Industry & Business

Tag "Ireland"

Ireland Records Lowest Annual Inflation in the Eurozone

    Ireland Records Lowest Annual Inflation in the Eurozone

Ireland’s annual inflation rate was recorded as 0.2% in January 2017, the lowest in the Euro Area which saw an inflation rate of 1.8% , up from 1.1% in December 2016, according to figures released by Eurostat, the statistical office of the European Union, on Wednesday.  In January 2016 the rate was 0.3%. European Union annual inflation […]

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What Needs to Change in Ireland if we Want to be a Real Global Leader in R&D

    What Needs to Change in Ireland if we Want to be a Real Global Leader in R&D

Post written by Ian Collins, Partner at EY Ireland. Previously published on Fora.ie
The burden for small firms investing in research should be lifted.
Ireland’s tax regime already ranks among the best in class internationally and allows companies to claim significant cash refunds for their research efforts – in turn facilitating the creation of jobs and ultimately driving the […]

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Service Sector New Order Growth Sees Five-Month High

    Service Sector New Order Growth Sees Five-Month High

Rates of expansion in the Irish service sector saw a boost at the end of 2016, with new orders, activity, and employment all rising at faster rates and new business from abroad returning to growth, according to the Investec Services Purchasing Managers Index, released on Thursday. The report also showed a marked pick-up in sentiment […]

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ECJ Finds Ryanair, Aer Lingus Received State Aid

    ECJ Finds Ryanair, Aer Lingus Received State Aid

The European Court of Justice (ECJ) decided on Wednesday to reject an appeal on behalf of Aer Lingus, Ryanair, and the Irish State. The ECJ found that the airlines received state aid in the form of reduced air travel tax, and ordered that the amount of aid received must be paid back to the state, […]

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EC Publishes Apple Tax Ruling

    EC Publishes Apple Tax Ruling

The European Commission on Tuesday published its ruling on August 30 that Ireland effectively granted state aid to Apple. The release comes after the Departmnet of Finance published its legal arguments against the decision on Sunday, saying “Ireland does not accept the Commission’s analysis, which is why we have lodged an application with the General […]

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Most CFOs Confident About Economic Prospects – PwC

    Most CFOs Confident About Economic Prospects – PwC

Eight out of ten CFOs were confident about prospects for the economy in the year ahead, according to a survey executed in Summer 2016 by PwC. The survey report, released on Wednesday, shows that Irish financial leaders expressed concern about maintaining margins (69%), controlling costs, especially labour costs (44%) and the lack of skilled employees […]

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UDG Healthcare Announces 8% Increase in Operating Profit

    UDG Healthcare Announces 8% Increase in Operating Profit

Dublin-based Healthcare services provider UDG released preliminary results of their financial year on Thursday, November 24, which showed an 8% increase in operating profit for continuing operations over 2015. The results for the year ending on September 30 show increases in revenue, operating profit, profit before tax, earnings before interest, taxes, depreciation and amortization (EBITDA) […]

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Ireland’s Tax System ‘Most Effective’ in EU, Says PwC Report

    Ireland’s Tax System ‘Most Effective’ in EU, Says PwC Report

A report by PwC and the World Bank Group, released on Tuesday, November 22, says that Ireland is the most effective country in the EU for paying business taxes, and the fifth most effective in the world.
The report, which covers 190 countries worldwide, found that Ireland’s tax system is the most efficient in the EU […]

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Record Number of Collaborative Agreements Signed Between Industry and Researchers in 2015

    Record Number of Collaborative Agreements Signed Between Industry and Researchers in 2015

Research by Knowledge Transfer Ireland found that 748 collaborative new research agreements between research performing organisations and industry were signed in 2015, a record number, according to a November 18 report by Department of Jobs, Enterprise and Innovation. This was an increase of 16% over 2014.
Results of the Annual Knowledge Transfer Survey, which tracks activity […]

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14,270 Days Lost to Industrial Disputes in the Third Quarter of 2016

    14,270 Days Lost to Industrial Disputes in the Third Quarter of 2016

Figures released by the Central Statistics Office on Thursday, November 18, show that 14,270 days were lost to industrial disputes in the third quarter of 2016. The figures can be compared to the second quarter of 2016 where 1,127 days were lost to industrial disputes, or the third quarter of 2015 where no disputes were […]

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Telefex Opens International Headquarters in Athlone

    Telefex Opens International Headquarters in Athlone

US surgical device provider Telefex opened its newly-constructed Global Operations and International headquarters in Athlone on Tuesday, November 15.
The 45,000 square-foot facility, located in the IDA Business & Technology Park, houses a laboratory and office space and is intended to serve as the location for Teleflex’s global operations. Teleflex has operated in Athlone since 2007, […]

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Minister for Employment and Small Business Leads Trade Mission to India

    Minister for Employment and Small Business Leads Trade Mission to India

The Minister for Employment and Small Business and TD for Clare, Pat Breen began a five-day trade mission to India on Tuesday, November 15, according to Enterprise Ireland. The trip, which will see Breen visit Mumbai, Bengaluru and New Delhi, is intended to develop trade and political links between Ireland and India.
The programme of official […]

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CSO Estimates 3.7 Billion Euro Trade Surplus for September

    CSO Estimates 3.7 Billion Euro Trade Surplus for September

Preliminary figures released by the Central Statistics Office on Tuesday, November 15, indicate that Ireland’s seasonally adjusted trade surplus will fall to €3.7 billion in September 2016, from €4.6 billion in August.
The value of goods exported in September 2016 rose by 6% to over €10 billion compared to the previous year, largely driven by a […]

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Continuous Manufacturing tops the bill at BioProduction Congress

    Continuous Manufacturing tops the bill at BioProduction Congress

Another strong endorsement of Ireland’s place in the pharmaceutical and biotech world came last month, when it became the venue for the BioProduction Congress. A global event with speakers and exhibitors from around the world, the conference took a deep dive into the nitty gritty, and the finer details, of modern biomanufacturing at the CityWest […]

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Over 7,300 community projects supported by US companies in Ireland last year

    Over 7,300 community projects supported by US companies in Ireland last year

Ireland leads the way in terms of volunteer participation across Europe, and is well above average in terms of civic engagement, social support networks and trust in institutions, according to new figures.
A new report from the American Chamber of Commerce has highlighted the positive social impact of US investment in Ireland, with around 7,300 community […]

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Growth at AMI brings 15 new jobs and €1.1 million investment

    Growth at AMI brings 15 new jobs and €1.1 million investment

IT retirement company AMI has announced an investment of €1.1 million that will see the creation of 15 new jobs as it expands its Irish operations.
With locations North and South of the border, AMI specialises in the secure, safe disposal of IT assets that can generate revenue back for their customers.
According to the Asset Disposal […]

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Irish wind energy sector to create 1,100 jobs by 2020

    Irish wind energy sector to create 1,100 jobs by 2020

A new survey of companies carried out by the Irish Wind Energy Association (IWEA) suggests that the wind energy industry has delivered 300 new jobs a year since 2013, with growth potential pinpointing a further 1,100 new jobs in the sector by 2020.
Over 150 energy companies took part in the survey, indicating that economic projections […]

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Tesco’s sales in Ireland rise 0.2% in “highly competitive” market

    Tesco’s sales in Ireland rise 0.2% in “highly competitive” market

Tesco may not be out of trouble yet after a turbulent few years, but there was nevertheless positive signs as it published its latest set of financial results.
Shares at Tesco began to fall in 2011, and have kept on falling, culminating in an accounting scandal that wrote off £263 million in profits towards the end […]

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Vodafone to increase Irish workforce to 2,000 in latest recruitment drive

    Vodafone to increase Irish workforce to 2,000 in latest recruitment drive

Vodafone Ireland has announced the creation of 60 new technology and digital specialist positions over the next year to 18 months, bringing their total number of employees in Ireland to 2,000.
Already, 25 of these new roles have been filled this year to date following significant investment from the company in its IT infrastructure and customer […]

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Skills gap remains an issue despite positive economic outlook

    Skills gap remains an issue despite positive economic outlook

A new report compiled by Hays has found that while Ireland’s overall economic outlook is positive, a growing skills gap in industries such as tech and construction is an important issue.
Economic growth in Ireland has been on a steady upward curve, with unemployment down from 9.4% last year to 7.8% this year. The report found […]

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Fort Wayne Metals expands in Castlebar with €10 million investment

    Fort Wayne Metals expands in Castlebar with €10 million investment

Fort Wayne Metals has announced a €10 investment to expand its production operations in Castlebar, with 40 jobs to be created over the next five years.
The company is a leading supplier of precision wire and components for medical devices. Their products are used in tools such as stents, pacemaker leads, endoscopy, orthopaedic devices and more.
Founded […]

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Biopharma Engineering creating 70 jobs over the next three years

Biopharma Engineering has announced that it will create 70 jobs over the next three year, after opening a new office in Dublin.
Speaking at the office opening, Minister for Jobs, Enterprise and Innovation Mary Mitchell-O’Connor said the 70 new positions will be highly skilled graduate jobs.
It is expected that 20 new positions will be created in […]

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Jameson sales continue to grow

According to full-year reports from Pernod Ricard, Jameson sold 5.7m cases of whiskey around the world in the 12 months to June. This is Jameson’s 27th consecutive year of growth.
Jameson sales rose 12% in volume terms and 16% in value terms during the period, recording double- and triple-digit growth in 62 markets globally.

Pernod Ricard Chairman and CEO Jean-Christophe Coutures […]

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VistaMed creating 150 jobs in a €10m investment

VistaMed a Co Leitrim medical devices company is to create more than 150 new jobs in a €10m investment. VistaMed is a global supplier of medical devices currently employing over 300 people at two manufacturing operations in Leitrim.
Some 37 of the positions have already been filled with recruitment now under way for a further 163 jobs at the plant in […]

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72 jobs at risk in Lakeland Dairies

72 jobs are at risk in Lakeland Diaries Banbridge facility.

The Cavan headquartered company is to alter production schedules at its Down facility.

Lakeland Dairies has confirmed it intends to switch production at Banbridge to a “seasonal processing schedule from September onwards”.

A spokesperson said Lakeland Dairies is consulting with staff at Banbridge on the implementation of these […]

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Dale Farm announces 60 new jobs

Dale Farm has announced that it will be creating 60 jobs for Co. Tyrone. The company has decided to go ahead with its £7m investment in a new cheese processing and packing plant.

The Economy Minister in the Northern Ireland Executive, Simon Hamilton, today unveiled Dale Farm’s new cheese processing and packing facility. This follows Dale Farm’s £7 […]

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Zevas Communications creating 40 jobs

Cork-headquartered Zevas Communications has announced that it will be creating 40 jobs across its Cork and Dublin offices.
The company which is a provider of outsourced customer support, has said that the new positions follow a period of sustained growth and expansion, with the headcount at the firm set to rise from 145 to 185.
The majority of the 40 […]

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Surge in jobs for Construction and Property professionals

Hays Ireland, a leading construction recruitment firm has reveled that the demand for professionals in the construction and property sector has surged 40% in July, compared to this time last year.
The recruitment agency also reveled that Architects were the most sought after up 60% but there was also strong demand for contract managers, quantity surveyors […]

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One Spencer Dock sells for €242m

One Spencer Dock, has been sold to London’s AGC Equity Partners for €242m.
One of Dublin’s highest-profile office developments is currently occupied by PwC, which has has signed a 25-year lease from 2007 to 2032.
The building is nine storeys high and comprises of  21,000 sq m of office space. It also features a basement with 100 car parking spaces.
The ‘big four’ […]

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Pulsate creating 40 new jobs as it expands its team in Ireland and the US

Pulsate has announced that it will be adding up to 40 jobs as it expands its team in Ireland and the United States.
At the moment the company currently employs 20 people, split between its offices in Dublin, where the company’s engineering is done, and in San Francisco, where it has a small sales team.
The mobile […]

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8% drop in availability of professional jobs

The number of professional jobs available in Ireland last month has dropped 8% when compared with the same time last year, though the figure was higher than it had been in June.
The latest Employment Monitor conducted by Morgan McKinley shows the availability of professional job opportunities rose by 2.4% to 11,909 month-on-month in July with pharmaceuticals, […]

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Lidl announces 600 new jobs for Ireland along with a €110m investment

Lidl has announced that it will be creating 600 jobs in Ireland over the next two years. The German supermarket chain also announced that it will be pushing ahead with its €110 million capital investment plan of store improvements and greenfield expansion.
The company is expanding due to significant growth in market share and needs new staff to support […]

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DMS Announce Expansion at its Irish Operations

Minister for Jobs, Enterprise & Innovation Mary Mitchell O’Connor TD today officially announced the expansion of DMS operations in Ireland, with the opening of their bespoke, modern office in Dublin which will accommodate their growing team. Building on their success to date, DMS plan to hire an additional 50 new staff, in risk, trade execution, […]

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Guinness sales boost Diageo performance

Sales of Guinness sales both on the island of Ireland and globally rose by 4% in the year to the end of June, according to results announced from Diageo.

Diageo said the increase was due to “continued successful innovations” from its Brewers project.

“Hop House 13 Lager has proven to be a stand out success gaining almost 3pc […]

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Hammerson takes ownership of Dundrum Town Centre

British investment and commercial property development company, Hammerson has taken ownership of Dundrum Town Centre in Dublin together with its joint venture partner the German-owned Allianz Real Estate.
Hammersons has secured loans against Dundrum retail assets from the National Asset Management Agency (NAMA) for €1.85bn.
These assets were part of NAMA’s Project Jewel portfolio Hammerson and Allianz were picked as the preferred bidder […]

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Glan Agua creating 60 jobs for Galway

Glan Agua a company specialising in waste water treatment is to create 60 jobs in Co Galway.
The company is doubling its existing workforce with an expansion of its Irish and UK headquarters.
Glan Agua was established in Ballinasloe in 2008 and is a subsidiaries of Mota-Engil which is expanding its operations in the Republic through the two companies […]

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Damovo invests €1.5m in customer operations and increases countries

Damovo, a leading enterprise communications solutions and services provider, announces that it has invested €1.5 million in training, systems and software development, as it brings the total number of countries supported from Ireland to 76. This makes the Irish Global Centre of Excellence one of the busiest in the Damovo Group. Key regions managed include […]

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Ireland secures access to the US beef market

Ireland will now be able to increase its exports to the US after an agreement between the two countries was agreed. The new agreement could be worth millions of euro to the industry here.
The US authorities have agreed that Ireland will be the first EU member state in more than 15 years to export manufacturing […]

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C&C’s sales boosted with good weather

Cider sales at Irish drinks company C&C have boosted with the good weather Ireland received in March and May as the volume of Bulmers shipped jumped by 9pc in the three month period to the end of May.
In a statement released to shareholders this morning C&C said that “decent weather” had helped the Bulmers brand.
“There is momentum in […]

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IDA Ireland Reports Strong First Half to 2016

IDA Ireland, the inward investment agency of the Irish Government, has today reported a strong first half of 2016 as Ireland continues to be one of the strongest performers in Europe in the foreign direct investment (FDI) sector.
Investments approved by IDA in the first half will lead to the creation of 9,100 jobs as companies roll […]

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Manufacturing growth at 3 month high

Ireland’s manufacturing sector recovered to a three-month high last month, according a survey concluded the day before the Brexit vote.
The Brexit decision is expected to hurt the Irish economy.
The Investec Manufacturing Purchasing Managers’ Index rose to 53 in June from 51.5 in May, when it slowed to its lowest reading in almost three years amid Brexit […]

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SuperValu creating 60 jobs for Kildare

SuperValu has announced that it will be creating 60 new jobs with its new store in Kilcock, Co Kildare.

The €7 million, 12,000 square foot store will be located in The Square and will be operated by local retailers Steven Nally and Edward Casey.

The site that the new store will be situated was bought from Kildare County Council […]

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90 jobs lost in Co Westmeath

Imperial Tobacco is closing its manufacturing facility in Mullingar, Co Westmeath with the loss of nearly 90 jobs.
The company said it expects most of its employees will leave over the next 4 months
The factory, whose brands include Golden Virginia and Drum has been in operation since 1967. The decision to close the facility follows on from a […]

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New Study Shows That Workers Expect to Change Rolls After Two Years

As a result of a recent study, it was found than many Irish people feel the need to change jobs in order to gain new skills, gain new experience, and stay up to date in a rapidly changing world.

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AA Ireland sold to Carlyle Cardinal Ireland for €156.6m

AA Ireland has been sold to Carlyle Cardinal Ireland in partnership with Carlyle Global Financial Services Partners for €156.6m, which includes consideration for cash left on the balance sheet.
AA employs 430 people in Ireland and has been in operation here for over a century.  The deal for the insurer is expected to be completed by the end of July.

AA […]

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Dalata begins operating on the Dublin and London Stock Markets

Hotel operator Dalata has begun operating on the main markets of the London and Dublin stock exchanges.

Trading in the group’s stock commenced at 8am with shares cancelled on the AIM and ESM markets at the same time.

The hotel group is Ireland’s largest hotel operator, with a current portfolio of 40 three and four star hotels […]

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Next Generation Recruitment creating 80 jobs for Dublin and Krakow

Next Generation Recruitment has announced that it will be creating 80 new jobs in Dublin and Krakow over the next two years.
The jobs will be aimed at technical professionals, with the company seeking to recruit software developers, data scientists and digital marketers.
The company currently employs 35 staff in Dublin and eight in Poland.
Founder and CEO of the […]

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Pilz Ireland acquires site to build a campus supporting expansion of operations in Ireland

Operating in Ireland since 1998 Automation Technology company Pilz Ireland has recently finalised the purchase of a site adjacent to its existing facility from the IDA in the Cork Business & Technology Park, Model Farm Road, Cork. Pilz Ireland is the Irish subsidiary of Pilz GmbH & Co KG, a leading international automation technology company […]

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Hundreds of jobs at risk in Athlone and Dublin

Hundreds of jobs could be at risk in Athlone and Dublin if Swedish telecoms equipment maker Ericsson goes ahead with its plans to lay of thousands of staff globally.
If plans go ahead the job cuts are due to happen this summer. The giant firm is considering further cost cuts due to slowing markets.

Ericsson is one of Europe’s […]

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ZELTIQ® Aesthetics, Inc. to establish European manufacturing facility in Galway

ZELTIQ® Aesthetics, Inc. (NASDAQ: ZLTQ), a medical technology company focused on developing and commercializing products utilizing its proprietary controlled-cooling technology, today announced that it is establishing a European manufacturing facility in Galway, which is expected to create  circa sixty jobs over the next eighteen months.
The U.S.-based company is headquartered in Pleasanton, California, where it also […]

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Turkey Approves the Import of Irish Cattle

While Irish beef farmers were fearing the affects of the rising herd numbers, agents from Turkey bought thousands of live cattle.

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60% of Irish-based businesses do not understand data regulations – Equinix survey

Maurice Mortell, Managing Director of Ireland and Emerging Markets, Equinix
Equinix, Inc. (Nasdaq: EQIX), the global interconnection and data centre company, today announced results of a survey of senior IT decision-makers based in Ireland, which found that 60% of them are unsure about current data regulations. The results were announced at the official Equinix Lands in […]

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Datalex creating 100 jobs for Dublin

Datalex has announced that it will be creating 100 jobs for Dublin over the next 18 months.
The new positions are part of 200 jobs announced across the travel software company’s global divisions.
The 100 Irish-based roles will be filled at Datalex’s newly renovated offices in East Point Business Park, Dublin.
The remaining posts will be created worldwide, including China, […]

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Seagate announces 70 job cuts

Seagate has announced that it will lay off 70 workers in its Springtown facility in Derry.
The US company, which makes hard drives and develops other top-of-the-range products, said it is being forced to cut its workforce in the North.
“It is not easy to make decisions that affect people’s lives in this way, but we believe this is […]

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EY announces 270 jobs

EY has announced that it will be creating 270 jobs for Dublin, Cork, Limerick, Waterford and Galway.
The accountancy company, formerly known as Ernst & Young currently employs 1,800 people in Ireland and has said the growth is being fuelled by high demand for services such as cyber security and fraud investigation.
220 jobs will be for experienced professionals, while […]

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Medtronic reports net profit above analysts’ estimates

Medtronic has reported a quarterly net profit slightly above analysts’ estimates, helped by higher sales in its cardiac and vascular unit.
Sales in the cardiac and vascular unit rose 5.4 per cent to $2.74 billion, accounting for about 36 per cent of its total sales. The world’s largest standalone medical device maker said it sees full-year 2017 […]

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Level of unemployment falls to 7.8% for May

According to the latest figures from the Central Statistics Office the level of unemployment has continues to fall for the month of May as the seasonally adjusted unemployment rate fell to 7.8% from April’s rate of 7.9%
The figures show that the seasonally adjusted number of unemployed stood at 169,700 in May, down 1,500 from April.
It also marked a […]

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Tiger to open 12 more Irish Stores by 2017

Tiger has announced that it plans to open 12 new stores in Ireland by 2017. The Irish company that runs the chain of retail stores has also announced that it will be rebranding the group as Flying Tiger Copenhagen next month.
Gillian Maxwell, who established the Irish arm of Tiger with her husband Niall Stringer said that […]

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