The Irish Times
- 'Lesser of two evils' brings even more pain for taxpayerANALYSIS : Anglo's collapse, we are told, would wreak havoc but can it be worth saving at this price?
- Fed extends crisis policies as outlook downgradedTHE US Federal Reserve yesterday took a symbolic first step to extend its crisis-era monetary policy regime, as it downgraded its view of the economic outlook amid rising fears that the US could face a “double-dip” recession.
- People still very cautious about spendingIRISH CONSUMERS remain very cautious about their spending, according to statistics compiled by Nationwide UK (Ireland) building society and the Economic and Social Research Institute (ESRI).
- Labour and FG criticise ongoing bailoutTHE OPPOSITION parties have accused the Government of providing consistently inaccurate information about the full cost of the Anglo Irish Bank bailout, following the decision of the EU Commission to sanction the injection of another €10 billion into the bank.
- Irish bonds slide: 10-year yields rise for second dayIRISH BONDS slid, driving 10-year yields higher for the second consecutive day, as the Government won permission to raise the amount of capital it can inject into Anglo Irish Bank to more than what was requested in June.
- Caterpillar dealership taken over by Canadian firmTHE McCORMICK Macnaughton Caterpillar dealership in the Republic has been taken over by Canadian firm Finning, but the group’s rental businesses have ceased trading.
- Elan not to spin off drug delivery business due to market concernsPHARMACEUTICAL FIRM Elan has decided not to spin off its drug delivery business Elan Drug Technologies (EDT) in the immediate future due to concerns over its valuation.
- Firms get payout from electricity levyTWO PRIVATE companies backed by multinationals will share a €14 million payout from the €157 million public service charge that the State plans to impose on electricity bills from next October.
- Pretax loss of €341m for NIB after impairment chargesNATIONAL IRISH Bank reported a pretax loss of €341 million for the six months to the end of June as impairment charges at the bank ticked up in the second quarter.
- Northern Bank is healthy, says MallonNORTHERN BANK, which has posted pretax losses of £16.7 million for the first half of this year, is “strong and healthy” according to its chief executive.
- Danske records quarterly profitDANSKE BANK, the parent of National Irish Bank (NIB) and Northern Bank, posted a second-quarter profit after loan impairments declined in Finland and the Baltic countries.
- Intesa drops bid for AIB's Polish bankINTESA SANPAOLO, Italy’s second biggest lender, has pulled out of the bidding process to buy AIB’s Polish bank Zachodni, sources said yesterday.
- Western consumers most wary on recoveryCONSUMERS IN large developing countries are more confident about their economies than their counterparts in western Europe and the US, according to an opinion poll.
- Grain export ban may be extended to 2011, says PutinRUSSIA HAS again slashed its grain harvest forecast and warned that a suspension of exports could be extended into 2011, as it battles drought and wildfires that could knock a percentage point from this year’s gross domestic product.
- International recovery drives increased outputANALYSIS: Both multinationalsand indigenous manufacturers have enjoyed an upward trend in 2010, writes DAN O'BRIEN
- Prospects of break-up still loom over banking sectorLONDON BRIEFING: Despite the recent good results, great uncertainty hangs over British banks, writes FIONA WALSH
- In ShortA round-up of today's other business news in brief
- Financials hit as Iseq gives up some of its gainsDUBLIN REPORT: Iseq: 2,959.25 (–24.72) Settlement date: August 13th IN LINE with markets around Europe, the Iseq was fairly flat yesterday, falling back by about 1 per cent, or 24.7 points, to close down at 2,959.25 in quiet trade.
Dublin Today »
| Company | Latest Price € | % Change |
|---|---|---|
| AMINEX PLC | 0.115 | 12.63 |
| ICON PLC | 18.5 | 8.19 |
| KENMARE RESOURCES PLC | 0.185 | 5.71 |
| SMURFIT KAPPA GROUP PLC | 7.843 | -4.64 |
| ALLIED IRISH BANKS PLC | 0.865 | -6.49 |
| BOUNDARY CAPITAL PLC - ESM | 0.015 | -25.00 |
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