Greencore eyeing 'quite a bit' of UK acquisition activity

Greencore boss Patrick Coveney expects the sandwich-making group to undertake "quite a bit" of acquisition activity in the UK market over the next three to five ...

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Increase in shadow banking activities seen as potential threat to Irish economy

Ireland is one of the largest centres for so-called shadow banking activity in the world, which could threaten the country's economic stability and traditional banking ...

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Ryanair shares dive as profits hit 4-year low

Ryanair shares tumbled nearly 5% after the airline reported its weakest annual profit in four years and said its earnings may suffer for the next couple of years ...

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Kingspan chairman makes €44.5m from share sale

Kingspan founder and chairman Eugene Murtagh has made €44.5m from selling a tranche of his shares in the company.

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Shareholders back ICG board and pay levels

Shareholders in Irish Ferries-owner Irish Continental Group (ICG) have unanimously backed under-fire chairman John B. McGuckian and supported the group's executive ...

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External risks to Irish economic growth are increasing, economist warns

Upcoming national elections across Europe could ratchet up the external pressure on the Irish economy - already under threat from Brexit, potential global trade ...

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Seanad calls for dedicated minister to represent SME sector

The Seanad has, on the back of recommendations from various business groups, called on the Government to introduce a junior ministerial role to represent SMEs, as ...

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CRH rival Lafargeholcim eyes US deals following Europe success

CRH rival Lafargeholcim is eyeing 10 acquisitions this year on the back of stronger-than-expected first quarter earnings and increased customer demand in the European ...

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Paddy Power calls for tighter global gambling regulations

Paddy Power-Betfair has called for tighter global regulations for the gambling industry as online betting becomes more prevalent.

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Permanent TSB hints at further transactions to deal with bad loans

Permanent TSB (PTSB) chief executive Jeremy Masding has hinted that the bank may look at further sales of non-performing loans.

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Kenmare Resources not expecting to become takeover target

Kenmare Resources boss Michael Carvill is not anticipating the company becoming a fresh takeover target amid ongoing consolidation in the industry.

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Housebuilding group Abbey flags decline in operating profit

Irish housebuilding group Abbey has said operating profit for its latest financial year will be down on the previous 12 months and has given a mixed outlook for ...

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Musgrave considers standalone coffee shop chain

SuperValu owner Musgrave is eyeing the potential roll-out of a standalone coffee shop chain as part of its expansion plans.

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FBD rises despite Brexit fears and personal injury claim outlook

Shares in FBD rose strongly despite the insurer telling investors the impact of Brexit remains "a major source of uncertainty" for the company.

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Increase in builders' minimum pay rates heavily criticised by business groups and unions

The Small Firms Association has branded the decision to grant a near 3% increase in minimum pay rates for building and electrical contractors "disappointing" and ...

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Proposal to heavily cut Dublin Airport airline charges heavily criticised

The DAA has slammed proposed cuts to airport charges at Dublin as being "exactly what the Irish economy does not need" and has warned the move could scupper the ...

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Grafton Group sees no geographical constraints to future acquisitions

The chief executive of Irish-based builders' suppliers group Grafton has said management will not be restricted to the countries in which the business already operates ...

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Irish exploration company PetroNeft Resources looking to sell-up

The new chief executive of Irish exploration company PetroNeft Resources has said the company will likely be sold within the next two-to-three years.

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UK pub group JD Wetherspoon eyes Waterford as next spot on Irish expansion trail

The group operates four suburban Dublin pubs and one in Cork city.

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Dalata Hotels eyes entry to German market within five years

The Dalata Hotel Group intends to have a presence in Germany within the next five years.

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Coillte stockpiling in UK unit ahead of Brexit

State-owned forestry company Coillte has begun stockpiling wood in its UK operation so it can continue to serve British customers after Brexit.

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Daa plans €40m development spend for Cork Airport over next four years

The Daa expects to retain control of Cork Airport and plans to invest €40m in its development over the next four-to-five years.

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UK oil and gas firm closing in on development partner for Irish licences

British exploration company Europa Oil and Gas is expecting to finalise a development partner for the bulk of its Irish offshore licences in the coming months, enabling ...

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Central Bank slaps €1.24m fine on Canadian banking unit

The Central Bank has fined the Irish division of Canadian lender Bank of Montreal more than €1.24m for breaching the conditions of its Irish banking licence.

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Shannon Airport to suffer from Boeing 737-Max saga

Shannon Airport has warned that the grounding of Boeing's 737-Max aircraft will negatively affect its passenger numbers this year.

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Venture capital investment in Irish firms plummets

Venture capital investment in Irish-based firms fell significantly in the first quarter of the year, but a recovery is expected in the coming months.

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Airtricity not part of SSE retail sale plans

International energy provider SSE has no plans to exit the consumer/retail market in Ireland amid rising speculation that it is ramping up attempts to sell its retail ...

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Ulster Bank profits rise as RBS feels the heat

Ulster Bank’s profits improved in the first quarter of the year, but ongoing Brexit uncertainty and heightening competition in the UK has increased the pressure ...

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Kingspan unlikely to table fresh bid for Belgian company

Kingspan is not expected to make a revised offer for Belgian company Recticel despite the latter being open to a higher offer.

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State should 'aim higher' with new finance jobs plan

The Government's new plan to boost direct employment in the international financial services sector by nearly 14% over the next six years is not ambitious enough, ...

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Paschal Taggart to resign as Datalex chairman

Datalex chairman Paschal Taggart is to resign after the company's agm in the summer.

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Tullow falls on Kenya delay

Shares in Tullow Oil fell by over 2% after the Irish-founded exploration company slightly downgraded its production expectations for this year and said progress ...

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CRH to decide on sale of European distribution business 'in 2-3 months'

Building materials group CRH will decide, within the next three months, whether or not to sell its European distribution division.

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CRH to seek approval for fresh €350m share buyback programme

CRH has confirmed its intention to continue its share buyback programme and return up to a further €350m to investors by August.

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Primark to move design and buying functions from UK to Dublin

Discount clothing retailer Primark is to move all of its buying, sourcing and merchandising staff and functions to its Dublin headquarters.

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Malin-backed US drug firm tipped for €1bn sale

US drug development firm Poseida Therapeutics - of which State-backed investor Malin owns approximately 25% - has been tipped by analysts to fetch €1bn by way ...

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Datalex closes in on new CFO as shares fall further

Troubled travel software company Datalex is closing in on landing a new chief financial officer and is expected to announce the appointment early next month.

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Ryanair shares fall on broker profit outlook cut

Ryanair shares fell by more than 1.4% after a leading broker significantly lowered its profit forecast for the airline.

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Tesco Ireland revenues increase 5%

Tesco has reported a 5% rise in annual revenues for its Irish operations to just under €2.7bn.

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Aer Lingus Regional cabin crew set for Easter strike

Cabin crew staff servicing Aer Lingus Regional flights look set for strike action over Easter due to a dispute over pay and working conditions.

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Irish firms already reeling from Brexit, survey says

Brexit has dragged Irish business confidence levels to a record low, according to a report, with 46% of companies claiming to have been negatively impacted by the ...

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Irish explorer PetroNeft mulls sale of Russian assets

Irish exploration company PetroNeft Resources is looking at all options - including the sale of its chief assets - in a bid to return value for its shareholders.

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Davy is latest forecaster to lower Irish growth expectations

Davy Stockbrokers is the latest forecaster to lower its expectations for Irish economic growth this year.

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Paddy Power eyeing strong US earnings by 2025

Paddy Power-Betfair is targeting so-called 'contribution' profits of $600m (€530m)from its currently loss-making US operations by the middle of the next decade. ...

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Corporate investors in €1.1bn housing spend

More than 11% of residential accommodation sold in Dublin last year was acquired by corporate investors, who spent more than €1bn on such property, according ...

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Exploration lobbyist warns of higher energy costs if drilling is banned

Consumer energy bills could increase by as much as 23% if Ireland is forced to continue importing its oil and gas requirements by self-imposing a ban on offshore ...

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Cheltenham eats into Ladbrokes Ireland progress

British bookmaker Ladbrokes has seen a tough start to the year across its Irish operations, with horse racing results - particularly at last month's Cheltenham festival ...

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Crash-out Brexit hit to be ‘severe and immediate’, says Central Bank

The lending activity of Irish banks and access to credit for consumers and SMEs are unlikely to be adversely affected even in a worst-case Brexit scenario, the Central ...

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Keywords Studios tipped to make less acquisitions

Dublin-based video game content provider Keywords Studios is expected to make fewer acquisitions this year but could well spend more on the purchases it does make.

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Former government adviser to head oil lobbyist

Mandy Johnston, a former government press secretary and adviser to the taoiseach, has been appointed chief executive of the representative organisation for the Irish ...

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