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The week in Business


A 'disappointing' series of results sees shares in Swiss-Irish bakery group Aryzta fall by as much as 10pc despite high increases in turnover. "Our immediate focus is to generate sustainable underlying revenue growth," says chief executive Owen Killian, inset.

Ryanair says board gave clearance for transatlantic flights - but the airline makes a u-turn on the plan just days later.


Allowing Supermac's to register its trademark in Australia would be "likely to deceive or confuse consumers", McDonald's claims as it moves to block the Irish brand expanding into the market. Supermac's boss Pat McDonagh says his company is preparing its response to the objection, and it would be filed next month.

More than 100 credit unions are actively engaged in talks that are expected to see a number of them merging to form bigger units, the Irish Independent reveals.


UK chancellor George Osborne says in his Budget speech that the so-called Google tax would come into force next month. The tax means some multinational companies based in Ireland face a new British tax on profits from UK sales.

Between 8,000 and 9,000 farmers stand to get an average paymentof €17,000 each after the Glanbia Co-operative Society reveals it plans to return a total of €238m to shareholders by reducing its stake in Glanbia.


Independent News & Media says it plans to clear all debt after selling its stake in Australian media company APN. The publisher of this newspaper agreed to sell its long-standing 18.6pc stake in APN for around €121.3m subject to shareholder approval. Shares jumped as much as 26pc during trading.

CRH shareholders rubber-stamp the Irish giant's planned €6.5bn acquisition of assets from rivals Holcim and Lafarge, but with no certainty that the Swiss and French firms can get their merger back on track. CRH boss Albert Manifold is still working on the assumption that the merger will proceed, but insists that even if it doesn't, life for CRH will go on.

Irish Independent