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Cider party's over

With cider sales and profits set to fall for the second year running, chief executive Maurice Pratt was left with little choice but to resign this week. The 90pc fall in its share price since the beginning of last year makes a takeover of the only quoted Irish drinks group virtually inevitable.

Share values on Irish Exchange down more than 6%

Share values on the Irish Stock Exchange have fallen by more than 6% in early trading this morning, with bank shares bearing the brunt of the hit.

Credit crunch glee
Iran celebrates the global meltdown, but for how long?
Sunday Independent probe forces €3.5m ESB payout

THE ESB is being forced to repay €3.5m to overcharged customers nationwide as a result of a Sunday Independent investigation.

Watchdog backs giant mining deal
BHP Billiton's proposed $114bn hostile bid for rival mining giant Rio Tinto is cleared by Australia's competition watchdog.
O'Dea denies reports of imminent Dell closure

Defence Minister Willie O'Dea has denied being informed by Dell executives that the computer giant plans to end its Irish operations early next year.

US bans key Indian drug imports
The US FDA says it has banned the import of more than 30 generic drugs made by Indian drug firm Ranbaxy.
Many pension schemes 'will collapse' unless radical action is taken

A LARGE number of company pension schemes are close to collapse and will fail over the coming months unless radical action is taken, pension fund managers have warned.

Banks cave in to rate-cut pressure

SIX leading lenders bowed to enormous political and public pressure yesterday and said they would reduce mortgage rates.

Elan falls after Merrion cuts rating

The pharma's stock fell after a downgrade from 'hold' to 'reduce' by Merrion Capital

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