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Industry News

Glenveagh, the homebuilder that listed on the Irish Stock Exchange last year, said on Tuesday evening it is raising €215 million in a share sale to fund more land acquisitions and development. Separately, Glenveagh revealed that its main shareholder, US private equity firm Oaktree, plans to sell 55 million shares…
Northern Ireland construction company McLaughlin and Harvey has been linked to a £50m contract to build Liverpool Football Club's new training complex. Subject to all planning approvals, work on the Premier League giant's new facility is expected to begin in October in the Kirkby area of Merseyside, the current location…
Medical IT player Cerner is focused on improving data intelligence with European patients. Cerner, a global supplier of healthcare technology services, is to create 50 new roles in Dublin focused on R&D and the management of data for its clients in Europe. Cerner’s intelligent platforms and services connect people, information…
US-based cyber security firm Skout Secure Intelligence will create 30 jobs as it opens its European headquarters in Portlaoise. The company, which was founded by Irish entrepreneur Aidan Kehoe, plans to expand its client base in Europe, the Middle East and Africa using the Irish office as a base. Skout…
Developers are appealing a European Commission decision that allows the National Asset Management Agency to fund house and commercial building, saying that the ruling is flawed. Brussels has ruled that a Government move to allow Nama finance clients’ residential and commercial building projects did not break the European Union’s state-aid…
It is possible “to keep the lights on with 100 per recent renewable energy” while causing minimal disruption to lifestyles, a UK energy expert has said. Paul Allen, of the Centre for Alternative Technology, told the Oireachtas committee on climate action and environment on Tuesday that “powering up renewable energy”…
The trade unions Siptu and Unite have reached an agreement on a long-running dispute over who should represent crane operators in the construction sector. The move follows a row last year in which Siptu complained that Unite had taken into its membership a number of crane operators who traditionally had…
Expansion of activity in the Irish construction sector eased in June from “extremely elevated” levels recorded in the previous month, according to Ulster Bank. The Ulster Bank construction purchasing managers’ index (PMI) dipped to 58.4 in June from 61.8 in May, with total activity in the sector having risen in…
The State’s unemployment rate has fallen to a new post-crash low of 5.1 per cent. The rate for June was the lowest jobless rate recorded in the Republic since October 2007 just prior to the financial crisis. Unemployment has fallen more sharply than the Department of Finance anticipated. In its…
Houses aren’t the only commodity in short supply in the construction sector with Ireland set to experience a shortage of more than 2,000 property surveyors over the next four years. Despite an increasing number of students enrolling in property and construction courses in recent years, graduate output will be insufficient…
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