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‘Examiner’ owner in talks with INM over its future

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“The owner of the ‘Irish Examiner’ newspaper has reportedly held talks with Independent News & Media (INM) regarding the publication’s future, according to a report in yesterday’s ‘Sunday Times’. The Cork-based paper is owned by Landmark Media Investments, which is backed by Tom and Ted Crosbie. The newspaper has an average daily circulation of about […]

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Digicel to cut global workforce by 25pc

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“Irish-owned telecoms and communications group Digicel is to cut around a quarter of its staff globally over the next 18 months. Digicel employs about 6,000 people, meaning the company is looking to cut about 1,500 staff from its global workforce. The group, which announced the planned cuts last night, is active in 31 markets across […]

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Aer Lingus profits up by €109m in 2016

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“Operating profits at Aer Lingus were up by €109m on a like-for-like basis to €233m for 2016. Total revenue for last year at the Irish carrier was €1,776m, which represented a rise of 2.8pc. Aer Lingus was purchased by airline conglomerate IAG in 2015 and the group reported that capacity on Aer Lingus increased by […]

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Tech giant Microsoft to create 600 new jobs in Dublin

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“Microsoft is to create 500 jobs at its new sales centre in Dublin, with a further 100 positions across existing operations. The technology giant said the new jobs include roles in finance, operations, engineering and sales. Microsoft has had operations in Ireland since 1985. Over the years it has expanded operations to encompass three divisions […]

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Irish sports data firm gets $2m investment

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“Irish sports and data science company Orreco has secured a $2m (€1.9m) investment from the Silicon Valley-based True Ventures. The investment is a significant boon for the Irish company, which was set up in 2010 by doctors Brian Moore and Andrew Hodgson. True Ventures has previously invested in the highly successful activity tracker company Fitbit. […]

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House prices will keep on rising this year and next

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“A rise in disposable income, population growth and the Government’s help-to-buy scheme will also boost demand, says ratings agency Standard & Poor’s. It expects prices to rise by 7pc this year, with values also set to rise due to looser lending rules introduced last month by the Central Bank. And prices will rise by 5pc […]

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Competition sees SSE Airtricity profits fall 65pc

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“New accounts filed by SSE Airtricity Ltd show that the firm recorded the sharp drop in pre-tax profits from €38.6m to €13.4m in spite of revenues increasing by 3pc from €853m to €877m in the 12 months to the end of March last year. At the end of the period, SSE Airtricity was the second-largest […]

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