independent

Saturday 19 April 2014

NIB rebrands as Danske Bank

NATIONAL Irish Bank said yesterday it had now rebranded in Ireland as Danske Bank.

The rebrand is part of a strategy to consolidate Danish-owned Danske's identity across each of its geographical regions and "to deliver new standards in banking".

Danske claims that the rebrand is further evidence of the bank's ongoing investment in Ireland.

Last week, 27 retail branches closed, to be replaced by nine advisory centres.

Enterprise boards get further €3.7m

MINISTER for Small Business John Perry yesterday announced the provision of an additional €3.78m to the County and City Enterprise Boards (CEBs) to fund job creation projects in the remaining months of 2012.

It could help create 505 new jobs, the minister said.

The additional funding is provided in response to specific requests from CEBs to meet identified demand.

Cuts deal saves the day at SAS

SCANDINAVIA'S flagship airline SAS has averted imminent bankruptcy after all eight unions signed new collective agreements.

The agreements will see jobs, salaries and pensions cut in the hope of restoring the company's competitiveness.

Seven unions from Sweden, Norway and Denmark gave their approval to the savings plan, but Danish cabin crew union CAU held out for the better part of the day.

"I am very happy that we managed to get a deal," said Helge Thuesen, chairman of CAU, which represents over 1,400 cabin attendants in Denmark. "We have stretched ourselves very, very far to reach out to SAS."

US housebuilding confidence on rise

CONFIDENCE among US homebuilders rose this month to its highest level in six-and-a-half years.

Confidence levels were driven by strong demand for newly built homes and a growing optimism that the housing recovery will strengthen next year.

The National Association of Home Builders/ Wells Fargo builder sentiment index increased to 46, up from 41 in October – the highest reading since May 2006, just before the housing bubble burst.

Readings below 50 suggest negative sentiment about the housing market. The index last reached that level in April 2006.

Irish Independent

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