NTR shares up as income rises
NTR's ethanol manufacturing subsidiary Green Plains Renewable Energy (GPRE) yesterday reported net income of $23.1m for the quarter to the end of December, compared to a net loss of $1.8m in the same quarter in 2008.
Revenue for the quarter soared to $436.7m compared to $183.2m a year earlier. Shares in GPRE rose by over 20pc in trading yesterday.
New fund aims to protect on falls
Standard Life has launched a protected fund which gives those who invest in it exposure to stock market growth but limits falls in the value of the investments. The Standard Life Barclays Multi-Asset Protected 85 Fund is designed to protect against the unit price falling below a certain level. This protection level is set at 85pc of the highest unit price recorded.
Mulcahy leaves estate agent chair
NAMA property consultant John Mulcahy has formally stepped down as a director of estate agency Jones Lang la Salle. Documents just lodged with the Companies' Office show Mr Mulcahy left the agency's board on February 15. He had been Jones Lang la Salle's chairman before going on secondment to NAMA late last year.
Willis set to make Ireland its HQ
ANOTHER Bermuda-based multinational company, insurance giant, the Willis Group, has secure court approval for its bid to relocate to Ireland for tax reasons following the introduction by President Barack Obama of changes in US tax laws. The move brings to about 10 the number of such companies which have transferred their headquarters here. The Willis Group employs about 22,000 people in about 100 countries worldwide.
Council refuses to allow carpark
KILSARAN Concrete has been refused planning permission by Dublin City Council to transform a former concrete plant in the docklands into a carpark. The council said granting the five-year permission would be contrary to its own planning policy and would set an "undesirable precedent" for similar sites in the city. Plans for the carpark were submitted before Christmas. The site is located on Hanover Quay.