You are viewing the content for Thursday 10 January 2013

BUSINESS

€850m State fund for SMEs aimed at filling gap left after exit of banks

The Government, via the National Pension Reserve Fund, is making available €850m to small businesses through three new funds in an effort to fill the gap in the market by banks exiting the country.

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State recoups €170m on BoI investment

The Government has recouped €170m on its €1 billion investment in Bank of Ireland through convertible contingent capital tier 2 notes.

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Concern over yield on Irish syndicated bond issue

The yield on the syndicated tap bond issue on Tuesday was below the rate secured when Ireland had a AAA credit rating, but the spread against the 10-year German bund remains a concern, according to NTMA chief executive John Corrigan.

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OmniPay announces 30 jobs as business expands

Dublin-headquartered payment processing firm OmniPay is creating 30 new jobs to enable its continued international expansion.

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Grafton profits to exceed expectations

Grafton Group has said it anticipates its full-year 2012 results to show better-than- expected operating profits, when they are published in March.

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Food exports reach record €9bn last year

The food sector is set to be one of the engines of growth for the Irish economy with record-breaking sales of €9bn last year and strong prospects in emerging markets in Africa and Asia.

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'Key to success is identifying trend'

To ensure that Irish food remains ahead of consumer trends globally Bord Bia has carried out thorough market research initiative.

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BoI cuts back service in branches

Bank of Ireland has cut its counter cash services to three days a week across a network of branches.

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Market records small loss

Shares on the Irish market drifted slightly overall in contrast to most other European bourses and despite sharp gains in the likes of Grafton Group.

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Greening to be one of amendments to commission's CAP proposals

Greening according to farm size is predicted as one of 38 amendments to the European Commission's CAP proposals due from the European Parliament's agriculture committee later this month.

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Bankers roll up interest at five-star hotel

One of the country's best-known hoteliers, Jerry O'Reilly, is confident that bankers to his five-star hotel, the Aghadoe Heights in Killarney, will continue to roll up bank interest loan payments on the business.

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AGRI BUSINESS

Politicians milk it while vulnerable get fleeced

On Tuesday we heard that unemployment across Europe has once again increased and now stands at 26 million souls. Why has it increased?

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