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Demand drives almost ninefold increase in profit at Gannon Homes

Demand drives almost ninefold increase in profit at Gannon Homes

Revenues from developed asset sales topped €53m last year at Nama developer Gerry Gannon’s company

Tue Nov 15 2022 - 16:14
Maxol’s profits jump but ‘bumpy’ two years loom, says CEO

Maxol’s profits jump but ‘bumpy’ two years loom, says CEO

McMullan family-owned group pressing ahead with efforts to move core offering from fuel to convenience food

Tue Nov 15 2022 - 15:16
Cloud reliance heightens cyber risks for Irish businesses – PwC report

Cloud reliance heightens cyber risks for Irish businesses – PwC report

Majority of Irish executives say their organisation experienced a rise in cyber attacks since 2020

Tue Nov 15 2022 - 00:00
Shares in Arkle Resources dip after discounted share placing

Shares in Arkle Resources dip after discounted share placing

Zinc and gold explorer said funds will be used to drill at Stonepark venture in Limerick

Mon Nov 14 2022 - 12:51
PTSB to invest €25 million in former Ulster Bank branches

PTSB to invest €25 million in former Ulster Bank branches

Majority State-owned lender will open new branches in early 2023 after refurbishment

Mon Nov 14 2022 - 09:24
UK retailer Joules calls in administrators after struggling to secure funding

UK retailer Joules calls in administrators after struggling to secure funding

Fashion and homeware brand operates three stores in the Republic and two in Northern Ireland

Mon Nov 14 2022 - 08:47
Sale of Goodbody stake to AIB helped Fexco return to profit in 2021

Sale of Goodbody stake to AIB helped Fexco return to profit in 2021

Kerry-based financial services group restructured in 2021 after pandemic losses

Mon Nov 14 2022 - 07:55
Receiver appointed to troubled Cork tech company Altada

Receiver appointed to troubled Cork tech company Altada

The data management and artificial intelligence company led by husband and wife duo Allan Beechinor and Niamh Parker has had financial difficulties in recent times

Fri Nov 11 2022 - 19:37
Home price inflation cools despite surge of past year

Home price inflation cools despite surge of past year

Some 15,700 units were sold in third quarter, up 2.7% on the same period in 2021

Fri Nov 11 2022 - 05:00
Amazon to review unprofitable business units in cost-cutting push

Amazon to review unprofitable business units in cost-cutting push

Tech giant taking ‘current macro environment’ into account, says spokeswoman for Irish business

Thu Nov 10 2022 - 17:33
State will need to retain universal social charge, Paschal Donohoe says

State will need to retain universal social charge, Paschal Donohoe says

Irish income tax receipts are exposed to the wave of global tech sector job losses now underway

Thu Nov 10 2022 - 16:21
Bauer Media Audio agrees deal to buy Cork’s Red FM

Bauer Media Audio agrees deal to buy Cork’s Red FM

Acquisition is subject to regulatory approval from the Competition and Consumer Protection Commission

Thu Nov 10 2022 - 14:37
Government unveils new retrofit tax incentive for landlords

Government unveils new retrofit tax incentive for landlords

Scheme aimed at 'attracting and retaining' small-scale landlords, says Paschal Donohoe

Thu Nov 10 2022 - 13:07
Inflation surges again as utility bills soar

Inflation surges again as utility bills soar

Consumer prices have now risen by at least 5% for 13 consecutive months

Thu Nov 10 2022 - 11:26
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
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