Business News

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 […]

Read More

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 […]

Read More

With banks wary, who will splash the cash?

24th April 2017

If the banks don’t have the capability or the appetite to finance enough houses, what other options are out there? Insurance broker JLT has been lobbying the Central Bank for some time for the introduction of a mortgage indemnity scheme, which would see insurance companies like JLT take on a portion of the risk on […]

Read More

Brexit ‘victims’ meet today as Taoiseach to talk strategy with Dutch and Danish PMs

21st April 2017

TAOISEACH Enda Kenny is today meeting with the prime ministers of the Netherlands and Denmark, two of the other EU countries expected to be worst hit by the impact of Brexit. Mr Kenny will discuss the strategy for the upcoming talks on Britain leaving the EU with Dutch leader Mark Rutte and Danish prime minister […]

Read More

Brexit firms must be managed in Ireland – Central Bank

21st April 2017

Financial firms looking to relocate due to Brexit must demonstrate that local management will be accountable for decision-making and that operations can be effectively supervised, the Central Bank has said. The regulator reiterated its desire for “real financial services” adding that it was actively engaging with all firms that have expressed an interest in moving […]

Read More

Age of first-time buyers rises as housing supply fails to increase

21st April 2017

The average age at which people buy their first home has rocketed to 35, with thousands of families trapped in unsuitable accommodation. A report from the Central Statistics Office (CSO) shows the age at which most people own their home has increased by seven years since 2006, with renting the most common form of housing […]

Read More

AIB appoints NTMA’s Hannigan as CRO

20th April 2017

AIB has appointed Deirdre Hannigan as its new chief risk officer. Ms Hannigan, pictured, has worked with GE, Rabobank, Bank of Ireland and most recently as chief risk officer of the National Treasury Management Agency. She is a fellow of the Association of Chartered Certified Accountants and the Institute of Bankers as well as an […]

Read More

€100m ISIF-backed joint venture bankrolls four office developments

20th April 2017

A funding platform that’s a joint venture between the Ireland Strategic Investment Fund (ISIF) and US-based Quadrant Real Estate has contributed to loan facilities totalling €238.4m used to bankroll the construction of four office developments here, according to accounts filed for the venture. Qrea Financing said that the commitments have been made since June last […]

Read More

Four in 10 firms failing to address data law changes

20th April 2017

Four out of 10 businesses have not initiated plans to implement the upcoming General Data Protection Regulation (GDPR). Fewer than one in 10 CEO’s, IT and privacy managers surveyed by independent.ie said their company’s plans for compliance with the new data protection law are at an advanced stage. The GDPR will become law across the […]

Read More

Taking stock of the man who put Ireland’s exchange on global map

19th April 2017

Tom Healy rescued the Irish Stock Exchange from the threat of extinction, transforming the Dublin market from a sleepy backwater into one of the one of the leading destinations for international listed funds and debt securities. When he was appointed chief executive of the Irish Stock Exchange (ISE) in 1987, Dublin was struggling and looked […]

Read More