You are viewing the content for Wednesday 14 August 2019

BUSINESS

Major Irish offices landlord Green Reit sold to British fund for €1.34bn

Major Irish offices landlord Green Reit sold to British fund for €1.34bn

Office landlord Green Reit, which owns key properties in Dublin, including One Molesworth Street, George’s Quay and properties on Harcourt St, as well as One Albert Quay in Cork, has been sold for €1.34bn, confirming that the buyer is the British fund Henderson Park.

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Boylesports to buy more betting shop chains in Ireland and the UK

Boylesports is set to swoop for more independent Irish betting shop chains and is close to completing its second acquisition in the UK.

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DHL Ireland delivers 13% rise in profit

Pre-tax profits at the Irish arm of international logistics and delivery giant DHL last year increased by 13% to €3.14m.

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IPL Plastics earnings rise, but revenues fall

IPL Plastics, which operates a manufacturing facility in Cork, is understood to be open to making further acquisitions after completing a large purchase to boost its European business earlier this year.

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Ross urged to intervene in plight of Cork Airport after Norwegian withdrawal

Transport minister Shane Ross has been urged to intervene in the plight of Cork Airport after Norwegian Airlines’ decision to discontinue the hub’s only transatlantic service.

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Suggestions of confirmed buyer for British Steel ‘pure speculation’, union says

A union has described talk of a confirmed buyer for British Steel as “pure speculation”.

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ESRI warns default options not always cheapest when buying financial products online

People could be paying thousands of euros over the odds when buying financial products online by falling foul of "subtle features" when they sign up, according to new research by the Economic and Social Research Institute (ESRI).

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Aer Lingus announce special transatlantic fares following Norwegian withdrawal

Aer Lingus announce special transatlantic fares following Norwegian withdrawal

Aer Lingus has announced special Autumn fares to North America.

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Ryanair cabin crew in Spain announce 10 days of strikes

Unions representing Ryanair cabin crew in Spain have announced plans to hold 10 days of strike action next month.

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Property prices in Ireland rise by 2% in June: CSO

Residential property prices rose by 2% in the year to June compared to 2.6% in May, according to the latest figures from the Central Statistics Office (CSO).

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Consumer spending falls as clothing and footwear sector struggles

Consumer spending dropped in July compared to a year ago, a new report has revealed.

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Students can look forward to a very good jobs market in the years ahead

Students can look forward to a very good jobs market in the years ahead

Students can look forward to a healthy jobs market for the foreseeable future according to Ken Murphy of CareerWise Recruitment who says the market for graduates and others with qualifications has rarely been as healthy with many sectors at near full employment.

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Travel agents: Norwegian pull-out a big blow to Cork and Shannon airports

The Irish Travel Agents Association says the decision by Norwegian Air to end its transatlantic flights between Ireland and the US is a big blow to Cork and Shannon airports.

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Google in jobs search dispute

Google in jobs search dispute

Google’s fast-growing tool for searching job listings has been a boon for employers and job boards starving for candidates, but several rival job-finding services contend anti-competitive behaviour has fuelled its rise and cost them users and profits.

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Hong Kong shares tumble

Hong Kong shares tumble

Hong Kong’s stocks fell for a third day on deepening concerns about the economic fallout from weeks of anti-government demonstrations that show no sign of easing.

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TUI travel giant blames 737 Max and sterling for hit

TUI travel giant blames 737 Max and sterling for hit

Tourist travel giant TUI said the grounding of Boeing’s 737 Max jets was a big burden as it reported a 46% decline in underlying quarterly core earnings, sending its shares lower.

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Renault faces EU emissions challenge with its ‘cash cow’ Dacia cars unit

Renault’s Dacia has built a devoted following for its often spartan, low-cost vehicles, making it one of the French manufacturer’s fastest-growing consumer brands.

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European firms count cost of Argentina’s currency crisis

European companies, for the most part, have little exposure to Argentina, thanks to decades of economic boom-and-bust and wild currency swings.

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