Business News

Embarrassment for AIB as bank fined €2.3m for breach of money laundering rules

26th April 2017

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 […]

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Irish firms are finally facing up to Brexit – EI chief Sinnamon

26th April 2017

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 […]

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Irish firms are finally facing up to Brexit – EI chief Sinnamon

26th April 2017

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 […]

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Scheme to encourage more IPOs is launched

26th April 2017

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 […]

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SME office culture top with workers

25th April 2017

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 […]

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Long term renters urged to look at protection similar to mortgage holders

25th April 2017

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 […]

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Ardagh Group disagrees with US jury verdict in patent infringement case

25th April 2017

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 […]

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Irish medtech firm in US partnership

24th April 2017

Irish med tech firm Diaceutics has announced a five-year multi-million euro partnership with US-based BioReference Laboratories. The partnership will see Diaceutics acquire real-time testing data from BioReference, allowing it to help pharmaceutical companies achieve faster rollouts of new drugs through a better understanding of the US diagnostics market. “Diagnostic data from laboratories like BioReference helps […]

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Ring-fence CT take for investment – Ibec

24th April 2017

Gains from corporate tax receipts should be ring-fenced for much-needed capital investment, rather than built into the base of current spending, the country’s biggest business body has argued. Ibec, in its submission to a Government review of the corporate tax code, claimed that building gains into current Government spending will leave the State vulnerable to […]

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Ring-fence CT take for investment – Ibec

24th April 2017

Gains from corporate tax receipts should be ring-fenced for much-needed capital investment, rather than built into the base of current spending, the country’s biggest business body has argued. Ibec, in its submission to a Government review of the corporate tax code, claimed that building gains into current Government spending will leave the State vulnerable to […]

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