Covid-19 | Business Post

Expert signals end to ‘corporate wonderland’ for failing firms

Graham Kenny, a partner at Eversheds-Sutherland, warns of a wave of insolvencies as state supports and creditor forbearance evaporate

The Big Interview

'We're pulling all the levers to get drivers, but every bus operator is recruiting too' - Dervla McKay, Aircoach

The managing director of Aircoach says business is now bouncing back but that it’s very difficult to recruit enough drivers, as with the unsociable hours involved, the pandemic has made people reassess their priorities

Twitter stops policing Covid-19 misinformation under Musk

More than 11,000 accounts had been suspended and over 97,000 pieces of misleading content removed from the time Twitter introduced its policy in January 2020

Operating profit at Aldi Ireland down 45% as company eyes Dublin expansion

Company’s turnover in Ireland grew by 1 per cent to just over €2 billion in 2021

The Big Interview

‘For our HQ, I was always going to have to be talked out of Ireland’ – Leo Sheridan, Advanced Clinical

Leo Sheridan’s Advanced Clinical, which carries out research trials on new drugs, is expanding into Ireland and the Chicago entrepreneur plans to bring the company’s new international headquarters to Dublin

Irish ICUs performed better than UK for treating Covid patients

However, a new study also found patients were generally sicker on admission to intensive care

Businesses face new year shock as Revenue sends in the sheriffs

Revenue sheriffs will seek to collect as much as €500 million in outstanding tax debt in Q1 of 2023 – just as firms struggle to cope with high fuel costs and the cost of living crisis

Pfizer briefed Irish politicians against waiver of patents on Covid vaccines

Emails show the company emphasised on-the-ground supply issues facing poorer countries ahead of a global decision on IP rights which divided activists and the pharmaceutical industry

Microsoft exec says lengthening of working day is happening flexibly

Jared Spataro, corporate vice-president for modern work at the tech giant, was was speaking last week on a visit to its Dublin office

Open Orphan founder says Covid-19 ‘is over’

Cathal Friel, the head of the pharma firm, has contradicted official advice to isolate, and says the virus should now be treated like a cold or flu

Joe Walsh Tours directors sued over €3m settlement default

Recovery agency says it entered into repayment agreement before the Covid-19 pandemic but firm subsequently went into liquidation

Corporate insolvencies expected to rise 36%

Businesses in the services sector in Ireland account for the highest proportion of corporate insolvencies with 195 in the first nine months of the year

Insomnia plans to open up to eight cafés per year in plan to target suburbs and towns

Coffee shop company to focus its five-year expansion plans in regions like Kilkenny, Cavan, Mullingar and Mallow, says chief executive Harry O’Kelly

Rehab facility: We’re treating record numbers of addiction cases

Coolmine chief executive Pauline McKeown expects further rise in numbers as inflation makes more people vulnerable through social deprivation

Higher Education

Top university tells staff to ‘strongly recommend’ mask-wearing amid concern over future Covid surge

Trinity said Covid was likely to ‘continue to interrupt our plans for normal functioning in the coming months’, with several other universities also preparing contingency plans if cases rise

Hostelworld expects to report positive earnings in second half of 2022

Company reports adjusted loss of €5.2m for first half of the year, down from €9.7m in the same period of 2021 as travel sector continues to recover from pandemic

Department of the Taoiseach spent €12m on Covid-19 public communications in 2021

Spending was down €4.8m from 2020

Gloomy outlook for consumer confidence, says new RedC research

The quarterly Consumer Mood Monitor has found that Irish people are deeply concerned about rocketing prices in all sectors of industry

Company Watch: FBD hoping for business as usual in wake of pub claims controversy

Last week’s half-year results show the insurer in robust health, with underwriting profits up 165 per cent, a 6 per cent rise in premiums, and claims costs down thanks to new personal injury guidelines

The Big Interview

‘The second supply chain revolution is only beginning, driven by data’ – David Warrick of Overhaul

Consumer behaviour has changed radically in the last few years and supply chains have struggled to adapt in a period of global flux – but there are new and better ways of doing things, says David Warrick of Overhaul