Thursday 23 November 2017

Oakpark brings home the bacon

TIPPERARY company Oakpark Foods has won a gold medal at 'The Grocer' Own Label Food and Drink Awards in London. The Cahir-based pork and bacon processor won the top award in the chilled bacon category for its dry cure rashers which are sold by Lidl, beating entries from all major UK retailers. Over 750 own- label products were entered in the competition. Oakpark was the only Irish-manufactured product to receive a gold medal. Managing director Jimmy Brett said the award would help the firm's export drive into the UK.

HMV poised to sell struggling venue

RETAIL

STRUGGLING UK entertainment retailer HMV Group has agreed a deal to sell its London Hammersmith Apollo venue for £32m (€39.8m) to Stage C. HMV had earlier this month forecast a worse-than- expected loss for 2011-12. It said the sale -- subject to shareholder approval -- would allow the group to amend its existing £220m bank facility and extend it to 2014.

Cautious travellers sting Thomas Cook

RESULTS

TRAVEL group Thomas Cook has said net losses almost trebled to £594m (€740m) to March 31. The group blamed the reluctance of holidaymakers to travel to trouble spots in north Africa and the Middle East. Losses after tax hit £594.3m in the six months to March 31 compared with £200.8m a year earlier,

BlackBerry investors call for RIM sale

TECHNOLOGY

RESEARCH In Motion investors see an outright sale as the best choice for the BlackBerry maker after a series of failed turnaround efforts led management to explore its options. RIM said this week it hired JPMorgan Chase and RBC Capital Markets to help it find a partner or license its operating system.

Davy Stockbrokers

Clarification

YESTERDAY'S' paper said that Davy Stockbrokers, following findings against it by the regulator, had been rapped over the knuckles for misselling a bond. Davy has asked us to point out that no regulatory finding of misselling has ever been made against Davy in respect of any bond or any product ever sold by it. We are happy to provide this clarification.

Irish Independent

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