Business World

Saturday 16 December 2017

Electricity firms to pass on carbon tax

ELECTRICITY-generating companies can include the cost of the new carbon tax in their wholesale prices, the Supreme Court ruled. The court yesterday quashed a decision of the Commission for Energy Regulation.

Merkel's coalition to reject EU fund plans

EURO CRISIS

Lawmakers from German Chancellor Angela Merkel's governing coalition intend to pass a resolution rejecting an expansion of Europe's permanent financial rescue fund, German financial newspaper 'Handelsblatt' said. Coalition lawmakers plan to pass the resolution in the lower house next week.

Bank of Scotland's orders granted

COURTS

A HIgh Court judge ruled Bank of Scotland is entitled to judgment orders ranging from €517,412 to €7.9m arising from the purchase of the Bank of Ireland headquarters in Dublin. The orders are against businessman Patrick Shovlin, hotelier brothers Anthony and Patrick Fitzpatrick, and a number of others, arising from the €180m purchase of the Baggot Street building.

ManageCO2 secures Seed Fund money

INVESTMENT

Limerick-based environmental software firm ManageCO2 has secured a €600,000 investment from the AIB Seed Capital Fund. ManageCO2 was founded by three former Dell employees and the funding will result in the creation of 12 jobs within 18 months.

Argos could offer retailers stores use

RETAIL

ARGOS will consider offering other retailers the use of its 750 stores as order-collection points and may close some outlets as it seeks to revive slumping sales, its new managing director said.

Domain names will 'make fraud easy'

BANKS

Plans to grant banks the use of domain names such as .bank will make it harder to stop fraud, Europe's top banking authority told the group in charge of the internet's address system. The domain names "have a great potential" for "misuse" it was claimed.

Irish Independent

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