AIB repaying €1bn to bondholders
ALLIED Irish Banks will make its latest repayment to bondholders today. The bank will hand over some €1bn to senior unsecured bondholders, bringing to more than €18bn the amount that Irish banks have repaid to bondholders this year. The payment is the last one AIB will have to make this year, but other bailed-out Irish banks will be making a number of payments between now and the end of the year. The former Anglo Irish Bank, now IBRC, will be handing over some €27m worth of debt to senior unsecured investors in two tranches in November.
Investor confidence in economy stable
IRISH investors' confidence in the country's economy and their own financial situation has stabilised, according to the results of the latest RaboDirect Investor Barometer. The survey of RaboDirect investors reveals that 37pc of Irish investors are confident about the outlook for the economy over the next three months, the same number as April 2012. 76pc of investors are confident about their personal financial situation, up slightly from 74pc in April 2012.
Firms urge more action on growth
MORE than half of French companies operating Ireland feel the Government needs to do more to stimulate the economy, a new survey has found. Business outlook is positive for the fourth quarter of 2012 but companies still remain cautious, according to a quarterly survey from the Ireland France Chamber of Commerce. Some 64pc of those surveyed believe that while Government performance has been "sufficient" in tackling the economic crisis, not enough is being done to stimulate growth.
Agreement on aerospace merger
FRANCE and Germany are said to have agreed a common strategy for the planned $45bn (€38bn) merger of Airbus parent EADS and Britain's BAE Systems. The plan foresees France and Germany each holding a 9pc stake in the merged entity, which would be the world's largest defence and aerospace company. The Franco-German agreement would form the basis for their negotiations with the British government in talks this week. The merger has been held up so far because of disagreements about what control the two countries will have over the business.