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BUSINESS

Supple hopes to trade out of loss

CORK construction firm John F Supple expects to trade out of its current difficulties, despite recording pre-tax losses of €14.6 million in the 21 months to the end of September 2008.

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Software firm sees turnover rise by 31%

QUMAS, the Cork-based software firm, reduced its pre-tax losses significantly last year, as turnover increased 31%.

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Company formations 'an encouraging sign'

ENCOURAGING signs are being seen with an improvement in the number of company formations.

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Ireland to play role in expanded Merck group

IRELAND will play an evolved role in the newly expanded healthcare corporation Merck & Co Inc, which yesterday completed its merger with Schering-Plough Corporation.

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Anglo job losses may rise to over 700

THE number of job cuts at Anglo Irish Bank could hit 700 as it begins the first phase of its redundancy programme.

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Boucher tries to clarify bank's future moves

BANK of Ireland chief Richie Boucher did his best yesterday to try and clear up many uncertainties surrounding the bank.

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BoI reports pre-tax loss of €979m but sees share price recover

BANK of Ireland has reported an underlying pre-tax loss of €979 million for the first half of its financial year; but saw its share price recover strongly yesterday on the back of saying its loan losses shouldn't deteriorate from its previous guidance, over the next three years.

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Strong gains by banks ease ISEQ towards the 3,000 point mark

STRONG gains for the banks and other key Irish stocks dragged the ISEQ back up towards the 3,000 point mark as it reclaimed nearly 4% after a poor showing in the past week.

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Date set for IL&P shareholders' vote

IRISH Life & Permanent (IL&P) has named December 17 as the date for the EGM at which shareholders will formally vote on the restructuring of the group and the formation of a new holding company.

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AGRI BUSINESS

IFA pickets lifted as farmers resolve grain price dispute with Glanbia

FARMERS have resolved their dispute with Glanbia over the prices they are being paid for grain.

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IFA calls on minister for details on agri-environment scheme

THE Irish Farmers Association (IFA) yesterday called on Agriculture Minister Brendan Smith to provide details of the new agri-environment scheme which he plans to introduce in 2010.

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