Business News

More Irish companies sign low carbon pledge

23rd June 2022

70 of Ireland’s biggest companies have now committed to setting carbon-reduction targets based on climate science, by signing a low-carbon pledge overseen by Business in the Community Ireland (BITCI), a not for profit organisation. The number of companies signed up to the pledge has increased from 47 in 2019, when it was first launched. Companies […]

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AIB set for record tracker mortgage fine from Central Bank

23rd June 2022

The Central Bank is set to hit AIB with a record fine later today for its role in the tracker mortgage issue. The banking group, which includes EBS, is said to have set aside €70m to cover the fine, which resulted from an enforcement investigation that has been running since 2017. Over 9,000 AIB customers […]

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AIB set for record tracker mortgage fine from Central Bank

23rd June 2022

The Central Bank is set to hit AIB with a record fine later today for its role in the tracker mortgage issue. The banking group, which includes EBS, is said to have set aside €70m to cover the fine, which resulted from an enforcement investigation that has been running since 2017. Over 9,000 AIB customers […]

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Ireland and Denmark most expensive countries in EU – Eurostat

21st June 2022

Ireland and Denmark had the highest price levels for consumer goods and services across the EU in 2021, according to Eurostat. The EU’s statistics agency published data today showing price levels here and in Denmark were 140% of the EU average. The lowest prices levels were in Romania and Bulgaria at 56% of the average. […]

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AIB’s €400m non-performing loan sale cuts NPE ratio to 4.4%

21st June 2022

AIB has sold a non-performing loan portfolio in long-term default to Everyday Finance, part of a consortium that includes Everyday, affiliates of Cerberus Capital Management and LCM Partners Limited. AIB said the €400m loan sale cuts its non-performing loan ratio to 4.4%. It added that it remains on track to reach its 3% target by […]

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Lidl launches new EV and HVO vehicles into Irish fleet

21st June 2022

Lidl has today started the rollout of its first electrical truck and hydrogenated vegetable oil (HVO) heavy goods vehicle (HGV) into its logistics fleet. The pilot scheme will see the sustainably powered vehicles join Lidl’s logistic fleet at its Newbridge Regional Distribution Centre. It marks the start of the retailer’s transition from fossil fuel commercial […]

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Kingspan seeing ‘significant’ dip in May and June orders

20th June 2022

Building insulation specialist Kingspan said today it had seen the mood in most end markets deteriorate over the last two months with order intake volume down significantly year-on-year in May and June. But orders were still up this month and last on the same pre-pandemic time in 2019. The Co Cavan-based firm said today that […]

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Primark to trial click & collect service in UK

20th June 2022

Budget fashion chain Primark will trial a Click & Collect service on children’s products in the UK but said the move should not be seen as a precursor to an online delivery offer. Parent Associated British Foods said today the Click & Collect trial will take place in up to 25 stores in the northwest […]

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New €85m digital transition fund for businesses

20th June 2022

The Government has announced a new €85 million digital transition fund that will provide grant aid for businesses. The funding is designed to help companies develop new digital products, processes and services and will allow them invest in software, new equipment, staff training, automation and Artificial Intelligence (AI). €85 million in funding will be made […]

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HCS invests €3.2m to double its workforce and revenues

17th June 2022

IT, security and telecoms company HCS is investing €3.2m to double the size of its workforce and business revenues within the next three years. HCS has started its recruitment programme and will grow its workforce to 60 over the next three years. Following the investment, HCS is forecasting increased annual revenues of €9m by 2025. […]

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