Kentz secures second major contract in a week
Irish-founded engineering services group, Kentz has secured a second major contract win in under a week, yesterday announcing the award of a five-year framework contract for general engineering...
View ArticleCall for TDs to approve extra €50m for road repairs
TDs are being asked to approve an extra Budget for the Department of Transport to repair the country’s roads. Earlier this year the Department of Transport announced a €50m programme to repair the...
View ArticleIreland’s first insolvency case sees big debt cut
The country’s first completed insolvency deal has seen more than 70pc of the borrower’s debt written off, according to a report on RTE. The arrangement was agreed at a creditors’ meeting this afternoon...
View ArticleAIB will be back in profit next year says Duffy
AIB said it plans to be back in profit by the end of next year and does not expect to come back to taxpayers seeking further bailouts. Taxpayers could expect to recoup some of the €21bn cost of...
View ArticleQuinn Jnr seeks to vary court order on assets
The son businessman Sean Quinn has asked the Commercial Court to vary freezing orders on his assets to allow him and his wife, who is expecting their first child, raise a €210,000 charge on their...
View ArticleIsland Energy seeking to raise €20m for wind farms and solar projects
Island Renewable Energy, which was founded in 2009 by several former executives ofNTR, is seeking to raise up to €20 million in equity to fund the rollout of wind farms and solar projects in Ireland,...
View ArticleBord Gais Energy bids too low
Pat Rabbitte, Minister for Communications, Energy and Natural Resources, has told Bord Gais that none of the final bids received for its energy business were at an acceptable value. The minister did...
View ArticleEconomy now adding 1200 jobs per week
CSO statistics published yesterday also show that 22,500 jobs have been added across the country in the past three months; that the unemployment rate has decreased to 12.6% and that the long-term...
View ArticleRenovation tax relief rules clarified
The Oireachtas finance committee has clarified that homeowners will be able to claim for tax relief of 13.5% on home improvement works if the total spent exceeds €5,000. The measure had been understood...
View ArticleDavy chief economist predicts 2.5pc growth in Irish economy in 2014
Irish GDP is set to grow by 1pc this year and by 2.5pc in 2014, according to Davy. The financial advisory company is more optimistic than the majority of other forecasters, including the Department of...
View ArticleEuropean Investment Bank support for LUAS Cross City welcomed
Transport Minister Leo Varadkar today welcomed the decision by the board of directors of the European Investment Bank, Europe’s long-term lending institution, to agree in principle to provide...
View ArticleGoogle Transit now available in Ireland
Ireland has had its entire public transport system mapped on Google Maps, meaning commuters and tourists can now easily plan trips and journeys anywhere in Ireland, from door-to-door. Google Maps...
View ArticleUp to 3 years before enough new housing available to meet Dublin demand
It will take at least 2 – 3 years for the construction industry to meet the demand for housing that is developing in the Dublin market, according to the CIF. The CIF were commenting after the CSO...
View ArticleISEQ reaches new high as markets surge
The ISEQ is hitting new highs this morning at 4,498, up 13 points having broken through the 4500 earlier as World markets continue the current Bull run. Davy Stockbrokers looks at the stats for Irish...
View ArticleNew property trust to float on the ISEC
A new property investment trust has indicated its intention to float on the Irish Stock Exchange and raise proceeds of up to €350m. Hibernia REIT plans to follow Green REIT, the first trust to float...
View ArticleTyrone’s McAvoy Group provide classrooms for 1020 UK School Children as part...
Northern Ireland off-site building specialist McAvoy Group has delivered over £5m of new schools in England providing additional places for 1020 pupils due to an increased demand for fast-track...
View ArticleMinister Jan O’Sullivan reports on tackling unfinished estates
Minister for Housing and Planning, Jan O’Sullivan, TD, today (28 November, 2013) published the second annual progress report on tackling the issue of unfinished housing developments which points to...
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PSE Power Systems generating yearly energy savings of €45,000 for Mardyke Arena
PSE Power Systems, a market leader in the provision of power continuity solutions and services, today announces that it has secured a €200,000 contract with the Mardyke Arena at University College Cork...
View ArticleEuro markets open flat pending inflation info
European shares opened flat today as investors waited for confirmation that euro zone inflation is holding up before committing more money to a three-month rally in local indexes. At 0808 GMT, the...
View ArticleNow is the time to invest in infrastructure says PwC
PwC lead partner Ger O’Mahoney and managing director of Augmentis Ireland, John Mullins, both agreed that now is the time to invest in infrastructure construction projects in Ireland as the sector...
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