Saturday 16 December 2017

World Spreads expecting a profit


SPREAD trading firm World Spreads said yesterday that it expects profit before tax to the year ending March 31 to be "within the range of current analysts' expectations".

Bloxham Stockbrokers have forecast a profit of €3.16m. The company hopes to launch a number of partnerships in the near future and remains optimistic for the year ahead despite the economic environment.

NTR announces deal with Boeing

Renewable Energy

Dublin-based renewable energy firm, NTR, yesterday announced a deal between a company it controls and the US conglomerate Boeing to develop a new type of solar technology. Stirling Energy Systems (SES) will lead the commercialisation of the process while a sister company will develop, construct and operate "high concentration photovoltaic" (HPV) facilities. HPV technology is designed to focus sunlight on to a bank of solar panels and so greatly increase the energy yield from them.

Eircom appoints new strategy boss


Eircom has announced the appointment of a new Director of Strategy and Business Development. Joel Wachtler will be responsible for the group's corporate strategy and medium-term planning processes as well as identifying new business opportunities.

Former partner sues Abramovich


Chelsea owner Roman Abramovich is being sued by his former business partner for allegedly intimidating him into selling shares in an oil company at a fraction of their value. Boris Berezovsky also claims Mr Abramovich sold his stake in an aluminium company without his knowledge. An effort by Mr Abramovich to have the case dismissed in London failed yesterday.

Two charged over insider trading


Two suspects were charged in London yesterday in connection with an insider trading investigation. Paresh Shah and Truptesh Patel are the first two people to have been formally charged in the probe which is focusing on the leaking of deal prospectuses from the London printers of UBS and JP Morgan Cazenove.

Irish Independent

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