The Naughton Foundation, which makes donations to education in engineering, science and technology has received €20.4m from one of the firms in Martin Naughton’s Glen Dimplex group.

Pre-tax profits at Glen Electric, the Northern Ireland-based division of electric appliance giant Glen Dimplex, last year increased by 13.5% to £68.5m (€87.2m).

Pre-tax profits at Glen Electric, the Northern Ireland-based division of electric appliance giant Glen Dimplex, decreased by 4% to £60.3m (€72.4m) last year.

PRE-TAX profits at Glen Electric, the Northern Ireland-based division of electrical appliance giant Glen Dimplex, increased last year by 13% to £66.3 million (€77.6m) in spite of a decline in revenues.

THE Competition Authority announced yesterday it has approved the proposed acquisition by Glen Electric Ltd, a Northern Ireland-based wholly owned subsidiary of Glen Dimplex Group, of Applied Energy Holdings Ltd.