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Consumers develop a 'bunker mentality'

NERVOUS consumers stepped up their savings efforts in January as they were hit with the effects of the Budget, a new report shows.

The savings index, issued by Nationwide UK (Ireland) and put together by the Economic and Social Research Institute, jumped 19 points after falling in December.

Consumers developed a "bunker mentality" as reduced social welfare payments, lower child benefit and higher income taxes bashed household finances.

Freezing order on firm is continued

THE High Court has continued a freezing order on a liquidation stock company from reducing its assets below €1.7m following an alleged cross-border investment scam.

The order was obtained two weeks ago by businessmen Daniel O'Donnell, with addresses at Termon, Donegal, and Oaklawn, Illinois, US, and John O'Donnell, Cluain Ard, Letterkenny, against Etic Solutions, Lower Main Street, Ballybofey, Donegal.

Ladbrokes takeover talks still ongoing

INTERNET gambling firm 888 Holdings said yesterday takeover talks with Ladbrokes were still ongoing as it bolstered its negotiating position with strong final-quarter sales.

The company, which offers casino, poker and sport betting, said an announcement regarding a potential deal with Ladbrokes would be made when appropriate.

Tour operators

are fully bonded

The Irish Tour Operators' Federation (ITOF) would like to point out that all members of the ITOF are fully bonded and licensed for the coming holiday season -- it is the ITAA (Irish Travel Agents' Association) who have an issue with the collective insurance bond.

The ITOF represents the main tour operators in Ireland and account for over 90pc of the package holiday market.

Eamonn Siggins heads up CPA

Eamonn Siggins is the head of the Institute of Chartered Public Accountants (CPA) and not the head of the Institute of Certified Public Accountants as reported in a business story last week.

The CPA is not affiliated in any way with the Chartered Accountants. We are happy to clarify this.

Irish Independent