Business Irish

Monday 29 May 2017

GreatGas in €3.5m transport deal

fuel

GREATGAS Petroleum, the Irish-owned fuel supplier, has signed a four-year contract worth €3.5m with haulage company COH Transport. GreatGas sources its fuel from ConocoPhillips in Whitegate, Co Cork, and COH Transport enables the delivery of fuel from the refinery to GreatGas's network of forecourts in the Munster and south Leinster region.

Action called for against 'nixers'

black economy

AN ESTIMATED €4.5bn in tax revenue is being lost every year on the 'black economy', according to the head of the Irish Small and Medium Enterprises Association, Mark Fielding. Mr Fielding called for a tougher approach from the Government to curb the growth of a "nixer" culture. "Rogue operators (are) destroying legitimate businesses and threatening livelihoods," he said.

Clothing chain's shares soar 6pc

retail

SHARES in the clothing retailer Next soared by 6pc yesterday, after the company reported increased profits and quadrupled their interim dividend. Next, which employs some 400 staff across 28 stores in Ireland, reported a 15pc increase in profit before tax to £213m (€256m) for the six months to the end of June on the back of revenues which increased by 5pc to £1.6bn. The increase in profit was down to better cost management, longer opening hours and an expansion of their online retail operation.

Wind 'to generate 75pc of electricity'

energy

THE head of EirGrid, which runs the State's electricity transmission network, has said it is possible that 75pc of electricity will be generated from wind in the future. Chief executive Dermot Byrne said a government target to produce 40pc of electricity from renewable sources by 2020 could be surpassed.

Irish Independent

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