Business World

Tuesday 21 November 2017

Campbell keeps €7m in contracts


CAMPBELL Catering, a division of ARAMARK Ireland, has retained four major contracts in the education sector to the combined value of more than €7m.

The company will continue to operate on-site restaurants and cafes in four third-level institutions, feeding approximately 30,000 students and college staff each day.

Ryanair keeps up steady ascent


RYANAIR said the number of passengers it carried in March rose to 5.3m from 4.7m in March 2009. The carrier's load factor -- or percentage of available seats sold -- rose to 79pc from 77pc, it said.

Heritage sale to Tullow is cleared


LONDON-listed Heritage Oil has received a letter from Uganda's government, supporting its sale of its 50pc interest in two exploration blocks in the country to Tullow Oil for $1.35bn. Shares in Tullow inched 1pc higher yesterday.

General Motors generates $1bn

AUTOS GENERAL Motors generated $1bn in cash last year after leaving bankruptcy in July, as its chief executive officer Ed Whitacre cut half of the US brands and shuffled management to push for a profit in 2010. The net loss was $4.3bn from its Chapter 11 exit through December. GM needs cash to meet a goal of repaying government loans in 2010.

Optimism grows among US CEOs


CHIEF executive officers in the US turned more optimistic in the first quarter as sales grew, boosting the prospect that employment and spending will climb, a survey showed. The Business Roundtable's economic-outlook index rose to 8.9 in the first three months of the year, the highest level since the second quarter of 2006.

Dragon abandons its Bermuda plan


DUBLIN-listed Dragon Oil has abandoned plans to move from Ireland to Bermuda amid an international clampdown on tax havens. The company, which drills for crude in the Caspian Sea, said it "will not proceed with a proposed corporate restructuring," announced early last year. It added that Ireland "remains an attractive jurisdiction" for the group.

Irish Independent

Promoted Links

Business Newsletter

Read the leading stories from the world of Business.

Promoted Links

Also in Business