Category "Irish Business" - List of latest news (2 280 results)

03:30 Go Ahead Ireland to create up to 450 jobs at north Dublin depot

Private bus firm Go Ahead Ireland is to employ up to 450 workers at a planned new bus depot for north Dublin as part of its expansion plan that is expected to add €50m in revenues per annum to the business.

03:30 Carbery reports 2024 growth and ‘strong balance sheet’ to deal with global uncertainty

Carbery Group, which produces the Dubliner and Carbery Cracker cheese brands along with dairy, ingredients and flavours for industry, has reported sales of €668m for 2024.

18:56 Vogue Williams’s media firm sees cash pile more than double to €3.75m

Cash funds at the media firm owned by TV presenter, podcast host and model Vogue Williams last year rocketed to €3.75m on the back of her successful podcast double-act work with Joanne McNally.

22/04 Over 1,000 Tidy Towns groups will no longer have to pay insurance

Over 1,000 Tidy Towns committees nationwide will no longer need to pay for insurance, under a new agreement between local authorities and Irish Public Bodies (IPB) Insurance, the public sector-focused mutual insurer.

22/04 Lakeland Dairies warns of ‘damage’ from reforms to UK inheritance tax

A major cross-border dairy co-op has warned that reforms to the UK’s inheritance tax (IHT) regime will “seriously damage” the business model of family farms.

20/04 Any Other Business: Analysis of Rory McIlroy’s online followers shows exactly where golfer’s commercial appeal lies

Rory McIlroy updated his bio on Instagram last week to include “Grand Slam winner”. The number of his followers on the social media platform soared from 3 million on Sunday to 3.4 million within a few days.

20/04 Swan Fruits wind-up ‘delayed by Irish Life’s failure to transfer pensions’, says liquidator

The failure by Irish Life to transfer to a liquidator two pensions belonging to the owner of fruit-and-veg wholesaler Swan Fruits – now the subject of a garda fraud squad investigation – is holding up its liquidation, it has been claimed.

20/04 Agriculture Minister Martin Heydon targets ‘priority’ markets to protect Irish food exports

The Government and its trade officials are targeting 17 “priority” markets for the expansion of Irish food exports, in order to protect the country’s agri-food industry from Donald Trump’s trade war, Agriculture Minister Martin Heydon has said.

18/04 Competition watchdog launches full probe of Dublin Airport hotels merger

The competition watchdog is launching a full probe of Dalata’s planned €83m acquisition of the company behind the Radisson Hotel at Dublin Airport.

16/04 Liquidator eyes €8m recovery as four Aperee nursing home properties go on sale

Four nursing homes in Cork, Galway and Clare are being sold by liquidator Gerard Murphy who has set a target of around €8m for the proceeds.

15/04 Farmer loses out in €351,000 tax battle over share-for-share exchange

A farmer and company shareholder has lost a capital gains tax (CGT) battle worth over €351,000 with the Revenue Commissioners.

15/04 McDonald’s secures green light for two new drive-thrus

Fast food giant McDonald’s has secured planning permission for a further two outlets in Tipperary and Wexford as part of its continuing Irish expansion.

15/04 Clinical trials giant Icon accused of ‘scheme to deceive market’ in new US class action

Ireland based, US stock market listed, Icon PLC has been accused of engaging in a “scheme to deceive the market” as a huge US pension fund filed a legal class action against the clinical trials business.

15/04 Pharma exports to the US shot up ahead of expected tariffs

There is further evidence that US importers have been stockpiling Irish pharmaceutical products in advance of higher tariffs on the sector threatened by president Donald Trump.

13/04 Home-care provider Dovida is to hire up to 1,500 caregivers

Home-care provider Dovida is to hire up to 1,500 caregivers across the country, the organisation has said.

13/04 ‘We’re going from driving a Passat to driving a Porsche’ – Athlone’s Zenith Adhesive bought by PE-backed US life sciences group

A US life-sciences group has acquired Athlone-based Zenith Adhesive Components in a deal that could double the size of the business.

13/04 Spar store investment plan ‘could create more than 600 new jobs over three years’ – says owner BWG

Convenience retail giant BWG is set to create over 600 jobs across its retail partners as part of a major strategy to develop new Spar stores across the country.

13/04 Any Other Business: Custom House’s Harry Cassidy must stay in jail – but his class is available online

Harry Cassidy’s career as an online teacher will have to stay on hold, after the former boss of Custom House Capital lost his appeal against a jail term for stealing €61m from investors.

13/04 Enterprise Ireland: In a world of change, reinvention gives you the edge

As technologies and customer behaviours evolve and change at pace, it’s no longer sustainable to reply on outdated business models and ways of working.

11/04 Trump tariffs: 90-day pause is a 'window of opportunity', says Paschal Donohoe as he gets set to chair EU finance ministers meeting

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11/04 Trump tariffs: China hikes tariffs on US goods to 125pc as Paschal Donohoe says 90-day pause is a 'window of opportunity'

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11/04 Trump tariffs: Paschal Donohoe to chair meeting of EU finance ministers with tariffs top of agenda

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11/04 Trump tariffs: EU trade chief Sefcovic to travel to Washington; China hikes tariffs on US goods to 125pc

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11/04 Trump tariffs top of agenda as Paschal Donohoe to chair meeting of EU finance ministers

European finance ministers will assess a potential support package for sectors hardest hit by the US tariffs on non-pharma exports when they meet today, the Irish Independent understands.

10/04 Increase in companies seeking advice on reduced working hours and temporary lay-offs, says Ibec

Move comes in wake of Trump’s tariff announcements

10/04 Irish shares surge on Thursday in ‘relief rally’ after Trump pulls back from tariffs brink

Irish stocks joined a massive so called ‘relief rally’ on Thursday morning, with shares in AIB up a massive 12pc and Bank of Ireland’s stock rising more than 10pc in early trading, after markets opened in the wake of Donald Trump’s partial tariff climb down.

09/04 Dairygold reports €1.4bn turnover but generational renewal ‘remains a challenge’

Approximately 300 of Dairygold's current milk suppliers are expected to exit farming by 2030.

09/04 VHI swung into surplus last year even as claims increased

Financial results for health insurer VHI show a huge uplift in profitability last year, turning a €43m deficit in 2023 into a large surplus. The insurer ended 2024 with a €36m surplus for the year, boosted in significant part by positive swings in returns on its investment portfolio.

09/04 Denroy announces deal with aeroplane giant Boeing and speaks out on impact of Trump tariffs??????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????

Northern Ireland manufacturer Denroy has announced a new contract with US aeroplane manufacturer Boeing, which it says will help generate economic growth and bring new jobs to Co Down.

09/04 Kildare stud farm to undergo €10m redevelopment under New York-based businessman Mark Dobbin

Mark Dobbin, the founder and managing director of New York-based construction firm Highline Group, is to invest €10m in a redeveloped stud farm in Co Kildare.

08/04 Regulators want further review of proposed petrol station acquisition by Circle K

Competition authorities have raised concerns over a deal to expand the Circle K chain by buying forecourts from rival Pelco, saying the proposed acquisition could reduce competition in the retail motor fuel sector.

08/04 Regulators want to further review proposed petrol station acquisition by Circle K

Competition authorities have raised concerns over a deal to expand the Circle K chain by buying forecourts from rival Pelco, saying the proposed acquisition could reduce competition in the retail motor fuel sector.

08/04 Agri firm Country Crest pays €500,000 per week in wages

The Hoey family-controlled Country Crest agri-business group in north Dublin has grown in size to pay out €26m in wages to its 500 employees.

07/04 Dermot Kennedy’s accumulated profits increase to €4.5m

The main entertainment firm owned by one of the country’s most popular artists, singer-songwriter Dermot Kennedy, reported accumulated profits last year of €4.5m.

07/04 Eli Lilly weight-loss drug would be hit hardest by US tariffs on the sector

The active pharmaceutical ingredient (API) in Mounjaro, the weight-loss drug produced by Eli Lilly, is Ireland’s biggest pharmaceutical export to the US, and would be the hardest hit if US president Donald Trump puts tariffs on the sector.

06/04 ‘It's definitely going in the wrong direction’ – Trump’s war on Diversity, Equality and Inclusion measures hits Irish companies

US multinationals in Ireland are coming under increasing pressure to act on Donald Trump’s Stateside crackdown on diversity, equality and inclusion (DEI) policies here.

06/04 Lidl plans for €200m warehouse in Little Island in Cork could create up to 350 jobs

Lidl Ireland’s plans for a new €200m distribution centre in Co Cork could create up to 350 jobs.

06/04 Intel’s Leixlip plant could produce the newest high-tech chips – but it won’t, for now

Computer chip maker Intel has scuppered reports that it is to begin high volume production of the company’s newest and most advanced chips at its Fab 34 facility in Leixlip this year.

06/04 Enterprising export-driven entrants sought for the Innovation Arena at the Ploughing Championships

Enterprise Ireland is committed to supporting Irish businesses – and this includes backing the pioneering Irish agritech firms that are having such an impact around the world.

03/04 Politics trump economics and shares yo-yo on global markets as investors await tariff details

Yo-yoing Tesla shares yesterday were emblematic of wider market activity across the globe, with prices being driven more by political calculus than by economics.

02/04 O’Coineen’s Kilcullen Business Post buys Irish Management Institute

University College Cork (UCC) and the Irish Management Institute (IMI) have agreed a deal to sell the IMI business to Enda O’Coineen’s Kilcullen Business Post Group.

02/04 O’Coineen’s Kilcullen Business Post buys Irish Management Institute (IMI)

University College Cork (UCC) and the Irish Management Institute (IMI) have agreed a deal to sell the IMI business to Eoin O’Coineen’s Kilcullen Business Post Group.

02/04 Greencore ups Bakkavor offer to land £1.2bn takeover

Irish food group Greencore has agreed a possible £1.2bn (€1.43bn) reverse takeover deal for Bakkavor, a rival supplier of ready meals to UK supermarkets.

31/03 Sixfold profits rise at online insurance brokers Chill

Pre-tax profits at the group that operates online insurance broker, Chill last year increased more than sixfold to €7.17m.

31/03 Dublin’s key workers should be paid special allowance, says businessman Paschal Taggart

Dublin’s key workers should get paid a special allowance because of the high costs of living and working in the capital compared to any other part of the country, according to businessman Paschal Taggart.

30/03 The Art of Coffee brews up a new cafe in Dublin

A Ukrainian-founded chain of coffee shops is set to open its latest Dublin offering as it brews up further opportunities across the capital.

28/03 Apple’s Irish arm paid $25bn in corporation tax last year, accounts show

Apple’s main Irish arm paid $8.844bn (€8.17bn) in corporation tax last year, in addition to the windfall EU ordered $15.8bn Apple tax windfall.

21/03 Planning for 20,000 homes to expire over next two years

Planning for around 20,000 apartments is set to expire over the coming two years, even as demand for homes dramatically exceeds supply, according to a new report.

16/03 Enterprise Ireland showcases Ireland’s remarkable global business success this St Patrick’s Day

As St Patrick’s Day celebrations get under way worldwide, Enterprise Ireland is marking the occasion by highlighting the remarkable global impact of Irish companies.

16/03 Domino’s Pizza boss eyes up more outlets in Ireland

Takeaway chain Domino’s Pizza hopes to open 16 new outlets across the island of Ireland this year and has told investors the Irish market is a “significant growth opportunity.”

16/03 AIB signals interest in growing its wealth management space

AIB has signalled interest in growing the bank’s wealth services business, saying it does not see the appeal of overseas expansion.

09/03 Irish women-led start-ups go for gold on European VC deals with 40pc increase in investment in 2024

This year’s European All-In report from PitchBook has found that VCs invested €200m in Irish women-led start-ups in 2024, up from €144.2m in 2023 – an increase of almost 40pc.

09/03 Clinical trials giant Icon Plc warns investors delay to its Covid vaccine study will hit its revenue for first half of 2025

Icon PLC, the Irish-headquartered clinical research giant, has warned the markets that a large Covid-19 vaccine study it recently told investors about was delayed by its sponsor.

07/03 Bid to lift Dublin Airport passenger cap delayed for a year for noise assessments

Efforts to remove the Dublin Airport passenger faces a further delay that could be as much as a year after a decision by the State's noise regulator that it must carry out an assessment on two planning applications, the Irish Independent has learned.

06/03 Trinity College raises €235m from philanthropic donations in seven years

Trinity College Dublin has raised €235m in philanthropic donations over the past seven years, according to newly released minutes of a TCD board meeting.

05/03 Gorilla and giraffe sculptures part of Charlie Chawke retention plans

A coffee shop to be contained within a repurposed shipping container on the grounds of Charlie Chawke’s Goat Bar & Grill at Goatstown in Dublin does not affect adjoining residential amenity and is not visible from the public road.

04/03 PTSB takes 20pc share of new mortgage lending but warns of slower pace of market growth

PTSB, the country’s third biggest lender, has announced an underlying profit before tax for 2024 of €180m, up 8pc on the year before.

04/03 Neighbours back Aengus Kelly’s proposal to create new ‘super home’ in Dublin 4

Packaging multi-millionaire Patrick Doran has written to Dublin City Council to offer his support for neighbours, aviation tycoon Aengus Kelly and his wife Deirdre O’Malley and their plans for a new “super home” for Dublin 4’s “millionaires’ row” on Shrewsbury Road.

04/03 DAA fails to get approval to demolish spiral ramps at Dublin Airport

Fingal County Council has refused permission to plans by Dublin airport operator DAA to demolish spiral parking ramps at Dublin Airport’s terminal one.

04/03 Johnny Ronan joint venture to lodge plans for landmark hotel at Irish Glass Bottle site

A Johnny Ronan joint venture firm is to lodge plans in the coming days for a 20-storey landmark tower to house a 228-bedroom hotel at the former Irish Glass Bottle site, in Dublin’s docklands area.

02/03 Liquidators at Dolphin consider legal action as new financial information emerges

Liquidators of a key part of the Irish operation of the collapsed Dolphin property investment have received information from an English financial firm that they say would allow them to “issue proceedings”.

24/02 Inflation back up in January even as ECB plots next rate cut

Inflation in the euro area rose in January for a fifth straight month, creeping back up to 2.5pc.

24/02 Profits hit €1.9bn at Bank of Ireland even with potential UK motor payouts

Bank of Ireland has announced a profit before tax of €1.9bn for 2024, paving the way for a bumper dividend to shareholders, even after allowing for a potential hefty compensation payout to car loan customers in the UK.

23/02 Removal of passenger cap could see boom in US tourists, despite Donald Trump

Lifting Dublin’s passenger cap would lead to a major uptick in US airline traffic into Dublin, according to an industry expert.

23/02 Principal of school beside Galway battery maker Xerotech raises safety concerns after blaze led to evacuation

The principal of a Galway school is demanding that safety of his 1,300 pupils be prioritised over financial returns by liquidators who’ve taken control of a stricken battery-start up shut after a potentially toxic blaze.

23/02 Manna Drone Delivery service hopes to create 50 new jobs when Tallaght and Glasnevin plans take flight

Manna Drone Delivery expects to create 50 new jobs should it succeed with plans to expand operations into Tallaght and Glasnevin.

23/02 Delay in €4.6m funding round at troubled Powerscourt Distillery

Powerscourt Distillery, a whiskey manufacturer based on the famous Co Wicklow Powerscourt Estate, breached a loan agreement with a large US lender after a €4.6m funding round was delayed.

23/02 From ‘what if’ to ‘what next?’ – Enterprise Ireland's New Frontiers programme nurturing the next wave of Irish start-ups

From bodycare brand Bánór to online delivery disruptor Scurri, Irish start-ups and enterprises are on a strong growth trajectory.

21/02 Unclaimed funds of bust Custom House Capital will go to the State

The High Court has ordered that the State is to have control of unclaimed monies from the Custom House Capital (CHC) liquidation.

20/02 Ires Reit to buy back €5m of shares as disposal proceeds pile up

Ires Reit says it will return €5m of excess capital to shareholders arising from an ongoing sales programme, and has confirmed that individual units are fetching prices in excess of their book value.

18/02 Pay cap and bonus ban to come under review as State nears exit from AIB stake

FINANCE Minister Paschal Donohoe has been told banker pay caps and the “super-tax” on bonuses at AIB are likely to come into focus as the State cuts its stake in the bank towards zero.

18/02 Kerry shares rise to €100 each after results

Shares in Kerry Group approached a 12 month high on Tuesday after the food ingredients giant announced preliminary results for 2024, the last to include its Irish dairy processing arm.

18/02 Liquidators appointed to Irish battery start-up that raised €30m from EIB

Liquidators to Galway-based high-tech battery maker Xerotech say they will try to find buyers for the trade and other assets of the business, which had been tipped as a major success story for pioneering development of tech for off-road electric vehicles.

18/02 Energia swings into pre-tax profit despite losing thousands of customers

The retail arm of energy provider, Energia last year swung back into a pre-tax profit of €154.33m, despite losing 14,600 customers over the 12 months.

16/02 Partner content: Intensive programme for fintech start-ups aims to cement Ireland’s position as global leader in sector

Having established itself as a world-class centre of excellence for fintech and financial services, Ireland is now a leading global hub for companies operating in these sectors.

16/02 Ireland must ratify Mercosur and Canada deals to counter Trump’s threat to free trade, says Chambers Ireland

Ireland must sign a number of big outstanding international trade agreements, including the controversial Mercosur deal that has caused huge concern for Irish farmers, the head of Chambers Ireland has said.

16/02 Dingle Distillery looks to make €2m upgrade at Kerry whiskey site

The Dingle Distillery plans to invest around €2m in upgrading its Co Kerry distillery after An Bord Pleanála knocked back a previous effort.

16/02 Top Northern Ireland security firm calls in its creditors as liquidator due to be appointed

?A Northern Irish firm owned by the parent company of Manguard Plus, one of the island of Ireland’s largest security services groups, has called a meeting of creditors where a liquidator is due to be appointed.

16/02 DAA commits to establishing direct flights to Brazil as it also eyes Saudi project

DAA is committed to establishing a direct air link between Ireland and Brazil, despite the passenger cap that has halted Dublin Airport’s expansion.

15/02 AIB paid out dividends of €1.26bn to State since 2017

AIB has paid out cumulative dividend payments of €1.26bn to the State since 2017.

15/02 Court recommends €26,000 Covid-19 payout to group of Bidvest Noonan employees

The Labour Court has recommended that cleaning and security services group Bidvest Noonan pay out €26,000 in special Covid-19 recognition payments to a 52-strong group of hospital cleaners.

14/02 Sims Clinic revenues hit by IVF tourism with pre-tax losses of €2.85m

The Sims Clinic last year recorded pre-tax losses of €2.85m as the reintroduction of IVF tourism continued to hit clinic revenues.

14/02 Dublin attracted almost half of all IDA-hosted visits by potential foreign investors in 2024

The IDA last year hosted 466 site visits by would-be foreign direct investors (FDIs), with Dublin accounting for 46.5pc of visits.

13/02 FBD puts cost of Storm Éowyn and January snow at €30m

FBD says it expects to take a financial hit of €30m as a result of Storm Éowyn and January’s snow storms. Storm Éowyn, on January 24, is set to be the single biggest storm in FBD’s history, the stock market listed insurer said.

13/02 New €40m plan to turn Westport House and estate into a ‘world-class attraction’

The owners of Westport House in Co Mayo are set to spend up to €40m to create a world-class visitor attraction.

11/02 Goldman Sachs rebuilds PTSB stake it cut to zero twice last year

Goldman Sachs International has again bought a 3pc stake in PTSB after repeatedly buildng up and slashed a holding in the Irish bank shares.

10/02 McKillen Jr-backed Clerys Quarter firm records €18.95m pre-tax loss for 2023

The Paddy McKillen Jr-backed property company that has developed Clerys Quarter, on Dublin’s O’Connell Street, recorded pre-tax losses of €18.95m in 2023.

10/02 Regulator clears Phoenix Tower International deal to buy Cellnex assets, with conditions

Competition authorities have cleared a deal that will see Phoenix Tower International (PTI) buy Cellnex’s telecoms infrastructure business in Ireland almost a year after the €971m sale was announced.

10/02 Regulator clears Phoenix Tower International (PTI) deal to buy Cellnex assets, with conditions

Competition authorities have cleared a deal that will see Phoenix Tower International (PTI) buy Cellnex’s telecoms infrastructure business in Ireland almost a year after €971m the sale was announced.

09/02 Reversal of fortunes for Pearse Lyons Brewery on the cards as owners Alltech work on deal with Carlow Brewing Company

Alltech, the agriculture group founded by the late Dr Pearse Lyons, is working on an agreement that could secure the future of its brewery in Dundalk.

07/02 Clúid facing €20m bill to fix apartment defects after record year

Clúid Housing, one of the largest social and affordable house providers in the country, has put a current cost of €20m on rectifying construction defects in its apartment stock built prior to 2013.

07/02 Aviation boss wants to knock-through and combine two homes bought for €6.75m and €4.8m on Shrewsbury Road

An Irish aviation tycoon and his wife are planning a ‘super-home’ on Dublin’s Shrewsbury Rd by amalgamating two houses purchased for a combined €11.55m.

07/02 Aviation boss wants to knock-through and combine two homes he bought for €6.75m and €4.8m on Shrewsbury Road

An Irish aviation tycoon and his wife are planning a ‘super-home’ on Dublin’s millionaires' row on Shrewsbury Rd by amalgamating two houses purchased for a combined €11.55m.

06/02 Pre-tax profits at Cafe en Seine operator decline 56pc to €2m

Pre-tax profits at the operator of well-known Dublin nightspots Cafe en Seine and The George decreased by 56.5pc to €2.07m in 2023.

06/02 More Apple tax money flows into State coffers

Apple tax money continued to pour into the State's coffers in January, boosting the Exchequer surplus to €3.6bn in the first month of the year, a record.

06/02 Bank of Ireland to lift staff pay for fourth year running

Bank of Ireland Group has proposed a pay deal including salary increases of up to 4pc this year, linked to performance, and enhanced leave allowances.

06/02 Fears for infrastructure delivery if tariffs trigger fresh round of inflation

The Government has been warned to ramp up infrastructure investment now, while costs have stabilised – or risk cost overruns as the impacts of Donald Trump’s trade policies feed into world prices.

04/02 Porterhouse revenues hit after brewery sale

The Porterhouse hospitality group sustained a €5.8m revenue hit last year due mainly to lost revenues from the sale of its Porterhouse brewery to MMA fighter Conor McGregor.

02/02 Obituary: Maeve Joyce-Crehan, Galway business leader with deep love of the arts and a mischievous sense of humour

Maeve Joyce-Crehan, who has died at the age of 63 after a long illness, was a Galway business leader known for her generosity, professionalism, wealth of ideas, love of family and enduring good humour.

02/02 ‘Things are moving at a glacial pace right now’ – Student bed crisis worsens with just 116 units of 3,700 promised reaching construction

Just 116 of the more than 3,700 student accommodation beds the Government has promised in the years since 2022 have so far made it to construction, according to new analysis.

02/02 Hopes fade for savings rate boost as new player Bankinter says it ‘won’t have to overpay’ to win deposits

Hopes of a shake-up in the Irish banking market have been dealt a blow as the boss of Bankinter says it won’t have to “overpay” savers for Irish deposits.

31/01 Objector denies delaying Tara Mines project

A planning objector who featured in an RTÉ Investigates programme concerning allegations of ‘go-away’ payments within the planning system has said it is nonsense to suggest he delayed an important environmental project at Tara Mines.

29/01 Ecocem to build €50m production facility in France

Ecocem, an Irish producer of low-carbon cement, has announced plans to build its first production facility dedicated to ACT – a low-carbon globally-scalable cement technology – at its existing site in Dunkirk, France.

28/01 Primary school opposes ‘unreasonable’ 14-storey city-centre tower block

An inner-city primary school, a religious trust and An Taisce are objecting to plans for a 14-storey mixed-use development on the site of the former City Arts Centre at City Quay in Dublin 2.

28/01 State sells €652m of AIB shares

The Irish State has raised €652m by selling a further 5pc stake in AIB to private investors and said a full disposal of the bank’s stock is a “realistic target” for this year.

28/01 An Bord Pleanála takes ‘serious issue’ with judge’s ruling over windfarm refusal

An Bord Pleanála wants to appeal a “very significant” High Court decision in which a judge accused it of effectively “sabotaging” the State’s compliance with climate commitments.

28/01 Irish multi-millionaires’ private jet case goes to court

Two companies are in dispute over operating fees for a private passenger jet, the Commercial Court heard.

27/01 Government to sell further 5pc AIB stake

Newly re-installed Minister for Finance, Paschal Donohoe TD, has announced his intention to sell a further 5pc stake in AIB, a move that will cut taxpayers’ share of the bank 12.5pc.

27/01 Businessman Colm Wu involved in scheme to divert monies out of 10 companies, court told

Businessman Colm Wu was involved in a scheme to divert monies out of 10 companies he controlled to pay debts and obligations, it has been claimed in Commercial Court proceedings.

27/01 Ryanair cuts growth target as Boeing delays hamper capacity

Ryanair reported a surge in profits for its third quarter, which ended on December 31st, but cut its passenger growth target for a second time in three months blaming delays in delivery of new Boeing jets.

27/01 Ray Harman: Irish screen industry’s contribution of over €1bn to the economy is a match for its massive cultural impact

Fís Éireann/Screen Ireland announced its slate of 2025 productions during the week, amid a series of great achievements for the Irish screen industry – six Bafta nominations for Irish language film Kneecap and two Academy Award nominations for Irish co-production The Apprentice.

26/01 Guinness business is not for sale, Diageo insists after days of speculation

Drinks giant Diageo says its Guinness beer business is not for sale as well as rejecting a report its stake in Moët Hennessy could be sold off.

26/01 Richard Barrett’s Bartra signs €21.5m refinancing deal with Starz to back Rathmines co-living project

London-headquartered lender Starz Real Estate has backed Dublin developer Bartra with a new €21.5m senior debt facility to support the refinancing of its 98-room co-living development in Rathmines.

26/01 UK report could mean uphill battle for Solar 21 facility crucial to repayment of hundreds of millions of euro to Irish investors

A new report from a British government department could see Irish renewables investment firm Solar 21 face an uphill battle to get vital – and long-awaited –consent for a new waste-to-energy facility that is central to its plan to repay hundreds of millions to Irish investors.

23/01 Green light for Larry Goodman’s Galway Clinic expansion

Larry Goodman’s Galway Clinic can now expand its operations to treat an additional 14,165 patients per annum after a sole objector’s appeal stalled the plans for almost 10 months.

23/01 West-coast windfarm set for a ‘significant’ investment of €1.4bn

A “significant initial investment” of €1.4bn will be made in a planned 450MW windfarm with 30 turbines over 1,000 foot high in the Atlantic Ocean off the coast of Co Clare and Co Galway.

23/01 JD Wetherspoon’s gender pay gap in Ireland has halved in the last year

UK pub and restaurant group JD ­Wetherspoon has seen their mean gender pay gap in Ireland go down to almost half of what was reported in 2023.

23/01 Gucci’s Irish operations draw down profits of more than €325,000

Pre-tax profits at the Irish operations of Gucci – one of the world’s best-known luxury brands – increased by 56pc to €325,817 in 2023.

22/01 Dublin accountancy firm Ormsby & Rhodes to merge with UK’s AAB

Scotland-based professional services firm AAB has invested in Dublin accountancy firm Ormsby & Rhodes.

22/01 Firms supported by the Local Enterprise Office network added 7,100 jobs last year

There were 7,104 new jobs created last year at small domestic businesses supported by Local Enterprise Offices (LEOs), the agency reported yesterday.

21/01 Hodson Bay Group revenues increase to €60m

The Hodson Bay Hotel Group last year recorded total revenues of €60.5m. The figure includes its Hyatt Centric hotel in Dublin which contributed €17.5m in revenues to the business.

21/01 Meta wants court to overturn ‘disproportionate’ €91m fine for data breach

Mark Zuckerberg’s Meta wants the High Court to overturn a “wholly disproportionate” €91m penalty imposed on it by Ireland’s data protection regulator for improperly storing user passwords.

20/01 Cairn to commence first phase of €345m build on former RTÉ land

Cairn Homes is due to commence works on the first phase of its €345m, 608-unit apartment scheme on former RTÉ lands this week.

20/01 Trinity College partners with cryptocurrency company to fund research on blockchains

Trinity College Dublin is partnering with crypto company Ripple to set up a new blockchain research initiative focusing on challenges in cryptocurrency, cyber security and the fintech sector.

17/01 Sold-out Coldplay gigs helped MCD reach over €238m in ticket sales last year

The €44.46m ($49.52m) generated in ticket sales at the box office for Coldplay’s four sold-out shows at Croke Park last year helped promoters MCD Productions to a record €238.5m ($245m) in ticket sales in 2024.

16/01 Ireland locks in 30 years of debt at lower cost than France

The Irish Government borrowed €3bn on Thursday for an unusually long 30-year term that matures in October 2055.

16/01 Plans to be lodged for landmark 450MW wind farm off Galway and Clare coast

Plans will be lodged in the coming days with An Bord Pleanála for a landmark 450MW wind farm with 30 turbines over 1,000 feet high in the Atlantic Ocean off the Co Galway and Co Clare coast.

16/01 Profits at Bidvest Noonan increased 11pc last year

Pre-tax profits at the cleaning and security services group Bidvest Noonan Services last year increased by 11pc to €30.65m.

15/01 Central Bank to pay experts €7.5m to assist in crypto-asset regulation

The Central Bank is set to pay out an estimated €7.5m to experts to assist the bank in the regulation of crypto assets.

15/01 Editor of medical journal says she should be reinstated

A woman who claims the Royal Academy of Medicine in Ireland (RAMI) has failed to restore her to her position of managing editor of its medical science journal has brought High Court proceedings seeking her reinstatement.

14/01 Consultants’ fees tripled on Waterford quays project due to redesign

Over 110 redesign variations have been cited as a reason for consultants’ fees tripling the original tender estimate on Waterford City’s planned €207m North Quay scheme.

14/01 Concerns for badger setts stall €141m solar farm proposal

Concerns for the future of badgers have helped stall plans for a €141m 118MW solar farm on a 428-acre site within the townlands of Cadamstown, Ballina, Clonuff and Garrisker in Co Kildare.

14/01 Investor buys Dublin city centre property with boutique hotel plans

A Dublin city centre property beside one of the city’s most historic buildings has been sold to a private buyer.

14/01 High Court overturns planning refusal for wind farm close to whooper swan habitat

The High Court has quashed a decision to refuse planning permission for a windfarm in Co Cork in order to protect the habitat of the whooper swan.

13/01 Pre-tax profits at Holland & Barrett rise to €4.22m following €7m investment in Irish stores

Pre-tax profits at the Irish unit of health and wellness retailer Holland & Barrett increased by 13pc to €4.22m in 2023.

13/01 Profits surge 43pc to €2.35m at operator of INEC in Killarney

Pre-tax profits at the operator of the INEC in Killarney increased by 43pc to €2.35m in 2023.

13/01 Ireland joins EU subgroup seeking ban on Russian gas

Ireland is among 10 European Union countries who have called for the bloc to ban imports of pipeline gas and liquefied natural gas (LNG) from Russia, a document seen by Reuters showed, as Europe debates fresh sanctions on Moscow over the war in Ukraine.

13/01 Revenue asks the High Court to wind up third company linked to troubled BlackBee investment group

Revenue is asking the High Court to wind up a third company that is linked to the troubled Cork-based BlackBee investment group.

12/01 Microbreweries welcome new review of producer fees in Deposit Return Scheme

Re-Turn, the not-for-profit group running the Deposit Return Scheme (DRS), is to review the fees that producers are charged later this year.

10/01 Cash transit firm Brinks’ profits hit by €1.34m redundancy pay-out

Pre-tax profits at the Irish arm of cash transit firm Brinks more than halved in 2023 to €449,000 due to redundancy costs.

10/01 Irish SME lender Grid Finance secures backing from European Investment Fund scheme

Grid Finance, the Irish specialist lender to SMEs and micro enterprises, has secured an investment loan through the European Investment Fund’s (EIF) InvestEU Capacity-Building Investment scheme.

10/01 Pre-tax profits surge by 45pc to €19m at Ardmac Group

Pre-tax profits at data centre-builder the Ardmac Group increased by 45pc to €19.1m in 2023.

09/01 Profits fall 68pc to €787,000 at Shaws, but revenues up to €70.5m at the ‘omni-channel retailer’

Pre-tax profits at department chain Shaw & Sons declined by 68.5pc to €787,595 last year.

09/01 Profits rise 10pc to hit $128.4m at Whitegate oil refinery in Cork Harbour

Post-tax profits at the firm which operates Ireland’s only oil refinery – at Whitegate in Co Cork – increased by 10pc to $128.4m (€124.5m) in 2023.

08/01 Ryanair vows to take disruptive passengers to court in ‘major clampdown’ after ‘inexcusable’ Dublin-Lanzarote incident

Ryanair will now file legal proceedings against disruptive passengers, the airline has confirmed.

08/01 Ryanair to take disruptive passengers to court in ‘major clampdown’

Ryanair will now file legal proceedings against disruptive passengers, the airline has confirmed.

08/01 Ryanair to now take disruptive passengers to court in ‘major clampdown’ after ‘inexcusable’ Dublin-Lanzarote incident

Ryanair will now file legal proceedings against disruptive passengers, the airline has confirmed.

08/01 Irish food and drink exports increase to a record €17bn

The value of Irish food and drink exports hit a record €17bn last year, boosted by higher prices that were passed on to customers abroad.

08/01 Profits decline 48pc at airport firm Gate Gourmet due to higher post-Covid costs

Pre-tax profits at airport catering operator Gate Gourmet declined by 48pc to €1.16m in 2023 due mainly to the cessation of cost-saving initiatives introduced during the Covid-19 pandemic.

07/01 Developer says plans for Terenure College apartments address all objections

New plans for an apartment scheme by Lioncor on the grounds of Terenure College in Dublin address all the grounds for refusal to a previous scheme.

07/01 Buskers fear complaints over noise will kill scene as Grafton Street apartments get green light

A chorus of disapproval by buskers on Dublin’s Grafton Street over plans for new apartments has fallen on deaf ears.

07/01 Chartered accountant awarded €5,000 at Labour Court over unfair dismissal

An experienced chartered accountant who was dismissed after undertaking private work for three clients under the banner of his firm has been awarded €5,000 for his unfair dismissal.

07/01 Blackrock Clinic secures green light for first phase of 16-year masterplan

Blackrock Clinic has secured the planning green light for a new cardiology department, an eye centre and additional in-patient bedrooms at its south Dublin site.

07/01 Plans to demolish ‘D4 gem’ Smyth’s to build ‘super pub’ are facing opposition

Plans to demolish Smyth’s pub on Dublin’s Haddington Road, described as “a D4 gem”, and replace it with a pub and apartments is facing opposition.

05/01 AI shop theft detection firm Everseen slashes losses by €9.6m after sales surge of over €10m

Everseen, the Cork-based tech firm helping retailers use AI to identify theft, has cut losses by almost €10m after a large surge in sales.

02/01 Profits at coffee chain Insomnia increase to €2.49m

Pre-tax profits at the firm behind the Insomnia coffee chain reported a more than threefold increase in pre-tax profits to €2.49m in 2023.

02/01 ‘Are we serious about our climate change pledges?’ – Glennon Bros’ profit tumbles 23pc as joint MD issues stark warning to timber sector

Pre-tax profits at timber processing group Glennon Bros declined by 23pc to €37m in 2023 as its joint managing director warned that Ireland is facing an afforestation crisis.

02/01 Labour Court approves annual payment of €4,700 for group of Irish Distillers workers

A group of 250 workers at the maker of Jameson whiskey are set to receive an annual cash payment of €4,700 to compensate for any potential losses over changes to a company profit-share scheme.

29/12 Lir grows sales as industry readies for cocoa cost surge

Lir Chocolates directors warned of potential “material and production” cost increases across the confectionary group amid a sector-wide rise in cocoa prices.

23/12 Trintech sees total losses hit $379m as owners eye disposal

Losses at the company behind financial software firm Trintech have continued to mount, with its accumulated losses standing at $379m (€364m) at the end of January this year.

22/12 Major Polish developer GTC bids to sell 25pc stake in Kildare Innovation project

Globe Trade Centre (GTC), a Polish real estate development group, is looking to sell its minority stake in the Kildare Innovation Campus, valued at hundreds of millions of euro.

20/12 Concert promoter Denis Desmond’s joint venture pays out £49m dividend

A Denis Desmond joint venture company with music giants Live Nation paid out dividends last year of £48.93m (€59.38m).

20/12 Green fuel firm ClonBio slumps to €14m loss and pauses capital investment in Green Gas joint venture

Irish ethanol and bio-methane producer ClonBio slumped to a €14.1m loss last year after it shouldered high depreciation charges and felt the impact of the war in Ukraine, drought and competitive imports.

20/12 WTech continues deal-driven expansion with takeover of Cork’s Safety Tech Fire

WTech Fire Group has made a 10th acquisition in three years, buying Cork-based Safety Tech Fire. The deal is understood to value the business at around €5m.

19/12 McDonald’s Irish franchise operator is hit by €479,908 alleged cash misappropriation

One of the country’s largest McDonald’s franchise operations has been hit by an alleged misappropriation of funds totalling €479,908.

19/12 Liquidators say window firm had €1m of customer deposits

Around 225 orders, involving payments by customers of some €1m in deposits, were unfulfilled at the time provisional liquidators were appointed to DK Windows and Doors Ltd, the High Court heard.

18/12 Blarney profits hit by €1.1m Covid repayment

Profits at the Blarney Woollen Mills Group were hit last year after the group had to repay €1.13m to the Revenue Commissioners concerning an overclaim by the group in the Government’s Covid-19 Employment Wage Subsidy Scheme (EWSS).

18/12 Operating profits dip at construction firm Bennett despite surge in revenue to €264m

Revenues at the builders of Dublin office block the EXO, Bennett Construction, last year surged by €100m to €264m.

17/12 Paul Mescal caps off bumper year with €1m company loan

The bumper 2024 enjoyed by star of Gladiator II Paul Mescal has culminated in his movie firm agreeing to provide him with a €1.05m loan facility.

17/12 Group of traders challenge Dublin's new transport scheme

The High Court has granted permission to a group of traders to bring a challenge claiming Dublin City Council acted beyond its powers in introducing the new city transportation plan.

17/12 Titanic Belfast profits triple to £5.39m on the back of record revenues of over £22m

Pre-tax profits at Titanic Belfast, one of the island’s most popular tourist attractions, increased this year to £5.39m (€6.5m) on the back of record revenues.

17/12 Pinewood Healthcare’s ‘precarious’ position means it can’t hike pay, Labour Court hears

Pharma firm Pinewood Healthcare has successfully refinanced its debt but is in an extremely sensitive and precarious situation in relation to its finances.

17/12 Lioncor to lodge new plans for apartment scheme at Terenure

Builder Lioncor is to shortly lodge plans for a 284-unit large-scale residential development (LRD) on lands at Terenure College in Dublin.

16/12 Kerry Co-op shareholders approve Board proposal to acquire Kerry Dairy Ireland

82pc of eligible Kerry Co-op members today voted in favour of a proposal to acquire Kerry Dairy Ireland and a share exchange with Kerry Group Plc, which is expected to deliver €1.4bn of value directly to all Kerry Co-op members.

14/12 Fairy Door firm books €4m profit after debt write-off

The company behind the Irish Fairy Door brand last year booked a profit of €4.1m following its approval of a SCARP rescue plan.

14/12 Goldman Sachs builds back its PTSB stake, as company ships more criticism over job cuts

Global investment giant Goldman Sachs has upped its stake in PTSB again, as it see-saws between reducing and raising its position in the Irish bank.

13/12 ‘We will deliver right up until Christmas Eve’: Massive efforts to clear Holyhead parcel backlog overnight

An Post received more than 350,000 parcels into Ireland from the UK overnight, as massive efforts are made to clear a backlog following Holyhead Port’s closure after Storm Darragh.

13/12 Fears grow for Christmas supplies as Holyhead port closed for another week

An Post and the country’s hauliers are racing to reroute hundreds of thousands of parcels destined for Ireland ahead of Christmas as Holyhead Port is to remain closed until next Thursday.

13/12 Q Park paid €35.7m for group that operates clamping service and street parking enforcement

The owners of the firm that provides a clamping service to Dublin City Council received an initial €35.68m from their sale of the business and the other car-parking entities in the Tazbell Group last year.

13/12 Plans for more than 100 new rooms and extra storey at Temple Bar hotel once owned by Bono and The Edge

Plans to almost triple the size of The Clarence in Dublin’s Temple Bar are of “critical importance to the long-term viability of the hotel”.

12/12 An Post and country’s hauliers in Christmas rush to reroute hundreds of thousands of parcels as UK ferry port remains closed

An Post and the country's hauliers are racing to reroute hundreds of thousands of parcels destined for Ireland ahead of Christmas with a major UK port remaining closed until next Thursday.

12/12 Fears grow for Christmas supplies as Holyhead Port remains shut 'indefinitely'

Irish shops are facing inevitable shortages of goods in the run-up to Christmas following news that the port of Holyhead is to remain closed indefinitely.

12/12 Fears grow for Christmas supplies as Holyhead Port to remain shut for another week

Irish shops are facing inevitable shortages of goods in the run-up to Christmas following news that the port of Holyhead is to remain closed until next Thursday at the earliest.

12/12 C&C taps former boss of Irn-Bru maker AG Barr as new chief executive

Bulmers maker C&C Group has hired former AG Barr boss Roger White to take the helm after its former chief executive quit in the wake of an accounting blunder.

12/12 Enterprise Ireland on the hunt for new CEO

Leo Clancy is to step down as chief executive of the state agency Enterprise Ireland after four years in the job.

11/12 David Bonderman, long-time chairman of Ryanair, dies

US billionaire David Bonderman, a former chairman of Ryanair, has died at the age of 82.

11/12 Greenhouse gas concerns over planned Drogheda data centre

The green light for a planned new large-scale data centre for a site near Drogheda in Co Louth would “further compromise” Ireland’s ability to achieve compliance with carbon budget limits, according to An Taisce.

10/12 Search-and-rescue firm CHC Ireland makes a loss of €8.7m as revenue dips

The company that lost out on the new €800m contract to run the country’s search-and-rescue (SAR) operations has recorded pre-tax losses of €8.74m.

08/12 South Africa’s Spar Group to underpin successful Irish business BWG Foods with nearly €24m investment

Retail giant Spar Group is set to invest almost €24m for “capital expenditure” in its Irish business, BWG Foods.

06/12 Turnover rose to £137m at Belfast health firm Kingsbridge ahead of sale to Exponent

Turnover at Belfast private healthcare group Kingsbridge soared by nearly one-third to £137.4m (€166m) ahead of securing a £300m investment in 2024, its accounts have shown.

06/12 Contracts to accommodate international protection applicants boost profits at Breaffy House Resort to €6.4m

Pre-tax profits at the company which operates the Breaffy House Resort in Co Mayo last year almost doubled to €6.4m on the back of state contracts to accommodate Ukrainian refugees and International Protection (IP) applicants.

06/12 Dublin 4 residents stall plans for student accommodation

Local residents are stalling plans by builders Lioncor for a 200-bedspace purpose-built student accommodation (PBSA) scheme for Merrion Rd in Dublin 4.

06/12 TD sent the wrong letter to try to block Harry Crosbie’s new Vicar Street hotel

An Bord Pleanála has cleared the way for Harry Crosbie’s planned Vicar Street hotel scheme for Dublin 8 after invalidating the only appeal against the hotel proposal on technical grounds.

05/12 Irish economy continues to expand

Modified Domestic Demand (MDD), which is regarded as the best measure of how the Irish economy is performing, grew by 3.1pc in the first nine months of the year compared to the same period in 2023.

05/12 Hotel firm of Mount Everest climber John Burke reports record revenues of over €13m

The west of Ireland hotel business operated by Mount Everest climber John Burke scaled new heights last year, as it enjoyed record revenues and profitability.

04/12 TTM healthcare recruitment group pays €8m dividend as profits rise to €12m

Businessman Brian Crowley this year shared in a dividend payout of €8m with other shareholders in his TTM healthcare recruitment group, as pre-tax profits last year increased by 32pc to €11.55m.

04/12 Bombay Pantry chain to close amid ‘challenging market conditions’

The popular Indian fast food group Bombay Pantry has closed citing “challenging market conditions” that have hampered the hospitality sector.

04/12 Revenues at group behind ‘Saipan’ film surge to €149.9m

Revenues last year at the Dublin-based production firm behind the much-anticipated movie Saipan increased almost five-fold to €149.93m.

04/12 Profits surge to €27.7m at the Irish arm of GoFundMe in wake of €11.3m Vat ‘win’

The Irish arm of global online fundraising platform GoFundMe has secured an €11.3m Vat “win” arising from the favourable resolution of a tax investigation by the Revenue Commissioners here.

04/12 Electricity firms mount court challenge to exclusion from auction

The High Court has begun hearing a challenge by three power companies to a decision by Eirgid and the energy regulator excluding them from an "electricity auction" because of the disputed feasibility of finishing projects within Eirgird's timeframe.

03/12 High Court dismisses Seán Dunne’s challenge to appointments of bankruptcy trustees

Celtic Tiger-era property developer Seán Dunne has failed in High Court applications challenging the appointments of two trustees who have overseen his bankruptcy.

03/12 Profits at Zeus Packaging fall 54pc to €11.26m, but revenue climbs to €433m

Pre-tax profits at Dublin’s Zeus Packaging last year tumbled by 54pc to €11.26m.

03/12 Glenisk still counts cost of 2021 fire as it records €1.38m loss

Organic-yoghurt maker Glenisk last year recorded a pre-tax loss of €1.38m as it continued to count the cost of the fire that destroyed the company’s main production plant in 2021.

03/12 Dispute over Paddy McKillen Jr debt guarantee is resolved, court told

A dispute between an investment finance company and businessman Paddy McKillen Jr over a guarantee on loans has been resolved, the Commercial Court heard.

02/12 Group behind Boann Distillery blames challenging whiskey market for sales dip

The alcohol group behind Pat Cooney’s Boann Distillery has blamed “challenges” in the Irish whiskey market for a dip in sales.

01/12 Profit boost for Lily O’Brien’s as chocolates sales surge €3.3m – but cocoa price pressure remains

Chocolatier Lily O’Brien's has grown its sales by €3.4m, with the Co Kildare-based business recording a pre-tax profit last year.

29/11 Rugby player-backed pub chain reports profits of almost €600,000

Three Dublin pubs part-owned by former Ireland rugby players Jamie Heaslip, Sean O’Brien, Dave Kearney and Rob Kearney enjoyed combined post-tax profits of €592,369, despite the Dublin riots “wiping off two weeks of trade”.

29/11 Fanagans Funeral Directors expand as 2023 revenues dip to €11.5m

Pre-tax profits at the Dublin-based family-owned funeral home operator Fanagans last year declined by 64.5pc to €194,915.

29/11 Vape sales help PJ Carroll increase profits to €6.18m

Sales of vape products by tobacco firm PJ Carroll & Company last year contributed to company pre-tax profits increasing by 23pc to €6.18m.

29/11 Snap election puts EU membership for Iceland onto policy agenda

Iceland’s voters will head to the polls tomorrow in a snap election that could potentially steer it towards seeking European Union membership, an issue that has divided the country for years.

29/11 KPMG ‘Irish Independent’ Property Industry Excellence Awards celebrate the best in property

The best in leadership, innovation and sustainability in the Irish property sector have been recognised at Ireland’s Property Industry Excellence Awards 2024.

29/11 Mount Juliet firm made profit of more than €9m last year, new accounts reveal

The firm that operates the five-star Mount Juliet estate hotel and golf resort in Co Kilkenny last year recorded pre-tax profits of €9.38m.

29/11 Security companies urged to ‘put heads together’ to resolve dispute

A High Court judge has urged parties in a dispute relating to an attempt to wind up a company over an alleged disputed debt of €126,000 to “put their heads together” and resolve the matter.

28/11 The knock-on effect: O’Neill’s says jersey sales are significantly hit by shorter inter-county GAA season

The O’Neill’s sports brand is looking overseas to increase revenues, after taking a 15pc hit to GAA replica jersey income due to the condensed inter-county All-Ireland Championship season.

28/11 Emma Stone’s Oscar win helps guide Dublin’s Element Pictures to €2.32m profits

Post-tax profits at the multi-award-winning production company behind the screen adaptations of Sally Rooney’s Normal People and Conversations with Friends last year decreased by 49pc to €2.32m.

27/11 Revenues at Smyths Toys rise to a record €2.49bn

Revenues at the Smyths Toys retail empire across Ireland, the UK and continental Europe increased by 14.7pc to a record €2.49bn last year.

26/11 Profits up to almost €4m at Bord Gáis Energy Theatre

Pre-tax profits at the company that operates the Bord Gáis Energy Theatre last year increased by 42pc to €3.79m on the back of sell-out performances of The Lion King and Charlie and the Chocolate Factory.

26/11 Airlines’ challenge to Dublin Airport passenger cap referred to EU court

The airlines’ challenges to Dublin Airport passenger caps seem only to be resolvable by referring European law questions to the Court of Justice of the EU (CJEU), a High Court judge has said.

26/11 Simmons & Simmons to become first solicitor-barrister partnership in Ireland

International law firm Simmons & Simmons is to become the first solicitor-barrister partnership in Ireland.

26/11 Convention Centre Dublin makes record €18.23m profit as revenues surge by 37pc

The firm that operates the Convention Centre Dublin (CCD) last year enjoyed record pre-tax profits of €18.23m.

26/11 Record year for Irish arm of football super-agent Gestifute as business levels soar

Pre-tax profits at the Irish branch of the football “super agency”, Gestifute, last year almost doubled to €67.3m in a record year for the business.

25/11 Wet summer contributes to fall in Emerald Park profits

Pre-tax profits at the firm that operates Emerald Park last year slumped by 26pc to €4.43m as the Co Meath visitor attraction counted the cost of a wet Irish summer in 2023.

25/11 Court approves sale of Homebase assets to The Range

The High Court has approved the sale of “certain assets” of Homebase in Ireland to The Range, which has also moved in on many of the chain’s UK stores.

25/11 McDonald’s franchise operator sees revenues jump to €52.7m

The operator of the first McDonald’s outlet in Ireland, on Dublin’s Grafton Street, last year recorded pre-tax profits of €4.68m.

25/11 The week ahead in business: Black Friday sales and the build-up to election day

The nation will go to the polls on Black Friday, a concept imported from America when stores kick off the Christmas shopping spree with highly publicised sales at supposedly discounted prices. According to a poll commissioned by the Competition and Consumer Protection Commission (CCPC), just over one third of us are planning to buy something. That’s down from 45pc last year, although we are planni

24/11 Laya Healthcare directors shared massive pay bonanza after sale to Axa

The directors of one of the country’s biggest health insurers, Laya ­Healthcare shared in a pay bonanza of almost €12m.

22/11 Corrib gas field firm pays dividends of €687m over two years

A significant shareholder in the Corrib gas field, currently challenging an EU windfall energy tax regime, has paid out dividends of €686.95m over the past two years.

22/11 Profits up at Mediahuis Ireland’s newspaper arm

Turnover fell but profits were up at news publisher Mediahuis Ireland last year, according to accounts filed with the Companies Registration Office (CRO).

21/11 Top landlord Ires Reit’s shares hit all-time low despite continuing home price rises

Shares in Ireland’s biggest private landlord, Ires Reit, have slumped to an all-time low even as home prices continue to soar and interest rates trend downwards.

20/11 Cadbury distributor doubles pre-tax profits to over €6m last year

Pre-tax profits at the seller and distributor of Cadbury chocolate here last year more than doubled to €6.17m.

20/11 ‘An undesirable precedent’: Dylan Hotel and residents’ group opposing plans for new 100-bed hotel in centre of Dublin

The Dylan Hotel and a residents’ group, the Pembroke Road Association, are opposing new plans for a 100-bedroom Raglan Townhouse hotel for Baggot Street Upper in Dublin.

19/11 Pre-tax profits at Wix more than double despite revenues dipping

Pre-tax profits at the Irish arm of tech firm Wix last year more than doubled to €2.6m.

19/11 Former ‘taxing master’ fails in €200,000 security-of-costs challenge

A company for which solicitor James Flynn provided a €2.5m loans guarantee has failed in an appeal over being required to put up nearly €200,000 as security for costs in a High Court action he and the firm are taking.

18/11 An Bord Pleanála to challenge court’s quashing of refusal for Shannon LNG

An Bord Pleanála wants to appeal against the High Court’s nullification of the board’s refusal of permission for the proposed Shannon liquefied natural gas (LNG) terminal in Co Kerry.

18/11 Irish Airbnb unit sets aside $1bn to deal with tax probes

The Irish unit of online accommodation rental service Airbnb has set aside $1.002bn (€950m) to deal with tax investigations across the countries the company and its subsidiaries operate in.

18/11 Social media platforms ‘should have to verify ads’, says banking federation

There should be a requirement on social media platforms to verify ads for financial products before posting them online, as a way of combatting fraud, according to Banking & Payments Federation Ireland (BPFI).

18/11 Smart EV charging firm Ohme partners with Energia

Fast-growing Cork-based smart charging company Ohme has been appointed as a preferred EV charging partner for the Energia Group.

18/11 The week ahead in business: Election campaigning, fraud awareness and CSO figures on property prices

The Irish general election campaign will dominate the next seven days, with politicians producing all sorts of proposals and promises. Cynics will note that it’s also International Fraud Awareness Week. Noting to do with politics: this a global campaign led by the Association of Certified Fraud Examiners to highlight the importance of fraud detection and prevention.

17/11 ‘People still want to go on holidays’: Investments are rewarded as profits rise at Kelly’s Resort

Kelly’s Resort Hotel and Spa is to invest over €2m into the business, as it continues to enhance the four-star hotel amid high demand.

17/11 Colourtrend owner to invest €5m in former Famine workhouse HQ

General Paints, the Celbridge-based paint manufacturer behind the brand Colourtrend, is to invest €5m into its headquarters, a former Famine-era workhouse.

16/11 Irish merger and acquisition deals are ready to take off, claims IBI head

Ireland’s mergers and acquisitions (M&A) market is set to take off, with the technology and healthcare sectors particularly promising, according to the head of IBI Corporate Finance.

16/11 Sarah Jessica Parker endorsement helped boost demand for luxury clothing brand Magee

A global endorsement by Hollywood star and frequent Co Donegal visitor Sarah Jessica Parker helped the family-owned luxury Magee clothing brand to “strong sales demand in its retail sector” in 2023.

15/11 Irish economy will contract this year, says EU commission

Ireland’s GDP is expected to decline by 0.5pc this year, mainly due to a contraction in the multinational sector in the first six months, according to the autumn economic forecast by the European Commission.

15/11 Waterford Crystal firm profits fall by 27pc as global picture ‘slows recovery’

Pre-tax profits at the company behind the Waterford brand last year declined by 27pc to €508,000.

14/11 Donald Trump’s Irish hotel submits revised and scaled down plan for his Doonbeg golf resort

Eco-experts employed by the Trump International Golf Links & Hotel Ireland in Co Clare flew over 200 soil subsamples to the UK for analysis this year, as part of a survey at the resort of the Vertigo angustior, or narrow-mouthed whorl snail, a tiny creature protected by EU legislation.

13/11 Firm behind One4All gift card pays €40m dividend as profits top €11m

The company that sells One4All gift cards in Ireland last year paid out a €40m dividend from the strong profits recorded by the business in recent years.

13/11 Pre-tax profits fall at Irish data centre operator Equinix despite revenue growth

Pre-tax profits at the Irish arm of data centre builder and ­operator Equinix more than halved last year to €7.86m.

13/11 Operating profits at Kildare Village jump 82pc

Operating profits at the operator of “luxury shopping destination” Kildare Village last year increased by 82pc to €4.5m.

12/11 RTÉ unit paid out millions of euro last year to help finance hits including ‘Kin’, ‘The Dry’ and ‘Hidden Assets’

RTÉ’s Independent Productions Unit paid out €46.3m last year to help finance ­international hits such as Hidden ­Assets, Kin and The Dry.

12/11 Receivers say €4m sale of former nursing home is being blocked

The Commercial Court has agreed to deal with a dispute in which receivers say they are being prevented from selling a repossessed former nursing home for more than €3.97m.