Business Irish

Thursday 24 May 2018

Cork-Dublin boost

AIRCOACH has made a €3m investment to improve links between Dublin and Cork after the number of people using the route last year jumped by half.

Ten new coaches began operations yesterday, giving a journey time of just three hours. The Volvo B11Rs coaches have wheelchair access, leather seating, toilets, air conditioning, Wi-Fi and charging points. Junior Transport Minister Alan Kelly said the investment underlines their commitment to delivering high standards in public transport. "I look forward to further growth in customers using public transport as a result of these types of investments," he said.


THE Government plans to aggressively pursue new opportunities in emerging markets to boost job creation, according to Tanaiste Eamon Gilmore. Mr Gilmore said Irish exporters were driving the economic recovery, and that Ireland must now seek to expand and diversify its portfolio of trading partners to make sure that recovery is sustained.

He told Chartered Accountants Ireland that full employment by 2020 is the target that all Government departments and agencies are working towards.


THE IDA has advised students to look at the employment opportunities available in the digital sector when filling out CAO forms.

Chief executive Barry O'Leary said Ireland hosts most of the world's leading digital companies and continues to attract substantial levels of foreign direct investment. "Key to this success is the ability to provide clients with the skills and talent they need," he said. "Skills availability is the single biggest competitive advantage Ireland can deploy in its quest to attract high-quality investment."


ARDAGH Glass, the global container-maker controlled by Dubliner Paul Coulson, is paying an average of 5.4pc interest on $1.53bn (€1.1bn) of new debt facilities. The cash has been raised to finance the planned acquisition of US glassmaker Verallia.

The price compares to an average interest of 6pc when the company raised financing last year for the same deal. That earlier debt had to be repaid after the Verallia takeover was delayed.

Ardagh has now borrowed $700m in senior secured term loans at an interest rate of 4pc, and two $415m tranches of bonds - at interest rates of 6.25pc and 6.75pc.

Irish Independent

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