BUSINESS - BREAKING NEWS

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TODAY'S BUSINESS - IRISH EXAMINER

Damien Duff sees profits jump as he wings it Down Under

Accumulated profits at the firm owned by former Republic of Ireland winger Damien Duff jumped to €1.58m last year.

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Warning over health budget overrun

The EU’s economics commissioner sounded a strong warning yesterday about Ireland’s budget overruns in health spending, saying that the Government will need to do much more to get the sector into shape.

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eSentire to create 100 jobs in Cork

Close to 100 jobs are set to be created in Cork over the next five years, with leading international cyber-security firm, eSentire identifying the city as the location for its European headquarters.

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Consumers’ Association of Ireland opposes airline sale

The most powerful independent consumer voice in the country has voiced an 11th-hour warning about the future of Aer Lingus, as the Government late last night endorsed the takeover offer by Willie Walsh’s IAG Group.

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Bookies backing ongoing Ryanair growth

It’s a good illustration of how strong a run of growth Ryanair is on that the country’s main bookmaker is hawking short odds on the airline reaching profit levels of €1bn in its current financial year.

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European companies lay off staff due to late payments

European companies could hire substantially more staff if they could only secure timely payments for their invoices, a leading credit management company has said.

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Scotland will fight to stay in EU, vows Nicola Sturgeon

Nicola Sturgeon has said the Scottish Government will make a “strong and positive” case for the UK to remain in the EU to prevent Scotland being forced out against its will.

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UK retail sales growth hits highest level in 26 years

British retail sales growth surged in May as expectations for sales next month hit their highest level in more than 26 years, an industry survey showed.

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Ryanair to use Germany as growth platform

Ryanair has put longer-haul route ambitions to the likes of Russia on hold and will focus on closer destinations like Germany to fuel short-term growth.

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Fostering a fleet of agrifood ‘battleships’

Two interesting conferences took place over the past fortnight that put a spotlight on the challenges and opportunities facing the Irish agrifood industry.

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Simon Coveney hoping for late surge of entrants to genomics scheme

Entrants to the new Beef Data and Genomics Programme will be free to subsequently withdraw once they get back data on their own herd, said Agriculture Minister Simon Coveney.

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Former trader first to be prosecuted over Libor ‘fixing’

The former trader on trial for allegedly conspiring to rig benchmark interest rates, has admitted to being motivated by greed and was fired by US bank Citigroup in 2010, the prosecution told a London court yesterday.

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John Malone firm bids to buy Time Warner Cable for €52bn

Charter Communications, controlled by cable industry pioneer John Malone, has offered to buy Time Warner Cable for $56bn (€52bn), seeking to combine the number two and three US cable operators to compete against market leader Comcast.

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Average hourly wages rise only 1c in past four years

Average hourly earnings across the economy have risen by a meagre 1 cent to €22.23 since the worst of the economic crisis four years ago.

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Greece plays down fears of debt default

Greece and its Europeans creditors yesterday sought to play down fears that Athens would default on a payment to the IMF next week.

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Amazon switches UK retail bookings

Internet shopping giant Amazon said it has begun booking UK sales in England rather than in a European unit, which may see it pay more taxes.

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Gulf widens between dairy and cattle farming

Dairy farm incomes reached an unprecedented high of €68,887 in 2014, with average family farm incomes rising 6% to €26,974.

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