Business World

Wednesday 7 December 2016

Mandate members back DAA plan

AIRPORTS

Published 28/01/2010 | 05:00

MEMBERS of the Mandate union have voted by an overwhelming majority to back cost-cutting measures planned by the Dublin Airport Authority (DAA).

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The results of a ballot show that out of 219 votes cast, 202 were in favour of accepting the rationalisation plan, which will include nearly 400 lay-offs.

Smurfit Kappa and Mondi in deal talks

PAPER

SMURFIT Kappa is in talks with South African-based Mondi Group, both companies said in a brief statement to the stock market yesterday. A possible deal could see Smurfit swapping its European sack-converting operations for Mondi's UK corrugated operations. Neither company would comment on whether some form of cash payment might also be involved.

Goldparty.ie pays €16 for 24-carat

GOLD

Gold jewellery buying company Goldparty.ie has asked us to point out that it buys 24-carat gold for €16 a gramme, or €498 an ounce, which compares with the international price of €773. Figures quoted in a business story on Tuesday referred to the price the company pays for 9-carat gold.

Yahoo shares up despite fall in sales

ONLINE

SHARES in Yahoo rose in New York yesterday after the search engine reported fourth-quarter sales that topped analysts' estimates. Excluding revenue passed on to partner sites, sales were $1.26bn (€897m). Total sales fell 4.1pc to $1.73bn and display-ad sales grew 26pc in the fourth quarter from the previous period.

Germany's growth forecast increased

ECONOMY

GERMANY, Europe's top economy, will grow by more than expected this year, the economy minister said yesterday, raising his growth forecast to 1.4pc from a previous estimate of 1.2pc.

Eircom brings faster broadband

TELECOMS

Eircom has launched a 24Mbps broadband service, Eircom Home Turbo. which is now available to more than 550,000 customers across the country. It will cost from €32 a month when bought in conjunction with a bundle.

Irish Independent

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