Author: Practicenet

https://www.independent.ie/business/irish/irish-investors-tender-for-ipl-stock-worth-22m-36993457.html

Irish shareholders in IPL Plastics have tendered for shares worth up to CAD$33.4m (€21.9m) in a buyback ahead of its Canadian listing later this month. The company, formerly known as One51, announced in April that the listing plan would include a share buy-back of up to CAD$50m, which would give investors a clear exit route. […]

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Greencore to appoint US chief executive by year end

Greencore, the Dublin-based food group and the world’s largest sandwich maker, is searching for a new chief executive for its US operations as speculation persists about potential takeover interest in the company. Sources said Greencore will announce the appointment before the end of the year. News of the latest shake-up comes amid rumours the group […]

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Less than a third of people renting their home do it by choice

The scale of the rental trap facing hard-pressed families is revealed in a new report showing that the vast majority of people do not wish to be tenants. Fewer than a third of tenants rent their homes by choice, according to Threshold’s report, which was released ahead of an event to mark the national housing […]

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Yahoo escapes Irish fine in biggest ever email breach

Yahoo has escaped a fine from the Irish Data Protection Commissioner after the watchdog found against it for a giant email data breach that affected 500 million Yahoo email users. Instead, the tech giant has been ordered to change its data security and processing systems, on pain of court enforcement. The breach occurred in 2014 […]

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Pensioners can unlock cash early, Revenue announces

Thousands of pensioners will get an early opportunity to unlock money in retirement funds they have been unable to access up to now. Car dealers and travel agents are expected to be the big winners after rules restricting access to a certain type of pension fund were loosened. The move comes after Revenue agreed that […]

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Europe seeks US blessing to maintain its trade with Iran

Three European countries and the European Union are seeking exemptions from US sanctions on Iran in a sign that the bloc’s bid to hold the landmark nuclear deal together may be in trouble. Ireland could potentially benefit, if it means banks and businesses here can do business in Iran despite a US trade embargo. “As […]

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Founder of Kerry-based tech firm embarks on US adventure with new Boston office

The founder of a Kerry-based tech firm is relocating to Boston – with his family – in a bid to expand the company’s US customer base. John ‘Ogie’ Sheehy founded ViClarity in 2008, a period of instability where a tool to help manage new regulatory and governance policies was an innovative, and attractive, product. With […]

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House of Fraser to close over of half its stores

Retail chain House of Fraser is to shut over half of its stores impacting around 6,000 jobs. The closures are part of a proposed Company Voluntary Arrangement (CVA), which will require approval from creditors who will make their decision on June 22. Currently, the troubled group operates 59 leased stores across the UK and Ireland, […]

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Consumers optimistic but still cautious with spending

Irish consumers are planning to spend more but they remain cautious. The move to loosen household purse-strings comes as consumer sentiment rose in May despite uncertainty about the general economic outlook, including the evolving political crisis in Italy. The KBC Bank Ireland/ESRI consumer sentiment index increased to 106.7 in May from 104 in April, reversing […]

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Losing just one big multinational would leave Ireland nursing a €276m tax shortfall

The loss to Ireland of just one of the bigger multinationals would leave the State nursing a €276m tax shortfall, according to the Government’s budget watchdog. The Irish Fiscal Advisory Council’s (IFAC) Fiscal Assessment Report for June 2018, published today, includes an illustration of the vulnerability of the tax system. In a modelled example, researchers […]

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