Bus manufacturer Wrightbus is to create up to 300 permanent jobs after winning a number of orders from Ireland and the UK, the firm has said. The company is to also convert 120 existing temporary roles into permanent positions as it seeks to ramp up production at its headquarters in Ballymena, Co Antrim. The firm […]
News & Resources
AXA spending €6m to offset carbon impact of drivers
The insurer AXA is promising to spend up to €6 million to offset the annual carbon impact of over 650,000 cars that it insures here and in Northern Ireland. According to its own calculations, the programme will see it offsetting the equivalent of 1 million tonnes of carbon dioxide. It is planning to do this […]
Adidas sells Reebok to Authentic Brands Group for €2.1bn
Adidas is selling Reebok to Authentic Brands Group (ABG) for up to €2.1 billion as the German sporting goods company concentrates on its core brand after a deal that did not deliver. Adidas bought Reebok for $3.8 billion in 2006 to help compete with arch-rival Nike, but its sluggish performance prompted repeated calls from investors […]
Killarney and Cork energy firms to merge creating 80 jobs
Two Munster energy companies have announced a merger that will lead to the creation of up to 80 new jobs. Cork consultancy firm Energy Services, and Straightline Energy Solutions, based in Killarney, are to merge to become ActionZero. The firm has patented new technology that generates heat in a process that eliminates the need for […]
New strategy targets €21bn in agri-food exports by 2030
A new ten-year strategy for Ireland’s food and drinks industry has been launched with the target of reaching €21 billion in agri-food exports by 2030. Minister for Agriculture Charlie McConalogue said ‘Food Vision 2030 – A World Leader in Sustainable Food Systems’ outlined a sustainable way forward for the agri-food sector. He told RTÉ’s Morning […]
AMC posts upbeat results as people return to cinemas
AMC Entertainment, the largest cinema chain in the world, beat second-quarter revenue estimates – sending its shares up 4% in extended trading. “F9: The Fast Saga” – the latest installment of the “Fast and Furious” series – and “Godzilla vs Kong” gave AMC much-needed relief from the blows it has taken from the pandemic over […]
Davy revises upwards Irish GDP growth to 10% this year
Davy has revised upwards its forecast for Ireland’s Gross Domestic Product (GDP) growth this year to 10%, from a previous forecast of 4.8%. It said the upward revision reflects the buoyant multinational sector and exports, which are both expected to expand by 15% this year. According to Davy, the contraction in early 2021 was shallower […]
Updates to hospitality guidelines on outdoor events being discussed
The Cabinet sub-committee on Covid-19 will meet today when it is expected to discuss updates to hospitality industry guidelines on outdoor events. It follows questions raised over an event hosted by former minister Katherine Zappone in a Dublin hotel last month and subsequent advice from the Attorney General. Fáilte Ireland is the State agency charged […]
Strong growth in business activity – AIB PMI
Irish service sector companies reported the strongest growth in business activity since August 2000 in July, according to the latest AIB PMI survey. New business expanded at the fastest rate since January 2016, while incomplete workloads rose the most in over two decades despite faster workforce growth. The latest survey data also signalled rising inflationary […]
Home Instead announces 1,000 new jobs across Ireland
Private provider of home care services, Home Instead, has announced the creation of 1,000 new jobs. The company, which already has a 4,000-strong team, delivers home care to almost 7,000 clients. Chief Operating Officer of Home Instead, Shane Jennings said the company is inviting applications from people with an interest in care to join Home […]
Kerry Group profits up 13% as trading recovers from pandemic
Kerry Group has reported a 13% increase in trading profit to 357 million for the first six months of the year. The group’s trading profit margin increased by 70 basis points to 10%. It says that was primarily due to recovery of operating leverage following the impact of Covid-19 in the same period last year. […]
Gold for O’Donovan and McCarthy!
Paul O’Donovan and Fintan McCarthy wrote their names into the history books with a stirring victory in the men’s lightweight double sculls final. The Irish duo lived up to their favourites status to power to victory at the Sea Forest Waterway, edging out Germany who had pushed them all the way, with Italy finishing a […]
Tokyo 2020: Irish rowing quartet battle their way to bronze
Ireland have their first medal of the Tokyo Olympics after the quartet of Aifric Keogh, Eimear Lambe, Fiona Murtagh and Emily Hegarty produced a stirring finish to take the bronze medal in the women’s four final. Australia, who dominated the race from the very start, held on in the face of a late surge from […]
Owner of Brown Thomas and Arnotts up for sale
Selfridges, the owner of the Brown Thomas and Arnotts department stores in Ireland, has been put up for sale. Selfridges’ billionaire owners, the Weston family, have launched a formal auction to sell the historic department store business. It is understood that advisers at Credit Suisse will start looking for a buyer, with the company valued […]
Floating wind turbines key to long term energy targets – WEI report
A new report from Wind Energy Ireland has concluded that floating wind energy turbines are key to delivering Ireland’s longer term clean energy targets. Most offshore wind farms are built using ‘fixed-bottom’ turbines, where the base of the turbine is fixed to the seabed. However, turbines can also be mounted on a floating platform which […]
Bausch + Lomb to bring 130 jobs to Waterford
Eye care company Bausch + Lomb is to create 130 jobs as part of a €90 million investment at its manufacturing facility in Waterford city. The plant currently employs more than 1,500 people and the new investment will increase capacity for the manufacture of the company’s Biotrue ONEday range of contact lenses. Production is due […]
Tips for coping with the high temperatures
Tips for coping with high temperatures The HSE is advising people to stay safe in the heat. Keep cool Minimise unnecessary heating – turn off central heating, electrical equipment and lights that are not needed. Keep out of the sun between 11am to 3pm If you have to go outdoors, protect your skin by using […]
Harrington and Irvine to carry Irish flag in Tokyo
Boxers Kellie Harrington and Brendan Irvine have been chosen as the Team Ireland flag bearers for Friday’s Olympic Games opening ceremony in Tokyo. For the first time each country is being asked to have two flag bearers in the parade of nations, one male and one female. Dubliner Kellie Harrington is competing at the Olympics […]
Rise in new companies registered in first half of year
Almost 14,000 new companies were registered in Ireland in the first half of the year, up 42% on the same period in 2020 – according to CRIF Vision Net. Within this period, March was the strongest month for start-ups recording a total of 2,715 new registrations. According to the data, the legal, accounting and business […]
Likely to get even warmer in coming days – Met Éireann
A meteorologist with Met Éireann has said the high temperatures experienced over the weekend are likely to be exceeded over the next few days. Aoife Kealy told RTÉ’s Morning Ireland that the current conditions should remain until Thursday, but that there will be a slight change towards less warm conditions next weekend. Ms Kealy said […]
China’s post-pandemic economic rebound loses steam
The Chinese economy’s sharp rebound from the coronavirus pandemic has now slowed, official figures show. Gross domestic product (GDP) increased by 7.9% in the second quarter of 2021 compared to the same time last year. That was less than half the rate seen in the previous quarter and missed economists’ forecasts of 8.1% growth. GDP […]