• Bank of England in £50bn plan to boost liquidity

  THE BANK of England yesterday made an almost unlimited offer to acquire UK banks' mortgage-backed securities for up to three years in return for treasury bills. p
  

• King insists initiative is not a bailout for British banks

  ANALYSIS: MERVYN KING, the Bank of England governor, assumed full ownership of the idea behind the Special Liquidity Scheme yesterday, having tapped out the guts of the swap arrangement of UK Treasury bills for mortgage-backed securities on his home computer about a week before Easter, writes Chris Giles in London. p
  

• Eircom rejects claim it should be liable for illegal downloads

  EIRCOM HAS rejected claims by four major record companies that, as the largest broadband internet service provider in the State, it must bear some liability for the illegal free downloading of music by computer users. p
  

• Chairman of Cork Airport Authority to resign

  CORK AIRPORT Authority chairman Joe Gantly yesterday announced that he is to resign from the post at the end of July but insisted that his decision had nothing to do with a recent divisive vote to accept a plan which will see the authority accept a € 113 million loan debt. p
  

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