Business Irish

Saturday 25 February 2017

First Active take over Dublin site

DEVELOPMENT

FIRST Active has taken control of another Dublin city land bank after sending in a receiver to Apex Estates. Grant Thornton's Michael McAteer yesterday confirmed he had been appointed receiver in recent days.

The company's sole asset is understood to be its Benburb Street land bank, which has planning permission for about 90 apartments.

Apple, Microsoft in iPhone talks

TECHNOLOGY

RIVALS Apple and Microsoft are in talks to replace Google as the default search engine on the iPhone. The negotiations may not be concluded quickly and might still fall apart, people familiar with the talks said. The discussions reflect the intensifying rivalry between Apple and Google.

Xerox buys Cork firm for €29.7m

MERGERS

XEROX has bought Cork-based Irish Business Systems to gain 2,000 customers in a deal worth €29.7m. IBS is the largest independent supplier of digital imaging and printing solutions in the country.

Circle Oil's Egypt well successful

OIL

CIRCLE Oil, the Limerick headquartered oil and gas exploration company, said a well has been successfully drilled and tested in Egypt. The London-listed company said the well is now being prepared for connection.

Man Utd debt rises to £716.6m

SPORTS

MANCHESTER United's parent company's debt increased to £716.6m (€829m) in the last fiscal year as liabilities ballooned from the 2005 takeover of the club. Red Football Joint Venture's borrowings increased from £699m, according to a filing to Companies House for the 12 months to June 30, 2009.

William Hill sees shares increase

BETTING

SHARES in William Hill rose the most in three months in London trading after saying its betting margin from sports results recovered. The bookie said full-year gross win margins were between 17pc and 18pc. The company's margin had fallen to 15.4pc in the third quarter.

Irish Independent

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