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Lorcan Allen

@lorcan-allen
Lorcan Allen is Business Editor at the Business Post
Big Read

Revealed: The bottlenecks choking progress in housing, transport, planning, energy and water

A Business Post special report into the obstacles facing Ireland’s infrastructural ambitions
  • Lorcan Allen,
  • Daniel Murray,
  • Killian Woodsand
  • Catherine Sanz
  • May 14, 2023
BP Exclusive

Gridlock: Special report into a decade of underinvestment in crucial infrastructure

Underinvestment has left the country’s power, water, housing and transport systems at breaking point while an industry source described Ireland’s slow movement on infrastructure in the last decade as akin to ‘economic treason’
  • Lorcan Allenand
  • Daniel Murray
  • May 14, 2023
Infrastructure

How Ireland is teetering on the brink with power, water and housing all near breaking point

Major acceleration is needed if Ireland is to deliver the critical infrastructure in the €165bn National Development Plan
  • Lorcan Allen,
  • Daniel Murray,
  • Killian Woodsand
  • Catherine Sanz
  • May 14, 2023
Energy

UK energy giant in talks with Echelon over Arklow Bank offshore wind farm

Despite losing out in last week’s first-ever Irish offshore wind auction, the British energy giant says the project could generate its first power in 2028
  • Lorcan Allen
  • May 14, 2023
food

Food industry hits out at plan to force supermarkets to reveal profit margins

Proposed food ombudsman would have powers to probe suspected unfair trading practices as chains are accused of price gouging
  • Michael Brennanand
  • Lorcan Allen
  • May 14, 2023
Tech

Apple paid five times more tax in Ireland last year than in the decade under European Commission investigation

Analysis by the Business Post shows US tech giant handed over up to €4bn compared to €580m in the years from 2003 to 2014
  • Lorcan Allen
  • May 14, 2023
Energy

Four projects awarded contracts under the state’s first ever offshore wind auction

In what is a landmark moment for Ireland, four projects have made successful bids in the first offshore energy support auction that will deliver over 3,000 megawatts of clean, renewable offshore wind
  • Lorcan Allen
  • May 11, 2023
Companies

Ireland’s largest dairy co-op reports record sales of more than €3bn for 2022

Tirlán, the Kilkenny headquartered farmer co-op, recorded double digit sales and profit growth last year on the back of record food commodity prices
  • Lorcan Allen
  • May 10, 2023
Tech

ESB unaware it was undercharging Meta until tech giant tipped it off

The energy regulator is investigating if there is a ‘systemic’ problem with ESB’s billing system after Business Post revelation
  • Lorcan Allen
  • May 9, 2023
Pharma

Sterling Pharma to invest €30m in Ringaskiddy site and treble production

Company plans to boost headcount to manage increased production capacity
  • Lorcan Allen
  • May 7, 2023
MedTech

Dexcom’s €300m Galway investment is only the start, company says

The firm announced creation of up to 1,000 jobs in its Athenry medical device manufacturing facility
  • Lorcan Allen
  • May 7, 2023
Companies

The €100m club – Ireland’s top 30 executives enjoy bumper pay packets

Business Post analysis shows that chief executive packages at listed companies grew by 4 per cent last year
  • Lorcan Allen
  • May 7, 2023
Energy

Irish auction set to be world’s most expensive for offshore wind energy

The price tag is expected to be close to €150 per megawatt hour, which is three times more expensive than the latest sale in Scotland and far higher than other European countries
  • Lorcan Allen
  • May 7, 2023
Energy

ESB error led to Meta being undercharged for 18 months

Tech giant has not been fully charged for use of millions of euro-worth of power at Clonee data centre due to substation technical fault
  • Lorcan Allen
  • May 7, 2023
MedTech

US medtech company Dexcom to invest €300m in new Athenry manufacturing facility

The new medical device plant will be Dexcom’s first manufacturing facility in Europe and will create up to 1,000 high skilled jobs over the next five years
  • Lorcan Allen
  • May 5, 2023
Stock Take

Revolut devaluation is just the latest sign that private markets are still correcting

Private investment houses that sank money into tech firms over the last three years when valuations hit record highs are now looking at portfolios that are worth far less
  • Lorcan Allen
  • April 30, 2023
Companies

Kerrygold sales top €1.6 billion as Cork plant doubles capacity

Dairy co-op Ornua generated overall group sales of more than €3.4 billion last year – though profit margins squeezed to ease inflation pressure on customers
  • Lorcan Allen
  • April 30, 2023
Housing

Farmers face €100,000 bills under residential land tax plan

Irish Farmers Association estimates hundreds of its members could be hit with 3 per cent annual levy of market value
  • Lorcan Allenand
  • Michael Brennan
  • April 30, 2023
Housing

Two housing projects by Indian construction giant stall over unpaid bills

Shapoorji Pallonji owes up to €2 million to a range of trade creditors, who sources say risk ‘being burned’ if it exits Irish market
  • Lorcan Allen
  • April 30, 2023
Markets

Lorcan Allen: Irish investors can have no complaints as Flutter and CRH flee to pursue US listings

The Irish building materials firm plans to move its main stock market listing to New York, to capitalise on a ‘golden age’ of infrastructure building
  • Lorcan Allen
  • April 29, 2023

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