Ireland based energy group, Kedco, promoting gasification and other green technologies launches on AIM in London


Kedco plc, an Irish-based energy group focusing on environmentally friendly energy production in the UK and Ireland, this week announced they had been admitted to trading on the AIM market of the London Stock Exchange.

Kedco specialises in the generation of electricity from sustainable and renewable fuel sources. The Group sources technologies (including anaerobic digestion and gasification power plants) for sale to Continue reading

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Aerlingus to cut 1500 jobs, close Shannon and heathrow bases


Up to 1,500 jobs are to be lost at Aer Lingus in a dramatic new cost-cutting plan.

The plan, which includes outsourcing of the airline’s entire ground operation, was announced in a meeting with union representatives at Dublin Airport this afternoon.

The company’s bases at Shannon and Heathrow will be closed with staff being redeployed to Dublin or Cork airport, or made redundant.

The measures, which aim to save at least €74m a year, are due to come into affect from the first of December this year.

 

 

 

An Post partner bank facing collapse


Fortis, the Belgian-Dutch bank that runs a joint venture with the Irish post office under the brand ‘PostBank’, is tonight facing collapse as Dutch and Belgian officials scramble to rescue it.

A spokesperson for An Post (the post office service in Ireland) stressed that the operation of postbank is unaffected and that all an Post deposits are state guaranteed.

European Central Bank president Jean-Claude Trichet met Continue reading