The Central Bank has fined Bray Credit Union €98,000 for failing to have adequate measures in place to prevent money laundering and terrorist financing. The institution was found to have broken the rules over a five-and-a-half year period. All credit and financial institutions are required by law to put policies in place to detect such […]

A Dublin-based property company is to pay 60 per cent more than the guide price for what is easily the best development site to have come on the market in Navan in recent years. The successful bidder has agreed to pay €6.4 million – well above the €4 million-plus guide-for the 7.8 hectares (44 acres) […]

Eir’s biggest shareholder, Anchorage Capital, is understood to be in talks to acquire part of rival US hedge fund York Capital’s almost 10 per cent stake in the phone group, which could tip its voting rights above the 50 per cent level. York Capital, which was among a group of Eir creditors who seized control […]

The recently published KPMG CEO Outlook for 2016 shows the trepidation with which Irish CEO’s view the post-Brexit business landscape, compounded by the pressing demands to transform industries as the lines between industries, companies, technologies and customers are increasingly blurred. 64 percent of those surveyed expect their industry to change more in the next

Ladbrokes and Gala Coral said they agreed to sell 359 shops for £55.5m to rivals, in a deal which will reduce their footprint and pave the way for competition authorities to allow their merger to proceed. The pair were told in July they must sell around 350 to 400 shops in order to obtain clearance […]

The British financial industry could lose up to £38 billion (€43 billion) in revenue in a so-called ‘hard Brexit’ that would leave it with restricted access to the European Union’s single market, according to a report commissioned by a financial industry group. If finance firms lose the right to freely sell their services across Europe, […]

Ambitious plan for innovative new PyraCloud Platform aims to drive success in the cloud for the €5bn company. SoftwareONE has today announced a major expansion of its Irish operations, creating 100 new jobs in a move that will increase its workforce across Ireland tenfold over the next three years. The expansion is part of a […]

Biopharma company GE Healthcare is to create up to 500 jobs in the Republic with a €150 million investment in a manufacturing campus. The company plans to establish four prefabricated, off-the-shelf biologics factories at GE BioPark, Cork. In addition, it will also establish an advanced manufacturing training centre at the National Institute for Bioprocessing Research […]