The week in Business
Published 29/08/2015 | 02:30
A look at the main events in business during the week.
US stocks stage a recovery after the Dow Jones briefly plummeted around 1,000 points on opening after 'Black Monday', sparked by concerns over China.
Kingspan earmarks €20m for its initial expansion into Mexico as it reveals that revenue rose 39pc to €1.24bn, while trading profits jumped 61pc to €111.7m.
Vodafone is to release a host of new data centre services for business and public sector clients this October. The company is spending €7m on improving infrastructure and technology available in its existing Dublin-based data centre in Clonshaugh.
The ISEQ Overall Index closes up 4pc - its biggest one-day jump in more than five years - as European and US stocks bounce back from 'Black Monday'.
Ryanair boss Michael O'Leary and Cartrawler CEO Mike McGearty kissed for the cameras as they sealed a car hire tie-up deal. And Mr O'Leary predicts the "mother and father" of all fare wars this winter in Europe.
The world's biggest online betting group is set to emerge from the planned €7.5bn merger between Paddy Power and UK firm Betfair. Shares in both companies surge on the news.
An Irish technology company Intercom lands a €31m funding round from investors who include Mark Zuckerberg, Sheryl Sandberg and Twitter boss Jack Dorsey.
CRH - Ireland's biggest company - is on the cusp of a "very significant growth period" after being "to hell and back" in the European market, says chief executive Albert Manifold. CRH reveals a strong first-half performance, driven by growth in the United States.
Both Irish Continental Group and Grafton Group report strong growth and profits, while Jameson Whiskey reports 26th year of consecutive growth.