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The week that was



HEALTH INSURER BUPA drops a bombshell by announcing its exit from Ireland following the decision by health minister Mary Harney to press ahead with risk equalisation. The controversial scheme would have forced Bupa to hand over 1m a week to subsidise its bigger rival, state-owned VHI.

THE ISEQ scales new heights, breaking through 9,000 on Thursday, as the stock exchange is carried by bullish sentiment on global markets and strong earnings forecasts by Irish corporates.

CRH SHAKES UP its American assets, offloading six construction and asphalt businesses, as it digests the 1bn acquisition of Ashland Paving & Construction, its biggest ever corporate deal.

A BULLISH TRADING STATEMENT from Irish Continental sends the ferry company's shares soaring 13% on Thursday.

IRISH LIFE & PERMANENT signals that 2006 profits will come in 20% ahead of the previous year.

DAVY STOCKBROKERS doubles its target for the Business Expansion Scheme following budget changes that make BES funding more attractive for companies and investors.




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