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15:47 Mortgage interest relief cut, welfare rates up €5, and a new sugar tax: The 10 important take-aways from Budget 2018

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23:17 #Budget18: Complete coverage of today's budget announcements

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13:02 #Budget18 reaction: Figures too low and too little too late: Focus Ireland

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07:24 Budget 2018: Five tax items to watch

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Business

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  • The European Union seeks tax rule action

    15 November 2017 01:08 6

    The European Union needs a quick agreement on proposed rules for lawyers, bankers and other advisers that help devise ways to aggressively cut tax bills, the European tax commissioner Pierre Moscovici has said, writes Francesco Guarascio. The appeal for more transparency on tax matters comes after new revelations, known as the Paradise Papers, of widespread

  • Malone’s Trinity City Hotel boosts profits by 54%

    15 November 2017 01:08 6

    Trinity City Hotel, one of the Dublin hotels owned by US billionaire John Malone, the Virgin Media and TV3 owner, boosted pre-tax profits 54% to €2.83m last year, writes Gordon Deegan. The company’s profits take into account interest charges of €1.97m and a non-cash depreciation charge of €1m. Staff numbers at the Pearse Street hotel increased from 90 to 95, while

  • Shanahan’s Fishy Fishy cooks up €224,355 in profit

    08 November 2017 00:58 8

    The Kinsale Fishy Fishy restaurant owned by TV chef Martin Shanahan earned profits of €224,355 last year. The profits were down from the €390,809 earned in 2015, but were significantly up from the €117,927 it earned in 2014. At the end of last year, accumulated profits at his restaurant firm — Kinsale Gourmet Store Ltd — stood at €1.84m. Staff numbers

  • Apple chip firm not worried

    08 November 2017 00:58 8

    However, fellow UK firm Dialog Semiconductor, which relies on Apple for about three-quarters of its revenue, isn’t worried. Following strong third-quarter earnings, Dialog chief executive Jalal Bagherli has dismissed concerns, saying his company and Imagination have little in common other than sharing similar customers. “If someone were to not use us, they’d

  • Profits fall at ‘First Dates’ hotel despite sales rise

    07 November 2017 00:26 8

    The profits drop for the Gibson Hotel in Dublin came despite it posting a 7% increase in revenues, to €15.39m. The lease for the Gibson was acquired in recent months by the stock market-listed Dalata Hotel Group. Dalata is Ireland’s largest hotel operator and has 38 three and four-star hotels with over 7,700 rooms. The hotel is located a short distance

  • Daft Media back in black with €2.66m pre-tax profits

    03 November 2017 00:57 10

    The company generated pre-tax profits of €2.66m last year, having posted a pre-tax loss of €2.49m in 2015, which was attributable to it writing off €5.5m owed to it by a connected business. The growth in the property market resulted in the group’s revenues jumping 8% to €8.16m. Daft Media’s accumulated profits stood at €3.7m at the end of last year, up from €1.4m 12 months

  • Leitrim based company shortlisted for Technology Ireland Software Awards

    02 November 2017 13:42 2

    Leitrim based company Cora Systems, who have been shortlisted for the Technology Ireland Software Industry Awards 2017. They will compete against other companies in the category of Digital Technology Services Project of the Year. In total, 36 companies have been shortlisted across eight categories. Following publication of shortlisted entries, all companies

  • Hume Brophy acquires US and Hong Kong based Madaket+Co

    02 November 2017 11:39 17

    Hume Brophy, which specialises in public relations, public affairs, investor relations and corporate and financial communications, will establish its first full-time base in Hong Kong through the deal. The six member team of corporate and financial communications specialists in Hong Kong will join Hume Brophy’s existing 12-strong Asia team, headquartered

  • Almac buys BioClin in cross-border expansion

    02 November 2017 02:30 18

    She said the premises would be within the 'analytic services' section of Almac. BioClin carries out analytical services and data reporting to support drug development in Garrycastle. "Adding BioClin's highly complementary analytical capacity and technical expertise to our existing capabilities, along with investment in nearby Arran and the opening of our new lab in Craigavon

  • Pound loses steam ahead of Bank of England rate decision

    01 November 2017 18:01 17

    The FTSE 100 also fell into the red on Wednesday. Next was the biggest loser on the blue chip index, dropping 450p to 4,471p as the retailer warned over “extremely volatile” trading ahead of the crucial Christmas season as online sales continue to offset tough conditions on the high street. The biggest risers on the FTSE 100 were Paddy Power Betfair