Thursday 14 December 2017

RBS offshoot paid £7.5m dividend

FINANCE

RBS's DUBLIN asset management offshoot paid dividends of £7.5m (€9.1m) to its British parent company last year, despite making profits of just £3.4m and income dipping £3m to £52m.

RBS-AM (Dublin) paid no dividends in 2008.

Aviva Re wrote £62.1m in first year

REINSURANCE

REINSURER Aviva Re wrote £62.1m (€75.1m) of premiums in its first 54 weeks of business to the end of last December -- ahead of expectations. The group's fledgling hub for life reinsurance has eight staff, which is expected to increase further by the end of the year.

Green and clean opportunities

ENTERPRISE

MAJOR opportunities in the green and clean-tech sectors between Ireland and Nigeria were identified by the Irish Exporters Association at an international business conference facilitated by the Nigerian ambassador to Ireland, Dr Kema Chikwe.

Bibby posts 24pc rise in business

FINANCE

BIBBY Financial Services, which supports SMEs across a range of industries in Ireland, has recorded a 24pc growth in new business year-on-year, bringing its total client-base to 4,738 -- an increase of 16pc on the previous year -- and a group profit of £19m (€23m).

EU/US expand 'open-skies' deal

AVIATION

EUROPE and the US have signed an expanded airline 'open-skies' agreement, but the key new goal of removing restrictions on cross majority ownership of carriers still faces major hurdles.

Durable goods orders up 0.9pc

US ECONOMY

ORDERS for computers and machinery in the US climbed in May, showing gains in global business investment and demand that will give the US economy a lift. Bookings for durable goods, excluding autos and aircraft, increased by 0.9pc, the third gain in four months.

Correction

GLOBAL RADIO

YESTERDAY'S Irish Independent Media & Marketing column said John Magnier and JP McManus were shareholders in Global Radio. They are not. We are happy to correct this.

Irish Independent

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