Business Irish

Friday 19 January 2018

Tullow is set to drill off Suriname


TULLOW Oil has signed a preliminary agreement to look for oil and gas off Suriname.

The company said yesterday it expected that wells would be drilled as part of the company's medium-term exploration programme in the Equatorial Atlantic region of South America.

Cork-Spain ferry is put on hold


PLANS to resume a ferry route between Cork and Spain have been put on hold until the autumn at the earliest. The opening of the route is not now likely until September or October, the Port of Cork said yesterday, adding that it was waiting until a "suitable vessel becomes available".

Celtic Media boss Romanes has died


CELTIC Media Group boss Deirdre Romanes died yesterday at the age of 60 after a "long and courageous battle with illness", the regional media group said. Celtic Media bought the 'Meath Chronicle' in 2002 and went on to buy the 'Anglo Celt' in Cavan, the 'Westmeath Examiner', the 'Westmeath Independent' and the 'Offaly Independent'. Ms Romanes also headed up the Dunfermline Press Group.

Court rules BA strikes illegal


BA PASSENGERS have been spared huge disruption after the airline won a high court battle to stop a 20-day cabin crew strike going ahead today. The BA strike was due to run from May 18-22 inclusive, then from May 24-28, May 30- June 3 and June 5-9.

GM makes first profit since 2007


GENERAL Motors (GM), the US car-making giant, said yesterday that it earned $865m (€702m) in the first quarter -- its first profit since 2007. GM said revenue was up 40pc to $31.5bn (€25.5bn). The results show that GM is on track to become a public company again as soon as the fourth quarter.

Man Group to buy GLG Partners


THE WORLD'S largest listed hedge fund manager has agreed to buy a rival. Man Group said it had negotiated a recommended deal for GLG Partners worth about $1.6bn (€1.3bn). The combined group will have assets of about $63bn (€51bn).

Irish Independent

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