HMV must honour vouchers – ACCA
Published 18/01/2013 | 05:00
THE appointment of a receiver to the HMV in this country and an administrator in the UK does not invalidate any HMV Ireland gift vouchers, accountancy body ACCA Ireland said. The vouchers are still legal debts of HMV, advisory services manager Aidan Clifford said.
ACCA believes that it was also wrong of HMV Ireland to refuse to accept vouchers as payment after the administrator was appointed in the UK but prior to the receiver being appointed in Ireland.
BA to add further Heathrow flights
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British Airways currently operates up to eight flights a day between Dublin and Heathrow. It began operating the route after acquiring BMI last year. The service directly competes with Aer Lingus.
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Paddy Power chairman Nigel Northridge welcomed Ms Gray to the board. He said she is a "highly accomplished and capable director" who will bring valuable insight to the company.
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Ardagh has raised $1.2bn via three separate issues to fund the acquisition. The largest issuance is for $850m of senior notes with a coupon of 7pc.
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The find is close to the Barryroe oil field, where Providence Resources said last March it had found an oil field with more than one billion barrels of oil. Lansdowne is a minority partner in Barryroe. The find came after a 3D seismic survey of the site.