Sales at B&Q owner hit £3.2bn in three months on the back of good weather
Sales at B&Q owner Kingfisher increased 1.6pc to £3.2bn (€3.6bn) on a like-for-like basis in the three months to 31 July.
Ellie Donnelly
Fexco grows share of London FX market with £10m swoop
Fintech company Fexco has acquired London-based Thomas Exchange Global (TEG).
British real estate firm to invest €1bn in projects here
A British property firm with €1bn to invest in build-to-rent and student accommodation has become the latest institutional investor to set up here.
Profits at construction giant Balfour Beatty quadruple in six months
Profits at construction giant Balfour Beatty quadrupled in the six months to 29 June.
Real estate investment firm opens Dublin office with €1bn to spend on housing
Round Hill Capital has opened a new office in Dublin, having appointed John Vaudin as its managing director for Ireland.
Origin Enterprises completes Brazilian acquisition
Argi-Services firm Origin Enterprises has completed the acquisition of a 65pc stake in Brazilian based speciality nutrition and crop inputs business, Fortgreen Commercial Agricola.
Recruitment firm to create 50 jobs in Kerry
Recruitment firm Sigmar is to create 50 jobs at its new European Talent Hub in Tralee.
Brexit negotiations face crunch issues
Brexit negotiations between the UK and the EU are due to reconvene on Thursday in Brussels.
Lynk recruiting drivers as growth accelerates
Irish taxi app Lynk is looking to recruit as many as 250 taxi drivers in the greater Dublin area.
Lynk taxi looking to recruit 250 drivers
Irish taxi app Lynk is looking to recruit as many as 250 taxi drivers in the Greater Dublin Area.
Maarten Schuurman appointed managing director at Heineken Ireland
Maarten Schuurman has been appointed managing director at Heineken Ireland, effective from the beginning of next month.
Earnings fall at Glanbia, despite increase in revenue
Earnings before interest, tax and amortisation at Glanbia fell by 7.3pc year-on-year in constant currency to €123.7m in the six months to June 30.
Revenue increases at Kerry, but currency headwinds impact results
Revenue at Kerry Group rose 1.4pc year-on-year to €3.2bn in the six months to June 30.
KBC Bank Ireland sells loan portfolio of €1.9bn as net profit falls by a third
KBC Bank Ireland has sold a loan portfolio of approximately €1.9bn to Goldman Sachs.
Leading supermarket to introduce electric car charging points
Lidl is to introduce electric car charging points at its new stores and across major store refurbishment projects.
The Daily Digest
Fexco acquires London’s largest specialist foreign exchange business for £10m
Kerry-based fintech company Fexco has acquired London’s leading retail foreign exchange company Thomas Exchange Global (TEG).
Digital advertising spend outstrips TV in US as UK print revives
Spend on digital advertising has overtaken that of television in the United States for the first time.
Agri-services firm Origin in €40m Brazilian deal
Argi-Services firm Origin Enterprises has completed the acquisition of a 65pc stake in Brazilian-based Fortgreen Commercial Agricola.
Woodie's DIY owner raises €160m in US private placement
Grafton Group has raised €160m through the issue of unsecured senior notes in the US private placement market.
Origin Enterprises completes Brazilian acquisition
Argi-Services firm Origin Enterprises has completed the acquisition of a 65pc stake in Brazilian based speciality nutrition and crop inputs business, Fortgreen Commercial Agricola.
Bank of Ireland's UK boss to retire
Des Crowley, the chief executive of Bank of Ireland's UK arm, is to retire next year.
Card Factory shares slump as it blames weather for profit hit
Shares in Card Factory fell by almost 10pc in trading on the London Stock Exchange yesterday after the greeting cards retailer cut its profit forecast.
Land transaction values soar amid housing crisis
Growth in the residential market has contributed to a 59pc increase in the value of development land transactions in the past year across the Greater Dublin Area (GDA), Cork, Galway and Limerick, according to new figures.
Irish family buys Poundworld UK
An Irish family with over 40 years’ experience in the low-cost retail business has agreed in principle to buy Poundworld UK.
Earnings down at Glanbia, while Kerry reports revenue increase
Revenue at Kerry Group rose 1.4pc year-on-year to €3.2bn in the six months to June 30, while half year results from Glanbia showed total group profit to be down €16.7m.
UDG Healthcare announces sale of Aquilant division for €23m
Dublin-based UDG Heathcare has sold its Aquilant division for a potential consideration of up to €23m.
Revenue and earnings increase at Paddy Power Betfair
Gambling giant Paddy Power Betfair saw its revenue increase 7pc year-on-year in constant currency to £867m (€966m) in the six months to June 30.
Petroneft begins to drill well in Russia
Irish oil and gas explorer Petroneft has commenced drilling of the C-4 well at Cheremshanskoye in Russia.
Google tops the list for brand health as people 'unlike' Facebook
Internet giant Google has come out top in YouGov's latest Global Brand Health Rankings.
Dublin-listed oil company commences drilling of well in Russia
Irish oil and gas explorer PetroNeft has commenced drilling of the C-4 well at Cheremshanskoye in Russia.
In Pictures: Well known family owned hotel gets €3m refurbishment
A well known family owned hotel is investing more than €3m in a redesign and refurbishment.
Food sector fears Brexit bottlenecks trade threat
Disruption to supply chains is one of the biggest risks facing the Irish food and drink industry, according to a new report from Bord Bia.
Profits jump at leading North poultry firm
Northern Ireland's biggest companies have seen their profits increase by almost 80pc in 12 months.
Food sector fears Brexit bottlenecks trade threat
Disruption to supply chains is one of the biggest risks facing the Irish food and drink industry, according to a new report from Bord Bia.
Markets down on trade row concerns
World stock markets broadly edged lower yesterday as concerns of a further escalation of a trade fight between the United States and China offset corporate results, while the US dollar gained and Treasury yields dipped on the uncertainty.
Aloft to build first Irish hotel in revamped Liberties area
Ireland's first Aloft Hotel will open in the Blackpitts area of Dublin's Liberties this November.
Norwegian passenger numbers soar to record for July
Scandinavian airline Norwegian has reported record passenger numbers for July.
Profits jump 80pc at North's biggest firms
Northern Ireland's biggest companies have seen their profits increase by almost 80pc in 12 months.
Samsung to unveil its 'Note 9' phone
Paddy Power Betfair will publish interim results on Wednesday. Of particular interest to investors will be the impact, if any, of the fixed odds betting terminal regulation introduced in the UK earlier this year, and guidance around the potential of a liberalising US market.
Services growth slows to a four-month low
Growth in the services sector slowed to a four-month low in July, according to the latest Services Purchasers Managers Index from specialist bank Investec.
Irish Stock Exchange gives boost to Euronext
Paris-based Euronext, which took over the Irish Stock Exchange earlier this year, has reported a 14.6pc increase in revenue to €157.3m in the three months to June 30.
Paddy Power continues US drive with deal
FanDuel, a subsidiary of Paddy Power Betfair, has entered an agreement with Boyd Gaming to co-operate in the US sport betting and online casino markets.
Revenue at Keywords Studios jumps 72pc
Irish video-game company Keywords Studios has reported a 72pc increase in its revenues to €110m in the six months to 30 June.
Paddy Power continues US expansion with co-operation agreement
FanDuel, a subsidiary of Paddy Power Betfair, has entered an agreement with Boyd Gaming to co-operate in the US sport betting and online casino markets.
Increasing rental income sees profits at Ireland's biggest private landlord more than double
Profits at Ireland's biggest private landlord, I-RES Reit, more than doubled to €69.5m in the six months to 30 June.
IAG sees its profit rise on higher ticket prices
Higher ticket prices and lower costs helped Aer Lingus-owner IAG to post a 6pc rise in quarterly profit and keep it on track for full-year growth.
Growth in the services sector slows to a four month low – Investec report
Growth in the services sector has slowed to a four month low according to the latest Services Purchasers Managers Index (PMI) from specialist bank Investec.
Operating profit jumps by €88m at Ulster Bank
Operating profit at Ulster Bank has jumped to €100m in the six months to 30 June.
ISE owner reports 'solid' performance driven by consolidation of Euronext Dublin
Paris-based Euronext, which took over the Irish Stock Exchange earlier this year, has reported a 14.6pc increase in revenue to €157.3m in the three months to 30 June.
Aviva chief warns 'lessons must be learned' as profits rise to €57m
The CEO of Aviva Ireland has warned that lessons must be learnt from the recent past in order to create "a sustainable, competitive trading landscape" in the insurance market.
CRH completes phase one of share buyback
Shares in CRH were down 1.2pc in trading on the Irish Stock Exchange yesterday after the company announced that it had completed phase one of its share buyback programme.
Services sector tops lists of insolvencies
The construction sector accounted for one in five insolvencies in Ireland in the six months to June 30.
Apple is now first $1 trillion company in world
Apple has overtaken its own status as the world's most valuable company, as a share price rise pushed its market valuation to $1 trillion.
Earnings at Three Ireland surge 22pc
Three Ireland has seen its earnings before interest, tax and depreciation surge by 22pc to €94m in the six months to June 2018.
CRH completes phase one of share buyback programme
CRH, Ireland’s biggest company, has completed phase one of its share buyback programme returning €350m in cash to shareholders.
Applegreen acquires majority stake in UK motorway service area operator
Petrol station business Applegreen is to acquire a majority stake in UK motorway service area operator Welcome Break for €362m .
Profit at Aviva hits €57m in six months
Operating profit at the Irish arm of Aviva rose 11pc to €57m in the six months to June 30.
US tariffs push up manufacturing costs as fears of trade war escalate
US tariffs are already starting to contribute to higher costs for a number of Irish manufacturers.
Record period for IE Domain
IE Domain Registry, the company that manages and maintains Ireland's country domain, .ie, has reported its best-ever six-month period for new registrations.
US tariffs hit Irish manufactures as output continues at a brisk pace
US tariffs have started to contribute to higher input costs for a number of Irish manufacturers.
Revenue at Smurfit Kappa up 5pc to €4.4bn in six months
Revenue at Smurfit Kappa is up 5pc to €4.4bn in the six months to June 30.
Profit before tax jumps to €18m at FBD
Insurance firm FBD has reported a profit before tax of €18m in the six months to 30 June.
Total Produce's Dole bid approved
The European Commission has cleared Total Produce's €260m purchase of a stake in US rival Dole.
Glenveagh spends €65m on Dublin site
Listed housebuilder Glenveagh Properties has purchased land capable of delivering more than 1,250 homes in Dublin.
PE firm buys 40pc of Global Shares
Motive Partners, a US fintech private equity firm, has taken a 40pc stake in Global Shares.
Permanent TSB to sell non-performing loans to Lone Star affiliate
Permanent TSB has agreed to sell its non-performing loan portfolio, "project Glas", to the retail credit firm Start Mortgages, an affiliate of Lone Star Funds.
Greencore reports revenue of €717m in three months
Greencore, the Dublin-based food group and the world's largest sandwich maker, has reported a 0.5pc increase in revenue to £639.6m (€717m) in the three months to 29 June.
AIB phone and internet customers in line for refund after bank error
Around 85,000 AIB phone and internet banking customers are in line for a refund, having been impacted by a bank error in their loan top-up calculation, according to a report from Newstalk.
Bank of Ireland strengthen new business origination team
Maeve Cotter has been appointed senior manager on Bank of Ireland’s corporate banking new business origination team.
European Commission clears Total Produce investment in Dole
The European Commission has cleared Total Produce's €260m purchase of a stake in US rival Dole.
Origin Enterprises appoints head of investor relations and group planning
Agri-services firm Origin Enterprises has appointed Brendan Corcoran to the role of head of investor relations and group planning.
Greencore reports revenue of €717m in three months
Greencore, the Dublin-based food group and the world's largest sandwich maker, has reported a 0.5pc increase in revenue to £639.6m (€717m) in the three months to 29 June.
Glenveagh buys land capable of delivering over 1,200 homes
Listed housebuilder Glenveagh Properties has purchased land capable of delivering over 1,250 homes, subject to planning permission, for a price in excess of €65m.
US and pre-Brexit UK dominate the footprint of global Irish firms
Ireland's home-produced multinationals - including the likes of CRH, Kerry and Ryanair - generated in excess of €192bn of sales abroad in 2016. The US and UK accounted for almost 58pc of the turnover.
US data firm to hire 30 for first office here
DataStax, a US-based data management IT company, has opened its first office in Ireland.
Shares in Smurfit Jnr's Gan surge on Pennsylvania deal
Shares in Gan were up almost 10pc in trading on the Irish Stock Exchange yesterday after the company announced that it is preparing to launch sports betting in the retail and online channels in Pennsylvania for Greenwood Gaming & Entertainment. Greenwood's third-party sports betting application software provider will now be integrated by Dermot Smurfit Jr's Gan, with the launch expected in the latter half of this year.
Smurfit Jnr’s Gan to offer sports betting in Pennsylvania with leading casino owner
Dermot Smurfit Jr's Gan is preparing to launch sports betting in both the retail and online channels in Pennsylvania for Greenwood Gaming & Entertainment.
DataStax opens first Irish office creating 30 jobs in Cork
DataStax, a US-based data management IT company, is to create 30 jobs in Cork with the opening of its first office in Ireland.
Profit tops €500m in six months at Bank of Ireland
Bank of Ireland has a reported an underlying profit of €500m for the six months to 30 June.
Week 31: Hibernia Reit and FBD CEO in focus
Hibernia Reit's AGM will be closely watched tomorrow, after shareholder advisory firm Glass Lewis opposed planned pay hikes for senior figures.
Avolon places five Airbus aircraft with Cebu Air
Aircraft lessor Avolon has placed five of its Airbus A320neo with Cebu Air.
Permanent TSB’s chief risk officer to step down
Stephen Groarke, Permanent TSB’s chief risk officer, is to leave the bank "in the coming months".
AIB reports half year profit of €762m
AIB has reported a profit before tax of €762m in the six months to 30 June.
Dublin rises three places to 30th in global smart city ranking
Dublin has been ranked as the 30th smartest city in the world, according to the 2018 'IESE Cities in Motion Index'.
Diageo toasts gin and Guinness sales
Shares in Diageo were down 1.32pc in afternoon trading yesterday, despite the drinks giant reporting operating profit of £3.7bn (€4.2bn) in the 12 months to June 30, a 3.7pc increase year-on-year.
Guinness and gin sales help drive profits at Diageo
Operating profit at drinks giant Diageo increased 3.7pc year-on-year to £3.7bn (€4.2bn) in the 12 months to 30 June.
Vodafone Ireland beats group slump as revenues hit €238m
Revenue at Vodafone Ireland increased 1.7pc year-on-year to €238.6m in the three months to June 30.
'We'll improve the business for the next generation' - Meet the family looking after Irish people since 1825
'The centre was open three months before the first patient came in the doors in 1825. In the medical notes, the patient was in for three months and went home well. But in a business context can you imagine you were waiting three months for your first customer?" Highfield Healthcare CEO Stephen Eustace asks.
Autoaddress delivers growth
Autoaddress, which helps its customers to capture and validate addresses quickly and accurately online, has seen its new business grow to €2.3m over the past 18 months.
Vodafone Ireland reports revenue of €239m over three months
Vodafone Ireland has reported a 1.7pc year-on-year increase in revenue to €238.6m in its first quarter of this year.
Strong euro accelerates Irish demand for UK car imports
Irish car dealers increased their spending on vehicles imported from the UK by a fifth in the first half of 2018, when compared with the same period in 2017.
Ryanair warns of potential job cuts for up to 300 Dublin-based employees
Ryanair has today written to over 300 employees warning them that their services may not be required from October 28.
Mortgage lending on track to grow 20pc in 2018
Strong remortgaging and first-time buyer activity suggests that gross mortgage lending is on track to grow 20pc in 2018, according to Dermot O’Leary, chief economist at Goodbody.
Tullow oil in the black as profit after tax tops $55m
Oil producer and explorer Tullow has reported a profit after tax of $55m (€47m) for the six months to 30 June.
Revenue up at Britvic Ireland despite shortage of fizz
Britvic's Irish arm has seen its revenue grow 11pc year-on-year in the three months to July 8.
Warning lack of investment threatens economy in Border counties
Border counties such as Cavan, Donegal, Leitrim, Monaghan and Sligo are at risk of economic decline, according to the latest Vacancy Index from recruitment website Irishjobs.ie .
Planning permission granted for redevelopment of iconic Docklands building
Planning permission has been granted for the redevelopment 30 - 32 Sir John Rogerson’s Quay, Dublin 2.
Greencoat raises €111m in share placing
Renewable infrastructure fund Greencoat has raised €111m in an oversubscribed share placing.
Despite a shortage of fizz Britvic revenue increases 11pc in Ireland
Britvic’s Irish arm has seen its revenue grow 11pc year-on-year in the soft drink company’s third quarter.
Keywords acquisitions top €14m with third deal
Irish video-game company Keywords Studios has acquired Yokozuna Data, a Japanese developer of video games and solutions for game production.
Draper Esprit in £7m med-tech investment
Shares in Dublin and London-listed Draper Esprit were trading up almost 3pc on the Irish Stock Exchange yesterday after it announced its latest investment.
Dundrum owner Hammerson offloads two UK sites
Hammerson, the co-owner of the Dundrum Town Centre, has sold two retail sites in the UK.
Dublin-based Keywords acquires Japanese video game developer
Irish video-gaming company Keywords Studios has acquired Yokozuna Data from Silicon Studio, a Japanese developer of video games and solutions for game production.
Dublin-listed venture capital firm invests £7m in surgical guidance company
Dublin and London listed Draper Esprit has invested £7m (€7.8m) in Endomag, a surgical guidance company that pioneers magnetic sensing equipment, which targets and removes cancer.
Shares in Ryanair slump after profits fall 20pc amid higher fuel and pilot costs
Share in Ryanair fell by almost 5pc in early trading this morning, after profits after tax at the airline fell by 20pc year-on-year to €319m in the three months to 30 June.
Five key things to know about the animation industry in Ireland
Ireland's animation industry has undergone substantial growth in the last decade, now employing between 1,500 – 2,000 people across the country.
Talent excellence, global success and staff shortages...Ireland's female animation leaders on the industry highs and lows
With the animation industry in Ireland experiencing strong growth in Ireland and internationally, four women in the industry discuss the opportunities and challenges facing the sector today.
Irish video-gaming studio closes its latest acquisition in North America
Irish video-gaming company Keywords Studios has acquired Canaday's Snowed In Studios for CAD$4m (€2.6m).
Dublin-based Keywords Studios in new acquisition
Irish video-gaming company Keywords Studios has acquired the Canadian company Snowed In Studios for CAD$4m (€2.6m).
EasyHotel acquires site in prime Dublin location for new hotel
Budget hotel operator EasyHotel has acquired a freehold site for €9m in Dublin city centre.
As trade war steps up, WTO already dealing with hundreds of disputes
The threat of a global trade war is new and the atmosphere around trade is unusually fraught, but disputes between the European Union, the US, China and other big economic players have bubbled below the surface for years.
Amryt CEO hails 'strong' 2018 start
Revenue at Amryt Pharma, which is focused on finding treatments for rare and orphan diseases, was €7m for the first half of the year, a 14pc increase year-on-year.
Irish maritime watchdog referred to EU court
Ireland has been referred to the European Court of Justice over concerns around the independence of its Marine Casualty Investigation Board (MCIB).
Revenue increases as Amryt report 'strong' start to 2018
Amryt Pharma, which is focused on finding treatments for rare and orphan diseases, has reported a "strong" start of the first half of 2018.
CRH sells DIY business for €510m as Moody's warns on emissions
Shares in CRH were up more than 1pc in trading at one stage yesterday after it announced that it had sold a DIY business for €510m.