Category: Syndicated

Cavan-based insulation giant Kingspan made a €341m profit last year as its revenue jumped 12pc to €3.1bn, the company reported this morning. The profit was 33pc higher than in 2015 Kingspan, whose chief executive is Gene Murtagh, said that it had experienced a strong performance in the UK last year, despite June’s Brexit vote, and […]

Irish goods exports reached a record last year of almost €117bn, but exports to Britain dropped by almost half a billion euro as the Brexit vote took its toll. Imports from Britain also fell back by €1.36bn. The preliminary data from the Central Statistics Office are the first official figures showing the impact of the […]

Shares in Irish-Swiss food group Aryzta fell 2.3pc in Zurich by mid-afternoon yesterday as investors took an opportunity to cash in on Tuesday’s share surge after it announced the departure of chief executive Owen Killian and a review of its joint investment strategy. Its cfo is also leaving. And world stocks rose to a whisker […]

A loss of market share as a result of increased competition in the electricity market here contributed to pre-tax profits at SSE Airtricity tumbling by 65pc to €13.4m last year. New accounts filed by SSE Airtricity Ltd show that the firm recorded the sharp drop in pre-tax profits from €38.6m to €13.4m in spite of […]

US tech firms have “hit the pause button” on any plans to hire staff here, according to a leading recruitment expert. Tracy Keevans, of recruitment firm Morgan McKinley, said that since Donald Trump’s inauguration as US president, her company had identified a reticence among US technology companies to invest in Ireland. “A lot of the […]

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, […]