Deliveroo launches food buying service for restaurants
Deliveroo has expanded its services for restaurants by launching a new platform for buying ingredients.
Ellie Donnelly
Slam dunk: Orreco nets multi-year deal with the NBPA
Galway-based Orreco has signed a multi-year exclusive agreement with the USA's National Basketball Players Association (NBPA).
Out of fashion: Influencer appeal fades
Fewer than one in five Irish people would be likely to engage with a brand's content if it included influencers or celebrities, according to a survey from social media marketing and analytics group...
Less than 20pc of people encouraged to engage with brand content using celebrities
Fewer than one in five Irish people say they would be encouraged to engage with a brand’s content if it included influencers or celebrities, according...
Galway firm scores deal with the USA’s basketball players association
Galway-based Orreco has signed a multi-year exclusive agreement with the USA’s National Basketball Players Association (NBPA).
'Major milestone' as Uniphar begins trading on Euronext Dublin
The CEO of Irish pharmaceuticals group Uniphar has described the commencement of the group’s trading on Euronext Dublin as a "major milestone" in its 50 year history.
Sales up at Mr Kipling owner, but Brexit impacts Irish performance
Mr Kipling owner Premier Foods has seen its sales rise 1.1pc in the three months to 29 June.
Court date set in bid to secure INM takeover
The date for a court hearing on the proposed €145.6m takeover of Independent News & Media (INM) by Belgium- headquartered Mediahuis has been confirmed by the publishing group.
Ryanair to close some bases due to shortfall in Boeing deliveries
Ryanair has threatened to close and cut some of its bases from November this year, as it said delays in receiving its order of Boeing 737 MAX aircraft would hit growth rates.
Date set for court hearing on INM takeover
A court hearing date on the proposed takeover of Independent News & Media (INM) by Belgium-headquartered Mediahuis has been set.
Providence again extends Chinese funding deadline
Irish oil and gas explorer Providence Resources has again extended the deadline for receiving $10m (€8.9m) from its Chinese backer APEC.
Productivity at Irish SMEs 'stagnant' - OECD warning
Indigenous companies can play a bigger role in Ireland's economy but they need to boost productivity to the levels seen at multinationals, according to OECD deputy secretary general...
Uniphar raises €150m in IPO amid acquisition drive
Irish pharmaceuticals group Uniphar has raised €150m in its initial public offering (IPO) on the Dublin and London stock exchanges.
Indigenous companies need to play a bigger role in Ireland – OECD
Indigenous companies need to play a bigger role here, according to OECD deputy secretary general Ulrik Vestergaard.
Government announce €3m funds to help small businesses
The Government has announced two funds worth a combined €3m to help small and medium businesses (SMEs) improve productivity.
The Daily Digest
Ryanair's Bellew to join easyJet as chief operating officer
Ryanair executive Peter Bellew, who last week announced he was stepping down from the airline, is joining rival easyJet as its chief operating officer.
Toast expands Irish office as it targets restaurant technology
Toast, a tech company focused on the restaurant industry, is to create 120 new jobs in Dublin.
ESB names Sinnott as co-sec
Marie Sinnott has been appointed as the company secretary of ESB.
Tetrarch Capital sells 84 apartments for social housing
Real estate investment company Tetrarch Capital is selling 84 homes at the Westpark Apartments in Citywest to Clúid, Ireland’s largest approved housing body (AHB).
Tech company Toast cheers the creation of 120 jobs
Toast, a tech company concentrated on the restaurant industry, is to create 120 new jobs in Dublin.
Providence pushes deadline for Chinese funds again
Irish oil and gas explorer Providence Resources has extended the deadline for receiving $10m (€8.9m) from its Chinese backer APEC to July 19.
Ardagh's food packaging tie up will be used to slash debt
Global packaging giant Ardagh is to combine its food and speciality metal packaging business with Exal Corporation to create a new joint venture called Trivium Packaging.
Conroy raises €250,000 after gold find
Mining group Conroy Gold has raised €250,000 through the issue of an unsecured convertible loan note.
Conroy Gold raises €250,000 from shareholder
Mining group Conroy Gold has raised €250,000 through the issue of an unsecured convertible loan note.
Ardagh to combine food and metal packaging business with US firm
Global packaging giant Ardagh, which has its roots in Irish Glass, is to combine its food and speciality metal packaging business with Exal Corporation.
Irish company Uniphar raises €150m from IPO
Irish pharmaceuticals group Uniphar has raised €150m in its Initial Public Offering (IPO) on the Dublin and London stock exchanges.
Cairn Homes finance director to step down
Tim Kenny is stepping down from his role as finance director with listed housebuilder Cairn Homes.
DCC trading 'in line with expectations'
DCC, the services support giant whose activities span heating oil to electronics distribution, has reiterated its full year guidance for another year of profit growth and development.
Providence forced to extend Chinese funding deadline
Shares in Providence Resources were down more than 10pc yesterday after it once again extended a deadline to receive $10m (€8.9m) from Chinese backer APEC.
Recruiter CPL aims to beat profit expectations
Recruitment group CPL Resources expects its profit before tax for the year to come in "ahead of market expectations".
Miner Kenmare 'remains on track' despite dip in quarterly production
Irish-owned titanium miner Kenmare Resources has said it remains on track to achieve its 2019 guidance, despite a fall in production.
Builder Abbey faces 'uncertain' outlook as profits drop
Shares in the stock market-listed homebuilder Abbey were down more than 2pc yesterday, after the group warned of an "uncertain" outlook.
Profit falls at Abbey amid 'uncertain' outlook
Pre-tax profits at stock market-listed homebuilder Abbey fell to €53m in the 12 months to 30 April, from €58.6m the previous year.
CPL Resources expects profit to be ahead of expectations
Recruitment group CPL Resources expects its profit before tax for the full year to be "ahead of market expectations."
Providence further extends deadline for €9m funding advance
Providence Resources has extended its deadline to receive a $10m (€8.9m) funding advance from Chinese backer APEC.
Production decreases at Kenmare, but company 'on track' to deliver 2019 guidance
Kenmare Resources reported a 27pc decrease in Heavy Mineral Concentrate ("HMC") production year-on-year to 274,700 tonnes in the three months to 30 June.
Grafton cautious as weaker UK demand hits revenue growth
Grafton Group saw its revenue growth fall in the UK during May and June, as the firm was impacted by weaker demand in the DIY and housebuilding markets.
Irish Exports Association 'extremely concerned' as pound set for tenth consecutive week of losses against the euro
Against the Euro, the pound was on track for a 10th consecutive week of losses on Wednesday. At one point it was 90 pence to one Euro.
Woodies DIY owner impacted by 'weaker' demand in the UK
Grafton Group saw its revenue growth fall in the UK during May and June, as the group was impacted by weaker demand in the DIY and house building markets.
Glantus founder to reveal business insights at NCI
Irish tech sector veteran Maurice Healy is the guest tomorrow at the National College of Ireland's (NCI) new Partners in Business lunchtime summer series of public interviews, presented in association with the Irish Independent.
Partners in Business: Irish tech sector veteran Maurice Healy
Irish tech sector veteran Maurice Healy is the guest this Thursday July 11th in the National College of Ireland’s (NCI) new Partners in Business lunchtime summer series of public interviews, presented in association with the Irish Independent.
Providence shares jump after Chinese payment
Shares in Providence Resources rose almost 8pc yesterday, following confirmation that the $10m (€8.9m) due from Chinese backer APEC Energy Enterprise has been transferred.
Irish drivers spending more on UK import cars
Spending by Irish motorists on UK cars imports jumped in the first half of the year on the back of a weaker sterling.
Motorists spending on UK car imports more than doubles
Spending by Irish motorists on UK car imports more than doubled in the first half of this year on the back of a strong Euro.
Providence Resources backer transfers €8.9m loan
Providence Resources has been notified by HSBC bank that the $10m (€8.9m) due from Chinese backer APEC Energy Enterprises has been transferred.
Irish arm of Wells Fargo fined €5.8m
The Central Bank has fined US lender Wells Fargo's Irish unit €5.8m for "serious failings" in relation to its regulatory reporting and compliance.
8 out of 10 chartered accountants got pay hike
Eight out of 10 accountants received a "significant" pay hike in the past three years, and average pay for a chartered accountant in Leinster grew 3.1pc to €112,580 last year, according to a survey from the Chartered Accountants Leinster Society.
Central Bank fines Wells Fargo €5.8m for reporting breaches
The Central Bank has fined a subsidiary of US financial services firm Wells Fargo €5.8m for “serious failings” in relation to its regulatory reporting and compliance.
Good number crunching: salaries for chartered accountants increase
The average salary package for a chartered accountant in Leinster grew 3.1pc to €112,580 last year, according to a survey from the Chartered Accountants Leinster Society.
Mortgage approvals jump 10pc in May
The number of mortgages granted jumped 10pc year-on-year in May, with 4,926 people getting approval.
Fexco joins credit unions in €10m collaboration
Financial services group Fexco and 16 of Ireland's bigger credit unions have embarked on a €10m collaboration.
Most companies will be exempt from reporting gender pay gap
Most companies in Ireland will be exempt from having to report differences in average pay between their male and female staff, even after new gender pay gap rules come into force.
Majority of expats see life quality improve in Ireland
Two in three overseas workers posted to Ireland by their employers have seen their quality of life improve since moving here, according to the 12th annual expat survey by HSBC Bank.
Two in three expats see quality of life improve since moving here
Two in three expats in Ireland have seen their quality of life improve since relocating here, according to the 12th annual league table by HSBC Expat.
Fexco and 16 leading credit unions embark on €10m joint venture
Kerry-based financial services group Fexco and 16 of Ireland’s largest credit unions have embarked on a €10m collaboration.
Bulmers owner to cancel Irish listing
C&C, whose brands include Bulmers cider and Five Lamps, is to cancel its listing and trading on Euronext Dublin to facilitate inclusion in the FTSE UK Index Series.
Two thirds of small businesses plan to boost employee numbers and wages
More than two thirds of small firms plan to take on employees and increase wages over the next 12 months.
Services industry buoyed by export demand
Activity in the services sector increased last month, in contrast to manufacturing where productivity fell to a six-year low.
Paddy Power in bookies' drive to give problem gamblers help
Five of the biggest betting companies in the UK - including Paddy Power - have committed to a series of measures addressing problem gambling, such as a major increase in funding for addiction.
Retails of the city - Portfolio goes on market for €11.75m
A portfolio of Dublin retail premises, with potential to convert some of the property into residential units, is going on the market for a guide price of €11.75m.
Irish sports data firm signs deal with NBA team
Galway-based Orreco has signed a multi-year agreement with the Atlanta Hawks, a United States NBA basketball team.
Ireland at full employment as jobless rate unchanged
THE country is at full employment as just 4.5pc of the workforce are out of work.
Grafton completes Polvo acquisition
Grafton Group has completed the acquisition of Dutch business Polvo for €131m on a debt-free and cash-free basis.
Energia to invest €3bn in Irish renewable energy resources
Irish power firm Viridian, which trades as Energia, is to invest €3bn in renewable energy over the next five years, in a move that will create 200 direct jobs.
Retail yields slip but beauty helps pick up fashion slack for landlords
Ireland's commercial landlords have seen a yields soften over recent months, in line with the trend being experienced in other European markets, according to a report from commercial property specialist CBRE.
Energia to invest €3bn in renewable energy sector
Energia is investing €3bn in Irish renewable energy over the next five years, creating 200 direct jobs in the process.
Demand for retail premises 'robust' as it pays to be healthy
Demand for retail premises in Ireland is "robust" on the back of growth in the health and wellbeing and beauty and leisure sectors, according to the latest report from commercial property specialist CBRE.
BoI sells UK credit cards arm
Bank of Ireland is selling its UK credit cards business for £530m (€591m) to British fintech firm Jaja Finance.
Providence threatens to sue Government over Climate Action Bill
Irish oil and gas explorer Providence Resources has threatened legal action against the Government if the Climate Action Bill is passed.
Druid's Glen hotel and golf resort sold for €45m
The five-star Druid's Glen hotel and golf resort has been sold to the Neville Hotel Group in a deal worth €45m.
Bank of Ireland to sell UK credit cards business for €591m
Bank of Ireland has agreed to sell its UK credit cards business for £530m (€591m).
Losses decline at Providence as it plans to 're-engineer business model'
Irish oil and gas explorer Providence Resources has reported a loss of €4.8m in respect of 2018.
B&Q owner appoints new CEO
B&Q owner Kingfisher has appointed Thierry Garnier as its chief executive.
Yield Lab puts up €500,000 to boost agtech startups
AgTech specialist Yield Lab Europe has opened for applications for its 2019 accelerator programme.
Shares in Tullow Oil on the rise after update
Shares in Tullow Oil were up 4pc yesterday on news that it expects to report gross profits of around $500m (€439m) for the first half of 2019.
Central Bank hits JP Morgan Administration Services with €1.6m fine over rule breaches
The Central Bank of Ireland (CBI) has fined JP Morgan Administration Services €1.6m for regulatory breaches relating to the outsourcing of fund administration activities.
More than 600,000 people living in poor housing conditions – report
More than 600,000 people are living in poor housing conditions with leaks, damp or rot, according to a report from Engineers Ireland.
Central Bank hits JP Morgan Administration Services with €1.6m fine
The Central Bank has fined JP Morgan Administration Services €1.6m for regulatory breaches relating to the outsourcing of fund administration activities.
Yield Lab programme offers €500,000 for AgTech start-ups
AgTech accelerator programme, Yield Lab Europe, has opened for applications for its 2019 accelerator programme.
Tullow makes 'steady progress' as it expects half year profit of $500m
Tullow Oil has reported "steady progress" across all of its business in the six months to 30 June.
Applegreen acquires interest in US forecourt operation
Applegreen has acquired a leasehold interest in a number of forecourt retail assets of Lehigh Gas Wholesale, CrossAmerica Partners and their affiliates in the United States.
Dublin-listed oil and gas exploration firm PetroNeft agrees $1.3m loan facility
Oil and gas explorer PetroNeft has entered into a convertible loan facility of $1.3m (€1.1m) with five lenders.
AbbVie to buy Allergan in $63bn deal
Drug company AbbVie is to buy Botox-maker Allergan for around $63bn (€55bn), grabbing control of by far the biggest name in medical aesthetics to help reduce its reliance on blockbuster arthritis treatment Humira.
900 jobs at risk as Kerry Group to shut factory
Kerry Group's planned closure of its factory in Burton-on-Trent, which will result in the loss of 900 jobs, has been described as a "crushing blow" for the English town.
Majority of workers prefer pay hike to more holidays
Seven in 10 employees would prefer a pay rise rather than more time off, as cash proves to be king for workers.
Seven in ten employees would prefer a pay rise over more annual leave
Seven in ten employees would prefer a pay rise rather than more time off, as cash proves to be king for workers.
Bill Teuber resigns from CRH board
Bill Teuber has resigned from the board of Ireland’s largest company, CRH, with immediate effect.
Dublin-listed PetroNeft agrees $1.3m loan facility
Oil and gas explorer PetroNeft has entered into a convertible loan facility of $1.3m (€1.1m) with five lenders.
Bank of Ireland in €260m loan deal
Bank of Ireland has completed the acquisition of approximately €260m in performing commercial loans from KBC Bank Ireland.
Green Reit 'pleased' with sale progression as profits rise
Green Reit said it is "pleased" with how its sale process is going and the level of interest expressed to-date.
Bakery back on rise after five arrests on fraud rap
The Irish private equity firm which rescued struggling bakery chain Patisserie Valerie, has distanced itself from reports that five people have been arrested and questioned over alleged accounting fraud at the chain.
Dublin aparthotel group to create 200 jobs across Europe
Serviced apartments giant Staycity, which caters for short- and long-stay travellers, is creating 200 jobs across Europe.
Bank of Ireland completes acquisition of commercial loans from KBC
Bank of Ireland has completed the acquisition around €260m in performing commercial loans from KBC Bank Ireland.
Rental income rises at Green Reit as sale process continues
Rental income at property firm Green Reit has increased to €79.4m from €75.5m since the start of the year, according to a trading update from the company.
Investment scheme for firms needs boost: PwC
Further work is needed to make the employment and investment incentive scheme (EIIS) more attractive to potential investors, according to consulting group PwC.
Dixons Carphone hails record year as home tech helps drive sales
Dixons Carphone Ireland enjoyed a record-breaking financial year ended April 29, 2019.
New woodlands to pave way for diversity are planned by Coillte
Forests transformed into recreational spaces and new woodlands to encourage native species and diversity are part of a plan announced by Coillte.
800 new jobs at LinkedIn credited to 'talent pool' in the capital
LinkedIn is creating 800 new jobs in Dublin over the next 12 months in a move which will bring its headcount in Ireland to 2,000.
Coillte to establish non-profit entity to focus on the environment and non-commercial forests
Coillte is to establish a non-profit entity, Coillte Nature, with specific focus on the environment and non-commercial forests.
Coillte to establish non-profit entity to focus on the environment and non-commercial forests
Coillte is to establish a non-profit entity, Coillte Nature, with specific focus on the environment and non-commercial forests.
LinkedIn to create 800 new jobs in Dublin
LinkedIn is to create 800 new jobs in Dublin, bringing its headcount in Ireland to 2,000 by next summer.
Profits slump at Dixons Carphone
Dixons Carphone revenue was down 1pc to £10.43bn (€11.7bn) in the 12 months to April 27.
Losses increase at Ormonde Mining as project completed
Dublin-listed Ormonde Mining has reported a loss after tax of €1.65m for 2018, an increase on the loss of €101,000 reported the prior year.
Google Ireland is silent on copying US housing pledge
Google Ireland has refused to comment on whether it will look to provide affordable housing in Dublin, after its US parent promised to back a major construction push in San Francisco.
Phorest wins major European angel investment award
Beauty salon software provider Phorest has won a major European angel investment award.
From textiles to tech: Poppulo chief's global vision for Cork firm
Most of us have probably day-dreamed about a lightbulb moment - stumbling on that one inspired idea that somehow gets parlayed into a million-euro business.
Trading in Ireland offsets 'challenging' backdrop in Continental Europe for Origin agri firm
Origin Enterprises has said favourable trading in Ireland and the UK more than offset the impact of a "challenging" market backdrop in Continental Europe, mainly in the Ukraine, in the three months to 30 April.
Losses increase at Dublin-listed Ormonde Mining
Dublin-listed Ormonde Mining has reported a loss after tax of €1.65m for 2018, an increase on the loss of €101,000 reported the prior year.
Trading in Ireland offsets 'challenging' backdrop in Continental Europe for Origin
Origin Enterprises has said favourable trading in Ireland and the UK more than offset the impact of a "challenging" market backdrop in Continental Europe, mainly in the Ukraine, in the three months to 30 April.
Fintech First Derivatives completes Kx acquisition with €48m cash deal
Global analytics software business First Derivatives has completed the acquisition of a minority shareholdings in Kx Systems.
Irish fintech Swoop receives €5.6m under RBS bailout fund incentive
SME funding platform Swoop has received £5m (€5.6m) from the UK’s Banking Competition Remedies (BCR).
First Derivatives completes acquisition of Kx Systems
Global analytics software business First Derivatives has completed the acquisition of a minority shareholdings in Kx Systems.
Providence plunges as backer's €8m loan is delayed again
Shares in Providence Resources plunged 16pc yesterday, after Chinese backer APEC Energy Enterprises again delayed making a $9m (€8m) loan to fund a survey of the Irish oil and gas explorer's Barryroe prospect off the Cork coast.
Providence push back deadline to receive €8m funding from Apec
OIL and gas company Providence Resources has again pushed back a deadline to receive $9m (€8m) of funding from Apec, its farm-in partner in the key Barryroe site off the south west coast.
Providence stays silent on €8m funding advance
Irish oil and gas company Providence Resources has refused to say whether it has received a $9m (€8m) advance in funding from Apec, its farm-in partner in Barryroe.