Companies | Business Post

Younger people more productive working in office setting, survey suggests

Those aged 18 to 24 also reported greater difficulties with switching off compared to those over 35, research from iReach shows

Out of Office: Novartis slash 8,000 roles; Donohoe rules out emergency budget

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Irish meat alternative producer Thank Plants receives €400,000 Redesdale investment

Rose Hynes, director of Dole plc, will also join the board of the plant-based start-up

BGF invests additional £10m in Lisburn-based Mzuri Group

UK and Ireland-based growth capital investor has poured an additional £10 million into Northern Irish window blind maker following its 2020 investment of £10 million

Out of Office: Government launches €55m Green Transition fund; Global banks hike interest rates

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Gender equality

Women must comprise 40% of public company boards by 2026

European Parliament has approved the Women on Boards directive 10 years after it was first proposed

Out of Office: World Bank warns of recession threat; AIB completes €91m share buyback

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Long serving Kenmare financial officer to retire

Tony McCluskey to step down after more than 30 years at the Irish-listed mining company

Out of Office: Eurozone inflation hits 7.4% in April; EC offers additional €9bn in loans to Ukraine

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Center Parcs owner injects €13.7m into resort as Covid slashes revenue

Longford resort posted €16m after-tax loss last year but predicts rebound in 2022

Domino’s pizza franchise pays bumper dividend as turnover tops €60m

Shorecal paid a €22 million dividend to shareholders but trimmed staff numbers by nearly 15%

Energy supplier UrbanVolt secures €36m debt facility

Company’s clients include Dutch brewer Heineken and pharma giant Pfizer

Analysts to upgrade Hostelworld forecasts as recovery continues

Booking demand into Europe is almost back to 2019 levels and in some places has even exceeded them, and all destinations are seeing an uptick

Cork-based smart sourcing firm Keelvar secures $24m in investment

University College Cork spin-out helps the like of Coca-Cola and Tesco deal with supply chain disruptions

General Electric moves to wind up Irish entity that sent $65bn to US

The multinational has filed a notice to liquidate an Irish subsidiary and shifted money stateside, as many others have done following Trump tax incentive

Dalton Philips departs daa to become Greencore chief executive

Philips will take up his new role at the convenience food giant in September, replacing Patrick Coveney who left at the end of March

O’Leary Insurance slips into red as wage bill spikes after €100m sale of firm to US broker

The country’s largest independent brokerage group, bought by Brown & Brown in 2020, grew its turnover last year but fell into the red as wages increased to €10.7m from €7.8m

Business confidence slumps amid inflation and supply issues

Institute of Directors report finds more than half of directors are more pessimistic about the economy than in late 2021

Hostelworld says recovery continuing ‘across all destinations’

Demand for travel to Europe back to 2019 levels, according to the online booking platform

Medtech manufacturer Arrotek to create 100 jobs in Sligo

Company to build 20,000 square foot extension to headquarters