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Solbes uses carrot and stick to grow unstable pact
The European Commission will today launch a bid to restore the credibility of the stability and growth pact; the rules that are supposed to exert discipline on public finances in the euro zone. p
Aer Lingus agrees sale of charter subsidiary Futura
Aer Lingus has agreed the sale of Futura - its charter subsidiary - in a €35 million deal. The State airline will realise about €28 million from the sale of an 80 per cent stake in Futura. The remaining 20 per cent will be retained as a financial investment. p
Index shows average house price now tops €200,000
House prices rose by 10.4 per cent in the year to October, almost double the rate of growth achieved in the same period last year, according to new research. The growth rate of house prices in Dublin and outside Dublin over the year to date were 11.4 per cent and 10.2 per cent respectively p
Other Stories
German business confidence drops for sixth month in a row
German business confidence dropped for the sixth consecutive month in November, although there is hope that the situation is stabilising enough to head off recession, according to a leading business index. pConduit in buyout talks with management
Directory services provider Conduit is the latest company to find itself in buyout talks with its management. pUnited Drug reports pre-tax profits up €28.3m
Healthcare services group, United Drug, has reported strong growth for the year ending in September, buoyed by the performance of its pharma wholesaling and medical and scientific divisions. Pre-tax profits grew by 22 per cent to €28.3 million over the year, with turnover increasing by 15 per cent to €1.17 billion. pAirport terminal bidders named
The names of 13 national and international companies and consortia which have expressed an interest in building a new terminal at Dublin Airport have been published. The Minister for Transport, Mr Brennan, has also published the names of the panel of experts which is going to review the submissions. pUnlike Charlie, Gordon has stayed true to prudence
LONDON BRIEFING/Chris Johns Gordon Brown is due to present his annual Pre-budget report to the House of Commons today, in which he outlines his economic forecasts and his projections of the public finances. As its name suggests, this is not the actual budget but we will be able to guess at the broad shape of forthcoming policy changes once we have heard Mr Brown speak. p
We are getting tourists - just the wrong kind
The year 2000 was a record year for tourism in Ireland. The halcyon days before the technology downturn, foot-and-mouth disease and the attacks on New York, brought a record 5.9 million foreign visitors to these shores. pInflation and marketing top of list
The Tourist industry looks to the Budget for two particular signals: curbing inflation and increased funds "ringfenced" fir international marketing. p
Many depositors have yet to come out with hands up
Analysis: The Revenue Commissioners are seeking access to a huge amount of documentation amassed by the Ansbacher inspectors. Colm Keena reports pEnforcer seeks access
The Office of the Director of Corporate Enforcement is seeking access to the inspectors' papers in so far as they relate to three individuals. pRevenue seeks access to Ansbacher files
The Revenue Commissioners applied to the High Court yesterday for access to documents gathered by the inspectors into the affairs of Ansbacher Cayman Limited but not included in their published report. The documents are lodged in court. pCourt hears of more names with Cayman links than in report
The Revenue Commissioners have discovered that a "substantial" number of persons or entities had transactions or dealings with Ansbacher Cayman Ltd other than the 120 names listed in the recent Ansbacher report, the High Court was told yesterday. p
