Saturday 18 November 2017

Profits down 50pc at top meat firm


ONE of the country's leading meat suppliers saw its profit before tax more than halved last year, new accounts show.

Goldreed Holdings, which controls the Rudd's Fine Foods and Brady Family Ham brands, made a pre-tax profit of €481,001 in 2010, compared to €1,000,047 in 2009.

The company had retained profits of €443,973; down from €851,896 a year earlier.

Tullow Oil planning Ghana listing

TULLOW Oil, which operates Ghana's Jubilee oil field, plans to sell four million shares on the West African nation's stock exchange, it said. The Ghana Stock Exchange offer will start on June 13 and end July 4. The company will announce the price per share on the first day of the offer. The stock is expected to start trading on July 27.

CIT offers first cloud computing degrees

IRELAND'S first Masters and under-graduate degree programmes in cloud computing have been announced. Cork Institute of Technology (CIT) is joining forces with a subsidiary of US technology firm EMC to develop the courses. Initially 20 Masters degree places are on offer, starting in September 2011.

Weak demand hits US housing market

US HOUSE prices fell in March, dipping below their 2009 low, as the housing market continued to be affected by weak demand, an index has shown. The Case-Shiller housing index fell 0.2pc in March from February on a seasonally adjusted basis, in line with forecasts.

Kelly consents to judgment order

PROPERTY developer Paddy Kelly is not opposing US$5.77m(€4m) summary judgment orders being entered against him here in favour of a British Virgin Islands company, the High Court heard yesterday. The order in favour of Bussoleno Ltd follows a judgment against Mr Kelly and two other businessmen granted by a Florida court.

Irish Independent

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