News | Business Post

Dublin GAA can match AIG’s millions with a new sponsor, according to experts

Fruitful ten-year partnership worth a reported €800,000 a year due to finish at end of this year

Stripe valuation cut as Principal marks down its stake while Collisons consider IPO

Revaluation means the online payments company is now valued at $63 billion compared to a March 2021 high of $95 billion

Company behind Webdoctor.ie valued at €62m after major US firm invests

ResMed, a healthcare business with 8,000 staff, invested €7m in the Dublin organisation

Goldman Sachs slashes CEO’s pay by 30% to $25m

David Solomon conceded the firm pushed too quickly to expand as it embarked on one of its biggest rounds of job cuts ever this year

Push for eviction ban to be extended as number of homeless hits new high

Chief executive of Depaul says continuing the eviction ban beyond the end of March is necessary to ease the pressure on housing services

Eyewear firm founded by Robbie Henshaw is wound up

The Leinster and Ireland rugby player set up Henshaw Eyewear in 2017 but subsequently sold his stake in the company

Officials find no need for orbital Luas line around Dublin

However, there are plans to examine the issue again some time in the 2030s

Lifestyle Sports directors share €600k as profits more than double

The retailer enjoyed a successful 2022, reporting a strong rise in sales

End in sight for mortgage holders as interest rate hikes to peak in May

Monthly tracker repayments have surged as officials have increased rates in response to surging inflation

Gender Equality

Dublin ranked 23rd out of 55 cities for women entrepreneurs

Capital city described as a ‘consistent improver’ when it comes to attracting and fostering women entrepreneurs

Irish radio outperforms other media sectors with €158.1m advertising revenues in 2022

Revenues rose 9 per cent across radio last year, ahead of the overall advertising market, according to a new report

Intel cuts forecast for next year as revenues slump

Chipmaker has cut jobs in Ireland and around the world and predicts Q1 revenues $3bn below analysts’ expectations

Commercial Property

Private equity investors turn away from buying Dublin pubs

Buyers may instead look at regional pubs after acquiring many prime Dublin sites in 2021

Higher Education

Maynooth University spent €1.6m on student centre before scrapping it due to spiralling costs

University is considering legal action to recover money spent on the now-scrapped project but says it won’t need any exchequer funding

Irish business face falling valuations as interest rates rise, Waterland boss predicts

Laura Dillion, managing director and principal of the Irish arm of private equity firm Waterland, said rising interest rates and ongoing economic uncertainty meant business valuations would have to fall in 2023

Stripe weighing plans to go public within 12 months

Company also considering whether or to allow employees to sell shares in a private-market transaction as an alternative to listing

Vhi to raise premiums by 4.8% amid inflation and rising demand for healthcare

Increase will add more than €180 to the annual cost of health insurance for some families

NI Protocol ‘perhaps least well-done’ negotiation in modern history - John Major

Former British PM tells Oireachtas committee that protocol ‘has to be put right and the sooner it is put right the better’

Darragh O’Brien: new planning laws will bring confidence and transparency

Landmark bill aims to create a faster and more effective planning system after controversy and criticism of current rules

Michael McGrath: Ireland and UK are determined to reach Brexit agreement

The finance minister has met with Jeremy Hunt, the British Chancellor, as hope grows for an agreement on the Northern Ireland Protocol