Business failures double in 2008

COMPANY failures more than doubled last year while the number of start-ups dropped by 21%.

Business failures double in 2008
Wed, 14 Jan, 2009 - 00:00

The bank’s head of small business, Damien Young said the outlook for this year remains tough after a challenging end to last year.

The construction, real estate, finance and insurance sectors saw the greatest fall in new business activity in 2008 dropping by 42%.

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CourtsPlace: DublinPlace: CorkPlace: LimerickPlace: GalwayPerson: Damien YoungPerson: YoungPerson: John BessantOrganisation: Bank of IrelandOrganisation: DublinOrganisation: Irish Management InstituteOrganisation: IMI
<p>Cork-founded information and communication technologies company PFH Technology has posted turnover of €178.5m, up 18% on the previous year, with operating profits increasing to €19.8m.</p>

Profits rise to €19.8m at Cork-headquartered PFH Technology

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