Radio station makes waves with profits
Published 06/10/2010 | 05:00
DUBLIN radio station FM104 managed a rare turnaround in 2009 according to its annual report. The UTV-owned broadcaster generated after-tax profits of €1.67m in 2009, compared to a loss in the previous 14 months of €1.9m.
UTV paid €52m for the station in 2007, after competition authorities blocked a takeover by Newstalk owner Communicorp.
Creditors take over at Golden Pages
DEBT FOR EQUITY
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Web bookings firm records €10m loss
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Moody's lowers Anglo bond ratings
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Japan drops rates in last-ditch rescue bid
THE Bank of Japan has sliced the country's wafer-thin benchmark interest rates in a desperate bid to stop a bleak economic outlook turning worse. Although the move took Tokyo's dealing rooms by surprise yesterday, it had been widely expected since last week that the Japanese central bank would be forced to lower its forecasts.