Bank freezes assets of man's estate
BANK of Ireland has secured an injunction freezing the assets of the estate of a Co Wexford man who died weeks after borrowing €6m from the bank, jointly with his son. The bank sought the freezing orders on the grounds that there was a grave risk of imminent dissipation of the assets of the €3m estate of the late Edward Sinnott, Monarrigg, Blackwater, Enniscorthy, Co Wexford, who died on June 14, 2007. The orders were obtained against his son, Martin Sinnott, of Brookhaven, New Bay, Co Wexford, and his nephew, also Martin Sinnott, of Tara Hill, Gorey, Co Wexford, both of whom are executors of Edward Sinnott's will.
JustMobile is to cease operations
JUSTMOBILE, the mobile operator which is backed and chaired by the telecoms entrepreneur Sean Melly and which launched to great fanfare less than a year ago, is to cease operations after it failed to generate sufficient business in an already crowded market. The company, which was established by Stuart Kelly and Donal Lawless, was seen in the industry as representing a significant gamble. It had hoped to capture a sizeable chunk of Ireland's pre-pay mobile market, which is dominated by players such as Vodafone, O2, Meteor and 3, and where other operators, including Tesco, already operate. JustMobile's SIM cards were distributed through Spar, Mace and XL stores across the country after it secured a deal with BWG.
NTR chief executive
A CAPTION in yesterday's paper referred to Jim Barry as chief executive officer of NTR and Michael McNicholas as deputy chief executive. In fact, Mr McNicholas is now chief executive. Jim Barry is now chief investment officer of the renewable power investment venture BlackRock/NTR. NTR also wishes to point out that it does not have any debt on its balance sheet.