Previous Day
Profits up at Lowry's refrigeration firm
Michael Lowry's refrigeration installation and maintenance
business made a pre-tax profit of €472,568 last year, a
significant improvement on the previous year, according to accounts
lodged recently with the Companies Registration Office. p
Elan's shares rise after move to sell by partner
Shares in biopharma group Elan jumped sharply yesterday on news that its US partner in the Tysabri multiple sclerosis drug programme had put itself on the market. p
Three share Nobel prize
Three US economists who established and developed theories
governing how trade between two individuals or companies takes
place and how it can be optimised have won the Nobel Prize in
Economics. p
Other Stories
Cowen likely to cut growth figure
Minister for Finance Brian Cowen is likely to revise downwards the Government's forecast for economic growth this year in his Pre-Budget Outlook on Thursday, a new annual statement that replaces the traditional budget Estimates document. pIsme calls for household water charges
Minister for Finance Brian Cowen should take steps in the Budget to levy water charges on households, a business lobby said yesterday. pIon Equity emerges as unsolicited Reox bidder
Dublin private equity firm Ion Equity has emerged as the suitor behind an unsolicited bid for the consumer foods unit of Reox Holdings, which is speculated to have a valuation in excess of €200 million. pNorth hosts business leaders from US
A delegation of US business executives arrived in the North yesterday as part of a scouting mission ahead of a major investment conference in Belfast next spring. pNorthern Ireland dairy group reports increase in pretax profits
United Dairy Farmers, the Northern Ireland-based owner of the Dale Farm brand, has reported pretax profits of £3.08 million (€4.43 million) in the year to March, up from £2.17 million in the previous year. pUnited Drug to pay up to $10.5m for US company
Dublin-based United Drug has completed its first acquisition in the United States by agreeing to pay up to $10.5 million for Alliance Healthcare Information in Pennsylvania. pMoonduster, Carroll increase ICG holding
Property developer Liam Carroll and the Philip Lynch-led Moonduster consortium have increased their shareholdings in Irish Continental Group. pAbbey launches $40m macro fund
A low profile Dublin-based hedge fund investment management firm headed by a former AIB executive has just launched a $40 million Malta-domiciled macro fund, adding to the $1 billion the company already has under management. pSuperfund to take on assets of troubled investment vehicles
Signs of relief were seen in the credit markets yesterday following news of plans to launch a superfund that will take on the assets of troubled investment vehicles. pHazardous chemicals in iPhone, says Greenpeace
Apple's iPhone contains hazardous chemicals and materials that are difficult to recycle, the environmental group Greenpeace has claimed. pPetroceltic buys BG Italia's Po Valley permits
Petroceltic International has acquired BG Italia's interests in five exploration permits in the Po Valley region of Italy. pWave energy model begins to generate power
A wave energy prototype has begun generating electricity during trials in Galway Bay. pBanks main losers as property slows
Dublin report: The banks were the main losers in Dublin yesterday with the negative sentiment surrounding the Irish property market continuing to weigh on shares. pIn Short
A round-up of today's other finance stories in brief p
