Tuesday 16 January 2018

Credit Union gets manager extension

THE High Court has extended the appointment of a special manager to Newbridge Credit Union by six months. The special manager will continue to oversee the running of the credit union with a view to strengthening its financial position, a statement from the Central Bank said.

The Central Bank had appointed the special manager in January to protect members' savings and to allow the credit union to operate as normal.

Since being appointed, the manager has completed a review of the loan portfolio, prepared a viability plan, and made a series of improvements to the credit union's systems, controls, governance and lending practices.

Dublin Aerospace in new Aer Lingus deal

AVIATION

AIRCRAFT maintenance group, Dublin Aerospace, has concluded a new contract with Aer Lingus for the provision of Auxilary Power Unit maintenance services on its long haul fleet of A330 aircraft.

The maintenance services carried out under the contract covers Aer Lingus's fleet for a duration of five years.

Windows 8 to go on sale in late October

TECHNOLOGY

MICROSOFT'S Windows 8 operating system will be available to consumers from late October as the software giant looks to update its platform for a variety of devices, the company said.

The announcement on the new operating system came at the software giant's annual Worldwide Partner Conference in Toronto.

The latest version of the operating system will also be used on many smartphones and tablet computers, including Microsoft's own tablet to be launched this year.

Shell moves to top of Fortune 500

COMPANIES

ENERGY firm Royal Dutch Shell, with a 28pc increase in revenue in 2011, has topped this year's Fortune 500 list of the world's biggest corporations, ending Wal-Mart Stores' two-year reign.

The Netherlands-based company took first place with more than $484bn (€393bn) in revenues and $30.9bn in profits, a 53.6pc increase from 2010.

It continued to perform well into early 2012, boosting its earnings for the first quarter of 2012 by 11pc, the magazine said.

Irish Independent

Promoted Links

Business Newsletter

Read the leading stories from the world of Business.

Promoted Links

Also in Business