Canada calls for IPL's long-awaited listing
When around 2,000 shareholders see a scheme of arrangement for the listing of IPL Plastics dropping through their letter boxes next week, it will surely be a surreal moment for many. For over a...
When around 2,000 shareholders see a scheme of arrangement for the listing of IPL Plastics dropping through their letter boxes next week, it will surely be a surreal moment for many. For over a...
What now for Cantor as US boss quits for hedge fund?
IPL Plastics, the company formerly known as One51, included a CAD$50m (€32m) share buyback in plans for its Canadian stock market listing to alleviate the concerns of its underwriters that...
Consumer confidence in rural Ireland is expected to take a hit in the coming weeks and months due to the effect of both the fodder shortage and falling milk prices.
ISS, a leading proxy advisory firm, has warned that additional pay rises for Kingspan chief executive Gene Murtagh should only be given in exceptional circumstances.
Around 100 Davy clients will be celebrating a near threefold increase in their investments in Spotify in less than two-and-a-half years following the listing of music streaming company last week.
Businessman Neil O'Leary is a key investor in Sammon Contracting Ireland, the main operating company of Sammon Contracting Group which entered into examinership last week.
There were some big departures at Eir this week, with a handful of senior executives exiting ahead of the takeover by telecoms billionaire Xavier Niel. Among those leaving are group marketing director Henry Drummer and director of corporate finance Michelle Bennett.
IPL Plastics, the company formerly known as One51, is planning to use CA$200m (€126m) raised in a Canadian IPO for a major European acquisition, according to shareholder sources.
When Conor Gray was growing up in Markethill, Co Armagh, he was very aware of the small village's most famous resident. The founder of a betting chain, John Boyle had some very desirable cars and as a self-confessed petrolhead, Gray paid attention to the entrepreneur.
Data relating to a number of former and current staff - including journalists - as well as former directors at INM may have been removed from the company's premises, taken out of the jurisdiction and "interrogated", the State's corporate watchdog has claimed.
The new chief executive of bookmaking chain Boylesports, Conor Gray, has said that the company is interested in expanding the business outside of Europe, with Asia a possibility.
Dunnes Stores first entered the British market in 1986 with ambitions to expand significantly there. In 2000, it had 10 stores in England and was...
Drinks giant Heineken is to put its weight behind a new cider in the coming weeks as it sets out to win a greater share of the market.
Maggie Timoney has been running Heineken Ireland for almost five years, but staff still joke about "Which Maggie will show up today? Irish or American," says the Mayo woman, who was once a champion basketball player in the US.
The decision of pubs in some rural towns to continue to abide by the long-standing tradition of remaining closed on Good Friday may not be legal.
Irish convenience food company Greencore is now a takeover target following a collapse in its share price sparked by a profit warning, according to a number of market commentators.
Irish retailer Dunnes Stores has effectively exited the British market, closing all its Scottish shops over six months, and shutting its second-last remaining shop in England yesterday.
Representative group Retail Excellence Ireland (REI) is re-organising its operations in a move which will see founder David Fitzsimons step down as chief executive. Former senator and deputy CEO Lorraine Higgins will take over the role.
Publicans have been warned by the competition watchdog that they cannot group together and make a decision to close on Good Friday.
Work is well under way on a former premises of the boomtime nightclub and restaurant owner Robbie Fox.
As the last of the snow was melting in Dublin city centre last week, the offices of AA Ireland were still buzzing from high volumes of customer calls linked to Storm Emma.
Competition in the insurance market is likely to shrink due to Brexit, the AA Ireland chief executive Brendan Nevin has warned.
Independent News & Media (INM) is to make a significant investment in the company as it shifts to a subscription model for online content over the next two to three years.
A swanky new addition to Dublin's thriving restaurant scene opened last week - Sole on South William Street. Regular diners will know the location well - it previously housed Zaragoza, a buzzy, affordable tapas restaurant.
Mobile phone chain Carphone Warehouse is to significantly scale back its network of standalone stores in Ireland, according to a number of sources.
Ranjit Singh Boparan - nicknamed the Chicken King for his poultry business - first came to most Irish people's notice when he swooped in and pinched Northern Foods from under the nose of a somewhat naive Patrick Coveney in his early days at the helm of Greencore.
Anne O'Leary's mother envisaged a career in nursing for her only daughter back in the 1980s. But the chief executive of Vodafone Ireland knew she had no vocation for the world of medicine and, after secretarial school, found herself working in computer company Nixdorf, the first of many jobs in the technology sector.
A review of fixed odds betting terminals (FOBTs) in the UK has really unnerved the gambling giants in the UK, Paddy Power Betfair among them. The machines have been likened to crack cocaine for problem gamblers and there will inevitably be restrictions on them. A story that appeared last month suggesting that a reduction of the maximum bet to £2 was on the cards really upset the industry. The review is looking at changing the current regime which allows gamblers to place bets of up to £100 every 20 seconds, to between £50 and £2. Last year analysts at Barclays forecast that a...
RTE director general Dee Forbes has said the broadcaster again expects to make a loss in the current year and described the organisation's successive deficits as unsustainable.
Listed housebuilder Cairn Homes was quizzed on the speed of its completions by Finance Minister Paschal Donohoe at a meeting late last year.
Did Ireland miss a trick by not nominating Central Bank deputy governor Sharon Donnery for the role of European Central Bank vice-president?
It can take a while to get used to Irish humour. Bank of Ireland CEO Francesca McDonagh (43) found this out when she saw a tweet she thought complimented her relative youth.
Shares in Origin Enterprises last week took a hit after the news that chief financial officer Imelda Hurley was heading for the door.
There was consternation this week among horse-racing lovers about the switch of television rights for Irish racing to subscription channel Racing UK. Horse Racing Ireland insists the profile of racing will not suffer but thousands in rural Ireland who depend on it for a living can only hope it does not turn out to be a self-inflicted blow.
RTE's five-year statutory review will hone in on its funding shortfalls and the sustainability of its wide-ranging services, according to Michael O'Keeffe, chief executive of the Broadcasting Authority of Ireland.
Power plant owner Viridian warned a senior Government adviser last year that a new pricing regime for the electricity markets would have "a chilling effect on foreign investments".
Discount retailer Lidl is to make its single biggest one-year investment in Ireland since entering the market in 2000, with a total of €200m earmarked for a range of projects over the coming months.
Ollie Loomes, country director of Diageo Ireland, has warned that new restrictions on the marketing of alcohol could damage Ireland's brands abroad and hit investment.
A deal by Total Produce to take a large minority stake in fruit firm Dole was hailed as transformational last week. And it will certainly transform life for billionaire Dole owner David Murdock. The 94-year old is a colourful character. He pulled an IPO of Dole last April as he felt a trade sale of the heavily-indebted company would be quicker. And it appears that the ageing Murdock is very conscious of not wasting any time.
The Liberty Hall election machine is cranking up but not everyone is best pleased. An email last week from a senior Siptu official to all union staff said that Jack O'Connor, who just stepped down as Siptu president, will contest a general election seat in Wicklow for Labour: "Irrespective of political affiliations, a number of colleagues have expressed a desire to assist him during his campaign," it said.
Who could blame them? After the roasting Ulster Bank got at the Oireachtas Finance committee, senior officials there could be forgiven for retiring to an upmarket hostelry to cool down with some refreshments.
A US bakery business bought by Irish-Swiss food group Aryzta less than four years ago for around €530m was sold last week for a knockdown price of only €20m.
When, as a young Irish marketing executive based in the UK, Ollie Loomes first got a job working at Guinness, he felt it was his dream role. Guinness is unquestionably one of the country's most important brands, but Loomes was initially unaware of the responsibility that would come with it.
The Revenue Commissioners are using data analytics to assess new information from the US tax authorities and elsewhere in the latest crackdown on offshore tax evasion.
The alcohol lobby has been shouting from the rooftops about the problems that new legislation curbing advertising will cause.
One of Ireland's low-key international successes - Sean Reynolds, managing director of asset manager Lazard - is working away on a residential project in Dublin 2.
Oilman Brian O'Cathain is back on the scene after coming out on the losing end of an ugly battle for Petroceltic.
Troubled food group Aryzta will realise losses of around €500m on the sale of assets in the coming months.
Independent News & Media (INM) has announced an overhaul of its board, which will see chairman Leslie Buckley step down from the role on March 1.
It has been a prosperous start to the year for developer Paddy McKillen - his French hotel, Villa La Coste, has been named hotel of the year by Mr & Mrs Smith, a luxury boutique hotel site.
New tax anti-avoidance measures aimed at small companies may have rung the death knell for management buyouts at SMEs, a leading law firm has claimed.
TV likes a bit of drama and I hear that a row between TG4 and independent television producers has been escalating in recent months.
The IDA and the broadcasting regulator will actively target the London-based television sector in the next six months as Ireland seeks to attract companies weighing up their post-Brexit options.
Mixed martial arts champion Conor McGregor is the highest profile new entry on this year's Sunday Independent Rich List, which charts the financial ups and downs of the country's wealthiest 250 people.
AIB is to target 'empty nesters' - couples whose children have left home - with a range of new financial measures to allow them to downsize.
AIB, the country's largest bank, has developed several new initiatives to help boost housing supply - including a review of its credit policies for the buy-to-let market.
Conor McGregor has made his debut in the Sunday Independent Rich List – but has been beaten into second place in the list of highest new entries.
The top ten entrants in the Sunday Independent Rich List 2018 increased their fortunes by over €2bn in total over the past year.
Irish companies must put plans in place to protect themselves against the risks of Brexit in what will be a challenging year, Enterprise Ireland (EI) chief executive Julie Sinnamon has warned.
Almost three-quarter of Irish workers expect their wages to increase in 2018, according to wide-ranging new research among employees and employers.
Christmas television viewing continued its downward slide, falling 6pc compared with Christmas 2016 as it competes with a growing number of digital alternatives.
Consumer spending will be key to the growth of the economy in 2018, with some evidence that sentiment among businesses is more subdued, according to Bank of Ireland group chief economist Dr Loretta O'Sullivan.
In the summer of 2016, one of the first businesses to feel the cold wind of Brexit was the Guinness Storehouse. Although Diageo, which owns Guinness, never confirmed it, there was a sharp drop-off in UK visitor numbers in the immediate aftermath of the vote. So what did the Guinness Storehouse end-of-year figures for 2017 tell us?
The three largest coffee chains in Ireland account for 52pc of the market between them, with Insomnia. Costa Coffee and Starbucks leading the Irish cafe scene.
Tesco Ireland is to donate 40 grocery home service vans to charitable groups across the country.
Tesco Ireland is investing €70m in its stores between this year and 2018, with €31m earmarked for a massive new shop in Liffey Valley.
Dublin-based ecommerce company eShopWorld has appointed industry heavy-hitter David Power as chief solutions officer as it aims to fulfil its goal of becoming a €1bn turnover company by 2020.
Name: Andrew Yaxley
In The Journey of the Magi, TS Eliot's dramatic Christmas monologue, Three Wise Men travel from the East to Bethlehem honouring the birth of a new world order.
SHS Group, a major Northern Ireland distributor of consumer brands and goods in Ireland and the UK, saw revenues soar by 23pc last year as turnover hit £468m (€533m). Profits before tax reached almost £25m.
One51 has been hell-bent on a flotation since Philip Lynch was running the business and last week it jumped some big hurdles by getting the go-ahead for a reorganisation of the business, paving the way for a listing.
Shareholders in Swiss-Irish food company Aryzta may oppose a vote to ratify the acts of the board at this week's agm "given the service of former ceo Owen Killian" during the period, according to leading proxy advisor Glass Lewis.
Model and best-selling cookery author Roz Purcell has partnered with well-known restaurateur Ronan Ryan to create a new tailor-made meal delivery service.
When CRH boss Albert Manifold took over the top job at the building material giant one of his first acts was to up sticks from its historic headquarters in Belgard Castle and relocate the working HQ to Sandyford. But if anyone thought this showed a lack of appreciation for the property - an 18th century house with medieval tower - they were mistaken.
An Irish global executive search firm is beginning a targeted campaign aimed at business leaders within the Irish diaspora over Christmas.
The number of projects currently trying to raise funds under the Employment and Investment Incentive Scheme (EIIS) is around half that seen this time last year, according to practitioners working in the area.
The Galway-based company Bio-Medical, which makes the Slendertone slimming device, is to bulk up its activities in China and other Asian markets in the coming year following "exceptionally strong sales" in Japan.
Julian Shovlin, the son of the once Ferrari-driving, boom-time developer Paddy Shovlin (who went bankrupt in 2012) is dialling into quite a business in the UK.
This time 10 years ago, Irish shoppers were in a buoyant form, with fears of an economic crash pushed to the back of the minds of most. Shops all over the country were preparing for another exuberant season of spending, stocked up with their most luxurious and expensive products for the country's peak December shopping spree. Special offers were a rarity, with stores expecting full...
Upmarket food company Donnybrook Fair is to fight an order by Fingal County Council that it pull down an outdoor seating enclosure at its Malahide restaurant in Co Dublin.
Bars and restaurants in Dublin city centre are thriving these days, with plenty of newcomers trying to muscle in on the action. Existing operators can be slow to welcome rivals but I am glad to report that developer Paddy McKillen, who has developed several swanky hotels and bars in the city, is welcoming a new entrant to the busy Dawson Street area with open arms.
Minister for Communications Denis Naughten has sought advice from the broadcasting regulator over a plan by RTE to form a joint venture with the GAA for the online streaming of Gaelic games.
Luxury fashion outlet Kildare Village enjoyed sales growth of 21pc last year, following the opening of a €50m Phase 2 extension in late 2015.
The Revenue Commissioners have refused to rule out the prosecution of taxpayers who come forward to make disclosures about offshore assets.
A takeover approach by CapVest, the private-equity firm headed by Cavan businessman Seamus Fitzpatrick, for plastics company One51 fell down over a failure to reach agreement with the company's Canadian shareholders.
Danske is the only bank yet to reveal just how many of its Irish mortgage customers have been affected by the tracker scandal, and this has been getting some attention back home.
A majority stake in Cork-based outsourcing company Voxpro was sold to Canadian firm Telus International for just under €40m, figures released last week reveal.
Ronan McNamee - of Cuisine de France fame - is back in the food business with BFree, a range of gluten-free and wheat-free products including wraps, bagels and pizza bases. Set up in 2011, the business had racked up accumulated losses of nearly €1.8m to the end of 2015. But it said sales increased during 2016 and that it expected this to be reflected in the full-year results.
Independent News & Media (INM) is interested in acquiring the Sunday Business Post, which is for sale.
Sales at Arnotts increased by 5.3pc last year up to €75.3m following continued investment in the Dublin department store which is now owned by the Selfridges Group.
The sale of high-end food services company La Rousse Foods by food giant Aryzta is progressing nicely, I hear. It may make a mouth-watering return for the Swiss-Irish company, now led by former DAA boss Kevin Toland.
Retail sales grew almost 2pc in the third-quarter of the year, boosted by furniture, garden products and large appliances as consumers invested in their homes.
Three years ago, John Conroy walked away from Merrion Capital, the firm he founded with six of the country's leading brokers in 1999, taking with him a key lesson on building up a successful business. Finding the right people is as important as identifying an opportunity in the market.
The deal for Dawn Meats, owned by brothers John and Peter Queally, to buy Dunbia, owned by brothers Jim and Jack Dobson, seemed like a great solution for everyone. The Dobsons were trying to sell their business, which has wafer-thin margins and a considerable debt on its balance sheet. For the Queallys and their co-founder Dan Browne, Dunbia's access to the UK markets gives Dawn a welcome Brexit buffer.
The former chief executive of Merrion Capital, John Conroy, has launched a €100m health and wellness fund that has a strong emphasis on tech.
Katie Taylor, who is preparing for the biggest moment of her professional boxing career in her challenge for the WBA World lightweight title in Cardiff next Saturday, is now Ireland's most admired sports personality, according to sponsorship advisers Onside.
It has taken almost a year, but last week the deadlock was broken in one of the most high-profile corporate rows in recent memory.
Major employer Salesforce views its future opportunities in Ireland very positively, not least due to the outcome of the marriage-equality vote in 2015, according to its chief equality officer Tony Prophet.
Finance Minister Paschal Donohoe did his best to stimulate home building in the Budget, but the markets are still betting on demand outstripping supply. Last week Glenveagh Properties made its debut on the stock market, making it the first Irish homebuilder to float in two years. It carries a valuation of €700m.
Concern over Brexit is only intensifying among businesses, and yesterday's Budget gave some hope that state bodies will be better equipped to tackle the minefield ahead.
RTE has warned staff that a better redundancy package will not be offered by the company amid concerns that some staff were holding out for improved terms.
Prior to September, KBC Bank's app took 26 steps to open an account. A new and improved app launched last month reduced that process down to five steps. Next on the horizon is mortgages which can be approved in three hours.
Rachel Howes, the former managing director of Booking.com, has taken a stake in Irish hospitality company, the Great National Hotels and Resorts Group.
Dublin City Council and the IDA are working on plans for an 'innovation corridor' in Dublin 8, which will include a newly-developed site at Diageo's St James's Gate, St James's Hospital and the National Children's Hospital (NCH).
WAN-IFRA has launched a global campaign to underline the vitality of the news industry.
A bid by UK private equity firm CapVest for Irish plastics business One51 hinges on an agreement with the Canadian shareholders in the company.
Ireland's dairy sector has traded on its image as being in a lush and green environment - with the assumption that it is green in every sense of the word.
Irish plastics company One51 will this week meet with key shareholders to present plans for a stock market listing of the company.
Sky and other pay-TV operators are preparing to strongly oppose proposals which would allow RTE to charge them for carriage of its channels.
Going to school in Terenure, Edel Creely's main after-school interest was the violin. So when it came to choosing a university course, a degree in music studies was high on her agenda.
Canadian property investment firm Timbercreek has appointed Stephen Kenny to its global debt team to support its Irish commercial property lending business, which launched in May with €200m available to lend.
Irish-Swiss food giant Aryzta is facing continuing losses at its US Cloverhill facilities following an immigration crackdown which forced out 800 workers.