Tuesday 27 September 2016

The week in Business

Published 17/10/2015 | 02:30

Jamie Heaslip - the Rugby World Cup has helped increase passenger numbers at Dublin Airport.
Jamie Heaslip - the Rugby World Cup has helped increase passenger numbers at Dublin Airport.
Clarion Hotel in Cork.
Dominos Pizza is hailing a resurgence in Ireland.

A look back at the main business stories of the week.

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Monday

More than 5,300 people in Ireland will probably have to wait until next year to see if their jobs will be impacted by the planned $67bn (€59bn) acquisition of EMC by Dell.

UTV Ireland is included in the sale of TV assets being sold by UTV Media plc to ITV, it's confirmed. There had been a question mark over whether the sale of the TV division would include the beleaguered Irish channel, which has had disappointing viewing figures since its launch in January.

Tuesday

Passenger numbers soared at Dublin Airport in September, with the figure rising 14pc to 2.3 million, helped by new routes and extra frequencies. The airport has also seen an increase in passenger numbers as the Rugby World Cup heats up in Britain. Both Ryanair and Aer Lingus have been laying on extra flights for fans travelling to follow the Ireland team in Britain.

Ireland's largest hotels group Dalata has agreed to buy the Clarion Hotel in Cork for €35.1m. The deal - the largest ever hotel sale in the Cork City market - is expected to complete this month.

Wednesday

The almost universal requirement by banks for personal guarantees for SME loans is curtailing enterprise, the agency tasked with monitoring lending to small and medium enterprises warns.

An expanding economy could lead to widening waistlines, with Domino's Pizza hailing a resurgent Irish operation. The company said its system sales - the revenue it derives from franchisees - jumped 14.1pc to €13.8m in Ireland during the 13 weeks to the end of September, buoyed by the recovery.

Thursday

Kerry Group spends $735m (€646m) on three US acquisitions. Chief executive Stan McCarthy says the businesses provide "tremendous growth opportunities".

Internet retail giant Amazon plans to spend tens of millions of euro on another data centre at a site in Dublin - just months after completing a facility at the same location, the Irish Independent learns.

Irish Independent

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