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The Business Week

TUESDAY: The Gowan Group, the distribution company, made a pretax profit of €46m in 2005, almost treble the €17.9m recorded in 2004. Most of the increase resulted from property disposals, which contributed just over €21m.

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WEDNESDAY: Cisco Systems, the American telecommunications equipment maker, announced the creation of a €30m research and development facility in Galway, where it expects to employ 200 people within three years.

THURSDAY: United Drug, the healthcare services group, increased pre-tax profits by 14% to €52.2m for the year to September 30, 2005. Turnover rose 10% to €1.46 billion.

FRIDAY: The Sunday Times (Ireland) has grown its business readership to 57%, making it the Sunday newspaper of choice for top executives. According to the results of the European Business Readership Survey published by The Irish Times, The Sunday Times was the only Sunday newspaper in Ireland to increase readership among senior executives. The business week