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Presbyterian Mutual Society: Savers face new financial blow

BBC News
Published
image captionThe PMS went into administration at the height of the financial crisis in 2008
Some people who invested money in the failed Presbyterian Mutual Society (PMS) are facing losses of tens of thousands of pounds, an MP has claimed.
Supervisors have said they will not be able to pay back a £175m loan from the NI Executive.
As a result, other creditors have been told that they will receive no more repayments.
DUP Strangford MP Jim Shannon said some of his constituents would lose part of their life savings.
The PMS went into administration at the height of the financial crisis in 2008. ....

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Uncertainty over future of Donegal biogas plant backed by £9.3m Invest NI loan

Uncertainty over future of Donegal biogas plant backed by £9.3m Invest NI loan
Invest NI provided a £9.3 million loan for the Glenmore project in Ballybofey to process 25,000 tonnes of poultry waste from the north each year.
Ryan McAleer
19 January, 2021 01:00
THE future of an Invest NI-backed anaerobic digestion plant in Co Donegal looks uncertain after it emerged that private investors want to sell it off rather than support a turnaround plan.
Invest NI provided a £9.3 million loan to the Glenmore Project in Ballybofey in 2016 as part of a plan to turn 25,000 tonnes of poultry litter per year from the north into energy. ....

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