Business Irish

Monday 24 April 2017

Shanahan named new Forfas boss

Appointment

FORFAS, the national policy advisory body for enterprise and science, has appointed Martin Shanahan as its new chief executive.

A native of Co Kerry, Mr Shanahan was formerly the divisional manager of science, technology, innovation and human capital policy with the agency, and has a background in tourism and hospitality.

Scam threat rises during summer

RIsk

IRISH company owners were warned yesterday that there was a greater threat of business scams during the summer months. A survey by the Irish Small & Medium Enterprises Association (ISME) found that businesses were more likely to be targeted when senior management were on holidays.

Debenhams on a stronger footing

refinance

BRITISH department store operator Debenhams has finalised the refinancing of £650m (€764m) in borrowing facilities. The lead arrangers were Barclays Capital, Lloyds and Royal Bank of Scotland. Debenhams operates 11 outlets in Ireland. The retailer's chief financial officer said the refinancing put the group on a "strong footing for the future".

Software firm creates 20 jobs

expansion

US software company Lumension is to create 20 new jobs through the expansion of its Galway-based research and development centre. The company, which set up in Galway last year, originally planned to employ 30 people, but has now increased that figure to 50. Lumension is mainly involved in developing security software.

Emirates orders 30 new Boeings

Contract

EMIRATES Airline kicked off the Farnborough Airshow yesterday with an order for 30 Boeing long-range 777-300ER aircraft. The Dubai airline said the contract, worth $9.1bn (€7.03bn), "affirms Emirates's strategy to become a world-leading carrier and to further establish Dubai as a central gateway to worldwide air travel". The order comes just a month after the airline spent $11.5bn (€8.87bn) on 32 Airbus "superjumbos" -- the biggest contract in civil aviation history. Middle Eastern carriers, including Emirates and Qatar Airway, have become major buyers of commercial aircraft as they seek to use their geographical advantage to build a global network.

Irish Independent

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