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Crop damage mounts for EU farmers after torrid summer

Crop damage mounts for EU farmers after torrid summer

European farmers are counting the cost of a summer heatwave that has shrunk cereal harvests and shrivelled pastures, leaving some farms struggling to survive and shutting the EU out of lucrative export markets. The severe weather in Europe has coincided with adverse growing conditions in other major grain producing zones such as Russia and Australia, raising the risk that supplies […]

Profit up 5pc at CRH despite weather disruption and currency headwinds

Profit up 5pc at CRH despite weather disruption and currency headwinds

Profit before tax at CRH grew 5pc year-on-year to €497m in the six months to 30 June. The continued growth in profit at Ireland’s largest company came despite weather disruption and currency headwinds, CRH said in a trading update today. Revenues were up 1pc to €11.9bn during the period, while earnings before interest, taxation, depreciation, and amortisation (EBITDA) were also […]

Cairn Homes completes €277m debt refinancing

Cairn Homes completes €277m debt refinancing

Listed housebuilder Cairn Homes has completed a debt refinancing of its existing €200m senior debt facility with AIB and Ulster Bank into a new €277.5m term loan and revolving credit facility with AIB, Ulster Bank, and Barclays. The aim of the refinancing is to help the growth of the business and reduce its finance costs, Cairn said in a statement […]

Microsoft Ireland swapping tech for tyres in 350-km charity cycle for LauraLynn

Microsoft Ireland swapping tech for tyres in 350-km charity cycle for LauraLynn

Microsoft Ireland is swapping tech for tyres as company employees embark on a 350-km cycle to raise funds for a children‘s charity. LauraLynn Children‘s Hospice facilities are located close to the organisation‘s new Irish headquarters in Leopardstown, and this is the fifth year the event has taken place. The team of 82, built from 65 cyclists and 17 crew, are […]

Opposition to Shannon water pipe line vow to fight on

Opposition to Shannon water pipe line vow to fight on

The opposition to Irish Water’s planned water pipeline from the Shannon to Dublin have said that their campaign to halt its construction is going from strength to strength. A number of groups held a meeting in Nenagh Co. Tipperary last night where various issues surrounding the pipeline was discussed. Speaking at the meeting Irish Cattle and Sheep Farmers rural development […]

Agreement reached between Fórsa and Ryanair in pilots‘ dispute

Agreement reached between Fórsa and Ryanair in pilots‘ dispute

Fórsa has said that an agreement has been reached between it and in the pilots‘ dispute. The agreement has been reached following 22 hours of negotiations. The proposed agreement will now go to ballot, with a recommendation for acceptance from Fórsa and its Ryanair pilot representatives. The union has been asked by facilitator Kieran Mulvey to make no public comment […]

Irish developer stranded in US as court orders he surrender his passport

Irish developer stranded in US as court orders he surrender his passport

Irish property developer Garrett Kelleher has been ordered by a judge in a US court to surrender his passport – and remain in the Eastern District of Pennsylvania – until he complies with discovery (disclosure) orders in a decades-long insurance claim dispute with its roots in a civil war in Liberia. The businessman, best known for his backing of the […]