News

Explosion in numbers renting means 850,000 people are now tenants

There has been an explosion in the number of people renting as the housing crisis worsens. Some 850,000 people now live in rented accommodation. Most of the rise is accounted for by Dublin, where the number of households renting privately has risen by 61pc since 2011. This is one of the strongest rises in the […]

Continue Reading

Lidl to add 100 new jobs as company prepares to roll out four new stores

German supermarket chain Lidl is to add 100 new jobs at four new stores set to open over the coming months. Lidl is to open a second store in Swords next week with another in Glenageary slated to open in early December. A further two stores will be added in Carbra and Portmarnock, both of […]

Continue Reading

Epayment firm ACI opens new data centre, creates 50 jobs

Electronic payment company ACI Worldwide has opened a new state-of-the-art data centre in Limerick with the aim of expanding the firm’s capabilities in Europe. ACI boast a host of major clients, including two of Ireland’s biggest banks. The business built the new centre in record time as it looks to accommodate growing demand from Europe, […]

Continue Reading

More applying for insolvency deals, but fewer arrangements put in place

THE number of financially-stretched people applying for a State-sanctioned debt deals has doubled. But the actual number of deals put in place is down. New figures from the Insolvency Service of Ireland show that almost 900 people applied to put a formal arrangement in place with their lenders. The figures were for the three months […]

Continue Reading

ABP buys its third production facility in Poland

Larry Goodman’s ABP Food Group, the international meat, pet food and renewables business, has expanded its operations in Poland with the acquisition of a production facility in the east of the country. The facility, acquired from Polish processor Sklodowsky, will increase ABP’s production capacity in Poland to up to 250,000 cattle per year. The announcement […]

Continue Reading

Samsung flags €4.8bn profit hit from Note 7 failure

Samsung on Friday said it expected to take a hit to its operating profit of about $3bn over the next two quarters due to the discontinuation of its fire-prone Galaxy Note 7 smartphone. The outlook brings to about $5.3bn the total losses the global smartphone leader has forecast as a result of the overheating issues, […]

Continue Reading

New homes soar €45,000 in the hours after Budget

Developers and estate agents have denied that hikes of up to €45,000 on house prices just hours after the Budget are linked to a grant scheme to help first time buyers. The Help-to-Buy scheme introduced by Finance Minister Michael Noonan on Wednesday offers a rebate on income tax paid in the previous four years, up […]

Continue Reading

Mitsubishi takes majority share in Irish energy firm

Mitsubishi Corporation has taken a majority share in Irish energy trading firm ElectroRoute that will see it expand its operations beyond the eight European markets it currently operates in. ElectroRoute’s entire senior founding management team will stay in place, including chief executive Ronan Doherty, despite Mitsubishi taking a 60pc stake in the firm. The company, […]

Continue Reading

Tesco pulls Unilever goods from website over price row

Tesco has pulled dozens of Unilever brand products from its website after a disagreement over prices in the wake of a partly Brexit-driven slump in the British currency. The dispute between two of Britain’s best-known companies shows how the UK’s decision to quit the European Union has exacerbated tensions between suppliers and retailers, which are […]

Continue Reading

Central Bank hits outsourcing giant Capita with €1.1m fine

Outsourcing giant Capita has been hit with a €1.15m fine from the Central Bank for conducting some business here without proper authorisation. In a statement, the Central Bank of Ireland said it has fined Capita Life and Pensions Services (Ireland) Limited €1,150,000 and reprimanded it for breaches of the Investment Intermediaries Act, 1995 (the “IIA”) […]

Continue Reading