Exclusive: Developer Greg Kavanagh hits the jackpot with €150m payday

New Generation Homes chief Greg Kavanagh has secured a massive payment in a deal understood to be valued in excess of €150m from his company’s financial backers, London-based M&G Investments, in a deal which will see him exit the business. The Irish Independent understands the agreement between the parties was reached yesterday afternoon following what […]

Read More

Sterling forces cut in Ryanair forecast

Sterling’s plunge since the UK’s June Brexit vote has finally forced Ryanair to cut its full-year profit guidance, after months of warning that such a move could be on the cards. The recent accelerated decline in the value of sterling prompted Ryanair to concede that its profit in the 12-month period that ends next March […]

Read More

Kellogg pays no corporation tax in Ireland as sales top €1.2bn

The main Irish arm of breakfast cereal giant Kellogg last year paid zero corporation tax for the second year running as revenues topped €1.28bn. New accounts filed by Kellogg European Trading (KET) Ltd with the Companies Office show that it recorded a 27pc jump in operating profits, from €38.7m to €49.36m, in the 12 months […]

Read More

Kellogg pays no corporation tax in Ireland as sales top €1.2bn

The main Irish arm of breakfast cereal giant Kellogg last year paid zero corporation tax for the second year running as revenues topped €1.28bn. New accounts filed by Kellogg European Trading (KET) Ltd with the Companies Office show that it recorded a 27pc jump in operating profits, from €38.7m to €49.36m, in the 12 months […]

Read More

Law firm taps ex-Central Bank regulator

Law firm Eversheds has appointed former Central Bank official Ciaran Walker as a consultant. Mr Walker was deputy head of enforcement at the Central Bank of Ireland until September. He’s now joined Eversheds Consulting, a part of the solicitors’ firm that uses consultants, lawyers, audit and risk specialists to provide tailored consulting services to clients. […]

Read More

Taxation Accountants

Taxation Accountants Business people, professionals, investors and individuals are finding ways and are striving to improve their cash flows and their cash profits. These are somehow possibly achieved through the presence of professional taxation accountants who can help with relevant and timely advice needed to achieve personal financial and business goals. Good thing, taxation accountants …

Read More

Ryanair fares to fall more than expected as O’Leary bemoans weak sterling

The weak sterling is playing havoc with Ryanair’s earnings as the airline has predicted its average fares to fall by between 13pc and 15pc. The Irish aviation giant has reduced its full-year profit estimate by 5pc to between €1.3bn and €1.35bn, meaning profits are set to grow by 7pc from 2015. Average fares were originally […]

Read More

Explosion in numbers renting means 850,000 people are now tenants

There has been an explosion in the number of people renting as the housing crisis worsens. Some 850,000 people now live in rented accommodation. Most of the rise is accounted for by Dublin, where the number of households renting privately has risen by 61pc since 2011. This is one of the strongest rises in the […]

Read More

Epayment firm ACI opens new data centre, creates 50 jobs

Electronic payment company ACI Worldwide has opened a new state-of-the-art data centre in Limerick with the aim of expanding the firm’s capabilities in Europe. ACI boast a host of major clients, including two of Ireland’s biggest banks. The business built the new centre in record time as it looks to accommodate growing demand from Europe, […]

Read More