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Goodman takes 50% stake in Longford's C&D Foods
MULTI-MILLIONAIRE beef processor Larry Goodman has taken a 50
per cent stake in C&D Foods, the Co Longford pet food business
owned by two sons of former taoiseach Albert Reynolds.
Arthur Beesley, Senior Business Correspondent,
reports. p
Mangans to net €45m in sale of food wholesaler
THE MANGAN brothers - Gabriel, Terence and Leo - are set to share in a near €45 million windfall after agreeing yesterday to sell their Ennis-based wholesale group to rival BWG. p
BofI reduces forecast for economic growth to 3%
BANK OF Ireland has cut its economic growth forecast due to a more severe slowdown in the housing sector but still expects the economy to grow by 3 per cent this year, buoyed by strong exports. Simon Carswell , Finance Correspondent, reports p
Other Stories
Goodman's C&D investment a boost for Reynolds firm
BACKGROUND It's been over a decade since beef tribunal investigated Goodman's dealings with Albert Reynolds pRyanair senior executives to have pay frozen this year
MICHAEL O'LEARY and 35 other senior executives at Ryanair will have their pay frozen in 2008 as the airline implements a €400 million cost-cutting programme to cope with an "enormous" increase in fuel costs. pGerman business confidence gets boost
THE GERMAN economy has shrugged off the global credit crisis and the US economic slowdown to show a rise in confidence in March. pECB chief sees no reason to reduce interest rates
THE EUROPEAN central Bank (ECB) chief Jean-Claude Trichet yesterday indicated that he does not see the need to reduce interest rates, referred to ongoing inflationary pressures posed by the risk of further rises in energy and food prices. pICS records 6% rise in pretax profits to more than €138m
BANK OF Ireland-owned mortgage lender ICS Building Society recorded a 6 per cent increase in pretax profits to €138.1 million in 2007, a decline from the 14 per cent rise in profits posted the previous year, as lending slowed. pRegulator to examine ISE dealings
THE FINANCIAL Regulator is preparing to examine share dealing records stored by the Irish Stock Exchange and the London exchange in its inquiry into "false and misleading" rumours about the fiscal position of Anglo Irish Bank and other Irish financials. pStandard & Poor's warn of threats to Irish bank profits
SLOWER LENDING and the management of difficult long-term funding conditions will threaten Irish bank profits, according to a report by debt ratings agency Standard & Poor's (S&P). pValue of CREO properties up 11%
THE VALUE of Treasury Holdings-backed China Real Estate Opportunities' (CREO) properties grew 11 per cent to more than stg£600 million by the end of 2007, the company said yesterday. pWhole new ball game for GAA's team of sponsors
MEDIA AND MARKETING: THE NEW sponsorship arrangement for the GAA football and hurling championships sees six commercial sponsors instead of two. The deal means millions of euros for the GAA. Now though the sponsors are presented with the problem of achieving "cut-through" in a much more crowded field. pIseq retreats by 1.6% as bears make a comeback
Market Report: THE BEARS were back on the Irish stock market yesterday, as the Iseq index fell 1.6 per cent and came off worse than the major European markets. pIn Short
A round-up of today's other stories in brief. p
