Out of office: Your essential round-up of the latest business news
AIB started a formal consultation with the Financial Services Union today on its plans to cut its workforce by up to 1,500 by 2023, according to the union. The bank had said in early December that it would move in early 2021 to reopen a redundancy programme that had been stalled last year as a result of the Covid-19 crisis. It also outlined plans at the time to exit some Dublin head office locations, merge...
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Kerry Group’s steady results signal global bounceback
The company has announced the sale of some of Ireland’s oldest food brands, such as Denny and Galtee, to US food giant Pilgrim’s Pride
Kinney boosts stake in Irish Ferries parent group by €9m
The low-profile Chicago-based investor’s firm, Kinney Asset Management, now holds €60 million-worth of shares in Irish Continental Group
Revenues at Virgin Media grow 3% to €224 million in first half of 2020
Data use across the company’s network almost double as internet played a key role in remote working, education and entertainment during pandemic while TV subscriptions also increased