Johnny Ronan, a developer, has escalated his ongoing dispute with Fortress, an American investment group, by asserting that he’s due nearly €3.32 million from an insurance claim connected to their co-owned Fibonacci Square office property in Dublin’s Ballsbridge, currently leased to Meta, Facebook’s parent company. Joe Brennan provides more information.
The incoming president of the pharmacist industry group claims that pharmacies across the Republic are essentially supporting the State through their private enterprises as the fees for dispensing prescriptions to medical card holders and individuals in the drug payment scheme have remained constant for 16 years. Dominic Coyle offers an in-depth report.
Major insurers in Ireland were able to mitigate most of the financial blows they took on their 2022 investment portfolios last year, a recovery attributed to lower international bond market borrowing costs as investors speculated how quickly central banks would reduce rates. A report by Joe Brennan offers further insights.
Carol Murphy, a partner at EY and technology risk head, warns in her Monday opinion piece that Irish business leaders risk serious regulatory troubles, including the potential for suspension of duties and fines, due to lack of preparedness or sheer ignorance of the EU’s upcoming Network and Information Systems Directive (NIS2), set to come into effect across member states on October 18th, 2024.
Between the same period in 2023 and the first quarter of this year, venture capital investment in Irish companies has seen a drastic drop of 80%, down to $34.1 million (€32.9 million) as global deals involving early-stage companies hit a near five-year low, reveals a report by Joe Brennan.
Miriana Green muses about answering the common question “How’s it going?”, exploring how responses can range from “great” to the more traditional “fair to middling” or even “fair to crap”, reflecting the ups and downs of life.
There’s an unusual phenomenon happening in the UK labour market, with nearly one million individuals leaving, resigning, or retiring since the pandemic hit, causing severe labour shortages that are anticipated to hinder economic growth for years to come, warns Eoin Burke-Kennedy in his weekly column.
Aviva’s decision to return to the Irish health insurance sector has been labelled as great news for the general public. Spending habits of Birgitta Hedin-Curtin, CEO and proprietor of Burren Smokehouse in Lisdoonvarna, Co Clare, tend towards nourishment, gourmet experiences, and travel. However, she also prioritises maintaining a substantial reserve for unforeseen circumstances and investments in property enhancements and vehicle upgrades. The peculiar situation where a company generating $4.1 million in annual turnover garners a valuation in excess of $5 billion has been pointed out by Proinsias O’Mahony. Interestingly, he comments on Devin Nunes, CEO of Trump Media, who seems to be lamenting suspected stock manipulation by short sellers. Joe Brennan reports that the Bank of Ireland has pledged further investment into advancing customer service offerings, setting aside over €34 million for the transformation of its telecommunication and customer interaction systems.