Datalex, the Dublin-based provider of ecommerce and retail software solutions to global airlines, has just announced profits after tax of $2.7m for 2014 - a near 70 percent increase on the previous year.
The company signed a number of major airline customers during the year including Lufthansa, Swiss International Air Lines and West Air of China.
It expects a further 20-25 percent increase in earnings during the current year, and has proposed a dividend increase of 50 percent to 3c per share.
The financial performance was affected by the stronger value of the dollar and suffered $0.5m of a hit in currency translation losses
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DocuSign, a digital transaction management company has announced that it will create up to 100 jobs in Dublin.
The jobs will be a mix of sales and technical roles - the Irish operation will act as the company's European hub.
The firm has indicated that it picked the city because of the strong pool of available talent.
Mobile network Three Ireland and Future Finance are among the company's Irish clients.
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Ambitious new project on Kilkenny brewery site to be funded by Ireland Strategic Investment Fund.
The €7bn fund established late last year from the remnants of the National Pension Reserve is interested in principle in investing in a major urban renewal project in the heart of Kilkenny city located on the site of the former Smithwicks Brewery.
The funds – managed by NTMA - could take form of loans and equity finance for the Kilkenny project.
Kilkenny County Council has ambitious plans – costing close to €35m - to develop new third-level educational facility, a city park and close to 200,000 sq meters of office accommodation.
The council will vote on the proposals today.
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The European Central Bank (ECB) has revealed that it bought €26.3bn worth of bonds during the first 10 days of its quantitative easing programme.
The bank's president, Mario Draghi told the European Parliament's Committee on Economic and Monetary Affairs in Brussels that the bank is on-track to hit its target of spending €60bn on bond purchases per month.
The ECB will pump €1.14tn into the bond market over at least the next 18 months in an attempt to stimulate Europe's economy - Mr Draghi told the committee that be believes that the plan is working.
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Sky News reporting that a leading litigation expert has been appointed in the UK to head up a compensation case the courts on behalf of some of Tesco’s institutional investors arising from its £236m profits overstatement last year
A public statement is expected to be published soon to elicit the level of interest in pursuing a case for alleged breach by the Company of the Financial Services and Markets Act.
Follows a similar case instigated by a Texan-based pension fund late last year.
The profit over-statement arose principally from the retail group’s practice of inaccurate and premature booking of revenues from suppliers, a practice being investigated by the Serious Fraud Office in the UK.
Tesco employs 15,000 people here.
