The Bank said that it is just as likely to raise borrowing costs if the UK faces a chaotic Brexit, adding that there was “little monetary policy can do to offset” the impact. The guidance, contained in the Bank’s inflation report, comes as an increasing proportion of currency investors hedge against the risk of a […]
Troubled Swiss-Irish food group Aryzta has published the final terms of its €800m cash call ahead of its AGM today. The company will propose to increase its share capital through the issuance of 900,184,940 new registered shares with a nominal value of CHF 0.02 (€0.018) each. The new registered shares will be offered to existing […]
Chinese conglomerate HNA Group has been trying for months to offload jetliners it ordered from Airbus, according to people familiar with the matter, as the indebted airline-turned-global acquirer wrestles with liquidity challenges. The Chinese group asked the leasing arms of Industrial & Commercial Bank of China and China Minsheng Banking Corp, among others, to take […]
Sky News has learnt that Malcolm Offord, who spent 16 years at the buyout firm Charterhouse before retiring at the end of 2013, has been in talks with Mr Cameron for some time about a senior post. The discussions with Mr Offord are said to be ongoing and have not yet resulted in a formal […]
TÁNAISTE Simon Coveney held secret talks with the UK’s Brexit Secretary last night amid growing expectation that a deal can be finalised. Mr Coveney spent 90 minutes with Dominic Raab in London – but only revealed the meeting this evening while in Paris. He described it as “very frank and long discussions”. It comes as […]
One of Greencore’s biggest shareholders has come out against part of the company’s plan to sell its US business. Polaris Capital, which owns more than 9pc of the company, is against a plan to return the proceeds of the sale to shareholders as a special dividend, saying this will cause tax issues for shareholders. It […]
Retail sales posted another strong month in September thanks to rising job numbers and accelerating wage growth, with the headline number up 1.5pc from August and 6.1 pc from a year ago in volume terms, the Central Statistics Office said yesterday. Excluding the volatile car sector, so-called core retail sales posted a 2.8pc gain on […]
Westport owned safety clothing and workwear manufacturer Portwest is investing A$10m (€6.24m) to expand its Australian operations. Last year the Hughes family owned firm paid A$10m for Huski, an Australian workwear brand, and paid A$7.5m for Melbourne based Prime Mover Workwear. Portwest said its latest investment will allow the company to continue its global expansion […]
A consortium of Irish company Roadbridge and Spanish group FCC has been confirmed as the main contractor for the construction of a new runway at Dublin Airport. The Irish Independent revealed last month that the consortium was the preferred bidder. The contract includes the construction of the new runway itself, as well as associated taxiways […]
Tech startups in Dublin have benefited to the tune of €2.25m from the city’s Local Enterprise Office over the last four years. The capital’s LEO has provided funding to 157 businesses in the technology sector since its establishment in 2014. According to ‘Driving Dublin’s tech growth: how Local Enterprise Office Dublin City is helping tech […]