Friday 9 December 2016

29pc of workers late due to clock change

MANAGEMENT DISPUTE ECONOMICS Crude

Published 29/03/2011 | 05:00

A SURVEY carried out by Peninsula, the Irish employment law firm, shows that 29pc of Irish employees were late for work yesterday after forgetting the clocks went forward.

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The survey also showed that 97pc of bosses have experienced employees turning up late when the clocks have gone forward in the past.

Cinema winding-up petition adjourned

THE High Court has granted an adjournment to Dublin's Light House Cinema, which is threatened with closure. The court was hearing a petition to wind up the cinema which was issued by its landlord, John Flynn, following a rent dispute.

The cinema says Mr Flynn doubled its annual rent in May 2010 from €100,000 to €200,000. It says it is not in a position to pay the increased rent and has been trying to negotiate with Mr Flynn. After the hearing, one of the cinema's founders, Neil Connolly, said he was happy an adjournment had been granted to allow the parties to attempt to reach a settlement.

Spending hikes more than forecast in US

AMERICANS increased spending more than forecast in February as incomes climbed, easing concern that rising food and fuel costs might derail the consumer demand that makes up 70pc of the US economy. Purchases increased 0.7pc, the most since October, after advancing 0.3pc the previous month, Commerce Department figures showed in Washington.

Oil prices slip after rebel gains in Libya

Oil prices slipped below $105 a barrel yesterday as Libyan rebels retook control of two key port towns and said they would resume crude exports within weeks.

In Europe, benchmark crude for May delivery was down 60c to $104.80 a barrel in electronic trading on the New York Mercantile Exchange. In London, Brent crude was down 52c at $115.07 a barrel on the ICE futures exchange. Rebels recaptured oil complexes in Ras Lanouf and Brega as strikes by coalition fighter jets pushed back forces loyal to Muammar Gaddafi.

Irish Independent

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