Moody's puts 'Aa1' rating on NAMA
MOODY'S has assigned the same rating to NAMA's debt as the rating agency has assigned to the rest of the Government's debts.
Moody's stamped an 'Aa1' rating on senior unsecured debt issued by NAMA, which is backed by a full guarantee from the Government. Like the rest of the nation's debts, the rating has a negative outlook.
EU and Iceland in membership talks
EUROPEAN Union leaders agreed yesterday to start membership negotiations with Iceland, while urging Reykjavik to move quickly to resolve a dispute over €4.04bn in debts to Britain and the Netherlands. Iceland applied to join last year, after the global financial crisis devastated its banking system. The crisis persuaded the country to overcome decades of reluctance towards EU membership and seek the added defences of Europe.
DCC sells M&R business for €37m
BUSINESS support services group DCC has agreed the sale of its mobility and rehabilitation (M&R) business to Patterson Medical. The deal is worth €37m. The assets being sold comprise DCC's 94pc shareholding in Physio Med Services, its 60pc shareholdings in Ausmedic Australia and Metron Holdings and the business of Days Healthcare UK Limited.
World Cup sparks soar in UK sales
BRITISH retail sales rose six times faster than expected on the month in May as consumers flocked to electrical goods stores ahead of the World Cup, the British Office for National Statistics (ONS) said yesterday. The ONS said sales volumes, including transport fuel, rose 0.6pc last month and 2.2pc on the year. Analysts had forecast a rise of 0.1pc on the year for an annual rise of 2pc.
33pc rise in job opportunities
LAST month saw the highest number of new professional jobs coming on the market since October 2008, Compared to May a year ago, there was a 33pc increase in new job opportunities for professionals. The data is registered by Irish employment monitoring service Premier Group. The research also found that the number of professionals beginning their job search decreased by 4pc last month compared to April.