COUNTY and City Enterprise Boards (CEBs) are to get an extra €3.1m funding from the Department of Jobs, Enterprise and Innovation this year. The move boosts funding to the CEBs by around a third. The money will be used mainly to finance mentoring and non-financial support for start-up enterprises, which currently employ more than 400 people across the country.
Domino's get bigger pizza the action
DOMINO'S Pizza yesterday said the launch of a new "gourmet" range backed by adverts in ITV game show 'Red or Black' had helped to boost sales. The delivery firm, which has 702 outlets in the UK, Ireland and Germany, increased advertising spending in the 13 weeks to September 25. Like-for-like sales in the UK increased 4.1pc in the quarter. The gourmet range was developed to win over more middle-class customers.
German inflation hurts rate cut hopes
NEW figures show that inflation in Germany topped a three-year high of 2.6pc in September, posing a potential blow to those hoping for a cut in eurozone interest rates. At an annual rate of 2.6pc, the figure was the highest since September 2008 and up on the 2.4pc recorded in August. Analysts had forecast an unchanged figure of 2.4pc. The European Central Bank aims to keep inflation close to 2pc, so the inflation number could affect hopes for a cut in interest rates.
Spain warned that growth near zero
SPAIN'S central bank warned yesterday the country's economic growth will come close to zero with a further slowdown in the third quarter. "The data available for the third quarter of the year show generally lethargic activity," the Bank of Spain said in a monthly economic report. Spain's economy grew 0.4pc in the first quarter of 2011 but this slowed to 0.2pc in the second.
Orders slip, but fears of recession quelled
OFFICIAL figures show that new orders for long-lasting US manufactured goods slipped in August. But the figures showed a rebound in an indicator of business spending, which supported views that the economy could avoid another recession. Durable goods orders dipped 0.1pc in August after a 4.1pc jump in July. Orders were held back by an 8.5pc drop in bookings for motor vehicles -- the largest decline since February last year.