Covid Supports Offshore Dividends, Vertical Flights, and Blackrock College Land Plan
Companies that have accepted taxpayer-funded payments to deal with the pandemic and then paid dividends to their shareholders should be barred from receiving additional state subsidies, according to a government TD. Mark Paul reports on the company that distributes Mercedes-Benz cars in Ireland, which received nearly € 1.8 million in pandemic wage subsidies and paid a similar amount in the form of a cash dividend to a offshore company controlled by the family that owns the business.
A start-up that hopes to manufacture electric vertical-lift planes is in the start-up phase with IDA Ireland to establish a production plant in the Republic, according to Dómhnal Slattery, Irish director of aircraft leasing, which the company Avolon has supported. the company. Ciarán Hancock told him about Vertical Aerospace.
An Bórd Pleanála paved the way for the construction of a 135 million euro apartment rental project on the former grounds of Blackrock College, writes Gordon Deegan.
The amount saved in credit unions slowed over the year through September as the industry tightened limits on customer deposits and individuals and families eased their purse strings as restrictions of Covid have eased. Joe Brennan looks at the numbers.
The battle between a developer and eight Killiney residents continues, with residents being granted leave to seek judicial review of the approval of a 255-unit project in their area and the developer, Pat Crean, separately arguing that they should be blocked because they are funded by disinterested third parties.
Real estate developer Paddy McKillen collected management fees of 4.4 million euros last year from the Maybourne hotel group, which owns the London hotels Claridge’s, Berkeley and Connaught, as well as the Maybourne Beverly Hills Hotel in Los Angeles. Colin Gleeson has the details.
Irish solar farm developer Power Capital Renewable Energy has announced it will invest 140 million euros in six build-ready solar farms across the country it has acquired. Charlie Taylor notes that the sites have a combined capacity to power 40,000 or more homes and are provided with a building permit and grid connection approval.
Dublin laboratory equipment supplier Cruinn Diagnostics has secured a multi-million euro investment – estimated at around € 12 million – from private equity firm MML Growth Capital Partners. Charlie Taylor notes that MML generally takes a significant minority stake in its investment targets.
Laura Noonan writes about the magic of Christmas season jobs during her college days and how young people are having a much harder time now in a world of Covid and online shopping.
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