You are viewing the content for Thursday 29 August 2013

BUSINESS

The Treasury Building where NAMA's offices are located on Grand Canal Street, Dublin.

Court dismisses investors' claim of unfair treatment by Nama in sale

A group of "heavy-hitting international investors" has lost a High Court claim that it was unfairly treated by Nama in the sale of a valuable London development site to a rival bidder for a lower price.

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Lending to SMEs down €364m in Q2

Irish banks' lending to SMEs, not trading in either the property or financial sectors, fell by €364 million — or 1.4% — during the second quarter, when compared to the preceding three-month period.

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Paddy Power bets on gaming stateside

Betting services giant Paddy Power hopes to make meaningful progress on plans to expand its online gaming business into the US by the end of the year.

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 Workers at the large state-run mining and metallurgical company LARKO hold a banner reading 'No to layoffs' in central Athens during a rally against the privatisation of the company. Picture: Louisa Gouliamaki/AFP/Getty Images

Rehn: Too early to know how much Greece needs

European Union Economic and Monetary Affairs Commissioner Olli Rehn said it's too early to judge how much extra money Greece will need to plug an emerging hole in its €240bn rescue programme.

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No botulism threat from dairy giant's whey product

Dairy giant Fonterra's products at the centre of a global contamination scare this month did not contain a bacteria that could cause botulism, and posed no food safety threat, New Zealand officials said yesterday.

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Ryanair's stake in rival 'worthless'

Ryanair chief executive Micheal O'Leary said that the company's stake in rival airline Aer Lingus might be worthless and that his airline has received less justice than the Birmingham Six.

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Triple jobs boost in midlands upturn

The midlands is to get a triple jobs boost amid signs of an upturn in the retail sector.

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Bank lowers its GDP outlook

Ulster Bank has become the latest commentator to rein in its forecast for Irish economic expansion this year, lowering its figures for GDP growth from 1.3% to just 0.3%.

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Kenmare falls 10% after loss reported

Shares in Irish mining company, Kenmare Resources fell by nearly 10% yesterday after it showed a net loss for the first half of the year and reported a slowing demand for some areas of its mineral output.

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Grafton Group chief executive Gavin Slark.

Construction group Grafton plans move to London stock listing

The Grafton group is considering moving its listing to London in what would be another huge blow for the Irish Stock Exchange.

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AGRI BUSINESS

Financial Services Ombudsman William Prasifka

'Three strikes and you're outed' plan is a start

At long last, it would appear we've had some real movement to our ongoing demands for some accountability from the financial services sector.

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