You are viewing the content for Wednesday 11 September 2019

BUSINESS

US lobby group fires warning over FDI levels

US lobby group fires warning over FDI levels

The representative organisation for US companies invested in Ireland has attacked the Government's reluctance to lower personal tax rate levels, coinciding with Finance Minister Paschal Donohoe ruling out reductions in next month's budget.

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Hayfield Manor owner sees profits rise by 12%

Pre-tax profits at the Kerry-based hotel group that operates the five-star Hayfield Manor in Cork city last year increased by 12% to €6.1m.

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Housing slowdown fear despite upbeat CSO data

A slowdown in new house building output is likely without a relaxation of the Central Bank's mortgage rules and a government commitment to a continuation of the Help-to-Buy scheme, one Cork-based developer has warned.

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Frozen foods retailer Iceland sees Irish losses soar on expansion costs

Expansion costs at the Irish arm of British frozen food retailer Iceland contributed to pre-tax losses more than trebling to €2.48m last year.

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Mike Ashley insists ‘elevation’ on track but new auditor remains a mystery

The Sports Direct tycoon held court at the company’s annual general meeting at its head offices in central London.

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Gary McGann loses tax appeal over €2.3m in 'gift' payments

Gary McGann loses tax appeal over €2.3m in 'gift' payments

One of the country’s best-known business leaders Gary McGann has lost an appeal against the tax treatment of two payments totalling €2.3m which he claimed were a gift from Smurfit Kappa’s shareholders during his time as the group’s chief executive.

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Dublin Airport sets new record with 3.4 million passengers in August

Dublin Airport sets new record with 3.4 million passengers in August

More than 3.4 million passengers passed through Dublin Airport last month, an increase of 6% on last year and a new record for the airport.

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Judge confirms the appointment of examiner to operator of Dublin cafes and gastropub

Judge confirms the appointment of examiner to operator of Dublin cafes and gastropub

The High Court has confirmed the appointment of an examiner to a company that operates a restaurant, several cafes and a gastropub in Dublin.

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What cars were revealed at the Frankfurt Motor Show?

It’s that time of year again — the bi-annual Frankfurt Motor Show. Manufacturers, journalists and prospective buyers across the world have flocked to Germany to see what new cars are on the horizon, and the latest cutting-edge concepts.

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Heathrow Airport sets new record for busiest day

More than 260,000 passengers flew to or from the airport on August 4.

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Tourism to Ireland tops three million visitors from April to June

Tourism to Ireland tops three million visitors from April to June

The number of tourists to Ireland has increased in the second quarter of 2019.

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Consultancy firm headquartered in Cork announces 40 new jobs

3SIXTY, which is headquartered in Cork, works with businesses ranging in size from 50 to 500 employees.

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BA to operate more than 90% of flights after pilots’ strike

More than 300 aircraft and 700 pilots started Wednesday out of position.

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VW and BMW spread the gloom at Frankfurt show

Volkswagen and other carmakers have warned that trade tensions risk dragging the global economy into a recession as the fallout starts to hit consumers.

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Ratings agency cuts Ford to junk status

The Ford Motor Company has been dealt a blow by credit rating agency Moody’s Investors Service, which has cut the carmaker’s credit rating to junk on doubts that a turnaround plan by chief executive Jim Hackett will generate earnings and cash quickly enough.

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Banks raise concerns ahead of ECB meeting

European banks have stepped up their protest against rock-bottom interest rates ahead of this week’s ECB meeting, which is expected to underpin a policy that tramples their profits and has even pushed some to offer free loans.

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€17m Demeter project will digitally transform Europe's agrifood sector

Agricultural technology experts gathered in Waterford this week for the launch of a project to digitally transform Europe’s agri-food sector and support vibrant rural areas.

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