A report in yesterday's editions incorrectly stated that Power Leisure, which trades as Paddy Power Bookmakers, declared an operating loss of #5.8 million in the six months to June 30th. This figure related to the online segment of the company's business only and, overall, Power Leisure recorded an operating profit of #4 million.

Mr Peter O'Grady Walshe, who is stepping down as finance director, will resume his role as a non-executive director of the company, rather than as an executive director as stated in the same article.

ICC Bank, which owns 13.9 per cent of the firm, is owned by Bank of Scotland and not the Government as incorrectly stated yesterday.