Company Formation Ireland

Discount supermarket giant, Aldi last year enjoyed exponential revenue growth in Ireland and the UK but pre-tax profits fell by 14.5pc to £212m (€234m). The German store continued its expansion in Ireland and the UK in 2015 and new accounts from Aldi Stores Ltd show that revenues for the two countries rose from £6.89bn to £7.7bn. Numbers employed by the group last year increased by 4,000 to 27,963. Aldi [...]

Dublin was the fastest-growing large European airport during August, with passenger numbers rising by 9pc that month to just under three million, according to new data from Airports Council International (ACI). In the eight months to the end of August, it handled 18.9 million passengers, 12pc more than that in the corresponding period in 2015. It's on track to handle 27 million passengers this year, a [...]

Germany’s largest public pensions group, Bayerische Versorgungskammer, is understood to be the lead bidder for the Liffey Valley Shopping Centre in west Dublin, after tabling an offer in excess of €600 million. The shopping centre’s owners, comprising Texas-based commercial real-estate group Hines, HSBC Alternative Investments and the Grosvenor Group, the UK property group operated mainly on behalf of the [...]

A 20% rise in searches for work in Ireland in the 100 days since the Brexit result is almost three times the average increase for the rest of the EU The number of workers in Britain looking for jobs in Ireland has soared by a fifth since the Brexit referendum result, according to recruitment website Indeed. There was a huge spike in the 24 hours immediately after the vote, but the company said latest an [...]

Activity in the construction sector is continuing to expand thanks to a spurt in new business. The latest Ulster Bank construction purchasing managers’ index (PMI) for October rose to 58.7, with the 50 line separating growth from contraction. The report noted rising workloads were feeding through to increases in purchasing activity and employment, while sentiment around the prospects for future growth r [...]