Friday, October 18 08:20:44
Dublin-based aircraft leasing company SMBC Aviation Capital has said deal volume picked up significantly during its third quarter. In a trading update, the company said it recorded a high volume of activity in the quarter that has resulted in 38 lease agreements, 21 deliveries and six sales. This brings a total of 63 lease agreements, 39 deliveries, and nine aircraft sold for the year to date.
Formerly part of the Royal Bank Scotland Group (RBS), the company owns and manages over 340 aircraft valued at more than $10bn. SMBC, which is reputed to be the world's third largest aircraft leasing company, is seeking to grow its market share following its sale to a Japanese corporation last year. After a somewhat tepid start to this year, which saw the company announcing just 11 lease agreements, eight deliveries and three sales in its first quarter, business has picked up. "Our company has gone through a lot of changes in the last few years and our focus is on growing the business again. This is why there's been increased activity from us in the market," said the company's chief executive Peter Barrett. The Irish Times
Google said its consolidated revenue increased 12 per cent to $14.89 billion in the third quarter, even as losses deepened at its Motorola mobile phone business. Shares of Google rose more than 5 per cent to $939.26 in after-hours trading on Thursday. The world's number one search engine said its internet business delivered net revenue, which excludes fees paid to partners, of $10.8 billion in the third quarter, up 23 per cent from $8.76 billion in the year-ago period.
Paid clicks increased 26 per cent year-on-year during the three months ended September 30th, while the average cost-per-click - the price that marketers pay Google when consumers click on their ads - decreased by 8 per cent. Google said it earned $2.97 billion, or $8.75 per share in the three months ended September 30th, compared to $2.18 billion, or $6.53 per share, last year. Operating loss at Motorola, Google's mobile phone business, totaled $248 million during the third quarter, compared to a loss of $192 million in the third quarter of 2012. The Irish Times
It was a good day for jobs yesterday with the announcement of more than 340 new positions around the country. A E52 million science and engineering initiative that will create more than 220 new jobs in teaching and construction was officially launched at the University of Limerick (UL). Elsewhere, animal health business Alltech announced plans for 100 extra jobs at its European headquarters in Co Meath, while engineering firm Byrne Looby Partners said it would create 25 new positions at its Irish offices. The Bernal Project, which was officially launched by Taoiseach Enda Kenny at UL, is designed to give Ireland the edge in research in the pharmaceutical, biomedical and energy sciences.
Some 75 long-term research and teaching jobs are to come online and an estimated 150 construction jobs will be created in building the laboratories needed. The Irish Times