Updated: 18:51, Friday, 25 May 2012

170 homes were repossessed in the first three months of the year.

Repossessions up as 10.2% of mortgages in arrears

18:49Figures released by the Central Bank show that one in ten mortgages are in arrears of more than 90 days and that 170 houses were repossessed in the first quarter of 2012.

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Currency Converter

Euro down at close, after hitting July 2010 low

18:17The euro dropped below $1.25 reaching a 22-month-low before rallying upon news of a summit hosted by Mario Monti.
DAA profits fall 9% despite increase in traffic

16:47Profits at the Dublin Airport Authority fell 9% to €30m in 2011, as traffic at its Irish airports returned to growth.
Over 140 seafood industry jobs to be created

15:46Over 140 jobs are to be created in an investment in the seafood processing industry.
- Business News: 7.50am bulletin
- Over 140 jobs to be created in seafood processing
Technopath to create 40 jobs in Tipperary

10:5540 jobs are to be created as a result of a €3 million investment by the medical diagnostics company Technopath in Co Tipperary.
Catalonia seeks government help to pay debt

18:51Spain's wealthiest autonomous region, Catalonia, needs financing help from the central government because it is running out of options for refinancing debt this year, Catalan President Artur Mas said today.
French bonds fall to record low

12:28The interest rate earned by holders of French 10-year government bonds fell to a record low 2.414% in early trade, down from 2.531% at yesterday's close.
Bankia shares suspended ahead of rescue details

16:09Shares in Spain's fourth-biggest lender Bankia SA have been suspended on the Madrid stock exchange today.
- Shares in Spain's Bankia SA suspended - IE Business School's Prof Joe Haslam
The Netherlands aims for 3% debt limit for 2013

17:25The Netherlands aims to make €12.4 billion in savings and tax hikes next year to bring its public deficit back to the EU limit of 3% of GDP, according to the Dutch finance ministry.
Euro zone must head toward banking union - ECB

13:51The euro zone needs to push ahead with its financial sector reform plans and create a centrally managed and funded body to handle troubled banks, a European Central Bank policymaker said today.
Germany drawing up six-point growth plan - report

13:44Germany is developing a six-point plan for boosting growth in Europe, a German news weekly reported today.

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Business Highlights

Prof. Joe Haslam discusses the suspension of Bankia SA shares

Prof. Joe Haslam of IE Business School discusses the suspension of Bankia SA shares on the News At One.
Drivetime looks at the impact of mortgage arrears

Sociologist Dr. Mary Murphy and Brendan Burgess of askaboutmoney.com talk to Philip Boucher Hayes about the fact that one-in-ten residential mortgages are in arrears.
Morning Ireland

Fianna Fáil's Sean Fleming says that there are gaps in the Office of the Comptroller and Auditor General's report on NAMA.
Drivetime

Brian Finn has more on euro zone citizens wanting to stay in the Euro
New research and innovation centre launched in Kilkenny

Morning Ireland heard about a joint initiative between Waterford Institute of Technology (WIT), Institute of Technology Carlow (ITC) and the Kilkenny Local Authorities "Invest Kilkenny" campaign.
Morning Ireland

Tomás Ó Síocháin talks to NAMA Chairman Frank Daly about the agency's €2 billion investment in the country's construction sector