Business World

Sunday 26 March 2017

Sony keeps eye on ball with Hawk-Eye

ACQUISITION ECONOMICS OIL SMALL FIRMS Property

SONY is to acquire the tracking system used to predict a ball's path to great but controversial effect in cricket and tennis.

Sony will buy Hawk-Eye for an undisclosed sum.

The system has been used in international cricket since 2001, while it has more recently been used in major tennis tournaments to determine if a shot is "in" or "out".

Economist from Goldman joins BoE

BEN Broadbent, a senior economist at Goldman Sachs, is to replace Andrew Sentance on the Bank of England's monetary policy committee (MPC). Mr Broadbent's first MPC meeting will be in June. Mr Sentance has been voting in favour of an increase in interest rates at MPC meetings since June last year.

Providence awards survey contract

GAS and oil exploration firm Providence Resources has awarded a 3D seismic survey contract to Polarcus as it continues with its pre-development drilling programme on the Barryroe oil discovery in the south-western end of the Celtic Sea off Wexford. The Dublin-based group said the 15-day survey would begin in June. Providence agreed a share placing to raise about £41m (€47.5m) before expenses last month as it looks for oil and gas off the Irish coast.

SFA gives new state deal wary welcome

THE Small Firms Association (SFA) has given a cautious welcome to the Programme for Government agreed by Fine Gael and the Labour Party. The programme had "good and bad news" for SMEs, said the association. SFA director Avine McNally said: "At last we have a commitment that a partial government-backed loan guarantee scheme will be introduced" while "the devil will be in the detail" of the setting up of a strategic investment bank.

Treasury Holdings nets M&S in China

Treasury Holdings Real Estate, the trustee manager of Treasury China Trust (TCT) has secured a 10-year lease pre-commitment for 3,768sqm in retail space from Marks & Spencer as an anchor tenant of TCT's "city centre" property in Shanghai.

Irish Independent

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