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  • Moonduster consortium buys up 500,793 shares in ICG battle

    The Philip Lynch-led Moonduster consortium told the stock market yesterday that it acquired 500,793 shares in Irish Continental Group (ICG) on September 21st for €25.20 each in cash and the offer of a top-up payment over the next 18 months. p

  • Plan for new cost savings at Aer Lingus

    Aer Lingus will confirm over coming days its intention to press ahead with the implementation of a controversial cost saving plan at the airline. p

  • Nissan dealer EP Mooney posts pretax losses of €1.7m for 2006

    EP Mooney, the family-owned Nissan dealership, suffered a pretax loss in 2006 of €1.7 million on a turnover of €108.7 million, according to accounts filed with the Companies Office. p

  • Builders facing fines on pension defaults

    More than 140 builders are facing prosecution for failing to contribute a total of €1.5 million to the industry's statutory pension scheme. p

  • Strauss-Kahn planning IMF reforms

    The International Monetary Fund should no longer act as the "gendarme" of the global economy and must reform itself to restore its relevance and legitimacy, according to Dominique Strauss-Kahn, the incoming managing director. p

  • Video link between US and Irish courts makes history

    Legal history was made yesterday when an Irish businessman accused of involvement in a corporate accounting scandal was arraigned by a US federal judge via international satellite video link. p

  • European investment banks reveal losses

    European investment banks were yesterday forced to reveal the heavy damage inflicted on their profitability by the recent turmoil in financial markets. p

  • BBC Worldwide acquires Lonely Planet for £100m

    BBC Worldwide has signalled its ambition to compete with the world's largest media companies with the acquisition of Lonely Planet, one of the world's best-known publishers of travel guides. p

  • Resource buys firm for £22m

    Irish cleaning and security services group Resource has acquired Pall Mall, a subsidiary of UK-quoted Carillion, for £22 million (€31.6 million) in cash. p

  • Shares in Northern Rock fall 26% on sale fears

    Shares in beleaguered British bank Northern Rock Plc fell another 26 per cent yesterday, the 10th anniversary of the former building society's stock market listing, amid fresh concerns of a sharply discounted sale. p

  • McCreevy not to back single mortgage plan

    EU Internal Market Commissioner Charlie McCreevy will not propose a mandatory shake-up to create a single mortgage market when he unveils his long-delayed policy paper in December, an industry source said yesterday. p

  • Skype falls short of eBay's hopes

    Ebay yesterday conceded that its controversial acquisition of internet telephone service Skype had fallen short of its hopes, as it wrote down the value of its investment in the firm by $1.4 billion (€983 million), or almost 50 per cent. p

  • IT firm Version 1 to create 80 new jobs

    Irish information technology services firm Version 1 says it will create at least 80 new jobs over the next 18 months, bringing total staff levels to 250. It also expects turnover for this year to increase by 50 per cent to €15 million. p

  • Manufacturing growth rate resilient

    Activity in the manufacturing sector expanded last month at its fastest pace since July 2006, the latest NCB Purchasing Managers' Index has shown. p

  • In Short

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

  • Iseq manages to outperform its peers

    The Irish market climbed for its fourth consecutive session yesterday, adding 1.3 per cent to close at its highest level in more than two weeks. p
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