BUSINESS - BREAKING NEWS

The Bank of England’s deputy governor has apparently softened its stance on plans to jail reckless senior bankers after a City backlash.

BUSINESS - IRISH EXAMINER

Team Juncker clears hurdle

Team Juncker roared past the finishing post in the European Parliament, right on schedule, promising to present a €300 billion plan for investment, growth and jobs within six weeks.

More

Nama boss predicts profit of less than €500m

The National Asset Management Agency (Nama) will deliver a surplus of less than €500m on the bad loans it bought from the country’s banks by the time it concludes its business, if market conditions remain unchanged.

More
Bayer MaterialScience's products include transparent plastics for blu-ray discs

Equity firms eye up Bayer €10bn plastics division

Private equity firms are circling Bayer’s €10bn plastics business, hoping to divert the German drugmaker from its plan to list the division, two people familiar with the matter said yesterday.

More

Pension system is ‘not sustainable’

The sustainability of Ireland’s pension system is among the worst in the world and could result in workers facing the growing prospect of poverty in retirement, a global study has found.

More

EMC to buy most of Cisco share in joint venture VCE

EMC, the maker of storage computers facing pressure from an activist shareholder to break up, said it will acquire most of Cisco Systems’ stake in joint venture VCE, which sells high-end data center equipment.

More
Artur Mas

Catalonia open to offer from Madrid

Catalonia is open to offers from the central government that would allow it to remain in Spain with greater autonomy and control over its taxes, regional finance chief Andreu Mas-Colell said.

More

Quinn set to lose €2.5m on ill-fated property venture

Former Ireland soccer international, Niall Quinn is set for a loss of around €2.5m on his ill-fated Co Carlow property venture.

More
Mario Draghi

ECB denies reports about which banks failed tests

The European Central Bank has said that media reports about lenders passing or failing its Asset-Quality Review and stress test before the release of results on October 26 were “highly speculative”.

More

GSK plans to rebuild battered company

GlaxoSmithKline, battered by weak US drug sales and a bribery scandal inChina, set out a bold recovery plan yesterday, including an initial public offering of part of its fast-growing HIV and AIDS drugs business.

More
Dave Murphy

PM Group profits up 20%

Irish engineering and project management firm, PM Group yesterday reported turnover of €355.5m to the end of 2013, a significant increase on the €193m generated the previous year.

More

Time to pull the plug on Irish Water?

Granted, the vast bulk of us are annoyed at having to pay for water as we feel we already pay for it through our taxes, but to add insult to injury by putting a senior management team in place which appears not to be up to the job is nothing short of pure unadulterated arrogance.

More