News

The average household is facing a €330 price increase on their annual grocery bill, according to the latest figures from consulting company Kantar. 23% of households also said they are now struggling to make ends meet when it comes to their weekly food shop, Kantar added. Today’s figures show that grocery price inflation hit 4.7%…

Farmers are set to benefit from a new silage support scheme that is being brought to the Cabinet for approval by Minister for Agriculture Charlie McConalogue later today. Under the proposed scheme, farmers will be entitled to a payment of €100 per hectare of silage they cut, up to a maximum of 10 hectares. The…

Trade union members working in the community sector and for Section 39 healthcare organisations are to hold a protest in Dublin today. The demonstration is being staged to call for better pay and conditions and for greater recognition of the work being carried out by employees in the sector. The workers involved are employed by…

Rapid manufacturing growth continued at a similar level in April compared to a month earlier as the strongest boost to employment in almost a year mostly offset a slight slowdown in new orders and output growth, a survey showed today. The AIB S&P Global manufacturing Purchasing Managers’ Index (PMI) fell slightly to 59.1 from 59.4…

Smurfit Kappa said its revenue and core profit both rose by 33% year on year in the first quarter, which the boxmaker attributed to significant investment to support growing demand and ensure security of supply. In a trading update ahead of its AGM today, Europe’s largest paper packaging producer said demand remains strong in the…

KBC Bank Ireland said it has decided to extend the notice period for the closure of current accounts from 90 days to six months. The move brings it in line with Ulster Bank, which is giving customers six months to move their accounts, and comes days after the regulator told banks that they need to…

AIB said it has started exclusive discussions with NatWest for the acquisition of about €6 billion of Ulster Bank’s performing tracker mortgages. The bank said that any potential transaction remains subject to negotiations and agreement. It is believed that up to 40,000 tracker mortgages could be included in the sale. The Competition and Consumer Protection…

Home builder Glenveagh Properties said it is on track to deliver 1,400 suburban homes in 2022 with 80% now sold, signed, or reserved. In a trading update ahead of its AGM today, Glenveagh said it has a total order book of 2,160 units across its suburban and urban segments. These include 358 suburban homes currently…

Food technology and ingredients company Kerry Group said it was seeing continued strong business growth during the first quarter of 2022 as it reaffirmed its full year earnings guidance. In a trading update, Kerry reported group volume growth 5.6% for the three months to the end of March. Kerry said its Taste & Nutrition division…

Google will continue to invest in Ireland, saying changes to the international corporation tax regime make “no difference at all” to their investment plans. In an exclusive interview with RTÉ News, the chief executive of Alphabet, the parent company of Google, said: “We are going to continue to invest – We have invested over €1.5…