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Thursday, September 2, 2010 Previous editions

Business

Recovery fears as retail sales dip

FEARS that an economic recovery has stalled were expressed when figures showed retail sales fell in July.

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Analysts predict airline will leave Shannon base

THE future of Shannon Airport as a Ryanair base is in serious doubt with analysts predicting it could follow the same fate as Belfast City airport.

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AIB ‘faces delay’ in sale of Polish bank stake

AIB is unlikely to be able to wrap up the sale of its Polish operations by the end of this month and could even be facing a huge challenge to conclude a deal before the end of the year.

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House for sale – all offers over €1 considered

A DISGRUNTLED property owner is willing to consider offers of over €1 for his house.

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Market continues momentum

THE ISEQ index rose for a second consecutive day yesterday buoyed by strong performances from index heavyweight CRH and fellow buildings and materials company Grafton Group.

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Profits rise 40% for Cork toll operator

THE private operator of the tolled €295 million Rathcormac to Fermoy bypass in County Cork had a 40% increase in operating profits, to €7.6 million, last year.

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Burger King in 3G buyout bid

New York: Burger King Holdings, the second-largest US hamburger chain, is in talks with 3G Capital Management LLC about a possible buyout, according to a person familiar with the matter.

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Call for banks to reverse rate hikes amid surge in mortgage arrears

ONE mortgage holder in 20 has been unable to make monthly repayments for more than three months and experts fear the figures could be even worse.

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Manufacturing sector in growth mode

AN increase in new business levels kept Ireland’s combined manufacturing sector in growth mode during August, but the sector’s actual rate of growth slowed to its weakest level for five months.

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Canada Life to create 50 jobs

Dublin: The Canada Life Group is to create 50 jobs in Ireland.

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Digicel customers exceed 11m after subscriptions up 10% in 14 months

DIGICEL – the international mobile communications operator owned by Denis O’Brien – has announced a 10% rise in its subscriber base over the past 14 months, bringing its customer numbers past 11 million.

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Software Exporter of Year award

Dublin: The Irish Exporters Association (IEA) has linked up with Enterprise Ireland in the search for the Software Exporter of the Year 2010, a key category in the National Export Industry Awards.

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Insolvency rise expected despite 20-month low

DESPITE insolvency figures falling to their lowest rate in 20 months, a substantial increase in the number of firms collapsing is expected in the final months of this year.

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Marketing and PR firm launched

Cork: Profile Communications, a full service marketing and PR agency, was launched yesterday by Cork entrepreneurs Renate Murphy and Susie Horgan. The company offers outsourced marketing and PR packages for businesses that ensure every cent delivers more value and return.

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Standard Life to cut 500 jobs

Edinburgh: Standard Life, Scotland’s biggest insurer, will cut about 500 jobs as part of chief executive David Nish’s plans to reduce costs.

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UCD Dairy Business degree applicant numbers almost doubles this year

THE number of applicants for the Dairy Business degree programme, run by University College Dublin and Teagasc, has almost doubled this year, it was disclosed yesterday.

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Urgent need for policymakers to focus on rural economy and communities

THERE is an urgent need for greater emphasis on the rural economy and rural communities by policymakers, a Teagasc expert has suggested.

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Britain could go back to recession

London: Britain will go back into recession if the government fully implements the spending cuts necessary for a sustained economic recovery, Hargreaves Lansdown chief executive Peter Hargreaves said.

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Conference focus on restructuring

Dublin: The Corporate Restructuring Summit is a half-day corporate event, taking place on September 29 at the Chartered Accountants House, Dublin 2.

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Report shows pick-up in commercial property

THE latest analysis of the Irish commercial property market suggests tentative signs of a pick-up are starting to emerge.

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