INITIATIVE BRINGS CREATIVE FIRMS TOGETHER - George Boyle was an associate director with Murray O'Laoire architects. In April last year, she - along with more than 100 staff - learned that the company was going into liquidation, yet another casualty of the property collapse.

In its wake, George founded a unique co-operative or innovation hub in Dublin to bring together architects, graphic designers and others from creative industries many - like her - hard hit by the recession.

The result is Fumbally Exchange, which is to be formally launched by Tánaiste Eamon Gilmore later this morning.

Ms Boyle says Fumbally started out as an experiment. She says it is a room which start-up companies can rent affordably, without the complications of usual lease arrangements.

She says a lot of attention has been paid to the design of the space, adding that people who join sign up to be part of a community. Ms Boyle says the businesses involved are mostly 'outside the box' firms.

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NEWS AND CURRENCIES - Drinks group C&C says sales volumes of its Magners cider were up 14% and Bulmers, which has seen sales slide of late, climbed by 2.7% in Ireland over the three months to the end of May. Fine weather and bank holiday weekend sales were credited for the uplift.

On the currency markets, the euro is trading at $1.4355 and 89.8p sterling.