You are viewing the content for Saturday 11 February 2006

BUSINESS

Partnership fears for town's future

By Ray RyanA CLOSURE now of the country's last remaining sugar factory in Mallow would have serious social consequences for the area, it was claimed yesterday.

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Ministers urged to review nitrates rules

By Ray Ryan, Agribusiness CorrespondentGOVERNMENT bungling on the nitrates directive must come to an end, Fine Gael warned as it urged the Environment and Agriculture Ministers to undertake a full review of the rules, based on Teagasc's scientific advice.

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Russia imports 34% more beef

By Martin RyanMarts: While imports of beef by Russia during 2005 showed a significant increase, European exports of beef to Russia fall sharply following the cut in export refunds, which led to the deficit being filled by supplies from South American countries.

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Low-cost travel pioneer Freddie Laker dies

AIRLINE tycoons have paid tribute to the "pioneer of low-cost travel" Freddie Laker, who has died at the age of 83. Mr Laker, whose cheap fares opened up a new era in air travel in the 1970s, died of undisclosed causes in Miami.

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Banking stocks gain in slow trading

THE ISEQ Index remained virtually unchanged yesterday despite earlier advances closing at 7596.31, up 0.02 points.

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Oil addiction not just an American nightmare

By Brian O'MahonyRISING oil prices and an expanding global economy have put added pressure on the search for oil and gas across the globe.

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ClearStream places 6.12m shares

CLEARSTREAM TECHNOLOGIES, the Wexford-based medical device manufacturer, has announced that it hopes to raise around £3m (€4.38m) through the additional placing of 6.12m shares at 49p (71.6c) per share.

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Economist warns of higher interest rates

By Brian O'Mahony, Chief Business CorrespondentHOUSE prices may increase just 2% next year while the rise in mortgage lending could drop to under 20% from its current record levels as interest rates rise.

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MGA appoints new technical director

FIONA LALOR, a former regulatory expert with IBEC, has joined law firm Maree Gallagher Associates (MGA) as director of technical and regulatory affairs.

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Kerry Group closes down desserts unit

KERRY GROUP is to close its Platters Foods salads and desserts manufacturing unit in Sligo, which it took over in 2001.

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Irish tax take remains one of EU's lowest

By Ann Cahill, Europe CorrespondentIRELAND'S tax take as a percentage of GDP recorded the second highest increase in the EU last year but remains one of the lowest for overall tax take, according to new figures.

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Website monitors rogue contractors

A new Irish website was launched yesterday to help expose rogue building contractors who fail to protect construction workers or cover them for pensions, sick pay or death in service.

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Barclays calls for balanced financing

BARCLAYS Bank Ireland has called for balance between key participants in both the public and private sectors in the delivery and financing of infrastructure projects across Ireland.

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Betting firm announces €1.7m losses

By Ian GuiderONLINE bookmaker Sports Spread made a €1.7 million loss last year, after taking a gamble to enter the British betting market.

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