Category Business

Pre-tax profits at the Irish arm of clothing retailer River Island increased by 65 per cent last year to €7.29 million. New accounts show that River Island Clothing Company (Ireland) Ltd recorded pre-tax profits of €7.29 million despite revenues declining…

The British government has apologised after accidentally sharing the email address of one of the world’s richest men in the run-up to a major global investment summit hosted by the UK. The Department for Business and Trade (DBT) referred itself…

The general manager of the Grow Remote movement has said it is time for employment law to catch up on the nuances of working remotely as there could be thousands of remote jobs available in the EU that could come…

Pre-tax profits at the UK nursing home group owned by three of Ireland’s best known businessmen last year increased by 22.5 per cent to £39 million (€46.5 million). New consolidated accounts filed by Barchester Healthcare Ltd show that the business…

Saudi Arabia’s sovereign wealth fund has agreed to buy a significant stake in the owner of Irish department stores Brown Thomas and Arnotts. The Saudi Public Investment Fund (PIF) will partner with current co-owners Thai-based Central Group to take control…

A dispute over the termination of a funding agreement for a debt advisory group working to provide social and affordable housing has been referred to arbitration, the Commercial Court has heard. The “New Beginning” group claims it will be destroyed…

Businessman Denis O’Brien has completed the purchase of Conrad Algarve in Quinta do Lago in Portugal for around €200 million. The purchase – completed in recent weeks – is a significant addition to Mr O’Brien’s business interests in Portugal, where…

A looming port strike could fuel inflation and cause layoffs, experts say Tens of thousands of dockworkers are set to strike as soon as Oct. 1, potentially snarling dozens of ports along the East and Gulf coasts with major implications…

Consumer prices in Ireland rose by just 0.2 per cent year-on-year this month compared with 1.1 per cent in August, a flash estimate showed on Monday. It is the lowest rate since inflation took hold in March 2021 and far…

AIB has cut the interest rate it offers on some fixed-rate mortgage products by 0.25 per cent. The changes apply to the bank’s five-year green fixed mortgage rate and its four-year fixed mortgage rate for all customers borrowing €250,000 or…