Archive for July 2022

Medtronic is further expanding its presence in Galway with a $30m investment that will see it grow its workforce in the city by 200. The healthcare technology company is to establish a new global laboratory services team and up its investment in new product development in the city. The new roles will be in the…

Three hundred new jobs are to be created by regulatory solutions company FinTrU in Letterkenny, Co Donegal. The company is to set up a European Delivery Centre in the town, adding the new roles over the next five years. The positions will be in areas such as compliance, legal, risk and controls, operations and client…

Drinks company Diageo, which owns Guinness, is to build a new €200m brewery near Newbridge in Co Kildare. The carbon neutral facility will be used to produce lagers and ales, freeing up capacity at its main facility at St James’s Gate in Dublin to allow it to produce more stout for global markets. The brewery,…

The euro hovered a whisker above parity to the dollar today, with traders wary of the single currency being forced to levels unseen for decades if US inflation data, due to be released later today, shows a sky-high reading. The greenback was firm in Asia trade, and neither the New Zealand dollar or South Korea’s…

The Taoiseach has warned that the cost-of-living crisis could last into the spring of 2023. Speaking on RTÉ’s Prime Time, Micheál Martin said Russia’s approach to gas and the uncertainty around the price of energy meant the situation could get worse before it gets better. “We think the winter is going to be very difficult.…

Luxembourg property asset manager REInvest Asset Management has bought a property in Dublin for the first time in the company’s history. The office building, 5 Harcourt Road, was bought for €65m from Henderson Park, a private equity property manager based in London. 5 Harcourt Road is fully let on a long-term basis to WeWork, which…

The euro sank to within a whisker of parity with the dollar today and stock markets fell as the prospect of further central bank tightening and worries about the health of economies worldwide unnerved investors. The dollar’s role as the safe-haven go-to currency for investors worried about the economic outlook has been burnished in recent…

A shortage of people with a well-rounded skill set, including role-specific technical skills and in-demand soft skills, represents a threat to the health of the talent pipeline in financial services, a new report has found. In particular data analytics, machine learning, digital transformation and risk and compliance are the specialties where the greatest skills gaps…

Exports by companies supported by Enterprise Ireland increased by 12% to a €27.29 billion last year – the highest level of export growth ever recorded by EI supported firms in value terms. Strong increases were experienced across almost all sectors in 2021, according to the state agency responsible for helping Irish companies to grow and…

The Government has approved moves to strengthen regulatory controls on the short-term letting of property. These controls will apply to non-principal private residences in rent pressure zones and are due to come into effect in September. The amendment, if enacted, will mean that from 1 September online platforms will not be able to advertise properties…