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Ryanair announce half year profit of €1.4 billion

Ryanair has announced a half year profit of €1.4 billion for the six months to the end of September.
That figure includes a one-off gain of €317m from selling its stake in Aer Lingus to IAG.
The airline said its profit after tax rose by 37 percent to €1.088 billion, while revenues for the six month period […]

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Team Horizon wins Ulster Bank Small Business Award at Connacht final

Pat Horgan, Head of Specialised Relationship Management at Ulster Bank and Robert Grealis, Chairman Team Horizon
Team Horizon, the global life-science services firm with an expert focus on pharma and biopharma manufacturing processes, has won the Small Business Award 2015 at the Connacht final of the Ulster Bank Business Achievers Awards.
The Mayo based company will now […]

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Irish Manufacturing sector expands for 29th month in a row

The latest PMI from Investec revealed another month of expansion for Ireland’s manufacturing sector
According to Investec’s monthly Purchasing Managers’ Index (PMI) the manufacturing industry experienced growth for the 29th month in a row.
The index revealed an improvement in business conditions within the sector for the month of October.
The rate of expansion in new orders rose […]

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TCS to create a further 80 jobs in Ireland

Leading global IT services, consulting and business solutions organisation, Tata Consultancy Services (TCS) today announced the creation of over 80 new positions in Ireland.
TCS established its Dublin office in 2001 and now operates with in excess of 100 consultants in Ireland.
Key areas of business focus for TCS in Ireland include education, supply chain, enterprise solutions, […]

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Center Parcs submits planning application for €233m Longford development

Center Parcs Longford Forest could be open to guests in 2019
The short-break holiday company, Center Parcs, has formally submitted a planning application to Longford Co Council. The UK firm applied to develop a holiday village on a 395-acre site at Newcastle Wood, 5km outside Ballymahon.
The planning application outlines the impact that Center Parcs Longford Forest […]

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Cork’s Seabrook partners with Siemens in a €1m project

Sean O’Sullivan, CEO of Seabrook, An Taoiseach Enda Kenny and Robin Hancock of Siemens at the announcement in the Convention Centre Dublin
Seabrook, an Irish manufacturing and business software consultancy firm, has partnered with Siemens in a project worth €1m.
The partnership will see the creation of “high level” jobs, six of which will be at the company’s […]

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Aer Lingus makes €45m profit since joining IAG

Aer Lingus made an operating profit of €45m between 18 August and 30 September, according to Q3 results.
This period covers the point from which the airline was acquired by International Airlines Group (IAG).
IAG’s operating profit for the year to the end of September was €1.25bn, with the group stating that revenue had risen by 15.2 […]

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Dublin Deutsche Bank staff fear job cuts

The 400 staff in the Deutsche Bank Dublin-based offices have not been offered any guarantee that cuts would not take place in its Irish arm.
It has been revealed that the bank would reduce its workforce by approximately 9,000 full-time equivalent positions plus approximately 6,000 external contractor positions in its global technology & operations infrastructure function.
One […]

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Le Pain Quotidien opens first Irish location and promises a further 120 jobs

Le Pain Quotidien began as an organic bakery in Brussels 25 years ago and now operates across five continents
Global restaurant and boulangerie, Le Pain Quotidien, opens the doors of it’s first Irish location today.
The launch today in Kildare Village represents the beginning of a wider expansion in to Ireland. The restaurant plans to open further […]

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SolutionsPT Partners with ecom to Deliver Mobility in Hazardous Areas

ecom’s Tab-Ex Series includes the World’s first Zone 1 certified tablet computer – the Tab-Ex 01 which is used by engineers, operators and technicians in zoned hazardous areas around the world
Industrial IT solutions provider, SolutionsPT, has partnered with ecom the world’s leading manufacturer of mobile computing devices which are designed for use in hazardous areas, […]

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$600 million Chilean contract for Eddie O’Connor’s Aela

A Chilean renewable energy joint venture involving Eddie O’Connor’s Mainstream Renewable Power (MRP) will invest $600 million (€544 million) in new wind farms there, after winning a major State contract.
Mr O’Connor is a former Bord na Móna chief executive and an advocate of renewable power.
Aela Energía, in which Mr O’Connor’s company MRP holds a 40 […]

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Alternative energy supply needed for Bord ná Mona

    Alternative energy supply needed for Bord ná Mona

According to Fianna Fail TD Robert Troy, Bord ná Mona requires a strategy for an alternative energy supply.
This news comes after Bord na Mona’s planning permission for its Offaly plant was rejected, with the result of several jobs in the area now at risk.
The ruling comes as An Taisce’s challenge against An Bord Pleanala’s decision in 2013 to […]

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McAfee Ireland’s profits reached €25m last year

Pre-tax profits at McAfee Ireland increased by 7 percent to €25m last year.
Accounts show that Cork-based McAfee Ireland’s revenues rose from €393.45m to €419.86m in the 12 months to the end of December last year.
McAfee has its headquarters for its operations in Europe, the Middle East and Africa (EMEA) in Cork and numbers employed there […]

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Volkswagen posts first quarterly loss in at least 15 years

Volkswagen today posted its first quarterly loss in at least 15 years.
The German group reported a third-quarter operating loss of €3.48 billion, in line with a €3.47 billion loss forecast in a Reuters poll of analysts.
The loss comes as the company was hit by costs related to its rigging of diesel emissions tests, and lowered its […]

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Glassdoor to create 100 jobs for Dublin in new European base

100 positions are to be created in Dublin by US jobs and recruitment website Glassdoor.
Glassdoor allows employees to post reviews of their employer which can then be examined by jobseekers.
The company, which plans to open an office here in January, is also launching an Irish version of the site for jobseekers here.
Glassdoor International head Diarmuid Russell […]

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Largest growth for Dunnes Stores among Irish supermarkets

Supermarkets experience the best year in Ireland over the last five years
Dunnes Stores experienced the largest growth of any Irish supermarket in the last three months. The retailer increased its sales by 4.7 percent which brought its current market share to 23.2 percent.
This marks the eleventh successive period of sales growth for Dunnes, as its […]

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ATS acquires Integrated Automation Melbourne

Erwin Jansen shakes hand with Armin Fahnle, new Managing Director of ATS Australia
Independent Solutions Provider, ATS has acquired Integrated Automation Pty Ltd.
Integrated Automation, based in Melbourne, is specialised in system integration, control, industrial automation, and related services for manufacturers.
The full team at Integrated Automation will serve customers under the name of ATS Applied Tech Systems […]

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Grafton acquires Dutch firm Isero for €91.5m

Building materials group Grafton has agreed a deal to buy Isero, a specialist distributor of tools and fixings in the Netherlands, for €91.5m.
Isero trades from 38 branches under the Gerritse, Breur Ceintuurbaan and Van der Winkel brands.
The company reported revenues of €94m and adjusted operating profit of €8.8m for the year to the end of […]

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Artificial Intelligence firm Nuritas raises €3m in record first-round financing

Dr. Nora Khaldi founder of Nuritas
The Dublin-based food data-mining start-up firm, Nuritas, has raised just under €3m from a range of global investors.
These include the Singapore-based New Protein Capital, a specialist food and agri-tech investment firm, and Ali Partovi, a Silicon Valley-based early investor who also backed Dropbox and Facebook.
Nuritas has broken the Irish record […]

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Raymond Coyle to sell final share of Largo Foods

Largo Foods founder Ray Coyle has this week agreed to sell his final shareholding in the company he established 33 years ago.
The successful business man will sell his 25 percent stake in Largo to Germany’s Intersnack, which has the right to buy his shares as part of the deal which gave it majority control of […]

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Aldi to recruit 400 new staff and raise minimum pay

Aldi Ireland is to recruit 400 new staff and also raise its minimum pay rate to €11.50 an hour.
The German discount retailer said it plans to recruit and train more than 400 new staff during 2016 to support its ongoing Irish expansion drive.
Aldi will open its 121st and 122nd Irish store next month and plans […]

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Pfizer creates 130 more jobs in Ireland

Pfizer plant Ringaskiddy, Co. Cork
Pfizer is to create approximately 130 jobs across three manufacturing sites in Ireland; Grange Castle in Dublin and Little Island and Ringaskiddy in Cork.
The company already employs approximately 3,200 people at six sites across the country.
Pfizer said that its Grange Castle plant, based in West Dublin, is looking to recruit about […]

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200 jobs for Limerick as a result of smoky coal ban

The recent Government decision to ban smoky coal yesterday yielded a 200-jobs industry for the port of Foynes.
CPL Industries, Europe’s leading manufacturer and wholesaler of smokeless solid fuel products for the domestic heating market plans to  have 200 employees in Limerick by 2018.
The jobs come as part of a €22m investment from CPL fuels for […]

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Brothers behind Stripe named as EY Entrepreneur of the year

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 […]

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Nursing home group Carechoice bring a further 200 jobs to Ireland

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 […]

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Demand for Jameson boosts Pernod Ricard sales

  Demand for Jameson boosts Pernod Ricard sales

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 […]

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Healthcare company Grifols to create 140 jobs with $100m investment in Dublin

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 […]

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Irish consultancy firm E-MIT Solutions triumphs at Dell global awards

Aongus Hegarty, president of Europe, Middle East and Africa at Dell; with Eamon Moore, founder and managing director, E-MIT Solutions
E-MIT Solutions has been awarded ‘Social Media Partner of the Year’ at the annual global Dell Partner of the Year Awards. Dell recognised E-MIT’s ability to collaborate and engage audiences with Dell in the social space, […]

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Aer Lingus could seal a major deal with Ryanair on long-haul passenger feeds

  Aer Lingus could seal a major deal with Ryanair on long-haul passenger feeds

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 […]

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iNua expandeds its portfolio with €7.25m purchase of Hibernian Hotel Kilkenny

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 […]

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Starbucks to sell wine and coffee as it launches store of the future

  Starbucks to sell wine and coffee as it launches store of the future

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 […]

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Bandon Co-op to create 50 new jobs

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 […]

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Irish e-commerce company secures $20m investment

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 […]

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35 new jobs for Dublin with Fijitsu Ireland

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 […]

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Revenues at IBM drop by more than expected

  Revenues at IBM drop by more than expected

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 […]

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Carlow Craft Brewery attracting investors through tax efficiency scheme

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 […]

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30 new jobs for Cork with new product Smartzone

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 […]

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China Construction Bank signs $500m deal to base Aircraft Leasing Division in Ireland

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 […]

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Realex Payments announces 20 jobs at Web Awards 2015

  Realex Payments announces 20 jobs at Web Awards 2015

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 […]

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SITA moves to new state-of-the-art facility

  SITA moves to new state-of-the-art facility

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 […]

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Topaz to consider operating some food-only outlets

  Topaz to consider operating some food-only outlets

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 […]

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800 jobs for Northern Ireland with Teleperformance

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 […]

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Air France job cuts could be avoided

  Air France job cuts could be avoided

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.
“The […]

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Kerry dishes out $735m for three US food and beverage businesses

  Kerry dishes out $735m for three US food and beverage businesses

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 […]

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Nestle cuts full-year outlook after 9-month sales miss

  Nestle cuts full-year outlook after 9-month sales miss

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 […]

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Unilever Ireland returns to record profit

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 […]

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€3.3m in funding for Dublin based tech firm ChannelSight

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 […]

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Sage announces new Dublin centre as cornerstone of its European strategy

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 […]

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CityJet to sign a €900m deal to renew fleet

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 […]

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UCD spinout company Logentries bought for almost €60m

  UCD spinout company Logentries bought for almost €60m

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 […]

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SEKO Logistics awarded ISO 13485 certification

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
medical devices.
SEKO MedTec is one of SEKO Logistics’ biggest and fastest-growing businesses and provides highly specialized solutions focused […]

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JFC sets target of €100m

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 […]

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Over 5,000 Irish staff at Dell and EMC face wait on jobs news

  Over 5,000 Irish staff at Dell and EMC face wait on jobs news

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 […]

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Aer Arann secures one-year contract to Aran Islands

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 […]

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Anheuser-Busch agrees £68bn take over deal with SABMiller

  Anheuser-Busch agrees £68bn take over deal with SABMiller

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 […]

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C&C under fire from shareholders after profit warning

  C&C under fire from shareholders after profit warning

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 […]

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40 New Jobs at Connacht Whiskey Distillery

  40 New Jobs at Connacht Whiskey Distillery

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 […]

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Energy efficiencies delivered as RTÉ signs up to SEAI’s Public Sector Energy Partnership

 
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 […]

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