The Co Cavan insulation giant recorded write-downs on investments in its structural and off-site, environmental and renewable, and Ukrainian subsidiaries. But new accounts show a return to profitability for its UK insulation business.
The insulation giant was approved by Britain's Competition and Markets Authority to buy the cladding firm last week. On Friday, the CMA published the reasoning behind its decision.
The insulation multinational’s latest acquisition in the UK is under an initial probe while its battle with the European Commission over the failed Trimo deal rumbles on.
The Irish insulation giant was not included in a tranche of High Court cases brought forward by the Royal Borough of Kensington and Chelsea that aim to recoup public funds from companies involved in the tower's refurbishment.
The Cavan insulation company reported €8.6bn in annual revenues and has lined up plans to seize a bigger share of the US market, even with the “noisy environment” created by US President Donald Trump.
She’s moved on from Ryanair's board and left Phelan Energy Group, but Louise Phelan is far from idle. As a mentor and investor, she loves working with female leaders and family businesses.
The Cavan multinational is railing against hefty duties, as high as 68 per cent, that the EU has slapped on China-made chemicals used in flame retardants.
The Grenfell inquiry heavily criticised the Irish building materials giant and it may be now be in the firing line of Prime Minister Keir Starmer.
As trade routes between Ireland and the continent are redrawn to avoid Britain, France has never felt closer – and its modernising economy is attracting a growing volume of business to and from this island. Thomas Hubert reports from Paris.
The focus of the Grenfell Inquiry remained firmly on the Irish firm this week from fire safety standards to its orchestrated lobbying campaign in the wake of the fatal London blaze.
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