Ellie Donnelly

Independentie

Monday, 12 April 2021 | 3.6°C Dublin

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Independentie

News [1]
Opinion [2]
Business [3]
Sport [4]
Life [5]
Style [7]
Entertainment [8]
Travel [9]

Menu Sections

Ellie Donnelly

Steady wins the race: Paul Connell, CEO of Pure Telecom, with his 80-year-old tortoise Amy. Photo:Mark Condren

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In Person ‘It took us a year to start making money, but we got good at getting customers and keeping them’

They say necessity is the mother of invention.

Online: Noel Moran and wife Valerie sold their Prepaid Financial Services firm. Photo:Barry Cronin

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Ellie Donnelly Opinion In a world of unicorns there’s also merit in being a tech tortoise

Is tech becoming an old (er) man’s game? The last year has seen grey-haired Irish tech founders preside over paydays for themselves and their investors approaching a staggering €2bn.

Founder: Sean Fitzgerald of Sentenial. Photo: Julien Behal

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Sentenial sale is the payoff for a two-decade bet on SEPA

The €110m sale of Irish payment technology firm Sentenial means a payday for shareholders including former Finance Minister and European Commissioner Charlie McCreevy, who is a director of the company, the late Feargal Quinn’s family, and veteran executive Gary McGann.

Ryanair expects to report a loss of between €800m and €850m

Ryanair reduces loss expectations for 2021

Low-fares airline Ryanair has reduced its loss forecast in respect of the 12 months to March 31 this year.

AIB survey shows services industry now is coping better with lockdown

Ireland's services sector rebounded sharply last month, driven by growth in new business and exports, according to the latest analysis from AIB.

Tullow has started drilling in offshore Ghana

Tullow Oil starts drilling in offshore Ghana

Irish-founded Tullow Oil commenced its multi-well drilling campaign in offshore Ghana yesterday with the start of drilling of the first well at the Jubilee Field.

Kevin Maughan, CEO of UrbanVolt, says the panels will save money and reduce carbon footprint for firms

UrbanVolt moves into solar energy after €7m fundraising

Clean energy company UrbanVolt is to begin supplying solar-generated electricity directly to businesses.

Rónán Dervan runs his family’s shop, Dervan Fashions, which has been in business for 85 years in Loughrea with his father Ger and mother Mary. Photo: Ray Ryan

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Retailers warn of struggle to survive as return of click-and-collect delayed

The delay of the resumption of ‘click-and-collect’ shopping until next month at the earliest has temporarily destroyed a lifeline for retailers who had been hoping for some relief after coping with 12 months of pandemic restrictions.

In the survey, nine in 10 customers said they want firms to protect their data without ever having to ask. Photo: Andrey Popov

Companies’ use of consumer details a concern for Irish people – report

Two in five customers say they consider it unsettling when a company appears to know what they want before they know it themselves.

Ready for take-off: Lee Roche, chief executive of Smart Scooters

Smart Scooters to create 20 jobs following investment

Smart Scooters, an Irish e-scooter sharing platform, is creating 20 new jobs following a six-figure investment in its Dublin-based operation.

Greencoat Renewables buys Tipperary wind farm

Renewable energy investor Greencoat Renewables has purchased Glencarbry wind farm in county Tipperary from John Laing Group.

Manufacturing rebounds in March from weak start

Ireland’s manufacturing sector rebounded in March as output, new orders and exports all rose for the first time since the end of last year.

Oliver Loomes is leaving after working for Diageo for 21 years and will be replaced by Barry O’Sullivan as MD Ireland. Photo: Frank Mc Grath

Oliver Loomes steps down as MD of Diageo Ireland

Oliver Loomes is stepping down as managing director of Diageo Ireland.

The news was welcomed by IDA Ireland CEO Martin Shanahan

Hewlett Packard Enterprise to create 150 jobs in Ireland

US multinational Hewlett Packard Enterprise says it plans to create 150 jobs in Ireland over the next two years.

Jobs in retail are seen as vulnerable to technological change

Two in five employees fear job will become obsolete, a report says

Two in five employees believe their jobs will be superseded within the next five years, according to a new report for professional services group PwC.

Top job: CEO Tony Smurfit’s pay package included shares to the value of €2.1m. Photo: Jason Clarke

Smurfit Kappa CEO sees salary jump 43pc as firm seeks to change pay policy

The CEO of Smurfit Kappa, Tony Smurfit, saw his remuneration jump 43pc last year to €5.2m.

Operations: Michael Carvill, MD of Kenmare Resources. Photo: Steve Humphreys

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Mozambique insurgency won’t affect mining operations, says Kenmare

Mining group Kenmare Resources says it does not expect to be commercially affected by fighting which has broken out in the northern Mozambique town of Palma.

Online shopping surges again amid harsh lockdown for retail stores

ONLINE sales rose for the second successive month in February and hit their highest level since May 2020 as physical shops were locked down after Christmas, according to the Central Statistics Office (CSO).

Losses continue at John Teeling’s Botswana Diamonds

John Teeling’s Botswana Diamonds has reported an operating loss of £195,000 (€227,900) for the six months ended December 2020.

Open Orphan subsidiary signs €8.7m human challenge study contract

A subsidiary of Dublin-listed Open Orphan has entered into a contract with a biotechnology company to run a human viral challenge study for a respiratory syncytial virus (RSV) treatment.

Irish Ferries announces faster service between Ireland and the UK

Irish Ferries operator Irish Continental Group (ICG) has announced plans to introduce a new ship on its Rosslare – Pembroke route. The ship, ‘Blue Star 1’, will be the fastest roll-on-roll-off passenger vessel between Ireland and the UK.

Peter Brady, Aon’s CEO for Commercial Risk & Health Solutions in Ireland

Younger staff could return to office first, report says

Businesses should prioritise the return of younger people to the office as well as staff who have been most affected by the pandemic, according to a report undertaken for employers.

Premium

Ellie Donnelly Opinion The end of the office? Don’t count on it just yet

As companies line up to announce their plans to offer increased remote working on a permanent basis, one could be forgiven for thinking the future of our offices is bleak.

Keywords Studios sees revenues and earnings increase on the back of acquisitions

Irish company Keywords Studios, a service provider to the video game industry, has reported an increase in revenue and earnings for last year.

Michael Carvill, managing director of Kenmare Resources (Photo: Steve Humphries)

Revenue and profits fall at Kenmare, but dividends increase

Kenmare Resources has reported a fall in revenue and profits last year, nonetheless, the company has increased its final dividend for the year by 22pc.

New role: Jim Mintern has over 30 years of experience in the building materials industry.

CRH insider Mintern wins race for €3.5m finance chief job

CRH has named insider Jim Mintern to take over as CFO, one of the best-paid jobs in corporate Ireland.

State-backed Malin sees value of investments increase

State-backed life sciences investment firm Malin has said the fair value estimate of its investee companies increases to €412m at 31 December 2020, from €365.8m at the end of 2019.

Kingspan in €253m purchase of Danish pipes group Logstor

Insulation giant Kingspan is to buy Logstor, a global supplier and manufacturer of pre-insulated pipe systems, for around €253m.

Reit: Yew Grove CEO Jonathan Laredo says rent rolls hit €11.3m in January

Yew Grove aims to add €100m to its asset portfolio this year

Stock market-listed property investor Yew Grove Reit hopes to spend more than €100m on commercial property acquisitions in Ireland this year.

Deliveroo has commenced its IPO. Photo: Hollie Adams/Bloomberg

Deliveroo set for initial share offering that could value it at up to €10bn

TAKEAWAY food delivery platform Deliveroo is set to raise as much as £1.77bn (€2.1bn) in an initial public offering (IPO), the largest this year in London, that could value it at up to €10bn.

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