Previous Day
Smyth and Irish Club fall out over property sale
Property developer Mr Noel Smyth and the council which runs the Irish Club in London have fallen out over whether the club should accept an offer for its premises. A deal the club signed with Mr Smyth earlier this year gave him certain rights over the sale of the property. The council is understood to be very unhappy that it cannot proceed with a sale. p
Rising cost of energy fuels inflation in euro zone
Euro-zone inflation continued to move beyond the European Central Bank's (ECB) targeted threshold of 2 per cent in October, as higher energy costs filtered through to consumer prices. p
Pensions Board may alter defined schemes
The Pensions Board is considering relaxing its funding requirements for defined benefit pension schemes in response to sustained weakness in the stock markets. p
Other Stories
ESB International profits rise to €22.7m
Day-to-day profits at ESB International rose last year to €22.72 million from €14.81 million in 2000, accounts newly lodged in the Companies Office reveal. pDavy modifies growth forecast down to 0.7%
Davy Stockbrokers has downgraded its already bearish forecasts for growth in the Irish economy for this year and next. pDunloe chairman sets sight on Cherrywood project
Dunloe Ewart's executive chairman, Mr Noel Smyth, is likely to look into acquiring the Cherrywood development in south Co Dublin once his involvement with the company ends early next year. pChief executive selected for BIAM
Mr Brian Goggin will succeed Mr Willie Cotter as chief executive of Bank of Ireland's asset management and securities services division when he retires in April. pFinancial watchdog chief appointed
The Central Bank's assistant director general, Mr Liam O'Reilly, has been appointed chief executive of the new financial services regulatory authority. pNewspaper advertising spend rallies moderately in third quarter
Newspaper advertising spend rallied moderately in the third quarter, prompting predictions that the sector may be heading for recovery after more than a year of sustained decline. pServecast closes six offices after losing €5.2m
Servcast, a technology firm backed by entrepreneurs Mr Denis O'Brien and Mr Eddie Jordan, has closed six overseas offices after reporting a loss of €5.2 million. pHeiton bids to reverse UK fortunes with appointment
The building materials group Heiton, owner of the Atlantic Homecare DIY chain, has appointed the president of the British Construction Federation to its board of directors in an effort to reverse the fortunes of under-performing UK subsidiary Cooper Clarke. pMedtronic enjoys rise in profits
Medtronic the world's largest medical device maker, said yesterday its quarterly profits rose, boosted by strong sales of a device to treat congestive heart failure. p
