Saturday 24 February 2018

Quinlan resigns from director post

FINANCE

Financier Derek Quinlan has stepped down as a director of Quinlan Private Clients. The move is the latest in a raft of directorship resignations since Quinlan moved to Switzerland last autumn.

Callerview under winding-up threat

PROPERTY

A Limerick property company that was sued last summer over a £10m (€11.4m) loan for the redevelopment of London's Odeon Cinema site has been threatened with a winding-up order. The action is being brought against Callerview Properties by fellow-Limerick company Butler Homes. The hearing date is February 15.

€300,000 earnings for Clearpower

ENERGY

Dotcom survivor Simon Dick's renewable energy company suffered a 40pc fall in pre-tax profits in the year to April but still booked pretax earnings of more than €300,000 for the year. Mr Dick's latest venture, Clearpower Ltd, is now sitting on retained profits of close to €1.2m.

SSE reports rise in pretax earnings

electricity

Airtricity owner Scottish & Southern Energy (SSE) said yesterday that it remained on course to deliver a "modest increase" in adjusted profit before tax in its 2010 fiscal year that ends in March. SSE said it would pay a full-year dividend of at least 70p per share in respect of the current financial year, compared to 66p in the previous year.

Airports hit with 21pc fall in traffic

AVIATION

The combined commercial air traffic at terminals at Dublin, Cork and Shannon airports decreased 21pc last year compared to 2008, according to figures released yesterday by the Irish Aviation Authority.

Ardagh Glass appeal rejected

planning

The Court of Appeal in the UK has rejected a claim by Irish glass container manufacturer Ardagh Glass that a local council had no power to grant retrospective planning permission for a major glass manufacturing facility near Cheshire owned by Fermanagh businessman Sean Quinn.

Irish Independent

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