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Business failures slow

BUSINESS failures in Ireland have dropped 20pc in the first six months of the year, new research shows.

The corporate insolvency statistics published by Insolvency Journal found that there were 706 business failures, compared with 887 for 2012.

Business failures in June this year totalled 95, which was a 33pc drop. Failures in the construction sector have also lowed considerably within the year, by 22pc.