Round Up
Round Up: 21,000 lose jobs in industrial sector
Over 21,000 people have lost their jobs in the industrial sector between June 2008 and June 2009, according to figures released by the Central Statistics Office.
Round Up: BA and Iberia to merge and create world's third largest airline
British Airways and Spain's Iberia have announced a preliminary agreement for a $7bn merger to create the world's third-largest airline by revenue.
Round Up: Bord Gáis looks ahead
Bord Gáis has announced a €1.8m deal with UK company Ceres Power to provide heating and power products to the Irish residential market.
Round Up: Constancio of the ECB says outlook is positive
European Central Bank governing council member Vitor Constancio said that indicators currently point to inflation being well under control on a horizon of 18 to 24 months.
Round Up: Consumer prices fall by 6.6% over the year
Consumer prices have fallen 6.6% since October last year, according to new figures released today by the Central Statistics Office. In October of this year, prices fell by 0.2% as measured by the Consumer Price Index.
Round Up: easyJet report fall in profits
British low-cost airline easyJet reported a 64.5% fall in full-year profits, hit by rising fuel costs and lower interest income but said it expected profits to be substantially higher in 2010.
Round Up: eBay sells Skype
EBay has completed the sale of its Skype unit, as it had vowed to do before the end of the year. A settlement reached earlier this month over pending litigation involving the web telephone services' founders, eBay and the buyers cleared the way for the sale.
Round Up: ECB's Trichet warns European countries about their fiscal policy
The fiscal situation in some European countries is so bad that there is a danger markets will lose faith in them, European Central Bank President Jean-Claude Trichet (pictured below)?warned in an interview.
Round Up: Ireland drops out of top 20 most attractive investment destinations
Ireland has dropped out of the top 20 most attractive global countries for investment, according to a new report.
Round Up: Irish retail sales down 10%
The volume of retail sales decreased by 10% in September 2009 compared to September 2008. There was a rise in retail spending of 2.1% in September compared with August of this year, according to data by the Central Statistics Office.
Round Up: JP Morgan takeover Cazenove
JP Morgan Chase & Co. is beefing up its European investment bank by buying the half of Cazenove it does not already own for £1bn in a deal valuing the revered 190-year old UK stockbroker at £2bn.
Round Up: Lehman Brothers files lawsuit against Barclays
Lehman Brothers Holdings Inc has filed a lawsuit against Barclays Capital Inc, alleging the British bank took control of excess assets in collusion with Lehman executives when it bought its US brokerage business a year ago, say court documents.
Round Up: Lehman Brothers files lawsuit against Barclays
Lehman Brothers Holdings Inc has filed a lawsuit against Barclays Capital Inc, alleging the British bank took control of excess assets in collusion with Lehman executives when it bought its US brokerage business a year ago, say court documents.
Round Up: Lloyds to cut 800 jobs
Britain's Lloyds Banking Group plans to cut around 800 jobs following changes to its life, pensions and investments operations after the bank lost an administration contract with insurer Equitable Life.
Round Up: Mixed results for H&M
Swedish fashion retailer Hennes & Mauritz (H&M) posted an unexpected 3% drop in sales at established stores in October, blaming the weak sales in some of its major markets on the global downturn.
Round Up: New EU President appointed
A majority of European Union leaders have agreed to appoint Belgian Prime Minister Herman Van Rompuy as EU president and Britain's Catherine Ashton as foreign affairs chief.
Round Up: Rents fall further around the country
Rents across the country have fallen a further 4% in the past three months, according to the latest report published by the property website, Daft.ie. The national average rent now stands at €771 - the lowest level in almost 10 years.
Round Up: Ulster Bank report losses
Ulster Bank has reported a third-quarter loss of £85m, citing increased impairment losses, funding costs and a difficult economic climate as the main causes.
Round Up: US mortgage rates at record lows
US fixed-mortgage rates sank to near record lows, said home funding company Freddie Mac, which adds an incentive for refinancing and home purchases.
Round Up: UTV revenue down 8%
Northern Irish broadcaster UTV Media said it expects 2009 operating profits to be broadly in line with market estimates, helped by cost cuts, but continues to be cautious about trading in 2010.
