Zurich Insurance announced that chief executive Martin Senn was stepping down, with chairman Tom de Swaan immediately taking temporary charge of the Swiss insurer.
After ten years with Zurich, six of which as CEO, Martin Senn has decided to step down by mutual agreement with the Board of Directors. He will leave the company at the […]
Zurich Insurance announced that chief executive Martin Senn was stepping down, with chairman Tom de Swaan immediately taking temporary charge of the Swiss insurer.
A leading worldwide private aircraft charter operator is establishing a base in Co Clare.
Athens-based GainJet Aviation has begun the process of establishing its new Irish operation within Shannon Group’s International Aviation Services Centre (IASC).
The IASC is the business unit within Shannon Group plc, established in 2014, tasked with building on the already well-established aviation cluster […]
Valmet Automotive and Mercedes-Benz have announced that Valmet Automotive will start manufacturing additional units of the Mercedes-Benz GLC SUV at the Uusikaupunki, Finland plant. Valmet Automotive starts the preparation of the project immediately. The main production site of the GLC is the Mercedes-Benz plant in Bremen, Germany, which already runs at full capacity.
The manufacturing of […]
Bakery equipment specialist Dowson Food Machinery is relocating to a new factory in Keighley, West Yorkshire, which will enable the company to expand manufacturing capability for its UK and global customers.
The move will be completed by early December and will enable Dowson, which previously had two separate sites in Bingley, to incorporate all of its […]
Volkswagen will have to recall 2.46 million cars fitted with the illegal emission control software in Germany alone, newspaper Die Welt reported on Monday.
Without saying what its sources are, the newspaper said that 1.54 million German Volkswagen-branded cars needed to be fixed, as well as 531,813 of the Audi brand, another 286,970 at Skoda and […]
ARYZTA , the global food business with a leadership position in speciality bakery has reported a 6.1% increase in group revenue to €995m for the first quarter of its financial year, ending October 31.
The revenue was boosted by acquisitions of UK-based flatbread company Honeytop and Madistone Bakeries in Canada in 2010/2011, which negated the impact […]
Origin Enterprises has reported a slower start to the 2016 financial year for the seasonally quiet first quarter, but the Group still expects to achieve full year adjusted diluted earnings per share of
between 51 cent and 53 cent.
The food and agri-services company said that the slower performance is mainly due to delayed new season activitiy on […]
Enterprise Ireland has ranked third in the world for its seed investment activity, following San Francisco-based SV Angel and french Kima Ventures.
A new global ranking by PitchBook, a leading Venture Capital and Private Equity Investment Platform, has put Enterprise Ireland at number 3 in terms of Top VC investors in global seed funding rounds since […]
NTR plc reported a profit of €72.6 million for the first half of the 2016 financial year as part of its final results announcement prior to a demerger of the Group, which take place yesterday.
The profit is principally due to the gain achieved on the sale of the assets of Wind Capital Group completed in […]
Tesco will pay $12m to settle legal action by US shareholders which claimed last year that accounting irregularities inflated the supermarket’s share price.
Tesco PLC today announces that it has reached agreement in principle to settle a class action commenced in New York on behalf of the holders of the Company’s American Depositary Receipts, which represent approximately […]
Ryanair held on 25th November its annual European Works Council meeting in Dublin where it announced that it had concluded 5 year pay agreements with all 76 of its pilot bases across Europe, and has now commenced a similar process with its cabin crew, after its 2 largest bases at Dublin and London Stansted airports […]
Penney’s has opened its second US store in Philadelphia, under the brand name Primark.
The store, located at the King of Prussia Mall in Philadelphia, Pennsylvania follows the opening of its Boston flagship outlet in September.
The new store was opened by Irish Ambassador to the US, Dr Anne Anderson. The spacious store includes 93 fitting rooms, 58 cash […]
Eir – formerly Eircom – posted a second consecutive quarter of revenue growth and a third consecutive quarter of EBITDA growth in the first quarter of its financial year.
The company has been struggling in a highly competitive market in recent times but the figures will cheer management after a high-profile rebrand.
Revenue in the quarter of […]
Leading Irish law firm William Fry has announced it is opening an office in San Francisco in 2016. This move is a direct result of the Firm’s robust growth in recent years and William Fry’s ongoing commitment to the needs of its international clients.
William Fry has worked for many years with US and multinational companies […]
London-headquartered Deliveroo, the on-demand restaurant delivery service, said on Tuesday that it has raised $100 million to fund further expansion in new markets, and is expanding its Irish offering to Galway.
Deliveroo, which launched in London in 2013, also said on Tuesday that it has expanded into Galway city today, its third Irish hub, following an […]
Galway-based medtech company Aerogen has announced it plans to create 20 jobs in 2016.
Aerogen just recently won the 2015 Zenith Award for respiratory care excellence. They were nominated for the award by the American Association of Respiratory Care (AARC) who decided that the Irish company were worthy of being winners for the second time in three […]
Team Horizon, the global life-science services firm, has expanded its global footprint with the announcement of a new office in Philadelphia.
Founded in Westport, the company’s core expertise is in high demand in North America with an established client base in Texas, North Carolina and Canada. By the second half of next year, the company plans […]
French investment firm Eurazeo has said that it plans to pay up to €335m to buy 90 percent of Irish group Fintrax, a provider of VAT refunds for tourists.
Eurazeo will pay €300m at the closing of the deal, based on an enterprise value of €550m, with a further €35m payable based upon 2016 performance, Eurazeo […]
Voxpro and Bon Secours hospital are expected to make two big job announcements today in Cork.
Voxpro has been in business for 15 years and was set up by husband and wife team Dan and Linda Kiely with just six staff members, it now has just under 1,000 with more plans of expansion.
The company has experienced massive […]
Pfizer is in talks to acquire Allergan in a $370 to $380 deal for each Allergan share, the global drug industry’s largest ever.
While negotiations have made progress in recent days, an agreement is not imminent and its timing remains uncertain following the Treasury’s disclosure that it would seek to tighten the rules on inversions.
The development throws […]
According to the Irish Times, Ireland’s biggest telecoms group Eir is in talks to acquire television broadcaster Setanta Sports. Once the a deal gets regulatory approval the deal is likely to be completed in 2016.
Majority shareholder and co-founder of Setanta Sports, Mickey O’Rourke will remain with the TV broadcaster for a period after the deal is finalised. BT, which has a […]
Alternative Heat is to create 23 new jobs with the expansion of its manufacturing facilities in Castlewellan, Co Down.
Alternative Heat, a renewable energy heating company, has been based in the town since 2003 and specialises in the design, supply, installation, commissioning and service of renewable heating systems for domestic, commercial and industrial applications.
The company distributes throughout […]
Dublin-based Davra, an internet of things (IoT) company has secured significant funding from AIB resulting in 15 jobs for Ireland.
Davra received the funding from a variety of investors through the AIB Seed Capital Fund, with The Irish Times reporting that a combination of Delta Partners and Investec Ventures were included in the deal.
“We’re helping customers connect […]
Crown, one of the world’s largest material handling companies, further expands its European warehouse product range by launching its new RT 4000 Series at LOGISTICA 2015 in Utrecht, Netherlands.
The new rider pallet trucks are available as stand-up or sit-down models, both designed to help optimise operator performance and safety. Capable of travelling at up to […]
The 15th Export Industry Awards was held at the Convention Centre in Dublin
The Irish Exporters Association recently held the 15th Export Industry Awards which attracted 500 guests and recognised companies throughout the country leading the way in exports.
The “Oscars of the export industry” attracted the likes of Tom Hayes T.D., Minister of State for the Department […]
Barry Dillon, regional sales director, Ireland, Middle East and Nordic regions, ShoreTel; David Lang, sales director, Phone Pulse; Michael Devitt, IT director, William Fry
ShoreTel, a leading provider of IP phone systems and unified communications solutions, and Phone Pulse, the Irish IP telephony specialist, today announce a deal worth €290,000 with Irish legal firm William Fry.
Alternative Heat has today announced the creation of 23 manufacturing jobs at it’s plant located in Northern Ireland.
The company specialises in the design, supply, installation, commissioning and service of renewable heating systems for domestic, commercial and industrial applications throughout the UK and Ireland and now have plans for expansion.
Connell McMullen, MD of Alternative Heat, said: “We have […]
Digital Realty is to spend €150m on expanding its data centre at Profile Park in west Dublin. The expansion will double the size of its existing 10,000 square foot facility.
Last year, the company announced that Profile Park would see a total investment of €150m into the data centre campus. The project for the entire facility could employ […]
Chinese ICT company Huawei is to open a new research and development office at the IFSC in Dublin, which is expected to hire up to 50 people by next year.
Huawei currently has 120 employees working in research and development in Ireland.
The move is part of the company’s investment in research and development in Ireland. Huawei has invested €35m in the […]
Swiss bank, Credit Suisse, is on course to become the first international bank to set up a major trading floor in Dublin.
The Swiss bank wants to move 40 traders and 60 support staff to Ireland as part of a cost-cutting drive. The move will create one of the biggest trading floors in Dublin, a city which […]
Glanbia has announced that it has acquired ThinkThin, a US firm that specialises in protein bars, for $217 million.
ThinkThin will become part of Glanbia’s Performance Nutrition division once the deal is finalised, which is anticipated to be completed prior to the end of the 2015 financial year.
Glanbia has become increasingly focused on ingredients and nutrition in recent years, […]
The Roche facility in Clarecastle, Ennis, Co. Clare
Pharmaceuticals company Roche is pulling out of four of its facilities worlwide, including its site in Clare, with 240 jobs set to go unless a replacement firm is found.
The company’s Clarecastle site has 240 employees who are now at risk of losing their jobs, with the company looking […]
DataCentres Ireland returned to the RDS this week for its fourth year.
Industry and Business Magazine were a media sponsor which meant we got the opportunity to chat with innovative exhibitors and expert speakers.
The event, which was held in the Industries Hall, had a great buzz right from the set-up. Exhibitors packed up their pull-up posters […]
Irish aircraft leasing firm Avolon saw profits rise 33 percent to $58m in the third quarter of the year as the company benefited from a mix of lease revenue and jet sales.
Avolon is currently in the process of being sold to China’s Bohai Leasing in a deal that places a $7.6bn enterprise value on the […]
The Pratt family behind the Avoca chain of luxury retail outlets and cafés have agreed to sell US catering group Aramark for a price rumoured to be upwards of €60 million.
Aramark plan to “internationalise” the brand which raises the prospect of eventual expansion into the US market.
The deal is subject to approval from the Competition and […]
The American engineering group Caterpillar is to cut 100 permanent and agency jobs in it’s Northern Ireland plant.
This news comes after two other manufacturers; Schrader Electronics and Invista also announced job cuts of 90 employees combined. Michelin located in Ballymena, Co. Antrim has also said it intends to wind down its truck tyre factory with the […]
Pictured are Brian Motherway, CEO, SEAI and Lisa Jackson, vice president of Environment, Policy and Social Initiatives, Apple
Apple has committed a €1 million fund to promote the development of ocean energy in Ireland.
The fund will help developers who receive a Sustainable Energy Authority of Ireland (SEAI) grant to test their ocean energy prototypes in the Galway Bay Ocean Energy […]
The world’s two largest brewers have agreed a £71bn tie-up, creating a new global drinks giant. The move came after AB InBev secured a $12bn spin-off deal that will see Molson Coors, buy out SABMiller’s stake in their US joint venture MillerCoors.
To gain regulatory approval, Molson Coors Brewing Co. will acquire SABMiller’s 58 percent stake in MillerCoors […]
The Taoiseach, the Minister for Jobs, Enterprise and Innovation and IDA Ireland, the foreign direct investment agency of the Irish Government, welcome today’s significant announcement that Apple will be expanding its campus in Hollyhill, Co.Cork and adding a new building that will provide new office space and room for 1,000 additional employees by mid-2017.
Apple’s presence continues to […]
Indeed, the world’s leading job site, today announced expansion plans for its Dublin-based headquarters for Europe, the Middle East and Africa (EMEA), adding 300 new employees in the next two years. The company has already started recruiting for sales, client services, business development, marketing, finance and operations roles, which will help companies across EMEA to […]
AvantCard, one of Ireland largest credit card company is to cut nearly a quarter of it’s workforce at it’s Carrick-on-Shannon office in Co. Leitrim.
The company has struggled to attract new customers due to changing trends, new technologies and more people carrying out financial transactions online.
In a statement the company said: “Like many other employers, we regularly […]
Shareholders in Tullow Oil received a considerable boost today as Maersk Oil ventured into the world of East African oil through a partial acquisition of drilling licenses in the region.
Tullow’s shares climbed yesterday after its partner, Africa Oil, sold 50 per cent of its holdings to a setof oil fields in Kenya and Ethiopia to Maersk for […]
As part of a €28m investment, Viridian Group, is to create 35 IT jobs over the next three years in its Belfast office.
Viridian, the parent company of Energia, says that it is looking to hire IT professionals for a variety of roles including project managers, technical analysts and business analysts.
The company operates in Northern Ireland […]
Blueacre Technology are specialists in the field of laser marking and engraving.
Dundalk-based Blueacre Technology has secured a role in a €4.5m EU research project developing next-generation surgical devices with eight other companies from Europe.
Openmind is the name of a new EU-funded project aiming to create an actual supply chain of customised medtech devices. This results in […]
KSG caters 12 million meals annually
The Hogan family, which owns 50 percent of catering services company Kylemore Services Group (KSG), has made a €6.54m offer to Irish distribution group DCC to acquire its 50 percent shareholding in the group.
KSG chief executive Brian Hogan said: “As a shareholder in KSG since 1999, DCC has provided excellent […]
Kingspan, the building materials firm, has reported sales of €2 billion for the first nine months of the year. The sales are up 44 percent on the same time last year.
In an interim management statement, Kingspan said the figure was boosted by the contributions of recent acquisitions, while movement on the currency markets also provided […]
Kennedy Wilson, the US property investment group, has acquired four offices in Dublin for €24.9 million.
Kennedy Wilson acquired Bank of Ireland’s real-estate business in 2011. The company said it had bought the offices from an unnamed British bank and from the National Asset Management Agency (Nama).
The four offices total 72,200 sq ft with a capital value per […]
Virgin Media said its total number of subscribers in Ireland reached 1.1 million at the end of the third quarter, adding new broadband and phone subscribers during the three-month period.
The company, which rebranded last month from UPC to Virgin Media, said it added 12,200 new service subscriptions for its broadband services and more than 21,000 […]
Software company IBM has announced Dublin and Hursley as two new bases for its ‘studio’ project.
The studio consists of designers, strategists and coders to develop products and digital marketing services around cloud, analytics, and IBM’s supercomputer- Watson.
Both Dublin’s and Hursley’s studio will focus on designing IBM products and user experiences around Watson, security, collaboration and IoT.
Affidea, a Diagnostic healthcare provider, is to create 100 jobs over the next 18 months as part of a new €15 million investment.
The company, which was previously known as Euromedic, said the new positions will be a mix of clinical and administrative roles.
Affidea, which announced its rebrand on Thursday, entered the Irish market in March 2007 with […]
Dealz, the discount retailer, is to create 400 new jobs as part of a new €6 million investment in Ireland.
The company, which has just opened its 50th store in the country, currently employs more than 1,500 people in the Republic and will be creating a further 200 temporary positions over the holiday period.
Dealz opened its first […]
The Clarion which is on sale for €3.5m is the tallest hotel in Ireland
The Clarion Hotel Limerick has been put up for sale by its receiver Kieran Wallace of KPMG with a guide price of over €3.5m.
Savills, which is handling the deal, said the hotel is being offered for sale by private treaty with the […]
Martin Shanahan, CEO of IDA Ireland that just announced 320 new jobs by six of their Ireland client companies
Good news today with the creation of 320 new jobs for Dublin by six North American high growth companies.
The new jobs will be spread across a number of sectors such as Technology and Business Services. All companies […]
Almac’s headquarters are in Craigavon, Co. Armagh and it has operations in the US, Singapore and Tokyo
Pharmaceutical giant, Almac has bought out Arran Chemicals, a privately-owned company based in Athlone.
The Northern Ireland company currently employs 57 people, and the move increases Almac’s global workforce to more than 4,000.
Almac says it will invest in the Roscommon plant […]
Allergan’s revenue has almost doubled as demand for the company’s branded pharmaceuticals and medical-aesthetics products soared.
Shares in the Dublin- based company are up 21% this year and results in its latest quarter easily topped analysts’ expectations.
Allergan, which makes Botox, recently confirmed it has been approached by Pfizer. Allergan would give Pfizer, whose revenues are expected to slide 3.3% […]
Medtronic employs 4,000 people across Ireland
Medtronic, a medical device company, is closing its customer care centre in Dublin, creating a major doubt over the 175 jobs there.
Staff at the company were understood to have been told yesterday that the company’s customer care centre was likely to be shut by next June, according to the Communications […]
Glanbia’s Global Performance Nutrition division saw revenues rising by 3.8 percent
Glanbia is in advanced discussions about a $140m project to expand cheese and whey production at its New Mexico plant.
The expansion,with its joint venture partner South West Cheese, will take two years and will boost production capacity by 25 percent.
Glanbia said it is experiencing a surge […]
The Russian news organisation RT (Russia Today) will open a digital hub in Dublin.
The hub, a first for RT, which is owned by the Russian state, will create news content for its website.
Nine journalists have been hired to work for RT’s digital hub It will be led by Ivor Crotty, head of social at RT. […]