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Figures show mortgage lending 'subdued'
Growth in mortgage lending fell to the lowest pace in nearly 14 years last month, as weaknesses in the housing market continued. p
Fás career exhibition to include exhibitors from eastern Europe
UP TO 100,000 people are expected to descend upon Croke Park
over four days to attend the 14th annual Fás Opportunities
career exhibition. The exhibition will include, for the first time,
a significant number of exhibitors from eastern European countries,
writes
Nigel Stirling . p
GCap media rejects £333m offer by rival Global Radio
THE UK'S largest commercial radio group, GCap Media, yesterday rejected an improved offer of £333 million from rival Global Radio, which is backed by a number of wealthy Irish businessman, including JP McManus, John Magnier, Dermot Desmond and Denis Brosnan. Ciarán Hancock , Business Affairs Correspondent, reports. p
Other Stories
Profits at HMV and Waterstone's down
MUSIC RETAILER HMV and its wholly-owned book chain Waterstone's have reported sharply reduced profits in Ireland as consumers turn to online music and publishers engage in promotional pricing. pJameson sues rival over labelling on whiskey distributed in Russia
THE MAKERS of Jameson Irish whiskey have claimed before the High Court that the labelling used on bottles of a rival and cheaper Irish whiskey being distributed in Russia gives customers the false impression the product is part of the Jameson range. pCourt told Ilac owners wanted Dunnes out
THE OWNERS of Dublin's Ilac shopping mall refused Dunnes Stores permission to convert part of its shop in the centre as they wanted to force out the retailer, the High Court heard yesterday. pDublin ranked 13th in rating of world's leading financial centres
DUBLIN HAS jumped nine positions to 13th in a new survey ranking the world's leading financial centres. Simon Carswell , Finance Correspondent, reports. pShanahan records €6.1m profit
SHANAHAN ENGINEERING, the Dublin company that manages the building, maintenance and operation of power and petrochemical plants, made a five-fold increase in profits to €6.1 million in its latest financial year, according to accounts just filed. pNationwide apologises over ATM mix-ups
NATIONWIDE BUILDING society has apologised to more than 7,500 Northern Ireland customers after it discovered a fault which resulted in some ATM transactions not being debited from customer accounts. pCompetition watchdog's M&A workload falls back
THE MERGERS and acquisitions workload of the Competition Authority fell last year after a tightening of the criteria under which such requests can be made, according to the watchdog's annual report published yesterday. pC&C expects to report 9% decline in revenues
CLONMEL-BASED drinks group C&C expects to report a 9 per cent decline in revenues for the year to the end of February when full-year results are published on May 8th. pBlack to begin jail term on Monday
Conrad Black, the former Hollinger International chairman convicted of fraud and obstructing justice, lost a bid to delay the start of his 6½-year sentence and must report to a US prison by Monday. pAppleby office to contribute to legal fee costs
THE OFFICE of the Director of Corporate Enforcement has agreed, in an unusual move, to make a contribution to the costs of the legal action in which a well-known Dublin accountant successfully appealed his restriction as a company director. pPipemaker Wavin issues profit warning
WAVIN, EUROPE'S biggest maker of plastic pipes for sewers, issued a profit warning yesterday on the back of concerns about the housing market in Ireland and Britain. pRyanair attacks subsidies on routes
RYANAIR HAS called on the Government to scrap subsidies for air routes from Dublin to six regional airports, describing them as "extraordinarily excessive and wasteful". pFyffes chief to take top job at VHI from May
FYFFES CHIEF executive Jimmy Tolan is set to take over the helm of State health insurer VHI next May. pBanks to get 25% less if ISTC rescue plan rejected
INTERNATIONAL BANKS, owed €435.6 million by Dublin specialist lender International Securities Trading Corporation (ISTC), will receive nine cent for every euro owed - three cent less than being offered under the proposed rescue plan - if the scheme is not accepted and the firm goes into liquidation. pCRH has bad day as most main players take a hit
YESTERDAY BROUGHT a poor end to a topsy-turvy week on the ISEQ, with the index down 1.6 per cent on the day after negative moves from most main players. pILCU move to resolve Davy perpetual bond row
THE IRISH League of Credit Unions (ILCU) is understood to have moved to resolve issues between Davy Stockbrokers and a number of credit unions over the sale of financial products on which the credit unions are currently nursing losses. pIn Short
A round-up of today's other stories in brief. p
