BUSINESS - IRISH EXAMINER

An Post pension deficit ruling due

An Post expects a ruling from the Pensions Board regarding its pension deficit solution agreement within the next month.

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Anglo seeks approval for sale of $19bn loans in US

A bankruptcy judge in the US has been asked by IBRC to approve the sale of loans with nominal balances totalling more than $19bn (€13.75bn).

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Firm’s unsecured creditors ‘unlikely’ to be paid

The liquidator to building firm Tom Hayes Ltd said yesterday that it is “a little bit unlikely” that unsecured creditors owed over €2.7m will see any of their monies.

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Hoteliers challenge JLC decision

Hoteliers have launched a High Court challenge against a government decision to retain a Joint Labour Committee to determine pay and conditions for those working in the sector outside of Dublin and Cork City.

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Barry O'Leary: Lack of private capital available.

IDA to build first factories in 30 years

The IDA is to start building factories for the first time in 30 years in an attempt to lure companies to Athlone and Waterford.

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Kenmare up 8% on strong results

Mining company Kenmare Resources saw its share price rise by almost 8% yesterday on the back of a strong trading performance in the first quarter, traditionally the Dublin firm’s lowest production point of the year.

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Probe into AMT clients’ funds

The Central Bank has contacted the providers of investment products to Asset Management Trust (AMT) to check the balances of clients’ investments following the highly unusual move by the regulator to freeze the accounts of a firm that is not authorised to handle client money.

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ECB President Mario Draghi

ECB may use quantitative easing: Draghi

The European Central Bank might start broad-based asset purchases if the inflation outlook worsens, Mario Draghi said, as he prepares the ground for one of the most radical policies in ECB history.

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Jameson’s 13% global growth the toast of Pernod Ricard’s portfolio

Jameson Irish Whiskey has led the way for international drinks giant, Pernod Ricard in its financial year to date; with global sales of the brand up 13% year-on-year during the nine months to the end of March.

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Jean-Francois van Boxmeer: Encouraged by positive start to the year.

Irish sales help revenues at Heineken

Market share gains in Ireland and a number of its other major western European markets helped mitigate sliding sales volumes elsewhere in the continent for Dutch beer giant Heineken in the first quarter of this year.

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Vincent Browne

Vincent Browne’s media firm turns a profit as losses continue to shrink

The media firm owned by broadcaster and columnist, Vincent Browne recorded profits of €135,831 last year, new figures show.

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