Business News
Specialist lender Dilosk has swooped on a portfolio of performing loans in a move aimed at increasing the fledgling firm’s toehold in the market. It is understood the mortgages are worth close to €60m, with sources pointing to Australian financial services outfit, Pepper Group, as the most likely seller. The Sydney-based company declined to comment. […]
Read MoreCanary Wharf Group is mulling a sale of its stake in one of the City of London’s most recognisable buildings, according to reports. The company is seeking agents to market its 50pc stake in 20 Fenchurch Street, known as the Walkie Talkie, for around £600m(€686m). Canary Wharf Group manages its half of the building on […]
Read MoreAn ebullient Paul Coulson has insisted that the Ardagh packaging giant he helped to create is only halfway through what he described as a “phenomenal adventure” following its New York Stock Exchange flotation yesterday that valued the group at about $5.2bn (€4.88bn) after its shares surged 18pc. The executive chairman of the company, Mr Coulson […]
Read MoreTrade unions have called for major reform of how the pay of executives is set in quoted companies and semi-states. The Irish Congress of Trade Unions wants more transparency around how the remuneration of top bosses is arrived at, a limit on bonuses and a higher rate of tax for those earning more than €1m […]
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Read MoreEII Scheme – Employment and Investment incentive The Employment and Investment incentive (EII) scheme is an income tax relief for investments in certain types of company. The scheme gives investors an income tax deduction on investments up to a maximum of €150,000 in a tax year. You initially get relief at 30% with a further…
Read MoreRound Towers GAA club Kildare Town Presentation: Frank McMahon Chairman of Round Towers GAA club Kildare Town presents a framed medal marking the centenary of the Easter Rising to Michelle Kemmy the manager of Kildare Town Credit Union. The medal was presented to participants in the Round Towers GAA 5k run and fun run last…
Read MorePaternity Leave Entitlement: With effect from 1 September 2016, new parents (other than the mother of the child) are entitled to paternity leave from employment or self-employment following birth or adoption of a child – see ‘Rules’ below for who is eligible. The Paternity Leave and Benefit Act 2016 provides for statutory paternity leave of…
Read MoreQ2-2016_Frank McMahon & Co Newsletter
Read MoreChange in National Minimum Wage – 2016 Since 1 January 2016, under SI 442/2015, the national minimum wage for an experienced adult employee has increased to €9.15 per hour from €8.65 per hour. An experienced adult employee for the purposes of the National Minimum Wage Act is an employee who has an employment of any…
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