Today's other stories in brief
Popularity of MBAs outside US increases
About 80 per cent of MBA programmes launched over the past 10 years have been introduced outside the US, reflecting the increasing globalisation of the business education market, a study has found.
Of the 3,710 graduate management programmes introduced in that time, more than 1,500 have been at European business schools and 1,449 at schools in Asia, South America, Australia and Africa.
The figures, from the Graduate Management Admission Council, an association of business schools, include programmes launched with US schools as partners.
"As the economies of India and China are heating up, there's a need for highly trained business managers," said James Danko, dean of the Villanova School of Business in the US, who worked on the study. "You've got the demand so schools are increasing their supply."
- (Financial Times service)
ACM to manage €100m fund
Absolute Capital Management (ACM), the Aim-listed hedge fund manager headed by Donegal man, Seán Ewing, has agreed to buy a contract to manage a €100 million property fund. ACM will pay €12.5 million for the contract to run North Real Estate Opportunities Fund (NREOF), which is also listed on Aim.
NREOF raised €100 million at its initial public offering in 2006 and focuses on investments in Romania, Ukraine and Moldova. Shares in ACM surged by almost 12 per cent on the news, closing at 529p.
Russia still of interest to Shell
Royal Dutch Shell said it was still interested in further expansion in Russia as it signed a strategic co-operation deal with Rosneft, the country's biggest oil company by market value, in spite of its bruising experience last year over the Sakhalin-2 project.
The two companies gave no details of the specific projects they would pursue as part of the deal but said they would co-operate in both oil and gas, upstream and downstream, in Russia and internationally. - (Financial Times service)
Boeing unveils 787 Dreamliner
Boeing has unveiled its lightweight, carbon-composite 787 Dreamliner.
The elaborate ceremony, at the company's Everett, Washington plant, gave crowds their first full look at the mid-sized, long-range fuel-efficient jetliner, which is Boeing's first all-new plane in 12 years and has already attracted more than $100 billion (€73 billion) in orders. - (Reuters)
Premier Foods hit by interest rises
Britain's Premier Foods said trading had been hit by interest rate rises and its shares slipped more than 5 per cent to a seven-month low yesterday.
Premier Foods has bought its way to becoming Britain's largest food firm by buying Campbells Soup's British and Irish operations and RHM in the past year. - (Reuters)
ComReg calls for clarity on NGNs
The Commission for Communications Regulation (ComReg) has called for greater clarity on the introduction of Next Generation Networks to ensure it does not hinder local loop unbundling (LLU).
NGNs are new technologies which are replacing existing legacy telecoms networks to deliver voice, data, video and emerging media applications over a single network.
