BUSINESS - BREAKING NEWS

GlaxoSmithKline’s difficult year continued today as shares tumbled on a warning that it no longer expects to improve a key measure of earnings.

BUSINESS - IRISH EXAMINER

€47m judgment sought from Kelleher

Nama is pursuing businessman Garrett Kelleher for €46.8m summary judgment orders arising mostly from a limited guarantee relating to substantial loans made by the former Anglo Irish Bank for developments in Ireland, the US and Belgium.

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Hibernia in negotiations to set up debt facilities

Hibernia REIT — one of the new breed of property investment funds to have floated in the past year — is in negotiations with a number of potential lenders in the hope of establishing debt facilities to be used to fund its purchasing activity.

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Hibernia REIT directors Stewart Harrington, Danny Kitchen (chairman) and Colm Barrington at the company's AGM.

Property fund eyes up more Dublin acquisitions

Publicly-owned property fund Hibernia REIT has said it sees significant further commercial and residential acquisition opportunities in Dublin, having already spent nearly 90% of the equity it raised in its December float.

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Central Bank appoints former ECB expert as its chief economist

The Central Bank yesterday announced a new chief economist, Gabriel Fagan, who will take up the role in October having left the ECB.

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EMC facing $10bn test to prevent calls for a breakup

EMC needs to convince investors that keeping the company together is worth more than the estimated $10bn (€7.4bn) that could be unlocked in a breakup.

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3 firms to create 100 online jobs

A hundred jobs are to be created following the expansion of three firms.

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SMEs still not confident about recovery

More than 80% of small and medium-sized businesses aren’t confident that the economy will experience a steady recovery.

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Norbrook Labs profit down 9%

Pre-tax profits at Northern Ireland-based pharmaceutical group, Norbrook Laboratories established by the late Co Louth native, Edward Haughey, last year decreased by 9% to £14.4m (€18.2m). 

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Michael O'Leary, Ryanair

O’Leary: Ryanair likely to express interest in troubled Cyprus Airways

Ryanair will more than likely submit an expression of interest in troubled Cyprus Airways which is up for sale, CEO Michael O’Leary said yesterday. 

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Chief economist, Alan McQuaid

Economist’s call to lower bond yields

The interest being charged by international investors on long-term Government debt still has the capacity to fall to record lows and should be close to 1% lower than current levels, a leading economist has said.

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Facebook will discuss ‘right to be forgotten’ with German regulators

Facebook has been drawn into the debate over the "right to be forgotten" as the social networking site will meet with a German data protection regulator to discuss jurisdictional issues raised by a European court ruling.

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Risk management strategy needed for growth

Growth is an attribute often sought out by investors and entrepreneurs.

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