Heineken: results out Monday
For your diary

A round-up of business events happening this week

On a roll: Mondi expects to record a net after-tax charge of approximately €36 million mainly due to plant closure in Finland and Spain

Excluding special items, underlying earnings per share will be in the range 65-70 cent

Jessica Springsteen, on Vindicat W competing at last year’s Dublin Horse Show. Photograph: Dara Mac Dónaill

Up to 100,000 expected to attend RDS to see professionals vie for €1m prize fund

A survey from the  HR Department has found less than six in 10 Irish SMEs  invest in a human resources  function. Photograph: Getty Images/iStockphoto

Irish enterprises are lacking human resources function despite 93% believing it’s crucial

Amneal Pharmaceuticals is to create up to 300 jobs in Tipperary following its acquisition of the former Johnson & Johnson plant (pictured) in Cashel.

US generic drug manufacturer acquires former Johnson & Johnson plant in Cashel

IAG chief executive officer Willie Walsh said the airlines group made an operating profit of €530 million in the second quarter. Photo: Dara Mac Donaill/The Irish Times

Aer Lingus buyer expects to generate an operating profit in excess of €2.2bn this year

Roscommon has the highest rate of convictions in the country for failing to make income tax returns, new data from the Revenue Commissioners shows.

Construction sector has more than double the offenders of any other sector

Louise McCormack and Paul Teahan of Thebestof. The independent web directory franchise  expects to create 90 jobs across Ireland over the next three years.

Organisation’s franchisees showcase the best businesses and events in local towns

 Smurfit Kappa chief executive Gary McGann said EPS growth of 38 per cent, was underpinned by good underlying business conditions and the earnings impact of capital investments. Photo: Alan Betson/The Irish Times

Gary McGann says group is significantly stronger now than at any other time in its recent history

Tullow chief executive Aidan Heavey said revenue was lower due to the fall in oil prices and asset sales.

Explorer says first-half results ‘in line with expectations’ due to decline in oil prices

Dublin house prices  fell by 0.4 per cent in June, but are still 11.1 per cent higher than in June 2014.

House prices fell by 0.3 per cent in Dublin last month, apartment prices declined 0.4 per cent

 Permanent TSB: results on Wednesday

A round-up of other events happening this week

The Irish company recently reached a $250m settlement in a long-running tax dispute in the key region of Uganda

Company expected to announce revenue of about $800m, down from $1.3bn, in results

Ryanair posts Q1 numbers Monday; Aer Lingus figures land on Wednesday, and Thursday is the IAG offer deadline

Ryanair and Etihad have already indicated they will be accepting the IAG offer

Volkswagen slid 2.7 per cent, pacing losses among carmakers, after ‘Manager Magazin’ said a drop in its Chinese deliveries could hurt earnings by more than €1 billion. Photograph: Krisztian Bocsi/Bloomberg

Worsening economic conditions in all markets prompt share slumps

Leo Oosterweghel: “The recession hardly affected us. We were very worried, but people kept coming. We never reduced prices.” Photograph: Eric Luke

‘This place is full on. I enjoy what I do and I like animals.’ Dutchman Leo Oosterweghel wandered the world before he found a plac(...)

ABP chief executive Paul Finnerty said the economic benefits of the redevelopment, particularly during construction, have been delivered during a difficult period for the local labour market.

Redevelopment prohject has created 152 new jobs to date with more expected in the future

Irish founded semiconductor company Powervation has been acquired by Japanese electronics firm ROHM for approximately $70 million.

Irish founded semiconductor company Powervation bought ROHM

Kingspan chief executive Gene Murtagh: The company came under some pressure, and was one of the big fallers onISEQ index. Photograph: Irish Times

US stocks declined as quarterly results from IBM and United Technologies disappointed investors

ChangeX founder and chief executive Paul O’Hara and DFJ Esprit partner Brian Caulfield.

ChangeX raises €400,000 in seed funding from high profile investors including Jerry Greenfield

In total, 1,692 judgments were awarded against consumers in the first six months of 2015.

Courts award more than €200 million in judgments against bad debtors

Bord na Móna recorded an operating profit of €52.4 million for the year ended March 2015, up €2.2 million or 4.3 per cent on the previous year. Photo: PA Wire

Profit up 4.3% despite decline of €9.4 million in annual turnover

Verizon: results on Tuesday

A round-up of business events happening this week

Microsoft chief executive Satya Nadella at a Windows 10 promotion. Photograph: Glenn Chapman/AFP/Getty Images

The online payments giant replaces driller Noble to begin trading as a standalone; Microsoft due to post earnings

Robert Adair: the Petroceltic chairman  said the firm generated $157 million (€143.8 million) of revenue from oil and gas sales

Majority shareholder Capital Managment accuses explorer of squandering value; $282m loss in 2014

GoldCore has completed the sale of its wealth management division following approval from the Central Bank of Ireland. Photo: Bloomberg

Company will focus on precious metals brokerage and storage offering

Protesters picketing the Aer Lingus EGM in Dublin yesterday over pension cuts. Photograph: Alan Betson / The Irish Times

BA owner extends deadline for Aer Lingus shareholders to accept offer of €2.55 a share

Shares in Aer Lingus were flat at €2.50 while Ryanair was one of only a handful of stocks which declined on the Irish market yesterday. Photograph: Alan Betson

European shares hit six-week high after Greece passes austerity measures

Accounts for the National Ploughing Association for the year to the end of January 2015, show after-tax profits jumped more than 20 per cent from €978,856 to €1.19 million.

Turnover was €5.1 million for the year to the end of January, up from €4.5 million the previous year

IAG wants to use Dublin as a transatlantic hub, and has promised to grow services and jobs at the Irish airline

IAG says all resolutions have been passed by shareholders, clearing way for sale

Irish Times business columnist Charlie Fell on being told he had pancreatic cancer

Mouldable glue product Sugru, invented by Irish woman Jane ni Dhulchaointigh, has raised more than £3.5 million in a crowdfunding campaign.

Mouldable glue product invented by Irish woman broke equity crowdfunding records

John Deasy TD (left) with Kevin Giblin, Executive Manager at Mercyhurst College Ireland  and Garda Commissioner Noirín O’Sullivan, pictured in a surveillance vehicle at An Garda Siochanan Headquarters at the launch of the Global Intelligence Forum.

Former director of the US Secret Service to speak at cybersecurity event this week

eBay posted earnings per share of $0.77 in April for the quarter to March-end

Sales at online auction site forecast to rise to €4.4bn this year

‘The opportunity came when we won a deal with the Canadian Central Bank’

Delta Air Lines: results out Wednesday

A round-up of other events happening this week

‘We have managed to grow the company without taking on any debt’

Online payments company Stripe co-founders Patrick and John Collison.

‘We think Stripe should be available to any business in the world’

Sean O’Sullivan, founder and managing director of SOSventures.

‘I decided I didn’t want to put myself at risk of being a cog in the wheel’

Ryanair has said it will accept IAG’s offer for its stake in Aer Lingus. Photo: Alan Betson/The Irish Times

Reports of EU approval comes as Ryanair announced it plans to accept IAG offer for its stake in Aer Lingus

Amelio Group managing director Catherine O’Neill, CD Group chief executive Terry Knox and Vita Liberata chief executive Alyson Hogg at the EY CEO Retreat in Germany

At the EY CEO Retreat in Germany, chief executives are unanimous in the view that no one can succeed in business without taking r(...)

Amazon is one of the country’s biggest data-centre owners, along with Microsoft and Google

Acquisition is set to generate a major jobs boost for the local economy

Annualised gross new lending to SMEs has been increasing steadily since early 2014 and is currently €2.6 billion.

Central Bank report shows half of SME loan applications were for working capital purposes

Avolon chief executive Domhnal Slattery. Avolon increased its fleet by 29 per cent year-on-year to 260 aircraft at the end of June. Photo: Eric Luke/The Irish Times

Irish aircraft leasing company delivered 14 new aircraft and sold three aircraft in Q2

House prices in the Republic increased by more than six times the EU average in the first three months of this year, according to new figures. Photo: PA Wire

Average home price 16.8% higher in first quarter of 2015 than in same period in 2014

PlanNet21 Communications co-founder Denise Tormey.

Technology firm is expanding employee numbers in Ireland

House builder Abbey has reported pre-tax profits of €49.1 million for the year to April, more than double last year’s figure of €24.1 million. Photo: PA Wire

House builder to begin new projects in Wicklow and Dublin ‘imminently’

Oriel Windfarm managing director Brian Britton, Gaelectric chief executive Brendan McGrath and NISA Project Manager Dr Mark Coughlan. The renewable energy companies have announced plans to jointly develop a major offshore wind energy hub in the North Irish Sea.

Wind energy hub expected to create 30 long term jobs for the North East Region

Bank of Ireland fell 0.29 per cent, to 34 cents, with 108 million shares traded

Euro hits five-week low against dollar as euro zone leaders hold emergency summit

Former president of the European Parliament Pat Cox. “My strong hope is that they can collectively find the wisdom to work together on a solution that is viable and acceptable to both sides”

Ibec says turmoil in Greece over recent months highlights folly of economic brinkmanship

In Dublin Kerry Group ended the day 0.87 per cent lower at €66.18

Providence gains 3.2% on acquisition of Atlantic Petroleum’s 4% stake in licence off southwest coast of Ireland

Philip Smith, former chief executive of insurance company RSA, was awarded €1.25 million by the Employment Appeals Tribunal for constructive dismissal.

Insurance company ‘astonished’ by amount of award made by employment tribunal

Officer Commanding LÉ Samuel Beckett Lt Cdr Anthony Geraghty, Minister  for the Marine Simon Coveney, Conor Healy, chief executive  of Cork Chamber, and Bord Iascaigh Mhara chairman Kiernan Calnan. Photograph: Darragh Kane

From 2012 to 2014, ‘blue economy’ continued to outperform national economy, with growth rates of 8%

Samsung president of corporate affairs Sangwoo Kim: one of the speakers at  Asia Business Week

Week to focus on how Ireland can increase business with Asia, through a business and cultural events to promote business learning(...)

Jack Dobson, co-founder of Dunbia.

‘We have taken no dividends as we are focused on growing the business’

Terry Knox, chief executive of CD Group.

‘There is no such thing as bad advice’

Kenneth Greene, Greene Farm Foods founder and managing director.

‘I grew up on a family farm . . . I always wanted to own my business’

Paul Young, co-founder and chief executive of Kilkenny-based Cartoon Saloon.

‘If we have a fan in Donegal or Kansas they can find our film on Netflix’

The number of people employed by US companies in Ireland, such as Google, now stands at an all-time high of 140,000. Photo: Cyril Byrne/The Irish Times

American Chamber says two-thirds of Irish people underestimate level of employment in US firms

One51 group chief executive Alan Walsh said IPL gives the company access to significant new markets.

Acquisition will significantly increase Dublin headquartered One51’s international reach

On-demand cleaning start-up Hassle.com, co-founded by Irish woman Jules Coleman, has been acquired by German rival Helpling.

Helpling and Hassle enable customers to book cleaners online or via smartphone app

Sean O’Sullivan, managing director of SOSVentures

Poor New York boy makes good – and this rags-to-riches story takes in high school janitoring, a near-death helicopter experience, (...)

Minister for Business and Employment Ged Nash at the launch of ProSeeder’s European technology centre with Colm Browne, director of European Operations, and Lorcan Wogan, software engineer, ProSeeder, and Michael McLoughlin, chief executive of ConnectIreland.

Company has 160,000 Irish customers and 200,000 UK customers across its 14 brands

AIB has said no redundancies will result from its plans to outsource a number of services within its application development and maintenance division. Photo: Alan Betson/The Irish Times

Finance union IBOA urged bank to reconsider strategic implications of outsourcing IT activities

The number of people signing on the Live Register fell by 2,300  in June.

356,520 people signed on last month, an annual decrease of 42,293 or 10.6 per cent

Ryanair has reported a 14 per cent increase in passenger numbers for June. Photo: Alan Betson/The Irish Times

Airline carried a total of 9.5m passengers last month, up from 8.3m in June last year

Malin will appoint three directors to the board of 3D4Medical, including former head of Google Ireland John Herlihy. Photo: Cyril Byrne/The Irish Times

Life sciences firm will appoint former Google Ireland head John Herlihy to 3D4Medical board

Permanent TSB has said it will allow about 70,000 mortgage customers on standard variable rates of 4.5 per cent to move to new rates that will start from 3.7 per cent. File photograph: Alan Betson/The Irish Times

Taoiseach hints October’s budget could be used to ‘deal with the banks’ on issue

Crowdfunding site Indiegogo has crashed following a wave of donations to bailout Greece.

More than €700,000 donated by public to bailout campaign for Greece

Retail sales decreased by 0.3 per cent last month, according to figures from the Central Statistics Office (CSO). Photo: Brenda Fitzsimons/The Irish Times

Sector with largest monthly decrease was food, beverages and tobacco which fell 4.8%

Approximately 2,461 mortgages were approved per month, in the three months to the end of May 2015. Photo: Aidan Crawley/Bloomberg

Average monthly value of mortgage lending increases to €52 million

Petroceltic chairman Robert Adair said the exploration firm  generated $157 million of revenue from oil and gas sales last year. Photo: Dara Mac Dónaill/The Irish Times

Exploration firm writes-off $183m due to unsuccessful wells in Kurdistan, Romania and Egypt

AbbVie chief executive Rick Gonzalez and Taoiseach Enda Kenny at the official opening of the newly expanded AbbVie facility in Sligo last year.

Biopharmaceutical company to create 50 new jobs over next four years in Ballytivnan

Davy Stockbrokers said the operating environment remains challenging for drinks group C&C across key markets. Photograph: Bryan O’Brien

Owner of Bulmers cider and Tennent’s lager reported revenue growth of 10.3 per cent for the year to the end of February

HTC: Results on Wednesday

A round-up of business events happening this week

Advances in seafood and seaweed processing  will be among the topics discussed

NutraMara, the Marine Functional Foods Research Initiative, will host event showcasing new ideas

IIS chief executive Morgan Browne

‘Access to credit in the Irish market is still very much based around property’

Catherine O’Neill, managing director of Amelio Group

The managing director, who is now 25, began the business on her parents’ kitchen table

Darragh Richardson, founder of Agile Networks

‘Don’t say yes if you really mean no. This is a particular trait we have in Ireland’

Dave O’Flanagan, chief executive of Boxever

The company offers a data solution so travel firms can improve the customer experience

Shares erased a decline of as much as 0.8 per cent after an official said Greece’s creditors proposed a five-month extension to the aid programme and €15.5 billion in disbursements to help seal a debt agreement. Photograph: Simon Dawson/Bloomberg

Talk of extension to bailout programme erases decline in European stocks

Morgan Browne: said about 30 of the jobs would be in Ireland, with the remaining 20 based abroad

New positions come as company experiences sustained growth

Anne Heraty: 2006 EY Entrepreneur of the Year and Cpl Resources chief executive

Irish entrepreneurs will gain exposure to leading local business leaders and consultants

DublinBeta: “It’s a really diverse audience and start-ups can get feedback on their app, technology and business,” according to organiser Gene Murphy

Quarterly event is in its 14th year and acts as a networking platform for Irish start-ups

Slainte Healthcare chief executive Andrew Murphy and Beacon Hospital chief executive Michael Cullen.

Sláinte Healthcare signs multimillion-euro deal to instal medical record software

Graham Stubbs: chief executive of Diona, a company which provides enterprise mobility solutions and consulting services

‘Being surrounded by brave people is often the difference between giving up and doing what is necessary to succeed’

Alyson Hogg: ‘I come from Northern Ireland, where the mantra would be to keep what you have made for the family. Taking investment is viewed as a form of failure.’

‘The hardest thing I have ever done was to sell part of the business to survive’

Frank Madden: founder and director of Crest Solutions, a provider of machine vision inspection and track and trace solutions to packaging and manufacturing sites

‘The best advice given to me at the beginning was to do more than you are paid for, take responsibility and finish every job regar(...)

Denise Tormey:  president and co-founder of PlanNet 21, a specialist integrator of technology solutions

‘Our unique selling point would be our ability to adopt new technologies in our area fast and effectively become market leaders’ (...)

BlackBerry: results out on Tuesday

A round-up of business events happening this week

 Declan Black, managing partner Mason Hayes & Curran.  Photograph: Eric Luke / The Irish Times

Once a travelling book salesman, Declan Black is now managing partner at Mason, Hayes & Curran

Prof John Morrison:  current cloud service delivery models were inefficient with regard to energy consumption

CloudLightning aims to develop a power-efficient cloud computing infrastructure that will simplify access to cloud resources

Permanent TSB finished the day up 2.8 per cent at €4.45 following a positive note from Bank of America

Wall Street slightly higher as US weighs up chance of a Greek deal with creditors

EMC vice president Bob Savage, Minister for Jobs Richard Bruton and Vodafone chief executive Anne O’Leary. EMC and Vodafone have co-invested €2 million in a new Internet of Things innovation platform.

Platform will allow businesses to test IoT solutions in areas such as manufacturing and health

 Smurfit Kappa chief executive officer Gary McGann. The packaging company  has announced a €60 per tonne increase in recycled containerboard prices. Photo: Alan Betson/The Irish Times

Packaging group to be added to the S&P Europe 350 and S&P UK indices

DecaWave chief executive Ciaran Connell said the funding will be used to quicken the development of the company’s next–generation technology.

Irish semiconductor firm will use funding to accelerate the development of its technology

Pointy cofounders Charles Bibby and Mark Cummins  say shops worldwide have similar problems to the Irish retailers, which means their start-up can be scaled globally. Photograph: Colm Mahady/Fennells

Pointy is hoping to keep €3.6 billion in online sales in Ireland

A wind farm development at Bruckana on Bord na Móna’s cutaway peatland on the Laois, Kilkenny, Tipperary borders. Photograph: Niall Carson/PA Wire

Wind energy firms put €800m of infrastructure on show to interested businesses

Intel vice president Margaret Burgraff will be among those who will speak at the three-day sci-tech festival Inspirefest

Three-day event aims to showcase diversity and leadership in Stem sectors

Michael O’Dwyer: chief executive of TyreCheck, a supplier of business automation, fleet and tyre management, customer relationship management and tyre sales solutions to the global tyre market

‘I had a situation in a previous business where we had to downsize. Telling a colleague they no longer had a job was by far the ha(...)

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