Category: Syndicated

European stocks edged higher yesterday, with gains in miners and telecommunications firms tempered by a slide in Unilever. By the close in Dublin, the ISEQ Overall Index was up 0.14pc or 8.86 points, to end the trading session at 6,549.09. The leaders on the Dublin market included packaging giant Smurfit Kappa, which increased 0.8pc to […]

Hundreds of companies in industries ranging from banking to insurance have been warned about the use of spy kits by private investigators, the Irish Independent can reveal. In an unprecedented move, the Office of the Data Protection Commissioner has written to around 400 separate bodies in a bid to tackle the illegal use of so-called […]

Two of the largest credit unions in the Munster region are in talks that could lead to a mega merger. Clonmel Credit Union may end up taking over Cork’s Charleville, if the discussions reach a successful conclusion. The move could see up to €4m pumped into Charleville from the Irish League of Credit Union’s support […]

Irish representatives are in discussions with three of the world’s leading software firms about the possibility of locating here, according to a well-placed industry source familiar with the talks. There are ongoing talks with Intuit, Infor and CA Technologies about the possibility of setting up operations in Ireland, the Irish Independent has learned. It is […]

Microsoft has announced the creation of 600 jobs this morning at its European headquarters in Dublin. The jobs are the latest boost to the economy following the announcement this week that US recruitment services firm Indeed is adding 500 jobs at its European base in Dublin. Microsoft’s announcement today will also be welcomed after last […]

Tony Blair has urged pro-Europeans to “rise up” and persuade the British people they were wrong about Brexit. In a keynote speech, the former prime minister said voters had backed leaving the EU without knowing the true cost and should have the opportunity to change their minds. Speaking at the headquarters of the Bloomberg financial […]

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 […]