Business World

Wednesday 24 January 2018

Uniphar backs Point of Care fundraiser

PHARMACY group Uniphar Group has backed a fundraising round by private healthcare start-up Point of Care with a six-figure investment and partnership agreement.

Point of Care provides nurses for infusion, injection and vaccination services to patients at or close to home. Insurers including Quinn Insurance and Aviva have extended cover to those using the service.

Pension funds get average 1pc return


PENSION funds gained ground during November, with an average return of 1pc for the month. Standard Life Investments took top spot with a return of 2pc, while Irish Life Investment Managers propped up the table with a return of -1.6pc. The average managed fund advanced 7.3pc over the first 11 months of the year. The average managed fund return has been -5.5pc per annum over the past three years.

Asavie sign off on deal with Telefonica


ASAVIE Technologies has announced an agreement with Telefonica to offer connectivity solutions to the operator's business customers. Asavie said the agreement will see Telefonica Group deliver a multi-million euro revenue stream to Asavie and will allow Telefonica to offer its customers a range of mobile connectivity services for secure real-time information exchange.

Digicel to launch $300m offering


Digicel Limited (DL) intends to launch a private placement of $300m of 8.25pc senior notes due 2017. DL is a Bermuda-incorporated company owned by Denis O'Brien. The use of proceeds of this offering will be for general corporate purposes, including debt service and capital expenditure.

TUI losses rise as conditions tighten


TUI Travel has reported an increase in annual losses, with Europe's biggest tourism operator hit by tough trading conditions in Britain and the impact of the volcanic ash cloud chaos in April. The British group said its net losses widened to £104m (€122m) in the year to September after a loss after tax of £67m in 2008-2009.

Irish Independent

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