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Accounting revelations hit Skillsoft share price
Shares in SkillSoft lost a third of their value yesterday when it revealed that SmartForce, the Irish firm which it acquired last month, had improperly accounted for revenues over a three year period. p
Irish Nationwide and AIB cut rates
Two Irish home loan providers yesterday reacted to mounting speculation that the European Central Bank (ECB) is set to reduce interest rates by cutting mortgage rates by a half and quarter per cent respectively. p
Move to low-cost traffic depresses airport profit
The percentage of passengers using Belfast International Airport to fly with low-cost airlines almost doubled during the past year, according to airport operators TBI. p
Other Stories
Irish O2 customers outspend European counterparts
O2 Ireland customers spent on average €542 each on mobile phone services every year, significantly more than the firm's other subsidiary operations in Europe, writes Jamie Smyth pCommission initiates the disciplining of Germany
The European Commission has taken the first step towards disciplining Germany for breaching the 3 per cent ceiling on budget deficits laid down in the Stability and Growth Pact. pDeficit boost for US economy
Economic growth in the US is likely to turn out higher than originally thought for the third quarter of the year, following a smaller than expected trade deficit announced yesterday. pTaggart yet to get Dunloe offer
Financier, Mr Paschal Taggart has not yet received a definitive offer for the 27 per cent stake in Dunloe Ewart that he purchased from Mr Noel Smyth on Monday. pGreen power scheme unveiled
The Government is to support a new scheme to promote renewable energy, the Minister for Communications, Marine & Natural Resources said yesterday. pHigh Court rules judge was wrong to dismiss case
A District Court judge was wrong to dismiss prosecutions against seven partners of a Sligo accountancy firm that had audited the books of two companies at a time when one of the partners was a director of the same two companies, the High Court decided yesterday. pThird-quarter profits drop at Bombardier
Third-quarter pre-tax profit at Bombardier fell as its aerospace division suffered from weakness in the business jet market, the Canadian transport giant said yesterday. pRepublic suffers sharpest fall in industrial production
The Republic suffered the sharpest monthly drop in industrial production during September of all the the euro-zone members, according to data released yesterday. pEstate agent expects profits to beat predictions
Estate agent, Sherry FitzGerald, said yesterday that its fee levels and profits for the year would come in ahead of market expectations. p
