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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.

Japan keeps rates on hold at 0.3%
Japan's central bank keeps its key rate unchanged at 0.3% on Friday but warns of an uncertain outlook.
Bank of Ireland shares surge on takeover reports

Bank of Ireland Plc, the country's biggest lender by assets, climbed in Dublin trading on reports that U.S. buyout firms are preparing to buy a stake in the bank.

Colombian scam suspect extradited
Panama extradites a Colombian suspected of running the country's biggest pyramid finance scheme.
Yugo gone
Serbia's iconic vehicle finally runs out of road
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.
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.

Santander snubs UK shareholders
The giant Spanish bank Santander has excluded 1.8 million UK shareholders from taking part in a new share issue.
'Daily Mail' cuts jobs and costs

The owner of the 'Daily Mail' newspaper has axed hundreds of jobs and launched a £100m drive to boost revenues, as it becomes the latest publishing group to feel the grip of the financial crisis.

Eurozone business activity falls
Business activity in the 15 countries sharing the euro falls in November to a ten-year low, the purchasing managers' index (PMI) shows.
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.

Shares in Ford and General Motors tumble as $25bn-bailout hopes fade

Shares of General Motors Corp tumbled as much as 39pc to hit a 70-year low yesterday as prospects dimmed that lawmakers would reach a compromise on a proposed $25bn bailout for US automakers before Congress adjourns this week.

Bord Gais may drop request for further price hike

Bord Gais is reportedly set to abandon its request for a further price increase from January.

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