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Ransom payments to cyber criminals on the rise as Irish businesses grapple with threats

Ransom payments to cyber criminals on the rise as Irish businesses grapple with threats

Medium and large-sized business expect to invest €1.18m to boost defences in the next year, according to Expleo survey

Fri Aug 23 2024 - 00:15
Claridge’s owner sinks to €91m loss despite strong post-Covid rebound

Claridge’s owner sinks to €91m loss despite strong post-Covid rebound

Luxury hotel group is at the centre of a legal dispute between Paddy McKillen and a Qatari royal

Thu Aug 22 2024 - 20:28
Markets sluggish as investors continue to pile into gold

Markets sluggish as investors continue to pile into gold

Iseq index adds 0.3% as financials move higher

Wed Aug 21 2024 - 17:46
VHI to hike premiums for second time in 2024 amid ‘sustained’ cost increases

VHI to hike premiums for second time in 2024 amid ‘sustained’ cost increases

Change will be implemented from October 1st, State-owned insurer says

Wed Aug 21 2024 - 12:34
Zurich-listed electrical manufacturer to buy Cavan firm for €250m

Zurich-listed electrical manufacturer to buy Cavan firm for €250m

Deal will see MML Capital Ireland exit its roughly 60% stake after backing a management buyout at Kyte Powertech in 2020

Tue Aug 20 2024 - 13:11
Credit unions want easier lending rules amid strong mortgage demand

Credit unions want easier lending rules amid strong mortgage demand

Mortgage lending jumped 10% across the Irish League of Credit Unions’ membership base in the third quarter

Tue Aug 20 2024 - 00:01
Corre Energy parent pledges 15.4% stake in Dublin company as loan security

Corre Energy parent pledges 15.4% stake in Dublin company as loan security

Separately, Boyd family acquires 19.3% stake in Irish business as payment for loan

Mon Aug 19 2024 - 11:17
Profits up 15% at clamper firm as pre-Covid commuter rhythms return

Profits up 15% at clamper firm as pre-Covid commuter rhythms return

Trading environment ‘much improved’ in 2023 as business levels recover from the pandemic

Mon Aug 19 2024 - 06:00
Sales at Dyson’s Irish arm jump to €45.4m as firm ramps up staff numbers

Sales at Dyson’s Irish arm jump to €45.4m as firm ramps up staff numbers

Appliance-maker announced plans to cut 1,000 jobs in the UK last month, part of a wider group restructuring

Mon Aug 19 2024 - 05:00
Ireland will have highest diesel taxes in EU after Budget 2025, says industry group

Ireland will have highest diesel taxes in EU after Budget 2025, says industry group

Cost of increases will fall on people in border region, says Fuels for Ireland, due to differential in prices between Republic and Northern Ireland

Mon Aug 19 2024 - 00:00
Coalition mulls delay to ‘living wage’ with spotlight on business costs

Coalition mulls delay to ‘living wage’ with spotlight on business costs

Seen & Heard: VAT surprise for Uber drivers; McKillen’s ‘informal contract’ with Sheikh; renewable firms’ crisis profits; pension deadline

Sun Aug 18 2024 - 10:51
Deposit return scheme: more than 400m containers processed since February

Deposit return scheme: more than 400m containers processed since February

Operator Re-turn has teamed up with events such as Electric Picnic to offer attendees the chance to donate to charity

Sat Aug 17 2024 - 06:00
WhatsApp Ireland swings to loss as company sets aside more money to deal with fines

WhatsApp Ireland swings to loss as company sets aside more money to deal with fines

Irish entity lost €8.2m after tax last year, down from profits of more than €41m in 2022

Fri Aug 16 2024 - 17:52
Lone Star completes €200m sale of Irish developer Quintain

Lone Star completes €200m sale of Irish developer Quintain

Deal will see TPG invest in the Irish platform to further develop its Dublin landbank, capable of accommodating more than 7,700 homes

Thu Aug 15 2024 - 12:41
Virginia Transport moves ahead with purchase of Kilkenny freight firm Allmed

Virginia Transport moves ahead with purchase of Kilkenny freight firm Allmed

Deal creates a new logistics group with €70m in annual revenues, with acquisition backed by London-based MML Capital

Thu Aug 15 2024 - 11:00
Three Ireland boosts market share as it adds 600,000 new customers

Three Ireland boosts market share as it adds 600,000 new customers

First-half revenues and earnings up as broadband and mobile network provider increases market share

Thu Aug 15 2024 - 10:14
C&C ‘confident’ of full-year earnings growth despite consumer headwinds

C&C ‘confident’ of full-year earnings growth despite consumer headwinds

Bulmers owner appoints Feargal O’Rourke as independent director after months of boardroom upheaval

Thu Aug 15 2024 - 07:19
Profits at Fane Valley agri-food group jump 4.7% to €4m

Profits at Fane Valley agri-food group jump 4.7% to €4m

Revenues at Fane Valley co-op’s Republic of Ireland arm climb to €175m after acquisitions and reorganisation involving Silver Hill Duck business

Thu Aug 15 2024 - 05:00
Ireland’s housing crisis ‘on a different level’ with population growing at nearly four people for every new home built

Ireland’s housing crisis ‘on a different level’ with population growing at nearly four people for every new home built

Housing crisis: Affordability is declining faster than in the US, UK, Australia, Germany or Spain, says Savills

Thu Aug 15 2024 - 05:00
Global shares edge higher on promising US inflation data

Global shares edge higher on promising US inflation data

Iseq index slips 0.4% amid declines for Glanbia and Ryanair

Wed Aug 14 2024 - 20:15
Loans issued for home purchase fall 6% over past year as borrowers await ECB rate cuts

Loans issued for home purchase fall 6% over past year as borrowers await ECB rate cuts

Average interest rate charged on new fixed-term mortgages falls after ECB cut in June

Wed Aug 14 2024 - 17:09
Irish house price inflation edges closer to 9% with average prices well ahead of 2007 boom

Irish house price inflation edges closer to 9% with average prices well ahead of 2007 boom

Property prices in Dublin rose at an even higher rate than the national average, up 9.3% in June from a revised 8.8% in May

Wed Aug 14 2024 - 11:09
Azets to double its corporate finance team

Azets to double its corporate finance team

Accountancy firm hires former Mazars corporate finance director to lead expanded team

Wed Aug 14 2024 - 00:01
The Irish Times Group acquires luxury and lifestyle publisher behind The Gloss

The Irish Times Group acquires luxury and lifestyle publisher behind The Gloss

Deal is part of a wider move to expand the group’s media services and product offering, says managing director

Tue Aug 13 2024 - 13:11
Kenmare names financial director Tom Hickey as managing director at mining company

Kenmare names financial director Tom Hickey as managing director at mining company

Mr Hickey replaces founder Michael Carvill, who will step down this week

Tue Aug 13 2024 - 07:33
Muckross Park Hotel owner hails ‘successful year’ as Covid rebound continues

Muckross Park Hotel owner hails ‘successful year’ as Covid rebound continues

iNua, which completed a crucial debt refinance deal last year, sees decline in bar revenues in 2024 amid consumer pullback

Mon Aug 12 2024 - 18:21
AIB reports annual jump in card spending as customers flock to France

AIB reports annual jump in card spending as customers flock to France

But pub and restaurant spending slumps amid ongoing consumer pullback

Mon Aug 12 2024 - 18:01
Wind has generated almost one-third of Ireland’s electricity in 2024

Wind has generated almost one-third of Ireland’s electricity in 2024

Solar and other renewables account for larger share of power generation in July amid warm weather, says Wind Energy Ireland

Mon Aug 12 2024 - 08:05
Donohoe defends Coalition’s record as it breaks spending rule again

Donohoe defends Coalition’s record as it breaks spending rule again

Government will make additional €1.2bn available for health service despite almost 10% cost overrun so far this year

Thu Aug 08 2024 - 12:49
Hostelworld bookings rise 9% on stronger Asia, Central America demand

Hostelworld bookings rise 9% on stronger Asia, Central America demand

But average booking value declines as European tourists look to cheaper destinations

Thu Aug 08 2024 - 07:51
Long-awaited strategic review at Ires rules out sale of company

Long-awaited strategic review at Ires rules out sale of company

Ires Reit to sell 8% of apartment portfolio over five years

Thu Aug 08 2024 - 07:34
Erisbeg-backed ORS buys Naas-based fire safety consultancy

Erisbeg-backed ORS buys Naas-based fire safety consultancy

Introduction of new building regulations this year increases upside for consultancy sector, says ORS chief

Wed Aug 07 2024 - 14:15
Greencoat completes €35m deal for stake in its first solar project

Greencoat completes €35m deal for stake in its first solar project

'Leading tech company' has signed agreement to take energy from solar farm

Wed Aug 07 2024 - 07:46
Crude production ahead of expectations at Tullow Oil as first-half profit jumps

Crude production ahead of expectations at Tullow Oil as first-half profit jumps

Group revenue at Irish-founded explorer down despite higher oil prices

Wed Aug 07 2024 - 07:18
Home sales volume slumps as second-hand housing stock plunges

Home sales volume slumps as second-hand housing stock plunges

Number of homes available on second-hand market down 50% in 10 years, says MyHome.ie

Wed Aug 07 2024 - 00:00
‘Challenging’ mining environment sees revenues plunge 16% at Mincon

‘Challenging’ mining environment sees revenues plunge 16% at Mincon

But Irish engineering group sees light at the end of tunnel with activity ramping up again in recent months

Tue Aug 06 2024 - 14:05
Irish unemployment still near historic lows despite July spike - CSO

Irish unemployment still near historic lows despite July spike - CSO

Jobless rate touched 4.7% in July, the highest level since March 2022 with youth unemployment also rising

Tue Aug 06 2024 - 11:40
Private equity-backed Bellew Electrical acquires Louth electrical wholesaler

Private equity-backed Bellew Electrical acquires Louth electrical wholesaler

Waterland Ireland acquired a controlling stake in Crossmaglen-anchored electrical wholesaler earlier this year

Mon Aug 05 2024 - 00:00
Inside the US biomedical behemoth ‘down a boreen in east Clare’

Inside the US biomedical behemoth ‘down a boreen in east Clare’

Irish man Kevin O’Reilly is global president of the medical diagnostics company Beckman Coulter

Fri Aug 02 2024 - 06:00
CSO study highlights steep increases in food and energy prices since 2016

CSO study highlights steep increases in food and energy prices since 2016

Households are spending a lower proportion of their total expenditure on housing costs, including rents

Thu Aug 01 2024 - 18:58
European equities retreat as bank stocks tumble

European equities retreat as bank stocks tumble

Iseq index down almost 1.8% as AIB and Bank of Ireland slip after PTSB’s strong results

Thu Aug 01 2024 - 17:54
Domino’s Pizza’s biggest Irish franchisee pays owners €3.8m in dividends

Domino’s Pizza’s biggest Irish franchisee pays owners €3.8m in dividends

Shorecal had accumulated profits of close to €15.5m when its UK parent acquired the franchisee in March

Wed Jul 31 2024 - 15:59
Kerry Group revenues down 5.9% as lower prices hit food group

Kerry Group revenues down 5.9% as lower prices hit food group

Food group raises full-year earnings per share guidance as other regions offset challenging markets in Europe

Wed Jul 31 2024 - 07:26
Ardcairn Capital deploys €400m for social and affordable homes

Ardcairn Capital deploys €400m for social and affordable homes

Backed by £5bn M&G fund, the firm offers loans from €3m upwards to small and medium-sized developers

Wed Jul 31 2024 - 05:00
Irish inflation unchanged in July at 1.5% as food and energy prices remain stable

Irish inflation unchanged in July at 1.5% as food and energy prices remain stable

Transport prices, including air fares, jumped by 2% in July alone and by 5.9% over the past year

Tue Jul 30 2024 - 11:08
Dublin office vacancies yet to peak with more space due for completion in 2024

Dublin office vacancies yet to peak with more space due for completion in 2024

Vacancy rate hit 15.9% in the second quarter, says Knight Frank

Mon Jul 29 2024 - 09:44
EY quits as auditor of Irish company owned by sanctioned Russian businessman

EY quits as auditor of Irish company owned by sanctioned Russian businessman

Chief executive of Russian state oil company Igor Sechin was added to the EU sanctions list in 2022

Fri Jul 26 2024 - 06:00
County councils frustrating wind energy targets, says industry body

County councils frustrating wind energy targets, says industry body

Four projects approved in first half of 2022, a quarter of what is required, says Wind Energy Ireland

Fri Jul 26 2024 - 00:01
Queally family group paid €1.8m dividend to shareholders in 2023

Queally family group paid €1.8m dividend to shareholders in 2023

Profits at Arrow Group jump to €20.3m as turnover tops €759m at parent of Irish Dog Foods

Thu Jul 25 2024 - 14:04
Digital marketing firm Ebow sells majority stake to finance expansion plans

Digital marketing firm Ebow sells majority stake to finance expansion plans

Irish firm has retained a broker to identify potential acquisition and merger candidates, says founder

Thu Jul 25 2024 - 05:00
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