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14/08/2001
Golden Vale takeover gets go ahead
The Kerry Group has been successful in its bid to take over Munster-based Golden Vale.
After an initial extended deadline, the Kerry Group’s offer became unconditional on Monday after receiving a valid acceptance from 82.6 per cent of shareholders.
As an agri-food business, Golden Vale employs 700 people in Northern Ireland through its subsidiaries, Golden Cow in Portadown; Derry Produce Packers in Coleraine; Saint Brendan’s in Londonderry; and Leckpatrick in Omagh and Artigarvan. The company also recently opened Rye Valley Foods in Enniskillen and expanded a processed cheese facility in Coleraine.
The Kerry Group is ranked as the tenth largest company in Ireland with earnings up over 90 per cent per annum since taking on public liability status 15 years ago.
Although 72 per cent of shareholders backed the original proposal on August 2, an 80 per cent acceptance target was needed before the deal was able to proceed. (MB)
After an initial extended deadline, the Kerry Group’s offer became unconditional on Monday after receiving a valid acceptance from 82.6 per cent of shareholders.
As an agri-food business, Golden Vale employs 700 people in Northern Ireland through its subsidiaries, Golden Cow in Portadown; Derry Produce Packers in Coleraine; Saint Brendan’s in Londonderry; and Leckpatrick in Omagh and Artigarvan. The company also recently opened Rye Valley Foods in Enniskillen and expanded a processed cheese facility in Coleraine.
The Kerry Group is ranked as the tenth largest company in Ireland with earnings up over 90 per cent per annum since taking on public liability status 15 years ago.
Although 72 per cent of shareholders backed the original proposal on August 2, an 80 per cent acceptance target was needed before the deal was able to proceed. (MB)
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NI lags behind UK in designating stakeholder pensions
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Economy has made impressive improvements says Trimble
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Economy has made impressive improvements says Trimble
Northern Ireland First Minister David Trimble has delivered the Annual Lecture to the Institute of Directors in London. Reviewing the prospects for the local economy in the province Mr Trimble delivered an up-beat assessment of Northern Ireland’s political prospects.
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UK R&D spend is below European average
The latest figures on research and development (R&D) spending shows that the UK lags behind the European average and falls well below the US. Figures released by the Office of National Statistics revealed that the UK spent £16.7 billion, equivalent to 1.83 per cent of Gross Domestic Product (GDP) on research and development in 1999.
UK R&D spend is below European average
The latest figures on research and development (R&D) spending shows that the UK lags behind the European average and falls well below the US. Figures released by the Office of National Statistics revealed that the UK spent £16.7 billion, equivalent to 1.83 per cent of Gross Domestic Product (GDP) on research and development in 1999.
15 March 2002
London still most expensive city for office space
London remains the world's most expensive city to rent office space, with average annual occupancy costs of around £1,072 per square metre. International property consultants Healey & Baker looked at 45 countries around the world, analysing the total costs of occupying office space in 100 locations.
London still most expensive city for office space
London remains the world's most expensive city to rent office space, with average annual occupancy costs of around £1,072 per square metre. International property consultants Healey & Baker looked at 45 countries around the world, analysing the total costs of occupying office space in 100 locations.
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Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
