Six companies collapsed each day this month – Vision-net
Six companies collapsed each day this month – Vision-net Six Irish companies collapsed each day this month, with more company closures than start-ups so far this year, according to the latest figures from Vision-net, a business and credit risk analyst. Vision-net’s figures, covering the period between 1–28 August, reveal that 165 companies were declared insolvent – down 13pc on the same month last year. Of those, 99 were liquidated, 64 entered receivership, and an examiner was appointed to two companies. A county-by-county breakdown shows that Dublin accounted for 42pc of all insolvencies in August, with Limerick second highest on 14pc and Meath third with 5pc of the total. Cork, Galway and…
Read MoreL’Oréal Professionnel Launches INOA Smartphone App
L’Oréal Professionnel launches INOA smartphone app Colour specialist L’Oréal Professionnel is to start a new smartphone app, INOA Colour Capture, which focuses on its ammonia-free permanent hair colour range, INOA. The new app uses augmented reality and geolocation technology to send users on a mission to capture thousands of virtual INOA colour bubbles in participating salons across the UK and Ireland. “We are delighted to announce the launch of n on iOS and Android,” said Michael O’ Connor, digital marketing manager for L’Oréal Professionnel. “The app is a first for L’Oréal and a real innovation in our marketing of INOA Colour using augmented reality and location-based features to drive our…
Read MorePaddy Power’s pre-tax profits up 21pc
Paddy Power has reported a 21pc increase in pre-tax profits to €68.7m for the first half of the year, despite what it said were some adverse sports results since its May trading update.
Read MoreCrospon gets further FDA clearance for its system in the US
Galway-based medical device developer Crospon has received clearance from the Food and Drug Administration (FDA) in the US for the use of its EndoFLIP system in gastroenterology applications. CEO of Crospon John O’Dea said this clearance was important for Crospon as it allows it to market the EndoFLIP system in the US for gastroenterology applications for the first time. “Not only is this the company’s first cleared application for gastroenterology, but it also represents the first reimbursed application for the product.” The newly cleared Barostat software option extends the FDA cleared uses for the system beyond measurements taken during gastric band and sleeve gastrectomy bariatric surgery procedures. They now include…
Read MoreUnited Drug acquires two US companies for up to US$40m
United Drug has this morning announced two US acquisitions for a total consideration of up US$40m. The Irish-headquartered healthcare services provider has reached agreement to by Drug Safety Alliance, which provides safety and risk management services relating to the detection, assessment, analysis and reporting of adverse drug reactions, for up to US$28m. Of this, US$21m will paid on completion, while up to US$7m will be paid after three years based on reaching agreed profit targets. DSA is based in North Carolina and employs 94 people. United Drug said DSA is complementary to its US medical information business, Alliance, and will allow it to offer clients an integrated call centre and…
Read More40pc of UK’s top brands have mobile optimised website – IAB
Nearly 40pc of the UK’s top 100 brands – including Tesco, B&Q; and Boots – now have a mobile optimised website, according to new research from the Internet Advertising Bureau (IAB). The study, which used data from GSMA Mobile Media Metrics (MMM), a partnership between comScore, the GSMA and the UK mobile operators, and Google’s GetMoMeter tool to manually check the top 100 UK advertiser websites across a range of sectors, reveals that those brands with a mobile-optimised website enjoyed increased engagement with consumers. Among the advertisers with a mobile-specific site, average dwell time was five minutes, some two minutes longer than the average for advertisers without a mobile web…
Read MoreMichael D Higgins debate from two years ago goes viral
A YouTube clip of President Michael D Higgins debating with a US conservative talkshow host and Tea Party advocate has gone viral. Dating from two years ago, in the 2010 Newstalk radio excerpt , Higgins tells Michael Graham to “be proud to be a decent American rather than being just a w**ker whipping up fear”. Graham hosts a show on a Boston radio station, is a former political consultant for the Conservative party and is one of the earliest organisers for the Tea Party. The clip has now been viewed over 1.2 million times. It had been linked on social media sharing site Upworthy under the headline ‘A Tea Partier Decided To Pick A…
Read MoreAlltech Ships Whiskey Stills from Kentucky to Ireland
Global animal health and nutrition company Alltech is moving its whiskey business to Ireland, the birthplace of whiskey and of the president and founder of Alltech, Dr. Pearse Lyons. The Vendome whiskey stills, used by Alltech’s Lexington Brewing Company and made in Louisville, Kentucky, were shipped over on 22 August. The whiskey will be distilled in Carlow Brewing Company in Bagenalstown, Co Carlow. Separately, Alltech ale brand Kentucky Bourbon Barrel Ale will be featured in the Irish Craft Beer Festival taking place in the RDS on the 7– 9 September. This year marks 221 years since the Whiskey Rebellion, a revolution of early Irish settlers in North America against George…
Read MoreSavings Culture for Big Ticket Items Taking Hold in Ireland
Half of Irish consumers in a survey booked a holiday this year, spending on average €927, with those traveling abroad spending more, according to the latest KBC Savings Barometer. According to AAACreditGuide, if you are looking for loans, especially in the areas of auto loans , there are many aspects of the process you must know and understand to get the best terms and rates available to you, regardless of where you live or where you work. Those holidaying outside of Ireland spend on average €1,016 compared to those who opt for a ‘staycation,’ who pay in the region of €785. Unlike during the Celtic Tiger years, consumers are now saving for…
Read MoreMaeve Binchy novel to be published in November
Maeve Binchy’s last novel, A Week in Winter, will be published this November by Orion, it has been announced. The book, which was originally scheduled to be released in October, is set in the fictional village of Stoneybridge, on the west coast of Ireland, and centres on guests attempting to enjoy their winter break. Speaking in the Telegraph, Binchy’s long-term agent Christine Green said: “Although Maeve’s health had been giving her problems for some time, her writing was completely unaffected and A Week in Winter is Maeve writing at the top of her game. We have lost a wonderful story-teller.” The writer sold more than 40 million copies of her books and was translated…
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