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Thread: Sweet deal for Denis O'Brien- haircut for Anglo Irish and the taxpayer ( Siteserv)

  1. #601
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    Default Re: Sweet deal for Denis O'Brien- haircut for Anglo Irish and the taxpayer ( Siteserv)

    ching ching

    http://www.irishtimes.com/business/c...acts-1.2566778


    Civil and mechanical engineering group, GMC Utilities, whose projects include the Luas cross-city extension, saw pretax profits jump by 420 per cent in 2014 as turnover rose by more than 200 per cent.

    pretax profits of €79.9 million for the 12 months ending December 31st, 2014. This compares with €26.3 million a year earlier.

    Turnover – including from the group’s joint ventures – increased from €26.3 million to €79.9 million. Turnover excluding joint ventures was up 162 per cent from €15.8 million to €41.6 million.

    GMC was awarded the contract for the Luas cross-city utilities diversion in late 2013. That same year, GMC/Sierra, a consortium comprising GMC and Sierra Support Services Group, was chosen to manage Irish Water’s meter installation programme in Dublin city, the midlands, southeast and northwest regions.

    The group, which reported operating profits of €10.3 million in 2014 compared with €1.8 million a year earlier, operates across a number of areas including renewable energy, sewers, smart metering, telecommunications, transport, urban renewal and energy. Its clients include Bord Gáis, Dublin Airport, Eir, ESB, the Office of Public Works, the Railway Procurement Authority and Waterways Ireland.

  2. #602
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    Default Re: Sweet deal for Denis O'Brien- haircut for Anglo Irish and the taxpayer ( Siteserv)

    ching ching

    http://www.irishtimes.com/business/c...acts-1.2566778


    Civil and mechanical engineering group, GMC Utilities, whose projects include the Luas cross-city extension, saw pretax profits jump by 420 per cent in 2014 as turnover rose by more than 200 per cent.

    pretax profits of €79.9 million for the 12 months ending December 31st, 2014. This compares with €26.3 million a year earlier.

    Turnover – including from the group’s joint ventures – increased from €26.3 million to €79.9 million. Turnover excluding joint ventures was up 162 per cent from €15.8 million to €41.6 million.

    GMC was awarded the contract for the Luas cross-city utilities diversion in late 2013. That same year, GMC/Sierra, a consortium comprising GMC and Sierra Support Services Group, was chosen to manage Irish Water’s meter installation programme in Dublin city, the midlands, southeast and northwest regions.

    The group, which reported operating profits of €10.3 million in 2014 compared with €1.8 million a year earlier, operates across a number of areas including renewable energy, sewers, smart metering, telecommunications, transport, urban renewal and energy. Its clients include Bord Gáis, Dublin Airport, Eir, ESB, the Office of Public Works, the Railway Procurement Authority and Waterways Ireland.

  3. #603
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    Default Re: Sweet deal for Denis O'Brien- haircut for Anglo Irish and the taxpayer ( Siteserv)

    Wonder if the credit arrangements negotiated last year are up for review? In the absence of the Didn'tsell flotation and the uncertainty over the future of the Irish Water tax, there would need to be some positive results. And the important thing, (from a running dog Capitalist point of view), is the profit after taxes and deductions.

    Regards...jmcc

  4. #604
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    Default Re: Sweet deal for Denis O'Brien- haircut for Anglo Irish and the taxpayer ( Siteserv)

    keep the recovery going


  5. #605
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    Default Re: Sweet deal for Denis O'Brien- haircut for Anglo Irish and the taxpayer ( Siteserv)

    keep the recovery going


  6. #606
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    Default Re: Sweet deal for Denis O'Brien- haircut for Anglo Irish and the taxpayer ( Siteserv)

    Bank Holiday Friday news dump special. The second interim Cregan report has been released which notes that virtually no progress has been made in the last six months. The Terms of Reference need to be changed and legislation has to be brought in in order to get any further.

    http://www.rte.ie/news/2016/0429/785...action-report/
    Full report at the story.ie
    https://thestory.ie/2016/04/29/secon...investigation/

  7. #607
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    Default Re: Sweet deal for Denis O'Brien- haircut for Anglo Irish and the taxpayer ( Siteserv)

    Unreal.
    “ We cannot withdraw our cards from the game. Were we as silent and mute as stones, our very passivity would be an act. ”
    — Jean-Paul Sartre

  8. #608
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    Default Re: Sweet deal for Denis O'Brien- haircut for Anglo Irish and the taxpayer ( Siteserv)

    Quote Originally Posted by PaddyJoe View Post
    Bank Holiday Friday news dump special. The second interim Cregan report has been released which notes that virtually no progress has been made in the last six months. The Terms of Reference need to be changed and legislation has to be brought in in order to get any further.

    http://www.rte.ie/news/2016/0429/785...action-report/
    Full report at the story.ie
    https://thestory.ie/2016/04/29/secon...investigation/
    We will need a third party report before the all party committee can propose the legislation

    Could be a 4 or 5 year process

    New elections by then
    Politics is the gentle art of getting votes from the poor and campaign funds from the rich, by promising to protect each from the other. ~Oscar Ameringer

  9. #609
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    Default Re: Sweet deal for Denis O'Brien- haircut for Anglo Irish and the taxpayer ( Siteserv)

    Quote Originally Posted by PaddyJoe View Post
    Bank Holiday Friday news dump special. The second interim Cregan report has been released which notes that virtually no progress has been made in the last six months. The Terms of Reference need to be changed and legislation has to be brought in in order to get any further.

    http://www.rte.ie/news/2016/0429/785...action-report/
    Full report at the story.ie
    https://thestory.ie/2016/04/29/secon...investigation/
    We will need a third party report before the all party committee can propose the legislation

    Could be a 4 or 5 year process

    New elections by then
    Politics is the gentle art of getting votes from the poor and campaign funds from the rich, by promising to protect each from the other. ~Oscar Ameringer

  10. #610
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    Default Re: Sweet deal for Denis O'Brien- haircut for Anglo Irish and the taxpayer ( Siteserv)

    Will O'Brien get the contract for digging up the water meters ?
    “ We cannot withdraw our cards from the game. Were we as silent and mute as stones, our very passivity would be an act. ”
    — Jean-Paul Sartre

  11. #611
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    Default Re: Sweet deal for Denis O'Brien- haircut for Anglo Irish and the taxpayer ( Siteserv)

    extraordinary run down in today's paper. Important to remember that none of this would have come to light without the water protests

    http://www.irishtimes.com/news/world...A1il-1.2723907

  12. #612
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    Default Re: Sweet deal for Denis O'Brien- haircut for Anglo Irish and the taxpayer ( Siteserv)


  13. #613
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    Default Re: Sweet deal for Denis O'Brien- haircut for Anglo Irish and the taxpayer ( Siteserv)

    High Court has muzzled Bizpost from reporting proceedings or evidence given at the the inquiry

    https://www.irishtimes.com/business/...post-1.3312482

    Tom Lyons not happy https://twitter.com/TomLyonsBiz/stat...43656886472704

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