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BUSINESS NEWS

Business

BITES STOBART RETURNS TO SHANNON

PICTURE

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Fashion designer Helen Steele with Minister Paschal Donohoe at Design Island in Dublin Airport, a photographic exhibition celebrating the breadth of Irish creativity as part of Irish Design 2015. Design Island features a series of 300 photographs by award winning Irish photographer Peter Rowen capturing 24 designers at work in their studios all over Ireland.

Stobart Air, which operates the Aer Lingus Regional brand, is set to resume services from Shannon Airport from June. The airline pulled out of Shannon in January saying the airport “didn’t fit in with its strategic plan.” They now say the move allowed them look at Shannon from a different perspective.

NO CHANGES TO NEWS AT UTV

Northern Ireland broadcaster UTV won’t be making changes to news programming on its recently launched Irish station despite low audience numbers for its news bulletins. The company’s CEO John McCann said, however, that investment in more domestic content will depend on growing revenues.

LANDMARK DEAL FOR CORK TECH CLUSTER

Derek F Butler, CEO, Grid Finance and Katie Cantwell, Owner, KC Peaches

PEACHES

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KC PEACHES, THE NATURAL, WHOLE FOODS SPECIALIST in Dublin, has launched a campaign to secure investment of a55,000 through GRID Finance, one of Ireland’s peer to peer financing platforms. The loan, which if successful, will be used to undertake renovations in their four café locations across Dublin city centre as well as the purchasing of new ovens. This loan is the second time KC Peaches has used GRID in the last number of months. A a5,000 loan was secured on the platform in November 2014.

Cork’s leading tech cluster – it@Cork – has struck a deal for local businesses that opens the door to thousands of potential partner firms. The city’s cluster signed an agreement with other European clusters that will allow its 300 members to share both the infrastructure of member companies and their expertise.

DATALEX PROFITS SURGE

Travel software firm Datalex has reported a 69 per cent surge in profit after tax for last year, while its total revenues rose 9 per cent. The company said its after tax profits rose to $2.7m for the year to the end of December from $1.6m in 2013. Total revenues rose to $41.4m from $38.1m.

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