Business World

Tuesday 24 October 2017

James Hardie has its first Irish AGM

CONSTRUCTION

Australian building materials firm James Hardie held its first annual general meeting in Dublin yesterday after moving its headquarters to Ireland from the Netherlands last year. The company now has global treasury and IP functions based in Dublin. Among its non-executive directors are former Greencore boss David Dilger and solicitor James Osborne.

Former diplomat lands Avolon post

AVIATION

Irish aircraft leasing firm Avolon, which was founded earlier this year by Domhnal Slattery, has appointed former senior Irish diplomat and aviation expert Michael Lillis as chairman of its Latin America advisory board.

Industrial output in eurozone falls

industry

Official figures show that eurozone industrial production fell by 0.1pc in June compared with May, though there was still an annual increase of 8.2pc. EU data agency Eurostat said production in the full 27-nation EU was flat.

Greek budget cuts add to slowdown

ECONOMY

The Greek economy shrank by 1.5pc in the second quarter, official data showed, as the country struggles with tough budget action to correct public finances. Official data implied a sharply worsening slowdown which is expected to lead to a 4pc contraction for the whole of this year.

Oil prices fall due to demand fears

CRUDE

Oil prices fell to a two-week low last night, marking a third straight session of sharp losses, as worries over fuel demand continued to hit the market. Demand worries grew as data showed that people filing new claims for unemployment benefits in the US unexpectedly rose in the last week to its highest level in six months.

Health warning on seizure drug

PHARMACEUTICAL

US health regulators are warning doctors and patients that a seizure drug from GlaxoSmithKline can cause rare inflammation of the brain and spinal cord. The Food and Drug Administration is working with the British drugmaker to add new warnings and labelling information to the company's drug Lamictal.

Irish Independent

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