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75pc of employees unhappy in their job

THREE-QUarters of Irish employees are unhappy in their job, says research released by employment consultancy Peninsula Ireland yesterday. More than half of employees look for other jobs during working hours, the survey adds.

Eircom recognises lenders' committee


EIRCOM has formally recognised a committee of senior lenders as it starts talks to restructure about $5bn (€3.5bn) of debt. The group for holders of first-lien loans is represented by Alcentra, Avoca Capital, Deutsche Bank, GSO Capital and Harbour-master Capital Management.

German production rise beats forecasts


GERMAN industrial production increased more than economists forecast in May, led by rising output of investment goods such as machines. Production jumped 1.2pc from April, the German economy ministry said yesterday. Factory orders also increased in May.

US consumer confidence slides


Consumer confidence in the US receded from the highest level in 10 weeks as Americans' perceptions of their finances and the economy dimmed, according to the Bloomberg Consumer Comfort Index. Confidence decreased to -45.5 for the period ended July 3 from -43.9 the prior week.

Growth expected in renewables sector


The UK wind and marine power industries may add 67,200 new jobs by 2020 as Britain cuts carbon emissions and reliance on fossil fuels, the RenewableUK lobby group has said. The forecast assumed a medium growth rate in the industry from its current level of 21,100 jobs to 88,300 in 2021.

Irish Independent