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News

Dalata revenue soars 185pc as firm records €28.5m profit

Revenue at Dalata, Ireland’s largest hotel operator, soared 185pc up to €225.7m last year as the firm reported a pre-tax profit of €28.5m.

Stocks surge, dollar rises after strong US data

Upbeat US manufacturing data and another jump in oil prices on Tuesday pushed a leading gauge of global stocks to its highest in nearly two months.

Wall St and European markets consolidate gains

Reduced fears over slowdown in American economy also a factor

European Commission releases ‘remarkable’ rebound of economy report but is damning on public services

The publication of a damning report on Ireland’s public services was delayed until after polls closed at the end of last week.

Heatons owner Ashley eyes up Clerys site in expansion of Irish operations

Sports Direct, the UK-based sport retailer headed up by Mike Ashley, is said to be eyeing up the former Clerys building as part of its Irish expansion.

Starbucks cafes to open in Italy in early 2017

Starbucks, the world’s biggest coffee chain, said on Sunday that Italian businessman Antonio Percassi would open the first Starbucks cafe in Milan in early 2017, bringing the brand to one of the top coffee-consuming nations in Europe.

Sharp rise in car sales boost January retail figures

Sales volumes into double figures in year to the end of last month, CSO statistics show

€232m Center Parcs resort in Longford granted planning

Major tourism development will seek to employ up to 1,000 people in permanent jobs

Amazon enters fresh food market with supermarket deal​

Online retailer Amazon is set to enter the British fresh food market after striking a supply deal with supermarket Morrisons, potentially ramping up competition in the already cut-throat sector.

Ulster Bank profits fall 40pc to €362m, RBS posts eighth straight annual loss

Operating profits at Ulster Bank fell by €244m last year down to €362m, representing a fall of 40.26pc when compared with 2014.

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