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Tag Archives: business

Shannon representatives grilled by Public Accounts Committee

Shannon representatives were before the Oireachtas Public Accounts Committee this afternoon where they were quizzed about the Shannon Development Accounts for 2013. Much of the session centred on a property transaction in Co Limerick as Deputy Joe Costello and Committee Chairman Deputy John McGuinness grilled them about Shannon Development’s sale of two units to Munster Packaging Ltd. Deputy Costello claimed that one of the conditions of sale was that the units be solely used for the purchaser’s business and not utilised for speculation. However he said that he understood that since the sale an individual had offered original tenants HL Commodity Foods a 13 year lease. He claimed that on the face of it, there seemed to have been “flagrant abuse” of the condition that the premises only be for Munster Packaging use. Ray O’Driscoll, Managing Director of Shannon Commercial Properties said that HL Commodity Foods had made enquiries about acquiring the premises in 2006 and 2008 but had opted …

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Trump makes weekend visit to Doonbeg

DONALD Trump was back in Doonbeg at the weekend, inspecting Trump International Golf Links & Hotel. While an earlier visit saw Trump welcomed to Ireland by musicians on the runway at Shannon and the Minister for Finance, last weekend seems to have been more low key. On Monday Managing Director Joe Russell said; “He (Trump) arrived on Saturday evening, he was here on Saturday and Sunday night and left on Monday morning and went on to Scotland. As you know he has acquired Turnberry and he’s there now and going on to Aberdeen for the rest of the week.” Regarding the time spent by Trump at Doonbeg, Mr Russell said; “On Saturday evening we did a tour of the golf course for a couple of hours. We had Martin Hawtree who’s working on our golf course design, he has done a lot of work on Lahinch over the last number of years. Martin was with us, head pro Brian Shaw, …

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Up to 100 jobs for Shannon

WIPRO Ltd has announced it will expand its workforce in Shannon by up to 100 employees, to meet increasing business requirements. Currently, the centre employs over 200 professionals and has developed into an award-winning organisation, delivering services to banks and financial services companies across Ireland and Britain. The Shannon centre provides Wipro’s IT and business process services’ (BPS) offerings to marquee retail banking and insurance customers. Wipro’s centre in Shannon, Ireland is a regulated entity through the Central Bank of Ireland and complies with the FCA (Financial Conduct Authority) in the UK. Rajan Kohli, Senior Vice President and Head of Banking & Financial Services, Wipro Ltd said, “Ireland today offers a great talent pool and excellent infrastructure support. We are seeing a lot of interest from banks in the region for services around business resilience, risk & compliance, simplification, digital, mobility and analytics. Our experience in working on similar engagements with various banks in the UK and other countries is …

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Councillor predicts rates rise “Armageddon” for Kilrush

KILRUSH town councillor Tom Prendeville has predicted “Armageddon” for business in the town if rates are increased by up to 16.5% from January 1, 2015. Currently Kilrush has the lowest rates in Clare but with the abolishment of town councils likely to go ahead next year, business rates across Clare will almost definitely be harmonised. “What you will find is that more businesses will go to the wall. The result of that will be that rates will probably increase pro rata. Those that survive will have to pay more money to survive. It’s an Armageddon state of affairs for anybody in business in Kilrush if this harmonisation is going to occur, which it will do from January 2015,” he claimed. “The annual rate of valuation in Kilrush at the moment is €61.93 per square foot. That is sometimes refereed to as the general rate. Clare County Council has a rate of €72.99. So if there is harmonisation of the rates …

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Two parties in running for Kilkee Dive Centre business

CLARE County Council is considering two expressions of interest in Kilkee Dive Centre, which local town councillors say is extremely expensive to operate. At Monday’s meeting of Kilkee Town Council, Town Mayor Paddy Collins asked for an update on the centre. Kilkee town manager Anne Haugh read a letter from Michael McNamara, corporate services of Clare County Council, where he outlined the latest situation. “Some months ago the council sought expressions of interest from parties interested in leasing the dive centre in Kilkee, consequent of a previous lease being terminated. Three parties expressed interest. Detailed submissions were subsequently received from two interested parties. These submissions are under consideration at the moment and before the end of the month, the council hopes to be in a position to select a preferred party,” the letter read. “This will give that party ample opportunity to have the facility up and running for 2014. The council are committed to ensure that the facility is …

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