Business Irish

Tuesday 23 January 2018

NAMA chief gives North loans update

NAMA chairman Frank Daly yesterday updated a Northern Ireland Chamber of Commerce lunch in Belfast on the progress at NAMA over the past 12 months and outlined the extent of the agency's Northern Ireland loan portfolio.

Loans originating from the North account for just 5pc of the value of NAMA's total portfolio, Mr Daly said. He explained that the value of the loans acquired was approximately €4bn and was accounted for by 180 debtors.

Court fails to quash Soros's conviction


BILLIONAIRE investor George Soros has failed in his latest effort to have a 2002 conviction for insider trading in Societe Generale shares thrown out. The European Court of Human Rights has ruled against Soros in the latest blow to the investor's nine-year battle to have the conviction overturned.

Soros, now 81, was fined the €2.2m he had made from trading in the French bank's shares. However, while prosecutors filed criminal charges, France's stock market regulator opted not to pursue a case against the investor, arguing that insider trading laws were too vague.

Beckham's annual earnings rise 31pc


DAVID Beckham's earning power is climbing in his soccer career's twilight. The 36-year-old former England captain paid himself an extra £2.6m (€3bn) last year from new endorsement deals, according to a filing by his based company, Footwork Productions. Beckham's total 2010 earnings from the company, which doesn't include his Los Angeles Galaxy salary, rose 31pc to £14.9m, the filing shows.

Brewer's shares gain over rumours


SABMiller, the world's second-biggest brewer, advanced 7pc in London trading after Brazilian news reports that the beermaker is in talks to be bought by larger competitor Anheuser-Busch InBev (ABI).

Cost of T2


IN an article in yesterday's paper it was stated that Dublin Airport's Terminal 2 cost €2bn to build. In fact, it cost around €600m.

Irish Independent

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