Largely cloudy with a scattering of light showers.








 

 




TODAY'S PAPER

Pay freeze for 2 out of 3 workers

One in three workers can expect a raise this year, two in three can expect a pay freeze, while 4% will endure pay cuts, a survey of employers indicates.

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Airtricity to buy North gas supplier

Airtricity is set to boost its presence in the North by taking over the business of the region’s leading residential gas supplier Phoenix Supply.

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Union calls on Ulster Bank to release details of plans for 950 redundancies

Finance union leaders have called on Ulster Bank executives to publish the fine print on its plans for 950 redundancies after they agreed a new package of severance terms.

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Pre-tax profits up 16% at C&C

Drinks group C&C has reported a 16% increase in full-year pre-tax profits, despite seeing core revenues in its Irish cider business fall by nearly 9%.

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AIB withdraws staff from IBRC

AIB has withdrawn staff from branches of IBRC where they were providing deposit account banking facilities to former Anglo Irish customers.

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High crop prices help deliver bumper profits for Deere

Deere & Co, the world’s largest maker of agricultural equipment, has raised its full-year earnings forecast and posted a fiscal second-quarter profit that topped analysts’ estimates after higher crop prices supported US farm incomes.

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Leave milk prices at May levels to protect farmers, urges IFA boss

IFA president John Bryan has called on the co-ops to hold May milk prices to protect dairy farmers, already hit by disastrous weather this month.

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Apple to increase screen size for next generation iPhone

Apple plans to use a larger screen on its next-generation iPhone and has begun to place orders for the new displays from suppliers in South Korea and Japan, according to sources.

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Survey tags targets for gold deposits

Connemara Mining has completed an airborne search for gold deposits across five license areas in Wicklow and Wexford.

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Boost for exports as euro falls in value

The euro crisis is giving a competitive edge to Irish exports as the value of the single currency falls against the pound and the dollar.

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Pharma group to expand into Asia

Alliance Boots, owner of Europe’s biggest pharmacy chain, is looking to expand through partnership deals in Asia and Latin America, financed by its own cash flows, it said yesterday.

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Market static on state of eurozone

The ISEQ index fell 0.26 points yesterday, to close at 3,084.48, as investors continue to fret about eurozone political uncertainties and the outlook for global growth.

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Profits take off at Dublin Aerospace

Revenues increased almost threefold to €22.89 million at Dublin Aerospace last year as the aircraft overhaul firm recorded a profit in only its second full year of operation.

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Tullow Oil confident about prospects after ‘excellent year’

Tullow Oil has said it is on course to deliver further significant growth in 2012, having seen excellent progress in the year to date.

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