BUSINESS - BREAKING NEWS

The Finance Minister Michael Noonan has said he will try and see if pressure can be put on banks to cut variable mortgage interest rates.

TODAY'S BUSINESS - IRISH EXAMINER

Eddie Hobbs

Eddie Hobbs steps down from board of investment firm

Eddie Hobbs has stepped down as director of his firm, Brendan Investments.

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B&Q restructuring impact on Irish stores still unclear

The effect on its Irish operations of DIY chain B&Q’s imminent closure of 60 stores across the UK and Ireland remains unclear.

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Willie Walsh

Willie Walsh in ‘no hurry’ to finalise Aer Lingus deal

IAG chief Willie Walsh has said that he is in “no hurry” to complete a takeover of Aer Lingus and is “happy to take as much time as is necessary”.

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Michael Guiney profits plummet 80% to €12k

Operating profits at discount department store Michael Guiney decreased sharply last year.

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Ann Summers figures bounce back in Ireland

The sales of best-selling Chinese rope restraints and satin and lace blindfolds had the bosses of Ann Summers in Ireland smiling last year as the business returned to profit.

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Feelgood factor should be tempered with caution

Economists often struggle to isolate the factors that are driving an economy up or down.

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Aryzta uses Origin sale to expand

Irish-Swiss baked foods business Aryzta is using the €400m or so it will get from the near halving of its stake in Dublin-based agri-services business, Origin Enterprises to acquire a 49% stake in French speciality premium food business Picard.

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House lending to stay subdued

Lending levels to households are expected to remain stagnant for the rest of 2015 and stay below what is needed to stimulate economic growth for some time.

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‘Modest jobs gain likely’ from EU-US deal

Negotiations on the transatlantic trade and investment partnership should be suspended amid concerns over the accuracy of purported benefits of the deal, an economic think-tank has said.

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Q1 hotel acquisition spend hits record €500m

More than half a billion euro was spent on hotel acquisitions in the first quarter of the year in the largest quarterly spree ever seen.

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Management closes buyout of Carroll Cuisine

A private equity-backed management buyout of Carroll Cuisine believed to value the company in the region of €40m, has been completed.

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BoI shares dip as Fairfax halves holding

Shares in Bank of Ireland plummeted almost 9% yesterday on the back of Canadian insurer Fairfax Financial Holdings selling half of its 5.8% stake.

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EU deflation eases as jobless rate drops

Eurozone consumer prices fell again in March, as expected, but the decline was the smallest this year, indicating the price of goods and services could start rising again soon.

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