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Davy says housing slowdown to cause job losses
The downturn in the housing market has not yet led to lay-offs in the construction sector, but it will do in the second half of 2007, Davy Stockbrokers said yesterday. Laura Slattery reports. p
Fahey firm made over $1m from US deals
Publicly available documents in the US indicate a company
associated with Minister of State Frank Fahey has made more than $1
million (€739,000) from property dealings in a town near
Boston in recent years.
Colm Keena , Public Affairs Correspondent,
reports. p
Due diligence to start on ICG bid
The rival consortium considering a possible €530 million bid for Irish Continental Group (ICG) is expected to start due diligence this weekend, though no final offer is expected for at least a month. p
Other Stories
Drug firm Alltracel hails 'watershed' profit
Alltracel, the Dublin-based pharmaceutical company specialising in wound care, made its first profit last year, an achievement its chief executive described as a "watershed". Claire Shoesmith reports. pJob losses expected at Galway factory
Up to 80 employees are facing redundancy at one of the west's largest meat processing plants. pWorld Bank to rule on Wolfowitz role
Paul Wolfowitz's future as World Bank president hung in the balance yesterday after the bank's board issued a damaging finding on his role in the Riza affair and promised to reach a decision on the matter "expeditiously". pEU may force Ryanair to sell stake in Aer Lingus
The European Commission has laid the legal groundwork to force Ryanair to sell some or all of its one-quarter holding in Aer Lingus if the EU turns down its takeover bid, according to a confidential charge sheet. pWildwave wins first customers for its new Asian music channel
Irish media company Wildwave has announced its first distribution customers for a new multiplatform music service, i-amtv. pConsumer boom led by Chinese middle class still largely a fantasy
The majority of Chinese are off the radar for western companies, writes Clifford Coonan. pCrosbie buys two Waterford radio stations
Thomas Crosbie Holdings has bought control of two Waterford radio stations - WLR and Beat FM. The Cork-based media group has acquired a 75 per cent stake in WLR FM, which broadcasts to Waterford city and county. WLR managing director Des Whelan retained a 25 per cent interest. No financial details have been disclosed. pBCI seeks applicants for multi-city radio licence
The Broadcasting Commission of Ireland (BCI) is seeking applications for Ireland's first multi-city radio licence. pRiverdeep's credit rating confirmed
Moody's Investors Service, the international credit rating agency, has confirmed its B3 credit rating for interactive learning company Riverdeep. pCommunications watchdog orders Eircom to refund 3,000 customers
Some 3,000 Eircom customers will shortly be issued refunds after they were overcharged by €25-€300 for a call barring service that prevents calls to premium rate phonelines, mobiles and personal numbers. pDollar retreats against euro
The dollar rose against the yen but held near a two-year low against the euro after a Group of Seven source said there would be no new comment on currencies in the G7's communique later in the day. pOakhill shares leap another 50% higher
Market Report: Sentiment was positive in the Irish market yesterday, with a series of steady gains over the week helping the Iseq to its highest close in three weeks. pIn Short
A round-up of today's other stories in brief. p
