Business World

Wednesday 26 July 2017

Etihad celebrates fourth anniversary

AVIATION

The chief executive of Abu Dhabi-based airline Etihad, James Hogan, has reaffirmed the company's commitment to Ireland as the carrier celebrated four years of operations here. Mr Hogan described Dublin as one of Etihad's most important destinations, and launched a fares promotion to mark the anniversary.

Express group has €16.1m turnover

LOGISTICS

ThE Dublin-based Independent Express Group -- which includes the Pallet Network and Independent Express Cargo -- reported turnover of €16.1m in 2010. The group, founded in 1984 by Owen Cooke, said turnover so far this year was up 9pc. It employs over 50 people at a €10m hub in Blanchardstown.

Businessmen sue law firm over fees

COURTS

TWO businessmen have sued a law firm for damages over alleged negligence, breach of ethics and overcharging. Kevin McCabe and James Glynn claim Lavelle Coleman told them in September 2005 maximum fees in a case would be €80,000 but, to date, they had spent €500,000 on legal fees here and a further €250,000 in the US. The original case related to alleged misappropriation of intellectual property rights in relation to an oil and water separator product, Fatstrippa.

British households have less to spend

ECONOMY

Tough times for British consumers look set to continue, Bank of England policymakers said yesterday, though they differed over whether more monetary stimulus might be needed for the struggling economy. Official data showed the biggest fall in households' disposable income in more than 30 years, against a backdrop of slow growth.

News Corp looks at Myspace offers

media

NEWS Corp, looking to conclude a sale of Myspace, is weighing two cash-and-stock offers for the social-networking service. News Corp is in talks with Golden Gate Capital, a San Francisco-based private-equity company, and Specific Media, operator of an online advertising network. The price will include a continued equity stake in Myspace for Rupert Murdoch's New York-based firm.

Irish Independent

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