Today's other stories in brief
Developers spend €62m on Howth site
The Maynooth-based property developers trading as the Glenkerrin Group has assembled a residential site of almost seven acres along the coast in Howth, Co Dublin, at a cost of €62 million.
Ray Grehan's company paid €50 million last June for the 5.83 acre Techcrete site on the edge of the village and has now added the adjoining Teeling Motor site which extends to 0.75 of an acre.
The latest purchase cost him an additional €12 million.
The garage site has mixed use zoning and planning permission for 39 homes and five retail units.
However Glenkerrin Group plans to redesign the Howth scheme and seek planning approval for a mixture of apartments and own-door office units as well as a number of shops.
The bigger Techcrete site is also expected to be used for a mixture of apartments and shops and possibly a hotel.
Permanent TSB post for Guinane
Irish Life & Permanent has appointed David Guinane as chief executive of its Permanent TSB banking division and Gerry Hassett as chief executive of Irish Life (Retail).
Mr Guinane (46) has worked at Permanent TSB since 1985 and is currently general manager for sales.
Mr Hasssett (42) has worked at Irish Life since 1987 and is currently general manager for business development.
Barclays head to join Claret Capital
The head of Barclays Bank Ireland, Tom McAleese, is leaving the organisation to join private equity firm Claret Capital as chief operating officer.
Claret managing partner Domhnal Slattery said Mr McAleese will be responsible for the day-to-day running of the business, which has investments in Hospital Corporation of America, start-up maritime phone provider Blue Ocean Wireless and start-up corporate jet firm JetBird.
IAWS head got €1.6m package
IAWS chief executive Owen Killian received a salary of €760,000 and a performance bonus of €500,000 as part of a €1.6 million package for last year, the company's annual report shows.
Chief financial officer Patrick McEniff received a total package worth almost €1.3 million, while chief operations officer Hugo Kane received a similar sum.
Tyrone pays out €950,000 dividend
Tyrone Productions, the television company owned by Riverdance producers John McColgan and Moya Doherty, paid a €950,000 dividend last year to its parent company, Dimario Investments, which is also owned and controlled by the couple.
The company had a deficit of €877,932 following the payment which the directors of Tyrone charged to the firm's reserves, according to company accounts just filed.
Tyrone, which makes TG4's Ros na Rún, made a pre-tax profit of €83,700 in 2006, up from €63,575 the previous year.
It had retained profits of €559,000 at the end of the year, down from €1.4 million the previous year.
Minmet shares plunge 11%
Shares in AIM-listed Minmet fell by 11 per cent to 8.5p yesterday after the exploration company said it was terminating a joint-venture agreement with UK firm, Gold Oil.
Minmet said it had ended the deal because Gold Oil had a licence to explore in Cuba and this could not be reconciled with Minmet's plans for US expansion.
"Opportunities in the US and Cuba could not be pursued by the same company due to the long-standing US embargo on doing business in Cuba," the company said in a statement. - (Bloomberg)
