11/18 The Irish Times - Finance

Please add updates@feedmyinbox.com to your address book to make sure you receive these messages in the future. The Irish Times - Finance - Articles from The Irish Times - Finance IL&P down 13.5% as report raises its loan loss forecast November 17, 2009 at 9:02 pm DUBLIN REPORT:Iseq:2,899.81 ( -57.54)Settlement date:November 20th Stores vie for festive jingle of shoppers' money November 17, 2009 at 9:02 pm LONDON BRIEFING:WITH JUST 36 days to go until Christmas, the battle for festive spending is already well under way on the High Street. Today Debenhams launches a £250 million (€282.6 million) four-day sale, offering discounts of up to 50 per cent, as it attempts to steal business from its rivals. Last week Asda and Tesco announced price cuts on thousands of lines, worth a combined £400 million to customers, writesFIONA WALSH In short November 17, 2009 at 8:31 pm A roundup of today's other business news in brief IN&M's three printing plants reorganised November 17, 2009 at 8:31 pm INDEPENDENT NEWS & Media has reorganised its three printing and production plants in Ireland into a single all-island entity to achieve "significant cost efficiencies". Quintas Energy and AIB to raise €10m for solar-power projects November 17, 2009 at 8:31 pm A GREEN energy firm and AIB plan to raise an estimated €10 million to fund solar-power projects in Spain. High Court hears case on aquatic centre tender November 17, 2009 at 8:31 pm A COMPANY which failed to secure the tender to build the €63 million National Aquatic Centre has claimed in the High Court that the winning consortium would have been excluded from the tender process if vital information about it had not been withheld from then taoiseach Bertie Ahern and his government. Shares fall at Aer Lingus over plan extension November 17, 2009 at 8:31 pm AER LINGUS'S share price closed down more than 3 per cent in Dublin yesterday after it announced that the deadline for acceptance of a controversial €97 million restructuring plan had been extended. GM aims to cut capacity at Opel and Vauxhall by 20% November 17, 2009 at 8:31 pm GENERAL MOTORS plans to cut capacity by between 20 per cent and 25 per cent and the headcount by 9,000 to 10,000 at Opel and Vauxhall, but denies it will engage in a "bidding war" over jobs with European governments, from which it is seeking aid. British inflation climbs November 17, 2009 at 8:31 pm BRITISH INFLATION accelerated in October, and will probably keep rising in the coming months as rising oil costs, the weak pound and the reversal of a temporary cut in sales tax keep up the pressure on prices. Lenihan comes last in ministerial survey November 17, 2009 at 8:31 pm BRIAN LENIHAN has been ranked last in a major survey of European finance ministers for his performance over the past 12 months. Rents cheaper now than any time in last 10 years - survey November 17, 2009 at 8:31 pm RENTS HAVE fallen to their lowest level in a decade, falling more than 18 per cent in the past year, a new property survey revealed yesterday. Group's loan-loss provision set to rise November 17, 2009 at 8:31 pm ANALYSIS:IRISH LIFE & Permanent's (IL&P) decision to raise its expectation for the amount it will have to set aside to cover future loan losses caught the market by surprise yesterday. IL&P raised the loan-loss forecast for the three years to 2011 to as high as €900 million from the €700 million guided three months ago, blaming falling commercial property values. IL&P shares fall sharply as it raises forecast for loan losses November 17, 2009 at 8:31 pm SHARES IN Irish Life & Permanent (IL&P) fell sharply yesterday after the company raised its three-year forecast for loan losses and said the net interest margin would be squeezed as it weans itself off cheap European Central Bank (ECB) funding. Carroll's ICG stake sold at half its 2007 price November 17, 2009 at 8:31 pm LIAM CARROLL'S 29.3 per cent stake in Irish Continental Group was sold into the market yesterday by Goodbody Stockbrokers at €12.20 a share. NTMA bond auction raises €1bn November 17, 2009 at 8:31 pm THE NATIONAL Treasury Management Agency (NTMA) raised €1 billion yesterday in its final bond auction of 2009. Cabinet unwilling to breach bank salary guideline November 17, 2009 at 8:31 pm THE GOVERNMENT confirmed yesterday that it was not willing to breach the €500,000 maximum salary guideline for the banks in the case of the appointment of the new head of AIB, Colm Doherty.   This email was sent to carpenter.autoblog@gmail.com.  Manage Your Account Don't want to receive this feed any longer? Unsubscribe here.