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  • Greencore to Divest US Business in $1 Billion Deal Greencore Group, the Irish and UK convenience food business, has agreed to sell its entire US business to an affiliate of Hearthside Food Solutions for US$1.075 billion (£817 million) on a cash and debt-free basis. Hearthside is a major US contract food manufacturer with a heritage in US food industry outsourcing. The disposal will leave [...]...
  • Research and Innovation Critical to Business Success Post Brexit The Managing Director of the Industry Research and Development Group (IRDG) says increased investment in research and innovation by both the business sector and the State is critical in order for Irish businesses to survive the hard hitting impact of Brexit. Denis Hayes says despite budget 2019 proposals State expenditure on research and innovation will [...]...
  • Irish Distillers to Invest €150 Million in Sites in Cork and Dublin Irish Distillers has announced investment of over €150 million in its sites in Cork and Dublin to meet demand for its products as the Irish whiskey renaissance continues apace. This is accelerated by the continued growth of the company’s flagship Jameson brand, which is now in double or triple-digit growth in more than 80 markets [...]...
  • CM Precision Components Opens New Purpose-built Factory in Downpatrick Downpatrick-based CM Precision Components Ltd has officially opened its new 16,000 sq ft manufacturing facility at Invest Northern Ireland’s Killough Road Industrial Estate. The advanced engineering firm has invested almost £1 million in the construction project, to expand its production capabilities and meet the growing demands of its customers. CM Precision Components produces precision machined components for [...]...
  • Arkphire Secures New Investment IT solutions and networking company, Arkphire, has announced that Bregal Milestone, a private capital firm, has completed an investment into the business. The investment by Bregal Milestone comes from their new €400 million pan-European fund dedicated to investing in high-growth European companies. Typical commitments from Bregal Milestone range from €20 million to €60 million. Arkphire provides [...]...

Greencore to Divest US Business in $1 Billion Deal

  Greencore to Divest US Business in $1 Billion Deal

Greencore Group, the Irish and UK convenience food business, has agreed to sell its entire US business to an affiliate of Hearthside Food Solutions for US$1.075 billion (£817 million) on a cash and debt-free basis. Hearthside is a major US contract food manufacturer with a heritage in US food industry outsourcing. The disposal will leave […]

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Research and Innovation Critical to Business Success Post Brexit

  Research and Innovation Critical to Business Success Post Brexit

The Managing Director of the Industry Research and Development Group (IRDG) says increased investment in research and innovation by both the business sector and the State is critical in order for Irish businesses to survive the hard hitting impact of Brexit. Denis Hayes says despite budget 2019 proposals State expenditure on research and innovation will […]

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Irish Distillers to Invest €150 Million in Sites in Cork and Dublin

  Irish Distillers to Invest €150 Million in Sites in Cork and Dublin

Irish Distillers has announced investment of over €150 million in its sites in Cork and Dublin to meet demand for its products as the Irish whiskey renaissance continues apace. This is accelerated by the continued growth of the company’s flagship Jameson brand, which is now in double or triple-digit growth in more than 80 markets […]

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CM Precision Components Opens New Purpose-built Factory in Downpatrick

  CM Precision Components Opens New Purpose-built Factory in Downpatrick

Downpatrick-based CM Precision Components Ltd has officially opened its new 16,000 sq ft manufacturing facility at Invest Northern Ireland’s Killough Road Industrial Estate. The advanced engineering firm has invested almost £1 million in the construction project, to expand its production capabilities and meet the growing demands of its customers.

CM Precision Components produces precision machined components for […]

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Arkphire Secures New Investment

  Arkphire Secures New Investment

IT solutions and networking company, Arkphire, has announced that Bregal Milestone, a private capital firm, has completed an investment into the business. The investment by Bregal Milestone comes from their new €400 million pan-European fund dedicated to investing in high-growth European companies. Typical commitments from Bregal Milestone range from €20 million to €60 million.
Arkphire provides […]

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Government Investment in Research & Development Amounts to Over €750 Million in 2018

  Government Investment in Research & Development Amounts to Over €750 Million in 2018

The latest figures on Government investment in research and development (R&D), published by the Department of Business, Enterprise and Innovation, show that over €750 million is estimated to have been invested in R&D in 2018. The data in The Research and Development Budget 2017-2018 publication is compiled from a comprehensive survey of thirty Government Departments […]

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Smart Dublin in Partnership With Enterprise Ireland Award 21 New Innovation Contracts

  Smart Dublin in Partnership With Enterprise Ireland Award 21 New Innovation Contracts

Approximately €700,000 is to be awarded to companies under Enterprise Ireland’s Small Business Innovation Research (SBIR) initiative which will enable them explore innovative solutions to address challenges faced by Local Authorities. 21 companies have been awarded Phase One funding to progress the feasibility of their solutions. Phase One funding will allow each recipient to carry […]

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Tourism Industry Barometer Reflects Buoyant Year But Hints at Brexit Concerns

  Tourism Industry Barometer Reflects Buoyant Year But Hints at Brexit Concerns

Tourism performance throughout 2018 continues to be on a strong footing, according to the latest Fáilte Ireland Tourism Barometer. The survey of more than 500 tourism businesses around the country shows over half of the tourism industry is reporting their business to be up, with two thirds (64%) saying that tourism agency supports have been […]

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Glanbia to Acquire SlimFast For $350 Million

  Glanbia to Acquire SlimFast For $350 Million

Glanbia, the global nutrition group, has agreed to acquire SlimFast and other brands for $350 million from the owners KSF Holdings LLP and HNS Intermediate Corporation. SlimFast is a leading weight management and health & wellness brand family distributed primarily in the food, drug, mass and club (FDMC) channel in the US and UK. It […]

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78% of Irish SMEs Feel Confident About Borrowing as They Look to Expand in 2019

  78% of Irish SMEs Feel Confident About Borrowing as They Look to Expand in 2019

According to new SME research conducted by Bank of Ireland and Red C, 78% of Irish SMEs are confident in their ability to borrow if additional capital is required over the next twelve months, and almost one quarter (23%) already intend to borrow in the coming year. Just over one in three (34%) SMEs identified no […]

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Telecoms Giant Colt to Invest €15 Million in Dublin City

  Telecoms Giant Colt to Invest €15 Million in Dublin City

Colt Technology Services has announced that it will extend its Colt IQ Network in the greater Dublin area with an additional 150km of 100Gbps fibre, as part of a planned €15 million investment in Dublin over the next two years. The move is in anticipation of greater demand for digital infrastructure from multinational customers with presence […]

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Increased Funding For Business, Enterprise and Innovation

  Increased Funding For Business, Enterprise and Innovation

The Government has announced an increase in funding in Budget 2019 totalling €950.2m (+9.1%) for the Department of Business, Enterprise and Innovation. This allocation is €79.2m above the 2018 allocation of €871m for the Department and includes a record Capital budget increase of €65m (+11.7%) on the existing ceiling of €555m and an additional €14.2m (+4.5%) in Current funding.
Minister for Business, Enterprise and Innovation Heather Humphreys […]

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Irish Company is France’s Number One in Rooftop Solar

  Irish Company is France’s Number One in Rooftop Solar

Amarenco, the independent renewable energy power company that develops, builds and operates renewable energy power plants, has been announced as the number one company in the highly competitive 100kW-8MW rooftop solar segment in France, after winning 32MW in the latest French Regulatory buildings tender. Amarenco has approximately 400MW of large solar rooftop in development in France and […]

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Schrader Electronics Announces Multi-million Pound R&D Investment

  Schrader Electronics Announces Multi-million Pound R&D Investment

Schrader Electronics is investing over £14 million in Northern Ireland towards researching and developing products that address the increasingly complex engineering requirements of the automotive sector. Part of Sensata Group, Schrader specialises in manufacturing direct tyre pressure monitoring systems, a critical safety mechanism to warn motorists when a tyre is significantly underinflated.

Invest Northern Ireland has offered […]

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Lakeland Dairies and LacPatrick Dairies to Merge

  Lakeland Dairies and LacPatrick Dairies to Merge

Lakeland Dairies and LacPatrick Dairies have agreed to merge. The amalgamation of Lakeland and LacPatrick is a coming together of two dairy co-operatives on the island of Ireland to form a strong force in the global dairy industry. Both co-operatives are highly successful agrifood industry players with excellent manufacturing facilities and complementary strengths and advantages […]

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Kingspan Joins Science Based Targets Initiative to Reduce Greenhouse Gas Emissions

  Kingspan Joins Science Based Targets Initiative to Reduce Greenhouse Gas Emissions

Kingspan Group, a global leader in high performance insulation, building fabric, and solar integrated building envelopes, has joined over 370 companies worldwide in committing to the Science Based Targets Initiative (SBTi) to reduce greenhouse gas (GHG) emissions. The initiative is a partnership between the World Resource Institute, the World Wildlife Fund, CDP (formerly the Carbon […]

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HealthBeacon Opens New Production Facility

  HealthBeacon Opens New Production Facility

Irish digital health technology company HealthBeacon has officially opened its newly expanded Irish headquarters in Dublin 12. HealthBeacon has been on an upward trajectory since founding in 2014, with 2018 their busiest year yet.
Over the past four years the innovative Irish medtech company has experienced comprehensive market penetration within Ireland, witnessing in excess of 100% […]

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£30 Million Growth Loan Fund II Launched

  £30 Million Growth Loan Fund II Launched

Growth Loan Fund II, a £30 million fund to support SMEs in Northern Ireland with growth potential, has been launched by Invest Northern Ireland. The Fund is a successor to the Growth Loan Fund set up in 2012 which committed £55 million to more than 100 businesses.

Finance for the Growth Loan Fund II is being […]

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Increase in Numbers of Businesses Preparing For Brexit

  Increase in Numbers of Businesses Preparing For Brexit

The Government has welcomed survey findings that show 44% of businesses that are strongly impacted by Brexit have a plan in place, and urged those without a plan to urgently put one in place. With a sample size of 546 SMEs, the survey is the third in a series on the impact of Brexit on […]

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Fierce Competition in Irish Grocery Market

  Fierce Competition in Irish Grocery Market

The latest grocery market share figures from Kantar Worldpanel in Ireland, for the 12 weeks ending 9 September 2018, show growth of 2.6% among Irish supermarkets. This is the seventh consecutive period that all five of Ireland’s major grocers have recorded increased sales, the longest run since December 2017.
The summer heatwave continued to provide a […]

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HBAN’s MedTech Syndicate Leads €1.1 Million Investment in Ostoform

  HBAN’s MedTech Syndicate Leads €1.1 Million Investment in Ostoform

 HBAN (Halo Business Angel Network), the all-island organisation responsible for the promotion of business angel investment, and a joint initiative of Enterprise Ireland and InterTrade Ireland, has announces that its MedTech Syndicate has led a €1.1 million Series A funding round in medical device start-up, Ostoform. HBAN Angels contributed €280,000, with venture capital investor, SOSV, Enterprise […]

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Australian Healthcare Software Company Opens EMEA Base in Cork

  Australian Healthcare Software Company Opens EMEA Base in Cork

HealthKit, the global cloud-based healthcare management platform, has opened its EMEA office in Cork. HealthKit has grown to over 28,000 health practitioners across 75 different professions in 50 countries and is on track to realising 40,000 practitioners by year’s end.
Its new EMEA office will create 10 new high-level jobs in Cork over the next nine […]

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Ibec Publishes Latest Local Economic Indicators Report

  Ibec Publishes Latest Local Economic Indicators Report

Ibec, the group that represents Irish business, has launched Local Economic Indicators 2018: Doing Business Locally. The annual report measures data from across eight regions and in all 31 local authorities.
Local Economic Indicators 2018 is an evidenced-based report compiled from publicly available data. It provides insights for future policy planning in relation to eight categories: population, […]

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Affordable Housing Scheme Needed For First Time Buyers

  Affordable Housing Scheme Needed For First Time Buyers

The effects of the Central Bank Lending Rules are now clearly showing in Ireland’s property prices. Since the measures were tightened in January, inflation in the residential market has stabilised significantly, giving way to more sustainable property prices. In figures released today by DNG, Q3 2018 saw house second hand price inflation in Dublin of […]

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Irish Law Firm Matheson Opens New Cork Office

  Irish Law Firm Matheson Opens New Cork Office

Irish Law firm Matheson has established an office in Cork to support its continually growing domestic and international client base in the Munster region. The opening of the firm’s new Cork office will increase its physical proximity to its already significant range of multinational and domestic clients located in the Cork and wider Munster region […]

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Clayton Hotel Ballsbridge Unveils New Look After Major Refurbishment

  Clayton Hotel Ballsbridge Unveils New Look After Major Refurbishment

Clayton Hotel Ballsbridge has unveiled the final elements of a major refurbishment that sees the hotel provide an enhanced offering for guests. The hotel, which is owned and operated by Dalata Hotel Group and is already one of the Dublin’s leading hotels, took approximately 7 months and a €9 million refurbishment to complete. The renovation […]

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Eyekiller Secures First Bite of the Big Apple

  Eyekiller Secures First Bite of the Big Apple

County Down-based digital agency Eyekiller is expanding its team in Bangor and securing new business. Symphony Space, a Broadway performance venue in New York City, recently hired the company to design its website.
Eyekiller offers creative, development and digital marketing services that enable its clients to maximise the business potential of the internet. This US venture […]

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Economic Growth Revised Upward in 2018 and 2019

  Economic Growth Revised Upward in 2018 and 2019

Strong growth is likely to persist in the Irish economy through 2018 and 2019. This is indicated by rising private consumption, increases in taxation receipts and continued declines in unemployment rates. The ESRI’s latest Quarterly Economic Commentary states that GDP is expected to grow by 8.9 per cent in 2018, followed by 4.5 per cent growth in […]

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Dublin Housing Crisis Restricts Employers’ Ability to Recruit

  Dublin Housing Crisis Restricts Employers’ Ability to Recruit

New research commissioned by specialist regeneration and property developer U+I shows that Dublin’s housing crisis is seriously hampering business’ efforts to recruit and retain talent in the city. The Housing availability, recruitment and retention in Dublin research, conducted by market research company Behaviour & Attitudes*, surveyed over 100 senior hiring managers representing large national and international employers […]

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Kerry Group Opens First Plant in Moscow

  Kerry Group Opens First Plant in Moscow

Kerry Group, the global taste and nutrition company, has opened its first plant in Russia, in the Istra district of Moscow. The new production and warehouse complex occupies a site covering more than 7,000 square meters and employs over 50 people.  Production begins immediately with ingredients for the meat processing and snacks market. At full […]

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