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Woolworths stores start shutdownA quarter of Woolworths stores will close tomorrow as the end looms nearer for the failed British retailer. Read more | Comments
Belfast backs runway expansion, claims airportThe public battle over runway extension plans at George Best Belfast City Airport heated up today when the airport claimed the vast majority of people in the city were behind them. 
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Reasonable gains for US stocksWall Street brushed off more bad economic news today and finished with a rally that left stocks at their highest levels in two months. FTSE continues upward surgeThe FTSE 100 Index held on to its New Year rally today as retail cheer helped offset more bad news for the economy. Ryanair demands EGM of Aer Lingus shareholdersRyanair has demanded an extraordinary general meeting of shareholders at Aer Lingus, amid ongoing controversy over its takeover bid. Strong sales in Debenhams designer rangesSales of designer ranges are booming in the economic and consumer downturn, department store chain Debenhams said today. Aer Lingus claims Ryanair takeover bid is a failureAer Lingus says Ryanair's takeover bid is failing. Positive retail results steer FTSE upwardsBetter-than-feared trading updates from retailers Next and Debenhams helped steer the FTSE 100 Index towards a sixth straight session of gains today. Foreign direct investment up 14% last yearThe level of foreign direct investment in Ireland increased by 14% last year, according to the IDA's end-of-year statement. CRH leads ISEQ on upward curveThe ISEQ index of Irish shares fared well in early trading, cheering 71.38 points to 2, 573.26 by 11.15am. Happy Christmas for New LookUK fashion chain New Look said today that it enjoyed a successful Christmas after sales rose 2.8% on a comparable basis with a year earlier. Caution returns to Wall StreetCaution returned to Wall Street today as investors gave back some gains from last week’s rally even as they found encouragement from President-elect Barack Obama’s calls for an economic stimulus package ISEQ up 3%The ISEQ index of Irish shares closed at 2, 501.88 today, an increase of 82.38 points or 3.4%. FTSE up for fifth day in a rowThe FTSE 100 Index notched up its fifth straight day of gains today, despite lacklustre trading on the London market. Jobs threat at City of Derry AirportJobs at the loss-making City of Derry Airport are under threat, it was revealed tonight. Calls to save Waterford WedgwoodWorld-renowned company Waterford Crystal is too important to be allowed to shut down, union leaders warned today. Around 60 jobs could be saved at Adams in NorthAround 60 jobs could be saved after administrators said some Adams Childrenswear stores would stay open in the North, it was revealed today. Company liquidations double to 575 in 2008The number of companies going into liquidation in Ireland has doubled over the last year. Adams announces store closuresAround 850 jobs are being axed at failed UK childrenswear chain Adams as administrators announced the closure of 111 stores today. M&S stages Footsie rallyMarks & Spencer shares rallied today despite fears of a worst-ever Christmas for the leading high street chain. UK interest rates set to hit new lowInterest rates are set to hit a record low this week as the Bank of England grapples with a deepening recession. Survey shows credit crunch’s effect on businessA new survey shows the credit crunch has had a powerful effect on business activity in recent months. Final day for 200 more Woolworths storesTwo hundred more Woolworths stores will close across the UK today after being given a one-day reprieve by administrators. Toyota plants 'cancelled'Toyota Motor Corp is reportedly halting plans to build new factories in Thailand and Russia to cope with faltering demand amid a global recession. Big rally on Wall StreetUS stocks started the new year with a big rally, sending the Dow Jones industrials up more than 250 points and to their first close above 9, 000 in two months ISEQ begins year on positive noteThe ISEQ index of Irish shares began the new year on a positive note today, closing up 76.23 at 2, 419.50. Footsie kicks off 09 with a bangThe FTSE 100 Index joined stock markets globally in kicking off 2009 with a bang today in spite of more gloomy economic data. Pension vote could delay HBOS mergerThe Lloyds TSB-HBOS merger faces fresh opposition after trustees of the HBOS pension fund today voted to ask in court for the deal to be delayed until better protection is offered for the scheme. Bleak UK economy news can't stop FTSE gainingMore bleak news on the state of the UK economy failed to prevent the FTSE 100 Index from starting the year on the front foot today. ISEQ starts 2009 on positive noteThe ISEQ index of Irish shares began its 2009 session with an increase of 48.73 points by 11am this morning. Free job-loss refund insurance for fliersBritish regional airline Flybe is offering free insurance to its customers, enabling them to get a full refund if they lose their jobs, it was announced today. |
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