Category: Syndicated

Move part of €55m investment in facility, company says Up to 70 new jobs are to be created at medical science and technology company Merck. The positions have become available following the official opening on Tuesday of manufacturing and R&D facilities at their key strategic site in Carrigtwohill, Co Cork. Martin McAuliffe, site leader, says […]

Slow pace boosted by domestic and UK sales in manufacturing and services Northern Ireland’s slow economic recovery continued during the first quarter of the year bolstered by improved domestic and UK sales in both the manufacturing and services sectors. But new industry research released on Tuesday also shows business confidence levels are falling and the […]

Kyle to retire after three years with Irish arm and 37 years with Canadian parent Irish Life has announced that David Harney, the managing director of its corporate business, will take over as chief executive from June 30th, succeeding Canadian Bill Kyle. Mr Kyle plans to retire following three years in charge of Irish Life […]

A leading bank has agreed to cut its mortgage rates in response to a massive switcher campaign. The new deal could see homeowners reducing their payments by up to €1,500 a year. Thousands of mortgage holders registered with the One Big Switch campaign, which has now done a deal with Ulster Bank, the Irish Independent […]

New city centre hotel to include 115 pod-like rooms of between 10sq m and 12sq m Andrews Lane Theatre in central Dublin has been acquired for €4.4 million by a consortium of private investors led by Adrian Shanagher’s Firebreak Hospitality. It is understood that the new owners intend to seek planning permission for a 115-bedroom, […]

New OECD/EUIPRO study puts value of imported bogus goods at €461 billion for 2013 The trade in fake goods is worth nearly half a trillion dollars a year, equivalent to around 2.5 per cent of global imports, according to a new study. The report, which was carried out jointly by the OECD and the European […]

Trade surplus declines by 21% from January to February to €3.77bn, CSO data show Exports fell by €616 million or 7 per cent to €8.75 billion from January to February, new figures from the Central Statistics Office (CSO). At the same time, imports rose by €409 million or 9 per cent to €4.98 million leading […]

Some 400 jobs are to be created with the expansion of a pharmaceutical company in Co Meath. Shire said the roles will be created at a new biotechnology plant on a 120-acre site at Piercetown as part of a 354 million euro investment. Flemming Ornskov, chief executive of the firm, said the campus will be […]

Some 56.6 million shares redeemed by company at a cost of €2.25 per share The family of NTR Plc chairman Tom Roche now own over 96 per cent of the wind energy company after it spent €131.8 million buying back shares in the business. Some 56.6 million shares were redeemed by the company under the […]

THE Government has raised €750m in a 10-year bond auction. According to the National Treasury Management Agency (NTMA), the auction was completed at a yield of 0.817pc. Total bids received amounted to €1.774bn which was 2.4 times the amount on offer. Including today’s transaction, the NTMA has raised €4.75bn from its stated target range of […]