Out of office: Your essential round-up of the latest business news
Enterprise Ireland invested more than €48 million in Irish start-ups last year – the highest level of funding that the state agency has awarded to early-stage companies. The increase in funding was due to the introduction of the Covid-19 Sustaining Enterprise Fund and an increase in follow-on investments to help so-called high-potential start-ups. Enterprise Ireland supported 125 new start-up companies in 2020, which almost matches the 127 businesses which secured investment in 2019.
Microchip Technology is investing...
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Niamh Brennan: Davy’s double-dealing sees its trust rating take a big hit
The revelation that 16 executives at the stockbroking firm were deceiving a client demands more than wishy-washy statements and assurances
Spanish hedge fund spends £7m to boost stake in Tullow Oil
Tullow’s shares have nearly doubled in value since start of year as it seeks to reduce its $2.4 billion debt
Flutter chief declares his firm is now number one in America
The bookmaker’s sales rose to £4.4 billion after a merger with Canadian firm the Stars Group, and a greater stake in FanDuel, while customer numbers rose to 7.1 million a month in the second half of 2020