TODAY'S PAPER
By Conor Keane, Business Editor
Aer Lingus has no plans to reintroduce its Cork-Dublin service and it is likely thatthe service will never be reintroduced, chief executive Christoph Mueller told Cork’s business community yesterday.
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Ireland would see any ECB contribution to the restructuring of Greek debt as a precedent that would boost Dublin’s efforts to ease the burden of its own sovereign debt, Finance Minister Michael Noonan said last night.
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By Rose Martin
British property investment firm Development Securities has formally announced its intention to acquire assets from Nama believed to be developer Gerry Gannon’s property portfolio in Britain.
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The ISEQ index fell 17.25 points to 3,106.85 yesterday amid uncertainty over the Greek bailout deal.
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By Lorraine Turner
Packaging group Smurfit Kappa will reinstate its dividend following a two-year hiatus after successfully lowering its debt and on the back of an improved outlook.
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By Padraic Halpin
Drugmaker Elan’s fourth quarter revenues fell by a higher-than-expected 14% on the sale of its drug delivery business, a hit it sees itself making up for through sales of multiple sclerosis drug Tysabri in 2012.
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By Joe Dermody
Frontloading even €2m of the funds available under the Dairy Equipment Scheme would give rural communities a lift, ICMSA deputy president Pat McCormack has argued.
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By Paul Mills
At a time of economic crisis, just like the one we are in right now, it’s easy for short-term decisions to be taken that have the potential to have dangerous long-term repercussions.
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By Joe Brennan
Moody’s Investors Service says that Ireland’s proposed personal insolvency laws, which will introduce a measure of debt forgiveness for “unsustainable” home loans, is credit negative for Irish residential mortgage backed securities.
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By Ann Cahill, Europe Correspondent
Farmers have been warned to be on the look-out for a new virus affecting mainly sheep, but also cattle and goats across Europe.
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By Gordon Deegan
Accumulated losses at a property development firm controlled by one of the largest providers of accommodation to asylum seekers in Ireland increased to €15.6m in 2010.
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By Tom O’Connor
Greece is once again teetering on the brink. It was supposed to agree a €130bn bailout deal with the EU/IMF on Monday. It has been postponed twice. The deadline is Feb 15.
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By Joe Brennan, Bloomberg
Ireland may try an “opportunistic” bond sale should its debt continue a two-and-a-half-month rally after the European Central Bank floods banks with a second round of three-year loans later this month, according to Dublin-based Goodbody Stockbrokers.
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By Vincent Ryan
Cork-based Ocean Energy Ltd has signed a multi-million euro deal to test its wave generator at an offshore marine energy test site near Cornwall, England.
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By Seán McCárthaigh
Ryanair’s agreements with several European airports is to come under further scrutiny after the European Commission announced yesterday it had opened an in-depth investigation into potential state aid at La Rochelle airport in France.
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By Stephen Rogers
Gambling huge sums of money on unsafe investments may have got this country into its mess, but one US mutual funds company has bet billions that Ireland can bounce back from the brink of disaster.
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By Ann Cahill, Europe Correspondent
Eurozone finance ministers will meet in Brussels this evening, when they expect to finalise details for a second bailout for Greece together with cuts on bondholders that will trigger a temporary selective default.
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