Business news
- Iseq feels bond pressure19:28Sustained pressure on Irish government bonds took its toll on Irish financial stocks listed on the Iseq today, with only a climb by building materials group CRH lifting the index into positive territory.
- Activity up in British services sector13:12Activity in the British services sector unexpectedly gathered pace in October.
- Iseq rises on CRH gains13:02The Iseq is trading up almost 2 per cent today on the back of a strong performance from index heavyweight CRH.
- OECD warns on protectionism12:08The Organisation for Economic Cooperation and Development (OECD) has trimmed its growth forecast for next year and cautioned Group of 20 governments against unilateral currency interventions.
- BMW raises profit outlook10:48Luxury carmaker BMW has raised the outlook for its core auto business's profitability this year amid an ongoing boom in demand for luxury cars in China.
- Business leaders meet in Dublin09:55Irish business leaders are today attempting to convince the international media that commerce here has adapted and repositioned itself since the recession began.
- PFH acquires server provider09:36Technology services firm PFH has announced the acquisition of IT solutions provider Redstone Technology in a deal worth about €2.5 million.
- Borrowing costs rise further09:05Irish borrowing costs are continuing to rise today, placing further pressure on the Government as it readies a four-year plan of cutbacks and tax increases to reassert control over the public finances.
- Boots expects strong results08:51British healthcare group Alliance Boots expects to deliver strong full-year results boosted by market share gains in its retail business and strong growth in wholesale.
- World Bank lifts China forecast08:15The World Bank has today raised its forecasts for economic growth in China this year and next, saying that strong domestic fundamentals will help offset an expected slowdown in the global economy.
- British recruiters report slowdown08:06Permanent staff appointments via recruitment agencies in Britain rose at their slowest pace in 14 months in October, the Recruitment and Employment Confederation said today.
- SocGen Q3 profits double07:53French bank Société Générale said it would not need a capital increase to meet tougher industry rules as it this morning reported forecast-beating quarterly results driven by retail banking.
- US Fed to buy 'billions' in bonds07:43The US Federal Reserve is expected to announce a controversial new policy today to buy billions of dollars in government bonds in an attempt to breathe new life into the struggling US economy.
- Ernst & Young to add 300 staff07:28Accountancy and consulting firm Ernst & Young has announced it will create 300 jobs across Ireland over the next 18 months.
The Irish Times
- Tax revenues for October show signs of stabilisingTAX AND public spending figures are broadly on target ahead of the finalisation of the Government’s four-year budgetary plan.
- Nama loaned developers €47m to finish projectsNATIONAL ASSET MANAGEMENT AGENCY REPORT: NAMA LOANED an extra €47 million to developers earlier this year, eventhough many were not repaying debts they already owed the assetmanagement agency.
- IL&P offers State 10% stake for acceptance of EBS merger bidIRISH LIFE & Permanent has offered to give the Government a potential 10 per cent stake in the company in return for accepting an offer to merge its banking division Permanent TSB with State-owned EBS Building Society.
- Consumer sentiment down for fourth monthCONSUMER SENTIMENT has hit its worst streak for more than two years, having fallen for the fourth successive month in October.
- Spiralling borrowing costs heap pressure on CoalitionIRISH BORROWING costs have spiked to new records, piling pressure on theGovernment as it readies a four-year plan of cutbacks and tax increasesto reassert control over the public finances.
- Legal firm paid more than double agreed advisory fees, report showsLEGAL FIRM Arthur Cox was paid more than double the fees it was contracted to receive from the National Asset Management Agency (Nama), according to a report by the Office of the Comptroller and Auditor General (CAG) John Buckley.
- Oglesby & Butler shareholders to vote on proposed takeover bidSHAREHOLDERS IN Carlow-based engineering company and tool-maker Oglesby & Butler will vote on a proposed takeover bid for the company at an egm next month.
- India and Australia raise interest ratesINDIA AND Australia raised interest rates yesterday amid rising inflation fears as the US Federal Reserve prepared to take aggressive monetary policy action to stimulate the US economy.
- Northern Bank reports losses of £50mDANSKE-OWNED Northern Bank suffered pretax losses of nearly £50 million (€57 million) in the first nine months of the year, latest financial results show.
- NIB posts pretax loss of €468mNATIONAL IRISH Bank (NIB) reported a pretax loss of €468 million for thenine months to the end of September as impairment charges on commercialproperty loans continued to mar its balance sheet.
- Judge calls for more details on McInerneyA HIGH Court judge has said he wants more information about valuations of property owned by the troubled McInerney construction group before making his decision on whether to sanction a survival plan for the group.
- INM on track with profit predictionsINDEPENDENT NEWS & Media yesterday reaffirmed its guidance for the year, predicting a 2010 operating profit of between €220 million and €225 million, excluding one-time items.
- Irish firms make London investment pitchTWO DOZEN Irish software and life sciences companies pitched for international investment in London yesterday before nearly 100 venture capital (VC) firms at an event jointly organised by Enterprise Ireland and the Irish Venture Capital Association.
- BP profits up but cost of spill rises to $40 billionBP OFFERED investors tentative signs of recovery yesterday, with a modest rise in underlying profits, as it increased its estimate of the likely cost of its Gulf of Mexico oil spill to $40 billion (€28.5 billion).
- Betfair unveils plan for new Dublin officeONLINE SPORTS betting firm Betfair has announced plans to create up to 100 jobs at a new office in Dublin.
- Outsourcing whizz-kid's words of warning come back to haunt himLONDON BRIEFING: A bullying letter from Serco group to its suppliers has sparked government fury, writes FIONA WALSH
- In ShortA round-up of today's other stories in brief
- Banks feel the pressure from bond marketsDUBLIN REPORT: Iseq: 2,694.24 (+16.42) Settlement Date: November 5th DUBLIN’S ISEQ finished up 0.6 per cent yesterday in line with Europeanmarkets which all ended the session in the black as markets looked aheadwith anticipation to the US as the Federal Reserve began its two-daymeeting to decide its strategy for economic recovery.
Dublin Today »
| Company | Latest Price € | % Change |
|---|---|---|
| ZAMANO PLC - ESM | 0.04 | 14.29 |
| PROVIDENCE RESOURCES PLC - ESM | 3.6 | 12.50 |
| PETROCELTIC INTERNATIONAL PLC - ESM | 0.155 | 10.71 |
| ALLIED IRISH BANKS PLC | 0.32 | -4.48 |
| KENMARE RESOURCES PLC | 0.23 | -6.12 |
| IRISH LIFE & PERMANENT GROUP HOLDINGS PLC | 1.347 | -7.74 |
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