Tuesday 23 May 2017

Chadwick buys up €230,000 of stock

SHARES

GRAFTON Group non-executive chairman Michael Chadwick has paid €230,000 to buy 100,000 shares in the company, according to a stock exchange filing yesterday. He bought the stock on Monday and Tuesday. The purchase comes soon after he handed shares worth over €5m to his wife earlier this month.

HICL invests in 26 Barclays projects

ACQUISITION

UK infrastructure group HICL has acquired investments in a swathe of public-private projects, including the Cork School of Music, from Barclays. HICL said it had bought £143m (€171m) worth of investments in a total of 26 projects from two infrastructure funds managed by Barclays Infrastructure Management. The Irish investments also include a grouped school project.

Commission backs credit union rescue

FINANCE

EUROPEAN Commission officials have approved moves by the State to pump up to €1bn into the credit unions to rescue ones that are in financial trouble. It is expected that around €250m will be put in to prop up weaker credit unions next year. Brussels said the credit union rescue scheme was in line with its guidance on how states could assist domestic financial institutions.

Our economy lacks

drive, says survey

SENTIMENT

THE economy continues to lack any strong forward momentum at the end of 2011, according to the KBC Bank Ireland/Chartered Accountants Ireland Business Sentiment Survey. The results suggest activity levels across companies based in Ireland weakened slightly and employment fell further in the final three months of the year.

Five UK banks stop debit card charge

BANKING

BRITISH holidaymakers will no longer be charged for buying foreign currency with a debit card in the UK at five banks, the UK's consumer watchdog has said. Lloyds, Barclays, RBS, Santander and the Co-op Bank all agreed to drop the charges.

Irish Independent

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