Thursday 22 February 2018

McNamara-linked airport hotel sold

A HOTEL linked to developer Bernard McNamara has been sold to an international buyer for more than its €4.75m price tag. The four-star Cork International Airport Hotel was brought to the market by receiver Paul McCann of Grant Thornton in June and went sale agreed the following month.

It was reportedly developed for more than €30m and opened in July 2007. The hotel was placed into receivership earlier in the year.

Pharmacists fear for their futures

PHARMACISTS are becoming less optimistic about their prospects with more than half believing the business environment is getting worse. The latest Irish Pharmacy Union (IPU) quarterly trends survey found that 46pc believe that sales will fall even further in the next three months.

The study was carried out in October with 125 pharmacists. IPU President Rory O'Donnell said members were trying to keep staff despite the tough environment.

Bruton on trade mission to Canada

Jobs Minister Richard Bruton is leading a trade mission to Canada today with 30 Irish companies. Some 25 meetings will be held during the three-day mission designed to boost trade between the two countries and help export sales.

The companies travelling are from a range of sectors including mobile, telecoms and financial software, agri-tech, consumer products and food and beverage.

Carbery Group in $50m venture

Cork-based food ingredients and cheese producer Carbery Group has formed a $50m (€39m) venture with one of the largest food companies in South America.

The partnership with BRF Brasil Foods will see Carbery's technology being used to process whey generated at the company's cheese-making operation.

Prudential fined for merger error

International financial services company Prudential was fined £50,000 (€62,000) by the UK's data protection watchdog after mistakenly merging the accounts of two customers, leading to the wrong person getting retirement payments.

Prudential first merged the accounts of the customers, who share the same first name, surname and date of birth, in March 2007 and took more than three years to resolve the issue, the Information Commissioner's Office said.

Irish Independent

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