Marco Pierre White serves up a profit
THE group that operates celebrity chef Marco Pierre White's steakhouse restaurant and jockey Frankie Dettori's first Irish restaurant venture, both located in Dublin's city centre, swung back into profit last year, new figures show. Accounts just filed by Fitzers Holdings Ltd show the group recorded a profit of €95,939 after a loss of €1.02m in 2009.
Businessman must pay firm's €4m loan COURTS
A BUSINESSMAN who guaranteed loans to a property company has been ordered to repay almost €4m to Ulster Bank. Anthony Murray, of Killeaney House, Maynooth, Co Kildare, guaranteed loans made by Ulster Bank to property company M & M Construction Company Ltd, with which he was associated. M & M defaulted on its repayments and a receiver was appointed in March 2010.
Australian property group acquires DTZ
AUSTRALIAN property services group UGL has acquired DTZ, which is a shareholder of the commercial arm of Sherry FitzGerald, DTZ Sherry FitzGerald. UGL acquired DTZ on a going concern basis, securing full continuation of the DTZ group's business for its clients and staff, for consideration of £77.5m, plus an adjustment for cash.
HSBC fined £10.5m mis-selling product
BRITAIN'S Financial Services Authority (FSA) regulator has fined HSBC £10.5m (€12.25m) for mis-selling products to elderly customers. The FSA said the British bank had estimated it would have to pay a further £29.3m in compensation to them.
Advertising giant slips further into red
The Irish arm of French advertising giant JCDecaux slipped further into the red last year, posting a €131,000 pre-tax loss. Turnover at the company, which also maintains the Dublin bike scheme for Dublin City Council, fell to €13.4m from €14.6m. New accounts for the Irish business also reveal that it paid a €560,000 dividend to its parent firm last year, higher than the €378,000 paid in 2009, despite the widening loss. A further €155,000 dividend was approved following the latest year end. JCDecaux employs close to 70 people in Ireland.