Recruitment activity steady in quarter two -- Robert Walters

Finance staff continued to be in demand among both Irish organisations and multinationals in the second quarter, according to the latest update from recruitment firm Robert Walters. Most hires were on a contract basis, but there was a general increase in demand for permanent financial analysts and finance business partners at the two to four PQE level. There was a strong demand for supply chain and procurement professionals with specialist multinational project management and systems expertise, particularly in the life sciences sector, as well as in larger food and beverages organisations. The update shows that sales and marketing recruitment activity remained buoyant throughout quarter two, both in the financial services…

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Sean Quinn again points finger at accountants

The son and nephew of businessman Seán Quinn have been sentenced to three months in prison for contempt of court. Justice Elizabeth Dunne made orders today to jail Seán Quinn jnr and Peter Darragh Quinn for trying to hide assets from the Irish Bank Resolution Corporation (IBRC), which was formerly Anglo Irish Bank. The judge said Sean Quinn snr was not being jailed so he would have time to comply with the court orders and to reverse asset stripping measures. Earlier today, a warrant was issued for Peter Darragh Quinn’s arrest when he failed to attend court this morning for sentencing. The judge said the two men could apply to…

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Business and Leadership Ltd.

Shannon Airport has announced that Quintessentially Aviation, the aviation wing of the luxury lifestyle group Quintessentially, is to develop its first Irish VIP lounge at Shannon Airport. Contracts for the investment were signed last week at the second annual ‘Irish Business Aviation Convention’ hosted jointly by Shannon Airport and Shannon Development at Dromoland Castle Hotel. Quintessentially will use the service as its flagship for corporate jet traffic operated from Al Bateen Airport in Abu Dhabi, which is the Middle East region’s only dedicated private jet airport. The investment by Quintessentially Aviation will result in Shannon Airport being heavily marketed for its US pre-clearance facility into this area of the Middle East, which will…

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Mary Buckley, executive vice-president IDA Ireland, Dr. Steve Garnett, chairman for Europe of Salesforce.com and Minister Richard Bruton.

Enterprise cloud computing company Salesforce.com is hiring an additional 100 staff in Dublin to meet the demands of continued growth in Ireland. Salesforce.com first established operations in Dublin in 2000 and IDA Ireland has been working with it since on its developments in Ireland. It currently employs over 400 people here. The company is immediately looking to take on qualified professionals in sales, marketing, IT and customer support functions. “Salesforce.com is driving a massive transformation in the technology industry, showing companies the power of social and mobile cloud computing. Ireland has played a key role in our success and we are delighted to be able to expand our reach in…

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MoPowered develops mobile commerce platform for SMEs

Using mobile internet to access maps, videos, photos, social networks and email will be much cheaper while travelling in other EU member states from 1 July thanks to a new EU regulation. It means that, for the first time, there will be a maximum charge for ‘data roaming’, ie downloading data from the internet when using a mobile connection. The new price cap means that instead of paying upwards of €4 per megabyte to go on facebook or look at Google maps on your phone, the price per megabyte is capped at 70 cents. The data roaming rules will mean savings of over €1,000 per year for a typical businessperson…

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Business and Leadership Ltd.

KBC Bank Ireland is piloting mortgage arrears resolution options with customers who are experiencing difficulty in meeting their mortgage repayments. The options being piloted include a loan term extension option and a three-year interest only mortgage solution. “KBC is continuously assessing the solutions it provides to customers in difficulty. We plan to identify the most appropriate solutions through our pilot programmes with customers.  Once this process is complete, KBC will offer solutions to customers based on their specific financial needs which will be assessed on a case by case basis,” said John Reynolds, CEO KBC Bank Ireland. “As always the first step for all customers is to engage with the…

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Cyprus becomes fourth eurozone country to seek bailout

Cyprus has applied for a bailout following its exposure to the Greek economy, the country’s government announced in a statement this evening. It is the fourth eurozone country to seek financial assistance from its European partners. “The purpose of the required assistance is to contain the risks to the Cypriot economy, notably those arising from the negative spill over effects through its financial sector, due to its large exposure in the Greek economy,” said the statement. Earlier today ratings firm Fitch downgraded Cyprus’s sovereign credit rating to junk territory. Fitch said the move was “principally due to Greek corporate and households exposures of the largest three banks – Bank of…

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Business and Leadership Ltd.

Discount retailer Dealz has opened its 13th store, in Shannon, Co Clare, creating 30 new jobs. Located, at unit 40A, Skycourt Shopping Centre, Shannon, with a retail space of 6,900 sq ft, Dealz Shannon is the newest edition to the Dealz portfolio. The new store brings the total number of jobs created in Ireland to date to over 390. An integrated part of Poundland, Europe’s biggest single price discount retailer, Dealz has additional stores across the Republic of Ireland including Blanchardstown, Portlaoise, Letterkenny, Killarney, Newbridge, Limerick, Cork, Athlone, Santry, Mullingar, Gorey and Drogheda, which are overseen by Cork native Leonard Brassel, Dealz senior business manager in Ireland. Commenting at the new…

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GoCar announces opening of new bases

Subscribe-and-drive service GoCar has today announced the opening of new GoBases in Drury Street car park and Schoolhouse Lane car park in Dublin 2 and Kent Station in Cork City, with a further five Dublin GoBases opening over the coming weeks. This expansion follows significant investment by the owners in the scheme last month. The additional new locations, which have been supported by local businesses, include Northwood Santry and Mark Street (off Pearse Street) along with Iveagh Court in conjunction with Mc Garrell Reilly; and Ballymun, with the support of Ballymun Regeneration Ltd. GoCar is also expanding its existing Smithfield, Ranelagh and South Lotts Road GoBases in the city. The…

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bonds

Davy has been voted Ireland’s No 1 brokerage in the Thomson Reuters Extel Pan-European Survey 2012. The survey is considered the leading benchmark for excellence in investment banking and is the largest professional investment opinion assessment in the world. The firm also took the No 1 slot in the key category of Ireland Equity Sales. Tim Cahill (Construction & Building Materials) and Stephen Furlong (Transport) had impressive individual performances at a Pan-European level achieving top-10 analyst rankings in their respective sectors. The 2012 Thomson Reuters Extel Survey ran from 19 March to 4 May 2012. It reflects the contribution of over 2,100 buy-side firms, 2,500 analysts from 270 brokerage firms/research…

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