CEREAL GIANT EXPANDING IN DUBLIN - Kellogg's, the cereal company, is to create 50 high-end jobs in Dublin, bringing staff levels to 250 by the end of the year. The company has had its European headquarters here for five years, and is now hiring top sales, marketing, finance and supply chain positions.
Tim Mobsby, president of Kellogg's Europe, said Ireland's low corporation tax rate was a consideration in the decision, but the availability of skilled employees was also a factor.
Mr Mobsby said Ireland was also the highest per capita consumer of cereal in the world, consuming an average of 8kg per head of population. Kellogg's has just over 58% of the Irish market.
He said there had been greater volatility in commodity markets, and it was not 'particularly helpful' that speculators were becoming involved.
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NEWS IN BRIEF AND CURRENCIES - Investment group Boundary Capital has announced plans to cancel its stock market listings in Dublin and London.
The group owes Anglo Irish Bank more than €39m and is currently in talks with the bank on its debt.
Its investments included a stake in department store Arnotts, which is also heavily in debt to Anglo Irish and Ulster Bank.
Earlier this year, Boundary warned that its investment in Arnotts was likely to be worthless.
It says it is no longer in a position to meet the costs associated with being quoted on Dublin's ESM and London's AIM markets.
On the currency markets, the euro is trading at $1.3075 and 83.64p sterling.
