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CRH spent almost €1bn on acquisitions in last six months
Building materials giant CRH has spent close to €1 billion on acquisitions over the past six months. p
Cullen to lose €175m revenues in takeover by Renault
Millionaire motor distributor Bill Cullen will lose annual
revenues of approximately €175 million as a result of
Renault's decision to take control of its Irish franchise from his
group Glencullen. p
FF did not declare Glencullen donation
A €9,330 donation to Fianna Fáil from Renault distributor Glencullen Holdings in 2005 was not mentioned in any of the party's statutory declarations for that year with the Standards in Public Office Commission. p
Other Stories
Managers get green light for Calyx buyout
Shareholders in IT services group Calyx have voted in favour of a management buyout of the company led by chief executive Maurice Healy. pCapvest buyout of Mater Private backed by AIB
AIB has emerged as financial backer to UK private equity firm Capvest in its €350 million buyout of the Mater Private Hospital in central Dublin. pUS company alleges fraud and conspiracy at Irish branch
Three Irish businessmen abused their positions as directors or employees of the Irish branch of a US-based office products company, the High Court was told yesterday. pBig boost for Irish unit of State Street
The Irish unit of fund administration group State Street expects to have as much as $600 billion (€440.5 billion) under management by the end of this year after its US parent completed its $4.5 billion takeover of Investors Financial Services, a firm with significant Irish interests. pSurvey contradicts State figures on housing land
A new survey claims that Government figures on the availability of housing land are wrong. pSlower growth is sign of new era, says ESRI
Analysis: ESRI thinks economy weill achieve a soft landing after years of flying high, writes Paul Tansey pWarning on falling house prices
Property Up to 60 per cent could be wiped off the real value of houses over the next eight years if the Republic's housing market follows the same pattern as those in other countries, a new paper suggests. pProposed solution to crisis may leave savers down 20%
Pensions The proposal to introduce individual retirement accounts to solve the pensions crisis offers poor value for savers, a new paper claims. pNew solvency code to benefit large insurers
European insurance groups such as Allianz and Axa are set to benefit from a radical overhaul of European Union regulation that will place them under the scrutiny of a single "group supervisor" and potentially free up some of their capital. pInvestment into Ireland up 10%
Inward investment to Ireland rose by 10 per cent as the number of investment projects increased to 74 in 2006, according to the latest annual Ernst & Young European Investment Monitor (EIM). pNCB figures show manufacturing boost
Growth in the manufacturing sector hit a nine-month high in June, driven by higher new order volumes, according to the latest NCB purchasing managers' index (PMI). pSignificant decline in corporate failures
There was a significant drop in the number of corporate failures in the first half of 2007 compared to last year, according to latest statistics from consultants Farrell Grant Sparks (FGS). pWaterford raises €100m
Sir Anthony O'Reilly and his brother in law, Peter Goulandris, own 83.4 per cent of Waterford Wedgwood's preference shares following a placement that raised €100 million. pIn Short
A round-up of today's other stories in brief. pSome gains in slow trading day on Iseq
Trade was slow on the Dublin market yesterday as activity in the US wound down ahead of that country's July 4th national holiday tomorrow. p
