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Morning business news - January 31

Christopher McKevitt
Christopher McKevitt

SKY TO CREATE 800 JOBS IN DUBLIN - 800 jobs have been announced with the establishment by the digital TV provider, SKY, of a customer contact centre in Dublin. The jobs will be created over the next two years and recruitment begins immediately.

Sky Ireland director, Mark Deering, says the company is delighted to be announcing such a substantial number of new jobs for Ireland and says that excellence in customer services is key to the company's success. Figures show that 40% of households have a Sky subscription and Mr Deering says the company believes that having advisors in Ireland is the right move for its Irish customers. He says that getting the service right first time is Sky's aim. Mr Deering says the company has driven a hard bargain for the lease on its new centre in the Burlington Plaza, located in Dublin city centre. He says that as well as the new jobs, Sky continues to invest in Irish television productions, including Moonboy, which is filmed in Roscommon and Ardmore Studios.

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CONTAGION FEARS HIT PORTUGAL'S BOND YIELDS - The yield on 10-year Portuguese bonds hit 17.38% yesterday evening, the highest level since the euro began. The rise came as investors worried that Portugal might seek a second European bail-out, following in Greece's footsteps.

Richard Hunter of Hargreaves Lansdown in London says that investors are taking a glass half full-glass half empty approach to the euro zone crisis. He says that while yesterday saw an important first step towards fiscal union, a Greek deal has still to be reached. This saw contagion fears move on to Portugal and so the country's bond yields rose drastically.