On RTE’s Morning Ireland programme today, one of the presenters expressed surprise that the Dell share price had risen on the news of the proposed job cuts.
Yesterday, Bank of Ireland announced annual profits of €1.96bn, an increase of 28% on the previous year. The share price promptly fell 3%, making a total fall of 14% from its 2007 high.
Both these events illustrate the high expectations and lack of sentiment of investors.
I’ve often thought that since RTE is a cosseted public service employer, with its employees cushioned from the realities of the real commercial world, the station may not be an appropriate commentator on business or commercial matters in general. They often come across as a broadcasting Mother Teresa, defending the “rights” of the worker or the consumer against the interests of “big business”.
RTE thinks that it's performed exceptionally well if it breaks even for the year, profit seems to be something of a dirty word there.
- ► 2010 (44)
- ► 2009 (78)
- ► 2008 (100)
- Venus v. Mars - again!
- Britain to reciprocate with Ahern Chair endowment
- Tony Blair's Legacy - and he hasn't even left yet....
- How Gerry Adams paid for that Donegal holiday home...
- Government saving buyers from sellers!
- Bertie's Missing Money
- Political Banners
- An Taoiseach mis-speaks, again.
- Outgoing FF Minister claims authorship of Environm...
- Greens - the new Fianna Fail Lite
- Greens in office but not in power!
- Who'll be next leader of Green Party?
- Sargent sacrifice a necessary fig-leaf for Greens
- The fate of the man in the white suit?
- Blair to become catholic deacon?
- Chavez - time to Chile out!
- One Night in Paris
- How do you get on Pat Kenny's panel?
- Green Party VAT Policy seems misguided
- Boyd Barrett Bullsh1t
- It's Thatcher time
- Dutch blocked air support before Srebrenica massac...
- Are FF the only party honestly enaged in the curre...
- The Mother Teresa of broadcasting
- Who'll win Political Gobshite of the Year 2007?
- ▼ June (25)
- ► 2006 (265)