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David Harney to replace Bill Kyle as CEO of Irish Life

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 […]

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Ulster Bank cuts mortgage rates after campaign

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 […]

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Andrews Lane theatre in central Dublin sells for €4.4m

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, […]

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Fake goods now account for 2.5% of global imports

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 […]

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Exports down 7% in February, as imports rise 9%

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 […]

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400 jobs to be created at new biotech plant in Co Meath

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 […]

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Roche family increase stake in NTR Plc after €131.8m buyback

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 […]

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Government raises €750m in 10-year bond auction

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 […]

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North’s economy grew at fastest pace in nine years in 2015

But despite strengthening of growth, North’s economy still lags the rest of the UK The North’s economy grew at its fastest pace in nine years during 2015 according to latest figures from the Northern Ireland Statistics & Research Agency. The agency’s latest research shows the Northern Ireland growth rate was 1.4 per cent last year […]

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Irish fintech start-ups discuss trust and regulatory issues

Inaugural ‘Fintech Nation’ conference sees start-ups describing difficulties they face Start-ups working in the financial services sector have a greater trust credibility gap to overcome than most early-stage companies, delegates at a conference in Dublin were told on Thursday. Speaking at the inaugural ‘Fintech Nation’ event held in the Marker Hotel, Derek Butler, chief executive […]

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