Business News

Irish enterprise leaders predict lift in two years
Sun, 01 Aug 2010 05:00:00 +0100

"The end is in sight -- but how long is the tunnel?" asks Mark Fielding of small business owners group ISME.

Nama will not make a profit, a resounding 73 per cent of Ireland's business leaders now believe.

IRISH business owners won't be rushing out to buy shares in semi-State companies, if there is to be a sell-off.

MORE than half of Irish business owners agree with Communications Minister Eamon Ryan that some sporting events -- such as Ireland's involvement in next year's Six Nations -- should be designated free-to-air, and not go up on the TV rights market.

Almost two-thirds of Irish business owners would like Brian Lenihan to take over as Taoiseach from the embattled Brian Cowen, this year's Sunday Independent Business Owners survey found.

TWO of Irish Nationwide's property development companies, set up when the society was run by Michael Fingleton, are now sitting on a cash sum of €33m despite recent property write-downs in the Irish market.

Arrow Group, one of the meat-processing firms owned by Waterford's Queally brothers, ploughed into the red last year with a €1.9m pre-tax loss as revenue fell 18pc to just under €340m. The company had made a €4.6m pre-tax profit in 2008.

THE European Central Bank (ECB) was consulted in the critical days leading up to the controversial 2008 banking guarantee as the Government struggled with Ireland's burgeoning financial crisis

LIDL Ireland's 10th birthday celebrations have allowed it to showcase a decade of notable achievement in the Irish retail market.