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Company Watch

Company Watch

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
  • Ellie Donnelly
  • March 6, 2023
Energy

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
  • Ellie Donnelly and
  • Bloomberg
  • February 7, 2023
Companies

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
  • Ellie Donnelly
  • January 29, 2023
food

Profit conversion at Greencore ‘behind management expectations’

The Dublin-based company has been hit by the surge in inflation
  • Ellie Donnelly
  • January 26, 2023
Company Watch

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
  • Ellie Donnelly
  • January 7, 2023
Company Watch

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
  • Ellie Donnelly
  • November 5, 2022
Company Watch

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
  • Ellie Donnelly
  • October 29, 2022
Company Watch

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
  • Ellie Donnelly
  • May 15, 2022

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
  • Peter O'Dwyer
  • May 15, 2022

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
  • Barry J Whyte
  • November 14, 2021

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
  • Peter O'Dwyer
  • November 7, 2021

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
  • Lorcan Allen
  • August 22, 2021

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
  • Lorcan Allen
  • August 22, 2021

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
  • Peter O'Dwyer
  • August 1, 2021

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
  • Peter O'Dwyer
  • August 1, 2021

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
  • Lorcan Allen
  • July 4, 2021

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