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IBEC wants urgent action to arrest fall in competitiveness
The Republic will become the most expensive economy in the EU by 2004 if pay growth is not stemmed immediately, employers' group IBEC warned yesterday. p
Abbott expansion set to create 700 jobs
US healthcare company Abbott Laboratories will create 700 jobs in Galway and Cavan over the coming five years, it was announced yesterday. p
Elan wins backing for rights sale as group aims for more disposals
Elan has won shareholder approval for the $370 million (€366.37 million) sale of the rights to its Abelcet treatment to US company Enzon. The Irish drugs group said yesterday it hoped to announce further asset disposals before Christmas. p
Other Stories
'Income gap not affected by boom'
The relative income gap between the top and bottom earners did not widen during the economic boom, according to figures made public yesterday. pViridian plans second power station for Dublin
Northern Ireland electricity firm Viridian may build a second power station in north Dublin beside the existing plant now near completion. pHigh childcare costs are hampering labour market, says report
The high cost of childcare in Ireland is hampering labour market performance by keeping women out of the workforce, according to the European Commission's annual report on labour market efficiency. pRiverdeep chief's future may hinge on fate of bid
Rivverdeep chief executive Mr Barry O'Callaghan's future may depend on the fate of his management buyout bid for the company.Sources familiar with the company warned that the bid would have to value the company realistically. pDomain chief wins court order
The chief executive of the company that managed the .ie domain name has secured a temporary High Court order restraining the company from acting on a report prepared by KPMG in the context of purported disciplinary proceedings related to him. pVodafone rises 13% on results
Shares in Vodafone increased in value by almost 13 per cent yesterday on publication of better- than-expected half-year results which show a strong rise in earnings and revenues at the company. pPrices rise in tandem with Europe but gains are modest
Market Report. Settlement Date: November 15th Prices in Dublin rose again yesterday in tandem with Europe, though the gains were moderate. The ISEQ index finished ahead just over 1.5 per cent at 4310.71. pIrish mobile users still pay more
Mobile phone users in the Republic who subscribe to Vodafone continue to spend more on calls and data services than the firm's customers in other European states, key performance figures released yesterday show. pExecutives in US 'expect to cut jobs'
Executives from leading US firms are expecting to cut jobs and delay investment over the coming year, in the latest sign that the US recovery is struggling to gain momentum. Their gloomy sentiment, revealed in a survey by an association of chief executive officers, contrasted with upbeat comments yesterday from US Treasury Secretary Mr Paul O'Neil. pThe right to moan but not to complain too much
British businesses claim to feel extremely beleaguered. The Confederation of British Industry (CBI) has described corporate tax rises - of £47 billion sterling (€73.88 billion) - between 1997 and 2005 as both "relentless and damaging". pAxa sees 5.3% rise in sales
Axa, Europe's second-largest insurer, yesterday reported a 5.3 per cent increase in sales for the first nine months of the year, but said it was cautious over the outlook for full-year earnings. pEuro will tumble as US recovers, says economist
The euro will fall from parity against the dollar before the end of the year, declining to $0.92 within 12 months, a leading economist told a Dublin investment seminar yesterday. p
