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State’s enterprise policy to be revised in wake of huge tech layoffs

State’s enterprise policy to be revised in wake of huge tech layoffs

Swingeing job cuts at Meta, Twitter, Stripe and other companies have forced the Government’s hand

Thu Nov 10 2022 - 05:00
Meta to cut roughly 350 jobs in Ireland, Government told

Meta to cut roughly 350 jobs in Ireland, Government told

Social media company is laying off 11,000 employees from global workforce

Wed Nov 09 2022 - 20:05
US stocks fluctuate as markets mull midterm election results

US stocks fluctuate as markets mull midterm election results

Meta shares gain on Zuckerberg’s plan to shed 11,000 jobs globally

Wed Nov 09 2022 - 18:04
Starbucks shutters branch at former Anglo Irish Bank headquarters

Starbucks shutters branch at former Anglo Irish Bank headquarters

Coffee giant says it has no plans to further reduce Irish footprint despite reports about UK business

Tue Nov 08 2022 - 17:14
Government in dark over details of Twitter job losses, says Minister

Government in dark over details of Twitter job losses, says Minister

Damien English says company has not yet begun engagement with lawmakers after mass redundancy announcement

Tue Nov 08 2022 - 16:44
PTSB completes ‘transformational’ purchase of Ulster Bank mortgages

PTSB completes ‘transformational’ purchase of Ulster Bank mortgages

Overall deal for assets worth €6.8bn will see lender’s loan book grow by close to 50 per cent

Mon Nov 07 2022 - 08:30
Kingspan expects €830m full-year profit despite sales slowdown

Kingspan expects €830m full-year profit despite sales slowdown

But insulation giant warns of ‘lack of visibility’ beyond next few months against inflation backdrop

Mon Nov 07 2022 - 07:37
More than half of Twitter’s 500 Dublin staff to be axed in ‘random and indiscriminate’ culling

More than half of Twitter’s 500 Dublin staff to be axed in ‘random and indiscriminate’ culling

Workers shut out of offices and IT systems on Friday as new owner Elon Musk instigates global cost-cutting measures

Sat Nov 05 2022 - 00:15
Stripe enters 30-day consultation with staff over job cuts

Stripe enters 30-day consultation with staff over job cuts

Irish-founded fintech giant to cut 14% of its staff worldwide as the global downturn continues to hit the tech sector

Fri Nov 04 2022 - 17:15
Ulster Bank and KBC to press ahead with account closures despite concerns

Ulster Bank and KBC to press ahead with account closures despite concerns

Stakeholders have been urged to redouble efforts over coming months as accounts are frozen and closed

Fri Nov 04 2022 - 05:00
Drumshanbo Gunpowder Gin wins spirit of the year at US industry awards

Drumshanbo Gunpowder Gin wins spirit of the year at US industry awards

The Shed Distillery co-owner expects sales to grow 25% globally to 250,000 cases this year

Thu Nov 03 2022 - 16:14
Insurance giant Gallagher adds to Irish stable with Wexford broker Doyle Mahon

Insurance giant Gallagher adds to Irish stable with Wexford broker Doyle Mahon

Irish company will rebrand next week as Gallagher after takeover by US giant in June

Thu Nov 03 2022 - 15:05
Stripe plans to slash staff amid business slowdown

Stripe plans to slash staff amid business slowdown

Firm was ‘too optimistic’ about near term growth

Thu Nov 03 2022 - 14:25
Soaring utility bills push homeowners to improve energy efficiency

Soaring utility bills push homeowners to improve energy efficiency

‘Mountain has yet to be climbed’ if Ireland is to achieve ambitious climate targets, says BPFI

Thu Nov 03 2022 - 05:00
Central Bank could ‘take action’ to delay Ulster Bank and KBC Bank exits

Central Bank could ‘take action’ to delay Ulster Bank and KBC Bank exits

Governor Gabriel Makhlouf said the process has ‘left something to be desired’

Wed Nov 02 2022 - 13:38
Losses narrow to €6.4m at Norman Crowley’s Cool Planet group

Losses narrow to €6.4m at Norman Crowley’s Cool Planet group

Climate change-focused group 'lost a lot of money on Covid' but sees 'rapid growth' in 2022

Tue Nov 01 2022 - 16:00
Four in 10 businesses that received Covid supports have added jobs since 2020

Four in 10 businesses that received Covid supports have added jobs since 2020

Young workers least likely to remain in the same primary employment as pre-pandemic times, CSO figures show

Tue Nov 01 2022 - 14:32
Revenues at Mincon rise as order backlog improves

Revenues at Mincon rise as order backlog improves

Price increases boost profit margins at engineering group despite higher energy costs

Tue Nov 01 2022 - 12:31
Rescue plan sought for virtual training group Clarity Engagement Solutions

Rescue plan sought for virtual training group Clarity Engagement Solutions

Consultancy business one of the first to apply for protection under new lower cost Small Companies Administration Process

Mon Oct 17 2022 - 05:00
Chef Richard Corrigan serves up small profit as Covid rebound boosts revenue

Chef Richard Corrigan serves up small profit as Covid rebound boosts revenue

Restaurant owner says multifaceted inflation is impacting the business ‘enormously’

Fri Oct 14 2022 - 14:36
GE Healthcare unveils €30.5 million production line at Cork plant

GE Healthcare unveils €30.5 million production line at Cork plant

Expansion will increase production capacity at facility by 50% over three years

Fri Oct 14 2022 - 08:29
Siro makes €50m broadband investment in Dún Laoghaire-Rathdown

Siro makes €50m broadband investment in Dún Laoghaire-Rathdown

Operator aims to reach more than 70,000 homes and businesses in South Dublin and Dún Laoghaire-Rathdown

Fri Oct 14 2022 - 05:00
Aer Lingus-owner IAG shares surge on better-than-expected summer results

Aer Lingus-owner IAG shares surge on better-than-expected summer results

Group expects expects operating profit to be in the region of €1.2bn for three months to end of September

Thu Oct 13 2022 - 15:41
Novartis to cut up to 400 jobs at Dublin facility over two years

Novartis to cut up to 400 jobs at Dublin facility over two years

Pharma group has moved to new global structure in 2022 in a bid to cut costs

Thu Oct 13 2022 - 14:19
Fáilte Ireland lands events worth €10 million at Las Vegas trade show

Fáilte Ireland lands events worth €10 million at Las Vegas trade show

Figure brings to €127m the value of conferences the State agency has secured for coming five years

Thu Oct 13 2022 - 13:16
Irish inflation moderates to 8.2%, marking second consecutive monthly decline

Irish inflation moderates to 8.2%, marking second consecutive monthly decline

Headline Irish price growth fell in August for the first time in seven months

Thu Oct 13 2022 - 11:12
Stocks struggle amid UK bond market jitters

Stocks struggle amid UK bond market jitters

US stocks looked to snap a losing streak as investors await earnings and inflation data

Wed Oct 12 2022 - 18:52
United Airlines unveils daily seasonal service from Shannon to Chicago

United Airlines unveils daily seasonal service from Shannon to Chicago

Carrier previously operated a five-times weekly schedule between 2013 and 2017

Wed Oct 12 2022 - 16:12
Permission for Dublin’s tallest building refused by city council

Permission for Dublin’s tallest building refused by city council

Dublin City Council refuse planning permission for 24-storey scheme at City Quay as it would 'seriously detract' from surrounding area

Wed Oct 12 2022 - 15:51
Small firms with Ulster Bank or KBC accounts should ‘act without delay’ to switch banks

Small firms with Ulster Bank or KBC accounts should ‘act without delay’ to switch banks

Just 3% of the 292,996 accounts closed by exiting lenders by end of August were held by SME customers

Wed Oct 12 2022 - 14:21
September card spend figures paint ‘gloomy’ picture as consumers tighten belts

September card spend figures paint ‘gloomy’ picture as consumers tighten belts

Total spending value declined 8% from August

Wed Oct 12 2022 - 12:39
Irish restaurant sector on the brink as closures begin to bite

Irish restaurant sector on the brink as closures begin to bite

Experts say worst is yet to come with the end of Covid-era schemes in early 2023

Wed Oct 12 2022 - 05:00
Winklevoss twins launch crypto asset trading platform in Ireland

Winklevoss twins launch crypto asset trading platform in Ireland

Brothers are best known for suing Facebook founder Mark Zuckerberg

Wed Oct 12 2022 - 00:00
Almost two-thirds of Irish workers to ask for more money in next 12 months

Almost two-thirds of Irish workers to ask for more money in next 12 months

Young Irish workers less satisfied with their jobs than their older colleagues, PwC survey reveals

Tue Oct 11 2022 - 04:00
Musgrave swings to £1.8m loss in the North despite strong sales

Musgrave swings to £1.8m loss in the North despite strong sales

Company says operating loss included ‘once-off’ £2.7m investment to support environmental sustainability

Mon Oct 10 2022 - 12:32
Parcel Motel co-founder launches new pick-up locker service for pharmacies

Parcel Motel co-founder launches new pick-up locker service for pharmacies

Units will contain temperature-controlled compartments, ‘allowing medicine to be stored at optimal temperature’

Fri Oct 07 2022 - 05:00
Short-notice mortgage rate hikes may jeopardise house sales, brokers warn

Short-notice mortgage rate hikes may jeopardise house sales, brokers warn

Finance Ireland on Monday became the latest nonbank lender to raise variable and fixed rates for mortgage products

Thu Oct 06 2022 - 15:32
Conroy Gold confirms gold mineralisation deposits at Clontibret operation

Conroy Gold confirms gold mineralisation deposits at Clontibret operation

‘Results indicate potential for high tonnage and overall gold content,” said chairman Richard Conroy

Thu Oct 06 2022 - 12:45
Michelin-listed restaurant Circa shuts in Terenure after four years

Michelin-listed restaurant Circa shuts in Terenure after four years

Owners cite ‘seemingly constant price increases’ and staff shortages for decision to close doors

Thu Oct 06 2022 - 12:02
Origin Enterprises acquires UK ecology consultancy Keystone

Origin Enterprises acquires UK ecology consultancy Keystone

Shares in Irish agri-services group up more than 7% in past 12 months

Thu Oct 06 2022 - 10:49
Irish commercial property investment jumps 40% in first nine months of year

Irish commercial property investment jumps 40% in first nine months of year

‘Exceptional’ one-off sales drives market, with office and residential sectors attracting bulk of investor interest

Wed Oct 05 2022 - 14:00
Howden-owned Aston Lark snaps up Irish insurance broker Pembroke

Howden-owned Aston Lark snaps up Irish insurance broker Pembroke

Deal is UK-owned company's second acquisition in a month

Wed Oct 05 2022 - 13:54
Avolon completes executive reshuffle following founder’s departure

Avolon completes executive reshuffle following founder’s departure

After 12 years in the role, Dómhnal Slattery announced in July that he would stand down

Wed Oct 05 2022 - 13:02
Youth unemployment rises as headline rate steady

Youth unemployment rises as headline rate steady

Seasonally adjusted jobless rate down more than 1% from September 2021

Wed Oct 05 2022 - 12:06
Applegreen to sell M&S food products in five Irish forecourts

Applegreen to sell M&S food products in five Irish forecourts

Mountgorry in Swords, Co Dublin, will be the first location to stock the products from November

Wed Oct 05 2022 - 11:53
Tesco’s Irish sales fell in first half, with customers facing ‘tough time’ and ‘watching every penny’

Tesco’s Irish sales fell in first half, with customers facing ‘tough time’ and ‘watching every penny’

Operating profits at UK supermarket giant down 9.8% in first half to £1.3bn

Wed Oct 05 2022 - 08:20
Only 1% of mortgage holders likely to switch lenders despite potential savings

Only 1% of mortgage holders likely to switch lenders despite potential savings

Almost nine out of 10 customers would save average of €90 per month if they switched, says Daft

Wed Oct 05 2022 - 00:01
Shares extend gains as investors bet on softer rates action

Shares extend gains as investors bet on softer rates action

ISEQ index closed 5.5 per cent higher on Tuesday, outperforming its European peers by a margin

Tue Oct 04 2022 - 18:04
US likely to allow Poolbeg application to expand  intellectual property protection for influenza drug

US likely to allow Poolbeg application to expand intellectual property protection for influenza drug

Open Orphan spinout has applied for extra intellectual property protection for uses against other illnesses

Tue Oct 04 2022 - 16:16
Savills says ‘unrealistic’ National Planning Framework will entrench Dublin housing shortage

Savills says ‘unrealistic’ National Planning Framework will entrench Dublin housing shortage

Savills Ireland researchers criticise basing report on ‘desired growth patterns is flawed because they are unlikely to come to fruition’

Tue Oct 04 2022 - 05:00
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