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  • 35,000 jobs to go in housing sector, says Davy

    Davy Stockbrokers says the housing sector is on the brink of a significant adjustment, with the number of housing completions likely to fall in the second half of the year. A slowdown in the number of new houses being built will lead to 35,000 job losses in the construction industry by the end of next year, according to a new report by Davy Stockbrokers. p

  • Depfa employees set to share €144m payout

    Three hundred IFSC-based employees of Depfa Bank and 350 of their international colleagues stand to receive up to €144.23 million in cash and shares as a result of the group's €5.7 billion sale to investment bank Hypo Real Estate. p
Other Stories

  • Vodafone defeats ECS on Verizon

    A clear majority of Vodafone investors yesterday backed management in rejecting a rebel shareholder's call for the mobile phone operator to gear up and spin off its minority stake in Verizon Wireless, the US mobile group. p

  • Commissioner to press ahead with tax harmonisation plan

    One of the most powerful members of the European Commission, Günter Verheugen, has vowed to press ahead with a plan to harmonise the corporate tax base in Europe. p

  • Profits at EMC rise 20%

    Data storage company EMC has reported almost a 20 per cent jump in profits for the second-quarter to the end of June. The company had net income of $334.4 million compared to $279.1 million a year ago. EMC had revenues of $3.12 billion driven by what it said was "double-digit growth" in its systems, software and services businesses in all markets in which it operates. p

  • Nestlé makes profit of €6.3m

    Nestlé made pretax profits of €6.31 million at its Irish unit last year, a period in which the food giant closed its chocolate crumb manufacturing plant in Mallow, Co Cork. p

  • €1.2bn tax shortfall forecast

    Tax revenues will undershoot Government forecasts this year by at least €1.2 billion, according to Davy Stockbrokers. The shortfall will be due largely to lower than expected returns from two property-related taxes - stamp duty and capital gains tax. p

  • Franchise turnover close to €2.1bn

    Turnover in the franchise sector in Ireland has reached nearly €2.1 billion, according to a new survey of the sector conducted by Franchise Direct. p

  • Apple iPhone could be 'open to hackers'

    The iPhone and Apple's desktop computers may be vulnerable to hackers due to a flaw in their web browser, according to a security firm, which said it found a way to hack into the iPhone. p

  • ComReg warns Eircom

    Communications regulator ComReg has formally notified Eircom that it is favouring its retail division over other operators when it comes to facilitating customers moving premises. p

  • Former Marbella mayors on fraud charges

    A Spanish judge yesterday charged two former mayors of Marbella and 20 former town councillors with bribery, graft, embezzlement and fraud in connection with a corruption scandal linked to Spain's property boom. p

  • Fyffes confirms EU scrutiny

    The European Commission yesterday served a "statement of objections" on fruit importer Fyffes over its role in an alleged price-fixing cartel. p

  • Qatar-backed fund makes supermarket sweep for J Sainsbury

    London Briefing: Rarely has there been as colourful a cast of characters as those who hold the future of Britain's third-largest supermarket chain in their hands. p

  • More than €2bn wiped off Irish market

    Dublin report: More than €2 billion was wiped off the value of the Irish market yesterday as negative sentiment around the world helped push the index to closing levels not seen since December. p

  • In Short

    A round-up of today's other stories in brief p
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