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Vodafone to acquire Perlico
Vodafone has agreed to acquire Dublin-based fixed-line telecoms provider Perlico for up to €80 million in a move aimed at giving it a full offering of mobile, broadband and fixed-line telephone services. p
An Post to keep lucrative welfare contract
Europe's highest court has ruled the Government does not have to put out to tender a €52 million annual contract with An Post for the supply of welfare payments. p
Watchdog to seek disqualification orders in DCC case
The director of corporate enforcement will ask the High Court to consider making disqualification orders arising from the Supreme Court decision that DCC chief executive Jim Flavin engaged in unlawful insider dealing when he sold the DCC stake in Fyffes in early 2000. p
Other Stories
Phone firm keeps an eye on bigger picture
Purchase of Perlico shows mobile giant knows it must expand, writes Ciarán Hancock pEU plan to cut powerof dominant telecoms
European communications commission Viviane Reding yesterday unveiled proposals to reduce the market power of dominant telecoms companies such as Eircom and enhance the protection and rights of consumers across Europe. p€2.24m pretax profit for Norkom
Financial crime and compliance solutions company Norkom yesterday reported a pretax profit of €2.24 million for the six months ended September 30th, a 27 per cent increase on the same period last year. pPretax profits at Gama's Irish arm reach €10m
The Irish subsidiary of Turkish construction giant Gama recorded a pretax profit of €10 million last year, according to accounts returned to the Companies Office. pStrong revenue growth for Celesio
German pharmaceutical group Celesio has reported strong revenue growth at its Irish operations in the first nine months of the year. pJob loss fears at Cemex
The housing slowdown and increased competitive pressures are likely to force the closure of the Cemex plant in Naas, Co Kildare, with the loss of up to 50 jobs. pSmurfit says Asia demand behind revenue rise
Strong demand in Asia and increased prices boosted earnings and cashflow at packaging manufacturer Smurfit Kappa during the first nine months of the year, the group said yesterday. pEU fails again to agree VAT reform
EU finance ministers meeting in Brussels yesterday once again failed to agree reform of the way VAT is applied in the EU, after another veto by Luxembourg. pWorld Bank development fund talks
Senior Department of Finance officials met their counterparts from the world's richest nations in Dublin yesterday for talks on how much they would contribute to the World Bank's next development fund for poor nations. pDrug company claims trademark infringement
An international pharmaceutical company has brought a legal action here, claiming its trademark for a drug to treat osteoporosis has been infringed by an Irish company importing the drug from Britain. pCasinos may be used to launder money - report
An international financial watchdog has warned that casinos in the Republic could be used for money laundering unless they are regulated. pBSkyB stake sees ITV price come crashing down
London Briefing: As shares in commercial broadcaster ITV crumble to fresh lows almost daily, the honeymoon period for executive chairman Michael Grade can be declared officially over. pIn short
A round-up of today's other stories in brief pFinancials continue to recover ground
MARKET REPORT: The Irish market had its third positive day in a row yesterday, as benign international markets gave the Irish financials a chance to shine. p
