Lorcan Allen | Business Post

Lorcan Allen

@lorcan-allen

Lorcan Allen is Business Editor at the Business Post

Cost of AstraZeneca’s next-gen Dublin project may top €600m

Manufacturing facility likely to be much larger than initially planned

Pfizer chief: €1.2 billion Irish investment is just the start

Mike McDermott, chief global supply officer and executive vice-president, says Pfizer will continue to invest in its Irish operations beyond the major Grange Castle investment announced last week

‘I wanted to prove that I wasn’t just a daddy’s boy’: easyJet founder on building a legacy

Stelios Haji-Ioannou, the son of a shipping magnate, set out to prove he could make it on his own as well as build a world-famous brand by setting up an airline. It was called easyJet. Here he talks exclusively to the Business Post

Up to 500 jobs to be created at Pfizer’s new ‘state of the art’ Dublin plant

The company will invest €1.2 billion in the facility, which is expected to be completed by 2027

Horseware Ireland records double-digit growth for 2021

The Dundalk-based equestrian accessories company is majority controlled by private equity group Lonsdale Capital Partners, which paid over €47 million to acquire a 70 per cent stake in early 2021

Bord na Móna chief: offshore wind projects ‘a natural evolution’ for semi-state

Two projects off east and south-east coast will cost €6 billion in joint venture with Spanish developer Ocean Winds

Horizon gets green light for €1bn biopharma factory

Global pharma firm Horizon Therapeutics has received planning permission to develop Waterford biopharmaceutical plant

Planning system set for radical overhaul under new legislation

Consolidated Planning Bill aims to speed up An Bord Pleanála process and reduce the number of judicial review challenges

Moving on: Is our property pipeline in jeopardy?

The retreat of institutional investors from the Irish property market – due to a combination of issues such as project viability concerns and rising bond yields – has significant implications for government housing targets

Bord na Móna unveils plans for two multibillion-euro offshore wind projects

Move into offshore wind marks a new departure for the semi-state company, which traces its history back to harvesting peat from the bogs of Ireland to fuel a number of peat-fired power stations in the midlands

New co-ops law will allow CEA to sanction directors

Bill to replace current 100-year-old rules will clarify fiduciary duties, says industry body chief executive, but proposed merger rules may be problematic

ISIF to inject €50m into venture capital firms led by women

Just 5 per cent of managing partners in European investment firms are female, compared to 15 per cent in the US

More food price hikes on the way, says grocery consultant

Strength of dollar blamed as costs of packaging and ingredients bought by companies from international markets rise

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

Global supply chains still ‘unpredictable’, but improving

Sheri Lewis of Avantor, a US chemicals and materials company which has just opened a specialised distribution centre in Dublin, sees lead times shortening and costs coming down, ‘but it’s still quite fragile’

Institutional investment in Irish property to ‘fall sharply’ in 2023, report predicts

Experts forecast ‘very tough year’ for property markets in Ireland and across Europe

The risk of recession: is Ireland headed for a new downturn?

All barometers point to a coming recession in Europe, with a number of key indicators ‘flashing red’. Ireland, however, is heading into this period of uncertainty on a stronger economic footing than it was in 2008

State fund to kickstart €1bn biomethane sector

ISIF to pump €200 million into farm-based alternative to fossil gas, which supplies more than a fifth of renewable energy in other EU states

Legal challenge launched over Aughinish Alumina waste dump

Environmental Trust Ireland has lodged proceedings against An Bord Pleanála’s decision to allow the metal refinery to expand ‘red mud’ storage

Eli Lilly’s investment in new biopharma plant will be at least €1.2 billion

Amount that US pharma giant is investing in Limerick facility is much more than originally thought, as scale and fit-out of campus emerges