Quinn Industrial Holdings swings back into profit

Full-year turnover up 25% to €203m from €161.7m as ebitda increases by 168% Quinn Industrial Holdings, the group that took over certain manufacturing operations that were formerly part of the Quinn Group, is back in black after turning a €14.6 million loss into a €5.9 million profit last year. New figures published by the group […]

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No deal between Greece and lenders delaying vital debt relief talks

There will be no deal between Greece and its lenders on Friday that would unlock loans and enable vital debt relief talks, despite some progress on the reforms Athens must implement in exchange, euro zone and IMF officials said on Friday. “Don’t expect any deals today,” the chairman of euro zone finance ministers Jeroen Dijsselbloem […]

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Opko Health creates 200 jobs in Waterford

Opko Health, a diversified healthcare company, is to create create 200 jobs over the next five years through the expansion of its subsidiary, the EirGen Pharma facility in Westside Business Park in Waterford. It is also establishing a new product development centre in the Waterford Business and Technology Park. The company is locating in the […]

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Irish businesses paying 80pc more for loans than euro zone average – National Competitiveness Council’s damning report

Irish businesses paying 80pc more for loans than euro zone average – National Competitiveness Council’s damning report IRISH businesses are paying 80pc more for loans than the euro zone average, a damning report from the National Competitiveness Council has warned. In its annual Cost of Doing Business in Ireland report, it added that there are […]

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Strong interest in Gaelectric’s €350m wind farm assets in disposal plan

Up to 20 expressions of interest have been received for Gaelectric’s wind farm portfolio, which is likely to have an equity value of between €250m and €350m, the Irish Independent understands. The enterprise value of the wind farms, which includes debt, is likely to be around €750m. It’s believed that a range of potential buyers, […]

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Euromillions winner Dolores McNamara outbid by Irish Life for €46m retail park

Euromillions jackpot winner Dolores McNamara has lost out in a €46m bidding war with an Irish commercial property giant, for one of the country’s largest retail parks. The mum of six from Garryowen, Limerick, who won the €115m lottery bonanza in 2005, has been outbid by Irish Life for the Childers Road Retail Park, located […]

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Exports down 7% in February, as imports rise 9%

Trade surplus declines by 21% from January to February to €3.77bn, CSO data show Exports fell by €616 million or 7 per cent to €8.75 billion from January to February, new figures from the Central Statistics Office (CSO). At the same time, imports rose by €409 million or 9 per cent to €4.98 million leading […]

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400 jobs to be created at new biotech plant in Co Meath

Some 400 jobs are to be created with the expansion of a pharmaceutical company in Co Meath. Shire said the roles will be created at a new biotechnology plant on a 120-acre site at Piercetown as part of a 354 million euro investment. Flemming Ornskov, chief executive of the firm, said the campus will be […]

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Roche family increase stake in NTR Plc after €131.8m buyback

Some 56.6 million shares redeemed by company at a cost of €2.25 per share The family of NTR Plc chairman Tom Roche now own over 96 per cent of the wind energy company after it spent €131.8 million buying back shares in the business. Some 56.6 million shares were redeemed by the company under the […]

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Government raises €750m in 10-year bond auction

THE Government has raised €750m in a 10-year bond auction. According to the National Treasury Management Agency (NTMA), the auction was completed at a yield of 0.817pc. Total bids received amounted to €1.774bn which was 2.4 times the amount on offer. Including today’s transaction, the NTMA has raised €4.75bn from its stated target range of […]

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