News

Cavan-based group currently generates annual revenues in excess of €20m Cavan-headquartered telecoms services group Obelisk is to create 200 new jobs after raising €6 million in funding to drive expansion in the UK and South Africa. The company, which was founded by Colm Murphy and Padraig Brady in 1996, is a specialist in service provision […]

Families renting properties owned or controlled by large investment funds are facing huge uncertainty over the future. Several of the largest investment firms, who have swooped in to buy swathes of Irish property loans in recent years, are refusing to give assurances about how long they will continue to operate here. Their silence will fuel […]

Ibec boss McCoy warns State would be unable to negotiate bi-lateral trade deal with Britain Ireland may have to review its own membership of the EU if Britain votes to leave, according to Ibec’s chief executive Danny McCoy. He said Ireland would be unable to negotiate a bilateral trade deal with Britain in the event […]

Full-year turnover up 25% to €203m from €161.7m as ebitda increases by 168% Quinn Industrial Holdings, the group that took over certain manufacturing operations that were formerly part of the Quinn Group, is back in black after turning a €14.6 million loss into a €5.9 million profit last year. New figures published by the group […]

There will be no deal between Greece and its lenders on Friday that would unlock loans and enable vital debt relief talks, despite some progress on the reforms Athens must implement in exchange, euro zone and IMF officials said on Friday. “Don’t expect any deals today,” the chairman of euro zone finance ministers Jeroen Dijsselbloem […]

Opko Health, a diversified healthcare company, is to create create 200 jobs over the next five years through the expansion of its subsidiary, the EirGen Pharma facility in Westside Business Park in Waterford. It is also establishing a new product development centre in the Waterford Business and Technology Park. The company is locating in the […]

Irish businesses paying 80pc more for loans than euro zone average – National Competitiveness Council’s damning report IRISH businesses are paying 80pc more for loans than the euro zone average, a damning report from the National Competitiveness Council has warned. In its annual Cost of Doing Business in Ireland report, it added that there are […]

Up to 20 expressions of interest have been received for Gaelectric’s wind farm portfolio, which is likely to have an equity value of between €250m and €350m, the Irish Independent understands. The enterprise value of the wind farms, which includes debt, is likely to be around €750m. It’s believed that a range of potential buyers, […]

Euromillions jackpot winner Dolores McNamara has lost out in a €46m bidding war with an Irish commercial property giant, for one of the country’s largest retail parks. The mum of six from Garryowen, Limerick, who won the €115m lottery bonanza in 2005, has been outbid by Irish Life for the Childers Road Retail Park, located […]

State’s largest dairy co-op publishes details of executive remuneration for the first time Ornua’s nine top executives shared more than €9 million in pay, bonuses and pension contributions over the last two years. New accounting rules have obliged Ireland’s largest dairy co-op to publish details of executive pay for the first time. The group’s latest […]