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Demand for agency workers on the rise

THE Irish recruitment industry generated sales of €1.6bn last year, up 14pc on the previous year. The figures come from the National Recruitment Federation, which says that lots of new roles are being filled through agencies. The demand for temporary agency workers increased significantly to 69,700 roles compared with 55,000 in 2011. The industry body says the number of people placed in permanent positions by agencies also increased, "a sure indicator that the industry is moving in the right direction".

ISME tells firms to beware of fraud

SMALL business representative group ISME has issued a warning on the risks of international fraud. It says 67pc of small and medium Irish enterprises are now under attack from online money-making schemes. "In recent times, there has been an increase in sophisticated fraud using bogus bank information and Revenue notifications," said ISME chief executive Mark Fielding. "The most important thing to remember is that your bank and the Revenue will never ask for this type of detail via email."

Third month of UK house price rises

LONDON homes changed hands at the fastest pace since 2007 in April as the capital's property market drove a third month of overall UK house price increases. Property analysts Hometrack said average property values in England and Wales increased 0.3pc so far this month, the same as in March, which was the largest gain in three years. London prices were up 0.7pc.

IMF warns Asian economies of risk

THE International Monetary Fund (IMF) said Asian policy makers must be ready to respond "early and decisively" to overheating risks in their economies, threatened by rapid credit growth and rising asset prices. The IMF estimates that Asian economies will expand almost five times faster than other advanced nations this year, while increasing investor appetite for risk is spurring a flow of capital into the region.

Lloyds sells off Spanish operation

BRITAIN'S biggest mortgage lender, Lloyds, has sold its troubled Spanish consumer banking operations to Barcelona-based lender Banco Sabadell at a loss of about £250m (€296m). The sale includes Lloyds' retail, private banking and investment-management businesses in Spain.

Irish Independent