Bill Lynch, the Irish-born chief executive of Imperial Holdings, a South African transport company, won the Ernst & Young 2006 World Entrepreneur of the Year award.
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TUESDAY: As inflation fears caused stock markets around the world to slip, the Iseq fell 3.3% to 6,954, the first time it had been below 7,000 in six months.
Pre-tax profits at the Irish Aviation Authority were up to €16.2m in 2005 from €14.3m the previous year, driven by increased traffic.
WEDNESDAY: Musgrave, the food wholesaler, said its pre-tax profits rose 5% in 2005 to €72.5m. Group sales increased by 17% to €4.4 billion and net debt was reduced by €49m to €327m.
THURSDAY: The latest quarterly jobs outlook survey from Manpower, the recruitment firm, found an increase of 18% in employers’ intentions to hire new staff in the next three months. Leinster employers were the least optimistic, with intentions to hire down 20%.
The price target for Standard Life’s July flotation has been cut to 210-270p per share, down from the April range of 240-290p. This sees the mutual society’s value falling to £5.25 billion (€7.7 billion) from £5.5 billion (€8 billion).
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FRIDAY: Seasonally adjusted trade exports were down 10% in April, with imports down 12%, according to the Central Statistics Office. Unadjusted exports totalled €6.85 billion, down 11%.
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Retail sales of seafood grew 5.5% to €185m in 2005 and the food service market for seafood rose 11% to €174m, said Bord Iascaigh Mhara, the Irish fisheries board. Seafood exports totalled €354m.