Four firms given warning over status
THE Central Bank has warned that four companies operating here are not authorised to do so. The regulator named Citilife Financial Limited (Ireland), Murray Merger Group (Japan), Giles & Hochman Consulting (USA) and Russell Acquisition Group (Japan) & Ventura Capital Consulting Limited (USA) as unauthorised investment firms offering investment services in the State. It is a criminal offence for an investment firm to operate in Ireland unless it has an authorisation from the bank.
More workers to take holiday abroad
IRISH workers plan to take foreign holidays in far greater numbers than last year, according to a survey published yesterday. Some 84pc of Irish workers plan on going abroad this summer compared with just 63pc last year. Just over half of workers will take a holiday during the last week of July or first week of August. "Workers are forgetting about their problems by jetting off to foreign climates and this is great to see," said Alan Price of Peninsula Ireland.
Euro 2012 'to boost shops by €250m'
A new survey by industry group Retail Excellence Ireland shows retailers hope for a significant boost in retail sales next month thanks to Ireland's participation in Euro 2012. The shopowners believe they will earn an extra €250m for the football tournament and a further €18m in the somewhat unlikely event that Ireland reaches the final. Just over half of retailers expect an increase, with most of them predicting a rise of somewhere between 1pc and 4pc.
Factory gate prices fall 0.5pc in April
Monthly factory gate prices fell by 0.5pc last month, the Central Statistics Office said. Prices fell 0.7pc in the same period last year. The annual percentage change was 2.8pc in the year to April compared with a rise of 2.6pc in the year to March. The most significant changes were increases in computer, electronic and optical products and meat and meat products. The price of dairy products, basic pharmaceutical products and machinery fell. Energy products rose by 2pc in the year since April 2011.