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Saturday, November 7, 2009 Previous editions

Business

Aer Lingus long-haul numbers fall 26%

LONG-haul passenger numbers at Aer Lingus continued to plunge last month, while British Airways was preparing to cut thousands of jobs.

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Flahavans to invest €1.6m in Waterford mill

FLAHAVANS, which supplies 65% of the porridge consumed at our breakfast tables daily, is embarking on a €1.6 million investment in its mill in Kilmacthomas, Co Waterford, home to the business for the past 200 years.

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Shell Ireland receives €90m from parent firm to complete Corrib gas works

SHELL Ireland has received a €90 million cash injection to complete its controversial works to allow gas be taken from the Corrib gas field.

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State ‘must focus on organic food sector’ to ease agricultural crisis

AGRICULTURE is in crisis and there is a lack of vision from the mainstream farming organisations and the state as to what direction it should take, the Irish Organic Farmers and Growers Association has claimed.

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Election candidate insists IFA must focus on gaining equality for farmers

ENSURING that farmers are treated as equal partners with government, processors and retailers must dominate the Irish Farmers’ Association agenda over the coming years.

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Ryan appointed to IL&P board

Dublin: The chairman of Irish Life & Permanent, Gillian Bowler, has announced that Pat Ryan will be appointed to the board as a non-executive director effective from the next board meeting on December 15.

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7.9% contraction predicted this year

Dublin: Ireland’s economy is projected to contract by 7.9% in 2009 and a further 1.8% in 2010, according to PwC’s latest Economic Outlook.

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Kenny to meet business chiefs

Cork: Fine Gael leader Enda Kenny will meet Cork business leaders on Friday next in the fourth of a series of meetings with business leaders around the country in the coming weeks.

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Bord Gáis signs Micro-CHP deal

Cork: Bord Gáis has signed a €1.8 million deal with Ceres Power to provide small-scale combined heat and power (Micro-CHP) products to the residential market.

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Ulster Bank still ‘core part of RBS’

ULSTER Bank chief executive Cormac McCarthy has stressed that the company remains a core part of parent group Royal Bank of Scotland (RBS), despite the Irish bank posting operating losses of £85 million (€97m) for the third quarter of the year.

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IFG hopes to cut debt by €5m

FINANCIAL services group IFG is hopeful of reducing its net debt levels by around €5 million by the end of this year.

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Cork ‘has potential’ to become world leader in the production of medicine

CORK has the potential to have the same reputation as a producer of medicine as Switzerland does for watches.

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Market makes moderate gain

THE ISEQ index added a small gain of 6.67 to close at 2,971.96 yesterday.

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Records warning for web giants

Brussels: Google, Microsoft and Yahoo! must limit the amount of time they keep internet-search records and can’t justify keeping the information beyond six months, European Union officials probing possible breaches of EU privacy laws said.

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Apple opens first French store

Paris: Apple, maker of the iPhone and iMac computer, opens the doors tomorrow to its first store in France, sharing a home with Leonardo da Vinci’s Mona Lisa at the Louvre museum.

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Heineken cheer for British beer market

Amsterdam: Heineken’s chief executive said the British beer market has “turned the corner” after the “unfortunate timing” that saw the Dutch company become Britain’s biggest brewer in a merger almost two years ago.

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