Visa card expenditure in Ireland reaches €15.5bn
Visa card expenditure in Ireland reaches €15.5bn There was a 43pc rise in the number of Visa cards in Ireland since 2011 to reach 4.9 million for the year ending 30 September 2012 with annual expenditure reaching €15.5bn, an increase of 17pc. This means €1 in every €7 of consumer spending in Ireland is now on a Visa card — either debit, credit or prepaid cards. There was a 26pc increase in the number of transactions during the course of 2012, with 201 million transactions taking place during the 12 month period. Visa Europe said growth in Ireland was driven from consumers becoming more comfortable paying with Visa cards particularly for lower-value…
Read MoreSocial media in corporate communications hits tipping point – Investis
The ranking of corporate websites in the fourth quarter of 2012 shows that the number of companies using social media has reached the tipping point, according to Investis. Investis is a specialist in digital corporate communications for public companies. The report shows that a total of 40pc of FTSE250 companies have a corporate social media presence, up from just 14pc of companies a year ago. These results refer only to those accounts used specifically for corporate communications and linked to from the corporate website, giving an accurate measure of corporate uptake and engagement. Investis has also seen social media growth in Europe, with the MDAX up from 20pc to 44pc…
Read MoreThe Baby Bay Market Branches Out From Leinster
Buy, Sell, and Recycle Your “Baby Stuff” Update: The website has been down for some time and Ms. O’Rourke has not responded to our requests for an update on the website’s status. For the past six months, The Baby Bay Market has been running in various locations around Dublin, and founder Mandy O’Rourke is now bringing it to Sligo. The idea behind The Baby Bay Market is to allow parents to buy, sell and recycle their baby stuff in a safe and fun environment. O’Rourke, a female entrepreneur , also runs BabyBay, where parents can trade their baby stuff online. She has just re-launched the site so parents can now post their unwanted…
Read MoreIrish Pension fund assets up 15pc in 2012
Pension fund assets performed strongly in 2012, with fund values up an average of 13pc to 17pc during the year, according to pension experts Mercer. “Global equities were up by 15pc during 2012, and have almost doubled in value since their lows of March 2009” according to Patrick McKenna, senior consultant with Mercer’s Financial Strategy Group. “Furthermore, Eurozone sovereign bond markets also performed strongly, with average returns also ranging from 15pc-20pc, resulting in further gains for pension funds”, commented McKenna. However, pension scheme liabilities have also grown materially over 2012, due to the continuing decline in the yield available on ‘safe haven’ German government and other high quality sovereign and…
Read MoreNew Drinkaware.ie and Insomnia partnership offers half-price evening coffees to customers
Drinkaware.ie and Insomnia are launching a partnership aimed at helping people to change their drinking behaviours in the New Year. From 10 January they will be offering half-price coffees after 4pm in Insomnia outlets across Ireland – a number of which stay open outside of usual business hours – to help people pace their drinking in 2013. “January is a time when many people resolve to drink at a more moderate level,” said Fionnuala Sheehan, chief executive of Drinkaware.ie. “With this in mind, it’s also the perfect time for people to learn about pacing their drinking and the benefits of this approach. In overall terms we are drinking about a…
Read MoreUpwardly mobile
With the number of global mobile phone subscribers set to hit 6.5 billion by the end of this year, brands are increasingly seeing mobile relationship marketing (MRM) as a critical area for gaining competitive advantage, according to a new study from the Chief Marketing Officer (CMO) Council. The immediacy, convenience, pervasiveness and personal attachment to mobile phones make them an ideal means of expanding marketing messages and enhancing engagement with a global customer base, says the CMO Council. The 6,000 member global organisation points out that mobile social networking has both become a better way to reach and understand customers, and given consumers the ability to get feedback and advice…
Read MoreIT security specialist warns of significantly increased security threats for Irish businesses in 2013
Many Irish businesses are facing increased security threats in 2013, according to IT security specialist Integrity Solutions. Mobile malware, securing the big data mountain, increasingly sophisticated social engineering, social networking attacks, and issues surrounding security and compliance in the cloud will all become more prevalent this year, it said. Following major security breaches in recent times at large international businesses such as Sony, LinkedIn, Global Payments and RSA, even the most successful organisations are finding it difficult to protect all of their data, all of the time, the company noted. In Ireland, there were a smaller number of high-profile security breaches in 2012 but this should not put organisations off…
Read MoreBBC Worldwide appoints chief brands officer
BBC Worldwide has appointed Amanda Hill as chief brands officer, a new position that has been created as part of the company’s restructure from divisional to geographic lines of management. Hill will join the senior executive team and be responsible for developing an overall strategy for BBC Worldwide’s global brands across all businesses and formats. This will include developing, segmenting and managing the current brand portfolio of 14 BBC global brands – including Dancing with the Stars, Top Gear, Doctor Who, BBC Knowledge, CBeebies and Global iPlayer – while also developing and building new BBC brands to protect and develop future brand revenue growth. Hill is currently managing director of…
Read MoreMajor international eHealth event coming to Ireland
A pan-European eHealth conference is taking place in Dublin next May, expecting to attract 2,500 international delegates and 100 exhibitors. eHealth Week is made up of two main events: the High Level eHealth Conference co-organised by the European Commission and the Irish Department of Health and the WoHIT (World of Health IT Conference & Exhibition) organised by HIMSS Europe. “eHealth solutions are critical in the delivery of a world class health system and offer significant opportunities for stimulating economic growth,” said Dr James Reilly TD, Minister for Health in Ireland. “I firmly believe that enhanced health service and industry collaboration can lead to great innovation and result in efficiencies, savings…
Read MoreFour Irish listed in Forbes ’30 under 30′ to watch in 2013
Four young Irishmen have made it into US business magazine Forbes’ ‘30 under 30’ to watch in 2013, which includes figures such as Facebook’s Mark Zuckerberg. They are Limerick entrepreneurs Patrick and John Collison, computer programmer James Whelton and advertising guru Jonathan Cloonan. The list, which began last year, aims to highlight the “young disrupters, innovators and entrepreneurs’ that are changing the world. The Collisons were named for their work in the technology sector, having sold their business Auctomatic in 2008 for an estimated €3m. They are now based in Silicon Valley and running an online payments company called Stripe, which analysts estimate to be valued at between €500m and…
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