Independent.ie - Irish RSS Feed


10/25/2017 07:03 AM
Draper Esprit in €20m acquisition of Seedcamp Funds I and II
Dublin and London-listed venture capital investor Draper Esprit has announced the acquisition of Seedcamp Funds I and II for £17.9m (€20m).

10/25/2017 01:30 AM
Kainos expanding into Denmark
NORTHERN Ireland-listed technology giant Kainos is expanding its global reach with a new office in Denmark.

10/25/2017 01:30 AM
Warning hard Brexit could leave Border region further behind
How to deal with the Border issue post-Brexit looks increasingly intractable.

10/25/2017 01:30 AM
Aparthotel to replace iconic Dublin pub
Plans to knock down one of Dublin's most famous pubs to make way for the construction of an aparthotel have been given the go-ahead, despite locals' objections.

10/25/2017 01:30 AM
City firms warning over triggering Brexit plans
Firms in London's financial district will begin activating their Brexit contingency plans unless the British government provides clarity over a transition period by year-end, the City of London Corporation has warned in a letter to the UK Chancellor.

10/25/2017 01:30 AM
Johansson boost for Bloomsbury
Harry Potter and Scarlett Johansson helped grow revenues at publisher Bloomsbury in the first half of the year as the group's digital division continued to perform well.

10/25/2017 01:30 AM
AWAS directors paid €9m as it records loss
Thirteen directors at Dublin-based aircraft leasing firm AWAS Aviation Capital last year shared a pay pot of $10.7m (€9.09m).

10/25/2017 01:30 AM
€17m sale of city car park an early test of Donohoe's stamp duty hike
Agents CBRE expect the increase in stamp duty from 2pc to 6pc to have little impact on the €17.3m sale of a Dublin car park - despite the property industry being up in arms at Finance Minister Paschal Donohoe's decision.

10/25/2017 01:30 AM
Shares in insurer FBD jump as it weathers Ophelia storm
Shares in FBD rose by more than 8pc yesterday after the country's biggest stand-alone insurer said the net cost of Storm Ophelia to business will be between €4m and €6m. The cost of claims, net of reinsurance, will be €2.5m, the company said.

10/25/2017 01:30 AM
Ryanair tells pilots to take leave in first three months of next year
Ryanair has told pilots that much of their annual leave for 2018 will have to be taken in the first three months of the year.

10/24/2017 03:05 PM
Borrowers have been treated 'disgracefully' by banks during tracker mortgage scandal - Paschal Donohoe
Finance minister Paschal Donohoe has said that borrowers have been treated "disgracefully" by the banks during the tracker mortgage scandal.

10/24/2017 12:56 PM
Irish fintech firm Trezeo secures €30,000 investment funds at NDRC Investor Day
A fintech startup has scooped the top prize of €30,000 follow-on investment the NDRC Investor Day Autumn 2017

10/24/2017 07:43 AM
Dublin-listed Draper Esprit sees its portfolio value increase 44pc
Dublin- and London-listed venture-capital investor Draper Esprit has seen its portfolio value increase by a massive 44pc to £162.8m in the six months to 30 September.

10/24/2017 07:04 AM
Kingspan retains position on climate 'A List'
Cavan-based Kingspan has been named on the climate ‘A List’ by CDP, an international non-profit organisation that measures the environmental impact of thousands of companies around the world.

10/24/2017 06:59 AM
Tracker mortgage scandal: Lenders to outline how cash will be paid back
Banks at the centre of the tracker mortgage scandal are expected to issue a statement outlining their plans for paying compensation in the coming days.

10/24/2017 05:54 AM
What it says in the papers – business pages
Here's a look at what it says in the business pages of today's newspapers:

10/24/2017 01:30 AM
Ryanair pilots told they face watershed as unrest persists
Ryanair pilots have been told they now face a "significant decision" and warned that industrial action is "sometimes… the only way to bring an intransigent employer to a satisfactory agreement".

10/24/2017 01:30 AM
GS-Pimco close in on Danske loan deal
Goldman Sachs and Pimco are set to finalise the acquisition of Danske's €1.8bn retail book later this week in what represents the most significant sale of performing loans since the crash.

10/24/2017 01:30 AM
Tesco and SuperValu tussle for victory in grocery war
Tesco and SuperValu are now neck-and-neck in the battle to be Ireland's biggest grocery chain. But Dunnes Stores is in hot pursuit as the busy Christmas buying frenzy approaches.

10/24/2017 01:30 AM
Dublin Port on course for third record year in a row
Volumes at Dublin Port have surged more than 30pc in the past five years as economic recovery boosted its performance.

10/24/2017 01:30 AM
Profits at ASL Aviation fall to €7.9m
Underlying profits at Dublin-based ASL Aviation dipped 5pc last year to €7.9m, despite revenue soaring to €738m from €377m as it completed the acquisition of operations including TNT Airways.

10/24/2017 01:30 AM
Property finance firm seizes the Initiative
Initiative Ireland has launched the country's first syndicated property finance platform.

10/24/2017 01:30 AM
Audit standards crackdown urged after crash errors
The Tánaiste and Jobs and Enterprise Minister Frances Fitzgerald has asked the Government to back a tougher regime for overseeing and disciplining auditors, in a package of measures taken to Cabinet last night.

10/24/2017 01:30 AM
EIB €170m to fund university projects
NUI Galway has received a loan of €60m for its campus development from the European Investment Bank (EIB).

10/24/2017 01:30 AM
European stock markets track higher
European stock markets were on track to finish higher yesterday, with even the UK's FTSE-100 edging up despite slowing factory orders there.

10/24/2017 01:30 AM
Eurogroup chief warns countries still exposed to 'future shocks'
Eurozone countries remain vulnerable to another crisis because they don't have the fiscal space to absorb future shocks, the outgoing head of the Eurogroup has warned.

10/23/2017 01:36 PM
NUI Galway gets €60m for campus development
NUI Galway has received a loan of €60m for campus development from the European Investment Bank (EIB).

10/23/2017 12:37 PM
Irish-based firm behind weight management wearable tech raises £1.2m in IndieGoGo campaign
An Irish-based company that has created unique weight management wearable tech has raised £1.2m in its IndieGoGo campaign.

10/23/2017 11:35 AM
Tesco and SuperValu neck-and-neck in top grocery chain battle as Christmas approaches
Tesco and SuperValu are now neck-and-neck in the battle to be Ireland’s top grocery chain, with Dunnes Stores hot on their heels as the busy Christmas buying frenzy approaches.

10/23/2017 07:45 AM
CRH shares up on Ash Grove acquisition news
Shares in building materials group CRH have risen 2.5pc this morning after it’s bid to purchase Ash Grove Cement for $3.5bn (€2.94bn) was approved by Ash Grove shareholders.

10/23/2017 06:06 AM
What it says in the papers – business pages
Here's a look at what it says in the business pages of today's newspapers:

10/23/2017 01:30 AM
Liquidator in for insolvent unit of Life Style Sports
A 100pc owned subsidiary of retail chain Life Style Sports has collapsed into insolvency, leaving creditors substantially out of pocket.

10/22/2017 05:00 PM
O'Malley Homes in €100m Cerberus exit
Property business O'Malley Homes and Development has ended its relationship with US investment fund Cerberus after a €100m refinancing deal.

10/22/2017 05:00 PM
Nama would be a big winner from Murphy's high rise Dublin plan
Housing minister Eoghan Murphy delivered what many will see as welcome news at the recent Irish Planning Institute Annual Autumn conference. At it he said he would tackle the "faintly ridiculous restrictions" on using scarce land in an effective and efficient way.

10/22/2017 05:00 PM
Falcon awaits crucial fracking report from an Australian judge
An Australian judge is due to issue a report within weeks that could have a profound impact on the future of Irish oil and gas exploration company Falcon Oil & Gas.

10/22/2017 05:00 PM
Tullamore Dew owner spends €25m to boost distilling operations in Offaly
Tullamore Dew owner William Grant & Sons has put €25m into its distilling operation in the Offaly town this year as it seeks to drive sales.

10/22/2017 05:00 PM
Imagine deal fuels earnings growth at Magnet Networks
Earnings grew eight times higher at telecoms business Magnet Networks last year after it paid €14.2m to buy Imagine Telecommunications' business-to-business arm.

10/22/2017 05:00 PM
Dublin Airport study warns about delays
A Report into the capacity of Dublin Airport has issued two "advisory flags" about Terminal 2 and warned about increasing delays at peak times.

10/22/2017 05:00 PM
NCB and Quinn veteran Killeen's 'Post' exit plans
If Conor Killeen harboured any ambitions to become a newspaper magnate, then the changing of the guard at Key Capital appears to have put an end to them.

10/22/2017 05:00 PM
Is Bellew preparing to take control at Ryanair?
Peter Bellew's return to the Ryanair fold fires the starting gun on the race to succeed Michael O'Leary as the boss of Europe's largest airline.

10/22/2017 05:00 PM
Conroy's healthy investment strategy
Three years ago, John Conroy walked away from Merrion Capital, the firm he founded with six of the country's leading brokers in 1999, taking with him a key lesson on building up a successful business. Finding the right people is as important as identifying an opportunity in the market.

10/22/2017 05:00 PM
Anger after wards of court funds lost cash
Wards of court are some of the most vulnerable people in Irish society. They are deemed by the High Court to be unable to manage their own affairs - be it through catastrophic injury, illness or some other cause - so the Courts Service comes in to fill the void.

10/22/2017 05:00 PM
Irish exporters look east for growing market in quality goods
Irish companies should look east to find a rising marketplace for quality goods and services.

10/22/2017 05:00 PM
Heavy hitters join Conroy's €100m health tech fund
The former chief executive of Merrion Capital, John Conroy, has launched a €100m health and wellness fund that has a strong emphasis on tech.

10/22/2017 05:00 PM
Exploratory talks between credit unions and Sparkasse bank could be held 'within weeks'
Exploratory talks on a potential partnership between Sparkasse and Irish credit unions could begin within weeks, after the German community bank promised it could introduce low interest rates for both mortgage and SME borrowers.

10/22/2017 05:00 PM
Katie Taylor is now most admired sport star in sponsor study
Katie Taylor, who is preparing for the biggest moment of her professional boxing career in her challenge for the WBA World lightweight title in Cardiff next Saturday, is now Ireland's most admired sports personality, according to sponsorship advisers Onside.

10/22/2017 05:00 PM
Bathroom equipment maker Broadlake-backed Merlyn Showering seeks buyer
The Kilkenny-based bathroom equipment maker Merlyn Showering has courted potential buyers in recent months.

10/21/2017 09:00 AM
Irish firm Prodigy Learning expands into Asia Pacific market
Irish firm Prodigy Learning, which provides digital skills certifications and learning solutions, has entered the Asia Pacific market with the opening of an office in Sydney.

10/21/2017 01:30 AM
Plans 'at advanced stage' for new insurance fraud unit in gardaí
Plans to set up a specialist unit within the gardaí to fight insurance fraud are at an advanced stage.

10/21/2017 01:30 AM
Sherry Fitz profits up on resurgence in property
The country's vibrant property sector pushed pre-tax profits at Sherry Fitzgerald up by 64pc to €3.93m last year.

10/21/2017 01:30 AM
Irish funds find new ways to invest after Brazil Blacklist
Brazil has provided investors with some of the best returns in the world this year but investment funds based in Ireland have been forced to adopt new strategies to get their money's worth.

10/21/2017 01:30 AM
Foley seeks Natrium to cover legal bill over Clerys
Businesswoman Deirdre Foley is seeking that the buyers of Clerys store cover all of her firm's legal and other costs in its legal action against a State agency.

10/20/2017 01:30 AM
Another heavyweight headhunter weighs Dublin expansion
High-end financial recruitment firm Odgers Berndtson is set to enter the Irish market through a tie-up with Amprop's Irish arm, the Irish Independent has learned.

10/20/2017 01:30 AM
Deutsche Bank sells IFSC unit
Two of the largest fund services businesses in the IFSC will merge following the acquisition of Deutsche Bank Alternative Fund Services (AFS) unit by Apex Fund Services and Genstar Capital.

10/20/2017 01:30 AM
Ryanair contract pilots at Stansted warned over pay deal
Pilots hired out on contracts to Ryanair at Stansted Airport have been warned by the contracting firm that supplies them to the airline they won't be eligible for new productivity bonuses unless Ryanair staff pilots at the London base also accept such awards.

10/20/2017 01:30 AM
Stobart looks at shake-up to get investors on board
THE British transport and energy group Stobart, whose aviation arm operates the Aer Lingus Regional service, is eyeing a new structure for its aviation unit.

10/20/2017 01:30 AM
Irish hotel sector resurgence continues in September
Dublin hotel room rates have continued to rise, with the revenue per available room jumping 9.2pc in September and average room rates up 10.1pc, according to data from STR Global.

10/20/2017 01:30 AM
Staff 'key' in fight against insurance fraudsters
Insurers are investing more in technology and investigation units to tackle the challenge of insurance fraud, with 97pc of fraud experts of the opinion that the digital age will increase fraudulent behaviour.

10/20/2017 01:30 AM
Property gains fuel jump in profits at Blackstone Group
Real estate continues to fuel gains for Blackstone Group, which reported a jump in third-quarter profit that exceeded all analysts' estimates yesterday.

10/20/2017 01:30 AM
Inside AIB's blockbuster €2bn Redwood portfolio sale
AIB's blockbuster loan sale, Project Redwood, will top €3.76bn in face value, the Irish Independent can reveal.

10/20/2017 01:30 AM
Dunnes tweaks new layout at flagship store after shopper unrest
Dunnes Stores is tweaking a new layout at its flagship Cornelscourt store in Dublin, in what's understood to be a response to push-back from some shoppers.

10/20/2017 01:30 AM
RTE may stop selling DVDs after sales slump
TUMBLING sales of DVDs and CDs by RTÉ's commercial arm last year contributed to revenues at the company declining sharply by 20pc or €5m to €20m.

10/20/2017 01:30 AM
Krispy Kreme picks site for Irish debut
Krispy Kreme has picked a site for its Irish debut.

10/19/2017 02:30 PM
'I might be an entrepreneur one day' - schoolchildren make over €1K profit turning waste into a business
IMAGINE taking a waste product and transforming it into more than €1000 profit and all while studying in national school.

10/19/2017 05:52 AM
What it says in the papers – business pages
Here's a look at what it says in the business pages of today's newspapers:

10/19/2017 01:30 AM
AIB gears up to launch $2bn Project Redwood loan sale
AIB is preparing to launch the largest non-performing loan sale in its history next month as it embarks on the final phase of its post-crisis balance sheet purge amid a fresh crackdown on the sector from the European Central Bank.

10/19/2017 01:30 AM
Kerry hotels group records €19.2m revenues
The directors of a Kerry luxury hotel group have sounded warnings over the short to medium-term impact on business of Brexit, the US election "and the troubling state of the EU".

10/19/2017 01:30 AM
Flybe shares slump after fresh profit warning
Shares in UK regional airline Flybe plunged by as much as 20pc in early trading yesterday as it issued a profit warning - its second in just over six months.

10/19/2017 01:30 AM
Cork medtech company attracts record angel investment
Cork-based medical technology firm AventaMed has raised €1.6m in funding from the Halo Business Angel Network (HBAN).

10/19/2017 01:30 AM
Hotel in Quinn's former empire worth €222m
The Hilton Hotel in Prague - a jewel in former billionaire Sean Quinn's empire when it was bought in 2004 for €145m - has been valued at €222m.

10/19/2017 01:30 AM
Department of Taoiseach pays €120k for summit
The Department of the Taoiseach paid out over €120,000 (incl Vat) to two firms to help run its two-day Data Summit in Dublin last June.

10/18/2017 10:20 AM
Queen’s University wins £4.6m award for cancer research
Queen’s University Belfast has been awarded a £4.6m (€5.1m) tripartite grant to tackle colorectal cancer.

10/18/2017 07:25 AM
Providence Resources confirms Total farm-in
Providence Resources has announced the approval by the Minister of Communications, Climate Action and Environment of the farm-in by Total to the Avalon licence option 16/27.

10/18/2017 06:37 AM
Area narrows in Dublin-based Karelian’s search for green diamonds
Dublin-based Karelian Diamond Resources has announced that an extensive work programme is underway to find the source of the green diamond discovered by the company earlier this year.

10/18/2017 01:30 AM
Bailed-out PTSB able to borrow for free
Permanent TSB is on course to borrow for the first time at a so called negative yield - meaning bond investors are prepared to lose money to hold debt secured on €500m of its Irish mortgages.

10/18/2017 01:30 AM
Ryanair rehires Peter Bellew to sort out pilot mess
Crisis-hit Ryanair has confirmed that Peter Bellew - the highly-regarded CEO of Malaysia Airlines - is to rejoin the Irish airline as its chief operations officer.

10/18/2017 01:30 AM
EI clients wrap up deals at Sydney lunch
Cork-based education software developer Akari has signed €5m worth of deals with Australasian universities.

10/18/2017 01:30 AM
DAA planning overhaul of retail in Terminal 2
The DAA is to embark on a major revamp of its retail operations at Dublin Airport's T2. The project - overseen by the DAA's Aer Rianta International (ARI) unit - includes the development of a new 14,500 sq ft duty free outlet, a large liquor store as well as other new units for the sale of items such as perfume, luggage and jewellery.

10/18/2017 01:30 AM
Profits soar at Irish arm of 'League of Legends' company
Pre-tax profits at the Irish arm of US game firm Riot Games increased by 33pc last year to €7.19m, up from €5.4m in 2015.

10/18/2017 01:30 AM
Boeing rails against Bombardier deal to escape tariffs
Bombardier's deal with Airbus solves a number of problems for the Canadian plane-and-train maker, mostly by making Boeing's complaints against the company effectively moot, analysts have said.

10/18/2017 01:30 AM
Bank of Ireland faces legal challenge
Bank of Ireland faces a legal challenge to its move earlier this year to fold its private banking arm into the wider group.

10/17/2017 11:01 AM
Exports decreased 4pc in August - CSO
Seasonally adjusted goods exports decreased by €395m or 4pc to €9bn in August 2017 compared with July 2017, according to preliminary figures from the Central Statistics Office (CSO).

10/17/2017 09:42 AM
Peter Bellew to re-join Ryanair as COO
Peter Bellew is to re-join Ryanair as Chief Operations Officer (COO), the airline has announced.

10/17/2017 06:14 AM
Storm Ophelia: Business update
A number of businesses have yet to confirm whether they will open today however, Bank of Ireland and AIB are among those that have already said that they will be open for business today.

10/17/2017 01:30 AM
Profits surge at Usit as students flock for J1 visas
Operating profits at specialist student and independent travel firm Usit last year increased more than four-fold to €298,890.

10/17/2017 01:30 AM
Bank of Ireland's Bannigan moves on from private banking unit
Veteran banker Gabriel Bannigan has stepped down from his role as head of Bank of Ireland Private after the lender shifted responsibility for the business to Seán Ó Murchú, head of Bank of Ireland Life.

10/17/2017 01:30 AM
Irish firms raise €391m in VC funds
Irish companies raised $462.44m (€391m) in venture finance in the first nine months of the year, according to the latest KPMG Venture Pulse, which tracks activity in the sector.

10/17/2017 01:30 AM
Profits rise by 20pc to hit €40.6m at Mercer
THE average pay at a consultancy firm that carried out a report on pay at Irish banks increased last year to over €88,000.

10/17/2017 01:30 AM
Draper Esprit backs seed funds to counter Brexit effects
Dublin- and London-listed venture-capital investor Draper Esprit has said it will target up to £75m (€85m) of investment in seed funds across Europe over five years.

10/17/2017 01:30 AM
Odeon figures make for good viewing
THE Irish arm of the Odeon cinema chain has pointed to 'Bridget Jones' Baby', 'Finding Dory' and 'The Secret Life of Pets' as driving revenues of €11.3m last year.

10/17/2017 01:30 AM
Irish trade deals are revealed in Australia
Forklift supplier Combilift, healthcare-technology company Oneview and foreign-exchange specialist Fexco are among the 14 Irish companies to announce significant trade deals as President Michael D Higgins continues his State visit to Australia.

10/17/2017 01:30 AM
Banks face bleak future despite cost-cutting - Moody's
Ratings agency Moody's has painted a bleak picture of the European banking sector and said the pressure to cut costs in the face of tougher regulations and historically low interest rates looks set to persist.

10/17/2017 01:30 AM
Bear Market team bullish on growth
BEAR Market Coffee is expanding, with the opening of its fourth coffee shop and first premises in Dublin city centre, as it delivers on a strategic plan to open 10 coffee shops across the city and create 50 new jobs by 2020.

10/17/2017 01:30 AM
Ryanair crew in Italian trade union to strike
An Italian trade union has warned that Ryanair workers who are members of the organisation will consider more strikes if demands for better terms and conditions are not met by the airline.

10/16/2017 06:44 AM
Draper Esprit targets seed funds with strategy to invest significantly
Dublin-listed Draper Esprit has announced a strategy to target up to £75m (€85m) of investment in seed funds across Europe over a five-year period.

10/16/2017 05:54 AM
What it says in the papers – business pages
Here's a look at what it says in the business pages of today's newspapers:

10/16/2017 01:30 AM
Gaelectric hires KPMG to weigh asset sales
Indicative bids are due within the next few months for assets belonging to energy firm Gaelectric as the company attempts to capture value for shareholders rather than risk further strains to its balance sheet.

10/16/2017 01:30 AM
IG to close its sales office in the capital
International contracts- for-difference (CFD) provider and spread-betting firm IG is closing its Irish sales office.

10/16/2017 01:30 AM
Sharewatch: Healthy ambitions can deliver bracing profits
A good picture, as we all know, is worth a thousand words, but one picture is locked in my head for weeks.

10/16/2017 01:30 AM
New runway twist as IAA grounded on aircraft noise
Fresh complications are clouding the planned use of a new €320m runway project at Dublin Airport after the Government dramatically backtracked on proposals to put the Irish Aviation Authority (IAA) in charge of enforcing an EU aircraft noise regulation.