Business World

Friday 24 November 2017

Business in brief: Pensions gave 6pc return last month


PENSION funds returned almost 6pc for the month of March, pension adviser Hewitt Associates said yesterday. Brian Delaney, an investment consultant at Hewitt, said the average return on managed funds for the year to date was 6.2pc.

Stirling shines with Boeing deal


STIRLING Energy Systems (SES), in which waste company NTR has a controlling stake, has won the rights to develop and manufacture solar power technology for Boeing. SES competed with over 50 companies to win the contract with Boeing to provide a solar-power solution for small-scale applications.

Sales at Aminex slump by 24pc


Aminex, the Irish exploration company, said sales slid 24pc to $7.8m last year as the company's net loss narrowed to $2.9m from $9.7m from the previous year. The company said it is making good progress in North Korea and added that the "current year promises to be very active".

Golden Discs' loss is to tune of €1.5m


Golden Disc Group, the CD store, said it has lost €1.5m in the 15 months to June 2009 after emerging from examinership. Sales for the period was €22.9m compared with €25.6m in the previous month. "Clearly it has been a very difficult year for Golden Discs and for the home entertainment market in Ireland," the company said in a statement.

Lisheen Mines making profits


AN article on Lisheen Mines in Tipperary last week mistakenly said the mine is loss making. Lisheen's owner, Anglo American, has asked us to point out that according to the company's recently published results Lisheen made an operating profit and a pre-tax profit.

Virgin Blue agrees to buy 105 aircraft


AUSTRALIAN airline Virgin Blue says it will buy up to 105 aircraft from Boeing. The airline will buy 50 737-800NG aircraft along with 25 additional firm delivery positions secured as options, and 30 future purchase rights. Delivery is scheduled for between 2011 and 2017.

Irish Independent

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