You are viewing the content for Saturday 10 November 2012

BUSINESS

Markets slow on light volumes

Yesterday was a mixed day on European markets as stocks treaded water on light volumes. US stocks opened slightly higher as post-election jitters and fears of a fiscal cliff abated on news that consumer sentiment, as measured by the University of Michigan/Thompson Reuters, was at a five-year high in November. The Iseq index finished up 3.8 points at 3,294.57.

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Desmond tops Irish investor rich list

Dermot Desmond heads the list of Irish property investors with a personal fortune estimated at €1.7bn, according to trade magazine Estates Gazette's rich list.

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PM's profits plummet 71%

Pre-tax profits at PM Group — the Cork- and Dublin-based international engineering services and project management business — plummeted by over 71% last year to €2.1m, according to newly published accounts.

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Cork businessman of the year 'owes success to family and loyal customers'

Teddy Barry, managing director of the New Furniture Centre, has been honoured as the MSL Cork business person of the year 2012.

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Croke Park report 'a work of fiction'

The need for an independent foreign body to oversee a renegotiation of the Croke Park agreement and the possibility of Ireland's 12.5% corporation tax rate being increased were among the topics debated at ISME's annual conference yesterday.

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Petroceltic awarded share of new licence in Egypt

Petroceltic has been awarded a share of a new licence in Egypt, for which potential oil prospects have already been identified.

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Daft.ie brothers in €4.45m windfall

Eamon and Brian Fallon, the brothers who established the daft.ie website, shared a €4.45m dividend windfall last year.

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Irish pay over eurzone average for loans

Loans recently issued by Irish banks carry a higher interest rate than the eurozone average, although longer term loans are below the eurozone average, according to figures released by the Central Bank.

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Port tunnel operator sees pre-tax profits up by 31.5%

Pre-tax profits at the operator of the €751m Dublin Port Tunnel last year increased by 31.5% to €731,003.

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Farmers warned to prepare for 'harsh realities' of Cap reform

Farmers have been warned to prepare for great change in relation to the "harsh realties" of Common Agricultural Policy reform.

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AGRI BUSINESS

Pensions conundrum lies in a legal minefield

The revelations this week of what the top brass at banks get in their pensions sparked outrage. But the banks should not be swayed by public anger into pursuing former executives for recovery of funds lost, writes Kyran Fitzgerald

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Consultancy has the Edge in Canada

Lean business consultancy Leading Edge has signed five contracts worth a combined $350,000 (€275,000) with clients in their Canadian territories.

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US policy change could see us facing fiscal cliff

The election of Barack Obama for a second term as US president is, like a curate's egg, a mixed blessing.

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