ESB plots massive Scottish windfarm

The ESB has unveiled plans for a massive 91 megawatt windfarm in Scotland. The State-owned electricity business has formed a partnership with wind developer Coriolis Energy and the companies are working on a number of projects in that country. Renewables […]

Irish investors tender for IPL stock worth €22m

Irish shareholders in IPL Plastics have tendered for shares worth up to CAD$33.4m (€21.9m) in a buyback ahead of its Canadian listing later this month. The company, formerly known as One51, announced in April that the listing plan would include […]

Greencore to appoint US chief executive by year end

Greencore, the Dublin-based food group and the world’s largest sandwich maker, is searching for a new chief executive for its US operations as speculation persists about potential takeover interest in the company. Sources said Greencore will announce the appointment before […]

Less than a third of people renting their home do it by choice

The scale of the rental trap facing hard-pressed families is revealed in a new report showing that the vast majority of people do not wish to be tenants. Fewer than a third of tenants rent their homes by choice, according […]

Yahoo escapes Irish fine in biggest ever email breach

Yahoo has escaped a fine from the Irish Data Protection Commissioner after the watchdog found against it for a giant email data breach that affected 500 million Yahoo email users. Instead, the tech giant has been ordered to change its […]

Pensioners can unlock cash early, Revenue announces

Thousands of pensioners will get an early opportunity to unlock money in retirement funds they have been unable to access up to now. Car dealers and travel agents are expected to be the big winners after rules restricting access to […]

Europe seeks US blessing to maintain its trade with Iran

Three European countries and the European Union are seeking exemptions from US sanctions on Iran in a sign that the bloc’s bid to hold the landmark nuclear deal together may be in trouble. Ireland could potentially benefit, if it means […]

Founder of Kerry-based tech firm embarks on US adventure with new Boston office

The founder of a Kerry-based tech firm is relocating to Boston – with his family – in a bid to expand the company’s US customer base. John ‘Ogie’ Sheehy founded ViClarity in 2008, a period of instability where a tool […]

House of Fraser to close over of half its stores

Retail chain House of Fraser is to shut over half of its stores impacting around 6,000 jobs. The closures are part of a proposed Company Voluntary Arrangement (CVA), which will require approval from creditors who will make their decision on […]

Consumers optimistic but still cautious with spending

Irish consumers are planning to spend more but they remain cautious. The move to loosen household purse-strings comes as consumer sentiment rose in May despite uncertainty about the general economic outlook, including the evolving political crisis in Italy. The KBC […]

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