Business Irish

Thursday 30 March 2017

Mixed results for Tullow's drilling

OIL

TULLOW Oil's Nzizi-3 well in Uganda has been successfully appraised, proving its viability as a future gas producer, the Dublin-listed exploration firm said yesterday. Separately, the Noix de Coco-1 well off Gabon found poor quality gas reservoirs. It has been plugged and abandoned.

Carroll property and cash seized

property

A RECEIVER appointed to Liam Carroll's Fabrizia Developments has taken possession of commercial property and cash. David Carson of Deloitte & Touche has taken possession of two assets, according to the latest returns. One is commercial property at St Augustine Street, Dublin 8, and the other is "cash balances" that come to more than €1m.

Grim figures on US mortgages

US HOUSING

MORE than one homeowner in 10 in the United States missed at least one mortgage payment in the first quarter, setting a record that suggests America's repossession crisis is far from over. The figures from the US Mortgage Bankers Association also show that 4.6pc of homeowners were subject to foreclosure in the first quarter -- another record.

Seminars aimed at SMEs here

SMALL BUSINESSES

A NATIONWIDE series of business seminars for SMEs is to start next Monday, running until June 4. They have been organised by Enterprise Ireland, the Small Firms' Association, the Irish Taxation Institute, IBEC and county enterprise boards. Details can be found at www.sfa.ie

Holy Communion gifts up to €1,000

SAVINGS

CHILDREN making their Holy Communion are getting up to €1,000 in gifts of cash, although the average is between €300 and €500. The head of the credit union insurer Cuna Mutual, Paul Walsh, has said those getting large amounts of cash in gifts would be well advised to put the money into a credit union rather than squandering it in shops.

Irish Independent

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