Beer sales in pubs plummet again
The amount of beer sold in Irish pubs fell sharply again last year as people continue to drink at home. The Irish Brewers' Association said that while the beer market looked like it was stabilising in 2010 after a decade of falling consumption, there was a marked shift in the amount of beer being sold by off-licences and supermarkets rather than pubs.
O'Sullivan is new BoI deputy governor
Bank of Ireland has appointed Patrick O'Sullivan, a director of the bank since 2009, as its deputy governor. Mr O'Sullivan, who is the former vice chairman of Zurich Financial Services, and who has previously held senior posts internationally at Eagle Star Insurance, Barclays De Zoete Wedd and Goldman Sachs, will take up his new role upon the retirement of Dennis Holt after the bank's annual general meeting next week.
UK interest rates maintained at 0.5pc
The Bank of England has maintained UK interest rates at a record low 0.5pc after its latest meeting. Members of its Monetary Policy Committee voted to keep the key rate at that level for the 27th month in a row. Economists have put back the likely date for the next rise in rates to November as worries over growth prospects override concerns about inflation, which hit 4.5pc in April, the highest level in two and a half years.
Ford plans to make 25pc of cars electric
Ford plans to triple North American production of electric vehicles and hybrids to more than 100,000 models by 2013 as it works to make a quarter of its vehicles run at least partly on electricity. The second-largest US automaker is expanding production plans for the C-Max hybrid wagon and C-Max Energi plug-in hybrid, Jim Farley, Ford's global marketing chief, said yesterday at a factory in Sterling Heights, Michigan.
Citigroup: hackers breached network
Citigroup said computer hackers breached its network and accessed data on hundreds of thousands of bank card holders in the latest of a string of cyber attacks on high-profile companies.