Business News

Bord na Mona and the ESB are joining forces to develop four huge solar farms that are likely to cost in the region of €500m and generate sufficient electricity to power 150,000 homes. The four solar farms – which will generate a total of 570 megawatts of electricity – will be based in counties Roscommon, […]

The quantity of impaired loans at State-owned AIB is down 70pc from the peak levels seen in 2013, according to a first quarter trading update issued by the bank. The total value of impaired loans now on the banks books is €8.6bn, a fall of €500m since the final quarter of last year. In addition, […]

One-in-four people employed in the private sector in this State works for a foreign company that sells stuff to foreigners. The taxes those workers and companies pay fund a great deal of the public sector and the cost of providing public services. All this is a very unusual state of affairs when compared to our […]

State-owned AIB has been hit with a massive Central Bank fine for failing to check if it was being used for money laundering and tax evasion. The bank has to cough up €2.275m to the Central Bank for breaches of anti-money laundering legislation. The fine is a huge embarrassment for the bank, just months away […]

Exporting companies are waking up to the fact that Brexit is now a reality and that they need to put in place a strategy to mitigate the fallout, the head of Enterprise Ireland (EI) has told the Irish Independent. Since Prime Minister Theresa May triggered Article 50 in March, companies are accepting the need to […]

Exporting companies are waking up to the fact that Brexit is now a reality and that they need to put in place a strategy to mitigate the fallout, the head of Enterprise Ireland (EI) has told the Irish Independent. Since Prime Minister Theresa May triggered Article 50 in March, companies are accepting the need to […]

The Irish Stock Exchange (ISE) has launched its ‘IPOready’ programme for 2017, which is geared towards helping Irish companies prepare for stock market flotations over the next five years. The programme will offer assistance to companies that are preparing to go public. IPOready will provide skills to executive teams who are attempting to raise strategic […]

Almost 70pc of Irish workers would like to work in a small to medium-size enterprise (SME) or a startup, research has found – with respondents believing that startups and SMEs offer the best office culture. Younger workers are also following this trend, with close to half of those aged under 25 preferring to work in […]

Long-term renters should look at ways in which they can financially protect themselves, similar to mortgage holders, a leading insurance company has said. With rents across the country now 8pc higher on average than their Celtic Tiger peak in 2008, Royal London has urged renters to consider protection against illness and death. In Dublin, rents […]

Ardagh Group S.A. has noted the US jury verdict received on April 21, 2017 in connection with one of two asserted patents alleged by Green Mountain LLC to have been infringed by Ardagh’s US glass business (formerly called Verallia North America ‘VNA’). Ardagh disagrees with the decision of the jury both as to liability and […]