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Last Updated: Nov 3, 2007 |
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Nilke to acquire UK football jersey brand Umbro in all-cash offer
NIKE, Inc.today announced that it has reached agreement on an all-cash offer to acquire Umbro plc, a leading United Kingdom-based global football (soccer) brand with more than 70 years of experience in the world’s No. 1 sport and the world’s biggest football market.
Oct 23, 2007
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Comment: All the King's Men - The Ireland that made Charles Haughey
Charles Haughey, former Taoiseach (Irish Prime Minister), who died on Tuesday, was a controversial politician who inspired great loyalty that was matched in equal measure, by disdain.
Jun 15, 2006
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SIPTU concerns over Jurys takeover
The union SIPTU is raising concerns with the management of Jurys Doyle Hotel about a �1.1 billion takeover approach for the company. The staff are also seeking clarification about a second deal which sees the company sell its Ballsbridge site.
Aug 5, 2005
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Shares jump in C&C due to Magners potential
Irish ISEQ Index shares in drinks and snacks firm C&C rose dramatically today after Deutsche Bank upped its price target, saying the expected highly profitable growth of its Magners cider brand was not fully reflected in its valuation.
Aug 5, 2005
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German industrial production rises in June
Industrial production in Germany rose at trhe highest rate in five months in June as the euro fell against the US dollar and companies invested more in construction and machinery, improving the outlook for growth in Europe's largest economy.
Aug 5, 2005
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OECD Composite Leading Indicators show slightly improved performance in June 2005
Weak activity lies ahead in the OECD area according to the latest composite leading indicators (CLIs). However, June data showed improved performance in the CLI�s six month rate of change in each of the Group of seven major economies except Italy.
Aug 5, 2005
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Smurfit-Stone to close 3 North American packaging plants
Smurfit-Stone Container Corporation today announced plans to permanently close production capacity at three North American containerboard mills as part of the company’s ongoing assessment and restructuring efforts.
Aug 5, 2005
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US adds 207,000 jobs in July; unemployment rate unchanged at 5%
Nonfarm employment grew by 207,000 in July, and the unemployment rate was unchanged at 5.0 percent, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. Over the month, payroll employment rose in many service-providing industries.
Aug 5, 2005
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AIB Capital Markets wins Aer Lingus stake sale advisory role
The Minister for Transport, Mr. Martin Cullen, T.D., today announced the appointment of financial advisors to advise him and the Minister for Finance on the size, type and timing of the planned new ownership structure of Aer Lingus as well as to execute the selected transaction. Those advisors are AIB Capital Markets and UBS Limited.
Aug 5, 2005
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UK PM Tony Blair vows hard line on fanatics
UK Prime Minister Tony Blair has outlined plans to extend powers to deport or exclude foreigners who encourage terrorism.
Aug 5, 2005
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Greater competition in EU mortgage market would save €94.6 billion in 10 years
The European Commission has published a report on the costs and benefits of further integration of the EU mortgage credit market, carried out on its behalf by London Economics, a UK-based economic consultancy which was awarded the contract after an open call for tender.
Aug 5, 2005
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World Business News Stories of Week 31, August 2005
Principal World Business News Stories of the week.
Aug 5, 2005
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Trichet defends interest rate decision
The President of the European Central Bank, Jean-Claude Trichet, has defended Thursday's decision by the bank to maintain its key eurozone interest rate at 2%, saying the rate was 'appropriate' while highlighting signs of a pick-up in the eurozone economy.
Aug 5, 2005
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Oil prices rise on renewed supply fears
Oil prices have risen Friday with the market concerned about supply after US oil giant ExxonMobil missed a deadline to reopen a major refinery.
Aug 5, 2005
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London tube passenger numbers fall by 30%
Tube passenger numbers have dropped by 30% at weekends and between 5% and 15% on weekdays, since the 7 July bombings, a senior manager has told BBC News.
Aug 5, 2005
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British Airways Q1 pre-tax profit increases to £124 million
British Airways today reported A pre-tax profit of £124 million for the first quarter to June 30, 2005, from a £75 million for the same period in 2004.
Aug 5, 2005
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EasyJet's third quarter revenue climbs to £342.9 million in three months to June, as passenger numbers soar.
UK airline EasyJet, today released their third quarter results, posting an increase in both revenue, and passenger numbers, despite rising fuel costs and declining demand for flights to London, after the London bombings.
Aug 5, 2005
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Friday Newspaper Review - Irish Business News and International Stories
Review of principal news stories in the Irish
Independent, Irish Times, Irish Examiner, Financial Times and New York Times.
Aug 5, 2005
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Ireland: Over 12% of persons aged 18+ felt discriminated against in the past two years
In the fourth quarter of 2004, almost 382,000 or 12.5% of
persons aged 18 or over felt they had experienced discrimination in the two year
period prior to a survey by the Central Statistics Office.
Aug 5, 2005
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Oil shock simulation shows US losing 2m jobs, the largest drop since 1945
The spike in oil prices following the death of King Fahd of Saudi Arabia illustrates how sensitive the oil markets are in a period of high oil demand and very little spare production capacity.
Aug 5, 2005
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US retail sales moderate in July
Lower summer-clearance inventories, strong motor vehicle demand and warmer weather caused a moderation US in retail sales for July. Chain store sales for the month rose 3.6 percent year on year, according to an ICSC survey of 71 chain stores. That is below June's 5.2 percent but about even with the 3.8 percent year-to-date.
Aug 4, 2005
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Irish SMEs lose 5.5 days per employee a year from absenteeism
According to the Small Firms Association, which just released its fifth annual report on absenteeism, small businesses lose an average of five and a half days per employee per year because of unscheduled sickness or absenteeism.
Aug 4, 2005
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New National Development Plan in the pipeline
The Government today announced that it will prepare a second National Development Plan which will begin in 2007.
Aug 4, 2005
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Ulster Bank income up 18% in 6 months
Ulster Bank’s net interest income rose by 18% to £306m (440m) on the back of strong growth in both average customer lending and deposits, in a six month period.
Aug 4, 2005
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ECB keeps key interest rate at 2%
At today’s European Central Bank monthly meeting, which was held in the form of a teleconference, the Governing Council of the ECB decided that its key interest rate should remain unchanged at 2%.
Aug 4, 2005
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Bank of England reduces Interest rates by 0.25% to 4.5%
The Bank of England's Monetary Policy Committee today voted to reduce the Bank's repo rate by 0.25 percentage points to 4.5%.
Aug 4, 2005
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Beef baron Goodman receives €10,000 a week from EU in farm dole
Beef baron Larry Goodman is receiving €10,000 a week in farm dole from Brussels under the EU's Common Agricultural Policy (CAP), according to a report in the Irish Independent.
Aug 4, 2005
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ICI reports half year profit before tax up 12 percent
Imperial Chemical Industries Plc, the company behind Dulux paint today reported a positive outlook for 2005, after price increases helped the company to recover the value of increased raw material costs.
Aug 4, 2005
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Bank of Ireland funds first rail project in Canada in Can$1.8bn deal
Bank of Ireland Corporate Banking today announced that it is one of the Mandated Lead Arrangers in the Richmond-Airport-Vancouver ("RAV")rail project in Vancouver, Canada.
Aug 4, 2005
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Unilever remains positive despite European slump
Unilever today released its second quarter and first half year results for 2005, signaling slowed activity in their Western operations. However, the European manufacturer of Dove soap and Hellmenn's mayonnaise, said today they remain positive and expect sales to rise between 2 and 4 per cent over the year.
Aug 4, 2005
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