News

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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Hostelworld shareholders raise £61m after selling stock

Luxembourg-based parent H&F and members of the Duffy Family sell 23.5m shares Shareholders in Irish travel website Hostelworld have raised £61 million (€77m) after selling their stock. The company, which floated in November, said its Luxembourg-based parent H&F, and members of the Duffy Family, sold 23.5 million shares in Hostelword at a price of 260 […]

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Global slowdown starts to hit Irish jobs market

More people are chasing almost the same number of available jobs as a year ago, according to the latest employment monitor from recruitment firm Morgan McKinley. The availability of professional jobs remained almost constant at 37,171 in the first three months of 2016 compared to the same period last year, while the number of professionals […]

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Dublin Port busier than during the boom as trade soars

The Dublin Port Company has paid an almost €11m dividend to the State as trade and profits surge at the semi-state business. The dividend for 2015 is almost 24pc more than was paid by Dublin Port in respect of 2014. Dublin Port Company chief executive Eamonn O’Reilly said that 2016 had started strongly, with the […]

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EU unveiling new tax rules for multinationals: 7 things you need to know

The EU is unveiling new rules around multinationals, their taxes and revenues. Here’s what you need to know: 1 What is the EU asking companies to do? The EU wants multinationals to pay tax where they do business – and show it. That means revealing details on staff numbers, turnover, profits and tax bills for […]

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