Developer leaves bottle site firm
Michael Flannery, a key associate of property developer Bernard McNamara, has resigned from Becbay, the company behind the Irish Glass Bottle site. The site, located in Ringsend, was bought at the height of the property boom and has been hit by savage writedowns.
Craftprint suffers €1m trading loss
DUBLIN-based Craftprint lost €1m last year and is reliant on the support of its bankers to continue trading. Accounts just filed with the Companies Registration Office showed the printer's turnover fell almost 30pc to €4.2m last year, while administration expenses soared and the business booked a €250,000 impairment on land and premises. Craftprint's directors said they "are confident that the banks' continued support is forthcoming".
Electro's profits plummet by 80pc
ELECTRO Automation, the technology force behind scores of parking systems throughout the country, suffered an 80pc fall in pre-tax profits in the year to October 2009 as turnover dipped. Accounts just filed with the Companies Registration Office put the 2009 turnover at €18.5m, against €23m a year earlier, while 2009's pre-tax profits came in at almost €140,000.
Twitter to stream real-time updates
NETWORKING site Twitter will provide real-time updates after the company says it will provide a streaming application programming interface in the near future. Twitter client applications download updates from Twitter on a set interval such as every 10 minutes. Under the new plans, however, that interval will not be required and the site will instead provide streaming updates to client apps.
Disney offloading Miramax Films
DISNEY is selling Miramax Films for about $660m (€505m) to the Filmyard Holdings consortium in a deal that includes the rights to dozens of award-winning movies, including 'Chicago' and 'No Country for Old Men'. Walt Disney Company announced the sale yesterday, saying it expected the deal to close before the end of the year, subject to regulatory approval.