Sunday 19 November 2017

Printer to appeal in 'Examiner' case

A COMPANY suing over the loss of a contract to print newspapers for the former holding company of the 'Irish Examiner' is to appeal a decision that it put up €3.1m as security for the legal costs should it lose its action.

It means Webprint Concepts' main legal action over loss of the contract will not get under way until the Supreme Court has decided the appeal. Webprint is suing a number of companies in the Thomas Crosbie Holdings (TCH) group, along with Allied Irish Bank (AIB), the receiver of TCH, and the 'Irish Times', which took over the contract from Webprint.

START-UPS CLOSE TO PRE-CRASH NUMBERS

COMPANY start-ups in the first half of the year reached close to pre-recession highs at 7,767, according to company info site Vision-Net.

The figure is up 8pc on the same period last year and is the highest seen since 2008 when 8,231 were formed. The majority of start-ups this year were in professional services (25pc), wholesale and retail (12pc), and social and personal services (10pc).

SPANISH BANKS IN STRUGGLE FOR PROFIT

SPAIN'S banks may struggle to generate profits as the recession in the euro region's fourth-largest economy drives up non-performing loans, hampering efforts to repair their capital buffers.

Banks' capacity to weather the economic crisis stretching into a sixth year depends on their ability to generate operating profits to cover losses on their loan books that are set to rise, the European Commission said in a report on Spain's banking bailout.

AVIVA TRANSFERS 15,000 CUSTOMERS

AVIVA has handed over the management of 15,000 customers to an Irish insurer following branch closures.

Some 15,000 customers from its general insurance business as well as its life and pensions business will now be managed by Campion Insurance, which is headquartered on the Naas Road in Dublin.

BA TO BUILD UP LONG-HAUL ROUTES

British Airways (BA) plans to use a dozen pairs of sought-after Heathrow take-off and landing slots to develop long-haul destinations served by its new fleet of Boeing 787 Dreamliners.

BA acquired 42 additional Heathrow slots due to the 2012 purchase of BMI, and has reserved 12 for intercontinental services, its CEO, Keith Williams, said. (Bloomberg)

Irish Independent

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