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Property activity may increase, but prices will suffer further falls

John Moran forecasts further falls in commercial property prices in the short-term but believes that the market is nearing its trough. But the incoming managing director of one of Ireland's top four commercial property consultants Jones Lang LaSalle also sees a number of silver linings in the clouds overhanging the property market.

Two Kerrymen walk into an LA bar … and emerge as tech pioneers

Six years ago, in a bar somewhere in LA, Tony McManus from Ballyduff, Co Kerry was winding down after a long day at the office.

Rents forced down by glut of homes

A flood of unsellable homes has forced down rental prices as homeowners instead turn to renting their properties, according to the Royal Institute of Chartered Surveyors (Rics).

The Week Ahead: Revenue erosion feared in Icap's outlook

The outlook is likely to be key when Icap posts its interim results tomorrow. The inter-dealer broker was sold last week when Morgan Stanley forecast a contraction in earnings next year and investors will no doubt be keen to hear the company's side of the story.

Credit insurers face huge rise in premiums

Credit insurers face having to pay big increases in reinsurance premiums in the coming months as the effects of the credit crunch worsen.

Rock makes Damascene conversion on repossessions

Northern Rock has undergone a Damascene conversion over its treatment of mortgage customers in arrears, a debt charity has said.

Hamish McRae: Should we keep our powder dry?

We are still in the early stages of the downturn but we can - in a funny way - see more about the policy response to it than we can about its scale and shape.

Leaders united by desire to avoid repeat of credit crisis

The leaders of the G20 most powerful nations gathered in Washington last night to plan a new era of international co-operation aimed at preventing a repeat of the financial crisis that has engulfed the global economy.

David Prosser: It's not how big the bonus is, but how you hand it out

Wouldn't it be lovely to characterise the decision by Goldman Sachs executives to give up their bonuses as a triumph for the millions of mere mortals who have been enraged by the staggering awards paid to investment bankers? Would that it were so, but the reality of the Goldman affair is more spin than substance.

Fair trading complaint against Man Utd by fans

A group of Manchester United fans has asked the U.K. Office of Fair Trading to investigate the Premier League soccer club's ticketing policy.

Sir Stelios may return as easyJet chairman in row over strategy

The founder of easyGroup, Sir Stelios Haji-Ioannou, yesterday threatened to reinstall himself as chairman of easyJet during a row about the airline's growth strategy.

RBS to axe 3,000 jobs as Citi staff braced for more cuts

The jobs cull in the banking industry continued apace yesterday as Royal Bank Scotland prepared to cut 3,000 staff from its investment banking business, National Australia Group announced it is axing 350 at its UK banks Clydesdale and Yorkshire, and Citigroup staff braced themselves for another 10,000 redundancies worldwide.

So, is it really worth buying organic as the recession bites?

The organic movement blossomed in the boom years. From the early '90s onwards, organic sales grew on average 20pc a year, doubling in the last five years alone from €38m to €66m. It's not surprising, given how much organic food stuffs cost.

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