Sunday 11 December 2016

Central Bank warns on investment firm

REGULATION

Published 08/12/2011 | 05:00

THE Central Bank has warned the public about using a company called Learn About Shares Limited (Ireland) -- which is not authorised as an investment firm in Ireland. The Central Bank warns that people who have used the firm's services in Ireland are not eligible for compensation from the Investor Compensation Scheme if their funds are lost.

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Ex-CEO O'Mahony retires from CRH

BUILDING MATERIALS

Former CRH chief executive Liam O'Mahony (65) is retiring as a non-executive director of the building materials giant. Mr O'Mahony was appointed the head of CRH's operations in the US in 1989. He served on the CRH board from 1992 and was CEO from 2000-2008.

Energy use falls due to better efficiency

ENERGY

ENERGY use in Ireland fell by 0.3pc last year because of improved energy efficiency and economic factors, the Sustainable Energy Authority said yesterday. The agency said energy used by industry fell 23pc, while energy used in transport slid 18pc in the three years to 2010. Energy used in homes rose 6pc last year due to the cold winter.

Citigroup to slash 4,500 jobs globally

FINANCE

Citigroup, which employs more than 1,500 people in Dublin, is to cut 4,500 jobs worldwide -- about 1.6pc of its workforce. More than 2,500 banks cut their workforces in the third quarter, reducing employment by a combined 20,332 jobs, or 2.5pc, according to an analysis by 'The Wall Street Journal'.

BP facing five more citations

OIL

BP was hit with five more safety citations from the US government yesterday, while it also received the latest legal salvo from a major contractor, as it continues to deal with fallout from last year's disaster in the Gulf of Mexico. The explosion on the Deepwater Horizon rig in April 2010.

Buffett buys solar power plant in US

ENERGY

WARREN Buffett's MidAmerican Energy Holdings utility is to buy the $2bn (€1.5bn) Topaz project in California. The Topaz Solar Farm will be one of the world's largest photovoltaic power plants and is being developed by the seller, First Solar Inc of Arizona. Terms weren't disclosed.

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