Telecommunications firm Magnet+ is in the process of investigating a potential breach within their system, which could have revealed sensitive employee and customer data. This was detected by the company’s internal cybersecurity systems on April 8th, and all potentially impacted servers were promptly disconnected from the network. However, the attacked servers housed personal data for employees and customers. This is according to a report from Ciara O’Brien.
In relation to the ongoing war in Ukraine, Intesa Sanpaolo Bank Ireland, which has strong ties to Russia, has dramatically cut its client loans from the country by approximately 80% over the past two years. This development is provided by Joe Brennan.
A company originating from the British Virgin Islands has been considerably investing in property across Dublin, according to Colm Keena. However, the identities and intentions of those involved remain unclear.
Eoin Burke-Kennedy reports that April saw a significant decrease in new business orders in the manufacturing sector, marking a 16-month low. This contributed to a general decline in the sector, as indicated by the latest version of AIB’s Purchasing Managers’ Index. The findings suggest continuous drops in output and new work volumes.
In addition, Eoin also reports that the Revenue Commissioners will maintain communication lines for businesses working on repaying warehoused debts until Friday. This is despite the May 1st deadline for companies to liaise with the tax authorities on this matter.
Nord Anglia International School (NAIS), recognised by Gordon Deegan as the nation’s priciest day school, recorded pre-tax losses of €2.2 million last year. This same report highlights that current annual fees for students attending the school, located in Leopardstown, south Dublin, are now €23,523.
Martin Wolf’s latest column outlines the areas needing improvement in understanding why central banks have been so drastically affected by inflation over the past three years.
Lastly, Diageo, the brewing company behind Guinness, has received approval to proceed with their intended €200 million brewery project in Newbridge, Co Kildare. Any obstruction was lifted with the withdrawal of John Lynch’s High Court challenge, opposing An Bord Pleanála’s project permission granted in December, according to Gordon Deegan.
The legal company, Mason Hayes and Curran, has been mandated to provide further education to its management team concerning disability regulations and fork out a €5,000 compensation to a former legal representative suffering from chronic Covid-19 and depression. This verdict follows a judgement that the firm had shown discriminatory behaviour towards him, as detailed in a report by Stephen Bourke.
As per Eurostat’s data, the Eurozone shows clear signs of recovery from a mild recession, with its four major economies – Germany, France, Italy, and Spain, registering growth that surpassed predictions in the first quarter of 2024. Their Gross Domestic Product (GDP) rose by 0.3% in the first three months of the year, following two consecutive quarters of decline in 2023’s latter half, describes Eoin.
Bank of Ireland has revised its projections for its net interest income for the full year, expecting to see a decrease of just 3-4% from its previous year’s exit level. This is in contrast to their initial forecast of a 5-6% slump, credited to a slower rate of reductions from the European Central Bank (ECB), as informed by Joe.
The commercial property news roundup by Ronald Quinlan reveals that CRH is selling a landbank capable of accommodating roughly 1,700 dwellings for around €25.5 million. Furthermore, the company property currently housing Goodbody Stockbrokers in Dublin’s Ballsbridge district is up for sale for €32 million. Also on the market is Weirs, a well-established hardware business in Dublin.