Business Irish

Wednesday 13 December 2017

Smurfit keeps focus on packaging plank


Smurfit Kappa has told investors that focusing on consumer goods packaging remains a key plank of its development.

At an investor day held this week by the packaging group Smurfit Kappa, management said the fast-moving consumer goods market accounts for 52pc of its customer base, up from 49pc in 2006.

162 legal judgments against indebted

New figures show 162 legal judgments were recorded against people who owe money to various creditors and to the Revenue in the past week, three of which were for more than €100,000. The largest judgment recorded in the 'Experian Gazette' was for €170,728.32 against businessman Kamran Kahn, of Lucan, Dublin, for the Dublin accountancy firm Farrell Grant Sparks (FGS).

Aer Lingus numbers up 4.4pc for year

Booked passenger numbers at Aer Lingus rose 4pc to 911,000 in May, with the year-on-year comparative figure boosted due to the volcanic ash crisis that grounded flights for 11 days in May 2010. Short-haul booked passenger numbers were 4.4pc higher in May at 832,000. Transatlantic routes were unchanged at 79,000.

Circle Oil reserves higher than believed

The expected level of recoverable reserves at prospects in Morocco and Egypt owned by Irish exploration firm Circle Oil are significantly higher than previously thought, according to estimates by RPS Energy. Recoverable gas reserves at the NW Gemsa acreage in Egypt are likely to be 65pc higher than estimated and 83pc higher at the Sebou acreage in Morocco.

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