Business World

Saturday 22 July 2017

Digital TV tender won't be repeated

MEDIA

THE Broadcasting Authority of Ireland (BAI) said it was "disappointed" it could not complete the tender process for commercial Digital Terrestrial Television in Ireland. The BAI said the process would not be revisited in the near future as it was now focused on introducing Public Service Broadcasting.

Barclays' income rises 29pc

BANKING

BARCLAYS, Britain's third-largest bank, said first-half profit rose 29pc as a drop in provisions for bad loans mitigated a decline in investment banking revenue. Net income rose to £2.43bn (€2.92bn) from £1.89bn in the year-earlier period, the London-based bank said in a statement yesterday.

Warning over ferry mobile calls

ROAMING CHARGES

IRISH Ferries and Stena Line passengers are being warned of high mobile phone roaming charges in open seas. But the Norwegian company behind the on-board mobile service, Maritime Communications Partners, says its charges reflect the higher cost of satellite technology.

Electricity levy 'outrageous'

ENERGY

THE Irish Hotels Federation has rejected as outrageous the Commission on Energy Regulation's decision to impose another levy on electricity customers from October 1. The IHF demands "the Government show leadership and intervene to overturn the decision", which it says could cost up to €7,000 a year for individual hotels.

Oil slips below $82 a barrel

CRUDE

OIL prices slipped below $82 a barrel after an economic report suggesting that hiring in the US remains weak. Benchmark crude for September delivery fell 53 cents to $81.94 a barrel in early afternoon trading on the New York Mercantile Exchange. Oil has traded in the $70s for most of this year on economic concerns.

Four-door plan for Lamborghini

Automotive

Lamborghini would consider adding a four-door to its range of two-seaters it said yesterday. "A third model would fit Lamborghini very well," said chief executive Stephan Winkelmann. Building a four-door sports car would allow it to compete against Maserati's Quattroporte and Aston Martin's Rapide.

Irish Independent

Promoted articles

Also in Business