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Despite an ongoing recession Ireland will head European Christmas household spending this year, according to an annual survey by accounting firm Deloitte.

Despite an ongoing recession Galway consumers are set to head European Christmas household spending this year. The average household spend in a Galway house this Christmas will be €1,354, of which €688 will be spent on gifts, €422 on food, and €264 on socialising, according to an annual survey by accounting firm Deloitte.

General Motors is supporting a bid from the consortium of Magna International Inc and Sberbank to buy a majority stake in its European Opel/Vauxhall operations.