Business Irish

Wednesday 22 February 2017

NAMA chief gives North loans update

Published 07/10/2011 | 05:00

NAMA chairman Frank Daly yesterday updated a Northern Ireland Chamber of Commerce lunch in Belfast on the progress at NAMA over the past 12 months and outlined the extent of the agency's Northern Ireland loan portfolio.

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Loans originating from the North account for just 5pc of the value of NAMA's total portfolio, Mr Daly said. He explained that the value of the loans acquired was approximately €4bn and was accounted for by 180 debtors.

Court fails to quash Soros's conviction


BILLIONAIRE investor George Soros has failed in his latest effort to have a 2002 conviction for insider trading in Societe Generale shares thrown out. The European Court of Human Rights has ruled against Soros in the latest blow to the investor's nine-year battle to have the conviction overturned.

Soros, now 81, was fined the €2.2m he had made from trading in the French bank's shares. However, while prosecutors filed criminal charges, France's stock market regulator opted not to pursue a case against the investor, arguing that insider trading laws were too vague.

Beckham's annual earnings rise 31pc


DAVID Beckham's earning power is climbing in his soccer career's twilight. The 36-year-old former England captain paid himself an extra £2.6m (€3bn) last year from new endorsement deals, according to a filing by his based company, Footwork Productions. Beckham's total 2010 earnings from the company, which doesn't include his Los Angeles Galaxy salary, rose 31pc to £14.9m, the filing shows.

Brewer's shares gain over rumours


SABMiller, the world's second-biggest brewer, advanced 7pc in London trading after Brazilian news reports that the beermaker is in talks to be bought by larger competitor Anheuser-Busch InBev (ABI).

Cost of T2


IN an article in yesterday's paper it was stated that Dublin Airport's Terminal 2 cost €2bn to build. In fact, it cost around €600m.

Irish Independent

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