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Companies

Companies

Sales hit €433m at Boots Ireland as retailer enjoys post-Covid bounce

Revenues rose 14% at the company’s 90 Irish stores in 2021 as profits moved upwards
  • Donal MacNamee
  • July 1, 2022
Companies

Eddie Hobbs counts ‘economic war against Russia’ among main risks to his company

Profits at the company run by the outspoken financial adviser and former TV presenter nearly tripled in 2021
  • Donal MacNamee
  • June 29, 2022
Companies

Three Ireland to create 175 jobs in Limerick

The company’s customer care centre in Castleroy was established 20 years ago and currently employs 400 people
  • Cónal Thomas
  • June 28, 2022
Companies

Former Glen Dimplex boss ups stake in Providence Resources

Sean O’Driscoll now holds 4.4 per cent of the shares in the oil and gas exploration company through his investment vehicle Roaring Waters
  • Barry J Whyte
  • June 25, 2022
Construction

Grenfell inquiry: Kingspan accused of being ‘unscrupulous player’ in building industry

Building firm accused of making misleading claims about its insulation product K15, as module of London fire probe concludes
  • Barry J Whyte
  • June 25, 2022
Profile

The spirited billionaire: Bill Goldring’s Sazerac and its latest Irish whiskey play

The owner of US drinks giant Sazerac, which owns a portfolio of brands from Southern Comfort to Paddy, has just bought the Lough Gill Distillery in Sligo for a reported $70 million
  • Barry J Whyte
  • June 25, 2022
Out of office

State to re-engage with unions over pay talks; US Fed chair issues recession warning

Your essential round-up of the latest business news
  • Donal MacNamee
  • June 22, 2022
Legal

Ganley’s Rivada being sued by Chinese-backed company

Kleo AG is claiming defamation, tortious interference and ‘xenophobic’ remarks in a media interview given by businessman Declan Ganley about his company Rivada Space Networks GmbH
  • Barry J Whyte
  • June 18, 2022
Legal

Defamation case against Malin follows founders’ lawsuit over conversion of €20m shares

It is understood the two cases relate to comments made in a stock exchange announcement on October 8, 2021, and an interview on radio station Newstalk in June 2021.
  • Barry J Whyte
  • June 18, 2022
Legal

Partner of man killed at meat plant takes legal action

Kildare Chilling Company is being sued as as the results of a HSA investigation into the death of Binak Cokaj are awaited
  • Barry J Whyte
  • June 18, 2022
Companies

Wayflyer plans to issue $2.5bn this year as new funding line launched

Scaler will provide funding lines to e-commerce businesses with annual revenues of $20 million or more
  • Donal MacNamee
  • June 16, 2022
Companies

Cosgrave’s Web Summit back in black as sales double post-Covid

Revenues at technology company hit €31m in 2021 but are still lagging behind pre-pandemic levels
  • Donal MacNamee
  • June 15, 2022
Companies

Money trail: Why Huawen’s clients want answers about their cash

The Huawen Foundation has successfully raised €50 million from Chinese investors wishing to avail of what is colloquially known as Ireland’s ‘cash for visas’ scheme
  • Barry J Whyte
  • June 11, 2022
Business

McGregor sets up company to launch new brand of stout

Forged Stout Limited was formed last week after the MMA star turned entrepreneur tweeted his intention to bring the drink to market
  • Barry J Whyte
  • June 11, 2022
Companies

Online learning platform SocialTalent targets multimillion-euro financing

The Dublin-based firm offers content to help train and develop recruiting teams, with clients including Cisco, Zalando and Disney
  • Charlie Taylor
  • June 11, 2022
Companies

Tesla’s Irish turnover hits €43.5m as Model 3 sales continue to spike

Irish arm of Elon Musk-founded company reported a slight drop in profits as it continued to expand its operations in this country
  • Donal MacNamee
  • June 10, 2022
Companies

Free Now boss says taxi shortage is due to rise in demand and fewer drivers

Niall Carson says there has been a huge surge in demand as more people have become more digitally native and moved to hailing taxis through apps
  • Ellie Donnelly
  • June 4, 2022
Companies

M&G scales back its stake in Providence Resources

The London fund has shrunk its holding to 8.99 per cent, as the Irish oil exploration firm awaits the go-ahead to finance an appraisal well at Barryroe oil field
  • Barry J Whyte
  • June 4, 2022
Companies

Canadian investor takes 3.5% stake in Hostelworld

A subsidiary owned by Prem Watsa has bought just over four million shares in the Irish hostel-booking company, at a cost of about £4m
  • Barry J Whyte
  • June 4, 2022
Business

High on ambition: Meet the Irish pilot seeking to develop the world’s biggest distillery in China

Converting the Chinese population from their favourite spirit baijiu to whiskey might be a big ask, but shareholder Stephen Alexander’s Nine Rivers Distillery aims not only to produce quality whiskey, but to start exporting non-whiskey products to Ireland, Britain and the US as early as next year
  • Barry J Whyte
  • June 4, 2022

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