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Waterford suffers trademark reversal
Waterford Wedgwood has failed in a bid to stop a South African wine maker from using the "Waterford" name as a trademark in Europe. p
Carroll's Greencore stake close to bid level
Multimillionaire property developer Liam Carroll has brought his stake in food company Greencore to 29.51 per cent, within a whisker of the 29.9 per cent threshold for a mandatory bid for the business. p
Citigroup profits grow by 23%
The main Irish unit of US banking giant Citigroup took advantage of buoyant business conditions in international markets last year to deliver a 23.6 per cent rise in annual pretax profits to €327.18 million. p
Other Stories
Norkom revenues surge 40% to €25m
Norkom, the Dublin software company, has reported a 38 per cent increase in revenues to €25 million and a 40 per cent improvement in earnings before interest, tax, depreciation and amortisation, for the year to the end of March last. pMcCambridge attempts to revive bid for UK bakery
Bakery firm McCambridge is exploring means of reviving its approach for troubled British cake-maker Inter Link after dis-agreement over a debt writedown culminated in the withdrawal of its bid. pGovernment scraps ComReg oversight appeals panel
The Government has scrapped the Electronic Communications Appeals Panel (Ecap), the body which oversaw decisions made by communications regulator ComReg. pQualceram upbeat on building sector
The construction sector will stage a recovery once stamp duty issues are resolved, the head of bathroom products manufacturer Qualceram Shires has predicted. pFyffes upbeat on plans to double revenue and profits in five years
Fruit distributor Fyffes yesterday reiterated plans to double revenue and profit over the next five years. Just two weeks after the company issued a profit warning chief executive Jimmy Tolan said that the main focus of the growth would be expansion through acquisitions in southern Europe and the Far East. pRuling on Spanish property case due today
A company director and three Spanish property companies who have been restrained by the High Court from reducing their assets below €840,000 told the court yesterday that allegations made against them were "fundamentally wrong". pSix new radio stations in RTÉ's digital trial
RTÉ is to launch six new radio stations as part of its trial of digital radio which is running until November next. Four of the services have begun broadcasting this week, with the other two to begin transmission later this summer. pCreo to raise €385m for properties in China
The Johnny Ronan and Richard Barrett-backed China Real Estate Opportunities (Creo) is raising €385 million to fund a pipeline of property deals in Beijing and Shanghai. pMaturing SSIAs boost retail sales
Retail sales have recovered from a sharp fall in February, according to data released yesterday by the Central Statistics Office (CSO). pFewer employers plan to hire more staff
Only 15 per cent of Irish employers intend to expand their workforce during the third quarter of the year, according to the latest employment outlook survey from recruitment company Manpower. pCPL recruitment predicts positive operating conditions
Recruitment group CPL Resources said yesterday that it expected its full-year financial performance to be "somewhat ahead" of current forecasts, citing ongoing strong demand for its services. pActivist investors make presence felt in boardroom
London Briefing: Shareholder activists are out in force in the City this summer - and they have some of Britain's biggest companies in their sights. Telecoms giant Vodafone has been called on to spin off its multibillion dollar stake in Verizon Wireless, while Barclays is being urged by activist investors to drop its £45 billion (€66.7 billion) bid for the Dutch bank, ABN-Amro. pInShort
A round-up of today's other business stories in brief. p
