Company Watch Hostelworld profits up as global travel sector bounces backRevenue for first quarter hits 115 per cent of pre-Covid levels after cost-cutting measures and recovery of tourism in Europe, Asia and Oceania
Company Watch Keyword Studios relocated over 400 employees from Russia in 2022After the Russian invasion of Ukraine, Keywords, which has its HQ in Dublin, began the process of relocating most of its staff to countries like Poland, Serbia, Armenia and Malta
Company Watch Hospitality Vat rate should be around 10%, says Dalata chiefThe chief executive of Ireland’s largest hotel group says the Vat rate for the hospitality sector is lower in many European countries
Housing Shrink gardens to cut house prices says Glenveagh bossStephen Garvey said the listed housebuilder was frustrated at delays to new guidelines that could shrink garden sizes by up to a third
Company Watch Edmond Scanlon says Kerry Group ‘well positioned’ in plant-based products marketThe firm slowed down launch of new products in the second half of last year in order to refine its current offering in the vegetarian and flexitarian market
Company Watch FD Technologies continues with its graduate hiring strategyThe Newry-basd tech firm is a ‘great place for grads to find their first experience of work’, with its two-year structured training programme
Company Watch Cairn Homes in ‘unique position’ in undersupplied Irish market, say analysts Fears around inflation have depressed valuations and the housing group’s share price ‘is not adequately reflected in its current valuation’
Company Watch Dalata rules out buying old hotels as it continues expansion Irish company behind Maldron and Clayton brands is building new hotels in five cities in Britain and has its eye on Europe
Company Watch Company Watch: Kenmare profits riding high on buoyant mineral pricesThe Irish mining company said low production volumes in the first half of the year had been offset by record prices for titanium minerals
Company Watch Peter O’Dwyer: Flutter’s focus moves Stateside as it eyes potential American richesRecent comments by the gambling giant’s chief executive Peter Jackson indicate that it is pivoting away from its traditional base of Britain and Ireland
Company watch: Bookings boost for Hostelworld but Ukraine war casts a shadowWith net revenue up 10 per cent, the online travel agent remains cautiously optimistic, though concerns remain over Ukraine effect on fuel prices
Company Watch: DCC’s US expansion continues after record $610m deal to acquire AlmoThe eye-watering purchase of the US electronics company is just the latest example of DCC’s longstanding fondness for big-ticket acquisitions
Company Watch: Greencore takes stock after surprise departure of chief executivePatrick Coveney’s generally successful tenure at Greencore, during which time it grew into Britain’s leading convenience food business, will be marred by the failed attempt to conquer the US
Material cost rises will cause small distillers to struggle, Pat Cooney saysAward-winning Boann Distillery has pushed for a wider definition of Irish pot still whiskey to allow for industry to become more innovative as market consolidates
Company Watch: Aer Lingus hopes for post-Covid take-off as US flights sell outThe airline has lost €270 million so far this year, but is optimistic that it can slowly return to normal now the US is opening up for travel
Company watch: Smurfit Kappa deftly dodges trap of surging wood pulp pricesThe packaging giant has thrived, reporting a 10 per cent year-on-year increase in profits
Company watch: As profits double in one year, Cairn positions itself to become a ‘national housebuilder’The construction company’s interim results reveal operating profit of €11.7 million in the first half of the year, while several large housing developments are on the way in Cork, Kilkenny and Galway
Company Watch: Crowley hopeful of healthy outlook for Dalata as restrictions easeThe hotel group took a battering during the pandemic, but its incoming chief executive is optimistic of better times ahead
CRH reports impressive results against against multiple rising costs Ireland’s biggest company, which is also the biggest supplier of asphalt in the United States, recorded a 25 per cent jump in earnings to $2 billion and a dividend rise of 4.5 per cent to 23c per share
Company Watch: Flutter spends big to win big in the USThe bookmaker is spending $291 on average to attract each American customer, but the tactic looks likely to place it far ahead of all its competitors when the dust settles
