The digital communications company, EE has issued a recall for all its Power Bar portable chargers because of a fault that can cause overheating and a “fire safety risk”. The
Company News
Hines, a US property giant is in position to buy One Spencer Dock, Ireland’s largest single office investment on Dublin’s North Wall Quay. The property giant outbid two other investment
Technology firm Asavie is to create 106 jobs in Dublin over the next 30 months. The company said it would be looking to fill roles in engineering, sales, product management, marketing and support.
Ireland’s largest hotels group Dalata has agreed to buy the Tara Towers hotel for €13.155m. Dalata said it plans to invest up to €4.5 million on renovating the three-star hotel, “in an
Pure Telecom has been selected to provide managed communications services for Ireland’s largest private healthcare centre, Blackrock Clinic. In a deal worth €217,000 over three years, Pure Telecom was chosen
French company Sanofi and German drugmaker Boehringer Ingelheim have entered exclusive negotiations to swap businesses. This move would turn the French company into a major force in consumer healthcare while Boehringer would
Dairy company Ornua, formerly the Irish Dairy Board, has sold a majority stake in its US speciality foods distribution business, DPI Foods, to Arbor Investments. The sale price was not disclosed
Alibaba Group Holding Ltd has signed a deal to buy the South China Morning Post and other media assets of SCMP Group for $266m, a deal that has raised a
Jaguar Land Rover, UK’s largest automotive manufacturing business, has signed an agreement with the government in Slovakia to build a new plant for the luxury car maker in the country.
Cork-based fraud prevention company, Trustev, has been sold to US listed company TransUnion for about $44 million (aprox. €40m). Under the terms of the deal, $21m in cash will be paid at
Energy utility SSE will be the first large corporate business in Ireland to become a Living Wage employer – guaranteeing all its employees a Living Wage of at least €11.50
IKEA Group, the world’s biggest furniture retailer, announced that net profit grew 5.5% in its fiscal full-year, mainly on the back of sales growth in existing stores. The company was
The property development group, Abbey, has reported pre-tax profits of €29.68m for the six months to the end of October, up from €16.99m the same time last year. In the
Stephen Kavanagh, the CEO of Aer Lingus, has been awarded over 110,000 share options at the airline’s new owner, IAG. The shares are currently worth close to €900,000 (£639,000), but
Dow Chemical and DuPont are talking merger, creating a chemicals giant with a market value of more than $120 billion that could then break up into different businesses, people familiar
The financial firm, Morgan Stanley plans to cut 1,200 jobs, or 2 percent of its global workforce, taking a severance charge of about $150 million. The charge will cover the
FBD Property and Leisure Limited (FBDPLL) has applied for planning permission for a €5.5 million upgrade of Castleknock Hotel and Country Club in Dublin. If successful, the planned 21,280sq ft expansion
Virgin Media Ireland has completed its acquisition of TV3. The €87m deal for UPC to take over TV3 was announced back in July, undertaken by UPC’s parent company, Liberty Global.
Facebook Ireland paid only €3.4 million in corporate tax last year in spite of revenues risen to €4.83 billion from €1.8 billion. The Dublin-based firm, which serves as Facebook’s international head
General Electric has walked away from a $3.3 billion agreement reached in September 2014 to sell its appliances business to Sweden’s Electrolux, terminating the deal after months of opposition from
The taxi-booking app, Hailo, has introduced HailoPay, a new service that will allow customers to pay for a non-booked journey via the app with their card. The new service will
Telecommunications company Eir has agreed to acquire Setanta Sports Ireland, the international sports broadcaster based in Ireland. The sum of the transaction is undisclosed. The company, which recently rebranded from Eircom,
Motorola Solutions announced that it would acquire Airwave for £817.5 million. The Walkie-talkie and radio systems maker expects its net cash payment to be approximately £700 million at closing, based on purchase price
Audi has appointed a new chairman and a new development chief as Volkswagen’s flagship luxury division struggles to recover from
Richard Branson announced that a 747 jumbo jet will be adapted for use as a launchpad for a Virgin Galactic
In November, at ABB’s Beijing factory the 10 millionth ABB low voltage drive rolled off the production line. The 10
Largest Irish convenience and fuel retailer, Topaz Energy Group, is to be acquired by the publicly quoted Canadian company Alimentation
The beermaker Anheuser-Busch InBev NV is looking to sell the Peroni and Grolsch brands as it works to gain regulatory
Microsoft’s Office 365 service has gone offline for many users in the UK and Europe on Thursday due to a problem
Ryanair has released a statement saying its passenger number grew by 21% to reach 7.71 million in November. This compares to 6.35
As part of Industry and Business TV we went along to DataCentres Ireland and spoke to a number of exhibitors,
Ryanair announced that it had launched High Court proceedings against both eDreams and Google to stop them misleading consumers by
Mondelez International, the owner of the Cadbury chocolate brand, has hired bankers to explore the sale of a number of
UTV Media shareholders have approved the £100m sale of its television business to ITV. The Northern Irish firm announced in
The global biopharma company, BMS, which focuses on helping patients prevail over serious illness, is growing operations, constructing a new
Zurich Insurance announced that chief executive Martin Senn was stepping down, with chairman Tom de Swaan immediately taking temporary charge
A leading worldwide private aircraft charter operator is establishing a base in Co Clare. Athens-based GainJet Aviation has begun the
Valmet Automotive and Mercedes-Benz have announced that Valmet Automotive will start manufacturing additional units of the Mercedes-Benz GLC SUV at
Bakery equipment specialist Dowson Food Machinery is relocating to a new factory in Keighley, West Yorkshire, which will enable the
Volkswagen will have to recall 2.46 million cars fitted with the illegal emission control software in Germany alone, newspaper Die
ARYZTA , the global food business with a leadership position in speciality bakery has reported a 6.1% increase in group
Origin Enterprises has reported a slower start to the 2016 financial year for the seasonally quiet first quarter, but the Group
Enterprise Ireland has ranked third in the world for its seed investment activity, following San Francisco-based SV Angel and french
NTR plc reported a profit of €72.6 million for the first half of the 2016 financial year as part of
Tesco will pay $12m to settle legal action by US shareholders which claimed last year that accounting irregularities inflated the
Ryanair held on 25th November its annual European Works Council meeting in Dublin where it announced that it had concluded
Penney’s has opened its second US store in Philadelphia, under the brand name Primark. The store, located at the King of
Eir – formerly Eircom – posted a second consecutive quarter of revenue growth and a third consecutive quarter of EBITDA
Leading Irish law firm William Fry has announced it is opening an office in San Francisco in 2016. This move
London-headquartered Deliveroo, the on-demand restaurant delivery service, said on Tuesday that it has raised $100 million to fund further expansion
Galway-based medtech company Aerogen has announced it plans to create 20 jobs in 2016. Aerogen just recently won the 2015
Team Horizon, the global life-science services firm, has expanded its global footprint with the announcement of a new office in
French investment firm Eurazeo has said that it plans to pay up to €335m to buy 90 percent of Irish
Voxpro and Bon Secours hospital are expected to make two big job announcements today in Cork. Voxpro has been in
Pfizer is in talks to acquire Allergan in a $370 to $380 deal for each Allergan share, the global drug industry’s
According to the Irish Times, Ireland’s biggest telecoms group Eir is in talks to acquire television broadcaster Setanta Sports. Once the a
Alternative Heat is to create 23 new jobs with the expansion of its manufacturing facilities in Castlewellan, Co Down. Alternative
Dublin-based Davra, an internet of things (IoT) company has secured significant funding from AIB resulting in 15 jobs for Ireland. Davra
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