Thursday 18 January 2018

Directors unprepared

three in five company directors say they are unprepared for the changes that will come when the Companies Act 2014 comes into effect in June, according to a new survey.

The Act is designed to make it easier to operate a company here, but private limited companies will have to decide which of two new types of structure they want their company to take.

Plc directors are better prepared than directors of smaller companies, the survey by the Institute of Directors in Ireland (IoD) found.

Daimler optimistic

motor company Daimler said sales momentum at its Mercedes division would help it achieve significantly higher revenue and operating income this year, as it announced further cost-cutting plans and a 10pc jump in fourth-quarter profit.

The company has lagged rivals in terms of global sales and profitability in recent years and is battling to narrow the gap.

"We plan to attain a level of earnings that has never been seen before at this company," chief executive Dieter Zetsche said.

Life risk survey

More than three in five people believe life is riskier than it used to be, according to a survey by insurance company Aviva.

Their top concerns are serious illness, unexpected events and job insecurity.

But despite the perception of an increased level of risk, the majority of respondents do not have any specific protection cover outside of home insurance.

Concern over UK in EU

Over 80pc of senior Irish executives think there would be negative consequences for Ireland if the UK left the EU, according to research.

Almost two in five respondents to the study by Merc Partners said they expect the UK to leave in the next five years.

Half said that Irish SMEs would suffer most, while 20pc felt agriculture would be hardest hit.

Coke teas' $1bn sales

Coca Cola's iced tea brands, Fuze and Gold Peak, both now produce annual revenues of at least $1bn, the company said.

"Increasingly, we've seen this category being very fertile and growing in quite a few regions across the world," said Samir Bhutada, the company's global director of tea and ready-to-drink coffee.

Coca-Cola ended a joint iced-tea venture with Nestle to focus on its own products three years ago.

Irish Independent

Promoted Links

Promoted Links

Business Newsletter

Read the leading stories from the world of Business.

Also in Business