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Insolvency rates up

INSOLVENCY trends in the business world are "grim but holding", with 1,090 for the first eight months of the year -- a 7pc hike on last year.

Construction, retail and services industries continue to dominate insolvency statistics, according to the latest figures from InsolvencyJournal.ie.

But, August's figures of 119 are a 22pc drop from July.