Kingspan chairman makes €44.5m from share sale

Kingspan founder and chairman Eugene Murtagh has made €44.5m from selling a tranche of his shares in the company.

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CIT and UCC students win leadership prize at top US tech firm

Two students from Cork will travel to the US after winning an intensive executive mentorship programme with the leadership of tech firm Park Place Technologies.

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Consumer interests: Ten steps to making a valid complaint

John Hearne outlines the steps you must take to ensure you’re not wasting your breath when complaining about a product or service.

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Seanad calls for dedicated minister to represent SME sector

The Seanad has, on the back of recommendations from various business groups, called on the Government to introduce a junior ministerial role to represent SMEs, as well as a number of other support measures.

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The Ludgate Hub: How the idea of creating a digital hub in Skibbereen was born

One Saturday afternoon in September 2014 as part of West Cork’s food festival, A Taste of West Cork, the idea of creating a digital hub in Skibbereen was born.

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European stock markets avoid fallout from US-China trade war blowout

US shares were hit sideways but European markets were relatively unscathed as President Donald Trump insisted he was in no rush to settle the China trade spat.

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Trigon Hotel group seeks to fill openings

Trigon Hotel Group is recruiting, with openings available in a wide rage of fields in all three of its Cork properties, Cork Airport Hotel, The Metropole Hotel and Cork International Hotel.

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Here are this week's eight business movers

Bastien Peyraud has been appointed as general manager of the Imperial Hotel, Cork, part of the Flynn Hotels group.

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Grapevine: Cook Medical’s focus on patients underpins high staff retention

MEDICAL device manufacturer Cook Medical puts its high staff retention rates down to its strong culture of teamwork and the satisfaction its 850 employees get from contributing to saving lives.

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Job of the week: Franciscan Well hiring for brewery tours and tastings

The Franciscan Well brewpub in Cork city wants to hire a full-time employee to help run its award-winning brewery tours and tastings.

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Fehily Timoney acquires long-term partner

Consulting engineering and environmental scientists Fehily Timoney and Company (FT) has acquired Applied Ground Engineering Consultant’s (AGEC) services for an undisclosed sum.

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Servisource scores an All-Star award

Recruitment agency Servisource has become a member of The Register of Irish Business Excellence (TRIBE).

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Energy Cork to focus on low carbon future

The Energy Cork 2019 annual conference tackles the challenges of energy security in a low carbon future at the Clayton Hotel Cork City on May 17.

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Trade fears haunt stock markets

The risk that a potential trade deal between the US and China will unexpectedly unravel into acrimony hit German, Irish, and other shares exposed to world trade.

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Grocery prices rise at fastest pace since 2016

The prices of Irish groceries rose by an annual 2.6% over the Easter period, the fastest since August 2016.

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Pointing the way for Irish entrepreneurs

For would-be business owners in Cork and beyond, even a cursory look at the finalists in EY’s Entrepreneur of the Year Ireland Awards over the years would be a worthwhile exercise in self-motivation.

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New threat faces 3,600 Belfast jobs as jet maker Bombardier puts sites up for sale

Uncertainty again faces 3,600 jobs at Bombardier in Belfast after the Canadian planemaker said it had put up for sale facilities across the city.

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'Drift in focus' is tourism threat

Tourism has the potential to create 80,000 new jobs in the next six years but a "worrying drift" in Government focus threatens the growth, an industry organisation has claimed.

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Government opts for outsider as new Central Bank governor

The Government has looked outside the country and named a New Zealand government official as the governor of the Central Bank.

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Card usage not getting the credit it deserves

Credit cards are generally considered a symbol of financial irresponsibility, often becoming a drain on the household budget.

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Ulster Bank profits rise as RBS feels the heat

Ulster Bank’s profits improved in the first quarter of the year, but ongoing Brexit uncertainty and heightening competition in the UK has increased the pressure on its parent Royal Bank of Scotland (RBS).

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Kingspan unlikely to table fresh bid for Belgian company

Kingspan is not expected to make a revised offer for Belgian company Recticel despite the latter being open to a higher offer.

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Quinn was ‘best president that Ireland never had’

President Michael D Higgins has paid tribute to Feargal Quinn as a gifted entrepreneur and lifelong supporter of small businesses following his death.

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IDA puts out tender for removal firm for HQ move

The IDA is planning to move 2,290 pieces of delph, cutlery and other kitchen items in its move to its new headquarters in Dublin later this year.

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Feargal Quinn: Respectful, genial, unique

Ireland has just lost one of its more unique public figures with the passing of Feargal Quinn at the age of 82.

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CRH to decide on sale of European distribution business 'in 2-3 months'

Building materials group CRH will decide, within the next three months, whether or not to sell its European distribution division.

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Business world pays tributes to 'giant of the retail world' Feargal Quinn

The business world is paying tributes to Superquinn founder Feargal Quinn, who has died aged 82.

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Indeed announces 600 new jobs for Dublin

Recruitment company Indeed has announced it will be creating 600 new jobs for Dublin over the next five years.

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Surprise drugs boost for Johnson & Johnson

Three months ago, Johnson & Johnson (J&J) predicted an ugly 2019 as the healthcare giant faced thousands of consumer lawsuits and pressure in the US on drug prices.

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Kingspan in €700m Belgian firm bid

Shares in specialist building materials group Kingspan rose almost 3% as it said it had offered €700m for the insulation division of Belgian mattress firm Recticel.

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MathWorks thriving on western coast

Established in Galway in late 2016, the growth at MathWorks Ireland will see it add additional jobs in 2019.

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Dairygold milk volumes soar but profits fall back

Dairygold’s capital investments have fuelled its expansion in milk processing to 1.34bn litres in 2018, up 500m litres since 2009, with plans to exceed 1.65bn litres by 2023.

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The Monday Interview with Barbara McGrath: The new benchmarks for recruiting

There are thousands of high-end roles to fill, and more women than ever needed in leadership positions, the managing director of Brightwater Recruitment, Barbara McGrath, tells Pádraig Hoare.

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Access to finance underpins upbeat era of acquisitions

Improved access to finance is underpinning business optimism in Munster, fuelling increased M&A activity along with a rise in the number of businesses willing to invest to support their growth, according to Deloitte.

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EY helps business stay ahead of the post-Brexit talent race

The Government has done well in echoing the business view that the UK will remain our closest trading partner even after Brexit, says Frank O’Keeffe, EY managing partner.

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Major local property tax hike would be toxic

When the local property tax was introduced in the midst of a deep fiscal crisis in 2013, the valuation of properties on which the tax was based was fixed until 2016.

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Former government adviser to head oil lobbyist

Mandy Johnston, a former government press secretary and adviser to the taoiseach, has been appointed chief executive of the representative organisation for the Irish oil and gas exploration sector.

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CRH mulls more share buybacks after €1bn return

CRH is expected to launch another share buyback programme and announce details later this month.

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Too many coffee shops in capital, say City Council as they block planning permission

Dublin City Council told a property investor it would be difficult to justify opening another café near St Stephen's Green.

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Job of the week: National Library of Ireland

Two visitor experience assistants are required to work within the high-profile, long-running National Library of Ireland exhibition, Seamus Heaney: Listen Now Again, celebrating the life and work of the renowned poet in Bank of Ireland Cultural and Heritage Centre, Westmoreland St. These are “specified purpose”. contracts due to expire in December 2021.

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Humanoid robots bringing ‘cobotics’ to life in workplace

The future of automation in the workplace was glimpsed at the recent UCD Innovation Week, where 200 students from 26 countries met Pepper, a humanoid robot and the first in the world to read emotions and develop empathy.

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Why your financial adviser will no longer come to the phone

Be warned. The robot wars in financial services has started, writes Eddie Hobbs.

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Sharp decline in Irish business optimism as Brexit approaches

A new AIB report shows sentiment around profits, employment and investment are down dramatically over the past five months, with confidence now at its weakest point in eight years.

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IFG shares surge as it accepts €240m takeover bid

Shares in Irish-founded financial services group IFG surged by over 43% on the back of the company accepting a €240m takeover offer and showing a return to profit.

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Criticism of exporters' attempts to seek out new markets is wide of the mark

Since the UK voted, back in 2016, to exit the EU, Irish exporters have consistently been warned that they were far too reliant on the British market. Recent events in Westminster have heightened the concern.

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Central Bank boss ready for life in the fast Lane

Ireland has finally secured a foothold at the summit of European central banking following the appointment of Central Bank governor Philip Lane to the six member executive board of the ECB, as chief economist.

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Time for firms to look west, not east

The theatre of the last few weeks in Westminster has meant that all our attention has been focused east across the Irish Sea. But that begs the question as to whether we should be looking west rather than east.

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Wrike happy it chose thriving Irish hub

When Wrike was looking at prospective locations in the EU, Dublin found itself competing with Amsterdam, London and Berlin.

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Reports show that everyone wins in two-way US-Irish relationship

Ireland is now the ninth-largest source of FDI into the US at $146.2bn (€130bn), says the US Bureau of Economic Analysis.

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CUBS conference: Graduates urged to be respectful online

Graduates have been urged to be mindful of their social media profiles as they enter the workforce.

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Online giants threat to retail banking model, CUBS conference hears

Amazon, Facebook and Google are the biggest threat to retail banks in the future as the online giants move to financial services, the chairman of Bank of Ireland has said.

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Kenmare Resources sets date for maiden dividend

Irish mining firm Kenmare Resources has confirmed it will pay a first-ever dividend to shareholders in October, after posting a significant rise in revenues and profits for 2018.

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Profits climb 28% at Ashling Hotel

Pre-tax profits at the hotel group which operates the Ashling Hotel near Heuston Station in Dublin climbed 28% to over €6m in 2017.

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Debenhams eyes options as shares take a tumble

Debenhams issued another profit warning as it thrashes out a restructuring deal with landlords, local authorities, and creditors which will lead to it closing at least 50 stores.

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Ladbrokes eyes back office switch to Ireland

The owner of British betting shop chain Ladbrokes may move some of its computer servers, which facilitate its various online bingo, betting, and gaming services, to Ireland as a contingency measure in case of Britain crashing out of the EU with no transition deal in place.

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Ted Baker's controversial CEO quits

Shares in clothing retailer Ted Baker surged following the resignation of controversial founder and chief executive Ray Kelvin.

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Bringing the best leaders together

UCC student Barry O’Sullivan may only be 20, but he has no shortage of ambition, bringing together some of the top business leaders in the country for the inaugural Executive Summit next month.

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Best Western planning 10 Irish hotels over five years

International hotel firm Best Western said it is planning to operate 10 hotels across the Republic and the North in the next five years.

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Mount Juliet housing development plan shot down

The owners of Mount Juliet have run into difficulties with planning authorities over plans to build housing on its par 3 golf course.

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