Opening Bell: 250 Tipperary jobs at risk, one-third of Dublin offices sold, sterling and Scotland

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There are fears for hundreds of jobs at a cosmetics plant in Tipperary. Staff have been called to a meeting at the Coty plant later today - up to 250 employees' positions are in jeopardy.

Local councillors were told to 'expect the worst' during a briefing after Tipperary County Council's monthly meeting on Monday.

In 2015 the cosmetics manufacturer took over the Proctor and Gamble facility on the Orlando Industrial Estate in Nenagh, which had been in operation there since 1978 - these jobs are expected to move to a plant in England.

Coty is one of the world’s leading beauty companies with revenues of approximately $9bn per annum. Its brand portfolio includes Rimmel, Chloe, and Marc Jocobs.


A new report from Savills surveying Ireland’s property investment market has found that one-third of Dublin’s entire office stock has changed hands in the past four years.

In Dublin's Central Business District this figure rises to 42%.

Between 2013 and 2016, the aggregate value of office investment transactions in Dublin amounted to almost €6.3bn.

"Notwithstanding the continued opportunities for investors to develop their own buildings, to forward-fund developments and to purchase re-trades, more normalised supply levels will see investment settle back to a sustainable €2.5bn-€3.5bn per annum over the coming years," Savills said in a statement.


The pound has shrugged off fears of possible disruption as Scotland seeks a second independence referendum.

It actually rose against the euro and dollar as the announcement was made.

Sterling retreated again - but still ended the day with small gains.

Reports this morning suggest that Theresa May might block the Scottish vote.


Postmasters are calling on the Government to intervene following reports that An Post may close up to 200 post offices around the country.

They're staging a protest at the GPO in Dublin this morning accusing the company of engaging in a cost-cutting 'solo run' instead of implementing a report developed in partnership with the Government last year. 

General Secretary of the Irish Post Masters' Union, Ned O'Hara says the 'Bobby Kerr' report considers both the commercial and social aspect of An Post services, which he believes the company is choosing to overlook.