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Ibec calls for cap on costs of pensions for public servants
EMPLOYERS' GROUP: Ibec has said the Government must move to cap the escalating cost of the provision of public sector pensions and introduce reforms in this area. p
Bank of Scotland Ireland tightens mortgage rules
BANK OF Scotland Ireland has informed mortgage brokers it is no longer offering mortgages for more than 90 per cent of the value of houses being purchased by owner occupiers. p
China's economy, inflation on the up
CHINA'S ECONOMY grew by 10.6 per cent in the first quarter,
compared with the first three months of 2007, despite widespread
disruption from ice storms and power cuts to industry and transport
in January and February. p
Other Stories
CPL says earnings to be 15% lower than forecast
CPL EXPECTED its full-year earnings to be 15 per cent lower than the market's previous consensus forecasts, as a result of a slowdown in recruitment in the financial services sector. pCRH in €109m deal for Ancon
CRH PLC, the international building materials group, has announced it has reached agreement with Tyco International to acquire Ancon Building Products for a total cash consideration of € 109 million (£88 million). pIntel beats forecasts with €6bn first-quarter revenue
INTEL BEAT analysts forecasts with record first-quarter revenues of $9.1 billion ( € 6.07 billion), a 9 per cent increase on last year's corresponding period. That translated into a pre-tax profit of $2.1 billion for the three months to March 29th last, up from $1.8 billion a year ago. pSuperstore threat to North's retailers
THE SPREAD of out of town shopping centres in the North could jeopardise the future of more than 700 shops and in turn up to 7,000 jobs within five years. pIncreasing milk prices boost Dairygold profit
DAIRYGOLD'S OPERATING profits increased by € 21.5 million last year as strong prices for dairy products lifted turnover by 15 per cent to € 625 million. pIncrease in Northern Ireland's labour market
UNEMPLOYMENT HAS fallen in the North in the last three months despite current adverse conditions in the world economy, according to the Northern Ireland Economy Minister. pElan rises on drug trial data
SHARES IN biotech group Elan jumped almost 12 per cent yesterday following a bullish update on patient numbers for its multiple sclerosis drug, Tysabri. pThirdForce's revenues up 35% to €22.8m last year
DUBLIN E-LEARNING firm ThirdForce had a "transformative year" in 2007, largely due to a stronger than expected contribution from US acquisition MindLeaders. pCampbell's brand loss may open can of worms
MEDIA&MARKETING: CAMPBELL'S SOUP is an iconic brand that has been slurped in Irish kitchens for decades. But now the famous canned soups, celebrated in artform by Andy Warhol, are about to disappear from the shops. pDirector asked to write €7m cheque, court told
A COMPANY director told the High Court yesterday he was asked by a solicitor to write a € 7 million cheque related to an € 18 million land deal in Co Offaly although he had told the solicitor he didn't have the funds in his bank account. pBanks and Elan lift Iseq to close 2.65% up at 6,114
Market report: THE ISEQ broke a seven-day losing streak yesterday, breaking back through the 6,000-point barrier. The Irish index followed US and European markets upwards, closing 157.76 points, or 2.65 per cent higher, at 6114.3. Volumes were still light, however, with 27.5 million shares traded overall. pIn short
Today's other stories in brief p
