Greencore strikes Superdrug deal
Published 31/05/2010 | 05:00
Greencore has agreed a deal with British pharmacy chain Superdrug to sell sandwiches and chilled foods through its stores, the 'Sunday Business Post' said, citing the foodmaker's chief executive Patrick Coveney.
The Dublin-based firm will start supplying Superdrug later this year.
AAA rating is 'a stretch' for French
French Budget Minister Francois Baroin said yesterday the objective of keeping the country's AAA rating was "a stretch" and had an impact on economic policy decisions related to cutting the deficit. In an interview on Canal+ TV, Mr Baroin was asked whether France's plans to tackle its ballooning deficit had been announced in order to keep its AAA credit rating.
Short-selling ban is mistaken -- LSE
The head of the London Stock Exchange (LSE) said the German government's ban on naked short-selling of some financial instruments is "mistaken" and risks being counterproductive. LSE chief executive Xavier Rolet said his exchange could help governments and investors manage the financial crisis by being more efficient and by advising on rules.
Shares sale nets UK lender €440m
Standard Chartered, the UK lender that makes at least three-quarters of its profit in Asia, raised about 24.9bn rupees (€440m) from the sale of shares in India, the lower end of the proposed offering. The shares, which were offered to investors for 100 rupees to 115 rupees each last week, were sold for 104 rupees apiece, the bank said yesterday.
C&C staff pension dispute escalates
C&C Group workers were told by SIPTU to ignore managers' demands that they give up a defined benefit pension plan, the 'Sunday Times' reported. The union warned C&C it will go to the Labour Relations Commission if the company doesn't negotiate directly with it.