Cyprus has applied for a bailout following its exposure to the Greek economy, the country’s government announced in a statement this evening. It is the fourth eurozone country to seek financial assistance from its European partners. “The purpose of the required assistance is to contain the risks to the Cypriot economy, notably those arising from the negative spill over effects through its financial sector, due to its large exposure in the Greek economy,” said the statement. Earlier today ratings firm Fitch downgraded Cyprus’s sovereign credit rating to junk territory. Fitch said the move was “principally due to Greek corporate and households exposures of the largest three banks – Bank of…

Discount retailer Dealz has opened its 13th store, in Shannon, Co Clare, creating 30 new jobs. Located, at unit 40A, Skycourt Shopping Centre, Shannon, with a retail space of 6,900 sq ft, Dealz Shannon is the newest edition to the Dealz portfolio. The new store brings the total number of jobs created in Ireland to date to over 390. An integrated part of Poundland, Europe’s biggest single price discount retailer, Dealz has additional stores across the Republic of Ireland including Blanchardstown, Portlaoise, Letterkenny, Killarney, Newbridge, Limerick, Cork, Athlone, Santry, Mullingar, Gorey and Drogheda, which are overseen by Cork native Leonard Brassel, Dealz senior business manager in Ireland. Commenting at the new…

Subscribe-and-drive service GoCar has today announced the opening of new GoBases in Drury Street car park and Schoolhouse Lane car park in Dublin 2 and Kent Station in Cork City, with a further five Dublin GoBases opening over the coming weeks. This expansion follows significant investment by the owners in the scheme last month. The additional new locations, which have been supported by local businesses, include Northwood Santry and Mark Street (off Pearse Street) along with Iveagh Court in conjunction with Mc Garrell Reilly; and Ballymun, with the support of Ballymun Regeneration Ltd. GoCar is also expanding its existing Smithfield, Ranelagh and South Lotts Road GoBases in the city. The…

Davy has been voted Ireland’s No 1 brokerage in the Thomson Reuters Extel Pan-European Survey 2012. The survey is considered the leading benchmark for excellence in investment banking and is the largest professional investment opinion assessment in the world. The firm also took the No 1 slot in the key category of Ireland Equity Sales. Tim Cahill (Construction & Building Materials) and Stephen Furlong (Transport) had impressive individual performances at a Pan-European level achieving top-10 analyst rankings in their respective sectors. The 2012 Thomson Reuters Extel Survey ran from 19 March to 4 May 2012. It reflects the contribution of over 2,100 buy-side firms, 2,500 analysts from 270 brokerage firms/research…