Alan Healy

1 week ago | irishexaminer.com | Alan Healy

US transport firm Lyft is buying mobility platform FreeNow from German automotive giants BMW and Mercedes-Benz for €175m to expand into the European ride-hailing market. Under pressure from dominant ride-hailing rival Uber Technologies in its home North American market, Lyft has been seeking new avenues to grow its business.

1 week ago | irishexaminer.com | Alan Healy

Kerrygold owner Ornua reported a 12% rise in operating profit last year to €130.5m as turnover remained flat at €3.4bn. The company said it purchased €2bn in premium products from Irish farmers last year and made premium payments of €72.8m to farmers. In the US, where it faces a major threat of tariffs, its Kerrygold brand continued to experience volume sales growth, further strengthening its position as the number two branded butter in the world’s largest consumer market.

1 week ago | irishexaminer.com | Alan Healy

UK property management firm Fresh has expanded its operations in the Irish market, taking over the running of four of Round Hill Capital's student apartment accommodations. The company is now running three centres in Cork and one in Dublin: Broga House, on Cork's Western Road in the former Square Deal site; Curraheen Point on Farranlea Road; Ashlinn House on the Bandon Road; and Ardee Point in Dublin's Liberties. The four sites operate under Round Hill Capital's Nido student accommodation brand.

1 week ago | irishexaminer.com | Alan Healy

The global economy is gearing up for another turbulent week with trade and tariffs set to dominate once again as central banks meet to discuss key interest rate decisions and another corporate results season kicks off. The market will be closely watched again, with investors hoping for some stability after trillions of dollars were wiped out last week despite US president Donald Trump eventually climbing down on his threat to raise tariffs on almost every country across the globe.

1 week ago | irishexaminer.com | Alan Healy

Ernest Cantillon and James Jardella's whiskey trading platform startup has raised €1.2m in seed funding to secure its launch later this year. Backed by Enterprise Ireland’s High-Potential Start-Up (HPSU) programme, LYQD will operate as a secure and transparent platform for trading Irish whiskey casks and bulk whiskey. The funding is from mixed sources, mostly Irish, including private investors, Enterprise Ireland and a prominent family investment office.