Limerick brothers John and Patrick Collison are founders of Stripe
The two founders of Stripe, brothers John and Patrick Collison, were named as the EY Entrepreneur of the year in Dublin last night.
Over 1,500 business leaders from throughout Ireland and the world were in attendance at the awards event.
The competition’s 24 finalists collectively employ over 5,000 people […]
Limerick brothers John and Patrick Collison are founders of Stripe
The Carechoice facility Malahide Road Dublin
Carechoice, a retirement and nursing home group, is to create 200 jobs with the opening of a new purpose-built 165-room facility in north Dublin .
The company already employs 400 people and operates five homes across Cork and Waterford that provide care for approximately 338 residents.
Carechoice’s new facility is based on the […]
Pernod Ricard, the French spirits group expects it’s sales to gradually improve this year in its main markets of Europe and the US.
The group, which is the second biggest in the world, said that although their sales in Europe and the US is looking promising, its China sales have fallen 9% in the last three […]
Plans for GRIFOLS International Logistics Centre – Grange Castle Business Park, Dublin (Stewart Building)
Global Healthcare Company Grifols is to Create 140 Jobs with $100 Million Investment.
Grifols is the world’s third-largest plasma product manufacturer. It is a pioneer in the research and development of therapeutic alternatives designed to contribute to both scientific and social development.
The healthcare […]
Steven Kavanagh, Aer Lingus chief executive confirmed that talks have begun with Ryanair, as Aer Lingus looks to expand it’s network.
Mr Kavanagh went on to say that “Those are commercial discussions and if we get the right price in terms of the capacity from Ryanair, then we’d be very interested in doing business,” said […]
iNua Hospitality has expanded its hotel portfolio with the €7.25m purchase of the four-star Hibernian Hotel in Kilkenny
The deal boosts iNua’s asset portfolio to four properties, following its purchases of the Radisson Blu hotels in Cork and Limerick in 2014 and the acquisition of the Muckross Park Hotel in Killarney at the turn of the […]
The coffee giant is planning to break the norm at it’s new store in London. The store near Covent Garden will be a new Star Reserve store which will cater to a more discerning customer.
Rhys Iley, vice president of Starbucks’ operations for Europe, Middle East and Africa, said “London is the most competitive espresso market […]
The long-established, Bandon Co-op is to create 50 news jobs, the Minister for Agriculture, Simon Coveney has announced.
Visiting the co-op’s recently acquired feed mill in Kinsale, Co. Cork, Minister Coveney said that Bandon co-op has a very long and proud tradition in West Cork.
“Founded in 1903, it was one of the first co-ops to be […]
Clavis Insight has secured a $20 million growth equity investment, which it will use to accelerate international growth and create more jobs.
The Irish company is a provider of ecommerce store analytics to consumer goods companies,
It’s the biggest investment to date for the company which was founded in Dublin in 2008, and has since expanded to […]
Fujitsu Ireland is looking to recruit 35 new employees over the next six months at its offices in Swords, Co Dublin.
The IT solutions provider already filled 30 roles earlier this year in Ireland and has a workforce here of around 350.
The new jobs cover a variety of technical and business roles including project management, Java […]
International Business Machines last night posted a bigger-than-expected drop in revenue and cut its full-year profit forecast.
This comes after a stronger US dollar accentuated weakness in demand from China and emerging markets.
It is the 14th quarter in a row that IBM has posted a reduction in revenue.
The world’s largest technology services company is in the […]
Carlow Craft Brewery, is looking to tap wealthy clients of Dublin stockbroking firms to raise up to €2.5 million for a new brewhouse under a tax-efficient business expansion scheme.
The company, which is behind the O’Hara’s range of craft beers, is looking to raise funds under the State’s employment and investment incentive scheme.
The cash raised will be […]
Cork company Accuflow have announced a €1m investment with the creation of 30 new jobs.
Accuflow is a global manufacturer of wireless technology and hopes to transform home energy bills through a new home heating controls product called Smartzone which they say will save consumers an average of €300 a year.
The Togher based company, which has offices in Britain, Italy […]
CCB Leasing International (CCBLI) today announced the establishment of its international headquarters in Ireland. CCBLI is a wholly owned subsidiary of China Construction Bank (CCB), one of the world’s largest companies.
CCBLI plans to grow its aircraft leasing business from 17 to 200 aircraft over the next five years.
China Construction Bank is the fourth largest bank in the […]
Sponsors of the Web Awards 2015, Realex Payments, announced on stage that it is to create 20 jobs in the e-payments company.
Amongst the celebrations last night, a representative from Realex Payments took the time to announce the new jobs.
However, the company did confirm that the 20 jobs will be for developers within Realex Payments.
Only last September, the […]
SITA, the world’s leading specialist in air transport communications and IT solutions, has moved to new state-of-the-art premises in Letterkenny. A team of 148 employees work at SITA in Letterkenny delivering technology that is used by the global air transport industry. Almost every airline and airport in the world is a SITA customer and nearly […]
Chief executive Emmet O’Neill told RTE’s Morning Ireland that the company was “playing with those ideas at the moment”.
“Where we do have sites that are small forecourts, often what we find now is the demand is for food there as opposed to for fuel,” he said.
He said the move could potentially save money because of […]
International call centre firm, Teleperformance, is significantly expanding operations at an Enniskillen-based contact centre.
The company took on the running of Liberty Insurance’s Enniskillen call centre in the summer.
The new employees will be based on the same site but will work on other Teleperformance contracts.
Stormont’s business support agency Invest NI has offered £2.5 million towards the investment […]
Air France plans to cut jobs and flights could still be avoided if talks between managers and unions progress, the airline’s board has said.
The board reaffirmed its support for Chief Executive Alexandre de Juniac after he updated directors on talks with labour unions about a restructuring that could see 2,900 jobs cut at Air France.
Kerry Group has spent $735m (€646m) on three US acquisitions, with chief executive Stan McCarthy saying the businesses provided the company with “tremendous growth opportunities”.
The group is buying Wisconsin-based Red Arrow Products; Massachusetts-based Island Oasis; and Biothera’s Wellmune.
Kerry said that last year the three businesses had combined turnover of $301m (€264m) and generated earnings before […]
Food giant Nestle today lowered its full-year outlook as a Maggi noodle scandal continued to drag down third-quarter sales.
The world’s largest packaged food company’s sales dropped 2.1% to 64.9 billion Swiss francs in the nine months to September, missing analysts’ forecast of 65.9 billion francs in a Reuters poll.
“After a good performance in the first […]
The Irish arm of Unilever last year returned a record pre-tax profit of €6.3m.
This comes after sustaining pre-tax losses of €8.9m in the previous year. The consumer goods giant sells the Ben & Jerry’s Ice-cream brand along with the Knorr and Hellman’s food brands. Unilever last year saw an 8.5 percent drop in revenues going from €263.95m […]
ChannelSight, an Irish-founded tech firm, has received a €3.3 million investment to scale operations in Europe and the US.
The funding round was led by Nauta Capital, with ACT Venture Capital participating and also supported by Enterprise Ireland.
ChannelSight chief executive John Beckett said the funding will allow the Dublin-based e-commerce company to grow at a faster pace in […]
Europe’s second largest technology company Sage announces the opening of a new Sandyford base and the creation of 300 jobs.
The Dublin Centre will serve the European market for Sage, the world’s leading small business accounting, payments and payroll solutions provider.
These new centres will provide digitally-driven sales and support for its global products. It will enhance the […]
Irish airline CityJet is set to sign a €900 million deal for up to 25 new Sukhoi Superjet100 (SSJ 100) aircraft as it progresses with plans to renew its fleet.
The Dublin-based carrier announced that it has selected the Italian-Russian built Superjet to replace its current fleet over the next two years.
The deal is valued at […]
University College Dublin spinout company Logentries has been bought by US based security data and analytics software firm Rapid7 in a deal worth almost €60 million.
Logentries makes cloud-based log management software for collecting and analysing huge quantities of log event data and making that data easily accessible to improve IT and business operations.
It was co-founded in […]
SEKO Logistics’ European MedTec control tower in Galway, has been awarded ISO 13485 certification.
ISO 13485 is the known and trusted quality standard in the medical device industry and is adopted by authorities, suppliers and manufacturers around the world to demonstrate their commitment to protecting the safety and integrity of
SEKO MedTec is one of SEKO Logistics’ biggest and fastest-growing businesses and provides highly specialized solutions focused […]
Plastic products company, JFC Manufacturing, is launching a marine products division in a move to double sales to €100m by 2020.
The Glaway based company, which makes agriculture and civil engineering products such as buckets and pipes, will unveil the new business this week after spending up to €3.5m on research and product development in the […]
The two computer giants confirmed the planned takeover yesterday in what is the biggest ever tech deal.
Michael Dell, who founded the eponymous computer maker, and EMC boss Joe Tucci insisted it will create opportunities to grow both businesses.
Mr Dell will lead the combined companies. The transaction isn’t expected to close until some time between May […]
Aer Arann will provide an air service to the Aran Islands until September 30th 2016.
The Minister of State for the Gaeltacht Joe McHugh has announced that the extension of the interim contract will cost the Department €1.62 million and will allow time for the procurement of a four-year contract.
The contract will be back-dated to October 1st […]
Anheuser-Busch InBev has agreed in principle to buy SABMiller for approximately £68 billion or €92 billion, raising its bid after several rejections to clinch a record deal within the industry.
It will bring one out of every three beers sold worldwide under a single company.
The Budweiser maker will pay £44 a share in cash for a […]
C&C shareholders are pushing for a strategic overhaul of the company following a sequence of earnings downgrades, a profit warning and a massive writedown in the value of its US business.
The company behind the Bulmers and Magners cider brands has been under pressure to hold its market share in Ireland and Britain in the face […]
A dream to bring pure pot still Irish whiskey back to the West of Ireland after an absence of over 100 years took its first official step when The Connacht Whiskey Distillery in Ballina, Co. Mayo was opened by An Taoiseach, Enda Kenny, T.D.
The €10m investment will generate 40 new jobs at the 27,000 square […]
RTÉ has signed up to an energy partnership with the Sustainable Energy Authority of Ireland (SEAI) to adopt cost saving and efficiency measures to ensure its energy consumption is reduced in line with the 2020 public sector energy efficiency target of 33%.
RTÉ plans to reach the target by introducing projects like the upgrading from analogue […]
Dell will announce Monday that it’s acquiring data storage provider EMC, according to a person familiar with the matter, creating a corporate-computing giant in the largest-ever technology merger.
Dell plans to pay slightly more than $25 a share in cash, plus tracking stock in cloud software maker VMware valued at about $8 for each EMC share, said […]
Workers inspecting goat yogurt in dairy
Reflecting its continued expansion and development into an All-Ireland ‘must-attend’ annual event, the National Manufacturing & Supply Chain Conference & Exhibition has switched to a larger and more conveniently placed venue, moving from the Aviva Stadium in Dublin’s city centre to the Citywest Hotel, Ireland’s premier conference venue, located on […]
Today during the Startup Gathering it was announced that applications are now open for Accenture’s latest Fintech Innovation Lab.
The Lab is supported by key players in the finance industry such as Allied Irish Bank, Bank of Ireland, Citi, Fexco, State Street, Realex Payments, Ulster Bank and Credit Suisse, as well as tech giant Google.
Irish start-ups, in […]
Government actions and policies are some of the greatest challenges to UK exporters according to a new business survey conducted in the South West on behalf of Cronus Logistics. More than a third of respondents said political and governmental actions were a real challenge to their businesses on a par with non-payment for goods and […]
REPRO FREEGMC Software Technology (GMC), the award-winning leader in customer communications management (CCM) and output management, with its partner Neopost Ireland, today announces that laya healthcare has chosen GMC Inspire to deliver all customer communications. Pictured at the announcement are (L-R) Ian Brennan, Director of IT, laya healthcare; Duncan Groom, Managing Director, Neopost Ireland; and […]
Irish-listed Tullow Oil has reached an agreement with the Gabonese government to regain its stake in oil fields.
In a statement released this morning Tullow said, the company has regained its 7.5 percent stake in the Onal Complex producing fields and the Ezanga block. This development came from negotiations with the government in the African country
“In addition, […]
Dell, the world’s third largest personal computer maker, is in talks to buy data storage company EMC, a person familiar with the matter said, in what could be one of the biggest technology deals ever.
Dell is also talking to banks to finance an all-cash offer for the Hopkinton, Massachusetts-based company, the person told Reuters on […]
The warning lights started flashing over the weekend in the Carribbean, suggesting all was not well with Denis O’Brien’s plan to raise up to $2 billion to float Digicel this Friday.
“Most investors, hedge funds . . . are not participating,” suggested one particualrly well-informed source on Sunday, two days before O’Brien pulled the plug.
“[An unnamed […]
Lidl has become the first Irish supermarket chain to sign up to the Living Wage Campaign, pledging to pay staff a minimum of €11.50 an hour.
The measure, which comes into force next month, will benefit 20 percent of its staff who currently earn below this rate.
The Republic’s living wage is currently set at €11.50 an hour, […]
SuperValu has created 20 jobs after establishing a financial services division to launch a suite of home and car insurance products.
It has joined forces with AIG to offer supermarket customers discounted rates for car and home insurance.
SuperValu said it had opted for the move following customer feedback that it was one of a number of […]
Workday a leader in enterprise cloud applications for finance and human resources, today announced the opening of its new European headquarters office in Dublin 7, in the heart of the north inner city, as well as plans to create another 200 highly-skilled jobs for the city over the next three years.
Taoiseach Enda Kenny TD and […]
UK firm Sports Direct International, founded by English billionaire Mike Ashley, has reached an agreement to pay a total of €47.5m to acquire the shares it does not already own in Irish retailer Heatons.
Sports Direct said that it has entered into a sale and purchase agreement with Sandra Minor, a minority shareholder in Warrnambool. Warrnambool is […]
Lending by Ireland’s 354 credit unions slumped to a 15-year low of €3.5 billion in the 12 months to June 2015, due to a combination of reduced demand and lending restrictions imposed by the Central Bank.
However, with some €5.5 billion in available funds ready to lend to members, the movement is hopeful that an upturn […]
Irish Water is to cut 1,200 jobs by 2021, according to parent company Ervia’s business plan published Wednesday morning.
The company hopes to save €1.1 billion across areas including payroll, energy and contracting. Ervia said Irish Water will invest €5.5 billion on water infrastructure over the next seven years.
Irish Water aims to generate €2 billion in […]
Digicel, the telecoms group owned by billionaire Denis O’Brien, last night cancelled a planned stock market debut in New York that could have valued the business at as much as $10bn (€9bn).
It was expected that the shares would begin trading on the New York Stock Exchange on Friday and raise proceeds of between $1.8bn to $2bn […]
The engineering components firm McAuley Precision and McAuley Fabrication based in Ballymoney, Northern Ireland is to create 64 manufacturing jobs over the next four years.
The news jobs announced by McAuley have come as part of a €5m investment to expand the business of both its Precision and Fabrication enterprises.
The former of which is focused on […]
The Whitewater Shopping Centre in Newbridge, Co Kildare has been put up for sale by its joint owners Ballymore Properties and Elm Holdings.
The centre, which is Ireland’s largest regional shopping centre, is expected to fetch more than €150 million.The €150 million quoting price equates to a net initial yield of appromxately 7.5 per cent.
CoStar said […]
The publicly-quoted hotels group Dalata, which recently raised €160m in new equity capital to invest in buying existing or building new hotels in Ireland, is in discussions to buy as many as seven sites in central Dublin to build new hotels.
Speaking after an extraordinary general meeting of the company yesterday, Chief Executive Pat McCann said […]
Bord na Móna plans to stop harvesting peat by 2030 in what it described as the “biggest change of land use in modern Irish history”.
It will invest in green energy production, including wind and solar farms, and ramp-up production of biomass to fuel its Edenderry power plant.
About 15,000 hectares of willow will be planted and […]
Passenger numbers at Ryanair rose by 12 percent to 9.55 million in September, compared to the same month a year earlier, according to new figures published today.
Passenger numbers were down compared to August but were up from 8.49 million in September 2014.
Load factor – a measure of how full the flights are – was up […]
Irish IT professional services company Ammeon is to create 100 new high-skilled jobs in Dublin over the next 12 months.
Ammeon, which specialises in IT-based transformation projects is expanding its DevOps and Cloud Centre of Excellence.
The company is looking for both experienced engineers and graduates for a wide variety of high-value IT roles, with a focus […]
The total remuneration packages for executives at Swiss-Irish bakery giant Aryzta dropped by about two thirds to 5.2m Swiss Francs (CHF) in the company’s 2015 financial year.
That is according to the company’s annual report, which was published this morning. The executive remuneration packages of €4.8m compares to total executive pay of CHF15.5m (€14.2m) in 2014.
Rye River Brewing Corporation has announced an investment of €4m to build a new brewery and visitor centre in Celbridge in Co Kildare.
The new centre is expected to employ 150 people within three years and the building of the centre will also create 100 construction jobs.
Since it was started in late 2013 by Niall Phelan, […]