You are viewing the content for Monday 27 February 2006

BUSINESS

Hostile bid on cards for BAA

AUSTRALIA'S Macquarie Bank is poised to team up with Spain's Grupo Ferrovial SA to launch a hostile bid for British airports operator BAA plc.

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Iraq and oil price fears may send investors scurrying

By Ellis MnyanduCONCERNS about potential escalation of violence in Iraq and the fallout from resurgent crude oil prices may send investors scurrying this week, leaving US stocks vulnerable to a pullback, analysts believe.

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Banks won't pass on rise in rates

IRELAND'S three leading banks - AIB, Bank of Ireland and Irish Life & Permanent - are not expected to pass on to borrowers all of the quarter-point rise in interest rates that the European Central Bank is expected to announce later this week.

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CER replies to price hike

THE Commission for Energy Regulation (CER) has said that there is no 'prima facia' case to support suggestions made by independent players claiming unfair reasons for the re-setting of top-up and spill prices in the wholesale electricity market during the second half of last year.

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AIB to raise €2bn in funding

AIB, which announced record profits of €1.7 billion last week, is to raise €2bn in specialist funding sooner than expected.

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Babcock to buy more Eircom shares

ACCORDING to weekend reports, Babcock & Brown - the Australian-based investment bank hoping to buy Eircom - is planning to buy more shares in Ireland's biggest telecommunications company to 29.9% over the course of this week.

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Musgrave show interest in Statoil

CORK-BASED wholesale business, the Musgrave Group, has expressed interest - along with around 30 other parties - in acquiring Statoil's petrol station/forecourt business in Ireland, according to weekend reports.

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