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Flavin waived €500,000 bonus after Fyffes ruling
19.06.2008 23:36
ireland.com
DCC'S FORMER executive chairman Jim Flavin waived a €500,000 bonus last April as a result of the Supreme Court ruling against the business in the Fyffes insider dealing case.
Ireland
Economics & Finance
Digicel trims Caribbean losses to under $75m
19.06.2008 23:36
ireland.com
DENIS O'BRIEN'S Digicel mobile phone operation in the Caribbean cut pre-tax losses last year by 33 per cent as revenue rose by $430 million (€277 million).
Ireland
Economics & Finance
Markets turmoil costs pension reserve €1bn
19.06.2008 23:36
ireland.com
THE NATIONAL Pension Reserve Fund (NPRF), which was set up by the Government to fund the State's future pension requirements, lost 5.3 per cent of its value, about €1 billion, in the first five months of the year due to the turmoil in the global markets.
Ireland
Economics & Finance
Aldi's sale of 11 buildings raises €76m for expansion
19.06.2008 23:36
ireland.com
GERMAN-OWNED DISCOUNT supermarket chain Aldi has raised more than €76 million to fund its ongoing expansion by selling 11 of its supermarket buildings to a partnership based in Manchester. The company's parent will remain the 2000 ultimate owner of the stores after the deal, which was funded by Bank of Ireland.
Ireland
Economics & Finance
MEPs want big power companies to sell grid networks
19.06.2008 23:36
ireland.com
AN EU ruling that could force the Government to break up the ESB moved a step closer as MEPs voted in favour of introducing a law requiring big power companies to separate their generating and distribution businesses.
Ireland
Economics & Finance
First-half operating loss of €153m at electronic payments group Payzone
19.06.2008 23:36
ireland.com
TROUBLED DUBLIN-BASED electronic payments group Payzone made an operating loss of €152.9 million in the six months to the end of March 2008, according to figures published yesterday.
Ireland
Economics & Finance
Director of Corporate Enforcement's application against DCC begins
19.06.2008 23:36
ireland.com
Paul Appleby is seeking the appointment of an inspector to the company, writes Mary Carolan
Ireland
Economics & Finance
€520,000 in 'termination pay' for former stock exchange chief
19.06.2008 23:35
ireland.com
THE FORMER chief executive of the Irish Stock Exchange, Tom Healy, received "termination payments" of €520,000 when he retired from the business last year, new filings indicate.
Ireland
Economics & Finance
Judgment reserved in Fanning case
19.06.2008 23:35
ireland.com
THE HIGH Court has reserved judgment on an application by former Smart Telecom chief executive Oisín Fanning for permission to bring a legal challenge to the October 2006 buyout of the company by businessman Brendan Murtagh.
Ireland
Economics & Finance
Elan's share health improves but relapse is possible
19.06.2008 23:35
ireland.com
Elan's shares have yet to recover all the ground they lost since their first major collapse in 2002, writes Dominic Coyle
Ireland
Economics & Finance
Icahn loses battle to control Biogen
19.06.2008 23:35
ireland.com
BILLIONAIRE INVESTOR Carl Icahn has lost his battle for control of biotechnology company Biogen Idec as shareholders voted down his candidates for the board.
Ireland
Economics & Finance
Ex-'Bear' fund managers indicted on federal charges
19.06.2008 23:35
ireland.com
TWO FORMER Bear Stearns hedge fund managers were yesterday indicted on federal charges that they intentionally misled investors about the financial condition of the investment vehicles that collapsed last year.
Ireland
Economics & Finance
Siemens chief warns of shortage of engineers
19.06.2008 23:35
ireland.com
IRELAND HAS the potential to be a world leader in wind and wave energy, but a shortage of engineers is hampering development, according to Siemens.
Ireland
Economics & Finance
Elan and CRH make good gains in a weak market
19.06.2008 23:34
ireland.com
Market report: THE ISEQ index of Irish shares just squeaked into positive territory yesterday, after a day that dealers said was very much a mixed bag. "It was weak early and the market sold, but it rallied during the day and just crawled above positive at the end of the day," one trader said.
Ireland
Economics & Finance
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