Business

Samsung blow as tech slowdown hits demand

Samsung blow as tech slowdown hits demand

Samsung‘s quarterly profit and revenue missed estimates on sputtering demand for memory chips during the last three months of 2018, the same period when Apple saw anaemic sales in China. Operating income fell to 10.8trn won (€8.3bn), falling short of the 13.8 trn-won average of analysts‘ estimates compiled by Bloomberg. Deteriorating relations between the US and China – Samsung‘s two […]

Atlantic Therapeutics raises €28m in new funding round

Atlantic Therapeutics raises €28m in new funding round

Galway medtech company Atlantic Therapeutics has raised €28m in funding. The money will be used to launch in the US market, with the firm having received FDA approval for a device known as Innovo, which is designed to treat incontinence. The funding will also help accelerate sales in other countries, further develop existing products, and expand into new medical areas. […]

Walford court setback for official assignee to Sean Dunne estate

Walford court setback for official assignee to Sean Dunne estate

A key piece of evidence collected by the official assignee of the estate of bankrupt developer Sean Dunne in relation to the €58m sale of a house on Dublin‘s Shrewsbury Road must be disclosed to a Cypriot company that purported to once own the property, and a trust connected with billionaire financier Dermot Desmond, the High Court has ruled. In […]

German recession fears grow after slump

German recession fears grow after slump

A DRAMATIC plunge in German industrial activity late last year raised the risk that Europe‘s largest economy will slip into recession. Production fell for a third month in November and posted its worst year-on-year drop since the end of the financial crisis, with weakness in everything from consumer goods to energy. A slump in Germany has repercussions for the euro […]

Major skills shortage looms for manufacturing sector

Major skills shortage looms for manufacturing sector

Ireland‘s manufacturing sector is facing “significant” skills shortages in key areas including automation, engineering and polymers, according to Skillnet, the national agency that promotes workforce learning. Its chief executive, Paul Healy, has warned that the growth of artificial intelligence, the internet of things, and advanced automation “is creating a widening gap between the jobs that need to be filled and […]

Mostly dry weekend ahead to allow farmers make most of spreading season

Mostly dry weekend ahead to allow farmers make most of spreading season

An overall dry outlook for the weekend should mean slurry and fertiliser spreading season should get off to a positive start, despite some rain forecast for the west. An overall dry outlook for the weekend should mean slurry and fertiliser spreading season should get off to a positive start, despite some rain forecast for the west. According to Met Eireann, […]

Galway medtech company Atlantic Therapeutics raises €28m to enter US market

Galway medtech company Atlantic Therapeutics raises €28m to enter US market

Galway medtech company Atlantic Therapeutics has raised €28m in funding. The money will be used to launch in the US market, with the firm having got FDA approval for a device known as Innovo, which is designed to treat incontinence. The funding will also help accelerate sales in other countries, further develop existing products, and expand into new medical areas. […]