UK business leaders urge scrapping of immigration targets after Brexit
Targets to limit immigration should be scrapped after Brexit, UK business lobby group the CBI has recommended. Businesses need a new immigration policy, avoiding visas for EU citizens and putting migration on the table for trade talks, according to its new report ‘Open And Controlled – A New Approach To Migration’. Evidence from 129,000 firms […]
Revenue increases at Kerry, but currency headwinds impact results
Revenue at Kerry Group rose 1.4pc year-on-year to €3.2bn in the six months to June 30. The growth in revenue reflected volume growth of 3.6pc and a 0.6pc improvement in pricing, as well as the contribution from acquisitions, according to interim results from the group. However the consumer foods business saw its trading margin decrease […]
Profits jump 80pc at North’s biggest firms
Northern Ireland’s biggest companies have seen their profits increase by almost 80pc in 12 months. This is according to the 2018 ‘Top 100 Companies’ from industry magazine ‘Ulster Business’. Leading the way was Armagh-based poultry producer Moy Park, which reported a turnover of £1.4bn (€1.57bn) over 12 months. This is the seventh year in a […]
Food sector fears Brexit bottlenecks trade threat
Disruption to supply chains is one of the biggest risks facing the Irish food and drink industry, according to a new report from Bord Bia. As Brexit looms large, the ‘Food and Drink Supply Chain Logistics, Strategies for Success’ report found that increased lead times, especially when related to short shelf life food and drink […]
Building costs rapidly rising to Celtic Tiger peak: surveyors
Construction costs will surpass 2006 levels this year and are rapidly approaching the highest levels of the Celtic Tiger bubble, according to new figures from the Society of Chartered Surveyors Ireland (SCSI). The higher prices have big implications for delivery of the Government’s ‘Ireland 2040’ strategic development plan, in particular for the success and cost […]