The Irish Stock Exchange (ISE) plc has recorded another strong financial year with results published this week showing a 21% rise in profit after tax to €8m (2015: €6.6m). Revenues grew by 6% to €29.2m and total assets rose by 22% to €64.2m. With over 35,000 securities quoted on its markets from issuers located in 85 […]
An Taoiseach Leo Varadkar and Tánaiste Frances Fitzgerald officially opened LinkedIn’s new 17,650 sq m Europe, Middle East and Africa (EMEA) HQ at Wilton Place in Dublin yesterday. The new building is the first that LinkedIn has built outside the USA and is the result of an €85 million investment. The development was undertaken in order […]
Ibec has met with political representatives in the North West to set out the key investment and planning priorities for the region, as well as the measures required in the upcoming budget to support the region’s future growth.
Ibec North West Regional Director Terry MacNamara said, “Business will play a critical role in the future economic […]
An Tánaiste and Minister for Business, Enterprise and Innovation Frances Fitzgerald recently joined Bill Graebel, CEO of Graebel Companies Inc., to announce the official opening of the company’s newly established Europe Middle East and Africa (EMEA) Financial Shared Services and Operations Centre in Dundalk. The creation of 125 new jobs within the next three years […]
Cork Chamber has issued key recommendations to Government ahead of the annual budget. This comes after the Chamber asked its 1,200 members about the measures most wanted in the budget. In its submission, the Chamber includes a number of specific recommendations to improve Cork as a place to work and live. Among these are:
Urgent investment […]
Automated Intelligence (AI) has announced it has raised £1.5 million investment. The investment comprises of £1m from The Bank of Ireland Kernel Capital Growth Fund (NI), with the remainder provided by an existing private investor.
Currently employing 65 people, this round of funding will enable AI to expand into new geographical markets, building upon the success […]
Ibec has acknowledged the publication of the independent review of Ireland’s corporate tax code by Seamus Coffey. The group welcomed the analysis of the available evidence, and in particular a number of sensible recommendations. It cautioned, however, that some recommendations would require careful thought and further consultation in order to avoid any unnecessary negative impacts […]
Homecare provider Bluebird Care has announced that over the coming months, it will create over 370 jobs in its 26 offices across the country, growing its health and social care team by over 20%. Set up in Ireland in 2007, these new jobs will support Bluebird Care in the delivery of person-centred care to even […]
Software engineering services and solutions provider, Comtrade Digital Services, has announced that it has developed a flexible chatbot platform, Assisto. The platform, currently being used by airlines and banks, can securely process payments and requests via instant messaging apps such as Facebook Messenger, WhatsApp and Viber.
The software platform was developed by a team of Comtrade […]
Center Parcs was delighted that An Taoiseach Leo Varadkar joined Martin Dalby, CEO of Center Parcs for the recent Official Sod Turning Ceremony, marking the start of construction work on the €233 million development at Center Parcs Longford Forest, Ballymahon, County Longford. The milestone occasion was celebrated with local community, as well as representatives from […]
The Bailieboro facility is among the most advanced milk powder plants in the world and one of the largest such plants in Europe. The Minister for Culture, Heritage and the Gaeltacht, Heather Humphreys also attended, together with Alo Duffy, Chairman of Lakeland Dairies, the Board and regional committees of the co-operative and Group Chief Executive, […]
Pure Telecom has announced that it has signed a €35 million deal with wholesale telecoms provider open eir. The two-year agreement allows Pure Telecom to offer almost two million potential customers high-speed broadband and phone services via open eir’s nationwide open access network.
As open eir rolls out high-speed fibre broadband across Ireland, the agreement will help […]
A new €5 million bespoke Executive Development Centre has been opened by Dr. Michael WJ Smurfit at UCD Smurfit School, marking the culmination of a five-year investment programme which has seen the creation of a world-class Executive Development offering in Dublin. This latest evolution at UCD Smurfit School ensures Dr. Michael Smurfit’s vision of Ireland […]
John Halligan, Minister of State for Training, Skills & Innovation has congratulated ENBIO, an Irish SME with facilities in Dublin and Clonmel, Tipperary on winning €1.52 million from the European Commission to develop a green alternative to the toxic chemicals necessary to coat metals.
Their work will be focused initially on the space sector but has […]
Iarnród Éireann Chief Executive, David Franks was joined by Enterprise Ireland’s Executive Director of Global Business Development, Kevin Sherry at Amiens St. bridge recently to mark the invitation for tenders for bridge warning, prevention and pre emptive systems/technologies for Iarnród Éireann.
This tender process was designed jointly by Iarnród Éireann and Enterprise Ireland through Small Business […]
C&C Group plc has announced that in partnership with Proprium Capital Partners & Admiral management, it has agreed to acquire the entire issued share capital of Admiral. The equity investment by C&C is £37m and represents 47% of the issued capital of Admiral. It will be funded from existing C&C facilities and Admiral will be […]
SCADA network and mobile telecommunications supplier, EMR Integrated Solutions has announced it has been selected by Irish Water to upgrade its telemetry networks in Waterford and Leitrim, in a deal valued in excess of €1m.
The upgrade plays a significant role in the battle against ‘unaccounted for water’, giving Irish Water greater monitoring capability and control […]
A Competitive Start Fund (CSF) competition worth up to €750,000 in funding from Enterprise Ireland will open for applications to early stage companies in manufacturing and internationally traded services on Wednesday 13 September 2017.
This is Enterprise Ireland’s seventh Competitive Start Fund in 2017 and is open to all sectors with a focus on agricultural, manufacturing, life […]
EngageSmith, the millennial specialist, has announced the launch of the Millennial Friendly Index that will certify how millennial friendly employers are. Designed with input from both millennials and industry, the Index is a software tool that enables organisations to increase millennial engagement and reduce attrition.
The Index rates organisations’ millennial friendliness across a range of criteria […]
Earnings at One Fifty One plc, a leading rigid-plastic packaging company, increased by 31.1% to €32.4 million in the six months ended 30 June 2017, on revenue which grew by 32.4% to €225.8 million when compared with the six month period to 30 June 2016. The increased revenues and earnings were primarily driven by strong […]
According to the latest quarterly report from BNP Paribas Real Estate, the continuing fall-off in the number of large commercial property assets being offered for sale in the Irish market saw turnover of €278 million recorded for the three-month period to the end of June.
While that level of transactional activity was low compared to previous […]
ISME, the Irish Small and Medium Enterprises Association, at the release of the CSO Earnings and Labour costs figures recently, called for greater investment in our public infrastructure and more cost competitiveness. The Association highlighted in its pre-budget submission the need for Government to target infrastructure at 4% of GNI and improve our cost competitiveness.
Average weekly earnings […]
Cubic Telecom, a global Internet of Things (IoT) connectivity platform company, has announced the close of a €40m Series C investment round. The new investment, which brings the total funding to €75m, is funded by four participants including previous investors Qualcomm Incorporated and Audi Electronics Venture GmbH, a subsidiary of AUDI AG. New investors include Valid Soluciones Tecnologicas SAU and Ireland Strategic […]
Information security provider Ward Solutions has announced the appointment of Orlagh Moylan as Business Development Executive. Orlagh’s key role will be to identify new business opportunities and build existing client relationships.
With over 12 years’ team management and commercial experience in the technology sector, Orlagh brings an understanding and depth of experience to her new position […]
Ibec has welcomed a High Court ruling in favour of An Bord Pleanála which should pave the way for the commencement of work on the long delayed but vital North-South Electricity Interconnector. It is time now for all TDs, political parties and other stakeholders to get behind this project and ensure its delivery as a […]
Ireland must seize the opportunities being created by the continued growth in the global medtech market, expected to be worth €475 billion next year. That will be the key message from more than 30 leading medtech professionals, including CEOs, Fortune 500 business leaders and international experts, at “Medtech Rising: The Irish Medtech CEO Conference taking […]
Ryanair has launched a new dedicated booking platform in partnership with Erasmus Student Network, offering Erasmus students fare discounts, free bags and tailored travel offers.
Delivered as part of Year 4 of Ryanair’s “Always Getting Better” programme, this partnership offers Erasmus students a dedicated ESN booking platform where they can avail of:
15% flight discounts on the […]
Irish start-up StudyBundles has developed an app that helps CAO applicants connect with third-level institutions while they are deciding which college to attend. The CampusConnect app benefits students as they become immersed in college life before they step foot on campus, making the transition easier. For colleges and universities it helps them to convert student […]
While staff retention was the primary difficulty for Digital and Technology companies in 2016, this has become secondary to the fastest emerging problem in 2017 – the lack and the cost of accommodation. According to the latest market analysis and salary survey by recruitment group Prosperity, the enduring reality is that the Digital and Tech […]
The first six months of 2017 have proven to be a dynamic period for Ireland’s merger and acquisition (M&A) market and it is clear that Ireland continues to be an attractive destination for international investment. This is according to the mid-year William Fry Mergers & Acquisitions Review 2017, in association with Mergermarket, which was published […]
Newly established business, Co Westmeath-based Needham Coding Ireland Limited, which was formed following a merger between The Needham Group and long-standing Irish distributor, Advanced Coding Solutions (ACS), will be highlighting a wide range of continuous ink jet (CIJ), thermal ink jet (TIJ) and laser coding and marking equipment and associated printer inks and makeup at […]
One in every 23 people in Ireland (aged 18-64 years) is a new business owner, according to the Global Entrepreneurship Monitor (GEM) 2016 Survey of Entrepreneurship in Ireland which was published today. These figures are similar to the US and high compared to European countries.
Enterprise Ireland, supported by the Department of Jobs, Enterprise and Innovation, […]
Strong growth within the medtech industry is driving further investment and job creation. That’s according to a new survey published by the Irish Medtech Association, the Ibec group that represents the sector, to mark the launch of the Irish Medtech Awards which are jointly hosted with Enterprise Ireland and IDA Ireland.
The results of the Medtech […]
Leading information security provider, Ward Solutions, has announces that it has invested €300,000 to launch a new GDPR consultancy service for Irish businesses. The new service will help organisations around Ireland to achieve and demonstrate compliance with incoming General Data Protection Regulation, due to come into force on 25th May next year. Ward has established a […]
As the first anniversary of the introduction of paternity benefit approaches, Social Protection Minister Regina Doherty has launched an awareness campaign to encourage new or expectant fathers to apply for the two weeks payment from her Department. Employed and self-employed fathers with the correct PRSI contributions are entitled to receive paternity benefit.
Paternity benefit is available […]
Edina, a leading supplier, installer and maintenance provider for combined heat and power (CHP), gas, and diesel generation solutions, announced today the launch of its newly redesigned website.
The new Edina website (http://www.edina.eu) offers quick and easy access to essential information and features, whilst showcasing Edina’s technical expertise and full EPC/turnkey capabilities as a leading total […]
Sanner GmbH, a manufacturer of high-quality primary plastic packaging and medical devices, has successfully completed the expansion of its production facility in Bensheim. Fourteen new, state-of-the-art injection-molding machines were installed to improve production processes. With an investment of close to three million euros, Sanner has paved the way for future-oriented manufacturing at its headquarters.
One year […]
Venture capital fund, Suir Valley Ventures, has announced it has invested €750,000 into Wia, one of the leading Internet of Things (‘IoT’) cloud platforms. Wia’s IoT cloud platform enables developers to turn any type of sensing device into a secure, smart and useful application in a matter of minutes, generating considerable time and cost savings […]
The Minister for Health, Simon Harris TD has welcomed the recent announcement from the Department of Rural and Community Development of the approval of the 2017 Dormant Accounts Action Plan. Additional funding of up to €3.46 million is being made available to the Department of Health in the period 2017-2019 to support a range of […]
Technology solutions and services provider Datapac has announced it will create 35 new jobs at its location in Enniscorthy, Co. Wexford. The jobs are being created as part of a €2.1 million investment which is funding significant expansion and enhancement of ICT managed services at Datapac’s Network Operations Centre.
Established in 1982, Datapac provides a comprehensive […]
Berkshire Hathaway Specialty Insurance Company (BHSI), a firm owned by Warren Buffet, has announced it has established a new office in Dublin and appointed Cormac McNamara as Property & Casualty Manager, BHSI Ireland.
“Cormac will build our local team and lead our efforts to bring all of BHSI’s Southern European underwriting capabilities to Ireland,” said Tom […]
UK experiential brand company Clive has opened a new office in Dublin for our its Irish operation. Three full time jobs have immediately been created, with additional roles planned for later this year.
Clive helps brands to ‘Communicate: Live’, engaging audiences through creative live events and digital communication solutions. The company has worked with some of the […]
PayPal and Skype users in 22 countries – including Ireland – can now send money from PayPal directly in their Skype mobile app. With this new app, people in Ireland can send money ‘in the moment’ to friends and family in Ireland and 21 other countries, including the United States and UK.
More than $7 million […]
Minister for Rural and Community Development Michael Ring has approved over €11 million in funding for projects under Measures 1 and 3 of the 2017 Outdoor Recreation Infrastructure Scheme.
The Scheme is part of the Government’s Action Plan for Rural Development and provides funding for the development of new outdoor recreational infrastructure and the maintenance, enhancement […]
Synexa Life Sciences, a global leader in biomarker services, has announced the opening of its international headquarters in Dublin. The new centre will be home to Synexa’s global business development activities and a new Bioinformatics Lab, and is expected to create up to 30 highly skilled jobs over the next five years.
Welcoming the decision by […]
Eoghan Murphy, Minister for Housing, Planning and Local Government, has approved the construction of 70 rapid delivery houses at three locations in Dublin City. The houses will be built in Cherry Orchard, Ballyfermot (53 units) and in Rathvilly Park (13 units) and Woodbank Drive (4 units), Finglas.
The houses will comprise 39 three bedroom units and […]
Bausch + Lomb has announced that Taoiseach Leo Varadkar and Tánaiste Frances Fitzgerald, Minister for Business, Enterprise and Innovation have officially opened a €85 million extension at the company’s Waterford facility to help meet the consumer demand of its contact lens portfolio.
Valeant Pharmaceuticals International, the parent company of Bausch + Lomb, has invested more than €200 million in the […]
Simon Coveney, Minister for Foreign Affairs and Trade, has officially opened a new expansion at BioMarin Pharmaceutical Inc. in Shanbally, Co Cork. BioMarin has recently extended its site footprint to 20 acres as the company continues to experience a rise in the global demand for its therapies to treat rare genetic diseases that mostly affect […]
Minister of State for Trade, Employment, Business, EU Digital Single Market and Data Protection, Pat Breen has launched the Propeller Shannon start-up accelerator programme, supported by Enterprise Ireland to further enhance the aviation and the aerospace start-up ecosystem within Ireland.
The Propeller Shannon start-up accelerator, a partnership between Shannon Group’s International Aviation Services Centre (IASC), DCU […]
Dublin Port Company has published its latest trade figures showing half-year growth of 2.9%, putting Dublin Port on track for a third successive record year. Overall, volumes in Dublin Port have grown by 28.8% in just five years.
Growth was driven by exports which were up by 4.4% with imports ahead by 1.9%. The first half […]
A new ‘virtual centre of competence’ is being created at Queens University in Belfast, after the EU’s INTERREG VA Programme pumped money into further bioenergy research. Billed with supporting cross-border research into bioenergy and marine-based renewable energy sources, the hub will see the creation of 40 new roles.
The €9.3m project will focus on heat, biogas […]
Crowe Horwath has partnered with Dublin Chamber to create the ‘Pinnacle Programme’, an initiative targeted at businesses with a turnover of at least €1 million and employing 10 or more staff.
The programme aims to support the leaders and owners of Irish SMEs in building lasting value in their businesses ensuring they achieve their full potential. […]
Ibec has called on the Government to show further ambition in meeting Ireland’s critical infrastructure and demographic needs. Launching the group’s Budget 2018 submission, Ibec said that the Government has more within its power to spend on investment in much needed infrastructure, education and training, if it so chooses.
Speaking at the launch of the submission, […]
AMI, one of Ireland’s leading secure IT retirement company, has revealed the results of a survey of senior IT decision-makers in Ireland, which found that almost one-third (32%) of organisations that use third-party IT retirement companies may be exposed to huge fines under the impending General Data Protection Regulation (GDPR) legislation. The companies admitted that […]
The National Competitiveness Council has published its annual benchmarking report, Ireland’s Competitiveness Scorecard 2017. The Scorecard provides a statistical assessment of Ireland’s competitiveness performance with regard to a range of countries with which we compete for trade and investment.
Based on the analysis herein, the Council finds that many facets of Ireland’s competitive performance continued to […]
Hartmut Pütz, President Factory Automation EMEA at Mitsubishi Electric Europe, talks about the digital transformation of industry. He focuses on the effects on manufacturing businesses, especially at a production level, and how customers will benefit from innovative Mitsubishi Electric solutions.
Manufacturing industry is currently undergoing a period of rapid change. In concrete terms this can be […]
Young tech firm Neurovalens has used Invest Northern Ireland support for research and development (R&D) to develop Modius, a weight loss device which combines neuroscience and technology to solve health issues. Neurovalens makes wearable technology which can modify metabolism rates, appetite and fat storage.
Congratulating the company, Invest NI’s Director of Innovation, Research and Development Dr […]
Address by Martin D. Shanahan CEO, IDA Ireland at the MacGill Summer School
Uncertainty is the “mot du jour” or more accurately the “mot de l’année”. It pervades the global, the political, the economic, and the business environments and it is to the forefront of the minds of investors. This uncertainty is driven by geo-political developments, […]