Irish miss out on mobile shopping
Only 8pc of Irish people have used mobile devices to make purchases or financial transactions, accountancy firm KPMG said yesterday.
The figure compares to an average of 28pc across the world, it added. The figure in Northern Ireland is 15pc.
SiteServ reports big profit tumble
Support services group SiteServ said pre-tax profits slumped more than 13-fold to €700,000 as sales fell. The company, which recently won a three-year €60m contract to provide energy services to homes on behalf of Bord Gais, said sales fell to €151.4m in the 12 months from April from €228.6m.
New fixed-term account by EBS
EBS Building Society has launched a 12-month fixed term savings account with a rate of 3.35pc gross (Annual Equivalent Rate). The account has a minimum opening balance of €20,000 for a 12-month fixed term. No withdrawals or lodgements are allowed in the fixed term.
Don't pay interest only, warns expert
People in arrears on their mortgages should not opt to pay the interest only as they will only end up deeper in debt, chairman of the Debt Management Association Eugene McDarby said. He said homeowners struggling to meet repayments would be better off trying to persuade their lenders to accept a capital-only payment for a period, with the bank writing off the interest portion of the mortgage over that time.
Aviva makes new appointments
Aviva, the country's largest insurance group, has announced the appointments of Peter Towers as head of bancassurance and managing director, Aviva Life and Pensions Ireland; Gerry Culligan, retail market leader, Ireland; and Conor O'Neill, finance director, Ireland.
Amazon misses profit forecast
Amazon.com Inc, the largest Internet retailer, posted second-quarter profit that missed analysts' estimates. Net income rose to $207m, from $142m a year ago, the company said. Analysts surveyed by Bloomberg expected 54 cents, on average.