A roundup of today's other business news in brief
McKillen sells £18.2m property
Metrospa Limited, a company owned by developer Paddy McKillen, has sold its freehold investment in a retail property on Old Bond Street in London for £18.2 million.
The building, 11-12 Old Bond Street, comprises two luxury goods retail units – Omega, part of the Swatch Group, and jewellers Damiani – as well as four floors of office space, according to Metrospa’s commercial property agents David Menzies Associates.
The price paid for the property, which attracted more than 10 offers, was described as “exceptional” by the agents.
US economy still to recover fully
The US economy is improving but has yet to recover fully, with high unemployment and a weak housing market leaving consumers unsettled, Federal Reserve chairman Ben Bernanke has said.
“We need to make sure that monetary policy continues to provide the support the economy needs until we begin to see growth, sustained growth and particularly growth in jobs,” Mr Bernanke said. US manufacturing data indicated that the sector’s expansion is moderating. – (Reuters)
IMSTA leader criticises agencies
The Irish Medical and Surgical Trade Association has claimed inconsistent treatment of its member companies by Government agencies could damage foreign direct investment.
IMSTA chief executive Justin Carty said enterprise agencies treat its members “like rock stars”, but that the Irish healthcare sector purchased their products “in the same way as basic commodities such as bread or milk”, treating them “like beggars”.
