Business World

Monday 18 December 2017

Financial sector salaries up 10pc

Salaries among finance and accountancy professionals have risen by 10pc during 2012. The average salary now stands at €54,844 – a 9.7pc rise on the €50,048 seen in 2011, according to specialist recruiter Marks Sattin.

Teeling Whiskey launches poitin

Irish whiskey maker, Teeling Whiskey Company, has launched a new poitin product in an attempt to bring legitimacy to the notorious drink. Poitin was traditionally distilled in a small pot still and the term is a derivative of the Irish word pota, meaning 'pot'.

The Teeling Whiskey Company's first poitin release consists of a combination of double-distilled spirit and triple-distilled spirit.

US job openings at four-month high

Job openings in the US climbed in October to a four-month high, indicating the labour market is on the mend.

The number of positions waiting to be filled rose by 128,000 to 3.68 million from a revised 3.55 million the prior month, the Labour Department said. Hiring also increased. (Bloomberg)

Prescient to cut Irish workforce

Prescient Holdings, a South African asset manager, is cutting jobs at the Irish fund management business it bought from AIB this year. "As part of the transition to Prescient ownership, the company is undertaking a small rationalisation of staff, likely to be less than 10pc of" its 80 staff through a voluntary redundancy program, Prescient told Bloomberg.

Delta to buy 49pc of Virgin Atlantic

Delta Air Lines is to buy Singapore Airlines' 49pc stake in Virgin Atlantic for $360m (€277m), ending the Asian airline's disappointing 12-year investment in the British carrier.

The sale by Singapore Airlines, 56pc owned by state investor Temasek, underscores its reduced reliance on battered long-haul routes to Europe and the US. (Reuters)

German investor optimism on rise

AN index of German investor optimism rose more than expected in December, suggesting that market professionals think Europe's largest economy will avoid an outright recession.

The ZEW indicator of economic sentiment rose to plus 6.9 points, from minus 15.7 in November. Markets had expected the index to rise only to minus 11.5.

Irish Independent

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