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Fears of company closures as banks tighten grip on lending

Small businesses continue to be crippled by the lack of lending from the banks and more than 50pc of SMEs have been refused access to finance in the past few weeks, according to new figures.

The end of Woolies?

Ardeshir Naghshineh, the commercial property investor who owns a 10 per cent stake in Woolworths, is thought to be in talks with another entrepreneur to make a joint bid to buy the high-street chain.

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.

Bank share recovery fails to offset drop in general market

DUBLIN shares fell yesterday after a recovery in bank shares failed to offset a drop in the general market and the ISEQ Index ended the session with a decline of 33.97 points or 1.39pc to 2416.22.

Jobs fair seeks to lure Lithuanian workers home

A jobs fair is being held in Dublin today to encourage Lithuanians to return and find employment in their homeland.

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.

3 Ways to Kill a Deal in China
Why should you fight over the bill during a Chinese business dinner? Read on to find out.
Microsoft hope as Yahoo's Yang steps down

Yahoo said Jerry Yang will step down as chief executive as soon as the board finds a replacement, sending shares up 4 per cent on hopes the departure would clear the way for a deal with Microsoft.

ASOS buoyed by further sales rise

Online fashion retailer ASOS today continued to defy the downturn after reporting a doubling in sales and a 68 per cent rise in interim profits.

President-Elect Obama: What Will Change Really Mean to Small Business?
While small-business owners and advocates cheer the economic stability and confidence an election outcome may bring, many remain wary of the president-elect's tax proposals and the long-term direction of the economy
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.

Economy faces worst year in three decades, says CBI

The British economy is set to suffer its worst year in three decades in 2009, contracting by as much as 1.7 per cent, according to new forecasts from the CBI.

Retailers slash prices to prop up sales

A smaller-than-expected fall in official retail figures provided scant consolation for retailers today as they embarked on a major round of price cuts in order to prop up sales.

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