Independent.ie
Business
Tuesday 24 April 2018
Today's top story
National grid operator Eir-Grid recently announced that Ireland’s power system was the first in the world capable of delivering 65pc of all electricity from variable sources, including wind. Stock image
Korean firms back €150m renewable energy project here Irish company Lumcloon Energy is to invest €150m in two battery storage technology centres in the Midlands that will boost use of renewable energy and reduce dependence on fossil fuel-fired power plants.
 
Main Business Headlines
 
Ireland is ahead of only Italy, Spain, and Portugal in terms of having the lowest levels of housing output in the EU. Stock Image: Bloomberg Irish housing output among lowest in the EU – report Ellie Donnelly Housing output in Ireland is among the lowest in Europe, according to the latest ‘Building Energy Rating (BER) Housing Tracker’ from Goodbody.
Alan Walsh, CEO IPL to hold shareholder vote on corporate restructure Gretchen Friemann IPL Plastics, the plastics company formerly known as One51, will hold a shareholder vote on May 17 to approve a corporate restructure aimed at paving the way for a listing on the Toronto stock exchange in late June.
Wetherspoon founder and Brexit supporter Tim Martin 'No one wants hard border, it would be sheer bloody mindlessness' - Wetherspoons boss Ellie Donnelly A return to a hard border between Northern Ireland and the Republic would be "sheer bloody mindlessness," according JD Wetherspoon chief executive and Brexit supporter Tim Martin.
Outsourcing giant Capita to raise £701m as CEO dismisses Carillion comparison Ravender Sembhy Outsourcing giant Capita is to tap investors for £701m (€799m) and embark on a new strategy after booking a hefty annual loss.
[#-- 9_MPU / MPU_Content_Map_Seg1and2 --][#contentmap id='bd2b5212-ea28-428a-be6f-a8f8576b7fa7'/]
 
 
Irish Business
 
National grid operator Eir-Grid recently announced that Ireland’s power system was the first in the world capable of delivering 65pc of all electricity from variable sources, including wind. Stock image Korean firms back €150m renewable energy project here Paul Melia Irish company Lumcloon Energy is to invest €150m in two battery storage technology centres in the Midlands that will boost use of renewable energy and reduce dependence on fossil fuel-fired power plants.
Alan Walsh, CEO IPL to hold shareholder vote on corporate restructure Gretchen Friemann IPL Plastics, the plastics company formerly known as One51, will hold a shareholder vote on May 17 to approve a corporate restructure aimed at paving the way for a listing on the Toronto stock exchange in late June.
Stock image Week 17: All eyes on AIB in busy week of AGMs Ellie Donnelly All eyes will be on AIB on Wednesday when the bank holds its AGM.
L-R DWF Dublin Partners, Louis Burke, Banking Partner, Nina Gaston, Litigation Partner, Michael Neary, Head of Real Estate, Lorna McAuliffe, Commercial Litigation Partner, Ross Little, Executive Partner, Eimear Collins, Litigation Partner, Garrett Monaghan, Corporate Partner DWF's growth shows legal firm's 'long-term commitment to Irish market' Louise Kelly DWF's Dublin office has grown its client base by 50pc over the last twelve months, reporting an increase of more than 120pc in turnover.
 
 
World Business
 
Outsourcing giant Capita to raise £701m as CEO dismisses Carillion comparison Ravender Sembhy Outsourcing giant Capita is to tap investors for £701m (€799m) and embark on a new strategy after booking a hefty annual loss.
World Bank President Jim Yong Kim speaks at a news conference ahead of the spring meeting of the IMF and World Bank in Washington, U.S. REUTERS/Aaron P. Bernstein World Bank seals $13bn cash boost Andrew Mayeda The World Bank won support from its member countries for a $13bn (€10.6bn) capital increase, with the US dropping its objection as the lender imposes measures that would potentially reduce loans to China.
Stock photo: AFP/Getty Images Share watch: Brexit problems could clip the wings of Airbus John Lynch If someone really wants to be amazed by the dramatic developments that have changed the world in the last century, it is only necessary to look upwards.
Greek PM Alexis Tsipras Photo: Reuters Greece looking for 'clean exit' as PM promises no return to 'the spendthrift days' Independent.ie Business Desk Greece will exit its bailout programme without requesting a precautionary credit line, Prime Minister Alexis Tsipras said on Monday.
 
 
Technology
 
Facebook Facebook insists it does not sell users' data to advertisers in latest blog post Martyn Landi Facebook has reiterated that it does not sell data from its users to advertisers.
Stephen O’Boyle Just 5pc of European firms are fully prepared for GDPR - BSI Group report Louise Kelly Just 5pc of European companies are fully prepared for the General Data Protection Regulation (GDPR), according to recent research from business standards experts.
 
 
Farming
 
The Irish Rare Breeds Conference takes place on May 24-26 in Mayo. How the latest science is keeping some of Ireland's oldest and rarest breeds alive Conor Kane It’s almost nine years now since Mayo farmer Seán Carolan read an article by English historian Ray Werner who claimed that Ireland has a native, primitive breed of goat.
Department 'confident' of getting derogation on three-crop rule Margaret Donnelly The Department of Agriculture has said it is 'confident' of gaining a derogation for Irish farmers on the three-crop rule, in light of the difficult weather in recent months.
The cottage on 12ac is located 15km north of Castlebar and has fine views of Nephin Mountain Video: See inside this stunning lakeside Mayo farm guided at €650,000 Jim O'Brien Levally Cottage on 12.8ac is a beautifully renovated cottage on the shores of Levally Lake, Bofeenaun at the heart of Co Mayo. With the majestic Nephin mountain as a backdrop the house and lands are for sale by private treaty with a guide price of €650,000.
(stock photo) Father (70s) dies after incident involving tractor and trailer FarmIreland Team A farmer in his 70s died this weekend, after an incident involving a tractor and trailer in Co. Cavan.
 
 
Small Business
 
(Stock photo) Irish medtech startup secures €1.5m to develop child-friendly kidney reflux test Louise Kelly An Irish startup has created a solution to help reduce suffering for children during kidney reflux diagnosis.
Pallas Foods is the first in Ireland and one of the first internationally to receive the NSAI FSSC 220000 scheme which is a specific certification scheme for businesses involved in the storage and transport of foods Pallas Foods becomes first Irish company to be awarded the highest level of food safety certification Ellie Donnelly Pallas Foods has become the first Irish company and the second in Europe to be awarded the highest level of food safety certification, the FSSC 22000.
 
 
Personal Finance
 
Ireland is ahead of only Italy, Spain, and Portugal in terms of having the lowest levels of housing output in the EU. Stock Image: Bloomberg Irish housing output among lowest in the EU – report Ellie Donnelly Housing output in Ireland is among the lowest in Europe, according to the latest ‘Building Energy Rating (BER) Housing Tracker’ from Goodbody.
 
 
Commercial Property
 
An aerial view of the 3.74-acre site on Church Road in Killiney, Co Dublin Killiney site with scope for 150 'high end' apartments for €9m Ronald Quinlan, Commercial Property Editor Agent Knight Frank is guiding a price of €9m (exclusive) for a substantial residential development in Killiney, south county Dublin.
Ballymore Group senior executives Linda Mulryan, Robert Mulryan, and John Mulryan, group MD, at the Property Week Awards Ballymore Group scores hat-trick in Dublin and London docklands Ronald Quinlan Developer Sean Mulryan's Ballymore Group enjoyed something of a hat-trick last week here at home and in the UK.
Hong Kong’s property prices have tripled since 1999 Hong Kong home owners in minority for the first time Eric Lam For the first time in almost two decades, home owners are in the minority in Hong Kong, underlining the city's status as the world's least affordable property market.
Unit 217 occupies a prominent position on the second floor of Eyre Square Shopping Centre (pictured). Photo: Declan Monaghan Eyre Square Shopping Centre unit for €1.6m Ronald Quinlan Sarah Winters of agent TWM is quoting a price in excess of €1.6m for Unit 217 at Eyre Square Shopping Centre in Galway.
 
 
Media
 
Tracey Kelliher, Listowel, Miriam O’Callaghan and Katie Hannon, RTÉ, and Jackie Kelliher
from Listowel. Photo By Domnick Walsh Women in the media celebrate a century of progress Sinead Kelleher The progress made by women over the past 100 years since Irish women got the vote in 1918 was one of the topics of discussion at this year's Women in Media Conference in Ballybunion over the weekend.
 
 
INM
Follow us on
Facebook Twiiter Google Plus
Get more independent.ie/newsletters
Digital Newspaper >>
ABOUT THIS EMAIL
This email is from [site_name] part of Independent News & Media PLC.
You received this email because you have signed up for the [site_name] [newsletter_name] Newsletter.
To unsubscribe from the [newsletter_name] Newsletter, please click here.
Copyright - 2018 INM.ie, | 27 - 32 Talbot St, Dublin 1, Ireland | Company number 2936
All Rights Reserved