Industry & Business

Markets

Irish Manufacturing sector expands for 29th month in a row

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

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The Clarion Hotel Sligo on the market for €7m

The Clarion Hotel Sligo has been brought to the market by Savills on behalf of Receiver, Aiden Murphy of Crowe Howarth, with a guide price of €7m. The 4 star

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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

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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

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Largest growth for Dunnes Stores among Irish supermarkets

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

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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

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Starbucks and Fiat ordered to pay huge EU back taxes

    Starbucks and Fiat ordered to pay huge EU back taxes

The European Union is demanding that U.S. coffee chain Starbucks and carmaker Fiat repay up to 30 million euros each in tax breaks they received from EU nations, in a

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Irish manufacturing inches up from 18 month-low

    Irish manufacturing inches up from 18 month-low

After growing by over 5pc in 2014, Ireland’s economy is set to be the best performing in Europe again this year and manufacturing has expanded for 28 successive months, according

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Fastnet to abandon oil and gas for biopharma

    Fastnet to abandon oil and gas for biopharma

Fastnet Oil & Gas, the exploration company listed on the Dublin and London alternative investment markets, is to seek shareholder approval to switch to the biopharma sector and abandon its

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