Ian Curran

Dublin

Efforting to take learnings going forward... Business reporter @IrishTimes. Ex @thejournal_ie. @Fora_ie and @ThePhoenixMag. Email: [email protected]

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Articles

Irish inflation jumps to 2.2% as restaurant and hotel prices climb

6 days ago | irishtimes.com | Ian Curran

Headline inflation in the Irish economy jumped 2.2 per cent in April as the price of food and alcohol continued to rise, the Central Statistics Office (CSO) said on Thursday. It means prices were on average 2.2 per cent higher in April than the same month last year, up from 2 per cent in the 12 months to the end of March. The CSO data underlines the challenge to consumers at present. Staples such as a pound of butter is up 97c in the past year, while a kilo of Irish cheddar cheese is up 79c.
FBD Insurance making ‘progress’ with Storm Éowyn claims

6 days ago | irishtimes.com | Ian Curran

The chief executive of FBD Insurance said “progress is being made” in settling claims related to Storm Éowyn but reiterated that the group expects to take a €30 million hit from settlements related to the cyclone, which damaged homes and businesses across the country.
Cairn Homes not yet seeing ‘adverse effect’ of global trade strife

6 days ago | irishtimes.com | Ian Curran

Cairn Homes is not yet seeing any negative consequences from ratcheting trade tensions between the US and its trading partners, but remains “mindful” of the potential for tariffs to increase its costs. In a trading statement issued ahead of its annual general meeting on Thursday, the Dublin-listed home builder affirmed its confidence in its full-year guidance against the backdrop of a “very positive trading environment”.
Woodies DIY owner hails ‘very strong’ start to Irish trading year

6 days ago | irishtimes.com | Ian Curran

Grafton, the building and DIY materials group behind the Woodies and Chadwicks brand, said favourable weather and a recovery in activity after Storm Éowyn contributed to a “very strong” start to its trading year in Ireland against a backdrop of “subdued” demand in the UK. In a trading update issued ahead of its annual general meeting on Thursday, Grafton said its overall performance had been in line with expectations in the first four months of the year.
Markets edge lower ahead of key interest rate decisions

1 week ago | irishtimes.com | Ian Curran

Global shares edged lower and the US dollar rose on Wednesday as investors awaited the outcome of the US Federal Reserve’s latest interest rate decision and digested reports of trade talks between the US and China. Healthcare stocks declined after a controversial appointment to the US Food and Drug Administration on Tuesday. Outperforming its peers, the Iseq index jumped by 1.2 per cent on Wednesday.
Dean hotels lost €8.8m in year before sale to investors

1 week ago | irishtimes.com | Ian Curran

The company behind the Dean chain of hotels lost more than €8.8 million in the year before Paddy McKillen jnr sold a majority stake in the group to US and UK investors. New accounts filed in Dublin by Warlington Key reveal the group generated a turnover of close to €12.8 million in the year, €6.6 million of which came from food and beverage sales. Room and accommodation revenues reached €5.6 million.
Sales at Norbrook’s arm in Republic rise despite wider group challenges

1 week ago | irishtimes.com | Ian Curran

Revenues and staff levels at animal health group Norbrook’s arm in the Republic of Ireland were stable last year despite what its directors described as a “disappointing” performance across the wider group. Accounts filed recently by Norbrook Labs Ireland – which markets and distributes the pharma group’s products in the Republic from its base in Monaghan – reveal a 12 per cent jump in sales in the 12 months to August 2nd last.
Pat Gunne poised to make London office market splash with first purchase

3 weeks ago | irishtimes.com | Ian Curran

A UK investment vehicle headed by Green Reit founder Pat Gunne looks set to make its first splash in the London office market after agreeing terms to buy a 70,000 sq ft scheme in the heart of the city. 3RE Capital Ventures, which Mr Gunne officially launched after he and his business partner Stephen Vernon sold Green Reit to Henderson Park for €1.34 billion in 2019, is set to acquire 11 Baker Street from German property investor Patrizia for around £57 million.
Jameson owner warns of ‘volatile’ and ‘very fluid’ tariff situation

4 weeks ago | irishtimes.com | Ian Curran

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Irish cardiac imaging medtech Luma Vision wins US regulatory clearance

4 weeks ago | irishtimes.com | Ian Curran

Irish medical technology company Luma Vision has secured US regulatory clearance for its cardiac imaging device for use in the treatment of patients suffering from arrhythmias like atrial fibrillation. Formerly known as OneProjects, the company has developed a catheter-mounted sensor system that can take 360-degree, high-resolution images of the human heart. The device represents a significant advancement on currently available technologies that only produce two-dimensional images.