BUSINESS - BREAKING NEWS

Tayto Park has revealed ambitious plans for a 250-bedroom hotel at its home near Ashbourne, Co Meath.

TODAY'S BUSINESS - IRISH EXAMINER

Cork to Limerick road may get funds for upgrade

A finance deal to upgrade the Cork to Limerick road could be drawing closer after discussions held with the European Investment Bank in Luxembourg and Finance Minister Michael Noonan and Expenditure Minister Paschal Donohoe.

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Diageo secures go-ahead for its whiskey distillery

Diageo has secured the go-ahead for its €25m plan to construct a new distillery at its St James’s Gate base in Dublin for its new premium blended Irish whiskey, Roe & Co.

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Opec nears output cut deal

Opec and non-member oil producers have moved closer to clinching a deal on extending output cuts by nine months to clear a global stocks overhang and prop up the price of crude.

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Britvic Ireland wants more clarity on sugar tax plans

Soft drinks manufacturer Britvic Ireland is calling for more clarity around the Government’s sugar tax proposals, due for implementation next April.

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Norwegian confident on deal for Europe to US flights with low-fare model

Norwegian Air said it remains confident that a deal can be struck with Ryanair or another airline to transport passengers from continental Europe to the US using the low-fare model.

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Katie Taylor boxing clever as profits pass €1.4m mark

Katie Taylor was boxing clever outside the ring last year as accumulated profits at her firm passed the €1.4m mark. 

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Ryanair boss Michael O’Leary: Hard landing for UK flights

Ryanair chief Michael O’Leary stepped up his warnings over Brexit saying the outcome of the talks would lead to an “inevitable” hard landing and bring major disruption to flights into and out of the UK.

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Providence Resources upbeat on Barryroe despite snub

Providence Resources boss Tony O’Reilly Jr has said landing a development partner for the company’s headline asset — the Barryroe oil and gas field off the Cork coast — remains the top priority despite a potential deal collapsing in the last few months.

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M&S insists ‘depressed’ clothing sales on the mend

Retailer Marks & Spencer said improving profit margins and steady market share showed its struggling clothing business was on the mend, despite a 10% drop in annual earnings and sliding sales in the latest quarter.

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Greencore shares rise on improved US outlook

Greencore shares rebounded by more than 9% yesterday after management reaffirmed the growth potential afforded by its recent purchase of US company Peacock Foods.

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Saoirse Ronan’s firm gets a star turn as profits on the rise

Saoirse Ronan’s star turn in awarding-winning Brooklyn has paid off for the young actor’s bank balance, with profits soaring over €430,000 at her entertainment firm.

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Hibernia Reit eyes offices growth

Property firm Hibernia Reit said it has the resources to spend on growing its office holdings and may seek to expand its buy-to-let residential holdings.

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Household debt remains high at €30k

The average Irish household owes over €30,000 — making Ireland the fourth most indebted country in the EU, the Central Bank has found.

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Apple and Nokia agree terms over patent dispute

Nokia has settled its legal battle with Apple with a new patent licence agreement and also signed a business deal with the US giant, surprising investors who had expected the dispute to drag on.

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Travel software company Datalex targeting numerous client wins

Irish travel software company Datalex has told shareholders that it expects to land a number of new client wins before the end of this year.

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Brexit starting to squeeze UK economy even tighter

The Brexit squeeze on British consumers has hurt the UK government’s finances as well as retailers, new figures show, indicating that the economic slowdown at the start of the year is now being felt more broadly.

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Cork property owners urged to avail of tax break to restore buildings

Property owners in Cork city are being encouraged to avail of a national scheme aimed at restoring historical buildings.

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EU approves strategy for Brexit talks, says negotiator Michel Barnier

The EU has finalised its tough Brexit negotiating position, reiterating its hard line on the UK’s departure bill and refusing to discuss a future trading arrangement until there is agreement on other key topics.

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Runway faces third legal bid

A third legal challenge over a decision extending planning permission for development of a new €320m runway at Dublin Airport has been fast-tracked by the Commercial Court.

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Irish games firm buys Chinese company

Irish-founded computer games services firm Keywords Studios has extended its presence in Asia with the $6m (€5.3m) purchase of Shanghai-based company Strongbox.

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Patent ruling to help Apple

The US Supreme Court tightened rules for where patent lawsuits can be filed in a decision that may make it harder for so-called patent “trolls” to launch sometimes dodgy patent cases in friendly courts, a major irritant for high-tech giants like Apple and Alphabet’s Google.

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Dublin Airport dominance ‘not in national interest’

Allowing domination by Dublin Airport is not in the national interest, according to a business organisation in Limerick.

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EU: No room for large rise in budget spending

The Government faces a “substantial fiscal effort” and despite strong economic growth has little room to increase spending beyond what it has planned for the next few years, the European Commission has said in a key report.

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Profits at Brosnan blood stock firm reach €4.2m

Accumulated profits at the bloodstock firm co-owned by former Kerry Group supremo Denis Brosnan last year climbed to €4.2m.

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‘UL can help boost growth’ in region

University of Limerick (UL) needs to improve its world ranking if it the region is to realise its potential economically, its incoming president has said.

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Bill O’Connell elected new Cork Chamber president

Cork ChamCork Chamber has elected Bill O’Connell as its new President. ber has elected Bill O’Connell as its new President. 

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The Monday Interview: Niamh McCoy - Past provides bright future for GAA Museum

Niamh McCoy, director of the GAA Museum, explains how improving the visitor experience is one of the key focus areas as the museum attempts to broaden its appeal and make an impact in the overseas market

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Susie takes Springboard PR to success at Cork Businesswoman of the Year

Strong leadership, huge determination, and persistence were some of the qualities cited by judges as Susie Horgan of Springboard PR and Marketing was crowned Cork Businesswoman of the Year.

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We’ve come a long way since the crash but vigilance needed

We are almost five months into 2017 and all the indications are the economy continues to strengthen.

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