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Irish online wine start-up WineSpark worth €3.1m after first 18 months

Irish online wine start-up WineSpark worth €3.1m after first 18 months

Cut-price wine buying club generates €1 million in sales in its first full year of operation

Sat Dec 03 2022 - 05:00
Renewed worries over US rate rises dampen markets

Renewed worries over US rate rises dampen markets

Better than expected US jobs data leads to fears the Fed may go harder for longer on rates

Fri Dec 02 2022 - 19:46
Belfast: A city of two halves moves towards post-pandemic economic regeneration

Belfast: A city of two halves moves towards post-pandemic economic regeneration

Belfast is recovering after the pandemic, yet issues remain

Fri Dec 02 2022 - 05:00
Don’t cry for Seán Quinn – even if he cannot stop doing it for himself

Don’t cry for Seán Quinn – even if he cannot stop doing it for himself

Caveat: I prefer to save my sympathy for those who really deserve it in the dark tale of what happened to Quinn’s former business empire

Fri Dec 02 2022 - 05:00
SSE sued by investors in row over sale of €120m Offaly windfarm

SSE sued by investors in row over sale of €120m Offaly windfarm

British energy giant accused of using obvious ‘error’ in contract to avoid making payment of up to €45m

Wed Nov 30 2022 - 05:00
Markets cautious as slide in tech stocks outweighs hopes that China could ease Covid curbs

Markets cautious as slide in tech stocks outweighs hopes that China could ease Covid curbs

Iseq index in Dublin slips marginally into the red despite buoyed bank stocks

Tue Nov 29 2022 - 18:52
Mark Paul: Minimum wage, maximum fuss but are we missing the point?

Mark Paul: Minimum wage, maximum fuss but are we missing the point?

Plans for the minimum wage to reach a living wage-level by 2026 are trundling ahead, and despite what the critics say, it won’t mean the end of the world

Fri Nov 25 2022 - 12:03
Mater Private group warns insurers must stump up for rising cost of patient care

Mater Private group warns insurers must stump up for rising cost of patient care

Group books operating profit of €13.3m for 2021 — up by 77%, according to company accounts

Fri Nov 25 2022 - 05:00
Mercedes-Benz importer repays Covid subsidies to State after sales surge

Mercedes-Benz importer repays Covid subsidies to State after sales surge

O'Flaherty Holdings faced a storm of criticism a year ago for claiming taxpayer subsidies while also paying its owners large dividends

Fri Nov 25 2022 - 05:00
Central Bank warns finance sector to be fair to customers during cost crisis

Central Bank warns finance sector to be fair to customers during cost crisis

Regulator writes to chief executives listing obligations to hard-pressed customers

Sat Nov 19 2022 - 05:00
Television rights firm seeks payment from pubs and shops showing news channels to customers or staff

Television rights firm seeks payment from pubs and shops showing news channels to customers or staff

Motion Picture Licensing Company says news can be covered by copyright law for television shown in public

Sat Nov 19 2022 - 05:00
Food giant boss still obsessing about those small details

Food giant boss still obsessing about those small details

Independents form the backbone of Noel Keeley’s Musgrave as he charts a course through the cost-of-living crisis after the pandemic

Fri Nov 18 2022 - 12:30
Musgrave profits jump as sales top €4.5bn

Musgrave profits jump as sales top €4.5bn

SuperValu group sales reached €3.5 billion last year including all the group's independent retailers

Fri Nov 18 2022 - 05:00
Mark Paul: Over-reliance on hotels for refugees is a slow-moving train that will crash in 2023

Mark Paul: Over-reliance on hotels for refugees is a slow-moving train that will crash in 2023

More than one fifth of all tourist beds are occupied by refugees, and the tourism industry simply can’t afford to let this continue

Fri Nov 18 2022 - 05:00
IDA colluded in ‘lie’ to get credit for jobs leads

IDA colluded in ‘lie’ to get credit for jobs leads

Legal documents show IDA executive falsely claimed to have met foreign investors so that rival group couldn't claim the credit.

Wed Nov 16 2022 - 05:00
Tourism industry warns of potential €1bn cost if refugee numbers in hotels and B&Bs rise

Tourism industry warns of potential €1bn cost if refugee numbers in hotels and B&Bs rise

Tourism industry will call on the Government to reduce to 12-15% the proportion of tourism accommodation being used to house refugees from Ukraine and elsewhere

Wed Nov 16 2022 - 05:00
Emails, ‘lies’, robots and pencils: inside IDA Ireland’s bitter dispute with Terry Clune’s Connect Ireland

Emails, ‘lies’, robots and pencils: inside IDA Ireland’s bitter dispute with Terry Clune’s Connect Ireland

Arbitration documents show how tech entrepreneur’s job-finding organisation fell out with State agency for cutting it out of credit for new investments

Wed Nov 16 2022 - 05:00
Big Tech’s Irish finances are as illusory as Celtic Tiger house prices and we all know it

Big Tech’s Irish finances are as illusory as Celtic Tiger house prices and we all know it

There is no way that these companies can be as productive as the headline figures suggests. Reality has to bite eventually

Fri Nov 11 2022 - 05:00
Goldman Sachs generated €250m last year from Celtic Tiger property loan portfolios, but paid little tax

Goldman Sachs generated €250m last year from Celtic Tiger property loan portfolios, but paid little tax

Three entities affiliated to the investment bank bought up tranches of loans from Irish banks

Tue Nov 08 2022 - 18:22
Coke bottling partner’s profits and dividends rise as Irish staff numbers fall

Coke bottling partner’s profits and dividends rise as Irish staff numbers fall

Coca-Cola HBC Ireland, which distributes Coke and other products, paid dividends last year of €30m

Mon Nov 07 2022 - 12:42
Ireland must tread carefully with dance-craze Chinese platform TikTok

Ireland must tread carefully with dance-craze Chinese platform TikTok

TikTok invests heavily here but things could get awkward if its relations with policymakers in the US or Europe deteriorate

Fri Nov 04 2022 - 05:15
Fears over hawkish central bankers weigh on market sentiment

Fears over hawkish central bankers weigh on market sentiment

Iseq index drops 0.9 per cent, dragged lower by the owner of Paddy Power bookmaker

Thu Nov 03 2022 - 18:54
Sales and profits fall at Rohan family’s property group

Sales and profits fall at Rohan family’s property group

Development group founded by Ken Rohan sitting on shareholders' funds of close to €170m

Wed Nov 02 2022 - 05:00
Varadkar steers clear of legal dispute between IDA and Connect Ireland

Varadkar steers clear of legal dispute between IDA and Connect Ireland

Department says Minister for Enterprise has not seen transcripts of evidence concerning dispute involving State agency

Mon Oct 31 2022 - 05:15
Nestlé Ireland makes €70m loss after writing down value of Limerick baby formula plant

Nestlé Ireland makes €70m loss after writing down value of Limerick baby formula plant

Sales from the Wyeth factory in Askeaton fell 30%

Mon Oct 31 2022 - 05:11
‘Countries that have crashes are those that follow one school of economics too closely’

‘Countries that have crashes are those that follow one school of economics too closely’

Ha-Joon Chang, author of Edible Economics, talks to Mark Paul ahead of his appearance at Kilkenomics next month

Sat Oct 29 2022 - 05:00
US markets optimism drives European values into positive territory

US markets optimism drives European values into positive territory

Dublin’s Iseq index advances on the back of big banks and other heavyweight stocks

Fri Oct 28 2022 - 19:05
Ireland’s night-time economy is in genuine peril - why were licensing reforms so long coming?

Ireland’s night-time economy is in genuine peril - why were licensing reforms so long coming?

Government’s proposals for overhauling the licensing laws and extending pub and club opening hours is far-reaching but necessary

Fri Oct 28 2022 - 05:20
Dermot Desmond agrees €65m bailout of Canadian diamond miner

Dermot Desmond agrees €65m bailout of Canadian diamond miner

Businessman has agreed to swap Mountain Province Diamond loan notes due next month for a new tranche due in three years time

Fri Oct 28 2022 - 05:00
C&C sees ‘resilient’ first half, but warns of challenges ahead

C&C sees ‘resilient’ first half, but warns of challenges ahead

Revenue for September was 5% lower

Thu Oct 27 2022 - 07:54
Markets rise as traders dare to hope central banks will ease off rate hikes

Markets rise as traders dare to hope central banks will ease off rate hikes

Iseq index up by only a quarter of 1% as banks fail to fire while downbeat guidance from Microsoft and Alphabet hit tech stocks

Wed Oct 26 2022 - 18:50
‘Inertia’ among KBC and Ulster Bank switchers means banks must do more

‘Inertia’ among KBC and Ulster Bank switchers means banks must do more

Of more than 850,000 accounts still open at the two departing institutions, around 300,000 are users’ main accounts increasing their risk of disruption

Wed Oct 26 2022 - 18:12
Former chief justice Frank Clarke mediates ‘INM 19′ cases

Former chief justice Frank Clarke mediates ‘INM 19′ cases

Newspaper publisher Mediahuis Ireland has settled several legal cases brought over illegal trawl of emails

Wed Oct 26 2022 - 05:00
Irish whiskey sales up 21% on last year but small producers hit by glass bottles and malt price hikes

Irish whiskey sales up 21% on last year but small producers hit by glass bottles and malt price hikes

Irish Whiskey Association’s international trade report cites supply chain issues as a major threat

Wed Oct 26 2022 - 05:00
Aldi ‘frustrated’ in search for Dublin outlet sites

Aldi ‘frustrated’ in search for Dublin outlet sites

The company insists it will not overpay for sites in the capital, where many of its rivals are better represented

Sat Oct 22 2022 - 06:00
Global hotel brands check in to Dublin but sector faces big challenges

Global hotel brands check in to Dublin but sector faces big challenges

Capital is a magnet for latest big brands but inflation, staffing and cuts to disposable income mean road ahead is far from easy

Fri Oct 21 2022 - 05:15
We should thank the central bankers for not easing mortgage rules years ago

We should thank the central bankers for not easing mortgage rules years ago

If the rules had been loosened sooner or, worse, not adopted at all, house prices would now be even higher with many borrowers in bigger trouble as rates rise

Fri Oct 21 2022 - 05:00
Equity markets calm after Truss resignation

Equity markets calm after Truss resignation

Shares rise as the British prime minister announces her resignation

Thu Oct 20 2022 - 19:40
Mediahuis settles several data breach claims

Mediahuis settles several data breach claims

Former Independent News & Media firm sets aside close to €10m for legal cases

Thu Oct 20 2022 - 05:00
Concrete levy to be cut to 5% and delayed until September next year

Concrete levy to be cut to 5% and delayed until September next year

Minister for Finance says charge, designed to cover cost of repairing building defects, will be in place ‘for the foreseeable future’

Tue Oct 18 2022 - 17:56
Supermarkets score highly in customer service research while utilities and banks rank poorly

Supermarkets score highly in customer service research while utilities and banks rank poorly

Credit unions top annual rankings for eighth year in a row

Tue Oct 18 2022 - 05:15
Britain’s fiscal U-turn calms market jitters as banks and real estate lift European stocks

Britain’s fiscal U-turn calms market jitters as banks and real estate lift European stocks

Iseq in Dublin rose by 2.5 per cent as big hitters finished the session ahead and large banks rose amid more stable atmosphere

Mon Oct 17 2022 - 20:16
Cardinal Capital invests €30m in Northern Ireland kitchens company

Cardinal Capital invests €30m in Northern Ireland kitchens company

Uform will use investment to grow the business in Ireland and the UK

Mon Oct 17 2022 - 17:51
Fuel imports from Britain soar as economy recovers after Covid

Fuel imports from Britain soar as economy recovers after Covid

Official statistics suggest the pharmaceuticals industry is helping to drive a rise in exports

Mon Oct 17 2022 - 13:40
Irish trade unions edge closer to Holy Grail of mandatory recognition by employers - but issues remain

Irish trade unions edge closer to Holy Grail of mandatory recognition by employers - but issues remain

A working group has told the Government that employers should be forced by court order to deal with trade unions. But turning that into a reality is still some way away

Fri Oct 07 2022 - 05:00
Dermot Desmond owed more than €30m by loss-making eSpatial Solutions

Dermot Desmond owed more than €30m by loss-making eSpatial Solutions

Dublin-headquartered geomapping business has racked up losses of €40.8 million

Wed Oct 05 2022 - 18:52
No let-up in State’s corporate tax boom as monthly receipts double in September to €2bn

No let-up in State’s corporate tax boom as monthly receipts double in September to €2bn

State took in almost as much last month in taxes from business as it did from taxing workers’ pay

Tue Oct 04 2022 - 18:36
Brody Sweeney’s Camile Thai takeaways delivered a surge in growth in 2021

Brody Sweeney’s Camile Thai takeaways delivered a surge in growth in 2021

Accounts for the group’s seven company-operated sites show profits jumped by a third last year to nearly €574,000

Tue Oct 04 2022 - 16:03
Tourism and hospitality staffing crisis easing as employers hike pay rates

Tourism and hospitality staffing crisis easing as employers hike pay rates

Fáilte Ireland research suggests shortage is still hampering the sector but it has started to ease

Tue Oct 04 2022 - 05:00
Markets gain amid hope central banks will slow rate hikes due to weak economic data

Markets gain amid hope central banks will slow rate hikes due to weak economic data

The Iseq index in Dublin rose by almost 0.5 per cent

Mon Oct 03 2022 - 18:46
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