Selasa, 24 November 2009

11/25 The Irish Times - Finance

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In Short
November 24, 2009 at 7:28 pm

A round-up of today's business news in brief



Iseq falls as data on US economy disappoints
November 24, 2009 at 7:28 pm

Iseq:2,882.74 (-33.72) Settlement date:November 27th

Emergency loan revelation leaves no doubt UK banks were just hours from meltdown
November 24, 2009 at 7:28 pm

LONDON BRIEFING:Details of secret Bank of England loans worth £62bn have only now been revealed



Andor Technology defies market with 67% rise in profits
November 24, 2009 at 7:28 pm

RECORD SALES growth and a 67 per cent jump in pretax profits helped Andor Technology deliver a market-defying performance for the 12 months to the end of September 2009.

Friends First warns against delays on public cutbacks
November 24, 2009 at 7:28 pm

MINISTER OF Finance Brian Lenihan cannot risk delaying implementing cuts in public spending, according to investment and insurance group Friends First.



Death of Pat Quinn, founder of Quinnsworth
November 24, 2009 at 7:28 pm

THE DEATH has taken place in Toronto of Pat Quinn, founder of the Quinnsworth chain and one of the country's best-known business figures in the 1960s and 1970s.

Digicel bond sale raises €330m from investors
November 24, 2009 at 7:28 pm

DENIS O'BRIEN'S Caribbean mobile network operator, Digicel, is borrowing €330 million through a bond sale to institutional investors to refinance part of the group's €2.5 billion debt.



Danske Bank may repossess assets
November 24, 2009 at 7:28 pm

DANSKE BANK may yet move to repossess assets in the State as the economy continues to struggle, its chief executive said yesterday.

EU may halt Eircom's penalty plan for illegal downloading
November 24, 2009 at 7:28 pm

EIRCOM'S PLAN to ban internet subscribers who persistently download music illegally has been dealt a blow after the European Parliament today approved a new telecoms reform package that offers greater protection for consumers.



Docklands accounts to show €50m hole
November 24, 2009 at 7:28 pm

THE 2008 accounts of the Dublin Docklands Development Authority are expected to be published tomorrow and to show a hole of approximately €50 million.

30 jobs to go as Aviva closes fund management unit
November 24, 2009 at 7:28 pm

AVIVA INVESTORS Ireland, the asset management division of insurance company Aviva which manages pension funds on behalf of Allied Irish Bank and Hibernian Aviva Life Pensions, is to wind down most of its investment management operations in Dublin with the loss of up to 30 jobs.



Details of State subsidy scheme for companies not available yet
November 24, 2009 at 7:28 pm

DETAILS OF the new Government Employment Subsidy Scheme, which was extended to include non-exporting companies over two weeks ago, are still not available, despite the fact that Enterprise Ireland and the Department of Enterprise and Employment said details would be published last week.

US recovery weaker than first thought
November 24, 2009 at 7:28 pm

THE US economy has not sprung back as strongly as previously thought, data showed yesterday, while other figures revealed that the recovery in housing and confidence remained brittle.



EBS and Irish Nationwide begin formal talks on a potential merger
November 24, 2009 at 7:28 pm

THE COUNTRY'S two building societies, the Educational Building Society (EBS) and Irish Nationwide, have commenced formal discussions on a potential merger.

Restructured Anglo to focus on business lending
November 24, 2009 at 7:28 pm

STATE-OWNED Anglo Irish Bank plans to restructure itself as a business lender after ruling out liquidation or winding down the entire bank over a prolonged period.



IL&P warns shareholders of legal claims
November 24, 2009 at 7:28 pm

IRISH LIFE & Permanent (ILP) may face legal claims and "substantial fines and penalties" over the controversial €7.45 billion deposits into Anglo Irish Bank last year, the company has said in a prospectus to shareholders.
 

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