Wednesday 13 December 2017

Safety gong for Sierra

ONE of the country's biggest utilities contractors, Sierra, has won a safety award in the 2013 SHP-IOSH Awards.

Sierra, based in Clondalkin, Dublin, and employing 1,300 people, was recognised for devising a new course which broadened training to cover working in difficult terrain, ranging from peat bogs to isolated mountaintops.

RESEARCH FUND BOOST

EU COMMISSIONER Marie Geoghegan-Quinn has urged Irish small and medium enterprises to increase their participation in EU research programmes.

She said they can draw down more money under the EU programme for research and innovation, known as Horizon 2020, with the budget now increased by 25pc, or €70bn, over the next years six years.

UNILEVER PROFITS STALL

UNILEVER Ireland has reported a €7.2m after-tax profit for 2012, down marginally from the €7.3m it reported the year before. Sales rose to €317.2m from €297.8m.

Unilever markets distributes a range of food, home and personal care products in Ireland. Its portfolio includes iconic brands like HB ice cream, Lyons Tea, Knorr, Flora, Hellmann's, Dove, Lynx, Radox, Simple, Persil and Cif.

FIELDAWARE BACKING

IRISH cloud computing software company Fieldaware has secured €9m in funding from a US venture capital investor, Openview.

Fieldaware develops mobile apps for field service organisations and their workers. It emerged from the government-backed start-up incubation programme NDRC LaunchPad in 2010.

DEUTSCHE BANK BLOW

DEUTSCHE Bank's struggle to break with the past has suffered another setback after co-chief Juergen Fitschen was implicated in a criminal investigation.

The bank set out an ambitious agenda last year to create a leaner, safer lender. But Mr Fitschen, a principal architect of Deutsche's makeover, has been named as a suspect in an investigation into falsifying evidence.

CALLS FOR WATCHDOG

A NEW global watchdog is needed to resolve disputes like the current clash over derivatives rules, top market officials have said.

The EU and US are trying to iron out differences between each other's rules to regulate the €468trn market for off-exchange traded derivatives like credit default swaps and interest rate swaps.

Irish Independent

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