Industry & Business

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Aston Martin to open new factory in South Wales

Aston Martin, famous James Bond car maker,  is to open a new factory in South Wales, creating more than 750 jobs. The luxury marque will build its new DBX model

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Irish broadband prices almost double EU average

Prices for fixed broadband in Ireland are almost double the EU average, according to the latest digital scoreboard from the European Commission. The annual survey shows that since last year

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Strike action planned at Dublin Cadbury plant

Cadbury’s operations in Ireland face disruption from next Thursday as SIPTU and Unite have served strike notice on the company. Unite Regional Coordinating Organiser Richie Browne said that workers were

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Asavie and Eir team up to bring IoT to Irish firms

Asavie, an enterprise mobility management firm, and Eir Business, the telecoms provider, have launched IoT Connect, a new service that will allow Irish firms to use the Internet of things

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201 jobs to go with Brinks closure

The Brinks security cash-in-transit company is to close its Republic of Ireland operation with the loss of 201 jobs, mostly in Dublin. A company spokesperson has stressed the closure will

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UK’s biggest businesses back campaign against Brexit

Bosses at more than a third of Britain’s biggest businesses have come out in support of the campaign for the country to remain in the European Union. Asda, BT, Marks

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Facebook a valuable ally to the wireless industry

Facebook CEO Mark Zuckerberg has tried to extend an olive branch to mobile phone companies, on which the popular social network company increasingly relies, but which are also among his biggest

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Daa to manage Saudi airport terminal

Daa International has secured a multi-million deal to manage and operate the new terminal 5 at Saudi Arabia’s King Khaled International Airport in Riyadh. The new terminal has a capacity

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Plastics are Future will meet in Valencia

AIMPLAS is holding on 26 and 27 April an international meeting, where they will be tackled the future of plastic materials and the latest innovations of sectors such as medicine,

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Allergan reports higher than expected Q4 revenue

Allergan, which is being bought by Pfizer, has today reported better than expected revenue. The company said its results were helped by strong performance in its US brands segment, which sells

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SuperValu reports sales of €2.6 bn

Supermarket group SuperValu has reported sales of €2.6 billion in 2015 and it said it now has 25% of the total market share. The retailer, which is owned by Musgraves,

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30 jobs & €5.5m investment for Kneat software company

Limerick software company Kneat has secured a €5.5m investment from Canadian firm Fortune Bay, which it plans to use for expansion, in the course of which it will hire 30

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Branson to unveil “Virgin Galactic SpaceShip 2”

Richard Branson is set to unveil the new Virgin Galactic SpaceShipTwo as the company pushes ahead in the race to send passengers into space. Appearing on Good Morning Britain, the

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Norwegian airline’s Cork plans on hold

Norwegian airlines announced planned flights from Cork to the US have been postponed pending receipt of a permit to enable the flight plan to commence. A spokesperson from Cork Airport has said

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60 jobs at risk at Cameron in Longford

Up to 60 jobs may be lost at the Cameron plant in Longford Town. All 270 staff at the company were called into a meeting Thursday afternoon, and were told

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€35m investment in Elm Park estate in Dublin

Two investment companies, the US-owned Starwood Capital and Irish firm Chartered Land, are to partner to spend €35m to reposition and develop Elm Park, a large-scale office and residential space

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Bord na Móna to build €20m smokeless fuel plant in Limerick

Bord na Móna says it has secured planning permission from Limerick Co Council for a €20m smokeless fuel plant in the port village of Foynes, which will create 60 jobs

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KBC Bank reports operating profit for 2015

KBC Bank Ireland has today reported an operating profit of €119m before tax and impairment costs for full-year 2015. The bank reported loan impairment costs of €48m for 2015. According

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Belgium: EIB signs loan deal with Puratos

With more than 70 years of expertise in producing and delivering ready-to-use mixes and toppings, Pennant Ingredients, located in Rochester, New York, generates more than 70 million dollars in sales and employs

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Aerogen to represent Ireland in top European Business Awards

Aerogen, the global leader in aerosol drug delivery, has been named as a Ruban d’Honneur recipient for excellence in innovation and financial success in the prestigious 2015/2016 RSM European Business

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Credit Agricole unviels new ownership structure

Credit Agricole has promised stable investor returns and a solid capital base in the future as the French bank outlined plans to simplify its much-criticised ownership structure. Its chief executive

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Deniel Ek:”Spotify saved the music industry from decline”

Founder of the digital music service Spotify, Daniel Ek, claims his firm to have saved the music industry from constant decline during the download era. Mr Ek’s service has been

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Study shows Ireland is least complex country for business compliance

Ireland is the least complex country in the world for businesses to stay compliant with corporate regulation and legislation, according to a new study. The annual TMF Group’s Global Benchmark

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AMBER researcher awarded €2.5m grant

An AMBER, the Science Foundation Ireland funded materials science centre, researcher, Prof. Valeria Nicolosi, has been announced as a recipient of

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Vodafone pays €1bn to Liberty for Dutch joint venture

UK mobile giant Vodafone and John Malone’s cable company Liberty Global agreed last night to combine their operations in the

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EDF to extend life of 4 UK nuclear power stations

EDF Energy, the British arm of French giant EDF, will extend the life of four of its UK nuclear power

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Fry’s startup is a “Pinterest for education”

Stephen Fry has quietly co-founded a startup that bills itself as a “Pinterest for education”. The company called Pindex launched this month, and

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Engineering sector calls for repatriation tax breaks

Team Horizon, the global life sciences engineering solutions provider with an expert focus on the pharma and biopharma manufacturing processes,

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500 jobs to be created by three firms

500 new jobs by three different companies have been announced for counties Dublin, Carlow, Cork and Tipperary. The majority of the

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APC opens new Dublin HQ and creates 100 high-skill jobs

100 new high-skill jobs are to be created in Dublin over the next 18 months by a pharmaceutical research company.

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Dalata to build 181-bedroom hotel in Dublin

Ireland’s largest hotel operator Dalata has announced the acquisition of a site in Dublin on which it intends to develop

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AXA relocating roles from Dublin to Derry

AXA Insurance has confirmed  it is relocating roles from Dublin to Co Derry. In a statement the company said net job

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Dundrum Town Centre posts profits of €941m

Hammerson, the owner of Dundrum Town Centre has reported an increase  of 4% in its annual profits up to £726.8m (€941.8m). The

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Aspira aquires B-TEC Solutions and creates 50 jobs

Aspira, the Irish-owned enterprise IT project specialists, has announced it is to create 50 new jobs as well as to

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Cairn Homes and Hines Ireland deal for Cherrywood

Cairn Homes, the Irish house-builder and real estate firm, Hines Ireland agreed on a deal to purchase two sites in Cherrywood,

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LinkedIn: 25 skills that get Irish hired

Business-oriented social network, LinkedIn has unveiled the 25 top skills that got Irish professionals hired last year. It is the

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Exxon, Eni and Statoil win Irish offshore licences

The Government has awarded oil and gas licences to companies including oil majors Eni, Exxon and Statoil, allowing them to

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Pernod Ricard cautious on China

The situation in China remains challenging for spirits company Pernod Ricard and sales in its second biggest market could fall

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Nokia posts strong network result

Finland’s Nokia has today reported better than expected profits for its mainstay telecom network equipment business. But the company also warned

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Duma Combi – a tablet container with space for information leaflet

People who take medication know how important the patient information leaflet is, but they also never know where to put

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Start-ups backed by EI to create 1,500 jobs

Over 1,500 jobs are to be created across 105 high-potential start-ups (HPSUs) over the next three years supported by Enterprise Ireland,

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Smurfit Kappa’s pre-tax profits rose 58%

Irish packaging giant Smurfit Kappa has reported a 58% jump in its pre-tax profits while revenue in the firm remained

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Ryanair is now Ireland’s biggest listed company

Ryanair became Ireland’s biggest indigenous company by market capitalisation yesterday, overtaking CRH, the previous holder of the title. The airline’s market capitalisation

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Tullow Oil’s revenues drop by 27%

The Irish oil and gas explorer Tullow Oil has posted a full year loss of $1bn (€886m) for 2015 as

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Hutchison seeks EU approval for Vimpelcom merger

Hutchison Holdings has started formal proceedings to get EU approval for merging its Italian mobile telecoms business with Vimpelcom’s. This

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BT finance chief to step down

Telecoms giant BT confirmed that it has begun a search to replace its long-serving group finance director. The company announced that Tony

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Daft.ie: housing supply hits record low

A report today indicates that housing supply was at its lowest point on record at the beginning of this month. The

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FBD Holdings appoints new head as CRO

FBD Holdings has appointed David Costello as the new chief risk officer for FBD Insurance. Mr Costello joins FBD from

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Viacom to sell Snapchat ads in multi-year deal

Viacom is said to be extending its deal with Snapchat which will allow it to sell advertising on the mobile

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Alexa Chung teams up with M&S

TV presenter Alexa Chung is to tie up with Marks & Spencer to launch a fashion collection inspired by the

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Summer bookings for Turkey slump 40%

London-based TUI Group, the world’s largest tour operator, said bookings to Turkey this summer were down around 40% due to

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Career Zoo: 70% people to change jobs in 2016

Despite a range of tempting perks offered by employers to attract talent, salary and the likelihood of promotion are the

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Mexican Ambassador visits CONNECT Centre

The Mexican Ambassador to Ireland, Mr Carlos García De Alba, has praised the FORGE project at the CONNECT Centre in

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Over 100 jobs for Belfast Airport

More than 100 jobs are being created at Belfast International Airport. The 85 full-time and 30 part-time posts will be across

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Ryanair carries 7.5m passengers in one month

Ryanair carried a record 7.5 million passengers last month, according to the airline’s latest figures. That marks an increase in traffic

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Microfinance Ireland approves €5.4m in loans

Microfinance Ireland has said 930 jobs were supported in small companies last year, after it approved €5.4m worth of loans.

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Corporate Integration of Virtual Reality for the Future opened

On Friday, January 22, 2016 the VR Center was presented for the first time to a select audience, namely to

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Team Horizon appoints chief technology officer

Team Horizon, the global life sciences engineering solutions provider with an expert focus on the pharma and biopharma manufacturing processes,

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