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Ryanair in threat to sue EU on aid issue
Ryanair is threatening to sue the European Commission for what it says is a failure to tackle state aid to some of its rival airlines, writes Barry O'Halloran p
O'Brien's Digicel declares revenues of $1.13bn
Telecoms tycoon Denis O'Brien has declared annual revenues of $1.13 billion (€823.5 million) at his Caribbean mobile phone empire Digicel. Profits before tax and finance costs amounted to $220 million. p
Rehab investment race under way
Investment managers probably do not need much advice from
authors about investing in stocks - particularly that dispensed by
Mark Twain. p
Other Stories
Arnotts gets go-ahead for €750m plan
Arnotts has secured planning permission for a €750 million redevelopment of its extensive landholding between Henry Street and Middle Abbey Street in Dublin. pEircom management to table new proposal to avert strike
Eircom management will table new proposals to unions today in a bid to avert a strike which could paralyse the Republic's fixed-line telephone network. pIrish developer boosts US interests
Irish developer Gerard O'Hare has boosted his US interests with two investments in the New York commuter belt valued at over $250 million (€182 million). pKenmare group chief seeks removal of audit chairman
Kenmare Resources chairman Charles Carvill has called a special board meeting today to remove businessman Donal Kinsella as chairman of the audit committee at the mining and exploration group. pIrish unit of M&S set for €600m in sales
Marks & Spencer's Irish unit is on course to increase annual sales to nearly €600 million this year following a 14 per cent rise in revenues in its first fiscal quarter. pCowen dismisses housing slump fears and says economy on sound footing
Minister for Finance Brian Cowen has dismissed fears of a slump in the housing market and said public finances remain on a sound footing. pSigns of slowdown worry retailers
London Briefing: As interest rates rose last week to their highest levels in 6½ years, signs of a slowdown in the UK economy are coming thick and fast. pIn short
Today's other stories in brief pStocks tumble on bad news from US
Dublin report: The Iseq plummeted by 1.5 per cent yesterday as a host of leading stocks tumbled in line with the rest of Europe on the back of bad news from across the Atlantic. p
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