Industry & Business

Markets & Equities

Manufacturing Production Accelerates at Fastest Rate in 17 Months

    Manufacturing Production Accelerates at Fastest Rate in 17 Months

The Irish manufacturing sector showed further signs of recovery following the UK’s decision to leave the EU, with business conditions strengthening to the greatest extent in almost a year-and-a-half during December, according to a report on released by Investec and IHS Markit on Tuesday. The improvement was supported by faster growth in output, new orders […]

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MDO Management Company to Open Dublin Branch

    MDO Management Company to Open Dublin Branch

MDO Management Company S.A., a privately held company based in Luxembourg, will establish a branch in Dublin, Minister for Jobs, Enterprise and Innovation Mary Mitchell O’Connor announced on Friday. MDO Management Company Ireland plans to create 30 roles in risk management, compliance, business development and administration over the next few years.
MDO Management Company currently acts […]

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Value of Irish Money Market Funds Decreased by €16 Billion in September

    Value of Irish Money Market Funds Decreased by €16 Billion in September

Net asset value of money market funds (MMFs) in Ireland decreased by €16 billion to €444 billion in September 2016, according to statistics on money market funds during the third quarter of 2016, released by the Central Bank on Tuesday, November 29. This decrease was largely driven by devaluations of the Sterling which makes up […]

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Medtronic Releases Second Quarter Financial Report

    Medtronic Releases Second Quarter Financial Report

Dublin-headquartered medical device company Medtronic reported the financial results of its second quarter on Tuesday, November 22.
The company reported second quarter worldwide revenue of $7.345 billion, an increase of 4 percent, or 3 percent on a constant currency basis, however Medtronic CEO  Omar Ishrak said that second quarter revenue was “disappointing and did not meet […]

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State Prepares to Sell Shareholding of AIB

    State Prepares to Sell Shareholding of AIB

The Department of Finance announce on Thursday, November 17, that they have launched a competition to appoint investment banks to help coordinate in a potential Initial Public Offering (IPO) of Allied Irish Bank. The coordinators will be appointed for a 18-month period, into 2018. The department cautioned that the Minister for Finance has not given […]

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Brexit Hits Irish Stock Market

Many of Ireland’s largest companies are seeing downgraded stock ratings as recent analysts are predicting lower earnings as a result of the Brexit.

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