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Bank of England in bid to ease lending
THE BANK of England has said that it is in discussions with other central banks about how to "ease the strains" in the financial markets, although it is not considering requiring British taxpayers to assume credit risks. p
Qumas refiled accounts show additional €2.65m loss
CORK SOFTWARE firm Qumas has refiled accounts for 2006 with the Companies Registration Office that show it lost $4.1 million (€2.65 million) more than first reported. A handwritten note on the new accounts says "in replacement for a/cs filed in error". p
Cheney in oil talks with Saudi Arabia's King Abdullah
US VICE-president Dick Cheney and King Abdullah of Saudi Arabia
agreed at the weekend that there were structural problems in the
energy markets and discussed ways of stabilising these in the short
term, a senior US administration official said. p
Other Stories
Oil rigs will cost companies up to $600,000 a day
OFFSHORE EXPLORATION companies face daily bills of up to $600,000 for oil rigs for "years to come", according to one leading industry body. pHBOS reveals management buying shares in company
HBOS SAID yesterday that senior management, including executive director Peter Cummings, bought more shares in Britain's biggest mortgage lender, days after it dismissed rumours its balance sheet was in trouble. pInterest reported in Infineum
CARLYLE GROUP and Kohlberg Kravis Roberts are among several private equity firms keen on British biofuel additives producer Infineum, according to a weekend newspaper report. pBank of America may take record €4.2bn provision
BANK OF America, the second biggest US bank by assets, may take a record $6.5 billion (€4.2 billion) provision in the first quarter to cover possible future losses in its home equity and mortgage portfolios, according to Punk Ziegel analyst Richard Bove. pMoriarty report could damage O'Brien, Lowry and Ireland Inc
COLM KEENA/BUSINESS OPINION: AT THE most recent sitting of the Moriarty tribunal, counsel for the businessman Denis O'Brien indicated his client believed the tribunal was going to produce a report that was damaging of him and critical of the way the competition for the State's second mobile phone (GSM) licence was run in 1995. p
