Markets news on stocks, currencies and oil.

Markets news on stocks, currencies and oil.

Eircom today reported EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) earnings for the year ending June 2009 were €692m, down 1% compared to 2008. The company does not publish net income. In a separate development today, Australia’s Eircom Holdings said talks are continuing on a sale, with Singapore telco Singapore Technologies Telemedia (STT).

Eircom today reported EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) earnings for the year ending June 2009 were €692m, down 1% compared to 2008. The company does not publish net income. In a separate development today, Australia’s Eircom Holdings said talks are continuing on a sale, with Singapore telco Singapore Technologies Telemedia (STT).

Aer Lingus today reported an operating loss of €93m in H1 2009 - -  the first six months of the year. This compares to a loss of €23.4m the same time last year. Its revenue dipped by 12.2% to €555m.

Aer Lingus today reported an operating loss of €93m in H1 2009 - -  the first six months of the year. This compares to a loss of €23.4m the same time last year. Its revenue dipped by 12.2% to €555m.

Principal news stories from the Irish Independent, Irish Times, Irish Examiner, Financial Times and New York Times.

C&C Group plc, the cider and spirits manufacturer, said today in a trading Statement for the 5 months ended 31 July 2009, that revenue declined by 5% on a constant currency basis versus the same period last year, comprising a drop in cider sales of 4% and a decline in spirits and liqueurs revenue of 22%. C&C also announced today that it is to acquire the businesses of Anheuser-Busch InBev in Ireland, Northern Ireland and Scotland for a total consideration of £180 million (approximately €205 million).

C&C Group plc, the cider and spirits manufacturer, said today in a trading Statement for the 5 months ended 31 July 2009, that revenue declined by 5% on a constant currency basis versus the same period last year, comprising a drop in cider sales of 4% and a decline in spirits and liqueurs revenue of 22%. C&C also announced today that it is to acquire the businesses of Anheuser-Busch InBev in Ireland, Northern Ireland and Scotland for a total consideration of £180 million (approximately €205 million).

World trade volume rose by 2.5% in June from the previous month based on preliminary data, following a drop of 1.4% in May (marginally revised down from a drop of 1.3%). The rise in June was the strongest since July 2008. Nevertheless, due to the unprecedented drops in November 2008 up to January 2009, world trade  in June was still 19% below its peak in April 2008, according to the CPB Netherlands Bureau for Economic Policy Analysis. World industrial production increased by 2.0% in June from the previous month.