Author: Practicenet

US venture capital heavyweight Mark Stevens – who oversaw early-stage investments in firms such as Google and PayPal – has taken a stake in Ireland-based student loan provider Future Finance, underpinning the Dublin firm’s plans to enter new markets. And Future Finance chief executive Brian Norton has told the Irish Independent that his company hopes […]

Swiss Irish food group Aryzta has withheld the €958,000 performance related bonus of its chief executive Owen Killian. The bonus has been withheld until the “resumption of growth in underlying fully diluted earnings per share”. Mr Killian’s other incomes from the company, namely his salary, benefits in kind, and pension contributions, have remained unaffected. The […]

Broadband access company Casa Systems has established operations in Limerick with the aim of creating over 50 new jobs in the next three years. The firm’s new Irish offices will act as a base for its non-US activity. Initial operations in Limerick will include manufacturing, distribution, and customer support. The company, which will be located […]

The European Investment Bank (EIB) is to open it first Irish office later this year. The plans were confirmed by EIB vice president Andrew McDowell, who was Enda Kenny’s economic advisor until he was appointed to the €270,000 a year post earlier this year. He confirmed the new Irish office during his first working visit […]

HOUSEHOLDERS are set to benefit from a string of price cuts, and new discounts being offered by one of the leading suppliers. But there are warnings that these could be the last of price reductions for a while, as oil prices have started to rise after falling for close to two years. From tomorrow, Bord […]

The owner of the Daily Mail and The Mail on Sunday is axing 400 jobs as it battles against plunging advertising sales. Daily Mail and General Trust (DMGT) said the staff cuts were being made group-wide as part of an overhaul under new chief executive Paul Zwillenberg, who took over at the helm on June […]

The exact economic impact of Brexit on Ireland will be “negative and material,” both in the short-term and in the longer term, according to the deputy governor of the Central Bank. Speaking at an event in Dublin organised by the Global Interdependence Center, Sharon Donnery, said the long-run economic impact of Brexit is difficult to […]

The campaign of Republican Presidential nominee Donald Trump has dragged Denis O’Brien and the Irish Government into his attacks on Hillary Clinton. Mr O’Brien was the focus of a lengthy email which was issued to the media last night headlined ‘Follow the money’. The email is from a series issued yesterday as part of the […]

The price of an average three-bed semi detached house has risen above €200,000 for the first time since the financial crash, new research has shown. Countrywide the average three bed semi costs €200,093, an increase of €4,732 since the end of June. The price increase represents a 6.37pc on the same period last year, according […]

ONE of Ireland’s largest local authorities has opted not to reduce its Local Property Tax (LPT) rate for 2017 amid concerns over the funding shortfall it would create. Cork Co Council rejected proposals by both Fianna Fáil and Sinn Féin to cut the base rate of LPT. The LPT rate will now remain unchanged next […]