Court gives more time to McInerney
MR Justice Frank Clarke yesterday extended High Court protection for the McInerney construction group until December 3.
The judge said his decision to extend the period of examinership for the group was done with "considerable reluctance" because he had not concluded, at this stage, there was no realistic chance of the examiner coming up with a survival scheme which could succeed.
Topaz walks away with double award
FUELS and convenience retailer Topaz has been crowned Irish Retail Company of the Year. The award was presented to Topaz at the Retail Excellence Ireland Awards in Galway. The company beat off the likes of O2, Debenhams, Vodafone, the Dixon Group and Musgraves & BWG. The company topped the weekend by winning the prestigious Best Employer Award. Paul Candon, marketing and corporate services director, said it was a fantastic achievement and the company was delighted.
Renault tops list as car sales hit 3,742
FIGURES from the Central Statistics Office show that a total of 3,742 new private cars were licensed in October, a 134pc increase on the figure of 1,596 the same month last year. The most popular brands of new cars sold last month were Renault, followed by Toyota, Volkswagen and Ford. However, the figures also show that the number of new goods vehicles licensed fell by 11.5pc to 711 last month, compared with 803 in October 2009.
Half-year earnings at Aurora rise 36pc
THE owner of fashion chains including Oasis, Coast and Warehouse yesterday said it was accelerating its growth plans after a successful half-year performance. Aurora Fashions was formed in March last year to buy the chains after the collapse of former owner Mosaic and its Icelandic backer Baugur. The company, which also owns the Karen Millen brand, reported a 36pc rise in underlying earnings to £17.8m (€20.6m) for the six months to July 31 and said it was moving to the next stage of its development ahead of schedule. Aurora recently appointed managing directors at each of its four brands for the first time.