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ABP buys its third production facility in Poland

Larry Goodman’s ABP Food Group, the international meat, pet food and renewables business, has expanded its operations in Poland with the acquisition of a production facility in the east of the country.

Samsung flags €4.8bn profit hit from Note 7 failure

Samsung on Friday said it expected to take a hit to its operating profit of about $3bn over the next two quarters due to the discontinuation of its fire-prone Galaxy Note 7 smartphone.

New homes soar €45,000 in the hours after Budget

Developers and estate agents have denied that hikes of up to €45,000 on house prices just hours after the Budget are linked to a grant scheme to help first time buyers.

Mitsubishi takes majority share in Irish energy firm

Mitsubishi Corporation has taken a majority share in Irish energy trading firm ElectroRoute that will see it expand its operations beyond the eight European markets it currently operates in.

Tesco pulls Unilever goods from website over price row

Tesco has pulled dozens of Unilever brand products from its website after a disagreement over prices in the wake of a partly Brexit-driven slump in the British currency.

Central Bank hits outsourcing giant Capita with €1.1m fine

Outsourcing giant Capita has been hit with a €1.15m fine from the Central Bank for conducting some business here without proper authorisation.

Stockbrokers tip banks and builders as main winners from Budget 2017

Banks and builders are the main winners from minister Noonan’s €1.3bn budget package, according to Irish stockbrokers Goodbody and Davy.

Irish businesses less likely to hire UK workers over visa concerns

More than half of Irish companies are now less likely to hire workers from the UK due to the potential need for work visas and increased complications, new research has shown.

Michael O’Leary has offered to build a €200m terminal at Dublin Airport

Controversial airline boss Michael O’Leary has offered to build a third terminal worth €200m at Dublin Airport, it has been reported.

Government’s €1.3bn budget package breached EU rules – but won’t draw fines

Ireland’s 2017 budget goes beyond the limit of prudent policy, the country’s fiscal watchdog said Wednesday after the government announced a €1.3bn package of spending increases and tax cuts.

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