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Company behind Fitzwilliam Hotel grows profit tenfold as tourists return

Company behind Fitzwilliam Hotel grows profit tenfold as tourists return

Also in Dublin, the Mespil Hotel bounced back into profit last year after trading ‘improved significantly’ after restrictions lifted

Fri Aug 11 2023 - 13:00
WhatsApp Ireland’s profits soar as it cuts provision for regulatory breaches

WhatsApp Ireland’s profits soar as it cuts provision for regulatory breaches

Meta-owned firm’s after-tax profit totalled €41.1m last year, up from €1.8m a year earlier

Fri Aug 11 2023 - 11:05
EY Entrepreneur of the Year profiles: From pallets to clothing, here’s how this year’s nominees are breaking through

EY Entrepreneur of the Year profiles: From pallets to clothing, here’s how this year’s nominees are breaking through

We profile the remaining three finalists chosen in the emerging category for this year’s EY Entrepreneur of the Year awards

Fri Aug 11 2023 - 05:00
August bank holiday weekend sees 58% reduction in serious crashes

August bank holiday weekend sees 58% reduction in serious crashes

To date this year, 104 people have died on Irish roads, 12 more deaths than this time last year

Thu Aug 10 2023 - 21:31
Banking stocks tumble after Italy imposes shock windfall tax

Banking stocks tumble after Italy imposes shock windfall tax

Moody’s cuts credit ratings of 10 small to midsized US banks, while Bank of Ireland, AIB and PTSB suffer losses

Tue Aug 08 2023 - 17:48
Three in four Irish businesses eyeing international expansion

Three in four Irish businesses eyeing international expansion

Online payments giant Stripe reports 28% growth in Irish enterprises selling internationally via digital channels

Tue Aug 08 2023 - 05:00
Businesses want special fund to address State’s infrastructure problems

Businesses want special fund to address State’s infrastructure problems

Chambers Ireland says issues like housing are damaging the State’s reputation and we are falling short on agreed sustainable development goals

Tue Aug 08 2023 - 05:00
Minimum wage employees face challenges beyond money

Minimum wage employees face challenges beyond money

People on lower pay work longer shifts at more unsocial times and are less likely to be unionised, report finds

Tue Aug 08 2023 - 05:00
Remote working: A quarter of Ireland’s workers now operate from home most of the time

Remote working: A quarter of Ireland’s workers now operate from home most of the time

Companies are responding by seeking less, but better quality, office space, according to commercial property group

Tue Aug 08 2023 - 05:00
US stocks and the dollar edge higher to reverse last week’s drop

US stocks and the dollar edge higher to reverse last week’s drop

Euronext Dublin was flat on the day as it saw trading volumes fall by half with investors enjoying the bank holiday

Mon Aug 07 2023 - 17:46
Cinema spending surged 136% during Ireland’s wettest July on record

Cinema spending surged 136% during Ireland’s wettest July on record

Indoor activities more generally proved popular throughout the month, according to Bank of Ireland spending data

Fri Aug 04 2023 - 15:30
Shelbourne Hotel grows revenue by a third as visitors flock back to Dublin

Shelbourne Hotel grows revenue by a third as visitors flock back to Dublin

Average daily room rate at Stephen’s Green establishment increased more than 20% to €389 in the first quarter

Fri Aug 04 2023 - 15:29
EY Entrepreneur of the Year profiles: From car-charging to school meals, here’s how this year’s nominees are breaking through

EY Entrepreneur of the Year profiles: From car-charging to school meals, here’s how this year’s nominees are breaking through

We profile four of the seven finalists chosen in the emerging category for this year’s EY Entrepreneur of the Year awards

Fri Aug 04 2023 - 05:00
More than €9m in cocaine seized at Rosslare Europort

More than €9m in cocaine seized at Rosslare Europort

Man arrested after search of UK-registered accompanied freight unit that had disembarked a ferry from Dunkirk

Wed Aug 02 2023 - 18:53
Man (30s) dies after being assaulted in Dublin road rage incident

Man (30s) dies after being assaulted in Dublin road rage incident

Man received serious injuries after getting into an altercation with another motorist in the early hours of Sunday morning

Wed Aug 02 2023 - 17:52
Global stocks slip amid declining factory activity in euro zone

Global stocks slip amid declining factory activity in euro zone

Euronext Dublin finishes down about 0.4% as its heavier hitters such as Flutter and CRH drag it down

Tue Aug 01 2023 - 18:14
Manufacturing sector contracts at sharpest rate since 2020

Manufacturing sector contracts at sharpest rate since 2020

Goods producers scaled back production at a rate that was among the sharpest on record, according to AIB

Tue Aug 01 2023 - 01:01
Increase to minimum wage will add up to 2.5% to grocery bills, ISME says

Increase to minimum wage will add up to 2.5% to grocery bills, ISME says

Suggestion businesses may be supported by Government in delivering the increase are ‘unwise’, group says

Mon Jul 31 2023 - 14:06
Consumers facing price hikes across whole range of areas, Bonkers.ie says

Consumers facing price hikes across whole range of areas, Bonkers.ie says

Residential gas and electricity prices in Ireland remain at record highs with only a small reprieve likely in coming months

Mon Jul 31 2023 - 07:56
Flutter to wind down sports betting platform Fox Bet over next month

Flutter to wind down sports betting platform Fox Bet over next month

Paddy Power parent will retain ownership of PokerStars, in addition to US sports betting market leader FanDuel

Mon Jul 31 2023 - 07:17
Irish prices for goods and services up 4.6% over past year

Irish prices for goods and services up 4.6% over past year

Rate of inflation in Irish economy is below the 5.5% rate across the eurozone more generally, new data shows

Fri Jul 28 2023 - 11:26
Sean Corkery to step down as CEO of Datalex after four years at helm

Sean Corkery to step down as CEO of Datalex after four years at helm

Former Actavo chief was hired to stabilise the group following a major accounting scandal that saw its shares suspended

Fri Jul 28 2023 - 09:53
Home Building Finance Ireland loan approvals jump by 15%

Home Building Finance Ireland loan approvals jump by 15%

State-backed lender for builders opened for business in January 2019 to fund the delivery of new homes

Fri Jul 28 2023 - 08:53
Costs continue to pressure air fares, says Aer Lingus

Costs continue to pressure air fares, says Aer Lingus

Irish airline earns €40 million profit in first six months of year

Fri Jul 28 2023 - 08:03
Landlords seeking sex for rent has ‘become normalised’

Landlords seeking sex for rent has ‘become normalised’

Rape Crisis Network Ireland executive director Dr Clíona Saidléar calls for new law to ban the practice

Fri Jul 28 2023 - 06:39
Drugs worth €700,000 and semi-automatic pistol seized in Garda raid

Drugs worth €700,000 and semi-automatic pistol seized in Garda raid

Search of a premises took place in the Summerhill area of Co Meath at about 5.30pm on Wednesday

Thu Jul 27 2023 - 20:50
Mortgage drawdowns plummet in first drop since onset of Covid-19

Mortgage drawdowns plummet in first drop since onset of Covid-19

Banks say decline reflects much lower levels of switching, but first-time buyer mortgage volumes also fall for first time in years

Wed Jul 26 2023 - 00:10
Global shares edge higher in advance of Fed rate hike decision

Global shares edge higher in advance of Fed rate hike decision

Euronext Dublin outperformed peers as it climbed 0.6 per cent on the back of some of its heavy hitters

Tue Jul 25 2023 - 17:57
Aer Lingus Regional pilots to escalate industrial action

Aer Lingus Regional pilots to escalate industrial action

Pilots will not be contactable outside of working hours and will not accept changes to rosters at short notice

Mon Jul 24 2023 - 12:51
Blockchain bookie Betdex receives remote betting license in Ireland

Blockchain bookie Betdex receives remote betting license in Ireland

Group chief executive Varun Sudhakar said he is excited to enter a ‘new but familiar territory of operation’

Mon Jul 24 2023 - 10:34
Thousands helped to safety as fire causes havoc on Rhodes and new wildfire emerges in Corfu

Thousands helped to safety as fire causes havoc on Rhodes and new wildfire emerges in Corfu

DFA warns against travel to affected areas in Greece as Irishwoman tells of ‘horrendous’ trip

Sun Jul 23 2023 - 21:48
Irish tourists warned against travelling to parts of Greece affected by wildfires

Irish tourists warned against travelling to parts of Greece affected by wildfires

Airline will accept temporary travel documentation issued by Greek police from passengers departing from Rhodes

Sun Jul 23 2023 - 21:13
‘People were completely traumatised’: Irish woman holidaying in Rhodes will never forget ‘carnage’

‘People were completely traumatised’: Irish woman holidaying in Rhodes will never forget ‘carnage’

Maggie McManus describes seeing ‘fires raging in the dark’ as her family’s plane descended to the Greek island

Sun Jul 23 2023 - 15:34
Wholesale electricity prices down more than a third since last year, data shows

Wholesale electricity prices down more than a third since last year, data shows

Building and construction index, which covers materials and wages, rose by 4.9% in the 12 months to June

Fri Jul 21 2023 - 16:15
Number of households ‘prevented from entering homelessness’ by Threshold falls 27%

Number of households ‘prevented from entering homelessness’ by Threshold falls 27%

Threshold prevented 880 households from entering homelessness in the second quarter, its latest report shows

Thu Jul 20 2023 - 00:01
Global markets rise despite fears of more interest rate hikes

Global markets rise despite fears of more interest rate hikes

At home, Iseq Overall Index finished the day up 40 basis points, which was largely in line with international peers

Tue Jul 18 2023 - 18:07
Roadmap for ‘safe and ethical’ use of AI is published by Government

Roadmap for ‘safe and ethical’ use of AI is published by Government

Document sets out standards for AI and was put together by the National Standards Authority of Ireland and leading experts

Tue Jul 18 2023 - 15:47
Cork software company to develop EU traceability scheme for wood

Cork software company to develop EU traceability scheme for wood

System aims to combat deforestation by enabling people buying wooden products to trace wood back to individual trees

Tue Jul 18 2023 - 13:32
Property prices climb 2.4% but fall slightly within Dublin

Property prices climb 2.4% but fall slightly within Dublin

There was also an 18.9% increase in the number of homes bought in May, new data from the CSO shows

Tue Jul 18 2023 - 12:14
Turnover at McCambridge Bread up 19% after group raised prices

Turnover at McCambridge Bread up 19% after group raised prices

Irish-owned bread maker established in 1945 offers range of products including traditional, gluten-free, and artisan breads

Mon Jul 17 2023 - 15:36
Insolvencies up 48% in first six months, with significant collapse in hospitality sector

Insolvencies up 48% in first six months, with significant collapse in hospitality sector

Construction companies and financial services groups also endured a difficult first half of the year, new data shows

Mon Jul 17 2023 - 13:07
Britain continues to ‘heavily rely’ on Ireland as exports rise 19%

Britain continues to ‘heavily rely’ on Ireland as exports rise 19%

Products which accounted for the largest share of exports were chemicals and related products, as well as live animals

Mon Jul 17 2023 - 12:55
World stocks make gains as investors grow optimistic on inflation data

World stocks make gains as investors grow optimistic on inflation data

Euronext Dublin finished the day in positive territory, capping a solid week

Fri Jul 14 2023 - 18:45
Take-up of industrial and distribution facilities in Dublin falls 30%

Take-up of industrial and distribution facilities in Dublin falls 30%

Activity in the sector in first six months level with 2022, which turned out to be the second strongest year on record

Fri Jul 14 2023 - 15:50
Competition watchdog to carry out full inquiry into Arrabawn-Aurivo deal

Competition watchdog to carry out full inquiry into Arrabawn-Aurivo deal

Competition and Consumer Protection Commission unable yet to sanction the deal between the two co-ops

Fri Jul 14 2023 - 13:11
Offices and workplaces gradually becoming busier, EY study finds

Offices and workplaces gradually becoming busier, EY study finds

For those working in a hybrid manner, one or two days of remote work per week is the most common arrangement

Fri Jul 14 2023 - 09:33
Global shares rise on the eve of US inflation data

Global shares rise on the eve of US inflation data

Insulation specialist Kingspan and a number of other big hitters drove index in Dublin up 2.2%

Tue Jul 11 2023 - 20:18
Kingspan shares soar as it predicts record first-half profits of €435m

Kingspan shares soar as it predicts record first-half profits of €435m

Analysts upgrade stock as insulation specialist said it expects matching performance in the second half of 2023

Tue Jul 11 2023 - 12:35
Commercial property activity slows to one of lowest levels on record

Commercial property activity slows to one of lowest levels on record

Sherry FitzGerald blames rising interest rates for near record lows in both volume and value of acquisitions

Mon Jul 10 2023 - 14:03
One in five 18-34 year olds acting to live sustainably, AIB survey finds

One in five 18-34 year olds acting to live sustainably, AIB survey finds

More than half of all respondents cite cost as the main barrier to change, figures show

Mon Jul 10 2023 - 10:21
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