Categorized as: Syndicated News

New MSD drug plant in Dublin gets nod

Pharmaceutical giant MSD – part of the US group Merck – has been given the go-ahead for plans to build a new biologics facility in Swords, Co Dublin, that will employ 350. MSD has said that number could rise in the future. An average of 700 construction workers will be involved in the project, hitting […]

The Big Tech Show: Why are we freaking out about Amazon jobs?

How has it come to a situation where a big tech company announcing 1,000 new jobs is freaking people out? This week’s Amazon jobs announcement has led to a backlash from people who feel it will put extra pressure on rents and infrastructure in the capital. Where will they live?” “Oh great, even higher rents…” […]

Practicenet 2018-06-19 09:51:55

A new property search engine, Perfect Property, has revealed the budget of the average house hunter in Dublin. According to the site, the average house hunter in Dublin has a budget of €315,000 for their prospective home. However, there are some exceptions, with 4pc of Dubliners having a budget of €1m and 1pc having a […]

Nama surplus for taxpayers forecast to reach €4.5bn

Nama will deliver a €4.5bn surplus over its life – around €1bn more than its own latest estimates, according to Investec. Last year the State’s bad bank redeemed the last of its €32bn startup costs, so the balance left when it is wound up will be returned to taxpayers and in effect goes to reduce […]

Tesla plans to cut 9pc of workforce, says Musk

Elon Musk’s electric car maker Tesla is cutting about 9pc of its workforce, Mr Musk said yesterday, as it seeks to reduce costs without endangering the critical ramp up of production of its Model 3 sedan. Tweeting pictures of an email he said had been leaked to media, Mr Musk said that the cuts were […]

‘Do you have that fiver for me?’ – PayPal gets personal in new push

We’ve all been there – a tenner borrowed here, a fiver owed there. It can be hard to keep track when you owe it – and mortifying to have to ask for it back when you don’t. Digital payments giant PayPal thinks it has the answer. It is throwing down the gauntlet by scrapping fees […]

Irish Ferries to take further hit of €4m – €5m from ship delay

The announcement from Irish Ferries operator ICG of another delay to the delivery of the W.B. Yeats ship is set to hit earnings at the company by a further €4m – €5m, according to Davy analysts. The group had already taken a hit of €2.5m in lost revenue from cancellations announced earlier this year. On […]

Malin hits a new all-time low with State down 30pc

Shares in State-backed Malin hit an all-time low yesterday to leave taxpayers nursing a loss of 30pc on the initial investment. Malin’s shares lost 3.45pc in trading yesterday to close at €7, and at one stage plunged below €7 for the first time to hit €6.60. The State’s Ireland Strategic Investment Fund (ISIF) invested €50m […]

Bank of Ireland overhaul bill soars to €1.4bn

Bank of Ireland will pump an extra €500m into an annual “transformation programme” aimed at improving its business systems and overhauling its software platform as the lender attempts to reduce costs and drive efficiencies over the next three years. The additional cash brings the total investment outlay from 2016-2021 to €1.4bn. According to a much […]

Dollar rise as Trump and Kim sign ‘comprehensive’ document at landmark summit

The dollar hovered near 3-week highs on Tuesday and Asian shares gained as US President Donald Trump and North Korean leader Kim Jong Un signed a ‘comprehensive’ deal at a historic summit aimed at the denuclearisation of the Korean peninsula. Trump said the process of denuclearisation would happen “very, very quickly”, adding he had formed […]

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