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House prices show signs of stabilising, says NIB
HOUSE PRICES in the Republic are showing signs that they are
about to stop falling, National Irish Bank said yesterday. p
IMF puts credit crisis cost at $1,000bn but says worst is over
THE FINANCIAL sector faces potential losses of nearly $1,000 billion as a result of the credit crisis, the International Monetary Fund said yesterday, warning of further losses and writedowns on prime mortgages, commercial real estate, leveraged loans and consumer finance. p
Londis in forecourt deal with Texoil for 20 stores
WHOLESALE FOOD and drinks group ADM Londis has signed a deal with fuel distributor Texoil to operate forecourt shops at 20 new Texaco service stations. p
Other Stories
Fingleton got 26% rise to take earnings to €2.313m
IRISH NATIONWIDE chief executive Michael Fingleton received a 26 per cent pay rise in 2007, earning €2.313 million - €477,000 more than in 2006 - on the back of a 64 per cent increase in pretax profits to €391 million at the building society last year. pLast lender of 100% mortgages plans to restrict conditions for loans
THE LAST mainstream lender to offer 100 per cent mortgages to borrowers in general is expected to make a formal announcement in the coming days limiting the product to certain borrowers. pAer Lingus may take court action with Ryanair
AER LINGUS is considering joining forces with Ryanair in launching a legal challenge to the aviation regulator's decision to allow the Dublin Airport Authority (DAA) to raise the cost of check-in desks by 56 per cent. pMorgan Stanley chief predicts near-term end to subprime trouble
THE CHAIRMAN and chief executive of Morgan Stanley has sounded a rare note of optimism on the credit crunch, predicting a near-term end to the troubles in the US subprime and leveraged loans markets and saying the crisis could be over within six months. pValue of Q1 takeover deals plunges 30% to €2.9bn
THE VALUE of Irish takeover deals plummeted by 30 per cent to €2.9 billion in the first three months of the year, the latest figures show. pMan tells court he incurred serious financial losses on Spanish property deal
A MAN has claimed before the High Court that he sustained serious financial losses of some €540,000, plus lost expected profits of up to €300,000, because of the conduct of a company director and three companies related to his investment in property in Spain. pGetmobile makes profits of €2.7m after €54m loss
Dublin and London listed Getmobile increased sales by 58.5 per cent to €100.8 million last year according to preliminary results released yesterday. pBlueprint for vibrant NI economy put forward by Institute of Directors
A BLUEPRINT for a new Northern Ireland economy which envisages a vibrant private sector, a highly-skilled workforce and a flourishing tourist industry has been published by a group of business leaders. pZamano plans to double revenues to more than €50m
MOBILE DATA services provider Zamano is planning to double revenues this year to more than €50 million. pEADS aware of risks to profits, say investigators
TOP EXECUTIVES and core shareholders of EADS were aware as early as June 2005 that profits in the group's core Airbus subsidiary faced a "probable decline over the medium to long-term", according to a report by the French stock market regulator, which is alleging huge insider dealing at the Franco-German group. pSmall business owners cash in to beat tax changes
LONDON BRIEFING: BRITAIN'S small business owners have cashed in on their companies in an unprecedented flurry of deals ahead of new tax legislation that came into force at the start of this week, writes Fiona Walsh pAnglo Irish among losers as financials dragged down
MARKET REPORT: POORLY PERFORMING financial stocks in London and Europe dragged down the Irish banks yesterday, leaving the market in negative territory following the close of business. pIn Short
Today's other business news stories in brief p
