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Skills in demand as job vacancies rise

THERE has been a sharp rebound in job vacancies this year, with skills shortages in some areas despite high unemployment, the chief executive of one of the leading recruitment agencies said yesterday.

After a 70pc fall last year, vacancies have risen by more than 80pc in 2010, Adrian McGennis of Sigmar Recruitment told a seminar organised by pension group IFG. This leaves vacancies down 50pc on their 2007 peak and at levels seen in 2003.

Business people see off embassy plans


A raft of high-profile business people including former AIB chairman Dermot Gleeson and Total Produce chairman Carl McCann have seen off attempts to transform a house neighbouring their homes on Shrewsbury Road into an embassy. Isle of Man-registered Pennyvale Property sought planning permission from Dublin City Council in August to turn Fintragh, at 11 Shrewsbury Road, into a diplomatic premises. The council has refused permission for the plans.

FBD writes down stake in Bloxham


FBD has written down its stake in stockbrokers Bloxham by more than 50pc, in response to tough market conditions. The writedown is revealed in accounts just filed by FBD Securities Ltd, which counts an 11.6pc stake in Bloxham as its sole asset. The Bloxham stake was valued at €2.95m at the end of 2008, implying a value of €26m for the firm. By the end of 2009, however, FBD Securities had slashed the value of its stake to €1.395m, implying Bloxham is worth less than €13m.

Irish Independent