€100,000 web fund earmarked for SMEs
The money will be made available to 10 firms to develop or upgrade their website. The IEDR, which has been on the go 10 years, said SMEs are slow to realise the revenue potential of the internet.
Top-up firm's Irish revenue takes hit
PAYPOINT, the UK-based company that provides mobile top-up services here and in Britain, said yesterday that revenues from Ireland had been hit by a decline in the number of transactions, especially as operators have been offering more airtime at the same price. Its Irish revenue declined over 10pc to £11.2m (€13.2m) in the six months ended in September. It also provides services for ESB and Bord Gais customers.
€269m for Irish hi-tech researchers
RESEARCHERS from Irish companies and higher education institutions have won funding totalling €269m since 2007 for research projects in areas like ICT, health, nano-technology and energy, claimed innovation minister Conor Lenihan. The €50bn Seventh EU Framework Programme (FP7), the largest European R&D funding programme ever, is seen as a major asset in the EU's fight against the current economic crisis.
Smurfit chief opts for €2.8m in shares
SMURFIT Kappa CFO Ian Curley exercised options yesterday to acquire 557,561 shares in the company at a total cost of €2.78m. He sold 649,985 shares in the group at €7 apiece, for a gross €4.55m. He retains 193,767 shares in the firm. Shares in Smurfit Kappa closed flat at €7.27.
UK to plough £8bn into rail network
PLANS for £8bn (€9.45bn) of investment in Britain's railways have been announced by the government. Some 2,000 new carriages will be bought to tackle overcrowding and the Thameslink will go ahead. Yet only 650 of the new carriages will be available by 2014 while Thameslink is delayed two years.