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  • Musgrave dividend share-out of €15m as profits rise

    The chief executive officer of the Musgrave Group, Chris Martin, and group finance director Tim Kenny at the announcement yesterday of the company's final year results for 2006 held in the Westin Hotel, College Green, Dublin. Musgrave group paid out dividends of €15.5 million last year to members of the Musgrave family and to management in the Cork-based retail and wholesale empire on the back of a 14.2 per cent rise in pre-tax profits to €81 million. p

  • World Bank seeks Wolfowitz exit strategy

    The board of the World Bank was last night reported to be negotiating the terms of Paul Wolfowitz's departure as president, following a damning report on his negotiation of a compensation package for his girlfriend, bank employee Shaha Riza. p
Other Stories

  • 10% fall in gas prices to benefit users from October

    Consumers are set to benefit from a 10 per cent fall in natural gas prices in October, State company Bord Gáis Éireann (BGÉ) pledged yesterday. p

  • Irish group in running for £200m 'Racing Post'

    An investment group set up by former IBI Corporate Finance chief executive Peter Crowley has been shortlisted to buy the Racing Post , the daily UK horseracing newspaper that the Trinity Mirror group has put up for sale with a price tag of about £200 million. p

  • Merrion to launch new €50m hedge fund

    Merrion Capital and its parent, Iceland bank Landsbanki, are planning to invest in a new hedge fund that will be managed by the firm's current head of equities, Adrian O'Carroll. p

  • Customer claims First Active wrongly transferred £100,000

    A First Active customer was unaware that the financial institution lodged £100,000 of his investment funds into a business acquaintance's account, the High Court heard yesterday. p

  • Timoney signs deal with Chinese truck maker

    Meath-based engineering company Timoney Technology has signed contracts to sell its suspension systems to Chinese group Sinotruck, the fourth-largest heavy truck maker in the world. p

  • NI civil servant to head up Goodbody

    A senior Northern Ireland civil servant is set to head up Goodbody Stockbrokers' Belfast office. p

  • REO settles legal action

    Real Estate Opportunities (REO), the property investment firm controlled by Dublin-based Treasury Holdings, has reached a financial settlement with its former financial adviser UBS over allegations surrounding its involvement in losses incurred following REO's creation and flotation. p

  • Double-digit growth at Glanbia

    Agri-food group expects trend to continue over next five years p

  • Pretax profits at ACC double to €67.3m

    ACC Bank made pretax profits of €67.3 million last year, as the bank concentrated on providing banking and wealth management services to small and medium-sized enterprises. p

  • Ryanair shares fall on concerns over lower fares

    Ryanair's share price fell by 4.5 per cent yesterday to €5.35 on investor concerns about a decline in average fares. p

  • Sales flow from Ballygowan ads

    Media & Marketing : The decision by C&C to sell its soft drinks and distribution activities to Britvic for €249 million means that two more iconic Irish brands are passing into overseas ownership. p

  • Projected fall in Ryanair fares hits shares

    Market report : Ryanair was the talk of the Irish market yesterday though not for the reasons its management would have liked. p

  • In Short

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