April 5, 2011 / 6:05 AM / 7 years ago

PRESS DIGEST - Ireland - April 5

 DUBLIN, April 5 (Reuters) - These are some of the leading stories in Ireland’s newspapers on Tuesday. Reuters has not verified these stories and cannot vouch for their accuracy:
 - Dissident republicans were waging a “useless war against peace”, the Sinn Fein Deputy First Minister Martin McGuinness has asserted following Saturday’s murder of Constable Ronan Kerr in Omagh, Co Tyrone.
 - Bank of Ireland BKIR.I plans to sell its UK asset-based lender Burdale Financial and its global project finance units in the UK and internationally, to help raise capital as it tries to avoid government control.
 - Smurfit Kappa (SKG.I) chief executive Gary McGann received an 18.3 per cent increase in his remuneration last year to 2.64 million euros, according to the paper and packaging company’s annual report.
 - The Department of Finance has insisted there is no prospect of 16 billion worth of “small” development loans transferring over to Nama, even though some banks believe this may “potentially” happen.
 - Huge international backing for our economy’s ability to recover flooded in last night, in the wake of the 24 billion euros bank rescue plan.
 - Ireland will almost certainly have to wait at least another month before getting a cut in the interest rate it pays on its EU/IMF loan, according to EU and government sources.
 Looking for more information from local sources? Reuters Business Briefing has five Irish sources including Irish Times. For details of the product please call your local help desk <PHONE/HELP>.   

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