Business World

Thursday 14 December 2017

US VAT services from

EXPANSION yesterday said it was expanding its Value Added Tax services into the US in a move that will be worth more than €20m to the Kilkenny-based company. The expansion was announced during an Enterprise Ireland-supported Trade and Investment Mission to Washington DC led by Taoiseach Brian Cowen.

412,000 Honda vehicles recalled


Honda, Japan's second-largest carmaker, recalled 412,000 Odyssey minivans and Element cars in the US to fix a brake-system flaw that triggered customer complaints of 'soft' pedal feel. A part called a vehicle stability assist modulator should be modified on 344,000 Odysseys and 68,000 Elements from the 2007-2008 model years, Tokyo-based Honda said yesterday in a statement. Honda is looking into at least three reported crashes in which brakes were cited, said Chris Martin, a spokesman.

Angel firm raised €4m last year


THE Halo Business Angel Network, a network for angel investing in Ireland, helped gather investment of more than €4m in 2009, Halo said yesterday. The finance was raised in early stage enterprises through its regional networks and investment syndicates. The company, which gets investment from semi-state bodies, raised the funds for 21 early stage firms in a range of different hi-tech areas, including medical devices, mobile security solutions, life sciences and biotechnology solutions and software development.

Shell to spend $100bn on growth


ROYAL Dutch Shell said it would spend more than $100bn (€73bn) by 2014 to revive production growth. Shell, which is vying with BP to be Europe's biggest oil company, said it expected output to rise by 11pc to 3.5 million barrels of oil equivalent a day in 2012.

€13.6m surprise loss for Bulgari


BULGARI, the world's third-largest jeweller, reported an unexpected €13.6m fourth-quarter loss. The loss was due to restructuring costs and a drop in demand for expensive watches and perfumes, the company said. Analysts surveyed by Bloomberg had projected profit of €25.6m.

Irish Independent

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