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IN&M to acquire 'Sligo Champion' newspaper
Independent News & Media has agreed to acquire the Sligo Champion newspaper subject to the completion of due diligence and regulatory approval. p
Zetar pays up to €8m for Lir Chocolates
Navan-based Lir Chocolates has been acquired for up to €8
million by Zetar plc, a UK publicly quoted holding food group. p
Kingspan shares close 21% down
Shares in the Cavan-based building materials group Kingspan fell as much as 25 per cent yesterday after it said profit growth will slow in 2008 due to "more challenging" construction markets in the UK, the Republic and western Europe. p
Other Stories
EU court ruling may affect national pay talks
The EU's highest court yesterday ruled that Swedish trade unions cannot force a foreign company to observe local pay deals in a landmark ruling set to affect labour rights throughout the European Union. pECB pumps in €348.6bn to calm markets
Short-term market interest rates in the eurozone plunged at their fastest rate for more than a decade yesterday after the European Central Bank (ECB) stunned investors by pumping a record €348.6 billion ($502 billion) worth of funds into the markets. pEU states urged to act on mortgage harmonisation
The European Commission has unveiled plans to create more integration in the European mortgage market, but maintains the threat of legislation if member states fail to take concrete action. pMoscow duty-free contracts for Aer Rianta
Aer Rianta International has been awarded a seven-year contract to operate duty-free shops at the new Terminal 3 in Moscow's Sheremetyevo Airport. pFirms' sentiment hit by credit crunch
The credit crunch is denting the confidence of Irish companies, but firms remain more upbeat about their own businesses than they are about the outlook for the wider economy, according to a new report. pVHI tells court of concern at 'risk selection'
The VHI has expressed concerns to the High Court that new companies in the health insurance market, while not making "risk equalisation" payments to the VHI pending the outcome of legal challenges in the Irish and European courts, are actively engaged in "risk selection". pMinister reaffirms NI growth pledge
Minister for Enterprise, Trade and Employment Micheál Martin will help Northern Ireland with any measures to benefit its economy following the British government's rejection of calls to bring the North's corporation tax rate into line with that of the Republic. pIrish firms projected to generate €1bn in new exports by year-end
Irish firms will have generated €1 billion in new export sales by the end of the year, State development agency Enterprise Ireland (EI) claimed yesterday. pREO seeks to change corporate structure
Real Estate Opportunities, the Dublin- and London-listed property company controlled by Treasury Holdings principles Richard Barrett and John Ronan, is seeking to change its corporate structure to reflect its transformation into a property holding company. pNintendo concedes struggle in supplying key products
Nintendo has admitted what parents of video game playing
children have know for months: the company is struggling to meet
demand for its Wii video game console and DS hand-held device and
is unlikely to be able to do so anytime soon. pHerro confident BoI will bounce back
An activist US fund manager which has been increasing its stake in Bank of Ireland in recent months says it is a long-term value investor in the bank and believes the stock will be "worth significantly more than today's depressed price". pTreasury's Northern Rock bailout
Nationalisation moved a step closer for Northern Rock yesterday after the UK Treasury extended guarantees to the stricken bank. pIn Short
A roundup of today's other news stories in brief pKingspan collapse echoes uncertainty
Dublin report: The parlous state of the Irish market was starkly illustrated by the collapse in the share price of Kingspan yesterday following a trading statement that stated "present market conditions leave it difficult to guide for the coming year". pM&S to party after ruling on its teacakes gives Revenue indigestion
London Briefing/Fiona Walsh: It has often been observed that her majesty's revenue and customs (HMRC) does not know its elbow from another part of its anatomy. It certainly doesn't know a biscuit from a teacake - a mistake that could end up costing the British government £3.5 million. p
