Saturday 18 November 2017

Zamano shares double in price

SHARES in e-commerce firm Zamano almost doubled in price after the company swung to profit last year. Zamano, which is known for its mobile advertising and premium messaging services, said pre-tax profits topped €3.5m in 2012, a year after posting a loss of €585,000.

The company reduced its debt from more than €4m to less than €200,000 during the year. Zamano shares closed up 83pc at 11c.

Bookie director sells €3m shares

Paddy Power finance director Jack Massey has sold nearly €3m worth of shares in the gambling group. The sale of 44,799 shares at €65.50 a piece comes just a week after the group reported strong full-year results. This is the group's busiest week of the year due to Cheltenham.

The sale was just over half of Mr Massey's holding in Paddy Power. He retains around 40,000 shares.

Google pays $7m in privacy case

GOOGLE has reportedly agreed to a $7m (€6.1m) settlement with several US states over a privacy-related complaint regarding its Street View mapping service.

Between 2008 and March 2010, equipment attached to Street View cars collected personal information that consumers sent over unencrypted wireless networks.

KBC offers savers 3.5pc per year

KBC Bank said it would pay 3.5pc a year to those who are willing to save every month in its new Regular Saver account.

Banks have been lowering deposit rates and hiking lending rates on mortgages in an attempt to get back to earning profits. The minimum amount that can be saved is €100 a month and the maximum is €1,000.

Friends First to offer more choice

FRIENDS First has announced an enhanced distribution partnership with State Street Global Advisors (SSgA).

Friends First will now offer 11 SSgA funds on its pensions and investments platform, bringing increased choice to Friends First investors.

Gaynor becomes Glanbia director

GLANBIA has appointed United States-based Donard Gaynor as a non-executive director.

Mr Gaynor retired last March as senior vice-president for strategy and corporate development at Beam, the premium spirits company.

A fellow of the Institute of Chartered Accountants in Ireland, Mr Gaynor joined Beam as senior vice-president in 2003.

Irish Independent

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