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Saturday, November 21, 2009 Previous editions

Business

Aer Lingus cuts ‘vital’ for survival

AER Lingus is at the most critical juncture in its history and the planned cost cutting measures must be achieved, according to Aer Lingus board member Leslie Buckley.

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Commission approves amendments to €400bn bank guarantee scheme

THE European Commission has cleared amendments to the state’s €400 billion bank guarantee scheme.

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IBEC welcomes pension proposals

IBEC has described as helpful new modifications by the Pensions Board to its guidelines for Section 50 pension scheme funding applications, but has said they don’t go far enough to safeguard the future of many defined-benefit schemes.

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Nationwide Building Society expects to beat expectations for Irish market

BRITISH building society Nationwide said it is on track to beat expectations for its first full year of trading in the Irish market.

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B&Q records profits of €3.2m

B&Q Ireland has swung into the black with pre-tax profits of €3.2 million following losses in the previous year.

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Market flat as Commission backs plan

THE ISEQ index posted a modest gain yesterday of 8.09 points to finish the week at 2,875.92.

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Farmers prepare for more rainfall

FARM families, already suffering from falling incomes and a shortage of fodder for their livestock, were bracing themselves last night for more heavy rain and high winds over the weekend.

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IFA warns new farm income figures likely to show 20% reduction

DETAILS of farm income for 2009 due to be released next week are likely to show a reduction of at least 20%, the Irish Farmers’ Association predicted yesterday.

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McGuinness seeks European action on supermarket buying practices

THE European Commission has been urged to tackle the problem of those who rely on the major supermarkets to sell their produce, but who have no power to influence the price or conditions of trade.

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