Venture

Reducing plastic is good business for some

Companies are coming under increased pressure to take their products out of plastic By Adam Maguire Business Journalist Last week Diageo announced that it was to remove plastic packaging from its beer products later this year; that following commitments by the likes of Coca Cola, Nestle and Danone to reduce their own plastic packaging waste. All of these firms are ...

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WRC says 4,050 days lost to disputes in 2018

The number of adjudications heard last year increased by 20% on the previous year The number of days lost to industrial disputes in 2018 was the lowest since 2012, according to the annual report from the Workplace Relations Commission. The number of adjudications heard last year increased by 20% on 2017, with 5,312 adjudication hearings held The number of adjudication ...

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Debenhams to close 22 stores in UK in 2020

The 11 stores in the Republic of Ireland are not affected by the proposals British retailer Debenhams has announced plans to close 22 stores next year as part of a restructuring scheme. Once the biggest department store chain in the UK, Debenhams had been hit by a sharp slowdown in sales, high rents and ballooning debt. The company fell into ...

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Govt launching plan to boost financial services sector

The 'Ireland for Finance' is the latest Government initiative targetting the international financial services sector The Government hopes to increase direct employment in the financial services sector to 50,000 by 2025, according to a new strategy being launched this morning. The 'Ireland for Finance' plan is the latest Government initiative targetting the international financial services sector. There were 44,000 people ...

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Increase in value and volume of mortgages drawn down

8,577 new mortgages, to the value of almost €1.9bn, were drawn down during the first three months of 2019 There was an 8.9% increase in the number of mortgages drawn down in Ireland in the first quarter of this year, according to the body representing the banking, payments and fintech sectors. Figures published by the Banking & Payments Federation Ireland show 8,577 new ...

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Carpetright sees sales improvement despite retail gloom

Carpetright shareholders in April backed a Company Voluntary Arrangement (CVA) restructuring to close stores and cut jobs. Shares in UK flooring retailer Carpetright surged today after it said UK sales had improved in the fourth quarter. This comes a year after its creditors and investors backed a rescue plan which saw it close dozens of underperforming stores.  Its losses had ...

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Pharma group Uniphar eyes stock market listing – source

Uniphar has an annual turnover of around €1.3 billion and could use the fresh capital for acquisitions as it seeks to expand Irish pharmaceuticals group Uniphar has hired stockbroker Davy and RBC Capital Markets to sound out investors for a possible initial public offering (IPO) in 2019, a source familiar with the matter said today.  The company could raise up ...

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CRH sees interest for European distribution arm sale

CRH CEO Albert Manifold said he had noticed a delay in getting commitments for large government-funded infrastructure projects due to Brexit Building materials group CRH has had a lot of interest in its European distribution arm ahead of a decision in the next two to three months on whether to trigger a sale, its chief executive Albert Manifold said today.  ...

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Prize Bonds sales reach €574m in 2018

The value of the prize bonds fund at the end of 2018 exceeded €3.4 billion The Prize Bond Company has reported gross sales of €574m, the second highest year on record after sales of €567m in 2017 and €670m in 2016. The Prize Bond Company, which administers prize bonds on behalf of the National Treasury Management Agency, published its annual ...

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