Ulster Bank has announced 124 redundancies nationwide as part of a major restructure of its retail branch network.

Bank says redundancies are part of a major restructure of its retail branch network

Hostelworld has said trading over the second quarter has been below expectations as a result of weaker demand in Europe in the aftermath of the Paris and Brussels attacks.

Company says bookings slowed in the aftermath of the Paris and Brussels attacks

Revenues at agri-services group Origin Enterprises fell by 1 per cent to €555.5 million in the three months to the end of April.

Agri-services group said trading conditions in Poland were ‘extremely challenging’

GameStop: results are out on Thursday

A round-up of business events happening this week

Louise Phelan of PayPal: to speak at Tech Connect Live event taking place in the RDS on Wednesday. Photograph: Alan Betson / The Irish Times

Tech Connect Live takes place in the RDS with more than 3,000 entrepreneurs, investors and media expected to attend

Ryanair chief executive Michael O’Leary. Photograph: Stefan Rousseau/PA Wire

Airline raises passenger traffic forecast to 106m, from target of 100m in February

Irish petrol forecourt firm Applegreen has reported a “positive start” to 2016, with higher trading volumes in all categories.

Irish firm opened three new filling stations and two new service areas since 2015

Northern expansion: Deloitte is to create 300 jobs in Northern Ireland as part of an ongoing investment programme that is expected to grow its local workforce to 1,000 by 2020. Photograph: Getty

Deloitte and Saleforce also hiring as demand for skilled labour spreads beyond Dublin

Burberry: results out on Wednesday

A round-up of business events happening this week

Mark Redmond of American Chamber which is behind the US-Ireland Research Innovation Awards. Photograph: Nick Bradshaw

Awards are a joint initiative between the American Chamber of Commerce and the Royal Irish Academy

Leading the way: Paul O’Connell gives players a pep talk during a recent rugby international. Photograph:  ©INPHO/Dan Sheridan

Former Ireland rugby captain Paul O’Connell to share his leadership secrets

Brewers: Jason Carroll (second from left), with Peter Simpson, Fedora Heavey and Aisling Ryan at Guinness’s experimental Open Gate Brewery at St James’s Gate in Dublin. Photograph: Maxwells

A background in music production paved the way for one brewer

 Manchester United captain  Wayne Rooney: the club’s results are due out on Thursday.  Photograph: Reuters / Jason Cairnduff

A round up of business events happening this week

3XE Digital  conference director Adrian Hopkins and Ross Sheil, head of mobile (EMEA) at Twitter.

Data Solutions survey finds 20% of Irish businesses have been targeted by hackers

In a Chartered Institute of Management Accountants (CIMA) survey a third of respondents said the single biggest barrier to more effective decision making is co-ordination problems caused by organisational silos and bureaucracy. Photograph: Jamie Grill/Iconica/Getty

Information overload, bureaucracy and lack of trust cited in poor decisions

The ChangeX team: Paul Watson, Paul O’Hara, Niamh McKenna, Daniel Paul and Julia Hildebrand.

New investors include MyFitnessPal chief executive Mike Lee and Enterprise Ireland

Ferrari: results are out today

A round up of business events happening this week

Simon McKeever, chief executive of the Irish Exporters Association: will speak about trade relations between the UK, Ireland and the EU. Photograph: Paul Sherwood.

Sales turnover figure highest since statistics first collated by ABFA in 2002

Pfizer: company executives faced sharp criticism from shareholders at the agm last week in relation to the failed Allergan merger. Photograph: Michael Nagle/Bloomberg

Analysts’ consensus range for Pfizer is $0.52-$0.58 for earnings per share

 First Citizen Finance has won approval from the State-backed Strategic Banking Corporation of Ireland (SBCI) to offer low-cost financing to agri-business SMEs. Photo: Bloomberg

Company to distribute €50m in loans to agri-businesses for machinery

Cairn said the six Dublin sites acquired amount to 164.5 acres of land. Image: Thinkstock

Irish housebuilder to begin construction on Griffith Avenue site in Dublin shortly

Food retailer and wholesaler Musgrave has bounced back into profit, following losses of €9.6 million in 2014.

Food retailer and wholesaler recorded revenues of €4.4 billion last year

 Minister for Jobs, Enterprise and Innovation Richard Bruton said the announcement by Kellton Tech that it is establishing its EMEA HQ in Drogheda,  is a major boost for the North East and for regional plans generally. Photo: Cyril Byrne/The irish Times

Global IT company to establish EMEA headquarters in Co Louth

Rapseed plants in  fields in Gloucestershire, England. Origin Enterprises has reported “disappointing” trading for the third quarter, with the group achieving lower revenues across its markets in Ireland, the UK and Poland.

Agri-services group said bad weather in March and April led to increased crop losses

 Porsche: Car firm’s results due on Friday. Photograph:  Nicolas Mollo/AFP/Getty Images
For your diary

A round-up of business events happening this week

Dublin Tech Summit organiser Ben English: “We want to build a positive international message out of the tech summit.”

Organiser wants to ensure capital remains focal point following Web Summit departure

Testing the Gear VR (virtual reality) headsets, manufactured by Samsung Electronics. Photograph: Chris Ratcliffe/Bloomberg

Croke Park conference will focus on AR and VR applications for digital communications

Volkswagen lost 1.3 per cent, paring a drop of as much as 6.1 per cent, after more than doubling the provisions toward payments in its cheating scandal. Photograph: Julian Stratenschulte/AFP/Getty Images

Highs earlier in the week wound back on disappointing US earnings and motor rout

McDonald’s results ard due out on Friday. Photo: Paul J Richards/AFP/Getty
For your diary

A round up of business events happening this week

John Moran: addressing business leaders on whether Ireland needs another economic hub to balance Dublin. Photograph: Alan Betson / The Irish Times

Dublin Chamber of Commerce talks consider long-term vision for Dublin region

“Defining an integrated data technology and analytics strategy is a critical business driver to delivering newer and faster insights into the critical information which really matters”

Many security professionals do not know what they are trying to protect – survey

Collins McNicholas managing director Niall Murray. The recruitment  firm reported a 20 per cent rise in job vacancies registered with the company in the first three months of 2016.

Recruitment firm says number of candidates registering has increased by 26 per cent

Primark, the Dublin-headquartered retailer that trades in Ireland as Penneys, opened its first store in Italy today.

Dublin-headquartered retailer will employ 400 members of staff at first Italian store

Tesco: its results are out on Wednesday.  Photograph: EPA/WILL OLIVER
For your diary

A round up of business events happening this week

President Michael D Higgins: to give the opening address at the Engineers Ireland annual conference in Kilkenny. Photograph: Dara Mac Dónaill

Conference to address sector’s support for sustainable economic recovery

Peter Sandys, managing partner at Seroba Life Sciences, and Aidan Meagher, head of life sciences at EY: “It is essential that we continue to nurture high potential start-ups and give them the opportunity to grow their business”

Venture capital firms with more than €13bn in funds will seek investment opportunities

Pamela Newenham:  Consisting of an intense programme of pitching workshops, mentoring sessions and talks with investors, lawyers, journalists, experts and entrepreneurs, Blackbox Connect aims to give participants access to the knowledge and resources of Silicon Valley

Blackbox Connect, a Silicon Valley immersion course, aims to level playing field for foreign entrepreneurs

Waterford Institute of Technology: the extension to WIT’s Carriganore campus will enable the institute to double its capacity to support technology start-ups in the southeast region. Photograph: Paddy Whelan

Waterford Institute of Technology secures €2.5 million funding to expand ArcLabs

The outlook for the global economy remains uncertain, and 2016 will be a no less challenging year for the ECB, Mario Draghi said in the bank’s annual report today.

ECB president says there are questions about Europe’s ability to withstand new shocks

IDA Ireland chief executive Martin Shanahan said the IDA’s growth markets division is actively targeting a number of companies in Australia and this investment win will assist in IDA’s marketing efforts there. Photo: Alan Betson/The Irish Times

New positions will be in operations, multi-lingual sales, marketing and support

Out Friday: figures for Irish industrial production (March). photograph: ina fassbender/reuters

A round up of business events happening this week

Social Entrepreneurs Ireland chief executive Darren Ryan said social entrepreneurs can bring about real change in society, just as entrepreneurs can drive change in business.

Previous recipients include CoderDojo, FoodCloud, Pieta House and Smartvote

Digital economy: “Of the estimated €6 billion spent online annually by Irish consumers, 60 to 70 per cent goes overseas.”

More than 1,000 people are expected to attend DigiCon in Cork this week

Zeto software has been deployed across Lidl’s 182 Irish stores.

Software firm has recently secured major contract with discount retailer Lidl

The examinership process saved 138 jobs at troubled SMEs in the first quarter of this year, a decline of 63 per cent on the same quarter last year.

Examinership process saved 138 jobs at troubled SMEs, a decline of 63 per cent

Fyffes has acquired Canadian mushroom producer Highline Produce for CAD$145 million (€97.7 million).

Shares rise after purchase of Canadian mushroom producer

The Central Bank says consumers must be provided with a clear explanation of the advice being given. Photograph: Matt Kavanagh/The Irish Times

Watchdog wants to ensure process is more positive and focused on the consumer

Fiona Muldoon: FBD chief executive  received a salary of €360,000, pension contributions of €60,000 and benefits of €29,000.  Photograph: Cyril Byrne

Former chief Andrew Langford got €594,000 pay package last year, report shows

 Beats Medical chief executive Ciara Clancy.

Working to improve mobility for people with Parkinson’s disease

A trader works on the floor of the New York Stock Exchange: Wall Street inched up in quiet trading, helped by energy stocks, as a tumultuous quarter draws to a close.  Photograph: Michael Nagle/Bloomberg

Dublin heavyweight CRH’s shares down 1.5 per cent as Paddy Power climbs 1.1 per cent

Danske Bank has topped the list of complaints made by consumers to the Irish Financial Services Ombudsman (FSO).

Level of compensation paid out increased 16 per cent to €1.1 million last year

After more than 30 years at the helm of builders merchanting and DIY company Grafton Group, Michael Chadwick is stepping down.

Michael Chadwick and the growth of builders merchanting and DIY company Grafton

BlackBerry: its results are due out on Friday
For your diary

A round up of business events happening this week

Republican presidential candidate Donald Trump recently called out Ireland for taking US jobs.

Predictions for March jobs numbers range between 145,000 and 235,000

Google will run the 12-week programme which includes a lecture series based out of the company’s Irish headquarters. photograph: Paul McErlane/Bloomberg via Getty Images

Deadline for applications to 12-week programme is this Friday

Photograph: PA Wire

ING has found that Britain leaving the EU could knock 1.1 percentage points off Irish GDP

Oculus VR has finally begun shipment of its Oculus Rift virtual reality headsets.

Headset started as a Kickstarter campaign before being acquired by Facebook for $2bn

Future Finance chief executive Brian Norton.

Brian Norton says new investment will enable firm to make even more student loans

The company has created a 124-page presentation on its work culture, which has been shared more than 13 million times on SlideShare

Company begun as DVD-by-mail service enjoying success by concentrating on its staff

Guidecentral was founded in Dublin in 2012 by Gaston Irigoyen who had been working as a senior sales executive at Google’s European headquarters. Photo: Alan Betson / The Irish Times

Enterprise-Ireland backed company will remain a separate brand

Nikie: results out on Tuesday. Photograph: REUTERS/Eduardo Munoz
For your diary

A round up of business events happening this week

Wind energy: conference will be told public support in Ireland has grown in recent months for this type of energy. Photograph: Cyril Byrne

IWEA event will also focus on Ireland’s path to low-carbon energy independence

Willie Walsh, chief executive of Aer Lingus parent International Airlines Group (IAG), took home a total pay packet of €8.8 million last year.

CEO of Aer Lingus parent received a bonus of €1.8 million last year

British chancellor George Osborne said the levy on the soft drinks industry will be introduced in two years’ time, in two bands depending on how much sugar is in a drink. Photograph: Getty Images

Levy will be introduced in 2018, giving firm time to boost low-calorie variety portfolio

Albert Manifold: his €5.5 million remuneration last year included basic salary of €1.2 million, a cash bonus of €1.4 million and €484,000 in deferred shares. Photograph: Cyril Byrne

Figures boosted by a €4.9 million award under long-term incentive programme

Cesanta’s founders Anatoly Lebedev and Sergey Lyubka: Lebedev will speak about security for the internet of things at CeBit this week

Chief executive Anatoly Lebedev to talk about security for the internet of things at international technology conference

The Zig and Zag animation series which is co-produced by JAM Media, along with  Double Z and Flickerpix.

450 students expected to attend Animation Dingle Festival in Kerry this week

The MY ‘Triple Seven’ which is serviced by Global Yachting Group: the annual running costs for a superyacht can equate to about 8-10 per cent of the original cost of acquisition of the vessel

Company is a leading provider of services to the world’s luxury ‘superyachts’

Applegreen: results today
For your diary

A round up of business events happening this week

Aaron Hirschhorn of DogVacay which matches pet owners with care takers and is cheaper than traditional boarding/kennels

You can park in a privately-owned parking space or use the home wifi network of others

In Dublin, Permanent TSB jumped 4.99 per cent to finish the day on €2.90. Photograph:  Alan Betson

Rising oil prices boost world markets after IEA said oil may have reached a price floor

Ratings agency DBRS has upgraded Ireland’s credit rating to A (high), and revised its outlook for the country from stable to positive.

Outlook for public debt sustainability in Ireland ‘has materially improved’

Shares bounced back on Friday, as traders reassessed European Central Bank president Mario Draghi’s expanded stimulus package.

AIB, Bank of Ireland, Permanent TSB all advanced by more than 4.9 per cent

Transport fell mainly due to lower diesel and petrol prices, a reduction in the price of cars and a fall in air fares which was partially offset by an increase in bus and taxi fares.

Transport costs fell due to cheaper diesel and petrol, and a reduction in the price of cars

The average price paid for farm land in Ireland fell by almost €1,000 per acre last year, according to a new report from the Irish Farmer’s Journal.

Kildare tops list for most expensive land values at €13,886 per acre

C&C said the cider category in Ireland continues to lose market share to other long alcohol drinks, with the Bulmers brand ceding ground to the distribution build of new arrivals.

Drinks group says Bulmers brand is continuing to lose market share in Ireland

Mario Draghi: ECB interest rate decision is due on Thursday. Photograph:  REUTERS/Eric Vidal

A round-up of business events happening this week

US president Barack Obama: will address the South by Southwest Interactive festival in Austin, Texas which will be attended by several Irish start-ups.  Photograph: Michael Reynolds/EPA

IDA and Irish start-ups heading for prestigious event in Austin, Texas

Prof Louise Richardson: she will deliver the keynote speech at the Accenture get-together

International Women’s Day to celebrate the successes in gender equality over the last century

Facebook is a generous employer, with the average salary of its Irish workforce in the six figures, due in part to share based compensation.

Social media giant’s Dublin office services more than one billion users per month

Wireless Group - formerly UTV Media – has said its chief executive John McCann will retire from the company in May. Photo: Eric Luke/The Irish Times

Media company has successfully completed the sale of UTV Television to ITV

Alan Walsh, senior director of customer service, EMC, Boston

Wild Geese: Alan Walsh of EMC, Boston

Tech giants including Google, Facebook, Microsoft, Dropbox and more than two dozen other Internet companies have filed legal briefs supporting Apple in its encryption battle with the US government.

Microsoft says unity reflects shared concerns among firms about ramifications of the case

The euro zone’s blue-chip Euro STOXX 50 index weakened by 0.3 per cent. The Stoxx Europe 600 Index slid 0.5 percent, falling for the first time in six days. Germany’s DAX and the Cac 40 in France were both slightly lower

Chemicals firm Evonik and big healthcare stocks among the worst performers

The Strategic Banking Corporation of Ireland (SBCI) urged Irish SMEs to explore new sources of funding in addition to traditional bank lending.

Strategic Banking Corporation of Ireland urges SMEs to look at new sources of funding

It is alleged that an overrun of approximately €576,000 on a capital project in the Republic of Ireland was concealed by allocating certain costs of that capital project to the North West Pipeline in Northern Ireland.

Whisleblower complaint centred on improper allocation of costs

 Facebook: the social network wants to bridge the new mobile economy for small businesses. Photograph:   Reuters/Dado Ruvic

Social network’s feature aims to help businesses create short promotional videos

PayPal’s vice president of global operations (EMEA) Louise Phelan: “ many of the roles we create are suitable for unemployed people whom we recruit from the live register.” .

Payments company will fill customer service and team leader roles by mid-April

Niamh Fitzsimons: ‘It does not feel like work when you are passionate about what you do’

Surface pattern designer makes baby and kids’ wall arts and homeware products

The Clayton Hotel, Galway. Dalata launched the Clayton brand across 13 properties in Ireland and the UK last year.

Chief executive Pat McCann rejects suggestions that hotel prices are rising too fast in Dublin market

The building materials giant CRH gained 3.1 per cent in Dublin to finish the day at €23.70

Oil prices rally as Saudi Arabia agrees to work with others to calm volatility

Ted Rubin, who is an internationally renowned social media strategist and number 3 on the Forbes list of Top 50 Social Media Power Influencers, is the keynote speaker at the Social Media Summit which begins in Dublin tomorrow.

Ted Rubin to address Social Media Summit which begins in Dublin tomorrow

Holly Cardew, founder of Pixc: Has 16 people working for her, all over the world, at any one time, and all are outsourced. Photograph: Megan O’Malley

Entrepreneurs are using Upwork, TopTal and Peopleperhour to outsource vital tasks

The PWC survey found asset management leaders had also turned to traditional markets for growth

Asset management chief executives are confidendt of revenue growth

Fleetmatics chief executive Jim Travers. The Dublin-based provider of GPS-based fleet management systems, has reported fourth quarter revenue of $77.2 million. Photo: Alan Betson/The Irish Times

Subscriptions rise at Tallaght-headquartered provider of fleet management systems

Ryanair has called for a Yes vote in the Brexit referendum on June 23rd, saying the UK should remain in the European Union.

Airline calls for Yes vote in Brexit refendum, saying it will lead to better economic growth

Saoirse Ronan, and Domhnall Gleeson, in Brooklyn.  The Irish Film Board and IDA Ireland have joined forces to leverage the success of Ireland’s nine Oscar nominations, and promote the country in Hollywood as a production destination.

Agencies have joined forces to leverage the success of Ireland’s nine Oscar nominations

Mercroft Taverns, the company behind popular Dublin city-centre pub the Market Bar, has reported a a pre-tax profit of €410,457 for 2013. Photo: Alan Betson/The Irish Times

Mercroft Taverns had a deficit of shareholders funds of €309,329 at end of 2013

Petroceltic chief executive Brian O’Cathain said the explorer was collaborating with partners on the Ain Tsila gas field to reduce overall development risk. Photo: Dara Mac Donaill/The Irish Times

Oil and gas explorer announces drilling on Ain Tsila gas field

Danone has been seeking to rebuild its position in China after an infant formula product recall in 2013

Danone reported 4.7 per cent growth in 2014 underlying sales to €21.4 billion

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