You are viewing the content for Thursday 2 February 2006

BUSINESS

Brokers advise Kerry switch

By Brian O'Mahony, Chief Business CorrespondentIN its latest update on Greencore a leading firm of stockbrokers has downgraded its recommendation from a Buy to Neutral and advised investors to switch to Kerry Group instead.

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Poor grades hardest hit as prices drop

By Martin RyanMarts: There was a slight drop in prices paid by factories for cattle last week, with the poorer graders being the hardest hit, but the average was up to 6 cent/kg (2p/lb) above the quoted prices for the week by the processors.

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EU reforms set to cost beet growers €150m - study

By Ray Ryan, Agribusiness CorrespondentTHE country's 3,700 beet growers stand to lose €150 million as a direct result of the European Union's sugar reforms, according to study findings published yesterday.

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IFA threatens social partnership accord

By Ray Ryan, Agribusiness CorrespondentTHE IFA warned yesterday that it cannot support a new social partnership agreement unless Environment Minister Dick Roche amends the nitrates measures to what it termed practical and workable regulations.

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Factories offer 6 cent extra

BEEF prices have been hardening at factories this week, recovering some recently lost ground, with some processors' quoted prices improving as much as 6 cent/kg (2p/lb).

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Farmers 'key to good quality food'

By Ray RyanFARMERS are the key to the production of good quality food, according to four transition-year students of Our Lady's Secondary School, Castleblaney, Co Monaghan, who were yesterday named the overall winners of Agri Aware's national healthy eating challenge.

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ISEQ recovers to close at 7607.40

THE ISEQ index recovered somewhat yesterday lead by gains in Elan and CRH. The Dublin Exchange closed 45.03 points stronger at 7607.40.

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Report to recommend ESB sale of power plants

By Brian O'Mahony, Chief Business CorrespondentA REPORT into the energy market in Ireland is expected to recommend the sale of some of the ESB's power plants when it is published later this year.

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INM's Indian stake now worth €62.5m

IRISH INDEPENDENT owners Independent News & Media (INM) said on Wednesday its 20.2% stake in Jagran Prakashan was now worth €62.5 million, after the Indian company completed an initial public offering (IPO).

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Finance Bill could be worth €100m

THE Finance Bill to be delivered later today by Finance Minister Brian Cowen TD could boost Revenue returns by as much as €100 million from 2008 - the earliest year the new regime would see cash flowing into the State coffers.

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Public sector pay hikes twice inflation rate

By Ian GuiderPAY increases in the public sector are running at nearly twice the rate of inflation, figures from the Central Statistics Office show.

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BSkyB signs up 21,000 new customers

By Ian GuiderSATELLITE broadcaster BSkyB signed up 21,000 new customers in Ireland in the run-up to Christmas.

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Revenue to allow quarterly filings

THE Revenue Commissioners has announced a new simplified system for PAYE/PRSI filing arrangements for 70,000 employers.

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