Industry & Business

Company News

Tesco’s sales grow for first time in two years

    Tesco’s sales grow for first time in two years

Tesco has seen sales at its Irish supermarkets grow for the first time in more than two years although the increase is modest at best despite back to school shoppers pouring through its doors.
The latest supermarket share figures from Kantar Worldpanel covering the 12 weeks to the middle of September show a year-on-year growth in […]

Read Full Article

Over 200 delegates attend PharmaChemical Ireland Conference in Cork

At the PharmaChemical Ireland Conference at the Radisson Blu Hotel, Cork were L to R., Colin Murphy MD, Industry and Business Magazine and Matt Moran, Director, PharmaChemical Ireland. Picture, Tony O’Connell Photography.
Minister at State, Sean Sherlock TD opened the fifth PharmaChemical Ireland (PCI), Parenteral Drugs Association (PDA), International Pharmaceutical Engineers (ISPE) Conference in the Radisson […]

Read Full Article

Aryzta to sell last of stock in agri-services group Origin

    Aryzta to sell last of stock in agri-services group Origin

Aryzta has announced plans to sell its remaining stock in Irish agri-services group Origin Enterprises.
The Swiss-based food group said it will sell more than 36 million shares in Origin, representing some 29 per cent of the company’s existing share capital.
Davy and Goodbody are seeking investors for the stake, worth around €250 million, a process likely to […]

Read Full Article

Digicel ready for $400m acquisition spree

    Digicel ready for $400m acquisition spree

Directors of Digicel have told investors it is prepared to spend $400 million on up to 15 acquisitions as the group pivots away from being a pure mobile operator and expands into cable television, high-speed fibre and corporate services.

Denis O’Brien, the company’s chairman, Colm Delves, its chief executive, and chief financial officer Laurence Hickey outlined […]

Read Full Article

Jobs growth at risk as firms face year-long wait for Irish offices

    Jobs growth at risk as firms face year-long wait for Irish offices

Around 70pc of the take-up of office space in the first half of the year was dominated by international technology firms, according to joint research from the Economic and Social Research Institute (ESRI) and commercial property giants Jones Lang Lasalle.
And they’re warning that available office space in Dublin city centre is limited.
“We have seen a […]

Read Full Article

Applegreen’s half yearly revenues up 16%

    Applegreen’s half yearly revenues up 16%

Today’s results are the company’s first as a stock listed firm.
The company said its like-for-like profit margin on fuel was 3% lower over the first six months of the year than in the same period of 2014 as the benefit of falling input prices was offset by dollar strength – crude oil is traded in […]

Read Full Article

US pharma giant looks at selling Irish plant

    US pharma giant looks at selling Irish plant

The biggest drug manufacturer in India in terms of revenue is trying to control costs that have spiralled since it bought rival firm Ranbaxy Laboratories for $4bn in an all-share deal in March. About a month ago Sun Pharma managing director, Dilip Shanghvi, inset, said that the firm would divest non-strategic businesses with little or […]

Read Full Article

Sales of Kerrygold products expected to grow 30% in US this year

    Sales of Kerrygold products expected to grow 30% in US this year

Ornua, which was formerly known as the Irish Dairy Board, has reported that sales of its Kerrygold butter and cheese products and on track to grow by nearly 30 per cent in the US this year.
Kerrygold butter has reached the number three position in the US market, climbing from fifth place last year, with butter […]

Read Full Article

Ward Solutions invests €1.2m in Dublin operations centre

    Ward Solutions invests €1.2m in Dublin operations centre

Ward Solutions has invested €1.2 million in an operations centre aimed at expanding its managed information security services offering to customers throughout Ireland, with a launch in Britain planned for 2017.
To house the facility, the company acquired a new 5,000sq ft building at Citywest in Dublin, adjacent to its current offices. The security operations centre […]

Read Full Article

IAG buyout of Aer Lingus makes €12m for activist investor

    IAG buyout of Aer Lingus makes €12m for activist investor

The investment firm revealed the profit yesterday. Crystal Amber only acquired its 2.8pc Aer Lingus stake in summer last year. It was the single biggest institutional shareholder in the airline.

It’s believed that Crystal Amber established its position in Aer Lingus after buying some shares sold by businessman Denis O’Brien.

Crystal Amber, which is headquartered in Guernsey […]

Read Full Article

Diageo to unveil Oliver Loomes as new Irish country director

    Diageo to unveil Oliver Loomes as new Irish country director

Diageo is expected to name Oliver Loomes as its new country director of Ireland later this morning in place of David Smith, who has held the position since July 2011.
Mr Loomes has been with Diageo for 16 years and led the Guinness 250th celebration in 2009 in Ireland and the inaugural Arthur’s Day campaign the […]

Read Full Article

Paddy Power and Betfair merger company to be Dublin based

    Paddy Power and Betfair merger company to be Dublin based

The €2 billion-a-year gambling giant formed by the merger of Irish bookie Paddy Power and London-listed betting exchange Betfair will be based in the Republic.
The companies announced last month that they planed to merge to create one of the world’s biggest gambling groups, with annual revenues between €1.5 billion and €2 billion and a stock […]

Read Full Article

Survey: Facebook still dominant in higher education

    Survey: Facebook still dominant in higher education

Dublin, 08 September 2015:  TERMINALFOUR, the digital marketing and web content management platform for higher education, today announced results of its Global Higher Education Survey. The results revealed insights into the social media priorities of higher education with 71% believing that Facebook is the social media platform most responsible for driving conversion on the website.
The […]

Read Full Article

Paddy Power shareholders to receive €80m special dividend

    Paddy Power shareholders to receive €80m special dividend

Irish bookmaker Paddy Power has agreed the terms of its proposed merger with UK gaming company Betfair, paving the way for the creation of one of the world’s largest public online betting and gaming companies with revenues of more than €1.5bn.
Paddy Power shareholders will take a 52 per cent in Paddy Power Betfair, as the […]

Read Full Article

Tesco agrees £4.2bn deal to offload South Korean operation Homeplus

    Tesco agrees £4.2bn deal to offload South Korean operation Homeplus

Tesco has agreed to sell its South Korean business Homeplus in a £4.2 billion deal in the latest phase of the supermarket group’s turnaround plan.
The business, which operates more than 1,000 stores, has been snapped up by a consortium of investors led by Korean private equity firm MBK Partners and including Canadian pension funds and […]

Read Full Article

Musgrave’s €57m sale of GB business gets competition approval

    Musgrave’s €57m sale of GB business gets competition approval

It marks the end of a more than decade-long failed assault on the market, with Musgrave now largely concentrating on its domestic business that includes the SuperValu and Centra brands.

Musgrave announced in May that it had agreed to sell its Budgens and Londis business in Britain to UK retail and wholesale group Booker.

The €57m price […]

Read Full Article

UK’s 2GW Eggborough power station may close in March 2016

    UK’s 2GW Eggborough power station may close in March 2016

Eggborough Power (EPL) intends to shutdown its 2GW coal-fired power facility in North Yorkshire, UK, by March 2016.
This decision is due to the firm’s unsustainable financial position. High carbon tax, low wholesale power prices, and other market and regulatory conditions have also affected its finances.
Closure of the Eggborough power station, which has the capacity to […]

Read Full Article

US pharma services firm Tech Group eyes significant Dublin expansion

    US pharma services firm Tech Group eyes significant Dublin expansion

Dublin could be in line for another jobs boost with a planned multi-million euro expansion of a US-owned pharma outsourcing firm, the Irish Independent has learned.

Tech Group is part of Pennsylvania-based West Pharmaceutical Services.

Tech Group already has a significant operation in Mulhuddart, Dublin, where operations include the manufacture of injectable devices for diabetes patients.

It announced […]

Read Full Article

Former Donegal Creameries sees slight revenue decline

    Former Donegal Creameries sees slight revenue decline

Donegal Investment Group has reported revenues which were down €500,000 in the first six months of the year as a rise in turnover in its speciality dairy division offset by the cessation of ware potato trading.
The Dublin-listed group, which rebranded from Donegal Creameries in 2013, said revenues fell from €39,161 to €39,065 in the six […]

Read Full Article

Eircom back in black, confirms rebrand as Q4 revenues surge 5pc to €325m

    Eircom back in black, confirms rebrand as Q4 revenues surge 5pc to €325m

Quad play player Eircom has reported its first year-on-year growth in seven years with revenues up 5pc to €325m. The company plans to rebrand for the first time in 16 years to reflect its growing ambitions as a fibre broadband player that will reach 1.9m homes by 2020.
Eircom reported this morning that operating costs were […]

Read Full Article

AirSpeed Telecom signs €250,000 deal with William Fry

    AirSpeed Telecom signs €250,000 deal with William Fry

AirSpeed Telecom has signed a three-year deal worth €250,000 with law firm William Fry.
Headquartered in Dublin, William Fry completed one of the largest office relocations in the capital in recent months, moving over 420 staff from Fitzwilton House to its new premises in Grand Canal Square.
AirSpeed Telecom successfully deployed a temporary network, connecting the old […]

Read Full Article

APC announce 50 new jobs in Cork

    APC announce 50 new jobs in Cork

The company say that the new jobs have arisen largely from its ability to attract new industrial partnerships that were leveraged from Science Foundation Ireland funding.
Speaking at the announcement of the new jobs, Minister for Agriculture, Food, the Marine and Defence Simon Coveney praised APC for its ability to provide new jobs.
“Government policy is directed […]

Read Full Article

400 jobs on the way as Deloitte says it’s hiring

    400 jobs on the way as Deloitte says it’s hiring

UP TO 400 jobs are on the way for Dublin, Cork and Limerick, as the world’s largest consulting business, Deloitte announces it’s hiring.
The company is immediately recruiting to fill 100 jobs, with a further 300 coming down the line over the next four years.
It is looking to fill positions in areas such as:
Big Data analytics
Digital […]

Read Full Article

Eircom gives digital boost to 10 firms with €100,000 awarded under scheme

    Eircom gives digital boost to 10 firms with €100,000 awarded under scheme

The initiative aims to offer help in business mobility, digital training, sales, marketing and business productivity for companies within the SME community.
The Little Milk Company, based in Dungarvan, Co Waterford, was one of the businesses to benefit from the scheme.
It was awarded over €10,600 in digital solutions which saw staff receive a Google Export Markets […]

Read Full Article





New Subscriber





Subscribe Here



Advertisements
































National Manufacturing Conference & Exhibition 2016

NIBRT Springboard Success Stories



Upcoming Events

  • No upcoming events
AEC v1.0.4