Virgin Media named the Commercial Director of TV3, Pat Kiely – the new Managing Director of the station. Mr Kiely has over 20 years experience in the Irish advertising and
Company News
Irish packaging giant Smurfit Kappa has announced the acquisition of two Brazilian integrated paper-based packaging businesses in a deal worth €186m. The two privately-owned businesses, INPA and Paema, combined operate
Irish-listed drinks group Diageo has completed the sale of its major wine interests in the US and the UK to one of the world’s biggest publicly-listed winemakers, Australian vintner Treasury Wine Estates
Nokia Corp. has secured the authorization from France’s securities watchdog for its 15.6 billion euro takeover offer for Alcatel-Lucent SA, clearing the way for the integration of the two telecom-equipment suppliers.
Irish investment firm Lioncourt has acquired Dublin-based English language school ECM College. In a statement the company said the deal represents an investment of over €1m and “reflects the potential the
Spanish thermal solar power and electrical engineering firm Abengoa has signed an agreement with its creditor banks for a €106m credit line to help avert what would be Spain’s biggest-ever
Irish oil producer Petroceltic has hired bankers to conduct a strategic review, including a sale, after tumbling oil prices hurt its business. The company said it had appointed Bank of
The developer of internet gaming software, GameAccount Network (GAN), headed up by Dermot Smurfit Jnr, has signed an agreement with one of the largest US gaming groups that will see
Japanese electronics company Toshiba announced it will cut nearly 7,000 consumer electronics jobs after a $1.3 billion accounting scandal. The moves are part of an overhaul that will streamline the sprawling
Health food chain Holland & Barrett International is bidding to almost double sales to £1bn (€1.37bn) over the next five years, after it posted a record seventh consecutive year of
Finnish company Powerflute, 36% owned by Smurfit, has engaged in takeover talks with Madison Dearborn Partners, which made a preliminary offer. Finnish packaging firm Powerflute announced it had received a
Sports Direct founder, Mike Ashley is to oversee a review of all agency workers’ terms and conditions at the company. The move follows criticism of the retail giant’s pay and employment
Business software maker Oracle Corp delivered a third-quarter profit forecast this Wednesday that did not quite meet analysts’ expectations, and the company’s shares fell about 1% in extended trading. Oracle forecast
The National Asset Management Agency predicts a €2 billion surplus by the time it completes its work, according to management at the organisation. Appearing before the Joint Oireachtas Committee on Finance, Public
Two digital giants, Uber and Facebook partnered to allow Messenger users to call Uber cars without leaving the Facebook-owned Messenger app. The social network revealed on Wednesday that it has launched
The digital communications company, EE has issued a recall for all its Power Bar portable chargers because of a fault that can cause overheating and a “fire safety risk”. The
Hines, a US property giant is in position to buy One Spencer Dock, Ireland’s largest single office investment on Dublin’s North Wall Quay. The property giant outbid two other investment
Technology firm Asavie is to create 106 jobs in Dublin over the next 30 months. The company said it would be looking to fill roles in engineering, sales, product management, marketing and support.
Ireland’s largest hotels group Dalata has agreed to buy the Tara Towers hotel for €13.155m. Dalata said it plans to invest up to €4.5 million on renovating the three-star hotel, “in an
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
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
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
Jaguar Land Rover, UK’s largest automotive manufacturing business, has signed an agreement with the government in Slovakia to build a
Cork-based fraud prevention company, Trustev, has been sold to US listed company TransUnion for about $44 million (aprox. €40m). Under the terms
Energy utility SSE will be the first large corporate business in Ireland to become a Living Wage employer – guaranteeing
IKEA Group, the world’s biggest furniture retailer, announced that net profit grew 5.5% in its fiscal full-year, mainly on the
The property development group, Abbey, has reported pre-tax profits of €29.68m for the six months to the end of October,
Stephen Kavanagh, the CEO of Aer Lingus, has been awarded over 110,000 share options at the airline’s new owner, IAG.
Dow Chemical and DuPont are talking merger, creating a chemicals giant with a market value of more than $120 billion
The financial firm, Morgan Stanley plans to cut 1,200 jobs, or 2 percent of its global workforce, taking a severance
FBD Property and Leisure Limited (FBDPLL) has applied for planning permission for a €5.5 million upgrade of Castleknock Hotel and Country
Virgin Media Ireland has completed its acquisition of TV3. The €87m deal for UPC to take over TV3 was announced
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 taxi-booking app, Hailo, has introduced HailoPay, a new service that will allow customers to pay for a non-booked journey
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
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
As part of Industry and Business TV we went along to DataCentres Ireland and spoke to a number of exhibitors,
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
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
ARYZTA , the global food business with a leadership position in speciality bakery has reported a 6.1% increase in group
Origin Enterprises has reported a slower start to the 2016 financial year for the seasonally quiet first quarter, but the Group
Enterprise Ireland has ranked third in the world for its seed investment activity, following San Francisco-based SV Angel and french
NTR plc reported a profit of €72.6 million for the first half of the 2016 financial year as part of
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