Stephen Vernon is backing Urbanvolt, a firm which fits LED lights to industrial premises at no charge to the user. It gets paid by sharing the savings on their bills. Photograph: Alan Betson

Former property magnate Stephen Vernon and the State’s Irish Strategic Investment Fund (ISIF) have backed a €7 million fundraising round by energy-sav(...)

The shutdown has created a cash crisis for many firms and if not addressed it will turn into a solvency crisis and threaten their future. Photograph: Dara Mac Dónaill/The Irish Times

Many businesses will have been taken aback by the long timetable for reopening set out by the Government on Friday. However, the programme of new supp(...)

The State should clearly outline its plan to sell down its remaining stake in the Irish banking system, the chief executive of the National Treasury Management Agency has urged. Photograph:  Peter Muhly/AFP/Getty Images

The State should clearly outline its plan to sell down its remaining stake in the Irish banking system, the chief executive of the National Treasury M(...)

Bank of Ireland executive Karena O’Sullivan is to become Finance Ireland chief financial officer. Photograph: Nick Bradshaw

Finance Ireland, the State’s largest non-bank lender in the retail market, has hired senior Bank of Ireland executive Karena O’Sullivan to become its (...)

Digicel bonds have fallen to a record low of less than 20 cents on the dollar

INM data hack The data hack at Independent News & Media ran for longer than initially reported, according to the Sunday Times Irish edition. It (...)

Finlay McFadyen, head of investment banking, AIB Group; Fountain Healthcare partner Dr Manus Rogan; and Andrew McDowell, vice-president, European Investment Bank. Photograph: Nick Bradshaw

Irish life sciences venture capital group Fountain Healthcare Partners has raised €118 million in a new fund. The sum is well in excess of the €100 m(...)

In his new role Richard Ball will be responsible for Urbeo’s investment and finance functions

Urbeo Residential, the Irish residential investment platform backed by Starwood Capital Group, has announced the appointment of Richard Ball as a part(...)

Finance Ireland’s headquarters in Dublin. The  lender raised an additional €30 million in 2018 from shareholders Pimco and the Irish Strategic Investment Fund to support its growth. Photograph: Bryan James

Non-bank lender Finance Ireland grew its pre-tax profit by 27 per cent in 2018 as it produced record new lending of €491 million. The business led b(...)

Tetrarch owns or manages some of Ireland’s best-known hotels, including the five-star Marker, above,  in Dublin’s Grand Canal Dock. Photograph: Cyril Byrne

Investment group Tetrarch Capital is in talks with US investor Starwood about a joint venture partnership that would be worth several hundred million (...)

An investigation was opened into the transfer of the DNA samples in 2016 from Our Lady’s Children’s Hospital, Crumlin to the company Genomics Medicine Ireland. Image: Getty Images

Ireland’s largest paediatric hospital has confirmed it is undertaking a review of processes in its clinical genetics department after the DNA samples (...)

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