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  • Bank takes major stake in Burlington

    Bank of Scotland (Ireland) has taken a major equity stake in the Burlington Hotel project led by Bernard McNamara, the acquisitive developer and construction magnate who bought the property for €288 million last month. p

  • Greencore challenges Minister's orders on €145m aid

    The Greencore Irish Sugar plant, at Carlow. The company received 145.5 million euro in EU restructuring aid after it ceased sugar production. The Government had no power to "dictate" to Greencore how it should spend some €145.5 million in restructuring aid following Greencore's withdrawal from sugar production here, the High Court was told yesterday. p

  • BP chief resigns after admitting lying to judge

    The career of one of the world's most respected business leaders crashed to an ignominious end yesterday as Lord Browne, chief executive of BP, resigned immediately following revelations that he had lied to a High Court judge. p
Other Stories

  • Murdoch bids $5bn for 'Wall Street Journal'

    Rupert Murdoch's News Corp has launched a $5 billion (€3.67 billion) bid for Dow Jones, owner of the Wall Street Journal , in a move that would give the media group control of one of the world's most influential newspapers and bolster its plans to launch a US cable business channel and extend its online reach. p

  • NIB's lending increases by 55%

    National Irish Bank (NIB) reported a 55 per cent increase in total lending in the first quarter, boosted by the ongoing popularity of its LTV (loan-to-value) mortgage product. p

  • IN&M to get first call on media group's shares

    Sir Anthony O'Reilly's Independent News & Media (IN&M) will retain first call on the shareholding of private-equity groups Providence and Carlyle in APN after their takeover of the Australian media group. Excluding debt, the transaction values APN at €1.93 billion on a fully-diluted basis. p

  • Department to unveil details of new broadband scheme today

    The Department of Communications will today unveil details of the National Broadband Scheme which will seek tenders to bring broadband to the areas of the State where Eircom says it is uneconomical to offer service without Government subsidy. p

  • Solicitor among investors in energy firm Blackstairs

    Well-known Dublin solicitor Stephen Miley is among a number of investors in a new exploration company, Blackstairs Energy, that has just signed a production sharing agreement with the government of Armenia. p

  • Builders say house prices to level off

    Most builders expect new house prices to remain level this year, a survey published yesterday shows. p

  • Confidence in manufacturing rises

    Confidence in the manufacturing sector has increased and input cost inflation has eased, the latest Purchasing Managers Index (PMI) from NCB stockbrokers suggests. However, a detailed breakdown of the index suggests that this confidence is becoming more reliant on the domestic economy. p

  • Rate of Irish export growth rises but lags behind imports

    Irish exports increased in February but the rate of growth continued to lag behind imports, according to figures published yesterday by the Central Statistics Office. The latest data also showed a decline in exports of some high-tech products on an annual basis. p

  • Over 5,000 new firms started in first quarter

    More than 5,000 new companies were started in the first quarter of 2007, according to Bank of Ireland Business Banking's Business Start-Up Barometer. p

  • New body to focus on small firm management

    Minister for Enterprise, Trade and Employment Micheál Martin is expected to announce the establishment today of a new council aimed at improving management capabilities in the small and medium-sized business sector. p

  • Boomtime for London's property market

    London Briefing : The £1.1 billion sale of the HSBC building in London's Canary Wharf financial district earlier this week underlines the remarkable boom in the capital's property market in recent years. p

  • Construction sector builds on quiet day

    Dublin report : The Irish market closed the day marginally up after a quiet day's trading. Business was light due to the lack of electronic trading yesterday. The ISE Xetra trading system was unavailable as it is operated from Frankfurt, where the market was closed for the May Day holiday. p

  • In Short

    A roundup of today's other business stories in brief: p
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