Business Irish

Saturday 18 November 2017

State paid NAMA rent bill of €30m

THE State paid the National Asset Management Agency around €30m last year to rent 82 properties, Finance Minister Michael Noonan has said.

NAMA rented 48 properties in Dublin, Wicklow, Kildare and Meath, which together account for three-quarters of the rent paid, Mr Noonan told Sinn Fein deputy Peadar Toibin in a written answer to a Dail question yesterday. NAMA rents a further 24 properties in Limerick, Cork and Galway, which account for a further 21pc of the rent, while the rest of the properties are scattered around Ireland.

Strong sales boost Aryzta share price

SHARES in Irish-Swiss food company Aryzta rose after the company's first-half results beat market expectations. The specialist in baked goods, best known in Ireland for its Cuisine de France range, reported a 6.5pc rise in pre-tax profit to €155.8m for the six months to the end of January.

The Zurich-based company said total sales topped €2bn, as food sales jumped 6.9pc to €1.5bn. Food sales grew in all markets but growth was weakest in Europe, where they rose just 2pc. Sales were stronger in North America, where sales advanced 10.6pc.

BoI wins judgment over €16m in loans

A BUSINESSMAN has agreed to orders requiring him to repay Bank of Ireland some €16m over unpaid loans issued for property development and other purposes.

Judgment for some €11m was also entered on consent against a second businessman arising from his guarantees over the same loans.

Bank of Ireland had sought summary judgment orders against Sean Walsh, of Main Street, Midleton, Co Cork and Paudie Murphy, of Whitebay, Trabolgan, Co Cork, arising from loan facility letters of March 2010 and guarantees.

O'Donnells seek bankruptcy stay

DUBLIN solicitor Brian O'Donnell and his wife may look for for a stay next month on bankruptcy proceedings here, pending an appeal against a decision by the UK courts not to allow the couple to go bankrupt there.

Etihad holds off on Aer Lingus stake

ETIHAD boss James Hogan said he won't be lifting the airline's stake in Aer Lingus until there's further clarity about Ryanair's near 30pc holding in its smaller rival.

Abu Dhabi-based Etihad already owns close to 3pc of Aer Lingus and has a code share agreement with the airline.

Irish Independent

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