Strong interest in Gaelectric’s €350m wind farm assets in disposal plan

Up to 20 expressions of interest have been received for Gaelectric’s wind farm portfolio, which is likely to have an equity value of between €250m and €350m, the Irish Independent understands. The enterprise value of the wind farms, which includes debt, is likely to be around €750m. It’s believed that a range of potential buyers, […]

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Euromillions winner Dolores McNamara outbid by Irish Life for €46m retail park

Euromillions jackpot winner Dolores McNamara has lost out in a €46m bidding war with an Irish commercial property giant, for one of the country’s largest retail parks. The mum of six from Garryowen, Limerick, who won the €115m lottery bonanza in 2005, has been outbid by Irish Life for the Childers Road Retail Park, located […]

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Exports down 7% in February, as imports rise 9%

Trade surplus declines by 21% from January to February to €3.77bn, CSO data show Exports fell by €616 million or 7 per cent to €8.75 billion from January to February, new figures from the Central Statistics Office (CSO). At the same time, imports rose by €409 million or 9 per cent to €4.98 million leading […]

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400 jobs to be created at new biotech plant in Co Meath

Some 400 jobs are to be created with the expansion of a pharmaceutical company in Co Meath. Shire said the roles will be created at a new biotechnology plant on a 120-acre site at Piercetown as part of a 354 million euro investment. Flemming Ornskov, chief executive of the firm, said the campus will be […]

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Roche family increase stake in NTR Plc after €131.8m buyback

Some 56.6 million shares redeemed by company at a cost of €2.25 per share The family of NTR Plc chairman Tom Roche now own over 96 per cent of the wind energy company after it spent €131.8 million buying back shares in the business. Some 56.6 million shares were redeemed by the company under the […]

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Government raises €750m in 10-year bond auction

THE Government has raised €750m in a 10-year bond auction. According to the National Treasury Management Agency (NTMA), the auction was completed at a yield of 0.817pc. Total bids received amounted to €1.774bn which was 2.4 times the amount on offer. Including today’s transaction, the NTMA has raised €4.75bn from its stated target range of […]

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North’s economy grew at fastest pace in nine years in 2015

But despite strengthening of growth, North’s economy still lags the rest of the UK The North’s economy grew at its fastest pace in nine years during 2015 according to latest figures from the Northern Ireland Statistics & Research Agency. The agency’s latest research shows the Northern Ireland growth rate was 1.4 per cent last year […]

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Irish fintech start-ups discuss trust and regulatory issues

Inaugural ‘Fintech Nation’ conference sees start-ups describing difficulties they face Start-ups working in the financial services sector have a greater trust credibility gap to overcome than most early-stage companies, delegates at a conference in Dublin were told on Thursday. Speaking at the inaugural ‘Fintech Nation’ event held in the Marker Hotel, Derek Butler, chief executive […]

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Hostelworld shareholders raise £61m after selling stock

Luxembourg-based parent H&F and members of the Duffy Family sell 23.5m shares Shareholders in Irish travel website Hostelworld have raised £61 million (€77m) after selling their stock. The company, which floated in November, said its Luxembourg-based parent H&F, and members of the Duffy Family, sold 23.5 million shares in Hostelword at a price of 260 […]

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Global slowdown starts to hit Irish jobs market

More people are chasing almost the same number of available jobs as a year ago, according to the latest employment monitor from recruitment firm Morgan McKinley. The availability of professional jobs remained almost constant at 37,171 in the first three months of 2016 compared to the same period last year, while the number of professionals […]

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