BUSINESS - BREAKING NEWS

50 new jobs have been announced at retailer Carraig Donn.

BUSINESS - IRISH EXAMINER

European lenders drive stocks up

European lenders pushed stocks to a two-month high yesterday, even as they pared gains in the final hour of trading amid a decline in miners and oil and gas companies.

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Iseq makes gains in mixed day for markets across Europe

Yesterday was a mixed day for European bourses as Germany, France and Ireland led the way. The Dax continued its recent solid run and the Iseq and Cac40 followed the trend

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BT in discussions with Telefonica to buy O2

Britain’s BT Group is in early stage talks with Spain’s Telefonica on a deal to buy UK mobile operator O2, with two sources saying it has also begun negotiations with EE as it seeks a return to the British consumer mobile market.

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Uncle Sam gets gold star for growth

The past week saw news that the Japanese economy had slipped back into recession yet again, with GDP declining in both the second and third quarters of the year.

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Origin’s revenues grow 3.5% in Q1

Contributions from acquisitions and favourable currency movements led to Origin Enterprises posting a 3.5% year-on-year increase in first-quarter revenues, to €318m.

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€54m earmarked for six plastic processing plants

An Irish company has announced plans for a €54m investment which would see six processing plants constructed with the creation of up to 180 jobs.

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Grocerysales at highest in five months

Grocery sales increased by 1.1%, year-on-year, during the 12 weeks to November 9. Those figures resulted in an additional €23m being spent by shoppers in the main supermarket retailers.

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Drugmaker loses bid to derail landmark trial

AstraZeneca and Ranbaxy Laboratories failed to derail a landmark trial in the US accusing the companies of colluding to delay the release of a cheaper version of the top-selling heartburn pill Nexium.

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EU Parliament ready to vote on Google break-up

EU lawmakers will likely vote on Thursday on a motion proposing the break-up of Google and other internet technology companies, increasing political pressure on the bloc’s anti-trust regulators to take a stronger line on the group.

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Ardagh enjoys 16% rise in revenues to €1.3bn for Q3

Irish glass and packaging group, Ardagh has reported a 16% year-on-year increase in underlying third-quarter revenues to €1.31bn.

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Krystal owners toast €1.4m profit

It’s champagne, not tap water that will be flowing for the owners of Krystal night club and Dicey’s pub — as new accounts show the business recorded profits of €1.4m last year.

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Losses rise 90% at Botswana Diamonds

John Teeling’s Botswana Diamonds expects its 2015 exploration programme to include a double-digit number of drill holes tested to identify targets, as it looks to increase its focus on the southern African country.

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CEOs upbeat on GDP growth

A quarter of chief executives expect GDP growth of at least 4% next year while seven in ten believe it will match or exceed recent predictions of 3%.

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Analysts question value put on CRH brick business

Analysts have expressed doubt over valuations being put on CRH’s UK-based brick business Ibstock.

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REIT secures €150m to expand property portfolio

The Irish Residential Properties (I-RES) REIT has agreed a deal that will provide it with an additional €150m in acquisition funding which is to be used for expanding its portfolio of high-quality properties.

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Government bond-buying ‘is not a silver bullet’

Purchasing government debt comes with legal obstacles and it is no panacea for the eurozone economy, said ECB governing council member Jens Weidmann.

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No choice over budget cuts, says advisory body

The Government had no choice other than to make huge budget cuts over the past six years, according to the head of the Irish Fiscal Advisory Council.

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