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  • Banking concerns drive Iseq to lowest level in 15 months

    Traders working the floor of the New York Stock Exchange yesterday. Stocks were down slightly in morning trading. The Irish market fell to its lowest level in more than 15 months yesterday as negative sentiment in the global banking sector weighed heavily on the index. The Iseq index of Irish shares had almost €2 billion wiped off its value as it fell more than 2 per cent to 7,458, its lowest closing level since July 2006. p

  • Papers in Lynn case referred to fraud squad

    A High Court judge has ordered that legal documents relating to solicitor Michael Lynn's dealings with First Active plc should be sent to the Garda National Bureau for Fraud Investigation. p

  • GARDA: files to be studied

    Garda sources last night told The Irish Times that any material referred by the courts to the Garda National Bureau of Fraud Investigation would be carefully studied. p
Other Stories

  • Banks seek €20m from solicitor in court actions

    Three banks will seek judgment of about €20 million in total from solicitor Thomas A Byrne in separate proceedings that will come before the Commercial Court later this week. p

  • Ryanair shares fall despite profit rise

    Ryanair's shares fell by 3.6 per cent in Dublin yesterday in spite of the airline producing better-than-expected second quarter results and raising its net profit guidance for the year to the end of March by €30 million. p

  • Credit market turbulence could last for months

    Fears are rising in the credit markets that turbulence could last for months as big US and European banks come under pressure due to losses on US mortgage securities. p

  • Building society pulls out of EBS project

    British building society Britannia has pulled out of a proposed joint venture with the EBS to establish a separate subsidiary that would sell mortgages through brokers. p

  • Cova assets at end of 2006 top €500m

    Property developer Cova's assets topped €500 million at the end of last year, according to the latest figures. p

  • Services sector growth rebounds

    Growth in the services sector picked up last month after hitting a four-year low in September, though the rate of growth remained slower than the sharp increases recorded throughout 2006, new figures released yesterday showed. p

  • Blackrock buys Scottish campus

    Blackrock International Land, the Fyffes property spin-off, has expanded its foothold in the Scottish property market with the acquisition of a college campus for a total of £24.2 million (€34.8 million). p

  • Examiner for iQon Technologies

    The High Court has appointed an examiner to iQon Technologies Ltd, a Co Louth-based company which manufactures and deals in computers and computer parts and employs 108 people. p

  • In Short

    A roundup of today's other news stories in brief p

  • Housing market has serious attack of the jitters after summer frenzy

    Belfast Briefing: Anyone buying or selling a house this week in the North may want to wait until after midday on Thursday before ordering lunch, writes Francess McDonnell p

  • More uncertainty wipes €2bn from Iseq

    Dublin report: The Iseq index took another battering yesterday, with a further €2 billion wiped off its value as it closed at its lowest level in more than 15 months. p
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