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Last Updated: Aug 27, 2008 - 1:33:58 AM |
News
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Irish
CRH reports 10% fall in pre-tax profits in the first half of 2008
CRH, the international building materials group and the biggest firm in the sector in the United States, today reported pre-tax profits of €606m for the first half of 2008, down 10% on the same period last year.
Aug 26, 2008 - 7:23:28 AM
News
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Irish
Irish consumers spent €2.6 billion more on alcohol and cigarettes than food in 2007; Household spending on alcohol more than 3 times EU27 average
Irish consumers spent €2.6 billion more on alcohol and cigarettes than food in 2007. Agri Aware, the farming and food educational body, has also revealed that for every €1 spent on food, consumers are spending €0.73 more on alcohol, tobacco and mobile phones.
Aug 26, 2008 - 4:33:51 AM
News
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Irish
Blackrock International Land reports pre-tax losses of almost €8m for the first half 2008
Blackrock International Land, the Irish property investment company spin-off from fruit distributor Fyffes, today reported pre-tax losses of almost €8m for the first half 2008, as the underlying value of its portfolio dropped. The loss comes after a profit of more than €12m in the same period last year.
Aug 26, 2008 - 5:22:46 PM
News
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Irish
Blackrock International Land reports pre-tax losses of almost €8m for the first half 2008
Blackrock International Land, the Irish property investment company spin-off from fruit distributor Fyffes, today reported pre-tax losses of almost €8m for the first half 2008, as the underlying value of its portfolio dropped. The loss comes after a profit of more than €12m in the same period last year.
Aug 26, 2008 - 10:58:25 AM
News
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Irish
Kerry Group reports profit before tax rise of 0.2% in first half of 2008
Kerry, the Irish food group, today reported pre-tax profits of €132.8m for the first half of this year, up generally unchanged from the same period last year at 0.2%.
Aug 26, 2008 - 7:03:05 AM
News
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Irish
Report by the Irish Small Firms Association says small businesses in Ireland lose on average €793 million per annum through absenteeism
A new report by the Irish Small Firms Association has shown that small businesses in Ireland lose on average €793 million per annum through absenteeism. The report also shows that workers in small companies are less likely to miss work through illness than their counterparts in larger businesses.
Aug 26, 2008 - 5:40:23 AM
News
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Irish
AIB cuts its 2 & 3 year Irish fixed mortgage rates to 5.2%
AIB is cutting its 2 year Irish fixed mortgage rate by 0.55% to 5.20% and its 3 year fixed mortgage rate from 0.25% to 5.20%. The new rates will be effective from close of business Tuesday 26th August.
Aug 25, 2008 - 4:01:19 PM
News
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Irish
Irish Consumer Sentiment Index rose slightly in August
The overall IIB Bank/ESRI Irish Consumer Sentiment Index rose in August. The Consumer Sentiment Index was 43.4 in August 2008, compared with 39.6 in July.
Aug 25, 2008 - 12:01:22 PM
News
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Irish
Irish commercial property investment at virtual standstill in recent months; Irish investment in UK property plunged in first six months of 2008
Irish commercial property investment has been at a virtual standstill in recent months. Since the beginning of the year, the Irish property investment market has been characterised by a lack of transactional activity, with only €392 million of Irish investment deals signed in the six months to the end of June 2008 compared to €1.9 billion in 2007. Irish investment in UK property plunged to €795 million in the first six months of 2008 compared with €5.5 billion of investment transactions in the UK in 2007.
Aug 25, 2008 - 11:30:40 AM
News
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Irish
Glanbia announces acquisition of Illinois based Optimum Nutrition - a manufacturer of nutritional supplements for the sports sector - for $315 million
Glanbia plc, the Irish international cheese and nutritional ingredients Group, today announced the acquisition of Illinois based Optimum Nutrition, Inc. - a manufacturer of nutritional supplements for the sports sector, with what it says are some of sports nutrition’s most trusted brands in the USA – including ‘Optimum Nutrition’ , ‘Gold Standard 100% Whey’ and ‘ABB’. The total consideration for the acquisition is $315 million (€213 million). The business is being acquired on a debt free basis and will be funded from Glanbia’s existing resources.
Aug 25, 2008 - 8:23:34 AM
News
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Irish
Irish Retail Sales volume plunges by 5.2% in year to June
The CSO said today that the volume of retail sales (i.e. excluding price effects) decreased by 5.2% in June 2008 compared to June 2007. There was a monthly decrease of 0.7%. If Motor Trades are excluded there was an annual decrease of 1.8% and the monthly change was -1.9%.
Aug 22, 2008 - 11:48:51 AM
News
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Irish
Irish property-related lending increased at its lowest rate since 1997 in June
Irish property-related lending increased at its lowest rate since 1997 in June, new figures issued by the Central Bank show.
Aug 22, 2008 - 7:54:35 AM
News
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Irish
Irish directors’ pay rises by 12% in 2007; Total remuneration up by over 30% - Fixed salaries for executives in the US up 4%; European rises in range 3.5% to 7.5%
Directors of companies listed on the Irish Stock Exchange (ISE) reported an average 12% pay rise last year, with total reward up by over 30%, once variable pay elements such as bonuses were included. By comparison, the average rate of increase on fixed salaries for executives in the United States was about 4 per cent, while the European figures ranged from 3.5 per cent to to 7.5 per cent depending on the country.
Aug 22, 2008 - 7:35:09 AM
News
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Irish
Irish merchandise exports fell in June
The CSO said today that seasonally adjusted Irish merchandise exports fell by 4% in June relative to May 2008 and imports increased by 1%. Relative to April 2008, exports in May increased by 6%, while imports increased by 4%.
Aug 21, 2008 - 11:55:15 AM
News
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Irish
Job losses of 500 announced by employers in Cork and Offaly - Boston Scientific and Howley Civil Engineering
Job losses of up to 500 were announced on Wednesday by employers in Cork and Offaly - Boston Scientific and Howley Civil Engineering.
Aug 21, 2008 - 7:23:01 AM
News
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Irish
Trintech reports reduced quarterly loss
Trintech, the Nasdaq-quoted Irish payments systems software company, today said its second-quarter loss narrowed as revenue rose. The net loss in the three months to July 31st fell to $965,000 (€656,000) from $1.05 million a year earlier, the company, which is now headquartered in Dallas, said in a statement.
Aug 20, 2008 - 4:03:34 PM
News
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Irish
Falling immigration is slowing Irish population growth
The CSO said today that falling immigration is slowing Irish population growth. The total number of immigrants into Ireland in the year to April 2008 fell by 26,000 to 83,800, while the number of emigrants has shown a marginal increase on the previous year to 45,300. As a result net Irish migration is estimated to have fallen from 67,300 in the year ending April 2007 to 38,500 in the most recent period.
Aug 20, 2008 - 12:46:55 PM
News
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Irish
Quarterly National Household Survey: Irish unemployment rate rises to 5.1%; Non-Irish national labour force growth falls to 25,700; 24,800 unemployed non-Irish nationals
The CSO says in the Quarterly National Household Survey, Quarter 2, 2008 today that total number of persons in the labour force in the second quarter of 2008 was 2,223,900, representing an increase of 22,000 or 1.0% over the year. This compares with an annual labour force growth of 4.2% or 88,000 in the second quarter of 2007. The overall participation rate for the second quarter of 2008 is 63.4%, compared with a rate of 63.7% for Q2 2007. The seasonally adjusted unemployment rate rose to 5.1%. Non-Irish national growth fell to 25,700 while there were 24,800 unemployed non-Irish nationals.
Aug 20, 2008 - 12:11:25 PM
News
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Irish
Supply of Irish rental accommodation doubles and rents fall
The supply of Irish rental accommodation has more than doubled over the last 12 months to an all-time high. A report today from the property service Daft says that the increase in supply has pushed rents downwards - with a fall of 2.2% in the past three months.
Aug 20, 2008 - 9:32:56 AM
News
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Irish
Greencore says outlook positive despite poor consumer sentiment and weather in UK
Greencore Group plc today issued an Interim Management Statement and said that
consumer sentiment in the UK has deteriorated markedly since June and poor
weather has also impacted demand. However notwithstanding these headwinds and
the fact that there are a number of seasonally important trading weeks remaining
in the current financial year, it expects to record overall like for
like constant currency Convenience Foods sales growth in the second half.
Aug 19, 2008 - 9:09:58 AM
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