Business

Pre-tax profits at a Dublin gambling establishment founded by Rosanna Davison’s late father-in-law rose 5.5 per cent last year to €8.22m. Fresh accounts from Dublin Pool and Juke Box Company Ltd show the company recorded a rise in profits despite…

Food delivery major Deliveroo has agreed a takeover deal with its US rival DoorDash in a deal valued at around €3.4 billion. San Francisco-based DoorDash will offer 180 pence a share in cash for London Stock Exchange-listed Deliveroo, a move…

Credit unions are the most reputable organisations in Ireland, according to new research. For the third year running, credit unions have topped the annual Irish Reputation Index. In second place is An Post, followed by Boots Ireland. Six of the…

Penneys’ chief executive says the company has no plans to increase prices for its customers as it pledges to cope with sharp increases in labour costs. The announcement came after Associated British Foods on Tuesday announced a 10% drop in…

Airbus has completed an agreement to acquire a number of assets from Spirit AeroSystems, the two companies said on Monday, completing a major step in the transatlantic split of the troubled supplier with U.S. rival Boeing. The agreement will see…

Revolut could start offering mortgages in Ireland by autumn. The online bank initially plans to offer home loans through its app with employee support over the phone, but may consider partnering with brokers in the future. Revolut is also aiming…

Intel shares fell nearly 6 percent in premarket trading on Friday after the company’s disappointing revenue and profit forecasts disappointed investors who had been looking for confidence in a turnaround strategy from new CEO Lip-Bu Tan. Intel was once a…

The chief executive of the company that runs the Clifden Station House hotel in Connemara said some guests still remember the Golfgate scandal but viewed it as “more of a curiosity than anything serious”. Frank Ford made the comments on…

The European Commission has imposed a fine of €500 million on Apple and €200 million on Meta for failing to comply with EU digital competition rules. Apple’s fine stems from a restriction on app developers that prohibits them from offering…

A Galway-based biomedical company has announced the opening of its new facility at Ballybrit Business Park, which is at the heart of the city’s medtech ecosystem. Galway Biomedical Limited is a medical device development and contract manufacturing company. The new…