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Tuesday 30 May 2023 Dublin: 8°C


All time
# spinning around
These maps show Ireland's third level spin-off companies - but what do they tell us?
The country’s spin outs all in one place – but what do they need to survive?
# Thinking capital
How to: spin a company out of a third-level institute
The ideas might be there, but the product isn’t always.
# app-ly yourself
What I learned: striving for the paperless classroom
Tablet computers could soon replace books – but it’s not as simple as just adding iPads.
# Back To School
The Big Idea: The Dublin education company building a global audience of 1 million students
Examtime is just 18 months old, but already is making waves in the education world by putting students first.
# Bootstraps
SME Focus: Everything you need to know about innovation and SMEs
For our in-depth coverage of Irish SMEs last month, we focused on the opportunities in the tourism sector.
# inbox me
The Briefcase: The €1 trillion question, queues for houses, and the charm of Michael Noonan
This was the week in business.
# Cooling Off
Dundalk smarter homes start-up wins European business gong
Climote is billing itself as a rival to Nest, which was purchased by Google for $3.2 billion.
# Gannon Homes
Nama'd developer of Swords homes made €143 million loss in 2012
Developer Gerry Gannon was also part of the Maple 10 Anglo Irish Bank transaction.
# Changing horses
There's a new man in the saddle at Paddy Power
Analysts said they’re unconcerned by Andy McCue’s lack of online experience.
# sell off
Ulster Bank is selling a massive €1.7 billion Irish loan book
The bank is hoping to sell its non-performing loans while interest in the Irish market is strong, experts said.
# Upward trend
New homes 'won't be built fast enough to keep a lid on prices'
We’re seeing a recovery, but it’s not a ‘quality’ recovery.
# Special Relationships
We have the US and UK to thank for the strength of our services sector
Exports from multinationals shouldn’t cloud a strong underlying performance, economist said.
# Mind your manor
Got €27 million to spare? Five star Adare Manor could be yours
The real estate agent this morning denied that Nama is selling the property.
Return of the old guard at Quinn Group as long-time stakeholders swoop on sales process
Sean Quinn has given his ‘moral support’ to the bid.
# This Charming Man
Michael Noonan's going on a European charm offensive worth hundreds of millions
The Minister is looking to seal a deal for early repayment of our IMF loans, which would bring down repayments considerably.
# music to their ears
Ireland's last home-owned record store is back in the black
Golden Discs has seen a reversal in fortune, returning to profit this week
# Office space
Nosebleed office rents could force companies to 'fringe' of Dublin city centre
Dublin 1, 3, 7 and 8 could become more sought-after thanks to supply constraints
# debt problem
Ireland has a €12.5 billion problem mortgage mountain to climb
The headline number of arrears has fallen, but ultra long term problem loans continue to climb.
# ryan holiday
SME book club: lies, damned lies and blogging
Each month, as part of’s SME coverage, we’ll be reviewing a business book that makes a difference.
# disaster zones
This Galway husband and wife team found a new purpose for drones - saving lives
Disaster Tech Lab uses drone mounted sensors to search for survivors using WiFi signals.
# every little hurts
Tesco's position as top Irish supermarket choice is looking increasingly shaky
No prizes for guessing who the UK seller is losing ground to…
# penny in the jar
'Largest ever' fundraising campaign planned for Mayo craft distillery
Nephin Distillery is hoping to raise €114,000 over the next 35 days.
# growth spurt
Good news: the manufacturing sector just hit 15 year highs
Ireland is bucking the wider European trend with overwhelmingly positive figures for last month.
# Deflation stations
Pressure is mounting on Mario Draghi to turn on the cash taps
Weak inflation data from the EU could force the Italian’s hand.
# borrower nor a lender
Irish aversion to debt is "most disappointing" aspect of recovery
Loan repayments were €437 million higher than new lending last month.
# inbox me
The Briefcase: The biggest landlord in the land, wage rows and Limerick's new oil barons
This was the week in business.
# Done Deal
Nama's €211 million deal this morning has made this company Ireland's largest landlord
Just the €50 million above the guide price, so.
# finishing touches
The new owner of these Dublin apartments is paying €25 million just to finish them off
Hibernia bought the apartments from Ulster Bank as part of a €67 million deal earlier this year.
# high spirits
Americans are acquiring a taste for Jameson - but it's not so bright at home
Sales are up nearly 10% in America, but are struggling at home.
# motoring along
142 registrations drive 'exceptional' consumer spending last month
Car sales are a massive 32.1% higher than last year.
# Paddy whacked
Canny punters give Paddy's profits a €34 million kicking
But they still made over €60 million so far this year, so our sympathies are limited.
# Paper money
Independent News and Media sees headline profits surge
INM has doubled its net profits, despite taking an on-paper loss on its Australian interests.
# taxing
Irish households pay just under 24% in tax, a new study says
If you’re at the bottom or the top of the income charts, you pay more than the average.
# toil and trouble
13.4% jump in prices means we have a 'frothy' property market - but is it a bubble?
Latest data from the CSO shows that prices around the country are significantly higher than last year.
# Paid the cost
The SFA is warning the new small business minister to steer clear of wage hikes
This afternoon Ged Nash said that businesses should try and award pay increases where possible.
# Inn business
An average Irish hotel room is used about 220 nights of the year
Many rural hotels are still treading water, while business perks up in Dublin
# executive treatment
Ryanair has taken the wraps off its business class 'goodies' (but there's no little blue curtain)
But there will be (a few) seats with extra leg room.
# tech set
Show me the money: the reality of investment in Irish tech
Investment in indigenous tech companies has rallied during the recession – but what’s driving it?
# Well well well
A Limerick company could have found $10 billion worth of oil in Tunisia
Circle Oil’s share price jumped almost 25% on the news.
# profit margins
UK sales are saving Kingspan's profits with Irish revenues static
Overall, the building giant’s profits were up by 24% compared to 2013.