Saturday 24 February 2018

Business briefs: INM submission on British titles

Independent News & Media said yesterday it had lodged a submission to Britain's Office of Fair Trading inviting comments, by March 11, on the expected acquisition by Russian billionaire Alexander Lebedev of the INM's two British titles 'Independent' and 'Independent on Sunday'.

Hanafin to unveil strategy

pensions

The long awaited National Pension Strategy will be launched next Wednesday, Mary Hanifan, minister for social and family affairs told the annual dinner of the Irish Association of Pension Funds. It would have to take account of the economic difficulties and it would be implemented over a period.

Examinership for Wicklow hotel

HOTELS

THE High Court has granted examinership to Wicklow's Grand Hotel, giving the landmark property at least 35 days to strike a deal with creditors and structure a return to solvency. The petition for examinership was unopposed by the Grand's creditors. Blake Hughes' Neil Hughes was installed as examiner.

Providence deal is boost for firm

OIL

Providence Resources said yesterday it has entered into a collaboration agreement with a division of PGS which provides seismic surveys to the industry. The agreement will give Providence access to front-line technology and an extensive client database, the company said.

Radio Kerry profit moves up the dial

MEDIA

The Radio Kerry group made profits of almost €900,000 over the year ended April 2009, new Companies' Office filings show. The group, which includes Radio Kerry, Shannon Side and Northern Sound, had accumulated profits of €941,000, up from €44,000 a year earlier.

Ryanair criticises Stansted decision

AIRLINES

Ryanair has lashed out at a decision by the UK's Competition Appeal Tribunal to overturn a decision made last year by the Competition Commission to force airport operator BAA to sell Stansted and one of its Scottish airports. BAA completed the sale of Gatwick last December. Stansted is Ryanair's biggest base.

Irish Independent

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