- EU backing needed to 'telescope' bailoutSIMON CARSWELL, Finance CorrespondentRECAPITALISATION: EU APPROVAL was required to “telescope” the EU-IMF bailout of the banks and the Central Bank’s next set of stress tests into one announcement at the end of March, according to Minister for Finance Brian Lenihan.
- Bank of Scotland moves to restructure buy-to-let debtCONOR POPE, Consumer Affairs CorrespondentBANK OF Scotland said yesterday it was prepared to restructure the debt of buy-to-let borrowers in Ireland who have fallen deep into negative equity although it said it would only do so in exceptional circumstances.
- Battersea plan gets final approvalMARK HENNESSY, London EditorA €7 BILLION plan by Treasury Holdings to redevelop one of London’s most iconic sites, Battersea Power Station, which closed nearly 30 years ago, has been given final approval by the British government.
- Dublin hotelier refuses entry to appointed receiverBARRY O'HALLORANHOTELIER JOHNNY Moran, who locked a receiver and management company out of his two properties yesterday, accused State-owned Anglo Irish Bank of pursuing him for repayment of its loans only because he is a soft target.
- IMF finds Government is complying with bailout termsDAN O'BRIEN, Economics editorREPORT: THE INTERNATIONAL Monetary Fund (IMF) yesterday said it had found no failures on the part of the outgoing Government in its compliance with the bailout package, up to the end of December.
- AIB says delay may allow consideration of stress testsJOHN McMANUSREACTION: ALLIED IRISH Banks said yesterday the Government decision to delay further recapitalisation until after the election may allow consideration of the next round of stress tests before further money in injected.
Sectors »
- Financial Services NYSE Euronext, Deutsche Boerse in talksDeutsche Boerse AG is in advanced talks to buy NYSE Euronext in an all-stock transaction that would create the world's biggest equity exchange, accelerating a day of takeovers that began with London Stock Exchange Group's acquisition of TMX Group.
- Construction & PropertyCourt to rule on McKillen caseSIMON CARSWELL, Finance CorrespondentThe Supreme Court will proceed to rule on the outstanding constitutional and fair procedure issues raised in the case taken by businessman Paddy McKillen against the National Asset Management Agency to stop the transfer of his €2.1 billion in loans.
- Energy & ResourcesEnergy prices down 1% despite rise in oil pricesCIARA O'BRIENENERGY PRICES fell 1 per cent in January, a new survey has claimed, despite the rise in oil prices that has seen the commodity trade at more than $100 for the first time in more than two years.
- Health/PharmaSanofi reports progress in Genzyme talksSanofi-Aventis reported progress in talks to buy US biotech Genzyme and predicted 5-10 per cent lower earnings in 2011, underscoring the French drugmaker's need to find new sources of revenue growth.
- Media & MarketingIN&M may sue Associated Newspapers over unauthorised special edition of 'Tribune'CIARÁN HANCOCK, Business Affairs Correspondent
INDEPENDENT NEWS &Media (IN&M) is considering taking legal action against Associated Newspapers following the Irish Mail on Sunday ’s decision to run a special edition of the Sunday Tribune with many of its newspapers last weekend without permission.
- ManufacturingSmurfit earnings rise in 2010CIARA O'BRIENSmurfit Kappa Group grew its earnings by 22 per cent in 2010, and said it expects further growth in 2011.
- Retail & ServicesData breach at recruitment siteAOIFE CARRGardaí are investigating a security breach at the recruitment website RecruitIreland.com.
- Transport & TourismCar registrations continue to riseCIARA O'BRIENThe number of new private cars licensed in Ireland rose 30 per cent in January, new data from the Central Statistics Office showed today.
- Other SectorsLooking to the future: Innovation awards
THREE COMPANIES seeking funding to expand their operations will go head-to-head for the title of “best investment proposal” in the Docklands Innovation Park Enterprise Awards.
Markets »
- ISEQ TodayImproved global sentiment lifts Iseq higher
- LondonStrong metal prices push Randgold and Xstrata stocks up as Footsie rises
- EuropeMining sector gains help drive indices forward
- United StatesWall Street buoyed by upbeat retail sales
- AsiaAsian equities rally on strong earnings data
Dublin Today »
| Company | Latest Price € | % Change |
|---|---|---|
| SITESERV PLC - ESM | 0.05 | 25.00 |
| KENMARE RESOURCES PLC | 0.495 | 5.54 |
| UTV MEDIA PLC | 1.53 | 5.52 |
| BANK OF IRELAND | 0.362 | -6.94 |
| WORLDSPREADS GROUP PLC - ESM | 0.5 | -10.71 |
| AGI THERAPEUTICS PLC - ESM | 0.035 | -28.57 |
Minister for Finance Brian Lenihan at the Department of Finance, Dublin during the announcement that the Government is postponing further capital injections in Allied Irish Banks, Bank of Ireland and the EBS Building Society. Photograph: Gareth Chaney/Collins
Blogs »
- Business podcast: February 3rdJohn Collins | Current Account »John Collins talks to Dan O’Brien about economic predictions for 2011, Suzanne Lynch about...
- Introducing: Sony Ericsson Xperia PlayCiara O'Brien | Minibyte »If you’ve been waiting for a PlayStation phone, the Sony Ericsson Xperia Play could very well be...
- Election 2011: What the Haskins is going on?Laura Slattery | The Index »Until last weekend, I was as far away from Ireland as it is physically possible to go without...
Economy »
- IMF says Irish plan 'on target'The Government has met initial targets set out by the International Monetary Fund (IMF) under the conditions of the bailout plan agreed last year.
- Britain's trade deficit at record highBritain's goods trade deficit hit a record high in December as imports of aircraft jumped ahead of a change in VAT sales tax, and bad weather caused disruption at airports and ports.
- Warning against 'two-speed' EuropePlans by France and Germany to improve economic competitiveness in the euro zone risk creating a "two-speed Europe" that closes the door to non-euro countries, the currency area's budget chief said today.
- Ireland 'may need further EU help'Ireland may need further EU help after 2013 to raise funds, a new report has claimed.
- FF proposals short on detail and commitmentsDAN O'BRIENANALYSIS: The party’s shortest election manifesto in many years contains no new spending pledges
Technology »
- Web approach may solve worldwide problemsJOHN COLLINS
BOOK REVIEW: MacroWickinomics: Rebooting Business and the World , by Don Tapscott and Anthony D Williams
- No 'IPocalypse' for internet addressesJOHN COLLINSTHE BODY responsible for managing addresses on the internet handed out the last batch of four billion internet address at a ceremony in Miami yesterday saying “there are no more”.
- Microsoft to sell $2.2bn of debt to tap corporate bond marketMicrosoft plans to sell $2.25 billion of debt as investment-grade companies tap the corporate bond market. Proceeds may be used for working capital, stock buybacks and acquisitions, the Redmond, Washington-based company said in a regulatory filing. Microsoft is offering five-, 10- and 30-year senior unsecured debt, according to one source.
- Strong yen hits Sony Q3 profitsSony posted a 5.9 per cent fall in third-quarter profit, as a price war hurt its TV unit and a stronger yen also impacted, and lowered its revenue forecast on TV sales.
- Learning a lesson from software in schools
Observations of interactive whiteboards and iPads in schools show pupils are benefiting greatly, writes MARIE BORAN
Latest
- 21:54Scotland have it all their own way
- 21:43Young seals success for England
- 21:35Sporting Fingal cancel all player contracts
- 21:15NI accused 'claimed domestic abuse'
- 20:45Aer Lingus roster dispute resolved
- 20:32Court hears brain-damage case
- 19:41Lenihan postpones bank injections
- 19:28Leading Irish stocks fall back
Your Vote
ADVERTISEMENT
The Irish Times Tech 50 »
The main movers this week in The Irish Times Tech 50, a ranking of Ireland's highest-potential technology companies, produced in association with YouNoodle For the full table click here.