Author: Practicenet

Two university spin-out companies have secured backing to develop cancer treatments. OncoMark, a startup spin-off from University College Dublin, has secured €2.1m from a funding round that will see the company bring its main product to market. The investment will allow the company to commercialise a product that is aimed at reducing the number of […]

France has seen its borrowing costs overtake Ireland’s for the first time since the financial crisis as investors worry about the prospect of far-right, eurosceptic Marine Le Pen winning presidential elections in April. French 10-year borrowing costs – at 1.045pc per year – overtook lower-rated Ireland’s 1.037pc yesterday for the first time since 2007. France’s […]

THE chief executive of Irish-Swiss food group Aryzta, Owen Killian, is to leave the embattled company after more than a year of turmoil at the company. Shares in the food giant soared nearly 13pc in Switzerland this morning. Chief financial officer Patrick McEniff and JohnYamin, the chief executive of Aryzta’s Americas bisiness, have also tendered […]

Rents had their highest rise on record last year, just as measures have been put in place to limit increases. The average cost of rented accommodation shot up by an average of 13.5pc in the year to last December. Rents nationwide are at a new high of €1,111 on average. The latest Daft.ie rental report […]

The battle between grocery chains for market share is poised to deliver big savings for consumers this year. Research group Kantar Worldpanel said that grocery inflation is set to stay low in 2017 as the supermarket giants duke it out for supremacy. Meanwhile, the see-saw at the top of Ireland’s grocery market league has continued, […]

Political uncertainty ahead of European elections prompted nervous investors to sell the euro and kept French government debt under pressure on Wednesday while the price of safe-haven gold hit three-month highs. Three months before the final round of France’s presidential election, investors are concerned about the strong showing of far-right candidate Marine Le Pen, who […]

Office space is in such demand in Dublin that tenants are committing to lease contracts before a building has even been constructed. A new report from auctioneers Savills shows there was a huge surge in “pre-letting” in the final quarter of last year. Pre-lets accounted for 44pc of all Dublin office spaced leased, according to […]

Global web and application server Nginx is to create 100 jobs at a new facility in Cork. The new jobs will be created over the next three years as the company seeks to expand its EMEA operations. The Cork base will be the group’s headquarters in the EMEA region and will allow the company to […]

Energy firms face probe for manipulating costs to keep consumer prices high. A probe is to be carried out by the Commission for Energy Regulation to see why retail energy prices have not fallen more for customers. In a review of retail competition in the energy market, the regulator said wholesale energy costs had fallen […]

Consultancy giant Accenture is to add 300 jobs to its Dublin operation in a move that will increase the size of the firm’s headcount in the capital to 2,500. The new positions are to be filled in the areas of design and technology. One third of the jobs will specifically focus on the Internet of […]