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 Cider and beer manufacturer C&C Group plc has acquired the Tipperary Water manufacturer, Drinks Supplier and Distributor Gleeson Group, for a reported €12.4m.
In a statement, C&C said the deal included taking on debt of around €44m with €4.4m of the agreed price deferred for one year. Existing debt is €45.6m.
As well as producing Tipperary Water (latter bottled at source in the village of Borrisoleigh, Co Tipperary) together with Tipperary and Finches soft drinks, Gleeson Group is currently the largest distributor of packaged long alcohol drinks (LAD) to pubs in Ireland.
This deal, which is being financed out of C&C Groups existing facilities, gives them immediate access to this distribution network.
C&C were up marginally, at €3.99, in early morning trading.
 Many of us get caught up in the unnecessary expense of the Christmas season. It is so easy to forget that Christmas is not about costly gifts and putting yourself under extra financial pressure – it is about enjoying time with family and friends. So wisely state THURLES CREDIT UNION, who today have launched their annual Christmas campaign – “Let Santa be the only one in the red this Christmas.“
The campaign urges those in the Thurles area in particular, to avoid borrowing way beyond their means & thus avoid “a sack full of debt,” in the New Year.
To coincide with the launch of the campaign, THURLES CREDIT UNION have published the results of an Irish League of Credit Union (ILCU) survey on Christmas spending.
ILCU SURVEY FINDINGS
Finances / Spending
Irish consumers expect to spend €527 on average this Christmas compared to €562 last year. Middle age adults and females are likely to spend more money than other groups.
The ILCU Christmas survey shows that 8 in 10 Irish adults feel worse about their financial situation in the run up to Christmas 2012. However, 58% state that Christmas will be enjoyable regardless of financial worries.
Four in Ten persons will be able to rely on their regular income to pay for Christmas related costs, a further four in ten will dip into savings to finance their Christmas celebrations. 19% hold savings specifically for Christmas, 5% will use their credit card, 5% will get a credit union loan, 2% will borrow from family and friends and a further 2% will borrow from moneylenders.
Christmas Debt / Overspending
More than half of consumers (56%) expect to experience a shortfall in spending over the Christmas. Some 25% believe that they will end up paying for Christmas well into the New Year because of unnecessary financial expense. Some 31% worry where they will get the money to pay for extra expenses for Christmas.
Continue reading Let Santa Be The Only One In The Red This Xmas
 A Warm Coal Fire With November and Winter fast approaching, most families are viewing the cost of fuel prices.
Centenary Co-Op have once again dropped their Coal prices, only while stocks last, in their depots at Ballyduff, Thurles, Templemore, Cashel, Littleton, Loran, Montore and Roscrea.
This also offers the ideal opportunity for all housing estates to form their own little Co-Ops and take advantage of a considerable saving in fuel costs this winter.
Savings are as follows:
Five Bags of Premium Coal plus five bales of Briquettes €84.
Three Bags of Premium Coal plus two bales of Briquettes €47.
One Ton (25 Bags) costs €330 (€13.20 per Bag), while 80 bales of Briquettes cost €264 (€3.30 per Bale).
One Pallet (40 Bags) costs €525 (€13.125 per Bag), while 128 bales of Briquettes cost €422 (€3.296 per Bale).
It should be noted that all fuel is premium grade and is cash collected only.
Click on “Shop Icon” shown on the centre of map hereunder, for directions to Centenary Co-Op, Thurles.
[mappress mapid=”8″]
Thurles Credit Union Ltd will celebrate International Credit Union Day, (18th October next.) by hosting a Tea & Coffee morning in aid of MS Ireland (Tipperary Branch).
This year’s theme is “Members Matter Most.” This is the clear and simple message which summarises the very existence of credit unions. In the face of all challenges, credit unions have always existed to serve their membership.
Members Matter Most – The Credit Union Difference
 Thurles Credit Union has served the local community for the last 51 years. Last year this credit union gave out 5,722 loans to the community which constituted €10,573,487 in value. That means that many families benefited directly from lending services last year. Over the last year 410 new members joined, which is a very noticeable sign that people are moving away from banks and towards credit unions.
Thurles Credit Union offers something different. They provide affordable loans and a safe place for savings.
At no cost to eligible members they also provide:-
• Loan Protection Insurance on loans – that means in the event of death your credit union loan dies with you and is not passed to your estate.
• Life Savings Insurance – that means that in the event of your death, next of kin will not only receive your savings but also an additional lump sum on top of that which has been built up over the term of your membership.
• Nomination facility – members over 16 years of age can nominate a person (or persons) to receive his/her property in the credit union on his/her death. This is of benefit if the member dies without leaving a will as the property left in the credit union will not have to pass through the sometimes timely intestacy process.
Thurles Credit Union Supporting Your Local Community
In the midst of many banks closing their local branches, the continued presence of the credit union in the community is of vital importance. While providing much needed local access to financial services, the credit union also has an ethos of supporting local initiatives. Thurles Credit Union has maintained its investment in the community by sponsoring/supporting various local sporting, educational and community groups.
Thurles Credit Union is proud of the role it continues to play in being more than a financial institution but a valuable resource to its community and its people. Michael Harty, Loans & Marketing Officer of Thurles Credit Union said: “Because of our members, credit unions are able to play a vital role in the development and financial stability of the communities we serve by providing fair loans and high quality services to our members. Our strength lies in our difference and we are very proud of this fact.”
So remember to drop in and say hello & put a note on your fridge door – International Credit Union Day, 18th October next, a Tea & Coffee Morning in aid of MS Ireland (Tipperary Branch).
Towns in Tipperary failed to make the top 25 of the 2012 review, carried out by Retail Excellence Ireland (REI).
All towns reviewed nationally were rated on factors relating:- Car Parking & Costs, Restaurants and Public Houses, the choice of availability of Retail Stores, Safety, and Retailer Friendliness. REI stopped short of naming & shaming the ‘bottom 25′ of the 100 towns surveyed, instead breaking the bottom 75 towns and cities into second, third and fourth quartiles.
See how Co Tipperary fared, highlighted in RED:-
The top 25 towns and cities (See lists above) all had a balanced mix of trading retailers driving customer footfall, thus giving the towns and cities their individual character and personality. While this retail mix was deemed of importance, it was also clear that access to available car parking, at the right price, was also a major attraction for consumers, latter who are prepared to travel even long distances to towns which offer such values.
Two other statistics were also noteworthy:- (A) Better performing towns in this review had all competed successfully in Tidy Towns competitions, perhaps indicating that strong community spirit was vital to town centre growth. Westport for example, which came first, has won the Tidy Towns awards three times in the last ten years. (B) None of the towns which fared best have been exposed to significant out-of-town planning, thus confirming the need for commercial activity to be confined to Tipperary town centres.
Mr Keith Rogers, chairman of Retail Excellence Ireland, stated: “We need to demand our towns have the right ingredients with a suitable mix of convenience, grocery, fashion, health, eateries, public houses and entertainment to ensure citizens are engaged with their civic space and in turn they then support their local town.”
Mr Cormac Kennedy, chairperson of the REI Town and City Revival Committee, believes that the survey can act as a road map for all towns and cities to improve. Mr Kennedy stated “Ultimately, the report gives the feedback from each town’s shoppers and business community so their views should be taken on board. The availability of parking offering good value for money is an important factor for shoppers. In fact, shoppers will determine where they will go shopping purely on the basis of car parking facilities.”
This survey is the largest survey of its kind ever undertaken in Ireland and comprised discussion with 16,000 members of the public and business owners in the 100 towns listed.
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