In short

SAMI recognised for fast growth

Software Asset Management Ireland (SAMI), which supplies technology to the education and voluntary sectors, has been recognised as Ireland’s fastest growing technology firm by advisory firm Deloitte.

SAMI was awarded top spot in the Deloitte Technology Fast 50 awards in Belfast last night, having achieved an aggregate growth rate of 5505 per cent.

McKillen Nama case is adjourned

An application by property investor Paddy McKillen for a stay on the transfer of some €2.1 billion loans of his and his companies to Nama has been adjourned on consent to next week.

Mr McKillen wants the stay to apply pending the Supreme Court’s determination of his appeal against a three judge High Court’s rejection of his challenge to the loan transfer.

The stay application was listed for yesterday but John Gleeson SC, for Mr McKillen, said the sides had agreed it be deferred to next Thursday when the court will also be asked for an early hearing date for the appeal.

Shell plugs well north of Corrib

SHELL EP Ireland has plugged and “abandoned” a satellite well located north of the Corrib gas field which promised additional gas reserves.

The Corrib North well, which is some 80km off the west coast, showed “some indications” of gas, but in “non-commercial quantities”, according to company sources.

Bank of Scotland Ireland nearer to closing

Bank of Scotland (Ireland) has moved one step closer to winding down following a deal between its owner, Lloyds Banking Group, and Certus, the new service company that will support and administer the bank’s loan book. Lloyds said the commercial agreement with Certus and a second deal with IBM, which will provide technical support to both Certus and Bank of Scotland, was “a significant milestone” in the group’s plan to close the Irish division. The agreements have terms of between five and seven.