McKillen 'owns property worth €45m'PROPERTY DEVELOPER Patrick McKillen owns €45 million worth of properties around the world that have not been used as security against his debts, according to a court document.
Focus on entrepreneurship at European science forum in DublinIF YOU have an invention and want to sell it to the world make plans to attend the Euroscience Open Forum in Dublin this July.
Financial Services »
- Voluntary package at Ulster Bank is oversubscribed
ULSTER BANK has received 1,100 applications from staff for 950 voluntary redundancies sought but has yet to decide whether this will rule out a requirement for compulsory layoffs.
- Nama plans to invest €2bn in construction from cash reserves
THE NATIONAL Asset Management Agency aims to spend €2 billion completing buildings and starting new projects from its own cash reserves, rather than new borrowings, and still meet its debt-repayment targets up to 2020.
Construction & Property »
- Property prices fall 16.4%
The decline in the residential property market continued over the year to the end of April, new data from the Central Statistics Office showed today.
- Beades gets time to reply to bank claim
BANK OF Scotland is pursuing developer Jerry Beades in the High Court for the repayment of a €9.7 million personal loan given to him to develop an apartment complex in Dublin.
Energy & Resources »
- PTT raises offer in joust with Shell to buy Cove
THAILAND’S PTT Exploration and Production has stoked the bid battle for Cove Energy, topping Royal Dutch Shell with a £1.22 billion offer that underscores interest in new east African gas finds.
- Advertising firm to reinvent itself as energy business
Advertising company Captive Audience Display Solutions (Cads) is poised to reinvent itself as a renewable energy business after shareholders approved a merger with a UK-registered firm yesterday.
Health/Pharma »
Researchers in Galway battle against cancer on many frontsINNOVATION PROFILE: Cancer research at NUI Galway: FOR REASONS which are still a matter of conjecture and research, the people in the west of Ireland have significantly higher rates of breast and prostate cancer than the rest of the Irish population.
- Alkermes biotech group doubles revenues for year to end March
THE MERGER with Elan Drug Technologies and a strong performance by its portfolio of drugs saw biotech group Alkermes report a more than doubling of revenues for the year to March 31st last.
Media & Marketing »
- Advertising firm to reinvent itself as energy business
Advertising company Captive Audience Display Solutions (Cads) is poised to reinvent itself as a renewable energy business after shareholders approved a merger with a UK-registered firm yesterday.
Sky's the target of new UPC serviceTHE INVITATIONS are in the post. UPC has this week sent information on its new on-demand television service to 200,000 customers, inviting them to sit back on their sofas with a bowl of popcorn, press the “on demand” button on their remote controls and not emerge from their living rooms until winter.
Manufacturing »
- Irish business weighs on Britvic
Britvic’s Irish market has shown no signs of recovery in the short term, and the drinks group promised “decisive action” on costs as the market continued to decline.
- Annual factory gate prices rise 2.8%
Factory gate prices inched higher in the year to April, growing by 2.8 per cent over the 12 months.
Retail & Services »
- McDonald's €350m contract to create 65 jobs
SOME 65 permanent jobs are to be created in Co Waterford, as well as 100 construction posts, following the announcement that Dawn Meats has been awarded a €300 million contract to process up to 18,000 tonnes of Irish beef a year for McDonald’s Europe.
- Golden Discs records losses of €73,000
LOSSES AT Golden Discs narrowed significantly last year to €73,000, according to results published yesterday. This compared with losses of €710,000 in 2010, and €1.6 million in 2009 for Golden Disc Group Ltd.
Transport & Tourism »
- Mazda and Fiat to develop sports car
MAZDA, JAPAN’S least profitable car maker, and Italian car firm Fiat have agreed to jointly develop a sports car and discuss further cooperation in Europe as part of a broader partnership.
'T'weetour' to trap more visitors from Mice sectorBUSINESS TOURISTS from Britain – or more specifically the “meetings, incentives, conferences and events” sector (Mice) – are the focus of Tourism Ireland’s latest Twitter marketing venture, which it is calling a “t’weetour”.
Other Sectors »
- Jury rules in favour of Google
Google’s Android mobile platform has not infringed Oracle's patents, a California jury decided, putting an indefinite hold on Oracle's quest for damages in a fight between the two Silicon Valley giants over smartphone technology.
- Key role at Paddy Power for McCarthy
FORMER ULSTER Bank chief executive Cormac McCarthy will take over as chief financial officer of listed bookmaker Paddy Power this year.
Agribusiness & Food »
- Lindt loses chocolate bunny case
Swiss chocolate maker Lindt's chocolate rabbits are devoid of any distinctive character and cannot be registered as a trademark in the EU, the union's top court said today.
- McDonald's €350m contract to create 65 jobs
SOME 65 permanent jobs are to be created in Co Waterford, as well as 100 construction posts, following the announcement that Dawn Meats has been awarded a €300 million contract to process up to 18,000 tonnes of Irish beef a year for McDonald’s Europe.
