World shares hit by US auto bailout failure

World markets were shaken today after US plans to bail out the beleaguered car industry stalled in the Senate.

World shares hit by US auto bailout failure
Fri, 12 Dec, 2008 - 09:37

World markets were shaken today after US plans to bail out the beleaguered car industry stalled in the Senate.

The FTSE 100 Index was down more than 2% – or 105.5 points at 4283 – as investors also reacted to further trading woes at Halifax Bank of Scotland.

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<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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