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Significant economic slowdown forecast
Economic growth would shrink to 1 per cent next year if the construction sector was hit by the kind of downturn suffered in Britain in the late 1980s and early 1990s, a new study has found. p
Cork shipping firm in €38m deal
Cork-based shipping company Mainport has spent €38 million
to acquire British supply vessel firm Havila Rescue. Mainport
expects that the deal will lift its turnover to €80 million
this year. p
One51 raises €150m ahead of grey trading
One51 has completed a €150 million fundraising in advance of launching a grey market in its shares at the end of this month. p
Other Stories
Fallout from Fyffes/DCC case far from over
Business Opinion/John McManus: To paraphrase Gerry Adams, the Fyffes/ DCC insider trading case has not gone away you know. Despite the collective amnesia that has gripped many, the inescapable reality is that the events ran too deep into the upper echelons of Irish business to be brushed under the carpet. pBanks to value Lynn properties
Valuers working for Bank of Scotland (Ireland) and Anglo Irish Bank will this week set about valuing a portfolio of about 40 Irish properties controlled by Michael Lynn, the Dublin solicitor whose assets have been frozen at the request of the Law Society. pConcerns on weakness of US economy likely to set tone for the week
This week: The tone for this week is likely to be set by the comments that emerged from the G7 meeting over the weekend, with concerns over the weakness of the US economy expected to be dominant. Data on Thursday on new home sales in the US will be scrutinised for any hint that the sharp downturn in the housing market is abating. p
