Global ingredients firm Glanbia reports higher revenues and earnings

Original article here

Global ingredients and nutrition firm Glanbia has reported a 10.7pc increase in revenues to €1.7bn for the first half on a constant currency basis.

Earnings before interest, taxation, depreciation and amortisation hit €129.5m, a 10.3pc improvement on the same basis.

Glanbia also announced a €60m strategic investment programme in global ingredients aimed at “maximising […]

By |August 20th, 2014|Categories: Uncategorized|Tags: |0 Comments

Retailers fear transition to new lottery system may disrupt trade

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Retailers are unhappy with assurances from the National Lottery that the impending switchover to a new system will not involve additional costs or a disruption to trade.

The operators of the franchise, Premier Lotteries Ireland (PLI), are planning to roll out a new technology platform later this year, which will involve replacement of some 4,000 ticket terminals […]

By |August 19th, 2014|Categories: Uncategorized|Tags: |0 Comments

Homestore and More sales surge by 20%

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Homestore and More, the home furnishings retailer with 13 outlets across the country, boosted its sales last year by almost 20 per cent, as rising property prices lifted confidence among homeowners and shoppers. Sales at Ogalas, the company behind the chain, rose from €53.2 million to almost €64.5 million in the 12 months […]

By |August 18th, 2014|Categories: Uncategorized|Tags: |0 Comments

Sales of good coffee and ice-cream soar amidst recovery

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Sales of coffee pods – the packs of Nespresso like coffee capsules used to make good coffee at home or in the office – have almost doubled, according to the latest figures from market researchers, Nielsen Scantrack.
There has been a 150pc jump in sales of single-serve coffee pods over the last year, […]

By |August 18th, 2014|Categories: Uncategorized|Tags: |0 Comments

Irish consumer sentiment bounces back to seven-year high

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Consumer sentiment bounced back to a seven-year high last month driven by improving perceptions about Ireland’s economic recovery and continuing recovery in property prices.

The latest KBC Bank/ESRI Consumer Sentiment Index rose to 89.4 in July, up from 81.1 the previous month.

Sentiment had taken an unexpected nosedive in May during the time of […]

By |August 14th, 2014|Categories: Uncategorized|Tags: |0 Comments

New Look taps into summer trends to help lift sales by 9pc

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Fashion retailer New Look has received an offer for its loss-making French unit Mim and is confident a deal will be struck. The firm, owned by private equity groups Apax and Permira as well as founder Tom Singh, said its first-quarter sales and earnings exceeded its own expectations as it tapped into […]

By |August 14th, 2014|Categories: Uncategorized|Tags: |0 Comments

High-end brand & Other Stories for top Grafton St pitch

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Only four months after opening the Cos fashion store on Dublin’s Wicklow Street, the giant H&M fashion group has emerged as the favourite to put another of its luxury brands, & Other Stories, into the former A|wear shop on Grafton Street. The letting is likely to be confirmed later this month.

Intense competition between international […]

By |August 13th, 2014|Categories: Uncategorized|Tags: |0 Comments

Spar South Africa does €55m deal for large stake in BWG

SPAR South Africa is to take an 80pc stake in BWG, which owns the Spar brand in Ireland.

Original article here

BWG will retain its current management team and group structure under the €55m deal.
The new partnership will have up to €100m to invest in the expansion of BWG’s wholesale and convenience retailing operations over the […]

By |August 12th, 2014|Categories: Uncategorized|Tags: |0 Comments

Growth to hit 3pc as consumers start to spend again

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THE Economic and Social Research Institute (ESRI) says the economy will grow much faster this year than the Government estimates.

Gross Domestic Product (GDP) will surge 3pc fuelled by a recovery in spending as well as improving investment. That compares with the more conservative 2.1pc forecast from the Department of Finance.

The think-tank also […]

By |August 7th, 2014|Categories: Uncategorized|Tags: |0 Comments

Dunnes Stores battles back to re-take market share as grocery wars heat up

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Dunnes Stores is fighting back in the supermarket wars, lifting its share of the grocery market in the past 12 weeks while both Tesco and SuperValu lost ground.

The latest supermarket industry figures, from Kantar Worldpanel in Ireland, show Dunnes Stores recorded a sales increase of 2.6pc to hold its 21.2pc share of the market […]

By |August 6th, 2014|Categories: Uncategorized|Tags: |0 Comments

Corporate Partners 2014