The Irish Times
C&C profits slip 41% in year of poor sales and expansion
PROFITS FELL by 41 per cent and sales were down by 8.1 per cent at CC last year after an expansion in cider brewing capacity in Clonmel and weaker cider sales left the company struggling. pPremium cider strategy still order of the day for Pratt
ANALYSIS: AFTER A disappointing, but not entirely unexpected set of results, Maurice Pratt and the CC management team are tinkering with their strategy rather than planning wholesale changes, writes John Collins . pComptroller's report slates Fás for failing to get value for money
A REPORT from the Comptroller and Auditor General John Purcell has criticised the employment authority Fás for failing to achieve value for money in its dealings with its principal advertising agency, as well as misdirecting Fás funds on a website project. pSmurfit shares drop over profit warning
SHARES IN Smurfit Kappa dropped 9.7per cent to €7.75 yesterday as the packaging giant warned that its profit this year could fall by as much as 10 per cent due to declining demand, dollar weakness and the rising cost of energy and raw materials. pAIG shares drop following report of $7.8bn net losses
SHARES IN American International Group (AIG) plunged yesterday after the world's largest insurance group by assets said it could offer "no assurance" that its huge credit market losses would come to an end any time soon. pWrite-downs by big insurers spook analysts and investors
There is no end in sight to turbulence in global financial sector, writes Proinsias O'Mahony . pSmall enterprises account for over 50% of jobs
SLIGHTLY MORE than half of all people in employment in the second quarter of 2007 worked for small enterprises, according to a report by the Central Statistics Office (CSO) published yesterday. pO2 denies €100 off iPhone aims to clear stock for new release
O2 HAS denied that a €100 price cut on the Apple iPhone is intended to clear stocks before a faster 3G version of the device is released. pUponor sells Irish arm to 3i
PRIVATE EQUITY firm 3i has acquired the Irish operations of the Uponor floor heating and plumbing systems business as part of a £100 million (€126.1 million) deal that will see it take control of Uponor’s British unit. pIrish investment firm to develop first indoor winter resort
IRISH INVESTMENT firm First Equity Group is to develop the world’s first indoor winter sports resort after planners said they were “minded” to approve the €600 million plan on a 360-acre site near Ipswich in the UK. pMarch industrial output up over 9%
OUTPUT FROM industry surged in March but the uplift failed to translate into strong growth for the first quarter, the Central Statistics Office indicated yesterday. pIn short
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