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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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Dell expected to announce $53 billion EMC merger today

    Dell expected to announce $53 billion EMC merger today

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 […]

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National Manufacturing & Supply Chain Conference & Exhibition 2016 is Bigger and Better

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 […]

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Applications now open for Accenture’s FinTech Lab

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 […]

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Government actions the greatest challenge to exporters

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 […]

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Laya healthcare appoints GMC and Neopost to plan for the future of customer communication

 
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 […]

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Tullow Oil regains it’s stake in Gabon

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, […]

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Dell reportedly in talks with EMC for one of biggest ever tech mergers

    Dell reportedly in talks with EMC for one of biggest ever tech mergers

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 […]

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Funds lost interest when O’Brien refused to budge on price

    Funds lost interest when O’Brien refused to budge on price

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 […]

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Lidl to pay Irish staff Living Wage of €11.50 an hour

    Lidl to pay Irish staff Living Wage of €11.50 an hour

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, […]

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SuperValu create 20 jobs with new insurance venture

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 […]

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Workday announces 200 highly-skilled jobs for Dublin

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 […]

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Sports Direct to acquire Heatons in €47.5m deal

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 […]

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Credit union lending slumps to 15-year low

  Credit union lending slumps to 15-year low

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 […]

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Irish Water to cut 1,200 jobs by 2021

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 […]

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Digicel IPO cancelled due to market volatility

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 […]

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McAuley Engineering to create 64 jobs

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 […]

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Whitewater Shopping Centre expected to sell for €150 million

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 […]

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Hotel group Dalata planning to build up to seven hotels in Dublin

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 […]

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Bord na Móna going green by 2030

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 […]

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Ryanair passenger numbers rose by 12 percent last month

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 […]

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Ammeon expansion creates 100 tech jobs in Dublin’s city centre

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 […]

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Aryzta executives total pay packet drops by almost €10m in 2015

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.
Chief […]

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Rye River invests €4m in new Co Kildare brewery

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, […]

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Pretax losses double at Dublin-listed Merrion Pharmaceuticals

  Pretax losses double at Dublin-listed Merrion Pharmaceuticals

Merrion Pharmaceuticals says its survival is dependent on Declan Ryan’s Irelandia Investments not calling in an overdue loan as it reported a doubling of half-year losses.
The Dublin-listed group, whose Irish revenue comes through two licence agreements with Danish diabetes specialist Novo Nordisk, reported a net loss of €1.02 million or €5.58 cent per share for […]

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Virgin Media is ready to launch its mobile service in Ireland

  Virgin Media is ready to launch its mobile service in Ireland

Virgin Media, formerly known as UPC, is to launch its new Virgin Mobile brand in Ireland on Monday 5 October with unlimited data, voice and texts for €25 a month, the CEO of Virgin Media in Ireland Magnus Ternsjö told Siliconrepublic.com. Virgin founder Richard Branson is in Dublin today (1 October) to launch the new […]

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Paypal Ireland head warns of FDI threat due to rental crisis

  Paypal Ireland head warns of FDI threat due to rental crisis

Paypal has begun asking staff to make spare rooms available to new employees, because of the shortage of rental accommodation, according to the company’s head of Irish operations Louise Phelan.
Ms Phelan said rental property has become one of the greatest challenges for the online payments company which employs 2,400 people in Dublin and Dundalk.
“Property prices […]

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Siemens ‘Partner 2020’ plan aims to lift Irish manufacturing to new heights

 Siemens is launching its ambitious Partner 2020 programme. The bold strategy is set to inject a fresh focus on supplying technology and guidance to make Ireland a global manufacturing powerhouse, helping to drive productivity and reduce costs by up to 30%.
The ‘Partner 2020’ strategy, spearheaded by Andrew Reeks, is designed to rapidly change the technology […]

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Ryanair chairman pours cold water on O’Leary plan

  Ryanair chairman pours cold water on O’Leary plan

Ryanair chairman David Bonderman has cast doubts on Michael O’Leary’s plans for his airline to provide connecting flights for long-haul carriers such as Air France-KLM and Lufthansa, saying he’s a “sceptic” about the idea.
Mr Bonderman – the billionaire co-founder of private equity giant TPG – also said he has no intention of stepping down from […]

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Accenture to create 200 jobs by establishing Centre for Innovation in Dublin

Accenture  is expanding its Irish operations and establishing a Centre for Innovation in Dublin where the company will research, incubate, and pilot innovative industry-specific and cross-industry technologies and solutions for its clients.  The company will invest more than €25 million and recruit more than 200 professionals with R&D and design expertisein cognitive computing, Internet of […]

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Providence looks to extend debt facility if Barryroe deal drags on

  Providence looks to extend debt facility if Barryroe deal drags on

Announcing its half-year results yesterday, the oil and gas explorer said it is in discussions with its debt provider, US-based Melody Finance, regarding a “possible extension of the terms and maturity” of its debt facility.
Providence agreed $24m in financing with Melody in June 2014. This was made up of two credit facilities, one for $20m […]

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Smurfit Kappa overhauls management at its European operations

  Smurfit Kappa overhauls management at its European operations

Mr Villaquiran, who is currently chief executive of the group’s Corrugated Europe division, will take up the new role of CEO of the company’s Europe division.
He will take up the new position tomorrow and will have overall responsibility for the existing European paper and corrugated divisions. He will report directly to the group CEO, Tony […]

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IBM Expands its Analytics & Solutions Lab in Ireland

  IBM Expands its Analytics & Solutions Lab in Ireland

BM (NYSE: IBM) has announced it is to expand its IBM Ireland Analytics & Solutions Lab to advance cloud social collaboration and HR analytics software that help organisations build and maintain a smarter workforce.
New jobs will be created for high value software engineering roles at the development lab which has offices in Dublin, Cork and Galway. […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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