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Mon, Nov 21, 2016

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Kendrick Investments held 99 per cent of Topaz   prior to its sale to Couche-Tard. Photograph: David Sleator Denis O’Brien settles action with Topaz buyer over €4.7m
  • Energy & Resources
  • November 21, 2016, 19:37

Settlement subject to payment being made to O’Brien’s Kendrick Investments, court hears

An oil refinery in Venezuela. Opec would like a deal to limit output. Photograph: Carlos Garcia Rawlins/Reuters Oil at three-week high ahead of Opec decision on output
  • Energy & Resources
  • November 21, 2016, 17:29

Iran and Russia say they would likely support output limit due to commence shortly

Rush Credit Union was deemed  insolvent with its  liabilities exceeding its assets by €2 million. Photograph: Garrett White Appointment of liquidators to Rush Credit Union confirmed by High Court
  • Financial Services
  • November 21, 2016, 17:19

Credit union had €4.7m hole in reserves amid allegations of financial irregularities

Developer Michael O’Flynn: The O’Flynns’ side claim the alleged leaks had a material and depreciative impact on prices achieved by both them and Nama in relation to disposal of assets from 2010-2013. Photograph: Brenda Fitzsimons O’Flynns’ Nama case gets fast-tracked to Commercial Court
  • Commercial Property
  • November 21, 2016, 17:09

Brothers accuse Nama of leaking confidential information on their construction company

Citi’s Dublin offices. The bank has joined JPMorgan at the top of global regulators’ list of systemically important banks. Citi joins JPMorgan at top of list of world’s systemically vital banks
  • Financial Services
  • November 21, 2016, 15:20

US bank that displaced HSBC will have to hold additional capital from 2019

Iberia will begin flying between the two cities on June 3rd, two weeks earlier than it did this year Cork Airport hopes Madrid service will boost Spanish numbers
  • Transport & Tourism
  • November 21, 2016, 15:10

Iberia Express to extend summer service between the two cities from June

PwC’s Ruairí Cosgrove, newly appointed president of the Institute of Company Secretaries and Administrators (ICSA) with Conor Ryan, outgoing ICSA president. Ireland lacks qualified company secretaries, says new head of ICSA
  • Work
  • November 21, 2016, 14:57

Incoming president says tougher EU rules and over-regulation are a threat to growth

The British Virgin Islands company which owns the four  Bombardier Q400 NextGen aircraft has been bought by Aergo Capital. Photograph: Pierre Verdy/AFP/Getty Images Aergo Capital expands its fleet with four Bombardier planes
  • Transport & Tourism
  • November 21, 2016, 14:39

Aircraft are on lease to Ethiopian Airlines, and bring Irish aviation company’s fleet to 30

“This type of foreigner is earning money in China while insulting the Chinese people, and hating China from  bottom of their hearts.” Daimler executive accused of insulting China after parking row
  • Companies
  • November 21, 2016, 12:45

One injured as man used pepper spray and called Chinese ‘bastards’, newspaper reports

Dunnes Stores increased its market share to 22.6 per cent in the 12 weeks to November 6th, 0.2 per cent ahead of SuperValu. The rise is attributed to the success of Dunnes’ Shop & Save campaign. Dunnes takes top slot in supermarket league table
  • Retail & Services
  • November 21, 2016, 11:42

Market share rises to 22.6 per cent, just ahead of SuperValu with Tesco in third

The Government’s claim stands at €1.1 billion as a result of money it paid to depositors under State guarantee when IBRC, formerly Anglo Irish Bank and Irish Nationwide, was put into wind-up in February 2013. Photograph: Bryan O’Brien State to get €275m payout from IBRC
  • Financial Services
  • November 21, 2016, 08:25

State stands at front of queue as initial dividend set to be issued by liquidators

Facebook’s European head Nicola Mendelsohn said: “The UK remains one of the best places to be a tech company and is an important part of Facebook’s story.” Photograph: Dado Ruvic/Reuters Facebook to create 500 new jobs in central London
  • Technology
  • November 21, 2016, 08:14

Many of the jobs will be high-skilled engineering positions and will bring total to 1,500

 Aidan Brogan, chief executive of Datalex, at the firm’s office at East Point Business Park, Dublin. Photograph: Cyril Byrne Travel firm Datalex retains strong earnings guidance
  • Transport & Tourism
  • November 21, 2016, 07:44

Company continues to see strong momentum with platform revenue growing by 12%

“In the US, events have moved in a US dollar-positive direction, between the rising likelihood of fiscal stimulus and more protectionism.” Photograph: Chris Radburn/PA Wire Six investment tips for 2017 from Goldman Sachs
  • Financial Services
  • November 21, 2016, 07:37

Goldman Sachs has ideas for a year marked by Trump’s win and populism in Europe

The Setanta Centre on Nassau Street in Dublin. Larry Goodman may now move to refurbish and redevelop the site, across the road from Trinity College’s playing fields. Photograph: Dave Meehan Goodman pulls sale of €110m Setanta Centre
  • Commercial Property
  • November 21, 2016, 06:55

Beef baron may redevelop Setanta complex as another project on Baggot Street nears completion

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1 Irish house prices still undervalued, says European Commission
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Denis O’Brien settles action with Topaz buyer over €4.7m 19:37
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