Business Irish

Sunday 25 March 2018

Microsoft shows third-level IT vision

MICROSOFT Ireland has signed a three-year agreement to provide IT services to the third-level sector. The deal with HEAnet, Ireland's National Education and Research Network, will enable students to access a number of Microsoft technologies, including the cloud-based Azure programme for a 90-day period, Office 365 and Dreamspark.

Elan in $659.5m debt buy-back

Irish pharmaceutical company Elan has bought back $659.5m (€511m) of its own debt, in the last stage of a bond market refinancing that has reduced borrowing costs and pushed out its debt maturity profile. The debt is being bought back after the company raised $600m of bonds due to be repaid in 2019 and paying interest of 6.25pc in September. Shares in Elan closed up slightly at €8.6 each yesterday.

Services index up on transport and food

The seasonally adjusted monthly services value index increased by 0.9pc in August 2012 when compared with July of this year and there was an annual increase of 6.3pc. Most sectors showed month-on-month increases in August, new figures from the Central Statistics Office show. Transportation and storage sector was up 3.4pc, while accommodation and food service activities was 3.2pc higher.

Barclays in deal to buy ING Direct

UK banking giant Barclays has agreed to buy savings and mortgage business ING Direct UK in a deal that will see it add another 1.5 million customers. The acquisition will boost Barclays' savings business by £10.9bn and its mortgage book by £5.6bn. Barclays, which will also take on around 750 ING Direct employees, said it would honour existing terms and conditions for ING Direct customers.

Conroy Gold hits new prospect

Conroy Gold and Natural Resources has discovered more large gold-in-soil targets within its Slieve Glah licence areas in Co Cavan. The new Slieve Glah gold targets lie at the southern end of the 30-mile gold trend discovered by the company. It is about 25 miles south of the Clontibret Gold Project in Co Monaghan. Conroy said that two new targets, each over 3km in length, were discovered.

Irish Independent

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