You are viewing the content for Tuesday 23 September 2008

BUSINESS

Bank raises Ryanair, Easyjet

RYANAIR, Easyjet and Air Berlin were raised by Royal Bank of Scotland (RBS) analysts yesterday, with the bank seeing less downside risk to low cost carrier revenues than network airlines.

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Bakery firm boasts €3.1bn sales

ARYZTA, the merged entity of speciality bakery groups, IAWS and Hiestand of Switzerland reported total sales of €3.1 billion in its first set of results yesterday.

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Market falls ahead of US rescue plan

THE ISEQ index fell 160.31 points yesterday to close at 3,976.01 as the world waits for details of the €490bn rescue plan for financial markets planned by Washington.

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Markets still wary despite Friday surge

EUROPEAN stockmarkets fell in late trading yesterday as higher oil prices hit sentiment despite the positive view of the $700bn bailout of US banks by US treasury secretary Henry Paulson.

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NIB applies for cover under €100,000 indemnity scheme

NATIONAL Irish Bank has applied to the Financial Regulator to have its deposit protection brought in under the new €100,000 scheme announced last Saturday by Finance Minister Brian Lenihan, to ease growing investor fears about the stability of the Irish banking sector.

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Anglo Irish reveals market-high savings rate

ANGLO Irish Bank launched an aggressive attack for depositors' cash yesterday with the introduction of a market leading rate on one of its savings accounts.

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AGRI BUSINESS

Priests and politicians reach out to public at ploughing championships

PRIESTS and politicians will move from their usual pulpits and podiums to a rural site beside the ploughing plots of Kilkenny over the next three days.

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Irish Creamery Milk Suppliers Association attacks quota policy

THE quota policy of the Department of Agriculture, Fisheries and Food was described by the Irish Creamery Milk Suppliers Association (ICMSA) yesterday as a combination of fundamental misunderstanding and wishful-thinking that has effectively collapsed milk price.

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Commission supports proposal to improve animal slaughter conditions

THE European Commission has backed a proposal to improve conditions for animals at the time of slaughter.

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