Opening Bell: Jobs for Dublin, Dalata profits, the euro slowdown

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Hotels group, Dalata has announced pre-tax profits of €28.5m for the year to the end of December, its first full year as a publicly-quoted company.

Group revenues increased by 185% during the period to €226m reflecting the group’s massive expansion programme over the past year.

During 2015, it spent €560m on hotel purchases in Ireland and Britain, bringing the number of owned or leased hotel rooms under its management to almost 5,500.

Revenues per available room rose by more than 21% during 2015 and average room rates were 14% higher while the Group’s balance sheet benefited from a property revaluation uplift of close to €50m.

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Poor euro zone manufacturing data has increased pressure on the European Central Bank (ECB) to take further measures to stimulate the European economy.

The bloc's manufacturing activity expanded at the slowest rate in a year during February.

In Ireland, new manufacturing orders slumped to their lowest level since late 2013.

New price data also showed that the euro zone registered a return to deflation in February.

The ECB's governing council will meet on March 10th.

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18 call centre jobs are on the way at City Jet's campus in North County Dublin.

The airline says its new customer contact centre, opening in Swords, will use Irish staff for work that used to be outsourced to Mauritius.

The centre will operate from 7am to 7pm daily, dealing with enquiries on CityJet's European routes.

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Ratings agency Moody's has downgraded China's economic outlook.

The country has gone from "stable" to "negative" because of rising debt, falling reserves and the uncertainty that financial reform will be implemented.

China's has kept its Aa3 rating, however, because Moody's thinks it has enough reserves to give it time to gradually restructure the economy.