Malin, an Irish-based company set up by a number of former Elan executives is to invest in privately held life science assets, Poseida Therapeutics. The deal will see Malin acquire a
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Pure Telecom has been selected to provide managed communications services for Ireland’s largest private healthcare centre, Blackrock Clinic. In a deal worth €217,000 over three years, Pure Telecom was chosen
600 new jobs for Ireland. The international professional services firm PwC will hire 500 new staff in 2016, while Microsoft Ireland announced it will recruit 100 people, as well as 60 iterns. The
French company Sanofi and German drugmaker Boehringer Ingelheim have entered exclusive negotiations to swap businesses. This move would turn the French company into a major force in consumer healthcare while Boehringer would
Dairy company Ornua, formerly the Irish Dairy Board, has sold a majority stake in its US speciality foods distribution business, DPI Foods, to Arbor Investments. The sale price was not disclosed
Two companies announced its plans to create 265 new jobs across Galway and Athlone. A courier company in Athlone has announced it is to create 200 jobs, including 70 to
The construction sector has recorded its fastest growth in new orders in five months. The rate of job creation also picked up in November, according to Ulster Bank’s latest Purchasing Managers’
Lidl chain launched a ‘new concept’ in Gorey, Co. Wexford, following five and a half months of construction. Representing a multi-million euro investment into the locality by Lidl Ireland, the
Alibaba Group Holding Ltd has signed a deal to buy the South China Morning Post and other media assets of SCMP Group for $266m, a deal that has raised a
Business group Ibec has improved its GDP forecast for the Irish economy this year, and now expects it to grow by 7.1%, after last week it indicated that annual growth was
Jaguar Land Rover, UK’s largest automotive manufacturing business, has signed an agreement with the government in Slovakia to build a new plant for the luxury car maker in the country.
Cork-based fraud prevention company, Trustev, has been sold to US listed company TransUnion for about $44 million (aprox. €40m). Under the terms of the deal, $21m in cash will be paid at
Energy utility SSE will be the first large corporate business in Ireland to become a Living Wage employer – guaranteeing all its employees a Living Wage of at least €11.50
C&C Group has announced a new long term partnership agreement with Pabst Brewing Company for the sale and distribution of C&C Group’s cider brands within the US. Under the terms
IKEA Group, the world’s biggest furniture retailer, announced that net profit grew 5.5% in its fiscal full-year, mainly on the back of sales growth in existing stores. The company was
The property development group, Abbey, has reported pre-tax profits of €29.68m for the six months to the end of October, up from €16.99m the same time last year. In the
Stephen Kavanagh, the CEO of Aer Lingus, has been awarded over 110,000 share options at the airline’s new owner, IAG. The shares are currently worth close to €900,000 (£639,000), but
Minister for Energy Alex White, TD, announced today €20 million in grant offers for local communities under the 2016 Better Energy Communities scheme. The scheme, which is administered by the
DCU Alpha, formerly known as DCU Innovation Campus, has announced that it plans to support 100 companies and 800 jobs over the next three years. The innovation cluster, which houses
Dow Chemical and DuPont are talking merger, creating a chemicals giant with a market value of more than $120 billion that could then break up into different businesses, people familiar
The financial firm, Morgan Stanley plans to cut 1,200 jobs, or 2 percent of its global workforce, taking a severance charge of about $150 million. The charge will cover the
FBD Property and Leisure Limited (FBDPLL) has applied for planning permission for a €5.5 million upgrade of Castleknock Hotel and Country Club in Dublin. If successful, the planned 21,280sq ft expansion
Virgin Media Ireland has completed its acquisition of TV3. The €87m deal for UPC to take over TV3 was announced back in July, undertaken by UPC’s parent company, Liberty Global.
Airlines including Ryanair, and Aer Lingus owner IAG, have called on the European Commission to tackle airport charges and taxation
Facebook Ireland paid only €3.4 million in corporate tax last year in spite of revenues risen to €4.83 billion from €1.8
General Electric has walked away from a $3.3 billion agreement reached in September 2014 to sell its appliances business to
The Government launches today a new five-year science strategy, which aims to double total spending on research and development in
The Irish economy is expected to grow by almost 6% this year, according to a new forecast. The EY Economic
Online home insurance broker Insuremyhouse.ie is to create 50 new jobs as part of a three-year expansion programme. The new
The taxi-booking app, Hailo, has introduced HailoPay, a new service that will allow customers to pay for a non-booked journey
Taoiseach Enda Kenny TD and Richard Bruton TD, the Minister for Jobs, Enterprise and Innovation, Government of Ireland announced today
Telecommunications company Eir has agreed to acquire Setanta Sports Ireland, the international sports broadcaster based in Ireland. The sum of
Motorola Solutions announced that it would acquire Airwave for £817.5 million. The Walkie-talkie and radio systems maker expects its net cash payment to
Audi has appointed a new chairman and a new development chief as Volkswagen’s flagship luxury division struggles to recover from
OPEC appeared unlikely to cut oil production to lift languishing prices at a meeting in Vienna on Friday, potentially worsening
LinkedIn, the social network for business people and professionals, is currently opening 100 positions in Ireland. Marking the fifth anniversary
Richard Branson announced that a 747 jumbo jet will be adapted for use as a launchpad for a Virgin Galactic
In November, at ABB’s Beijing factory the 10 millionth ABB low voltage drive rolled off the production line. The 10
Largest Irish convenience and fuel retailer, Topaz Energy Group, is to be acquired by the publicly quoted Canadian company Alimentation
The beermaker Anheuser-Busch InBev NV is looking to sell the Peroni and Grolsch brands as it works to gain regulatory
Microsoft’s Office 365 service has gone offline for many users in the UK and Europe on Thursday due to a problem
Ryanair has released a statement saying its passenger number grew by 21% to reach 7.71 million in November. This compares to 6.35
The European Union commission has opened a formal state aid investigation into allegations that fast food giant McDonald’s received a
The National Asset Management Agency has announced further details of its plans to build commercial and residential developments in the Dublin.
As part of Industry and Business TV we went along to DataCentres Ireland and spoke to a number of exhibitors,
A new €26 million world class geoscience research centre iCRAG has been opened at University College Dublin to focus on the
GE Healthcare today announced a $40 million investment in its manufacturing facility in Carrigtwohill, Cork. Employment at the Cork facility,
Ryanair announced that it had launched High Court proceedings against both eDreams and Google to stop them misleading consumers by
Mondelez International, the owner of the Cadbury chocolate brand, has hired bankers to explore the sale of a number of
UTV Media shareholders have approved the £100m sale of its television business to ITV. The Northern Irish firm announced in
The global biopharma company, BMS, which focuses on helping patients prevail over serious illness, is growing operations, constructing a new
Zurich Insurance announced that chief executive Martin Senn was stepping down, with chairman Tom de Swaan immediately taking temporary charge
Ireland’s manufacturing sector expanded in November, but growth moved at the slowest pace in 21 months according to Investec’s monthly Purchasing
A leading worldwide private aircraft charter operator is establishing a base in Co Clare. Athens-based GainJet Aviation has begun the
Valmet Automotive and Mercedes-Benz have announced that Valmet Automotive will start manufacturing additional units of the Mercedes-Benz GLC SUV at
Bakery equipment specialist Dowson Food Machinery is relocating to a new factory in Keighley, West Yorkshire, which will enable the
Balfour Beatty, the international infrastructure group, has been selected by Palace Revive Development Ltd to deliver the pre-construction services contract
ARYZTA , the global food business with a leadership position in speciality bakery has reported a 6.1% increase in group
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