IrishExaminer.com Business

Heineken cheer for British beer market

IrishExaminer.com — Sat, 07 Nov 2009 12:00:00 GMT

Amsterdam: Heineken’s chief executive said the British beer market has “turned the corner” after the “unfortunate timing” that saw the Dutch company become Britain’s biggest brewer in a merger almost two years ago.

Apple opens first French store

IrishExaminer.com — Sat, 07 Nov 2009 12:00:00 GMT

Paris: Apple, maker of the iPhone and iMac computer, opens the doors tomorrow to its first store in France, sharing a home with Leonardo da Vinci’s Mona Lisa at the Louvre museum.

Records warning for web giants

IrishExaminer.com — Sat, 07 Nov 2009 12:00:00 GMT

Brussels: Google, Microsoft and Yahoo! must limit the amount of time they keep internet-search records and can’t justify keeping the information beyond six months, European Union officials probing possible breaches of EU privacy laws said.

Aer Lingus long-haul numbers fall 26%

IrishExaminer.com — Sat, 07 Nov 2009 12:00:00 GMT

LONG-haul passenger numbers at Aer Lingus continued to plunge last month, while British Airways was preparing to cut thousands of jobs.

Flahavans to invest €1.6m in Waterford mill

IrishExaminer.com — Sat, 07 Nov 2009 12:00:00 GMT

FLAHAVANS, which supplies 65% of the porridge consumed at our breakfast tables daily, is embarking on a €1.6 million investment in its mill in Kilmacthomas, Co Waterford, home to the business for the past 200 years.

Market makes moderate gain

IrishExaminer.com — Sat, 07 Nov 2009 12:00:00 GMT

THE ISEQ index added a small gain of 6.67 to close at 2,971.96 yesterday.

Cork ‘has potential’ to become world leader in the production of medicine

IrishExaminer.com — Sat, 07 Nov 2009 12:00:00 GMT

CORK has the potential to have the same reputation as a producer of medicine as Switzerland does for watches.

IFG hopes to cut debt by €5m

IrishExaminer.com — Sat, 07 Nov 2009 12:00:00 GMT

FINANCIAL services group IFG is hopeful of reducing its net debt levels by around €5 million by the end of this year.

Ulster Bank still ‘core part of RBS’

IrishExaminer.com — Sat, 07 Nov 2009 12:00:00 GMT

ULSTER Bank chief executive Cormac McCarthy has stressed that the company remains a core part of parent group Royal Bank of Scotland (RBS), despite the Irish bank posting operating losses of £85 million (€97m) for the third quarter of the year.

Bord Gáis signs Micro-CHP deal

IrishExaminer.com — Sat, 07 Nov 2009 12:00:00 GMT

Cork: Bord Gáis has signed a €1.8 million deal with Ceres Power to provide small-scale combined heat and power (Micro-CHP) products to the residential market.

Kenny to meet business chiefs

IrishExaminer.com — Sat, 07 Nov 2009 12:00:00 GMT

Cork: Fine Gael leader Enda Kenny will meet Cork business leaders on Friday next in the fourth of a series of meetings with business leaders around the country in the coming weeks.

7.9% contraction predicted this year

IrishExaminer.com — Sat, 07 Nov 2009 12:00:00 GMT

Dublin: Ireland’s economy is projected to contract by 7.9% in 2009 and a further 1.8% in 2010, according to PwC’s latest Economic Outlook.

Ryan appointed to IL&P board

IrishExaminer.com — Sat, 07 Nov 2009 12:00:00 GMT

Dublin: The chairman of Irish Life & Permanent, Gillian Bowler, has announced that Pat Ryan will be appointed to the board as a non-executive director effective from the next board meeting on December 15.

Election candidate insists IFA must focus on gaining equality for farmers

IrishExaminer.com — Sat, 07 Nov 2009 12:00:00 GMT

ENSURING that farmers are treated as equal partners with government, processors and retailers must dominate the Irish Farmers’ Association agenda over the coming years.

State ‘must focus on organic food sector’ to ease agricultural crisis

IrishExaminer.com — Sat, 07 Nov 2009 12:00:00 GMT

AGRICULTURE is in crisis and there is a lack of vision from the mainstream farming organisations and the state as to what direction it should take, the Irish Organic Farmers and Growers Association has claimed.

Shell Ireland receives €90m from parent firm to complete Corrib gas works

IrishExaminer.com — Sat, 07 Nov 2009 12:00:00 GMT

SHELL Ireland has received a €90 million cash injection to complete its controversial works to allow gas be taken from the Corrib gas field.

Gilmartin elected to succeed Thompson as president of the ICSA

IrishExaminer.com — Fri, 06 Nov 2009 12:00:00 GMT

SLIGO farmer Gabriel Gilmartin has been elected president of the Irish Cattle and Sheep Farmers’ Association (ICSA).

Smith: Co-financing of payments under CAP unaffordable for Ireland

IrishExaminer.com — Fri, 06 Nov 2009 12:00:00 GMT

THE notion of co-financing of direct payments to farmers under the Common Agricultural Policy would obviously be unaffordable for Ireland in current circumstances and also for many other European Union member states.

Consolidation bid ‘shared unfairly’

IrishExaminer.com — Fri, 06 Nov 2009 12:00:00 GMT

DECEMBER will see the first of the severest budgets the State has ever experienced: €16.35 billion in savings and tax increases must be found over four years to get the State’s finances back in order.

Digiweb set to acquire Smart Telecom from examinership process

IrishExaminer.com — Fri, 06 Nov 2009 12:00:00 GMT

SMART Telecom has been granted a new lease of life by being acquired from examinership by fellow Dublin-based telecommunications provider, Digiweb.

Surge in rogue traders costs economy €461m a week

IrishExaminer.com — Fri, 06 Nov 2009 12:00:00 GMT

THE surge in rogue traders is costing the economy €461 million a week.

Authority disputes ‘no-fly zone’ claims

IrishExaminer.com — Fri, 06 Nov 2009 12:00:00 GMT

THE Irish Aviation Authority (IAA) has hit back at claims from a European airline group that Ireland is set to become a “no-fly zone” because of increased charges.

ECB keeps interest rates at record low of 1%

IrishExaminer.com — Fri, 06 Nov 2009 12:00:00 GMT

HOMEOWNERS on tracker mortgages will not see interest rate increases until at least the middle of next year but others could be hit by hikes sooner.

Kerry Foods nets Bord Bia ‘Oscar’ for export success with Cheesestrings

IrishExaminer.com — Fri, 06 Nov 2009 12:00:00 GMT

KERRY Foods won an Irish “Food Oscar” yesterday for its success on the export market with Cheesestrings, the popular snack that it produces in Charleville, Co Cork, where it employs more than 500 people.

UPC Ireland reports steady profit growth

IrishExaminer.com — Fri, 06 Nov 2009 12:00:00 GMT

UPC IRELAND, which owns multi-faceted communications provider Chorus NTL, has reported steady revenue and profit growth for the third quarter of the year – mainly boosted by a surge in subscriber numbers to its telephony service.

Zurich boosts market share by 46%

IrishExaminer.com — Fri, 06 Nov 2009 12:00:00 GMT

A GOOD showing in an otherwise declining pensions market has boosted Zurich Life Ireland’s (formerly Eagle Star) market share by 46% to 16%, the company said yesterday.

IFA calls on minister for details on agri-environment scheme

IrishExaminer.com — Thu, 05 Nov 2009 12:00:00 GMT

THE Irish Farmers Association (IFA) yesterday called on Agriculture Minister Brendan Smith to provide details of the new agri-environment scheme which he plans to introduce in 2010.

IFA pickets lifted as farmers resolve grain price dispute with Glanbia

IrishExaminer.com — Thu, 05 Nov 2009 12:00:00 GMT

FARMERS have resolved their dispute with Glanbia over the prices they are being paid for grain.

Date set for IL&P shareholders’ vote

IrishExaminer.com — Thu, 05 Nov 2009 12:00:00 GMT

IRISH Life & Permanent (IL&P) has named December 17 as the date for the EGM at which shareholders will formally vote on the restructuring of the group and the formation of a new holding company.

Strong gains by banks ease ISEQ towards the 3,000 point mark

IrishExaminer.com — Thu, 05 Nov 2009 12:00:00 GMT

STRONG gains for the banks and other key Irish stocks dragged the ISEQ back up towards the 3,000 point mark as it reclaimed nearly 4% after a poor showing in the past week.