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Ireland is facing 'a lost decade' due to private debt
Sat, 04 Feb 2012 05:00:00 +0000
THE Government is too focused on the question of public debt when it needs to concentrate on private indebtedness, according to a leading economist.
[read more]Desmond increases shareholding in INM
Sat, 04 Feb 2012 05:00:00 +0000
BILLIONAIRE investor Dermot Desmond has raised his stake in Independent News & Media, according to a stock-exchange filing issued last night. Mr Desmond's investment vehicle IIU Nominees said it had increased its stake in the publisher of this newspaper from 4.54pc to 5.75pc. IIU now owns 31.6 million shares in the company, according to yesterday's filing.
[read more]NAMA takes over control of 'landbank' site with €90m debt
Sat, 04 Feb 2012 05:00:00 +0000
The National Asset Management Agency (NAMA) has moved against developer David Agar, taking control of a "land-bank" development site with debts of €90m.
[read more]Viridian's wind-farm assets put up for sale
Sat, 04 Feb 2012 05:00:00 +0000
Irish wind-farm assets belonging to energy firm Viridian have been formally put up for sale by the company's Bahrain owner, Arcapita. They could fetch as much as €200m.
[read more]Devey firm is facing liquidation
Sat, 04 Feb 2012 05:00:00 +0000
A company at the heart of hotel and nursing home developer Terry Devey's business empire is facing liquidation.
[read more]BoI shares soar by 15pc in investor rush
Sat, 04 Feb 2012 05:00:00 +0000
SHARES in Bank of Ireland soared another 15pc yesterday -- putting them up more than 80pc for the year to date -- as institutional investors piled into the PLC.
[read more]Troika paper will extend to the wider restructuring of Irish banks
Sat, 04 Feb 2012 05:00:00 +0000
THE "technical paper" being worked on by officials from the EC/ECB/IMF bailout team extends to the wider restructuring of the Irish banking system and not just ways to lower the cost of Anglo Irish Bank's €30bn bailout.
[read more]Jobs take a hit as activity across the services sector shrinks again
Sat, 04 Feb 2012 05:00:00 +0000
ACTIVITY in the services sector shrank in January, for the second month running.
[read more]Video: Brokers woo Facebook staff in hope of sharing stock bonanza
Fri, 03 Feb 2012 05:00:00 +0000
BROKERS and other money managers have begun to descend on Facebook's Dublin staff in the hope of getting their hands on some of the fortunes that will be doled out to employees if they sell their shares.
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