News

Publicans hit by 20pc a year increases in the cost of insurance say the “crippling” hikes threaten the viability of their businesses. Publicans hit by 20pc a year increases in the cost of insurance say the “crippling” hikes threaten the viability of their businesses. The Licensed Vintners Association (LVA) said a survey of its 550 […]

Hundreds of jobs have been pledged in a series of investments in the technology, manufacturing and healthcare sectors. The largest will see GE pump €150m into creating four factories in a biopharmaceutical manufacturing campus in Cork. The units will provide state-of-the-art space for making next-generation medicines and healthcare products. GE already employs 600 people in […]

Several investment firms that expressed an interest in the controversial Project Eagle deal were excluded from bidding. Nine major investment firms were contacted by agents for Nama when it decided to sell more than 850 loans linked to properties owned by developers in the North. But an examination of the sale by the Comptroller & […]

Nama has shrugged off criticism from the State’s most powerful spending watchdog by launching a €3bn loan sale, the Irish Independent has learned. The State agency pulled the trigger on the massive sale yesterday, just 24 hours after the publication of a highly critical report by the the Comptroller & Auditor General (C&AG) into the […]

The effect on Ireland of the Brexit referendum may not be as bad as first feared, according to a survey of foreign business travellers to Ireland. The survey, carried out by Europcar, asked 500 business travellers a range of questions about their view on Ireland in the wake of the UK referendum. The findings reveal […]

The €92m sale of the Gresham Hotel in Dublin to Spain’s Riu group has been completed. NAMA put the property up for sale earlier this year. The iconic Dublin hotel was owned by Precinct Investments, which is controlled by builder Bryan Cullen. Precinct is the vehicle that was used in 2004 to take the then […]

Ryanair’s ownership structure could come under pressure following Brexit if UK investors in the airline are considered non-European Union residents for the purposes of shareholding rules. At the airline’s 20th annual general meeting as a public company yesterday, chief executive Michael O’Leary warned that in a worst-case Brexit scenario, the carrier’s UK shareholders could be […]

Logistic and delivery service Nightline has created 150 new jobs as part of a €3m investment by the firm. The investment comes as the company expands its premium services, which include same day, evening, and weekend deliveries. As a result of the spend Nightline has opened three new depots in Swords in Dublin, Omagh in […]

Irish software start-up company Brite:Bill has been bought by NASDAQ listed Amdocs in the latest successful exit for Irish venture capital investors. Founded in 2010, Dublin based Brite:Bill develops communications software for corporate billings systems. It was backed by investors including the Ulster Bank Diageo Venture Fund, venture capital firm Delta Partners, as well as […]

The Irish economy grew by 0.6pc in the second quarter of the year, according to CSO figures released this morning. The CSO said the growth was driven by “investment in intellectual property products imported from abroad” – a reflection of the activities of multinational companies who have moved activities here. It said it could not […]