News

Dragon’s Den winner to create 100 jobs and expand in Britain

An entrpreneur who first came to prominence on TV show ‘Dragon’s Den’ has announced he’s to create 100 jobs. Smart Storage managing director Paul Jacob featured on the RTE show in 2012 with his stairs storage solutions. He’s now set to create 100 jobs across Ireland and the UK over the next 18 months. Sixty […]

Continue Reading

Sports Direct acquires Boyers site for €12m – report

UK-based Sports Direct has purchased the former Boyers department store site on North Earl Street in Dublin City Centre in a deal believed to be worth €12m. According to a report in The Irish Times, owner Mike Ashley acquired the premises whose sale was handled by DTZ Sherry Fitzgerald. Boyers closed up shop in January […]

Continue Reading

Ireland emerges as America’s fourth biggest creditor – US Treasury Department

IRELAND has emerged as America’s fourth biggest creditor, new figures from the US Government show. Ireland follows the likes of China, Japan and the Cayman Islands after the US Treasury Department revised the way it reports the figures. Investors in Ireland owned $264.3bn (€233.6bn) of Treasuries at the end of March, figures obtained by the […]

Continue Reading

Wayfair: online retailer to create 160 new Galway jobs

Online home furnishings and decor retailer Wayfair is to create 160 new jobs in Galway. The company is expanding its European operations centre in the city and will open a new facility on the Tuam Road to house the expanded operation. It already employs over 200 people in Galway. Wayfair vice president of sales and […]

Continue Reading

Over 130 jobs at risk at Suir Pharma following appointment of provisional liquidator in High Court

More than 130 jobs are at risk following the appointment by the High Court of a provisional liquidator to a Co Tipperary based pharmaceutical manufacturing company. Suir Pharma Ireland Ltd, which is located at Waterford Road in Clonmel and has been making generic medicines for approximately 40 years in the town, is insolvent and is […]

Continue Reading

Oil prices rise on Nigeria outages and Goldman forecast

Oil prices jumped more than 2 percent on Monday to their highest since November 2015 on the back of more disruption to supplies from Nigeria and after long-time bear Goldman Sachs said it was more positive about the market. Brent crude futures were trading at $49.05 per barrel at 1304 GMT, up $1.23 or 2.5 […]

Continue Reading

Strikes and terror to hit Ryanair for up to €40m

Ryanair is likely to have lost between €30m and €40m during its fourth quarter as a result of the Brussels terrorist attacks and air traffic control strikes, double the estimate chief executive Michael O’Leary gave last month. Speaking to the Irish Independent, Mr O’Leary said that Ryanair had cancelled about 550 flights during its fourth […]

Continue Reading

Ireland ‘third-safest country’ in the world for business

Country ranks highly in terms of supply chain resilience in study of 130 nations Ireland has been ranked as the third safest country in the world in which to do business, according to a new survey by international risk management and insurance company FM Global. The study finds that Ireland is considerably more insulated from […]

Continue Reading

German economy more than doubles growth pace in first quarter

Germany more than doubled its economic growth rate in the first quarter of 2016 as higher state and household spending, as well as rising investment on construction and capital goods offset a drag from foreign trade, preliminary data showed on Friday. The economy grew by 0.7pc on the quarter between January and March after it […]

Continue Reading

Consumer confidence on rise with a quarter of households planning to buy a car – survey

One in three households considers it a good time to purchase big ticket items and a quarter intend to purchase a car in the next year, a survey by Bank of Ireland has found. Almost four in ten consumers expect their household financial situation to improve in the next year, although just under half expect […]

Continue Reading