Sunday 4 December 2016

Life Strategies' profits up 30pc

Published 05/02/2010 | 05:00

INSURANCE

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DUBLIN actuarial consultancy Life Strategies grew profits by more than 30pc in its last financial year before becoming part of international consultancy group Milliman. Accounts just filed for the Irish company show pretax earnings of more than €1.7m for the year ended March 2009.

Merrion Capital guarantees to BoI

FINANCE

MERRION Capital has given fresh financial guarantees to Bank of Ireland on foot of loans given to its parent Newriver. The guarantees are detailed in documents signed on January 22 and just lodged with the Companies' Office.

Greenstar begins recycle fit out

WASTE

Greenstar, a subsidiary of diversified utility NTR, has commenced fitting out what will be London's largest recycling facility, it said yesterday. The centre is licensed to process up to 250,000 tonnes of waste a year. It will begin operation in the spring, with 100,000 tonnes annually of municipal waste already secured for processing.

Shell profits drop 69pc to $9.8bn

OIL

ROYAL Dutch Shell yesterday announced plans to shed a further 1,000 jobs and sell six refineries as the oil company fights to stem widening losses. The announcement came as Shell unveiled a 69pc plunge in annual profits to $9.8bn (€7bn) from $31.4bn (€22.5bn), prompting Peter Voser, the chief executive, to deliver a gloomy verdict on the industry's prospects.

Irish Independent

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