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Wednesday, March 17, 2010 Previous editions

Business

Banks to learn of NAMA details

IRISH banks expect to be informed shortly by the Government how much capital they will need to hold as operating financial institutions.

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Union agrees enhanced Halifax lay-off terms

THE UNITE trade union has reached agreement with Bank of Scotland (Ireland) on enhanced redundancy terms for the 750 employees due to lose their jobs at the company’s retail banking arm, Halifax.

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Euro’s future looks shaky as nations struggle to escape mountains of debt

THERE is considerable confusion about the “deal” reached by European finance ministers to bail out the Greek economy.

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Debenhams says sales are improving since Christmas

BRITISH department store Debenhams has said that like-for-like sales in the first half of its current financial year have risen marginally and that sales have been improving since Christmas.

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Irish firm scoops tidal energy contracts

LEADING Irish firm SSE Renewables has won a series of lucrative tidal energy contracts in north-east Scotland as part of a multi-billion euro project in a location described as “the Saudi Arabia of marine power”.

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Details of Greek loan package yet to be agreed

WORK will continue this week on the details of an emergency loan package for Greece from eurozone countries – but all, including Ireland, will be working to ensure that they never have to pay out money.

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NTMA bond auction raises €1.5bn

THE National Treasury Management Agency (NTMA) has successfully raised more than half of its total fundraising targets for 2010, after its latest auction of government bonds raised €1.5 billion.

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Significant decline in earnings expected in ICG’s full-year results

A SIGNIFICANT decline in earnings is expected when leading ferry and freight services business, Irish Continental Group (ICG) publishes its full-year results, for 2009, next week.

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Bids for NTR’s Greenstar to close with up to three bids in prospect

BIDS for NTR’s Greenstar waste management business are set to close today with up to three or more bids in prospect.

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IFA targets €250m reduction in input and service costs to farmers

A €250 million reduction in input and service costs to farmers is being targeted by the Irish Farmers Association (IFA).

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Landowners urged to be vigilant over forest fires after harsh winter

LANDOWNERS were warned forests are at the risk of fires after the harsh winter.

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