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United Drug enjoys €70.5m profits despite fall in sterling

United Drug reported a pre-tax profit of €70.5m for its fiscal year, despite taking a hit on sterling's decline in value.


Debt outlook for builders CRH lowered to 'negative'

THE outlook on CRH debt has been lowered by ratings agency Moody's who cited the firm's high exposure to the weak building materials markets in the Americas and an expected weakening in cash flow as it moved the outlook on the company's debt from 'neutral' to 'negative'.


BoI shareholders seek legal advice over deal

Three major foreign shareholders in Bank of Ireland have sought legal advise in recent days about taking an injunction if existing shareholders are locked out of a potential multi-billion deal to invest in the 225-year-old lender.


Alternative Places to Network
Look beyond your standard groups and cocktail receptions for business connections that really work.
Firms hailed for conservation bid

ENERGY


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.


ESB will secure top 10 ranking with €4bn UK expansion plans

A €4bn expansion plan will secure ESB International a top 10 ranking among companies operating in the British electricity market, it said yesterday.


Citi Leads Broad-based Relief Rally In Financials
Citi Leads Broad-based Relief Rally In Financials
AIB raises €2bn by tapping the bond market

Allied Irish Banks yesterday became the first Irish lender to tap the bond market following the €440bn Government guarantee scheme -- raising €2bn.


Fed's Lacker: Zero Interest Rates Won't Stop Central Bank
Fed's Lacker: Zero Interest Rates Won't Stop Central Bank
Severson joins Trinity board

BIOTECH


Georgia's Community Bank Closes, Bought by Bank of Essex
Community Bank became the latest in a string of retail bank failures in the last few weeks.
Formation Group facing a €13m hit after collapse of Landsbanki

The company which acts as agent for Irish international footballer Richard Dunne and Sunderland manager Roy Keane faces a possible €13.6m hit as a result of the collapse of Icelandic bank Landsbanki.




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