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In brief: Tullow strikes it rich with oil find

Tullow Oil yesterday announced another oil discovery in Ghana. The result encouraged brokers to up estimates for the nearby Tweneboa prospect, which is now believed to hold up to 750 million barrels of oil.

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IL&P in takeover talks with EBS management

Irish Life & Permanent is in preliminary takeover talks with EBS, which could result in the building society giving up its 73-year history of mutuality.

Bank of England considered huge rate cuts

The Bank of England considered slashing interest rates by more than 200 basis points this month before settling for a smaller but still spectacular cut, raising expectations of further big cuts to stave off a deep recession.

Private equity consortium puts together €3bn bid for BoI

Little-known Irish investment firm Cardinal Asset Management has assembled a €2.5bn-€3bn private equity bid to recapitalise Bank of Ireland -- which could ultimately see investors cede 60pc of the country's second biggest lender.

Housing starts now at lowest level for 50 years

Construction of new homes in the United States plunged last month to the lowest level for nearly 50 years as builders slashed production while Wall Street nosedived.

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Here at STYLE WATCH we've always thought Pixie Geldof had the edge on her permanently foho clad sister in the style stakes.

Crude falls below $50 a barrel for first time since 2007

Oil prices plunged over $3 yesterday, briefly dipping below $50 a barrel as 16-year high US unemployment figures and plummeting stock markets caused investors to price in lower crude demand.

Nationalisation threat to banks

The Government is using the threat of a wholesale nationalisation of banks in an attempt to force institutions to lend billions to small companies struggling to survive as Britain slips into recession.

Screens turn red as ISEQ plummets

Trading screens across Dublin turned red as bank shares and later industrial stocks came under the hammer as a wave of negative sentiment swept global markets.

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Citigroup considers fire sale as shares dive

Citigroup assembled its board to "think the unthinkable" yesterday, with a fire sale or a break-up of the financial giant on the table.

Irish Life and Permanent confirms talks with EBS

Irish Life and Permanent has announced that it is in discussions with the EBS building society about how the two institutions might work together in the current market environment.

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