Category: Syndicated

Irish wholesale gas prices fall 35pc in August

An ongoing mix of oversupply and weak demand has seen the price of wholesale gas collapse in recent times. Gas prices in August were down 35pc on the same month last year, a new report from Vayu Energy has shown. According to the latest Wholesale Energy Market Report gas prices are down 10pc month on […]

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Heaslip-backed Irish start-up UrbanVolt signs up to global LED challenge

An Irish start-up that has Jamie Heaslip amongst its investors has become the first company here to sign up to the Global Lighting Challenge. The challenge was launched at the UN Climate Conference in Paris last year with the aim of replacing 10 billion lights around the world with LED lights, which are more efficient. […]

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Ireland’s Brexit benefit? Europe’s biggest stock exchange is eyeing up Dublin

Europe’s biggest stock exchange Bats Europe could open a base outside London following Brexit, its head told Reuters, voicing doubts about whether the City of London would secure sufficient access to the European market. Bats Europe accounts for about 24 percent of daily trading in European shares and a shift of UK operations of one […]

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Profits at pharma firm double to €18.5m

Pre-tax profits at pharmaceutical firm Clonmel Healthcare more than doubled to €18.5m last year. New accounts show that the Co Tipperary-based firm enjoyed the massive increase in pre-tax profits largely as a result of receiving dividends of €12m from a subsidiary. Revenues fell from €47.38m to €41.62m in the 12 months to the end of […]

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Restaurant Group to sell or shut 33 sites

Britain’s Restaurant Group, the struggling owner of the Joe’s Kitchen chain, said it identified 33 underperforming sites for sale or closure as a part of its ongoing strategy review after a turbulent year. The company, that ousted its chief executive earlier this month, said it would take action on pricing and add back popular dishes […]

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Apple set to create 1,000 jobs with Cork plan go-ahead

Apple has received planning permission for an expansion at its European HQ in Cork that is to deliver 1,000 jobs. An Bord Pleanála gave the expansion plan the go-ahead after dismissing an appeal against the development by local residents. The plan by the iPhone maker comprises a four-storey office block and a 752-space car park […]

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Lending loophole in Central Bank home loan rules

Irish banks can ignore the Central Bank’s tough new mortgage rules when they lend to customers abroad, the Irish Independent has learned. Banks with UK operations, for example, can lend mortgages to their customers there without being bound by the home loan rules introduced by the Central Bank last year. The Central Bank’s loan-to-income (LTI) […]

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Cairn Homes revenue rises to €16m

Revenue at Irish homebuilder Cairn Homes increased to €16m in the first half of the year after the company concluded its site acquisition phase. The firm also reported strong progress on the Ulster Bank Project Clear portfolio. Cairn said it had realised €32m in proceeds from settlements and asset sales with nine sites (€126.1m) transferred […]

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Ireland rises to seventh in innovation league table

Ireland has moved up to seventh place in a global ranking of the world’s most innovative economies. Switzerland retained its lead in the Global Innovation Index 2016 which is published by Cornell University in the US, French business school Insead and the World Intellectual Property Organisation, a United Nations agency. War-torn Yemen ranked last. Ireland’s […]

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Continent barely notices UK vote as Eurozone sees growth in activity

The UK vote to pull out of the European Union has done little to derail the Eurozone economy, it seems, with activity inching up to a seven-month high this month, a new survey has shown. Even the French private sector received a boost – despite the terror attack in Nice and brutal killing of a […]

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