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Previous Day
PFPC paid inducement to occupy office
The developers of the Riverside Two office block at the south docks in Dublin paid a $5.42 million (€4.57 million) "inducement" to US finance firm PFPC for a long lease to occupy four floors of the building, new filings reveal. p
Kenmare profits from Mozambique mine
Irish mining and exploration company Kenmare Resources will post
revenues of $125 million (€93 million) next year, its first
full year of operation, its chief executive Michael Carvill said
yesterday. p
Injunction continued to prevent broker's dismissal
The High Court has continued a temporary injunction preventing investment firm Bloxhams from dismissing a stockbroker who has claimed his original terms of employment were radically changed. p
Other Stories
CRH bond issue to raise €1bn in debt
Building materials giant CRH is set to raise about €1 billion in debt from the issue of a bond. pNew EU code will cut red tape for exporters
A decision to cut red tape for exporters and simplify the rules governing customs operations throughout Europe has been welcomed by Minister for Enterprise, Trade and Employment Micheál Martin. pUS trial of Cork man on fraud charges postponed
A Cork businessman due to go on trial for fraud has had his trial postponed until September. pBank of Ireland takes prime role in refinancing UK turkey business
Bank of Ireland has taken a prime role in the refinancing of Bernard Matthews, the struggling British turkey business that was blighted by avian flu this year. pPremiums to fall further, says PIAB
Insurance premiums will be driven down by a significant drop in the cost of processing accident claims, according to the Personal Injuries Assessment Board (PIAB). pEuro world's favourite form of cash
Euro notes have become the world's favourite form of cash because of Europeans' financial habits rather than international demand for the young currency, according to a European Central Bank (ECB) study released yesterday. pFinanciers buy major UK radio station
Financiers John Magnier, JP McManus, Dermot Desmond and Denis Brosnan have agreed to buy Chrysalis Radio for £170 million (€252.3 million) in a deal that gives them command of the third-largest commercial radio business in Britain. pMost feel financially secure, firm finds
Despite market commentators talking down the economy, most Irish people feel financially secure, according to life and pensions company Standard Life. pFBD shares fall on fears competition may hit sales
Shares in insurance group FBD were down by as much as 7 per cent at one point yesterday after the company said intense competition may hurt policy sales. pBear Stearns sees shares mauled again
US stocks fell yesterday after trading higher for most of the session as oil futures edged up close to $70, and on worries that there may be more fallout from problems in the subprime mortgage market. pIrish-owned firm to spend over €600m on Chinese properties
The Johnny Ronan and Richard Barrett-backed China Real Estate Opportunities (CREO) is set to spend over €600 million on properties in Shanghai, Beijing and other centres. pIndustry pins hope on mobile advertising
The launch of iPhone this week has created excitement about the future of the mobile phone, writes Richard Waters pIn short
A roundup of today's other stories in brief pC&C shares drop on falling cider sales
Dublin report: It was a volatile day in the Irish market yesterday with last week's sell-off continuing in the early part of the day before investors took advantage of the declines and buying activity helped push the index back up. p
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