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Expleo Ireland announces 200 new jobs for Cork

Expleo, a global technology, engineering and consulting service provider, has announced 200 new jobs and the opening of its first regional hub in Mahon in Co Cork. The company is investing €10m in the expansion of its workforce from 800 to 1,000 over the next two years. The majority of the 200 jobs will be […]

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AIB’s share trading plan extended up to January

Minister for Finance Paschal Donohoe said today he was extending AIB Group’s share trading plan, which was first announced in December. Since then the Government’s stake in AIB has been reduced from about 71.2% to about 68%. The plan aims to gradually reduce the State’s investment in the bank, while it is also improving liquidity […]

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Asking prices for homes up almost 11%, growth rate slows – MyHome.ie

Cost-of-living concerns and rising interest rates will slow the demand for houses in the second half of the year, according to the latest house price report from MyHome.ie. It reveals that a “minor” fall in house prices could be on the way as a result, but states that a ‘Celtic Tiger’ crash in unlikely. Asking […]

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Toast to create 100 jobs as it opens new Dublin office

US restaurant management platform Toast said it plans to create 100 jobs this year as it opens its new office on St Stephen’s Green in Dublin. Toast said the new jobs will be across several functions including software development, sales and customer support. Launched in 2013 in the US, Toast powers restaurants of all sizes […]

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More Irish companies sign low carbon pledge

70 of Ireland’s biggest companies have now committed to setting carbon-reduction targets based on climate science, by signing a low-carbon pledge overseen by Business in the Community Ireland (BITCI), a not for profit organisation. The number of companies signed up to the pledge has increased from 47 in 2019, when it was first launched. Companies […]

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AIB set for record tracker mortgage fine from Central Bank

The Central Bank is set to hit AIB with a record fine later today for its role in the tracker mortgage issue. The banking group, which includes EBS, is said to have set aside €70m to cover the fine, which resulted from an enforcement investigation that has been running since 2017. Over 9,000 AIB customers […]

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Ireland and Denmark most expensive countries in EU – Eurostat

Ireland and Denmark had the highest price levels for consumer goods and services across the EU in 2021, according to Eurostat. The EU’s statistics agency published data today showing price levels here and in Denmark were 140% of the EU average. The lowest prices levels were in Romania and Bulgaria at 56% of the average. […]

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AIB’s €400m non-performing loan sale cuts NPE ratio to 4.4%

AIB has sold a non-performing loan portfolio in long-term default to Everyday Finance, part of a consortium that includes Everyday, affiliates of Cerberus Capital Management and LCM Partners Limited. AIB said the €400m loan sale cuts its non-performing loan ratio to 4.4%. It added that it remains on track to reach its 3% target by […]

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Lidl launches new EV and HVO vehicles into Irish fleet

Lidl has today started the rollout of its first electrical truck and hydrogenated vegetable oil (HVO) heavy goods vehicle (HGV) into its logistics fleet. The pilot scheme will see the sustainably powered vehicles join Lidl’s logistic fleet at its Newbridge Regional Distribution Centre. It marks the start of the retailer’s transition from fossil fuel commercial […]

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Kingspan seeing ‘significant’ dip in May and June orders

Building insulation specialist Kingspan said today it had seen the mood in most end markets deteriorate over the last two months with order intake volume down significantly year-on-year in May and June. But orders were still up this month and last on the same pre-pandemic time in 2019. The Co Cavan-based firm said today that […]

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