| 4.6°C Dublin

Bord Pleanala turns down car park plan

NATIONAL Vehicle Distribution (NDV) has been refused permission by An Bord Pleanala to build a 1,165 car park-and-ride facility in Dublin following appeals made by the owners of the Citywest business park, Davy Hickey.

NDV distributes over two-thirds of all new cars in Ireland. The land on which it hoped to develop the facility is being used for car storage.

An Bord Pleanala said that the existing road network would be unable to cope with the additional traffic volumes. NDV is owned by the Boland family in Wexford.

Radio Kerry posts profit of €240,000

THE holding company behind regional broadcaster Radio Kerry's three radio stations made a profit of some €240,000 last year, new accounts show. According to accounts just filed for Raidio Ciarrai Teoranta, the group -- which includes Radio Kerry, Shannonside and Northern Sound -- had retained earnings of €3.16m by the end of the year to April 30 2010 compared to €2.92m 12 months earlier. Founded in 1990, the Paul Byrne-led group has been a significant player on the regional radio market since it snapped up Shannonside and Northern Sound in 2005.

Sportswear giant in talks on rival offer

BRITISH sportswear retailer JD Sports Fashion has approached struggling rival JJB Sports about a possible takeover offer that would create a business capable of taking on market leader Sports Direct. JD said it was in "early-stage" discussions with JJB's board, while JJB described the talks as "highly preliminary". Last month, JD Sports Fashion announced a deal to buy Champion Sports Holdings for an undisclosed sum. The deal is still subject to approval from the competition authority. Shares in JJB, which trades from about 250 stores, jumped as much as 45pc earlier this morning, before ending up 17pc.

Oil prices slip on back of rising dollar

OIL prices slipped yesterday after the US dollar rebounded as investors nervous about the crisis in Egypt bought the US currency, and as US data showed crude stockpiles rose for the third straight week. In London, Brent crude dipped from a 28-month high on fears that the upheaval in Egypt could spread across the Middle East and Africa.

Unemployment soars 3.2pc in Spain

The number of people unemployed in Spain, which has the highest jobless rate in the industrialised world, rose in January. This put an end to five months of declines in a row, the labour ministry said yesterday. There were 4.23 million people registered as jobless last month, up 130,930 or 3.19pc from December, with more than 80pc of the job losses coming from the service sector, it said.

Indo Business