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Fingleton to step down from Nationwide post

BreakingNewsie TCM — Thu, 02 Apr 2009 12:37:33 GMT

Irish Nationwide’s long-time chief executive Michael Fingleton is to leave the company at the end of April, it was announced today.

High degree of consensus on recovery plan

BreakingNewsie TCM — Thu, 02 Apr 2009 12:12:26 GMT

Britain's Prime Minister Gordon Brown declared today there was a “high degree of consensus” among G20 leaders on a recovery plan for the world economy.

ISME want reduction in public sector spending

BreakingNewsie TCM — Thu, 02 Apr 2009 15:34:16 GMT

The Irish Small and Medium Enterprise Association has warned the Government that employer’s PRSI, commercial rates and public sector spending hav to be reduced in next week's emergency Budget.

Positive day for European markets

BreakingNewsie TCM — Thu, 02 Apr 2009 20:56:57 GMT

PARIS: the Cac-40 index closed up 152.2 at 2991.8.

Big gain for DAX 30

BreakingNewsie TCM — Thu, 02 Apr 2009 20:52:06 GMT

FRANKFURT: the DAX 30 closed up 250.8 at 4381.9.

Wall Street extends four-week rally

BreakingNewsie TCM — Thu, 02 Apr 2009 23:12:22 GMT

Investors dived into stocks today as global efforts to end the financial crisis fed the market’s new-found optimism that the economy is on the mend.

2% of NI manufacturing base lost in four days

BreakingNewsie TCM — Fri, 03 Apr 2009 10:55:47 GMT

Stormont Employment Minister Reg Empey says the North has lost 2% of its entire manufacturing base over the past four days.

Goodwin refuses to budge on RBS pension

BreakingNewsie TCM — Fri, 03 Apr 2009 17:08:48 GMT

Former Royal Bank of Scotland boss Fred Goodwin is not considering a “voluntary reduction” in his £703,000-a-year pension, sources said today.

New initiative bids to introduce more electric cars

BreakingNewsie TCM — Fri, 03 Apr 2009 16:39:15 GMT

The Government and ESB have signed a note of understanding with Renault and Nissan to promote the introduction of electric cars.

Wall Street continues fightback

BreakingNewsie TCM — Fri, 03 Apr 2009 23:03:37 GMT

Not even more job losses could get in the US stock market’s way today.

HSBC shareholders take 96% of rights issue

BreakingNewsie TCM — Sun, 05 Apr 2009 16:24:58 GMT

Banking giant HSBC today said shareholders had taken up 96.6% of the new shares on offer in a £12.5bn (€13.7bn) rights issue.

IBM pulls Sun offer

BreakingNewsie TCM — Mon, 06 Apr 2009 08:47:56 GMT

Technology giant IBM withdrew its offer to buy Sun Microsystems for about $7bn (€5.16bn) this weekend, clouding the prospects for a deal that would have shaken up the computing industry.

Steady advances for FTSE

BreakingNewsie TCM — Mon, 06 Apr 2009 12:48:37 GMT

The London market advanced steadily higher today as optimism lingered after last week’s rally.

ISEQ suffers marginal fall

BreakingNewsie TCM — Mon, 06 Apr 2009 18:13:26 GMT

The ISEQ index of Irish shares closed at 2,321.49 this evening.

Poor opening on Wall Street affects FTSE

BreakingNewsie TCM — Mon, 06 Apr 2009 18:09:24 GMT

The FTSE 100 Index slid back below the 4,000 mark today as a poor opening on Wall Street depressed blue-chip stocks.

Dow down at close

BreakingNewsie TCM — Tue, 07 Apr 2009 11:04:00 GMT

NEW YORK: The Dow Jones closed down 41.7 at 7975.9.

Aircraft firm threatens to scrap Dublin expansion

BreakingNewsie TCM — Tue, 07 Apr 2009 14:59:21 GMT

Lufthansa Technik Airmotive is threatening to scrap plans for expanding its base in Dublin unless employees accept new work practices

BP boss under fire

BreakingNewsie TCM — Tue, 07 Apr 2009 14:43:52 GMT

BP chairman Peter Sutherland today faced calls for his head amid claims his senior role at Royal Bank of Scotland raised doubts over his suitability.

RBS plans 9000 job cuts

BreakingNewsie TCM — Tue, 07 Apr 2009 14:27:28 GMT

Royal Bank of Scotland said today that it was consulting unions over plans to cut up to 9,000 jobs in the next two years.

Two wheels are the future says GM

BreakingNewsie TCM — Tue, 07 Apr 2009 14:37:40 GMT

Car giant GM and electric transport specialist Segway are developing a two-wheeled, two-seat electric vehicle designed to be a clean city alternative to traditional cars.

Thousands expected at car parts factory rally

BreakingNewsie TCM — Tue, 07 Apr 2009 18:17:27 GMT

Thousands of people are expected at a rally at the Visteon plant in the North tomorrow, workers said.

FTSE slides for third day in a row

BreakingNewsie TCM — Tue, 07 Apr 2009 18:15:20 GMT

Financial stocks led the FTSE 100 Index into the red today as the London market slid to its third successive losing session.

Lenihan announces changes to banking regulation

BreakingNewsie TCM — Tue, 07 Apr 2009 17:45:23 GMT

Finance Minister Brian Lenihan has today announced changes to the banking regulation system to send a strong message to the world that Ireland is determined to restore its financial reputation.

Greens say tough Budget was necessary

BreakingNewsie TCM — Tue, 07 Apr 2009 19:07:24 GMT

Green Partly leader and Environment Minister John Gormley has said he accepts the budget is very tough on people, but believes it is also fair.

Innovation programme launched for border counties

BreakingNewsie TCM — Wed, 08 Apr 2009 12:46:07 GMT

A major business innovation and development programme geared towards producing up to 12 new start-up companies in the border counties was announced today.

Breeo takeover ruling to be appealed

BreakingNewsie TCM — Wed, 08 Apr 2009 16:39:45 GMT

The High Court ruling on Kerry Group’s takeover of Breeo Foods brands is to be appealed.

Cork-Britain ferry link to start in June

BreakingNewsie TCM — Wed, 08 Apr 2009 16:39:15 GMT

Cork is set for a new ferry link with Britain from early June, it was claimed today.

Filte Ireland to invest in home tourism

BreakingNewsie TCM — Wed, 08 Apr 2009 16:36:33 GMT

Fáilte Ireland will invest a record €3m in domestic marketing in a bid to face the “biggest challenge to Irish tourism since 9/11”.

Encouraging jump for ISEQ

BreakingNewsie TCM — Wed, 08 Apr 2009 18:24:57 GMT

The ISEQ index of Irish shares was up more than 1.5% today, rising 37.34 points to 2,310.53.

Slight fall for FTSE

BreakingNewsie TCM — Wed, 08 Apr 2009 18:21:54 GMT

The FTSE 100 Index lost more ground today in a drifting session as lingering concerns over US earnings weighed on investors.

Recovery for Wall Street

BreakingNewsie TCM — Wed, 08 Apr 2009 23:15:38 GMT

Wall Street broke a two-day slide today as investors cherry-picked insurance, technology and home-building stocks on bits of welcome news for those industries

Regulator bosses to respond to allegations it knew of AIB overcharging

BreakingNewsie TCM — Thu, 09 Apr 2009 08:52:40 GMT

The Chairman and CEO of the Financial Regulatory Authority will have a chance later today to respond to allegations that the Regulator knew about overcharging at AIB in 2001.

Lufthansa management to meet over vote

BreakingNewsie TCM — Thu, 09 Apr 2009 08:52:00 GMT

Management at Lufthansa Technik Airmotive is to hold a meeting with its parent company in Germany today after its new work practices were rejected by staff.

BoI predicts economy will contract by 7%

BreakingNewsie TCM — Thu, 09 Apr 2009 11:59:32 GMT

Bank of Ireland is predicting that the economy will contract by 7% this year, making it just the fourth year in the past five decades that Irish GDP has fallen.

Asian markets on upward curve

BreakingNewsie TCM — Thu, 09 Apr 2009 11:45:05 GMT

HONG KONG: The Hang Seng index closed up 426.6 at 14901.4.

Dow finishes in positive territory

BreakingNewsie TCM — Thu, 09 Apr 2009 11:44:18 GMT

NEW YORK: The Dow Jones closed up 47.5 at 7837.1.

Jobs boost for Cork

BreakingNewsie TCM — Thu, 09 Apr 2009 15:10:25 GMT

Cork received a welcome jobs boost today with the confirmation that US online gaming company Big Fish Games is to set up its European headquarters in the city's Mahon suburb, creating up to 100 positions over the next three years.

Fightback for FTSE

BreakingNewsie TCM — Thu, 09 Apr 2009 17:55:57 GMT

The FTSE 100 Index broke a four-day losing streak today after US bank Wells Fargo gave the sector a surprise lift with forecast-beating results.

Barclays president due for 4.7m payout

BreakingNewsie TCM — Thu, 09 Apr 2009 16:57:18 GMT

Barclays bank president Bob Diamond was in line for a payout of up to £4.7m (€5.2m) today after the bank sold part of its fund management business to bolster its finances.

European markets on the up

BreakingNewsie TCM — Thu, 09 Apr 2009 20:19:49 GMT

PARIS: the Cac-40 index closed up 55.5 at 2976.6.

Boost for DAX 30

BreakingNewsie TCM — Thu, 09 Apr 2009 20:17:21 GMT

FRANKFURT: the DAX 30 closed up 133.2 at 4491.1.

Decline of global economies shows signs of easing

BreakingNewsie TCM — Fri, 10 Apr 2009 13:07:23 GMT

The world’s major economies are continuing to head for a deep slowdown, but the pace of decline is easing in some countries, research claimed today.

UK financial watchdog to launch banks inquiry

BreakingNewsie TCM — Sun, 12 Apr 2009 14:30:20 GMT

The City watchdog in the UK is to hold an investigation into the events which led to the British government’s rescue of HBOS and Royal Bank of Scotland, it was reported today.

Wall Street bounces back

BreakingNewsie TCM — Mon, 13 Apr 2009 22:28:53 GMT

US stocks ended mixed today ahead of a flurry of earnings and economic reports that could determine whether the bets investors made in the past month on a stabilising economy will pay off.

US banking giant beats first-quarter profit predictions

BreakingNewsie TCM — Tue, 14 Apr 2009 08:31:19 GMT

Banking giant Goldman Sachs beat Wall Street’s earnings expectations as it reported a profit of $1.66bn (€1.25bn) for the first three months of this year.

ISEQ up 67 points

BreakingNewsie TCM — Tue, 14 Apr 2009 12:00:03 GMT

The ISEQ index of Irish shares resumed after the Easter break this morning and reported an upsurge, mirroring trends in the UK and US.

Asian markets up

BreakingNewsie TCM — Tue, 14 Apr 2009 11:31:56 GMT

HONG KONG: the Hang Seng index closed up 678.8 at 15580.2. SINGAPORE: the Straits Times index closed up 20.2 at 1897.0.

Encouraging boost or ISEQ

BreakingNewsie TCM — Tue, 14 Apr 2009 18:11:13 GMT

The value of Irish shares was up again today, as the ISEQ index climbed 40.99 points to 2.413.88.

Little overall movement for FTSE

BreakingNewsie TCM — Tue, 14 Apr 2009 18:06:27 GMT

Disappointing US economic data held back gains on London’s leading share index today as falls on Wall Street offset another strong session for banks.

Irish companies secure deals with US firms worth 3m

BreakingNewsie TCM — Tue, 14 Apr 2009 18:04:37 GMT

Three Irish companies have secured new export deals worth €3m with client firms in the US.

Gains for German market

BreakingNewsie TCM — Tue, 14 Apr 2009 19:59:04 GMT

FRANKFURT: the DAX 30 closed up 65.9 at 4557.0.

Talks due in bid to resolve Visteon dispute

BreakingNewsie TCM — Wed, 15 Apr 2009 13:01:43 GMT

Talks are due to take place in London today in an effort to end a dispute at three plants operated by the car parts company Visteon, including one in Beflast.

Technology firm to axe 130 jobs

BreakingNewsie TCM — Wed, 15 Apr 2009 12:38:08 GMT

One of the world’s leading technology firms is to axe more than a quarter of its workforce at its European headquarters in Dublin, it was revealed today.

FTSE struggles for direction

BreakingNewsie TCM — Wed, 15 Apr 2009 12:29:01 GMT

London’s blue chip share index struggled for direction today as financials and miners lost ground after yesterday’s rally.

Visteon workers picket Ford showrooms

BreakingNewsie TCM — Wed, 15 Apr 2009 15:17:27 GMT

Visteon car factory workers picketed Ford showrooms in the North today as talks on settling the dispute over job losses at the company were expected to get under way.

Poor performance for ISEQ

BreakingNewsie TCM — Wed, 15 Apr 2009 19:12:01 GMT

Many of the gains of recent days were lost on the Irish Stock Exchange today as the ISEQ declined 78.09 points to 2,355.79.

Little movement on German market

BreakingNewsie TCM — Wed, 15 Apr 2009 19:49:51 GMT

FRANKFURT: the DAX 30 closed down 7.2 at 4549.8.

Decline for Asian markets

BreakingNewsie TCM — Thu, 16 Apr 2009 11:38:04 GMT

HONG KONG: the Hang Seng index closed down 86.6 at 15583.0.

New managing director for Unilever Ireland

BreakingNewsie TCM — Thu, 16 Apr 2009 11:03:07 GMT

Conor Kilduff has been appointed as managing director of Unilever Ireland, it was announced today.

Visteon offers extra redundancy payments

BreakingNewsie TCM — Thu, 16 Apr 2009 14:48:21 GMT

Car parts firm Visteon today offered extra payments to former workers in a bid to resolve a series of protests over redundancies.

Half of Irish workers bullied on the job

BreakingNewsie TCM — Thu, 16 Apr 2009 14:20:18 GMT

Almost half of workers have been bullied on the job but the vast majority refuse to report it, a new survey revealed today.

ESB energy schemes to create 3700 jobs

BreakingNewsie TCM — Thu, 16 Apr 2009 14:17:17 GMT

Some 800 apprentices will be trained up as part of a wave of new ESB energy schemes that will create 3,700 jobs, the company said today.

Sony Ericsson to cut 2000 jobs worldwide

BreakingNewsie TCM — Fri, 17 Apr 2009 09:42:30 GMT

Mobile phone giant Sony Ericsson today said it would axe 2,000 jobs worldwide as it crashed to losses of €358min the first three months of 2009.

Digital revolution at heart of UK recovery says Brown

BreakingNewsie TCM — Fri, 17 Apr 2009 12:09:08 GMT

The digital revolution "lies at the heart" of Britain's economic recovery, prime minister Gordon Brown said today.

ECB to boost investor confidence

BreakingNewsie TCM — Fri, 17 Apr 2009 16:24:06 GMT

New measures could be on the way from the European Central Bank to help economies in the Eurozone.

ISEQ up at close

BreakingNewsie TCM — Fri, 17 Apr 2009 19:36:00 GMT

The ISEQ index of Irish shares ended the week in positive territory, closing up 28.14 points today to 2,449.74.

Moodys reviews Irelands credit rating

BreakingNewsie TCM — Fri, 17 Apr 2009 19:00:41 GMT

Credit rating agency Moody's is reviewing Ireland's AAA rating in a move that could increase the cost of borrowing on international credit markets.

Marathon Oil sells Irish subsidiary

BreakingNewsie TCM — Fri, 17 Apr 2009 19:56:49 GMT

The US-headquartered energy company Marathon Oil today announced the sale of its Irish subsidiary, Marathon Oil Ireland Limited (MOIL) to PSE Ireland Limited, a subsidiary of Petroliam Nasional Berhad (Petronas).

Wall Street keeps six-week rally alive

BreakingNewsie TCM — Fri, 17 Apr 2009 23:28:38 GMT

Wall Street found enough in the latest earnings reports to keep its six-week rally alive.

Mexican credit approved

BreakingNewsie TCM — Sat, 18 Apr 2009 11:24:29 GMT

The International Monetary Fund has approved a $47bn (€36bn) flexible credit line for Mexico.

RTL mulls Channel 4 cash sweetener

BreakingNewsie TCM — Mon, 20 Apr 2009 09:35:28 GMT

Channel Five parent RTL is prepared to offer a cash incentive to sweeten its bid to merge with Channel 4, it was reported today.

AIB seeks to raise more cash

BreakingNewsie TCM — Mon, 20 Apr 2009 09:33:20 GMT

Allied Irish Banks said today that it would need to shore up its capital strength by another €1.5bn) on top of existing plans for a multi-billion Government bail-out.

Tentative FTSE falls

BreakingNewsie TCM — Mon, 20 Apr 2009 12:24:24 GMT

London’s FTSE 100 Index slipped into the red today as hefty falls among miners offset more progress in the banking sector.

ISEQ marginally down

BreakingNewsie TCM — Mon, 20 Apr 2009 12:00:03 GMT

The ISEQ index of Irish shares suffered a marginal fall in this morning's trading.

Lenihan: Big two banks wont be nationalised

BreakingNewsie TCM — Mon, 20 Apr 2009 15:42:06 GMT

Finance Minister Brian Lenihan today reiterated the country’s two biggest banks will not be nationalised as Allied Irish Banks revealed it will sell part of its business to raise money.

Investors nervous as FTSE slides below 4000

BreakingNewsie TCM — Mon, 20 Apr 2009 18:07:13 GMT

London's FTSE 100 Index slid back below the 4,000 mark today as nervous investors took advantage of recent rallies to head for the exit.

AIB workers reject banks proposals on pay and pensions

BreakingNewsie TCM — Mon, 20 Apr 2009 18:06:26 GMT

Workers at AIB have rejected the bank's latest proposals on pay, pensions, jobs security and other contractual issues.

Sharp falls for European markets

BreakingNewsie TCM — Mon, 20 Apr 2009 17:33:46 GMT

PARIS: the Cac-40 index closed down 117.8 points at 2974.2.

ICMSA facing showdown with Teagasc

BreakingNewsie TCM — Mon, 20 Apr 2009 16:57:56 GMT

The Irish Creamery Milk Suppliers Association is warning of a showdown with Teagasc regarding the price of milk.

DAX 30 loses almost 200 points

BreakingNewsie TCM — Mon, 20 Apr 2009 19:50:15 GMT

FRANKFURT: the DAX 30 closed dn 190.5 at 4486.3.

Tesco to expand in North

BreakingNewsie TCM — Tue, 21 Apr 2009 10:32:07 GMT

Tesco is to create hundreds of jobs in the North this year, it announced today.

Telecoms firm to create 80 jobs in Belfast

BreakingNewsie TCM — Tue, 21 Apr 2009 13:58:54 GMT

A telecommunications firm has announced plans to create nearly 80 jobs at a research and development centre in Belfast.

Call for priority investment in Irish cities

BreakingNewsie TCM — Tue, 21 Apr 2009 13:47:32 GMT

The National Competitiveness Council (NCC) today called for the prioritisation of investment in Dublin and our other main cities to enhance and ensure Ireland’s long-term competitiveness.

32 jobs to go at Dublin hotel

BreakingNewsie TCM — Tue, 21 Apr 2009 13:46:40 GMT

One of Dublin's top hotels is seeking to cut 32 jobs as part of a voluntary redundancy programme.

Ireland facing highest bill for bank bailouts

BreakingNewsie TCM — Wed, 22 Apr 2009 09:17:04 GMT

The IMF has reportedly concluded that Ireland will have to pay more than any other country to rescue its banks from collapse.

New high score for Game profits

BreakingNewsie TCM — Wed, 22 Apr 2009 09:07:59 GMT

Game Group announced record sales and profit figures today after new products such as Nintendo’s Wii Fit helped to broaden the appeal of gaming.

Morning gains for ISEQ

BreakingNewsie TCM — Wed, 22 Apr 2009 12:04:39 GMT

The ISEQ index of Irish shares was up 13.52 points to 2.400.42 this morning.

Slight falls for Asian markets

BreakingNewsie TCM — Wed, 22 Apr 2009 11:38:38 GMT

HONG KONG: the Hang Seng index closed down 407.4 at 14878.5.

Up to 150 Lufthansa Technik workers facing axe

BreakingNewsie TCM — Wed, 22 Apr 2009 18:44:16 GMT

Up to 150 Lufthansa Technik employees are to lose their jobs.

ISEQ slightly up at close

BreakingNewsie TCM — Wed, 22 Apr 2009 18:41:26 GMT

The ISEQ index of Irish shares closed at 2,446.44 this evening.

ESB to enter talks with unions regarding pensions

BreakingNewsie TCM — Wed, 22 Apr 2009 18:36:17 GMT

The ESB Group of Unions is to hold talks with the company about the workers pension fund.

GM plans temporary factory closures

BreakingNewsie TCM — Thu, 23 Apr 2009 08:11:49 GMT

General Motors Corp is planning to temporarily close most of its US factories for up to nine weeks this summer because of slumping sales and growing inventories of unsold vehicles, sources said.

BoI: New business start-ups fall 18.4%

BreakingNewsie TCM — Thu, 23 Apr 2009 10:53:59 GMT

The latest Bank of Ireland Barometer has shown a 18.4% decrease in new business start-ups, when compared to the first quarter of 2008.

985 jobs to go at Lloyds banking group

BreakingNewsie TCM — Thu, 23 Apr 2009 14:41:24 GMT

Britain's finance industry was dealt another huge blow today with news that Lloyds Banking Group is to axe almost 1,000 jobs.

Finance house pulls plug on high-risk mortgages

BreakingNewsie TCM — Thu, 23 Apr 2009 14:31:38 GMT

Finance house Irish Life & Permanent (IL&P) has effectively pulled the plug on one of its higher risk mortgage lending wings, it was confirmed today.

Slight losses on European markets

BreakingNewsie TCM — Thu, 23 Apr 2009 18:01:11 GMT

PARIS: the Cac-40 index closed down 17.7 at 3007.6.

Court judgements for unpaid debt sees 96% rise

BreakingNewsie TCM — Thu, 23 Apr 2009 19:52:09 GMT

There's been an increase of 96% in the number of court judgements against companies in Ireland for the recovery of unpaid debt for the first three months of the year.

DAX 30 down more than 50 points

BreakingNewsie TCM — Thu, 23 Apr 2009 20:19:57 GMT

FRANKFURT: the DAX 30 closed down 56.2 at 4538.2.

Samsung first-quarter profit plummets

BreakingNewsie TCM — Fri, 24 Apr 2009 09:56:01 GMT

Samsung Electronics, the world's number one maker of computer memory chips and flat screen TVs, said net profit plummeted 72% in the first quarter as the global economic slump continued to suppress consumer demand.

Weak pound boosts Amazon

BreakingNewsie TCM — Fri, 24 Apr 2009 09:47:15 GMT

Online retailer Amazon UK today reported a surge in exports as consumers in continental Europe took advantage of the weak pound.

Steling slide fails to derail FTSE

BreakingNewsie TCM — Fri, 24 Apr 2009 12:24:20 GMT

The fastest slide in UK economic output since 1979 put sterling under pressure today but failed to derail London shares in a strong end to the week.

ISEQ down minimally

BreakingNewsie TCM — Fri, 24 Apr 2009 12:00:05 GMT

The ISEQ index of Irish shares was valued at 2,413.86 at 11am this morning.

Eircom seeks alternative restructuring plan

BreakingNewsie TCM — Fri, 24 Apr 2009 15:55:47 GMT

Eircom is appointing independent advisers to help the company find an alternative to a restructuring plan being proposed by its parent company Babcock Brown Capital.

ISEQ marginally up

BreakingNewsie TCM — Fri, 24 Apr 2009 19:23:31 GMT

The ISEQ index of Irish shares was valued at 2,420.99 at close today, a marginal rise of 2.51 points.

FTSE storms ahead

BreakingNewsie TCM — Fri, 24 Apr 2009 19:21:15 GMT

London’s FTSE 100 Index stormed more than 3.4% ahead today despite news that the UK economy had suffered its sharpest contraction in 30 years.

DAX also up

BreakingNewsie TCM — Fri, 24 Apr 2009 20:03:53 GMT

FRANKFURT: The DAX 30 closed up 136.1 at 4674.3

Rugby star Wallace opens new McDonalds

BreakingNewsie TCM — Sat, 25 Apr 2009 13:43:17 GMT

The first 50 of 200 jobs being created by McDonald's with the opening of four new fast-food outlets in Ireland this year were put in place today.

Japanese govt predicts hard times

BreakingNewsie TCM — Mon, 27 Apr 2009 09:08:49 GMT

The Japanese government said today the economy is likely to shrink 3.3% this fiscal year, its worst contraction since World War II, as exports continue to plummet.

Aviva reports trading boost

BreakingNewsie TCM — Mon, 27 Apr 2009 09:00:39 GMT

Insurance giant Aviva sought to ease concerns over trading today after it reported a 5% rise in sales and described demand as “resilient”.

World Bank: Downturn a human catastrophe for poor

BreakingNewsie TCM — Mon, 27 Apr 2009 08:59:10 GMT

The steep global financial crisis risks turning into “a human and development calamity” for many poor countries, the World Bank said as it urged donor nations to speed up delivery of money they have already pledged and consider giving more.

Siptu: Work-related deaths underreported

BreakingNewsie TCM — Mon, 27 Apr 2009 08:52:28 GMT

The number of work-related deaths per year is estimated to be around 20 times higher than the official figure, Siptu claimed today.

ISEQ falls 14 points

BreakingNewsie TCM — Mon, 27 Apr 2009 11:50:47 GMT

The Irish Stock Exchange has had a quiet morning's trading so far.

Asian stocks lower on closing

BreakingNewsie TCM — Mon, 27 Apr 2009 11:39:28 GMT

HONG KONG: The Hang Seng index closed down 418.4 at 14840.4.

Swine flu fears send FTSE travel and airline stocks down

BreakingNewsie TCM — Mon, 27 Apr 2009 18:31:16 GMT

Fears of a global swine flu pandemic sent travel and airline stocks reeling today as reports of new cases mounted across the globe.

Asian markets down

BreakingNewsie TCM — Tue, 28 Apr 2009 11:33:14 GMT

HONG KONG: the Hang Seng index closed down 285.3 at 14555.1. SINGAPORE: the Straits Times index closed down 10.2 at 1808.4.

Irish Nationwide chief to get 27m pension fund

BreakingNewsie TCM — Tue, 28 Apr 2009 14:53:21 GMT

Michael Fingleton will have a pension fund of more than €27m when he retires from his post as chief executive of Irish Nationwide Building Society at the end of the week .

ICAI survey says credit squeeze putting small businesses in danger

BreakingNewsie TCM — Tue, 28 Apr 2009 14:27:21 GMT

A majority of Irish businesses are experiencing serious difficulties in accessing finance from credit institutions, according to a survey of chartered accountancy firms conducted by the Institute of Chartered Accountants in Ireland (ICAI).

Dubai hit by huge slump in property prices

BreakingNewsie TCM — Tue, 28 Apr 2009 16:55:31 GMT

Property prices in the once red-hot Middle East boomtown of Dubai plunged 41% in the first three months of this year.

Aer Lingus shares slump on ISEQ

BreakingNewsie TCM — Tue, 28 Apr 2009 19:23:45 GMT

A downcast trading update resulted in a slide for Aer Lingus shares on the ISEQ today, with the index as a whole dropping 30.70 cents to 2,398.33 by market close.

Shell profits more than halved

BreakingNewsie TCM — Wed, 29 Apr 2009 08:55:21 GMT

Royal Dutch Shell today posted profits of $3.3bn (€2.5bn) for the first three months of 2009, down 58% on a year earlier.

Tesco workers in Cork to begin strike action

BreakingNewsie TCM — Wed, 29 Apr 2009 08:53:54 GMT

Around 80 workers at the Tesco outlet in the Douglas area of Cork are going on strike today as part of a row over terms and conditions.

Pfizer revenue drops 8% to 10.87bn

BreakingNewsie TCM — Wed, 29 Apr 2009 16:40:26 GMT

Pharmaceutical giant Pfizer — which employs 2,000 people in Ireland — reported a 2% decline in first-quarter earnings to $2.7 billion, in line with the company’s projections.

Celebs fail to halt slide in fortunes at Waterstones

BreakingNewsie TCM — Wed, 29 Apr 2009 16:25:10 GMT

Falling sales of celebrity biographies and travel books have hit high street books chain Waterstone's, the firm’s owner has revealed.

UK cinema chain sees profits rise

BreakingNewsie TCM — Wed, 29 Apr 2009 15:51:17 GMT

The UK’s second biggest cinema today said higher admissions and ticket prices had sent box office revenues soaring so far this year.

FTSE soars despite US figures

BreakingNewsie TCM — Wed, 29 Apr 2009 19:34:48 GMT

Investors shrugged off gloomy US output figures today as banking shares led a gain of more than 2% for the London market and swine flu fears took a back seat.

New MD for MyHome

BreakingNewsie TCM — Wed, 29 Apr 2009 17:23:07 GMT

Irish online property service MyHome has today announced that Angela Keegan has been appointed managing director with effect from June 1, 2009.

Telecoms company to create 50 jobs in Belfast

BreakingNewsie TCM — Thu, 30 Apr 2009 11:04:05 GMT

A telecoms company is creating more than 50 jobs in Belfast it was announced today.

Rise for Dow

BreakingNewsie TCM — Thu, 30 Apr 2009 10:10:07 GMT

NEW YORK: The Dow Jones closed up 168.8 at 8185.7.

Chrysler to file for bankruptcy

BreakingNewsie TCM — Thu, 30 Apr 2009 15:56:39 GMT

American car giant Chrysler will file for bankruptcy protection today as it continues to strive for a rescue deal with Fiat, according to White House officials.

Retail sales down more than a fifth in February

BreakingNewsie TCM — Fri, 01 May 2009 12:39:31 GMT

The volume of retail sales in Ireland during the month of February was more than 20% lower than in the same month last year, according to the latest figures from the CSO.

FTSE falls slightly

BreakingNewsie TCM — Fri, 01 May 2009 12:25:08 GMT

Investors took stock today after the FTSE 100 Index’s best month for six years amid cautious trading on the London market.

An Post reports record operating profit for 2008

BreakingNewsie TCM — Fri, 01 May 2009 16:34:15 GMT

An Post has reported a record operating profit of €31.2m for 2008, amounting to 3.7% of turnover.

New car sales down almost 67%

BreakingNewsie TCM — Fri, 01 May 2009 19:42:26 GMT

The amount of new cars registered in April was 4,448, according to figures released today, a drop of 66.71% on the same month last year.

Visteon dispute close to resolution

BreakingNewsie TCM — Fri, 01 May 2009 19:19:10 GMT

A resolution to the Visteon car factory dispute appeared close tonight after sacked workers were offered a redundancy deal that union bosses claim is worth 10 times their original package.

FTSE begins month on tentative note

BreakingNewsie TCM — Fri, 01 May 2009 19:05:49 GMT

Investors paused for breath today after the FTSE 100 Index’s best month in six years.

Gains for Paris market

BreakingNewsie TCM — Mon, 04 May 2009 17:55:55 GMT

PARIS: the Cac-40 index closed up 68.8 at 3228.6.

Asian stocks close on the rise

BreakingNewsie TCM — Tue, 05 May 2009 11:32:55 GMT

HONG KONG: The Hang Seng index closed up 49.0 at 16430.1.

Bank boss predicts US recession to bottom out by end of year

BreakingNewsie TCM — Tue, 05 May 2009 18:00:33 GMT

The US recession should “bottom out” over the coming months with the economy beginning to grow again by the end of the year, the head of the Federal Reserve said today.

Microsoft axes 60 jobs and creates 40 others

BreakingNewsie TCM — Tue, 05 May 2009 17:39:11 GMT

Sixty jobs are to be axed at Microsoft plants in Ireland but another 40 are to be created, the company revealed today.

Deal agreed to save van maker LDV

BreakingNewsie TCM — Tue, 05 May 2009 18:49:47 GMT

A last-ditch deal to save van maker LDV from going bust has been agreed with a Malaysian firm, safeguarding hundreds of jobs, it was disclosed tonight.

UK house prices decline sharply

BreakingNewsie TCM — Wed, 06 May 2009 10:11:38 GMT

British house prices continued to fall steeply during April, suggesting that talk of a recovery in the market may have been premature, figures showed today.

Slight fall for Dow

BreakingNewsie TCM — Wed, 06 May 2009 10:05:21 GMT

NEW YORK: the Dow Jones closed down 16.1 at 8410.6.

Pace of decline in services sector increases

BreakingNewsie TCM — Wed, 06 May 2009 09:53:26 GMT

The pace of decline of business activity in the Irish services sector accelerated in April, according to the latest NCB Stockbrokers Services PMI report.

Easter boost for BA

BreakingNewsie TCM — Wed, 06 May 2009 16:36:09 GMT

British Airways today said it flew 1.3% more passengers last month as this year’s later Easter helped boost standard class business.

FTSE rallies on recession end hopes

BreakingNewsie TCM — Wed, 06 May 2009 19:37:43 GMT

London’s blue chip share index rallied higher again today thanks to hopes that the worst of the recession may be over.

ISEQ down at close

BreakingNewsie TCM — Wed, 06 May 2009 19:39:44 GMT

The ISEQ index of Irish shares finished 21.16 points down to 2,682.00 in what was an active day's trading.

Barclays posts rise in pre-tax profits

BreakingNewsie TCM — Thu, 07 May 2009 08:25:28 GMT

Banking giant Barclays today posted a 15% rise in pre-tax profits today but part-nationalised rival Lloyds Banking Group said it was still on course for losses this year.

Wrangle regarding loan to bankrupt billionaires club

BreakingNewsie TCM — Thu, 07 May 2009 08:11:58 GMT

Financial giant Credit Suisse is defending its $375m (€282.4m) loan to a now-bankrupt resort for the rich, saying it was a legitimate transaction that reflected standard lending practices at the time.

Banks get ISEQ off to positive start

BreakingNewsie TCM — Thu, 07 May 2009 12:00:00 GMT

The ISEQ index of Irish shares was valued at 2,712.50 at 11am this morning.

Half of Norths businesses hit by banks lending squeeze

BreakingNewsie TCM — Thu, 07 May 2009 15:15:21 GMT

More than half of the North's businesses today reported suffering toughened bank lending conditions.

Slight drop for European markets

BreakingNewsie TCM — Thu, 07 May 2009 18:08:34 GMT

PARIS: the Cac-40 index closed down 24.0 at 3259.5.

Smurfit revenues down 18%

BreakingNewsie TCM — Fri, 08 May 2009 10:21:00 GMT

Paper company Smurfit Kappa's revenues have dropped 18% for the first quarter of 2009.

RBS up 14% despite soaring bad debts

BreakingNewsie TCM — Fri, 08 May 2009 12:30:35 GMT

Investors overlooked Royal Bank of Scotland’s soaring bad debts today to send shares in the part-nationalised bank almost 14% higher.

Car scrappage schems jobs boost for Nissan

BreakingNewsie TCM — Fri, 08 May 2009 12:24:13 GMT

Car manufacturer Nissan announced today it will create 150 jobs to deal with increased demand caused by scrappage schemes across Europe.

Construction firm creates 44 jobs

BreakingNewsie TCM — Fri, 08 May 2009 18:24:26 GMT

There's good news on the jobs front for Cork as 44 new jobs are to be created by home building company, Cronin Homes.

Centrica on brink of British Energy deal

BreakingNewsie TCM — Sun, 10 May 2009 12:37:35 GMT

Centrica and France’s EDF were today reported to be on the brink of a deal that will give the British Gas owner an entrance into the nuclear sector.

Cork science park going ahead

BreakingNewsie TCM — Sun, 10 May 2009 18:43:37 GMT

Plans for Ireland's first science park to be located in Cork are still going ahead despite the recession.

First National Enterprise Week launched

BreakingNewsie TCM — Mon, 11 May 2009 12:02:01 GMT

Ireland's first National Enterprise Week began today with the aim of promoting indigenous entrepreneurship and raising awareness of the support available to small businesses.

Call for entries to Best Managed Company awards

BreakingNewsie TCM — Mon, 11 May 2009 11:52:59 GMT

Organisers of the Best Managed Companies Awards programme today called on businesses from all 32 counties on the island of Ireland to submit their applications for the 2009 gongs ahead of the July 3 closing date for entries.

Construction activity continuing to decline sharply

BreakingNewsie TCM — Mon, 11 May 2009 11:48:17 GMT

Business conditions in the construction sector are continuing to deteriorate sharply, according to the latest assessment from Ulster Bank.

FTSE financial stocks fall after surge last week

BreakingNewsie TCM — Mon, 11 May 2009 18:17:33 GMT

Investors took home some of their profits today as the London market slipped into the red and financial stocks fell after last week’s surge.

ISEQ down almost 3% at close

BreakingNewsie TCM — Mon, 11 May 2009 18:02:58 GMT

The ISEQ index of Irish shares closed at 2,599.25 this evening.

Wall Street takes a break after previous rally

BreakingNewsie TCM — Mon, 11 May 2009 23:59:01 GMT

Financial stocks dragged Wall Street lower today as traders worried that last week’s rally was overdone.

Tullow upbeat ahead of AGM

BreakingNewsie TCM — Tue, 12 May 2009 10:30:24 GMT

Tullow Oil, in an Interim Management Statement released ahead of its AGM in London later today, has reported a strong start to 2009, saying that its Jubilee development in Ghana is on track to produce its first oil in the second half of next year.

Banking stress tests defended

BreakingNewsie TCM — Tue, 12 May 2009 10:21:22 GMT

The US government’s unprecedented “stress tests” of the country’s 19 largest banks should bolster Americans’ battered confidence in the banking system, Federal Reserve chairman Ben Bernanke said.

ICSA calls for REPS 4 farmers to be paid

BreakingNewsie TCM — Tue, 12 May 2009 14:14:30 GMT

Irish Cattle and Sheeparmers’ Association (ICSA) rural development chairman Gabriel Gilmartin has called today for all of those farmers who applied for REPS 4 and were rejected from the scheme for 2008 to be paid.

ISEQ rises in early trading

BreakingNewsie TCM — Tue, 12 May 2009 13:06:36 GMT

The ISEQ index of Irish shares was valued at 2,633.02 points at 12pm today, a rise of 33.14.

Small declines for European markets

BreakingNewsie TCM — Tue, 12 May 2009 17:42:33 GMT

PARIS: the Cac-40 index closed down 21.8 at 3226.9.

DAX 30 down

BreakingNewsie TCM — Tue, 12 May 2009 20:16:43 GMT

FRANKFURT: the DAX 30 closed down 12.8 at 4854.1.

Barratt encouraged by homebuyer interest

BreakingNewsie TCM — Wed, 13 May 2009 10:01:46 GMT

Barratt Developments today said there were signs of stability in the British property market after it reported improved visitor numbers and reservation rates.

AIB shareholders: Board should be replaced by Mickey Mouse

BreakingNewsie TCM — Wed, 13 May 2009 13:13:38 GMT

One of Ireland’s top bankers was pelted with eggs today as hundreds of angry shareholders attended a meeting.

FTSE slips after Bank of England report

BreakingNewsie TCM — Wed, 13 May 2009 13:09:58 GMT

A cautious economic forecast from the Bank of England left the FTSE 100 Index in the red today and sent the pound slumping back from recent gains.

English banks slow to provide business credit warns King

BreakingNewsie TCM — Wed, 13 May 2009 15:28:08 GMT

The reluctance of English banks to resume lending is hampering the UK's recovery from recession, the Bank of England warned today.

ISEQ down almost 4.5%

BreakingNewsie TCM — Wed, 13 May 2009 18:47:42 GMT

The value of Irish shares plummeted by 4.48% today as the ISEQ index showed a 117.06-point loss to finish on 2.493.68 in what was a miserable day of trading.

Frankfurt market loses ground

BreakingNewsie TCM — Wed, 13 May 2009 20:54:04 GMT

FRANKFURT: the DAX 30 closed down 126.5 at 4727.6.

ICTU economist to examine DHL finances

BreakingNewsie TCM — Thu, 14 May 2009 08:27:03 GMT

Management at DHL Ireland has cleared the way for ICTU economist Paul Sweeney to examine the company's books today.

Unions and management to discuss SRT bombshell

BreakingNewsie TCM — Thu, 14 May 2009 08:26:34 GMT

Unions and management at SR Technics are due to meet today following the news that the company has accepted a bid for part of its Dublin operation.

ISEQ up more than 2%

BreakingNewsie TCM — Thu, 14 May 2009 12:00:01 GMT

The ISEQ index of Irish shares was valued at 2,546.75 at 11am this morning.

EC approves Lufthansas takeover of British Midland

BreakingNewsie TCM — Thu, 14 May 2009 19:22:08 GMT

Lufthansa’s takeover of British Midland was approved by the European Commission today.

Irish firm chosen by Deloitte Australia for online accountancy services

BreakingNewsie TCM — Fri, 15 May 2009 15:19:18 GMT

Irish company AccountsIQ has announced that Deloitte Australia has today launched an online accounting service to its clients based on the accountsIQ software.

ISEQ closes up almost 75 points

BreakingNewsie TCM — Fri, 15 May 2009 19:16:30 GMT

The ISEQ index of Irish shares was valued at 2,632.66 points at close this evening, a rise of 74.18.

FTSE down after choppy day

BreakingNewsie TCM — Fri, 15 May 2009 19:05:54 GMT

The FTSE 100 Index struggled for direction today despite a boost for Barclays and a positive start on Wall Street.

Boots UK sales rise

BreakingNewsie TCM — Mon, 18 May 2009 09:08:20 GMT

Alliance Boots today said demand for its skincare ranges helped boost UK sales despite a “difficult” retail environment.

Lloyds begin hunt for new chairman

BreakingNewsie TCM — Mon, 18 May 2009 09:03:45 GMT

Lloyds Banking Group’s hunt for a new chairman was underway today following the resignation of Victor Blank.

Lloyds climbs after news of chairman stepping down

BreakingNewsie TCM — Mon, 18 May 2009 12:20:02 GMT

Lloyds Banking Group climbed the FTSE 100 Index leaders board today after news that Victor Blank will step down as chairman.

Galway gets Latin Quarter in tourism drive

BreakingNewsie TCM — Mon, 18 May 2009 18:21:16 GMT

The medieval streets of Galway city are being officially rebranded in a tourist drive which industry experts are looking to adopt in towns and cities around the country, it emerged today.

Bank of England boosts staffing to tackle crisis

BreakingNewsie TCM — Mon, 18 May 2009 19:48:53 GMT

The Bank of England launched its biggest hiring spree since the stock market crash in the UK of 1987 to cope with new responsibilities amid the financial crisis, it emerged today.

Pay awards trigger Shell shareholder revolt

BreakingNewsie TCM — Tue, 19 May 2009 17:20:43 GMT

Oil giant Royal Dutch Shell suffered a dramatic shareholder revolt today amid fury over its recent pay awards.

Shareholders unhappy about Next directors easier bonuses

BreakingNewsie TCM — Tue, 19 May 2009 16:30:24 GMT

Fashion chain Next received a warning shot from shareholders today after it softened the rules on bonuses to boost payouts to directors.

DAX 30 closes up

BreakingNewsie TCM — Tue, 19 May 2009 20:14:51 GMT

FRANKFURT: the DAX 30 closed up 107.7 at 4959.6.

Dow down slightly

BreakingNewsie TCM — Wed, 20 May 2009 10:03:24 GMT

NEW YORK: the Dow Jones closed down 29.2 at 8474.9.

New figures show steep decline in Japanese economy

BreakingNewsie TCM — Wed, 20 May 2009 09:55:31 GMT

Japan's economy has contracted at the fastest pace since 1955 as exports plunged, companies slashed production and families spent less, it was announced today.

EC may force Lloyds to sell parts of business

BreakingNewsie TCM — Wed, 20 May 2009 13:23:51 GMT

The British part-nationalised Lloyds Banking Group may be forced to sell off parts of the business as the price of UK government support, the bank said today.

Greetings card chain placed in administration

BreakingNewsie TCM — Thu, 21 May 2009 08:48:03 GMT

Around 2,100 jobs were today at risk in the UK after the birthdays greetings card business was placed into administration.

Ryanair check-in charge begins today

BreakingNewsie TCM — Thu, 21 May 2009 08:41:05 GMT

Ryanair's latest cost-cutting measure takes effect from today.

11890 launches jobs initiative

BreakingNewsie TCM — Thu, 21 May 2009 08:39:34 GMT

11890 Directory Inquiries has launched a new jobs initiative aimed at encouraging consumers to use its service.

Iseq down 23 points in morning trading

BreakingNewsie TCM — Thu, 21 May 2009 12:10:38 GMT

The Irish stock Exchange has had a quiet morning with stocks falling 23.7 points to 2,734.61.

Google: Do not underestimate selling power of internet

BreakingNewsie TCM — Thu, 21 May 2009 11:47:36 GMT

The value of the internet in reducing marketing and distribution costs during the current economic slowdown is being realised by more companies than ever, according to Google’s Ronan Harris, director of online sales and operations.

Asian stocks down on close

BreakingNewsie TCM — Thu, 21 May 2009 11:34:54 GMT

HONG KONG: The Hang Seng index closed down 276.4 at 17199.5.

Dublin firm wins major telecoms contract on Russia trade mission

BreakingNewsie TCM — Thu, 21 May 2009 14:29:54 GMT

Dublin company i-conX Solutions has secured a significant contract with major Russian GSM mobile telecoms operator Tele2 Russia, it was announced today.

Banks back Fiat bid for car supergroup

BreakingNewsie TCM — Thu, 21 May 2009 19:46:10 GMT

Fiat said today three financial institutions were supporting the Italian carmaker's plans to create a global powerhouse by merging with Chrysler LCC and General Motor’s Opel and Vauxhall brands.

BA chief Walsh to work for a month for free

BreakingNewsie TCM — Fri, 22 May 2009 17:00:36 GMT

British Airways chief executive Willie Walsh announced today that he will work for no pay in July as part of his airline’s cost-cutting programme.

Slight gain for DAX 30

BreakingNewsie TCM — Fri, 22 May 2009 20:09:18 GMT

FRANKFURT: the DAX 30 closed up 18.1 at 4918.8.

FTSE up slightly despite BA decline

BreakingNewsie TCM — Fri, 22 May 2009 19:43:37 GMT

Grim annual figures from British Airways plunged the stock into the red today as the airline's woes overshadowed more stable trading elsewhere.

ISEQ slightly up in quiet morning

BreakingNewsie TCM — Mon, 25 May 2009 12:00:00 GMT

The ISEQ index of Irish shares was valued at 2,705.82 at 11am this morning.

New chairman of airport authority unveiled

BreakingNewsie TCM — Mon, 25 May 2009 15:39:08 GMT

Businessman David Dilger was today revealed as the new chairman of the State-owned Dublin Airport Authority (DAA).

Flight sim centre for Dublin airport

BreakingNewsie TCM — Mon, 25 May 2009 20:18:40 GMT

A new flight simulator will touch down in Dublin to train pilots from all over the world, it emerged today.

DAX down at close

BreakingNewsie TCM — Mon, 25 May 2009 19:44:16 GMT

FRANKFURT: The DAX 30 closed down 0.3 at 4918.4.

Tesco staff enjoy bonus share-out

BreakingNewsie TCM — Tue, 26 May 2009 10:57:34 GMT

More than 207,000 employees at Tesco are scooping share bonuses worth a total of £98m (€111.5m) after the retailer’s record annual results, it was revealed today.

Greencore posts 27m half-year loss

BreakingNewsie TCM — Tue, 26 May 2009 13:54:05 GMT

Food group Greencore today posted a €27m loss for the six months to March 27, compared to a €24m profit for the same period last year.

Oil prices down ahead of Opec meeting

BreakingNewsie TCM — Tue, 26 May 2009 16:42:27 GMT

Oil prices eased below $60 (€43) a barrel today as investors awaited the latest meeting of the Opec oil-producing cartel later this week.

DAX up at close

BreakingNewsie TCM — Tue, 26 May 2009 19:39:34 GMT

FRANKFURT: The DAX 30 closed up 67.2 at 4985.6.

Shell confirms major restructuring

BreakingNewsie TCM — Wed, 27 May 2009 12:41:28 GMT

Oil giant Royal Dutch Shell today confirmed a major restructuring and boardroom overhaul in a move affecting about 24,000 staff.

Media and water companies help FTSE maintain gains

BreakingNewsie TCM — Wed, 27 May 2009 12:27:13 GMT

Positive broker comment lifted media and water companies today as the FTSE 100 Index clung on to recent gains.

General Motors set for bankrupcy

BreakingNewsie TCM — Wed, 27 May 2009 16:49:27 GMT

General Motors looks set to follow fellow “big three” US car maker Chrysler into bankruptcy after failing to get the bondholder support it needs to reduce the firm’s crippling debt.

Plans announced for major wind farm in Co Clare

BreakingNewsie TCM — Thu, 28 May 2009 09:08:10 GMT

Up to 300 new jobs are expected to be created during the construction of one of the country's largest wind farms in Co Clare over the coming years.

Iseq dips 32 points in early trading

BreakingNewsie TCM — Thu, 28 May 2009 12:16:06 GMT

The Irish Stock Exchange has slipped 32 points in morning trading to stand at 2,716.5 by 11am.

Tate remains cautious as profits dip

BreakingNewsie TCM — Thu, 28 May 2009 12:10:56 GMT

Sugar and ingredients group Tate & Lyle today warned over uncertain prospects as it unveiled an 18% fall in underlying profits.

Total Produce reach 2009 earnings target

BreakingNewsie TCM — Thu, 28 May 2009 11:48:30 GMT

Total Produce have announced that the firm has reached its 2009 earnings targets for the first four months of the year.

IBEC: Manufacturing sector in urgent need of assistance

BreakingNewsie TCM — Thu, 28 May 2009 14:51:27 GMT

IBEC have said that the latest official industrial production figures from the CSO confirm the crisis currently facing Ireland’s traditional manufacturing sector.

Monaghan food firm seeking 30 redundancies

BreakingNewsie TCM — Thu, 28 May 2009 18:33:15 GMT

Rye Valley Foods in Co Monaghan is seeking 30 redundancies.

FTSE mired in red on lacklustre day

BreakingNewsie TCM — Thu, 28 May 2009 18:19:30 GMT

The FTSE 100 Index was stuck in the red today as investor nerves continued to weigh on sentiment.

Fiat pulls out of Opel talks

BreakingNewsie TCM — Fri, 29 May 2009 10:04:28 GMT

Fiat pulled out of talks with the German government today over its bid for car maker Opel, saying that Berlin’s demands on the deal are “unreasonable”.

Dow Jones up at close

BreakingNewsie TCM — Fri, 29 May 2009 10:02:17 GMT

NEW YORK: The Dow Jones closed up 103.8 at 8403.8.

Japans jobless grows

BreakingNewsie TCM — Fri, 29 May 2009 09:57:49 GMT

Japan’s manufacturers boosted production in April, but more people lost jobs as the recession’s pain shifted from corporate boardrooms to individual workers and families.

Ryanair seeks to pressure Govt on Aer Lingus fees

BreakingNewsie TCM — Fri, 29 May 2009 14:02:57 GMT

Ryanair is seeking to pressure the Government into reducing the salaries paid to the chairman and directors of Aer Lingus.

Opel-Vauxhall takeover deal is close

BreakingNewsie TCM — Fri, 29 May 2009 20:17:20 GMT

Vauxhall and Opel are to be taken over by Canadian car parts company Magna, industry sources said tonight.

Late rally for Wall Street

BreakingNewsie TCM — Sat, 30 May 2009 00:02:23 GMT

A late day shot of adrenaline has sent stock prices soaring and given the big market indexes their third straight monthly gain.

Canadian firm to rescue Opel

BreakingNewsie TCM — Sat, 30 May 2009 11:21:40 GMT

A top-level meeting in Germany approved a plan today for Canadian car parts firm Magna to rescue Vauxhall parent General Motors’ European arm.

Merkel hails Opel deal

BreakingNewsie TCM — Sat, 30 May 2009 14:59:40 GMT

General Motors will sell its Opel unit and other European assets to Canada’s Magna International Inc in a deal German Chancellor Angela Merkel said today would protect the assets from GM’s likely bankruptcy.

Virgin Media to expand retail business

BreakingNewsie TCM — Sun, 31 May 2009 16:40:15 GMT

Virgin Media today said it plans to triple the number of its UK retail stores in a year.

FTSE surges on mining gains

BreakingNewsie TCM — Mon, 01 Jun 2009 19:19:23 GMT

The FTSE 100 Index surged 2% today as miners posted big gains on positive global economic news.

Virgin boss predicts hard times for airlines

BreakingNewsie TCM — Tue, 02 Jun 2009 08:52:31 GMT

The global recession will make this year the “worst in the history of aviation” for the airline industry, Richard Branson warned today.

Ryanair plummets to 169m loss

BreakingNewsie TCM — Tue, 02 Jun 2009 08:41:42 GMT

Low-cost airline Ryanair revealed today that it dived into the red by €169.2m in the year to March after being hit with a 59% hike in its fuel bill.

ISEQ up more than 3%

BreakingNewsie TCM — Tue, 02 Jun 2009 12:00:02 GMT

The ISEQ index of Irish shares was valued at 2,823.33 at 11am this morning.

Lloyds gets UKFI backing

BreakingNewsie TCM — Tue, 02 Jun 2009 14:58:38 GMT

The British government body charged with overseeing State-owned bank stakes today threw its weight behind Lloyds Banking Group ahead of its annual meeting later this week.

UK mortgage approval hits 12-month high

BreakingNewsie TCM — Tue, 02 Jun 2009 16:36:11 GMT

The number of mortgages approved for people buying a home in the UK rose to a 12-month high during April, but economists warned that house prices still had further to fall.

New car sales down almost 50%

BreakingNewsie TCM — Tue, 02 Jun 2009 20:41:04 GMT

New car sales have decreased by 49.4% in the past 12 months, new figures have revealed.

Slight gain for Dow

BreakingNewsie TCM — Wed, 03 Jun 2009 10:05:51 GMT

NEW YORK: the Dow Jones closed up 19.4 at 8740.9.

BP closes door on final salary pension scheme

BreakingNewsie TCM — Wed, 03 Jun 2009 09:54:55 GMT

Oil giant BP has become the latest firm to close its UK final salary pension scheme to new members, it was confirmed today.

New figures show another contraction in services sector

BreakingNewsie TCM — Wed, 03 Jun 2009 09:31:41 GMT

The month of May saw another reduction in activity in the Irish service sector, according to figures released today.

Early boost for ISEQ

BreakingNewsie TCM — Wed, 03 Jun 2009 13:03:09 GMT

The ISEQ index of Irish shares was up 46.45 points to 2,864.48 by midday today.

FTSE takes heavy hit in early trading

BreakingNewsie TCM — Wed, 03 Jun 2009 12:35:23 GMT

The FTSE 100 Index shed more than 2% today as banks and heavyweight stocks including Vodafone dragged the top tier into the red.

BA sees dip in passenger numbers

BreakingNewsie TCM — Wed, 03 Jun 2009 15:36:54 GMT

British Airways carried 7.3% fewer passengers last month than in May 2008, the airline announced today.

Debenhams launches investor cash-call

BreakingNewsie TCM — Thu, 04 Jun 2009 09:04:56 GMT

Debenhams today launched an investor cash-call for around £323m (€370m) as it looks to reduce its debt mountain.

Iseq positive in morning trading

BreakingNewsie TCM — Thu, 04 Jun 2009 12:18:12 GMT

The Iseq has had a mildly posititve morning after a 10.2 point rise to stand at 2,862.40 by 11am.

Recession boosts UK insolvency expert

BreakingNewsie TCM — Thu, 04 Jun 2009 15:25:34 GMT

British insolvency specialist Begbies Traynor today poured cold water on recovery hopes as it predicted increased workloads “for several years to come”.

ECB leaves interest rates unchanged

BreakingNewsie TCM — Thu, 04 Jun 2009 14:19:31 GMT

The European Central Bank has decided to leave its key interest rate unchanged this month at a record low of 1%.

PC World owner enjoys successful rights issue

BreakingNewsie TCM — Thu, 04 Jun 2009 17:40:13 GMT

PC World and Currys parent DSG International said it had received a 97.1% take up for its rights issue.

M&S boss pay rises despite profits slump

BreakingNewsie TCM — Thu, 04 Jun 2009 16:48:22 GMT

Marks & Spencer boss Stuart Rose saw his total pay package jump 28% last year despite a 40% fall in profits at the retail giant, it was disclosed today.