Saturday 16 December 2017

Datalex 'key stock'

TRAVEL software company Datalex has been selected by Goodbody Stockbrokers as a key stock pick in the "small market capitalisation" category for the first months of 2014.

Three others made the list -- recruitment firm CPL, fresh food supplier Total Produce and a new edition, mining company Petroceltic.

AERTV USERS UP 80PC

IRISH online TV platform AerTV saw record growth in 2013 as more and more people chose to watch TV online; users increased by 80pc in the year and about 80 million minutes of content was broadcast. More than half of all streaming was performed by mobile devices like tablets and smartphones.

AerTV launched in October 2012. It is the first TV service to allow viewers watch all the Irish TV and BBC channels online and on mobile devices. It is free for PC users but charges a subscription for its mobile app.

GAMBLE ON GOOGLE

PADDY Power has started taking bets on what will be Google's next $1bn+ purchase after the internet giant acquired Nest Labs for $3.2bn (€2.3bn).

The betting company makes IT consultancy Appirio its 5/1 favourite, followed by photo sharing site Pinterest at 6/1 and mobile payments company Square at 8/1. Further down in the betting is Dropbox and Airbnb -- the online accommodation business whose European headquarters is located in Dublin -- at 16/1 and 20/1 respectively. See Page 41.

ASOS SALES SLOW

ASOS, one of the world's largest internet-only clothing retailer, reported slowing sales growth as the weakness of the Australian dollar stunted gains in one of the company's main international markets.

Sales rose 38pc to £336m (€247m) in the four months through December, the London-based retailer said, weakening from 47pc growth in the previous three months. The company will open a new central European distribution centre later this year. It is boosting capacity internationally to service a rapidly growing customer base.

CORRECTION

IN Tuesday's Irish Independent it was incorrectly reported that Dr Steve Cutler had been appointed as chief executive officer of pharmaceutical outsourcing business Icon. Dr Cutler was in fact appointed as chief operating officer. Ciaran Murray remains chief executive of the company.

Irish Independent

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