Saturday 14 December 2019

In Briefs - New credit union role

Marks & Spencer
Marks & Spencer

Anne Marie McKiernan has been appointed registrar of credit unions at the Central Bank of Ireland.

Ms McKiernan is currently head of risk in the Central Bank. She will be responsible for regulation and supervision of the credit union sector in Ireland and succeeds the current registrar, Sharon Donnery, who was appointed director of credit institutions last March.

Ms McKiernan will take up her new position in September.

She joined the Central Bank in 1994 as an economist.

New oil firm directors

Irish oil firm Petroceltic has made two new appointments to its board.

Don Wolcott and Joe Mach have joined as non-executive directors. Mr Wolcott and Mr Mach were recommended as directors pursuant to an agreement between the company and Worldview Capital Management, a 
20pc shareholder in Petroceltic.

Mr Wolcott was CEO of Ruspetro from 2011 until 2013. Prior to that, he worked for Yukos Oil. Mr Mach is also a former Yukos executive.

GM's South Africa woes

General Motors suspended production at its main South African plant after a strike hit parts supplies, making 
it the latest victim of relentless employee unrest in Africa's most advanced economy.

Violence erupted on some picket lines as the wage strike by the National Union of Metalworkers of South Africa dealt a further blow to an economy damaged by a five-month walkout in the platinum industry that only ended last week.

M&S website issue

British retailer Marks & Spencer is expected to blame its transition to a new web platform for a twelfth straight quarterly fall in underlying general merchandise sales when it gives a trading update on Tuesday.

Britain's biggest clothing retailer, which also sells homewares and upmarket foods, will publish its first-quarter sales figures ahead of its annual general meeting on the same day.

Busy month for Airbus

Airbus sold more than 200 aircraft in June during an unexpectedly busy month that saw some reshuffling of its order book.

But it took over 120 cancellations to end the first half behind US rival Boeing.

Airbus posted 515 orders between January and June, or 290 when adjusted for cancellations.

Irish Independent

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