Latest news with #Irish-owned
Irish Independent
5 days ago
- Business
- Irish Independent
New Carraig Donn store is coming to Tipperary
Today at 01:15 Irish retailer Carraig Donn is set to open a new store in County Tipperary and are seeking to recruit staff. Carraig Donn is one of Ireland's premier retailers of fashion, jewellery and gifts with 43 stores nationwide and an online store. Tipperary councillor Siobhán Ambrose revealed on Thursday that Carraig Donn are coming to Clonmel. 'Their new shop will be opening in the former New Look building on O'Connell Street,' said Cllr Ambrose. 'Many thanks to the company for accepting my invitation to investigate the possibility of opening a new Carraig Donn store here in Clonmel. 'The Irish-owned company are currently recruiting for staff for their new store. This is a very positive announcement for Clonmel and we look forward to welcoming a new Carraig Donn Store to Clonmel over the coming weeks.'
Irish Independent
20-07-2025
- Business
- Irish Independent
Irish exporters defy global obstacles to deliver record growth
At Enterprise Ireland, our priority continues to be supporting Irish-owned companies at every stage of their business journey, helping them create jobs, attract investment, and compete in global markets. To continue to grow in new international markets and find new opportunities, Enterprise Ireland is committed to supporting and fostering the next generation of Irish startups, and we will work to support SMEs to become more profitable, productive and competitive by harnessing AI, innovation and sustainability, and to accelerate Irish businesses to scale and become global leaders in their field. Irish exporters are agile, and they continue to show their strength and resilience, and this was reflected in the strong export results recently published by Enterprise Ireland. Despite economic headwinds, geopolitical uncertainty and rising costs, exports from Irish-owned companies supported by Enterprise Ireland reached a record €36.75 billion in 2024, a 7pc increase on the year before. This growth was broad-based, with strong growth recorded across all overseas territories. Exports to Europe rose by 4pc to €10.63bn, making it the largest export region for the first time, surpassing the UK. This milestone is a direct outcome of our post-Brexit diversification strategy. While diversification has been a strategic focus in response to the changed trading relationship, the UK – our closest neighbour –remains a strategically important market, and a priority for Enterprise Ireland. Exports to the UK reached €10.52bn in 2024, up 4pc year-on-year, and exceeded €1bn for the first time. High-tech construction exports increased by 20pc to €4.66bn Notwithstanding recent challenges, the United States also saw significant gains, driven by strong trading relationships and sectoral growth. Exports to the US reached €6.66bn, with non-food exports accounting for €5.61bn. Technology and services reached €3.13bn, while industrial and life-sciences exports totalled €2.48bn. Sectoral performance was equally robust. Food and sustainability exports rose 5pc to €16.25bn. Non-food exports increased 8pc to €20.5bn, with industrial and life sciences up 9pc to €11.46bn. High-tech construction exports increased by 20pc to €4.66bn. The technology and services sector grew by 7pc to €9.05bn. And within this portfolio, digital tech exports rose 9pc to €3.16bn, and fintech, financial, and business services increased 5pc to €2.90bn. With ongoing uncertainty surrounding global trade, Irish businesses have time and again proven their agility, and ability to diversify across markets when facing challenges. And these impressive export results demonstrate the resilience of the Irish enterprise base, and the global demand for their cutting-edge innovations and solutions. It is our ambition that exporting Irish businesses become the primary driver of the Irish economy Enterprise Ireland's expert teams in Ireland and across our network of 42 international offices remain committed to supporting companies to start, compete, scale and connect, and to grow in international markets. A priority for our team is to support companies to develop potential mitigation strategies and build out new market positions to navigate any challenges on the horizon, including any potential challenges resulting from the ongoing tariff and trade discussions. Enterprise Ireland supported companies are economic cornerstones in towns and communities across the country, and last year these companies employed a record 234,454 people. They also made a substantial impact on the Irish economy last year, spending €42.65bn, including €13bn on payroll. It is our ambition that exporting Irish businesses become the primary driver of the Irish economy. We believe we are stronger together, and Enterprise Ireland will continue to work with our partners from across the ecosystem to support companies to deal with change, to find opportunities and to drive resilience and growth.
Irish Independent
13-07-2025
- Business
- Irish Independent
Multinationals here are a key market for Irish business
Enterprise Ireland is committed to supporting companies at all stages of growth, and as outlined in our recently published new strategy 'Delivering for Ireland, Leading Globally (2025-2029)', we are committed to enhancing the pipeline of innovative start-ups and SMEs, and supporting their long-term, sustainable growth ambitions. We have set a target of supporting 1,000 new start-ups between now and 2029, and for 275,000 people to be employed in Enterprise Ireland-supported companies. Scaling companies is also a key area of focus. Enterprise Ireland wants a greater number of internationally successful, Irish-owned companies of scale that can deliver significant benefits for Ireland. We are focused on increasing the number of world-leading Irish companies, with targets of €50bn in export sales by Enterprise Ireland-supported companies, and 150 large Irish exporting companies of more than 250 employees supported by the agency by 2029. To support this ambition, Enterprise Minister Peter Burke last week led a two-day Enterprise Ireland investment mission across Ireland, focused on strengthening ties with some of Ireland's largest homegrown multinationals. Supported by Jenny Melia, CEO Designate of Enterprise Ireland and the agency's new Global Irish Business Unit, Burke and the delegation met and engaged with the leadership teams from a number of these global Irish companies to explore new opportunities. This mission also provided a platform for significant discussions with the leadership teams from these companies around potential opportunities to expand their operations here. A key objective was to encourage more value-add activity, and to help connect them further with the various aspects of the Irish entrepreneurial and research ecosystems, maximising their contribution to Ireland's economy. This is the first such investment mission led by Enterprise Ireland and the agency's Global Irish Business Unit, which was established last year to focus on stimulating investment and deepening relations with global Irish businesses that are making significant contributions to the Irish economy. A number of important factors are required to foster a company's scaling ambition, including funding, skills and talent, and support in global markets. And Enterprise Ireland stands ready to support companies. These established multinationals we engaged with through this investment mission this week all make a significant contribution to our economy, This programme also enabled the Enterprise Ireland team to gain insights from these global leaders on their scaling journeys, including understandings around best practice around the integration of mergers and acquisitions and long-term retention of key talent. Enterprise Ireland will bring a renewed focus to ensuring that we enable more Irish businesses to scale, and to do so at a faster rate.
Irish Post
06-07-2025
- Business
- Irish Post
Irish fintech company Fenergo announces creation of 300 jobs at Dublin HQ
LEADING Irish Software as a Service (SaaS) financial technology solutions provider Fenergo has this week announced the creation of 300 jobs at its global HQ in Dublin. The move is part of a €100m Research, Development & Innovation (RD&I) expansion plan supported by Enterprise Ireland. In addition to the new roles in Ireland, which will double the domestic headcount, Fenergo is creating new jobs across its international markets to meet demand for its AI-powered solutions. A total of 500 new positions will be filled by the company globally within the next three years. "This investment and growth of our Irish operations reflect our confidence in the excellent talent pool we have in this country, and a market where innovative thinking, entrepreneurship and evolving technology will propel Fenergo to new heights," said Marc Murphy, CEO and Founder of Fenergo. Fighting financial crime With support from Enterprise Ireland, Fenergo has also invested in a new RD&I Centre of Excellence, where the new Irish roles will be based, supporting Fenergo's innovation strategy. The new roles will enable Fenergo to further deliver on its mission to support financial institutions in fighting financial crime and creating a safer world. Fenergo will continue to build out its intelligent, AI-powered solutions for client lifecycle management (CLM), anti-money laundering (AML) and Know your Customer (KYC). This suite of solutions forms Fenergo's FinCrime Operating System, which addresses all anti-financial crime events and operations. The company's investment in its Irish and international expansion is expected to further bolster its ability to serve international markets while also growing its domestic business. In the year ending March 2025, 97 per cent of Fenergo's revenue was generated from exported business. 'Irish-owned, globally-focussed' Kevin Sherry, Interim CEO of Enterprise Ireland, said Fenergo's success showed how Irish companies can impact global markets. "Ambitious companies like Fenergo embody Enterprise Ireland's mission that Irish-owned, globally-focused companies will be the primary driver of our economy," he said. "Fenergo, announcing 500 new jobs today, is a great example of an innovative Irish company growing customers, adding RD&I to drive forward AI powered solutions and creating an impact in global markets. "I'd like to congratulate Marc and the team on this expansion and we look forward to working with them." Recruitment for the new roles is now underway, with candidates being sought for a wide range of mid-level engineering and R&D positions. Fenergo is also rolling out a graduate programme with the intention of appointing up to 30 university graduates. See More: Dublin, Enterprise Ireland, Fenergo
Irish Independent
25-06-2025
- Business
- Irish Independent
FanDuel effort to dismiss US legal action is backed by Washington attorney general
Irish-owned company is being sued under 300-year-old law The attorney general for Washington DC has urged a US court not to upend legalised gambling in the district after Flutter Entertainment's FanDuel and a number of other betting firms were sued under a 300-year-old law that aims to recoup losses for gamblers. The gambling firms being sued, which include DraftKings and BetMGM, could be liable to pay millions of dollars if they lose the case. Register for free to read this story Register and create a profile to get access to our free stories. You'll also unlock more free stories each week.
