When it sold down its investment in Irish toll roads, Ferrovial was hit with an unexpected CGT bill. Five years on, the company has won a tax appeal with far-reaching implications for foreign direct investment.
Digital payments company CleverCards has just acquired the business of ExpendiaSmart and a €10m funding round will close within weeks. But CEO Kealan Lennon is already thinking about the next acquisition and a follow-on €50m funding round.
A tool that may release locked data is being tested after its purported release by the gang behind the ransomware attack on the HSE.
From members of the Davy-16 to the billionaire financier Paul Coulson, the shareholders of Davy Hickey Properties are a who’s who of Irish corporate life. But now swords have been drawn as the business winds down assets worth hundreds of millions of euros.
Noel Moran devised Prepaid Financial Services on his kitchen table, hoping to just make enough to cover his bills. Eleven years later he sold the company to EML payments for €327m. That seemed to be the end of the story. Until a letter from the Central Bank of Ireland arrived at EML Payments this week.
From a standing start four years ago, Irish gifting platform &Open now works with some of the world’s biggest companies and has just closed a major funding round. CEO Jonathan Legge explains how its founders pivoted towards success after spotting an opportunity in the market.
As first revealed by The Currency, Dublin is joining the list of sites developed by the world's largest pharmaceutical company to make its flagship vaccine, leading to the creation of 75 new jobs this year.
The demise of the double Irish has left Ireland better off as multinationals switched to a range of other tax schemes to locate profits here. In delaying its tax harmonisation plans, the European Commission wants to harness the Covid and Biden effects to go after them all.
When he started his low-carbon cement manufacturing company 20 years ago, Donal O’Riain freely admits that the timing was wrong. Now high-profile investors are injecting millions into Ecocem’s promise to fix one of the world’s worst-polluting industries.
Pfizer is advancing plans to begin manufacturing Covid vaccines in Ireland, a move that will increase supply both in Ireland and across Europe. The facility will also make future vaccines to deal with any emerging strains of Covid-19.
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