A round-up of today's other business news, in brief.
Examiner appointed to Swissco Ltd
The High Court has confirmed the appointment of an examiner to Swissco Ltd, which produces chilled ready meals, employs 125 people and is said to have a reasonable prospect of survival.
Mr Justice Peter Kelly yesterday confirmed David Carson of Deloitte as examiner to the company, which operates a manufacturing plant at Little Island, Cork.
Swissco is part of a group of companies comprising Cresset, a wholly owned subsidiary of International Cuisine Ltd, which is owned by Singapore Food Industries Ltd. Its Irish customers include Superquinn, Musgraves and Cuisine de France.
BA, Qantas discuss possible merger
British Airways has announced that it and Qantas are exploring a potential merger. In an announcement to the London Stock Exchange yesterday, BA said it was studying a merger with the Australian flag carrier "in a dual-listed company structure".
It said each airline would remain a separate legal entity and would have separate shareholders. There would be "a combined balance sheet, overlapping boards of directors and an integrated management team".
BA said it was continuing its e discussions on a merger with Spain's Iberia.
Oil price falls to $47.36 a barrel
Oil prices sank to their lowest level in three years, accumulating a $100 drop in less than five months, amid fresh concerns yesterday that the Opec oil cartel may not reduce its production level as much as it has promised.
The fall to yesterday's low of $47.36 a barrel from July's record high of $147.27 has prompted a dramatic drop in wholesale cost for oil products such as petrol and heating oil. In New York, wholesale gasoline prices yesterday hit an intraday low just above the psychological $1-a-gallon level. - (Financial Times service)
Regulator warns on investment adviser
The Irish Financial Services Regulatory Authority has warned the public about an investment adviser, Lincoln Ventures (Canada), which has been operating in the Republic without authorisation.
A notice in today's newspapers says the company has been offering investment services and/or investment advice to members of the Irish public.
Dunnes Stores to create 230 jobs
Dunnes Stores has announced the creation of 230 jobs with the opening this week of two new stores - at Saggart, Co Dublin and South Gate Centre, Drogheda. The new stores follow a recent opening in Roscrea as well as the completion of newly extended stores in Clonmel and Carlow.
Quinn to announce new jobs for Cork
Quinn Insurance, which owns Quinn Healthcare and Quinn Direct, is expected to make a major jobs announcement at its offices in Little Island, Cork, this week. One report said that up to 350 new jobs could be created.
