In brief: Shackleton at UCD
Published 01/02/2014 | 02:30
A new purpose-built innovation space called The Shackleton Lounge has been opened by UCD's Innovation Academy.
It will be home for some 500 students of innovation, entrepreneurship and enterprise at the academy in the heart of the Belfield campus. This year marks the 100th anniversary of the Endurance expedition of Irish explorers Shackleton and Tom Crean.
MORTGAGE BOND RISE
GOVERNMENT-backed US mortgage securities are poised for their biggest monthly gains since 2008 after posting their first annual losses in 19 years.
Returns in the $5.4 trillion market averaged 1.5pc in January, the largest advance since a 1.7pc gain in December 2008. The debt lost 1.4pc last year as investors braced for the Federal Reserve to slow its buying of the bonds and of Treasuries, reductions that began this month.
MORE NORTH FIRMS BUST
COMPANY failures are rising in Northern Ireland while the rest of the UK continues on its road to economic recovery, analysis has revealed.
Investigative website Exaro said 15 companies entered administration or receivership in the quarter to December in Northern Ireland, up from 11 for the same period last year. Winding-up petitions in the region increased by one to 37; orders or resolutions to wind up were up by two to 64; while appointments of liquidators rose from 33 to 41. One of the north's best-known construction companies, Mivan, went into administration three weeks ago.
HOME BUILDING BOOM
NEW home registrations in London last year rose to the highest in at least 26 years as the government supported lending and Asian buyers sought properties in overseas markets.
Registrations increased 60pc from a year earlier to 26,230, the National House Building Council said, the highest since the group began keeping electronic records in 1987. "We are not popping the champagne corks just yet," NHBC's Mike Quinton said.
VALUE OF NAMA LOANS
IT was reported in yesterday's edition that about 10pc had been "wiped off" the value of loans held by the National Asset Management Agency in the first nine months of last year.
We would like to clarify that much of the reduction in the carrying value was due to the successful sale of assets by the agency.
Irish IndependentFollow @Indobusiness