Markets News Monday: Dubai fears ease; Food group Aryzta reports 16% fall in first quarter revenues
Nov 30th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Markets news on stocks, currencies and commodities; The United Arab Emirates’ central bank today eased credit for lenders and said it “stands behind” the country’s local and foreign banks as they may have to accept losses Dubai World’s possible default. Meanwhile, Aryzta, which was launched last year after the merger between Irish food and milling group IAWS and Swiss bakery group Hiestand, announced today that sales fell by 16% to close to €730m in the first three months of its financial year, to the end of October.