Business World

Tuesday 27 June 2017

Avolon signs order for eight aircraft

AIRCRAFT leasing group Avolon, which is headed by Irish financier Domhnal Slattery, has signed an order for eight Airbus A320 aircraft with a list price of over $600m (€454m). The addition brings Avolon's total fleet to over 60. A decision on engine purchases for the aircraft has yet to be made.

RSA Security shows 888pc profit jump

A SHANNON-based internet security firm enjoyed an almost 10-fold increase in operating profits to $4m (€2.9m) last year, new figures show. According to returns just lodged by US-owned RSA Security Ireland Ltd, the company's operating profits last year increased by 888pc from $409,415 to $4m to the end of December. The company's revenues last year increased from $232.2m to $237.2m.

Country Crest takes share in Couverture

NORTH county Dublin-based Country Crest has announced that it has acquired a substantial share in dessert specialists Couverture Desserts. Employing 22 people, Couverture is a family-owned business, run by sisters Margaret Lynch and Geraldine O'Connor. Couverture supplies many of Ireland's top hotels with their dessert range. Couverture's 2011 plans include the launch of patisserie desserts in the retail market.

Comreg reveals rise in revenue of 1.8pc

Telecoms watchdog Comreg said that total revenue in the sector within Ireland rose 1.8pc in the quarter to the end of September to €968m, but added that on an annualised basis the figure was still down 2.9pc. Internet and broadband subscriptions rose to 1.6 million from 1.55 million while fixed broadband penetration per capita rose to 22.6pc.

Oil prices decline to $88 per barrel

Oil prices slid yesterday to near $88 (€66) a barrel, despite another batch of positive economic news. US government agencies said fewer Americans applied for jobless benefits and housing starts rose slightly in November. Benchmark oil for January delivery fell 31 cents to $88.31 a barrel in early afternoon trading on the New York Mercantile Exchange.

Irish Independent

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