Business and Leadership Ltd.

Infrastructure support services group Siteserv has announced it has been selected, through its subsidiary Sierra Communications, as the preferred bidder for Bord Gáis Home Energy’s ‘Provision of Appliance Servicing, Boiler Installation and Related Services’ contract. Both parties will now enter into a period of contractual negotiations and a further announcement is expected to be made in the first quarter of 2010. The contract has an estimated value of €50m over the three-year term and has a potential to extend to a further two years, Siteserv said. Siteserv is a holding company for businesses including RoanKabin, Sierra Support Services, Holgate Infrastructure & Motorway Services and Rentafence.

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johnteeling

John Teeling remains one of Ireland’s foremost entrepreneurs, with business interests that range from Cooley Distillery to African diamond mines. He spoke to Irish Director magazine about a lifetime in business. Given John Teeling’s portfolio of interests, which includes Cooley, Ireland’s only independent whiskey distillery, diamond-mining companies in Botswana and Guinea, oil exploration operations in Iraq and South America and a gold exploration business in Iran, it’s no great surprise when he reveals that he has always been interested in high-risk, high-potential ventures. It is interesting, however, to note that Teeling made his initial money from speculating on the stock exchange, which he says “was my first love and my…

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Business and Leadership Ltd.

Henry Mintzberg is widely recognised as one of the world’s leading management thinkers. As he publishes his latest unfussily titled book Managing, he speaks to Irish Director magazine. Described by Tom Peters no less as “perhaps the world’s premier management thinker”, we were delighted to catch up with Henry Mintzberg (pictured) on the occasion of the release of his latest book, which is rather unpretentiously entitled Managing. Well known for his forthright and often irreverent take on all things management, Mintzberg is quick to dismiss the current trend to separate ‘leadership’ from ‘management’. “You can’t separate those two,” he tells me. “Nobody wants to have a manager who is not…

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emiratesairlines

With the global recession driving the demand for and price of airline fares downwards, there was surprising news from Germany today as the government there has forced Dubai’s Emirates airline to increase the price it is charging for business-class tickets on flights leaving Germany for non-EU destinations. The Financial Times reports Emirates as saying that the “imminent threat of significant fines” meant it had to increase the price of business-class fares on flights originating from Germany, with some routes seeing prices increase by as much as 20pc. Emirates described the charges as “anti-consumer” and “commercially nonsensical”, claiming the charges are not being levied on other airlines flying out of Germany and saying…

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Business and Leadership Ltd.

AIB today announced that it provided finance for 40pc of all residential property transactions in the third quarter of 2009. The bank said this level of new business activity offered “strong evidence” of its commitment to the overall economy and support for the housing market in particular. AIB also pointed out that it had been responsible for one in three of all new first-time buyer mortgage drawdowns in the market in the third quarter. According to the bank, when compared with the same period last year, this means that AIB’s overall market share of first-time buyer mortgages has more than doubled. Steady flow of good-quality applications “While the demand for…

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Business and Leadership Ltd.

Terry Clune, who established global income tax service firm Taxback.com in 1996, was last night named Ernst &Young; Entrepreneur of the Year at Dublin’s City West Hotel. Taxback.com provides international tax, finance and travel consultancy services to clients in over 100 countries. The company has 600 staff in 17 countries processing 130,000 tax refunds, 30,000 visas and 60,000 international money transfers annually. Taxback.com recently opened an office in Haiti, supported by Denis O’Brien’s company Digicel. From its office in the Digicel building in the Haitian capital Port-au-Prince, the company’s 24 new staff will provide tax documentation assistance to customers largely in North America. Also featuring in last night’s awards was the…

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Business and Leadership Ltd.

Goldman Sachs has hit the headlines again today, and for once the story does not concern the generous remuneration packages awarded to its staff. According to Felix Salmon at Reuters, Henry Paulson (pictured), the former US Treasury Secretary who was at the helm when the financial crisis hit in the autumn of 2008, held a meeting with Goldman Sachs’s board in Moscow in which he revealed details of future government policy. The revelation is contained in a new book, Too Big To Fail, written by New York Times columnist Andrew Ross Sorkin, which describes the events leading to the collapse of Lehman Brothers last year. Sorkin’s book alleges that Paulson…

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Business and Leadership Ltd.

The US Treasury has criticised the Chinese Government for what it sees as a lack of flexibility in the Chinese currency, the yuan. In its Semi-Annual Report to Congress on International Economic and Exchange Rate Policies published yesterday, the US Treasury also said that China’s renewed accumulation of foreign exchange reserves risks unwinding some of the progress made in reducing global imbalances when stimulus packages are eventually withdrawn and demand by China’s trading partners recovers. Both of the rigidity of the yuan and China’s reacceleration of reserve accumulation are “serious concerns” that should be corrected to help ensure a stronger, more balanced global economy, the US Treasury said. It also…

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Business and Leadership Ltd.

The US publisher McGraw Hill is to sell its popular business magazine BusinessWeek to Bloomberg . The acquisition will strengthen Bloomberg’s online, television and mobile products, Bloomberg Chairman Peter Grauer said in a statement yesterday. “BusinessWeek will be a powerful addition to our portfolio of leading news and information services,” he added. McGraw-Hill said the transaction would enable it to continue focusing resources on building the size, scale and global presence of its brands. Details of the deal were not disclosed. However, BusinessWeek cites “knowledgeable sources” in its story on the deal, saying that Bloomberg’s cash offer is in the US$2m to the US$5m range and that it has agreed to assume liabilities,…

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Business and Leadership Ltd.

Ireland’s recovery from recession will be slower than elsewhere, the Central Bank said today as it acknowledged hopes are rising that the global downturn in European and the world economies has now reached a turning point. However, despite the gloomy comparisons to other economies, the bank did raise its forecasts for Irish economic growth in its latest quarterly bulletin. The bank’s latest forecast suggests that, while the pace of decline in economic activity is moderating, the weakness in Irish economic activity is set to persist into the first-half of 2010. However, it has raised its forecast for economic growth in 2009 and 2010 slightly from its last quarterly bulletin. The…

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