Weekly Round Up, 4 May, 2016
Published on May 4 2016 9:38 AM
Fyffes has raised its target earnings range for full year 2016 from €63 million to €69 million, from its previous target of €54m to €60 million. The Irish Independent also reports that the company plans to make further acquisitions during the year, after spending €97.7 million on Highline Produce last month.
In its annual report, An Post’s incoming chairman, Dermot Divilly, has said that Ireland’s national mail service is in need of a dramatic overhaul. Fora.ie reports that he wrote, "the present model, whereby the profitable retail and other group businesses subsidise the loss‑making mails business is, in my view, becoming increasingly unsustainable." He then called for a "radical rethink of the funding and business model".
Keogh’s has added two new multipacks to its product range, which now includes six-pack bags of Atlantic Sea Salt & Irish Cider Vinegar and Dubliner Irish Cheese & Onion crisps. The two new products will join the Keogh’s Farm Favourite’s Variety Multipack, which was launched in 2015 and has since become a top seller for the brand.
Bulmers, has announced the launch of its Forbidden Flavours in a 500ml can format for the off trade. Following the success of last year’s Bulmers Forbidden Flavours launch, Irish consumers will now be able to find their favourite 'Forbidden Flavour', Cloudy Lemon, Strawberry & Lime, Juicy Pear or Berry Berry, in a handy-pack can in supermarkets and convenience stores nationwide.
The Teeling Whiskey Company has launched its brand new event space, 'The Alchemy Room', by hosting a 1916-themed dinner and whiskey matching event for a group of 30. With the help of food historian, Regina Sexton and Peaches Kemp of Feast Catering, Teeling Whiskey created a menu to reflect the meals most commonly enjoyed during the 1916 period in Ireland.
The Department of Communications, Energy and Natural Resources has outlined how its €2,500 Trading Online Voucher Scheme can help small businesses break into the world of ecommerce. Speaking to Indpendent.ie, a representative explained that companies can apply for the grant at their Local Enterprise Office to help develop their online trading capacity.
Powerscourt Distillery has been granted planning permission to build a craft distillery and visitor centre at Powerscourt Estate, Enniskerry, Co. Wicklow. The project will see the Estate’s old mill house developed into a world-class distillery, where Master Distiller Roy Court will mix barley grown in the surrounding fields with certified mineral water from Powerscourt Estate’s well, using traditional pot still techniques.
Lakeland Dairies has acquired Banbridge, Co. Down-based Fane Valley Dairies, following 8 months of assessment by the two companies. The deal was initially planned a joint venture between the two parties, reports Agriland.ie. However, it has since been decided that a simplified structure is a better option.
Donegal Investment Group has reported a fall in pretax profits of more than 10 per cent last year, despite a rise in revenue of 2.7 per cent and an increase in turnover. IrishTimes.com reports that much like 2014, last year the group saw continued challenges for its produce seed potato business.
© 2016 - Checkout Magazine