Losses at Gowan Group fall to €18m
LOSSES at the Gowan Group fell to €18m last year, down from €21m in 2009. Gowan Group is one of Ireland's biggest privately owned companies, best known for its roots in the motor trade. It holds the franchise to sell Peugeot cars in Ireland, making it one of the country's biggest motor businesses. It also owns Senator Windows, kitchen outlets and an electrical distribution business.
Wind firm granted planning go-ahead
FINAVERA Wind Energy has been granted planning permission for its 105-megawatt Cloosh Valley Wind Project in Galway. Company CEO Jason Bak said: "The receipt of planning permission is an important milestone that brings the project closer to a financial close."
Business leaders confident in future
NINE out of 10 chief executives believe the economy will grow next year, according to a survey from CBRE. A total of 47pc believe the economy will grow by up to 1pc next year, while a further 43pc are more optimistic, believing that a growth rate of between 1pc and 2pc is achievable.
Profits at Kellogg's surge to €42.9m
PRE-tax profits at the main Irish subsidiary of cereal giant Kellogg's last year increased five-fold to €42.9m. Accounts just filed show the the US-owned Kellogg Europe Trading Ltd sustained the increase in pre-tax profits in spite of the company's revenues declining by 6.6pc from €1.49bn to €1.39bn in the year to the end of January 1, 2011.
Probe begins into MF Global collapse
THE US Securities and Exchange Commission is conducting a broad review into the collapse of the futures brokerage MF Global. Regulators are attempting to account for a roughly $600m (€433m) shortfall in funds from customers' futures accounts. It is believed that customer funds related to securities accounts appear to be accounted for and properly separated from the firm's money despite previous reports.