Business News

Tech hub’s rocket man helps high-risk startups fly high

9th November 2018

“People come into incubators and very often it’s just for space, they are thinking ‘that’s what I need, a nice space would be good’. But actually, by the time they exit what you find is that the real value they’ve gotten is the networking, the connections, the monies they were able to attract as a […]

Fewer than one in ten SMEs embracing remote or flexible working

9th November 2018

Fewer than one in ten small and medium businesses in Ireland are embracing remote or flexible working. This is despite the fact that a majority of SME employees are in favour of such working conditions, according to a study of nearly 600 small businesses carried out by Vodafone. Smart working is the combined use of […]

Practicenet 2018-11-09 09:47:49

9th November 2018

Irish banks must shed a further €9bn of bad loans to meet ECB targets, Moody’s has warned. Unlike the early period after the crash, when sales of commercial real estate and developer loans dominated the great bank sell-offs, further disposals will be dominated by home loans, the rating agency said. “This is because legacy mortgage […]

Startup diary: For every €1 you spend in marketing, make €2 in revenue

2nd November 2018

Our podcast is now live. (A search for voxgig on iTunes will bring it up.) It is, as with most things we do, a soft launch. There’s only one episode just yet. Our general strategy for getting things done is accept embarrassment with version 1, and then iterate our way out of mortification. It might […]

Startup diary: For every €1 you spend in marketing, make €2 in revenue

2nd November 2018

Our podcast is now live. (A search for voxgig on iTunes will bring it up.) It is, as with most things we do, a soft launch. There’s only one episode just yet. Our general strategy for getting things done is accept embarrassment with version 1, and then iterate our way out of mortification. It might […]

Friday 2 November 2018 Irish banks face ‘toughest ever’ European stress tests

2nd November 2018

Regulators’ ‘worst case’ scenario by factors in house prices here falling by 5.1pc HIGH stocks of bad loans and a relatively pessimistic ECB view of Irish growth prospects will weigh on AIB and Bank of Ireland in the EU’s latest bank stress test results today. However, both banks go into the current process in better […]

Friday 2 November 2018 Irish banks face ‘toughest ever’ European stress tests

2nd November 2018

Regulators’ ‘worst case’ scenario by factors in house prices here falling by 5.1pc HIGH stocks of bad loans and a relatively pessimistic ECB view of Irish growth prospects will weigh on AIB and Bank of Ireland in the EU’s latest bank stress test results today. However, both banks go into the current process in better […]

US to seek trade agreements with Japan, European Union and UK

19th October 2018

The US Trade Representative’s office told Congress on Tuesday it intends to open trade talks with the European Union, the United Kingdom and Japan. Under fast-track rules, the United States cannot start talks with the EU, Japan and the UK until 90 days after notifying Congress. “We will continue to expand US trade and investment […]

Fexco acquires London’s largest specialist foreign exchange business for £10m

15th August 2018

Kerry-based fintech company Fexco has acquired London’s leading retail foreign exchange company Thomas Exchange Global (TEG). It is understood that the acquisition is valued at around £10m (€11.2m). TEG has over one million customers across its 15 branches in London. The deal, the company’s eight acquisition in the UK since 2012, means that Fexco now […]

Fexco acquires London’s largest specialist foreign exchange business for £10m

15th August 2018

Kerry-based fintech company Fexco has acquired London’s leading retail foreign exchange company Thomas Exchange Global (TEG). It is understood that the acquisition is valued at around £10m (€11.2m). TEG has over one million customers across its 15 branches in London. The deal, the company’s eight acquisition in the UK since 2012, means that Fexco now […]