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Alphyra plans merger with UK ATM operator
Irish electronic payments group Alphyra has announced plans to merge with UK-listed ATM operator Cardpoint in a move that will see the enlarged entity floated on London's Alternative Investment Market (Aim) in December. p
Nagle to earn €400,000 as chief
Alphyra's proposed merger with Cardpoint will net tidy pay rises for the Irish company's chief executive and its head of finance. p
Cineworld's pretax profits soar
Pretax profits at the company behind the Cineworld multiscreen
cinema complex on Parnell Street in Dublin more than doubled to
€3.3 million last year, according to company accounts just
filed. p
Other Stories
Irish-backed Chinese media firm posts operating loss
Sun 3C Media, a Beijing media company backed by U2 manager Paul McGuinness and developer Seán Mulryan, has reported an interim operating loss of €4.76 million in the six months to June. pO'Brien takes 6% stake in Sterling Energy
Businessman Denis O'Brien has acquired a 6 per cent stake in Sterling Energy, a UK oil and gas exploration company listed on the Alternative Investment Market (Aim) in London. pStrauss-Kahn takes top role at IMF
Dominique Strauss-Kahn, the French Socialist former finance minister, was yesterday appointed managing director of the International Monetary Fund (IMF) having promised to redouble efforts to revive the institution's fading relevance. pPrint firm in takeover talks
Prime Active Capital, the printing and card services group, is "well-advanced" in talks over a possible acquisition that could significantly change its profile. pIrish firms announce deals worth €55m during trade visit to US
The Republic has become the 10th largest provider of foreign direct investment in the US, writes John Collins in Boston pEuro zone shows fresh signs of weakness
The euro-zone economy showed fresh signs of weakness in the face of the global credit squeeze yesterday as a surge in the euro to a new record against the dollar threatened to choke growth further in coming months. pGrowth in mortgage loans hits low point
Growth in mortgage lending fell to its lowest level in more than a decade last month, according to the latest figures from the Central Bank. pCFD clients big losers in turmoil
The "game is over" for private investors using high-risk Contracts for Difference (CFD) products to invest in the stock market, according to the managing director of Bank of Ireland Private Banking. pDanger of US recession 'less than 50/50'
The probability of a recession in the US has increased but is still less than 50/50, former Federal Reserve chairman Alan Greenspan said in comments broadcast yesterday. pIKB repeats losses could hit €700m
German lender IKB Deutsche Industriebank AG, whose near-failure amid the subprime mortgage crisis sent shockwaves through Europe's financial sector, reiterated yesterday that its full-year loss could reach almost $1 billion (€700 million) pMinmet records $12.1m profit
Exploration group Minmet recorded a profit of $12.1 million (€8.49 million) in the first six months of this year, a significant improvement on the $500,000 surplus it posted in the same period of 2006. pMonsoon agrees to £755m management buyout
British clothing retailer Monsoon has agreed to a £755 million (€1.1 billion) management buyout led by its non-executive chairman, Peter Simon. pCarroll increases his stake in ICG
Shares in Irish Continental Group (ICG) reached a new high of €25.75 yesterday after yet more buying by property developer Liam Carroll. pIn Short
A round up of today's other stories in brief... pCautious reaction to charge by financials
You know market traders are having a bad quarter when even a rise of close to 3 per cent in the key financial stocks on the Irish Stock Exchange is greeted with scepticism. p
