Wednesday 21 February 2018

Former SIAC finance boss Terry Ryan goes Mainstream

Eddie O'Connor, Chief Executive of Mainstream
Eddie O'Connor, Chief Executive of Mainstream

The former chief financial officer of construction firm SIAC, Terry Ryan, has been appointed finance director of global operations at Irish energy firm Mainstream Renewable Power.

Mainstream, which was founded by chief executive Eddie O'Connor, pictured left, has operations in countries such as South Africa and Chile. It was recently granted permission to build two multi-billion euro offshore windfarms in the UK.

Zero-hours contracts to be probed by UL

The Minister for Business and Employment, Ged Nash, has appointed the University of Limerick  to carry out a study into the prevalence and impact of zero hour and low hours contracts.

The team from the Department of Personnel and Employment Relations in the Kemmy School of Business is expected to report back to the Minister within six months with its findings and also recommendations for policy change, should they be warranted. Zero-hour contracts are hugely controversial.

The research team is being led by Professor Patrick Gunnigle and Dr Michelle O'Sullivan.

Banking bosses upbeat on prospects

Most banking chief executives around the world are optimistic about their firms' growth prospects over the next three years, according to a survey from PricewaterhouseCoopers. It surveyed 175 banking and capital markets chief executives in 54 countries.

While 92pc are optimistic about their own growth prospects, only 43pc think global economic growth will improve over the next 12 months. That compares to 56pc who thought the same last year.

The bank bosses also think that changes in regulation will continue to have a disruptive effect on the sector for the next five years.

 

Irish Independent

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