Company Watch | Business Post

Hospitality Vat rate should be around 10%, says Dalata chief

The chief executive of Ireland’s largest hotel group says the Vat rate for the hospitality sector is lower in many European countries

BP's Irish CEO backs away from fossil fuel reductions after €26bn profits

The company made record profits after the cost of energy soared during 2022

Hvivo to make return to shareholders from strong 2022 results

Pharmaceutical services company expects full-year revenues of £50.6 million for 2022, a 30 per cent increase year-on-year

Profit conversion at Greencore ‘behind management expectations’

The Dublin-based company has been hit by the surge in inflation

Greencoat takes 22.5 per cent stake in Butendiek windfarm

The estimated €185 million deal, which will see Germany become the energy company’s second largest market, is expected to close in first quarter of year

Davy expects to upgrade Smurfit’s full year earnings forecast by 5 per cent

Upgrade of earnings forecast by analysts from €2.2 billion to €2.3 billion comes after strong Q3 performance from the Dublin-listed group

Spirits and cocktails had biggest post-Covid bounce, says C&C chief

David Forde, chief executive of C&C Group, said that the cost of living crisis could now lead drinkers to choose less expensive options such as beer and cider

Short and sweet for Cairn Homes as it awaits €100m profit for 2022

A ten-minute agm in Dublin last week, with no awkward questions or thorny issues in evidence, signalled how promising the future looks for the housebuilding firm

FBD’s post-pandemic agm tackles some thorny issues

Executives announced a dividend payout on the back of a €110 million profit, but were challenged on issues such as fallout from the business interruption claim controversy

Kingspan shares set to hit €120 despite ‘overhang’ from Grenfell Tower inquiry

Strong sales prompt upgrade of expected revenue for Cavan firm, though ongoing inquiry into London fire disaster means it remains vulnerable

Company Watch: Up, up and away again as Ryanair’s revenues soar by 83%

The airline is recovering quickly from the pandemic slump with more passengers, more routes and Michael O’Leary back in combative mood

Company Watch: Kingspan valued at €17.5bn after ‘exceptional performance’

The Cavan-based insulation and materials giant has posted record sales and profits driven by demand in the global construction sector

Kenmare’s mega plant move pays dividends for mining firm

Strong half-year results show that relocating its plant to the Mozambique coast was an inspired decision

Company Watch: PTSB’s Ulster Bank deal gives it one last chance to become a major player

The acquisition could bring the bank’s share of the mortgage market up to 23 per cent, while giving it greater access to the SME and broader business sectors

Company Watch: What didn’t kill Ryanair made it stronger

The low-cost airline has emerged from the pandemic fighting fit and ready to benefit from the woes of less fortunate rivals

Lorcan Allen: Time is running out for farmers to buy Kerry Group’s dairy arm

Talks between the farmer-controlled Kerry Co-op and the Kerry Group broke down in April. The group has restructured its dairy business and will probably try to sell it this year, but unless the Co-op can reorganise itself to return to negotiations, it may lose out