This Week In Business

SF Gate Vs SF Chronicle

Print’s not dead. How Hearst is using social to power-up its papers.

The Newspaper business is dead? Don’t tell that to Hearst. By Brett Lofgren | September 12, 2017 NewsWhip’s Global CRO Brett Lofgren discussed the future of “print” in an interview with President of Hearst Newspapers Digital Media, Robertson Barrett. In the age of digital, how are print papers adapting? In the journalism industry, we constantly hear that print is dead. Last month, the New York community lost an iconic brand when the Village Voice announced plans to discontinue their print operation after 60 years. For those under a certain…
Algorithm as a Service

Analizo launches Europe's first algorithm-as-a-service, bringing robo-investing capabilities to the wealth management industry

Robo-investing breaks into the wealth management industry On 19 September, Analizo launched Europe’s first algorithm-as-a-service (AaaS), bringing quantitative investing technology to asset managers and private banks. With 9 out of 10 actively managed funds…
Applegree receives the Star of 2016 Award at the European Small and Mid-Cap Awards in Brussels

Applegreen wins prestigious European SME Award

Star of 2016 award won by Applegreen Applegreen, the #1 motorway service area operator in the Republic of Ireland, has won the prestigious “Star of 2016” at the European Small and Mid-Cap Awards. Applegreen beat off stiff competition from the two other…
Hybrid's National Sales Manager - Textile & Apparel, Stephen Woodall with the Mimaki Tx300P-1800 printer in the company's showroom.

Mimaki Tx300P-1800 already proving a Fashionable Choice

Strong uptake on Mimaki Tx300P from both the education sector and within the textile printing industry. Following its unveiling during ITMA Milan, the popular Mimaki Tx300P-1800 has put the manufacturer at the forefront of direct-to-textile printing bringing…

Irish Stock Market

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Business & Finance

Applegree receives the Star of 2016 Award at the European Small and Mid-Cap Awards in Brussels

Applegreen wins prestigious European SME Award

Star of 2016 award won by Applegreen Applegreen, the #1 motorway service area operator in the Republic of Ireland, has won the prestigious “Star of 2016” at the European Small and Mid-Cap Awards. Applegreen beat off stiff competition from the two other…
Irish Stock Exchange Quarterly Statistics Q3 2016

Irish Stock Exchange Quarterly Statistics Q3 2016

Q3 2016 statistics show over 35,000 securities listed on Irish Stock Exchange markets Listings on ISE markets exceed 35,000 securities 1,438 new debt listings in Q3 including Canadian, Latin American and European issuers Funds from Babson Capital, WisdomTree…
Irish Stock Exchange (ISE) infographic re Q2 2016 statistics and highlights

ISE shows growth

Irish Stock Exchange listing figures grow to over 35,000 securities Quarterly statistics published by the Irish Stock Exchange (ISE) on 14 July show that the ISE has over 35,000 securities from over 4,000 issuers in 80 countries around the globe on its…
Dalata Executive Team at the launch of Dalata Hotel Group at the Irish Stock Exchange

Irish Stock exchange extends to 28 companies

Dalata Hotel Group joins the ISE’s Main Securities Market Dalata Hotel Group (Dalata), the largest hotel operator in Ireland, has transferred its listing to a primary listing on the Main Securities Market (MSM) of the Irish Stock Exchange (ISE). Dalata…
(L-R) Justin Keatinge, CEO, Version 1, Orla O'Gorman, Head of Equity, ISE, Karl Flannery, CEO, Storm Technology, Eoin Goulding, CEO, Integrity 360 at the graduation of IPOready

#IPOready companies graduate from ISE leadership programme

 High-potential companies have graduated from #IPOready #IPOready is the Irish Stock Exchange’s leadership programme for executives, which enhances skills in raising capital, investor relations and business management. Chief Executive Officers (CEOs) and…
Irish Stock exchange

Quarterly Statistics - Irish Stock Exchange

Q1 2016 statistics show 34,382 securities listed on ISE markets. Main headlines: Listings on ISE markets grow to almost 34,400 securities Equity trades reach record levels and turnover rises by 26% as ISE extends its strategic partnership with Deutsche…

World Stock Market

Hans‐Ole Jochumsen re‐elected as FESE President

Deirdre Somers re‐elected as FESE Vice President.On 29th November 2012, the General Assembly of the Federation of European Securities Exchanges (FESE) unanimously approved to renew the appointment of Hans‐Ole Jochumsen, Executive Vice President of the NASDAQ…

Euro rates fixed – but for how long?

The European Central Bank (ECB) has kept rates at 1 per cent despite growing concern about creeping inflation in Germany and high consumer prices throughout the euro zone. Add the impact of pumping €1 trillion of ECB liquidity into Europe’s banks and some…

GLOBAL STOCKS and COMMODITIES

First day trading 2012 UK The UK FTSE ended up 2.3 per cent to close at its highest level since the end of October last year as it played catch-up on the gains made elsewhere on Monday when the London markets were closed for the New Year bank holiday. It…

Snapshot of Irish shares and European stocks over Christmas

The trend for some Irish shares was marked by a slight upward move, principally led by companies such as CRH and Aminex. However, shares fell elsewhere as investors continued to show concern about the size of the loan book from the European Central Bank to…

Markets surge on Central Banks' intervention

It’s amazing what happened when the US Federal Reserve as well as the world's five other main central banks flooded the markets with cheap access to US dollars this week! World stock markets surged! The Irish exchange rose 3.9% with the FTSE in the UK gaining…
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U.S. Stocks Update Wednesday 23rd November 2011

Stock Sectors 3 Month % Change Communications -4.04% Consumer Durables -2.91% Consumer Non-Durables +0.23% Commercial Services +1.67% Electronic Technology +4.05% Energy Minerals +0.69% Finance -4.41% Health Services +3.61% Retail Trade +7.41% Technology…

Economy, Tenders & Invenstment

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State-owned Allied Irish Bank (AIB) has started to like small and medium enterprises (SMEs) again. A new scheme entitled, Big Drive for Small Business, is its attempt to convince its customers along with prospective borrowers that it is prepared to use some of the €20 billion it received from the taxpayer to ease the burden on the SME sector.

So why the sudden change of heart! AIB has a new chief executive, David Duffy, and it is now under enormous pressure from the Department of Finance to increase lending to businesses.

The six-week campaign targets a justifiably sceptical and angry SME sector which feels let down over the last few years by AIB and other banks.

A key part of the strategy will be to re-focus on local branch managers. AIB considers SMEs do not have the same animosity towards these individuals and believes business people know deep down that their local branch manager didn’t cause the banking crisis.

But all the research data show that this perception, while true, doesn’t alter the fact that it was their local branch – not head office – which denied companies the much-needed access to credit over the last few years.

Re-establishing this broken trust will be difficult. AIB and its competitors remain cautious about extending new credit lines due to pressure on balance sheets.

AIB hopes the SME sector will have learned the lesson of cutting costs and the need for profitability so that businesses are currently being run much more efficiently. With so many SMEs struggling to survive, however, it remains to be seen how many of them will meet AIB’s new lending criteria no matter what the local branch manger says or does!

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News that the Encyclopaedia Britannica will cease publication after 244 years has led many observers to speculate that the move was forced by the success of online encyclopaedia Wikipedia. The move signals another win' for online digital media as the battle between print and the internet intensifies.

The Encyclopaedia Britannica was launched in Edinburgh in 1768 and a new version of the publication was available every two years. With the latest 32-volume collection costing £1,195, in one way it's easy to see why the cost has become prohibitive compared to Wikipedia's free access via the net.

Unknown to many, Britannica has been operating from the US since 1929 although it still retains British spelling.

The publication, available online since 1994, also has several smartphone and tablet apps.

The company said it would continue to sell print editions until the current stock of around 4,000 sets runs out.

Britannica's boss, Jorge Cauz, has predicted that in future many publications will never have a print analogue and will only be printed on digital formats. He also warned that many trade publishers would not survive the ever-increasing dominance of online due to print editions being effectively out of date the moment they are printed.

It is believed that Britannica Online will be free to access in full for a week after being updated, a move designed to showcase its content against Wikipedia.

So it boils down to the quality of each company's database and, more importantly, the quality of the editorial.

In the case of Wikipedia it uses a complex system of volunteer editors which has prompted accusations from some quarters that this has meant provision of inaccurate information.

At the end of the day, particularly for scientific articles, the level of inaccurate information on either site will determine who wins this battle. For the normal person on the street, Wikipedia has already won.

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Thousands of new bank redundancies are expected to be announced soon in Ireland. The job cuts will affect a number of institutions and commentators are speculating that the figures being considered will dwarf the recent ones announced by AIB and BOI of nearly 3,000. The news comes on the back of continued bank losses and a delay in implementing these initial job cuts due to negotiations between the Irish Bank Officials Association (IBOA) and the Department of Finance.

AIB, it appears, is close to reducing staff numbers by 2,000 this year. What appears to be on the table is a deal of three weeks’ pay per year of service plus the statutory two weeks. This would bring it close to the package available to HSE workers.

BOI has been trying to finalise its programme of cuts of 750 and although BOI and the IBOA agreed terms last October of four weeks per year in addition to statutory it appears that this is being held up by the Department of Finance which considers the terms too generous.

Sources close to the negotiations say the Department is in constant touch with both banks on the issue to ensure any sign-off is consistent with public sector norms. The feeling is that any deals done must take into account the substantial amount of taxpayers’ money invested in both banks.

As for the other main bank, Ulster Bank is negotiating up to 950 voluntary job cuts, most of them in the Republic. It is offering just three and a half weeks per year, inclusive of statutory terms which is in line with its British parent company, the Royal Bank of Scotland.

The bank has already shed jobs and is ahead of its competitors in this area.

All of this comes at a time when the Government is desperately trying to put some final shape on the restructuring of this sector. It now appears that apart from the numbers already announced by the major banks a further wave of cuts is on the cards.

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Facebook is suing Mark Zuckerberg. That makes absolutely no sense - right? Wrong. It just might possibly be true.  Sort of.  Of course Facebook is not suing its own Mark Zuckerberg, but another one in Israel.

Confused yet?  Hang on, it gets better.

The new Mark Zuckerberg was born Rotem Guez and legally changed his name on 7th December 2011. Zuckerberg (the second) who is an Israeli entrepreneur and has a website MarkZuckerbergOfficial.com, states that he first filed a lawsuit against Facebook, after the social network refused to give him access to his profile, which it had shut down.

According to Israeli site, www.HolesintheNet.co.il, Rotem Guez, has legally changed his name to Mark Zuckerberg after being hit with a lawsuit by the social networking giant.  There must be a lot of people who wish they really were Zuckerberg (or rather, had his money).  Now Guez is one of them – the name not the money.

It all supposedly started when Rotem Guez took Facebook to court in January 2011 because “they were unwilling to return his ‘hacked’ Facebook profile without any apparent, legitimate reason.”

It could be that his main goal is to see if Facebook will continue to threaten and sue Mark Zuckerberg in spite of the publicity. He may stand more of a chance as a Zuckerberg than a Guez.  "If you want to sue me, you're going to have to sue Mark Zuckerberg," Guez reportedly told Facebook. Is that a publicity stunt?

Seemingly, the dispute started when Mark Zuckerberg, when he was Guez, launched Like Store, which sells advertisers Likes for their Pages.

Like Store promises to give companies a boost in traffic by offering Facebook users free content. Since this is in violation of Facebook's terms of service, the social networking giant wanted to shut it down. The site states (translated), “Are you sad no one’s visiting your Facebook Page? We have a solution! Need 1,000 Likes? We’ll get them for you. Need 5,000 Likes? We’ll get them for you. Need 10,000 Likes? We’ll get them for you.” Facebook kicked him off the service for selling Likes and creating fake accounts.

Zuckerberg, I mean Guez, has acknowledged that the Like Store violates Facebook's TOS but he claims many US companies offer similar services.

On 29th January 2011, Guez, when he was Guez, sued Facebook. The lawsuit was actually filed against Nana10 MASA, Facebook's local affiliate in Israel. He said Facebook was unwilling to return his Facebook profile for no "apparent, legitimate reason."

In September, Facebook responded with a lawsuit of its own. Zuckerberg’s (or should I say Guez’s) site reads:

On September 1, 2011, Facebook, inc. and their law firm ‘Perkins-Coie’, sent Mr. Guez (in return) a revengeful threat of a lawsuit, claiming that Mr. Guez and ‘Like Store’ violated Facebook’s TOS by selling advertisers ‘Fans’ for their ‘Fan Pages’, and stated that only Facebook, Inc. can provide such a service. Facebook, Inc. demanded that Mr. Guez close his company and never access Facebook’s site, services, platform or network for any reason whatsoever.

The letters from Perkins-Coie requested that Guez comply with their demands, first by 15th September 2011, after which they extended the deadline to 19th December 2011. The demands were that Guez and his affiliates confirm that they:

1. Have stopped and will not in the future access Facebook’s site, services, platform, or network for any reason whatsoever.

2. Have stopped and will refrain from developing, promoting, selling, offering, and/or using websites or applications, including but not limited to www.like-store.info and i-share.co.il, that sell “Likes,” incentive Facebook users to “like” any page or website or to use Facebook social channels.

3. Have stopped and will not in the future mislead Facebook users; and

4. Have removed references to Facebook from any websites or other promotional material that You control, including but not limited to www.like-store.info and i-share.co.il.

According to Spanish daily El Mundo, in December Guez is said to have legally changed his name to Mark Zuckerberg, without the knowledge of his family or friends

One week later, Guez (now officially Zuckerberg – are you confused yet?) received yet another letter from Facebook.

On 14th December 2011, just one week after Mr. Guez officialy became Mark Zuckerberg, Facebook, Inc. again sent a threat of a lawsuit, not knowing that this time, they are planning on suing Mark Zuckerberg. It gets better!

Perhaps anticipating the media attention he would receive, Zuckerberg has set up an Internet campaign for his new persona, including, in all irony, a Facebook Page and Twitter account, @iMarkZuckerberg, suggesting that he’s ready to hit the world with his new identity. His Facebook page currently has over 3,000 likes (are they all genuine or did he sell some of them to himself), but it remains to be seen whether or not Facebook will take it down.

He has legal documents on it showing that he is, in fact, now Mark Zuckerberg. But, are these documents verified?

It seems that in Israel, Zuckerberg/Guez is only getting local reaction and is being seen as a media stunt and is hurting Israel.

This will make interesting reading.

 

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Technology giant HP, one of Ireland’s leading employers, says it has several investment projects in the pipeline with IDA Ireland. HP hopes to bring some of these to fruition this year but would not go into specifics given the nature of the discussions. The company already employs 4,000 people at its 200-acre facility in Leixlip, Co Kildare, where it manufactures inkjet components. The operation here also provides sales and service for the Irish market in addition to an international financial services division supporting customers in Europe, the Middle East and Africa.

Martin Murphy, HP Ireland’s managing director, has said: “Overall HP’s consumer business has been most impacted by the economic downturn, while the corporate business, which operates on multi-year contracts, has not suffered as much. Our local Irish business grew by 8 per cent last year which is good given that the market here shrank by about 4-5 per cent.”

HP Ireland secured significant contracts with Dublin Airport Authority, ESB, Vodafone, and Belfast Metropolitan College last year. Along with Payzone, HP also operates and supports the electronic systems behind the Leap-integrated ticketing system in Dublin.

Interestingly, after discussions at the Global Irish Forum in Dublin Castle last year, HP is currently working on a study to see how Ireland’s costs compare to those in “other locations where it could potentially invest”. Some commentators are concerned that this may affect future investment at the Leixlip plant.

Meanwhile, Murphy added that while public sector technology spending had been stagnant, he expected this to change: “Central government has got to get into a ‘spend to save’ mindset. You can’t achieve the goals the Government wants to achieve without investing in new technology.”

He concluded that while many still questioned HP’s recent $10.3 billion acquisition of Autonomy he saw “big opportunities” for the software in the Irish market.

http://www8.hp.com/ie/en/home.html

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