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☆ Avolon says $4 trln needed to transform global jet fleet
▼ + stars: | 2023-06-13 | by ( Tim Hepher | ) www.reuters.com time to read: +2 min

REUTERS/Mike BlakePARIS, June 13 (Reuters) - Global aviation needs $4 trillion of capital over the next 20 years to fund new commercial deliveries and transform the world's fleet, leasing firm Avolon said on Tuesday. The world's commercial passenger aircraft fleet is set to nearly double to 46,880 aircraft by 2042, the Dublin-based firm predicted. Environmental critics say such rapid growth of commercial aviation is at odds with its environmental objectives. Avolon has said the main focus should be on increasing the supply of Sustainable Aviation Fuels. Europe's Airbus will maintain leadership of the narrow-body market with its current 53% share of the fleet rising to 58% by 2042, Avolon predicted.

Persons: Mike Blake PARIS, Avolon, Tim Hepher, Conor Humphries Organizations: Delta Airlines, REUTERS, Global, . Airlines, Sustainable Aviation Fuels, Airbus, Boeing, Embraer, Thomson Locations: San Diego , California, U.S, Dublin, China

June 9 (Reuters) - TriNet Group (TNET.N), an online payroll services provider with a market value of close to $7 billion, is exploring a potential sale of the company, according to people familiar with the matter. The Dublin, California-based company is working with investment bank Morgan Stanley (MS.N) to engage with potential acquirers, the sources said. TriNet shares rose 15% on the news to $111.85 in afternoon trading in New York on Friday. Founded in 1988, TriNet provides a wide range of human resources services to small and medium-sized businesses, including payroll, compliance and tax credit services. TriNet shares are up 44% so far this year, significantly outperforming an 11% return in the Russell 1000 index, as its business benefited from companies continuing to hire despite a spike in inflation.

Persons: Morgan Stanley, Michael Angelakis, TriNet, Milana Vinn, Marguerita Choy, Kirsten Donovan Organizations: TriNet, Comcast, General Atlantic, Federal Reserve, Thomson Locations: Dublin, California, New York, TriNet

☆ Katie Taylor faces Chantelle Cameron in 'huge boxing event for Ireland'
▼ + stars: | 2023-05-20 | by ( Ben Morse | ) edition.cnn.com time to read: +7 min

The undisputed lightweight world champion, Taylor holds 18 gold medals – including an Olympic gold – and sits second in the Ring’s women’s pound-for-pound rankings. On May 20, national hero Taylor will face Chantelle Cameron – the undisputed super-lightweight world champion – at the 3Arena in Dublin in front of a partisan home crowd as she attempts to become a two-weight undisputed world champion. Cameron, the 32-year-old from Northampton, United Kingdom, was previously signed to MTK Global but is now signed to Matchroom Boxing alongside Taylor. Four international boxing promotions have been held across Ireland over the last six months, according to Mel Christle, chairman of the Boxing Union of Ireland. The presence of Katie Taylor headlining the bill, in her hometown, is making it a huge sporting event for Ireland,” added Christie.

Europe's biggest low-cost carrier said it was placing a firm order for 150 of the largest version of Boeing's narrow-body jet family, known as the 737 MAX 10, with options for another 150. The deal delivers a boost to the 737 MAX, Boeing's best-selling jet whose deliveries have been depressed by a two-year safety crisis and post-COVID disruption. "Boeing wanted us to step up the scale and size of the order even to get the discounts that we [got]." Boeing Chief Executive Dave Calhoun countered during a press conference that no premium was high enough for the jet, in a jovial back-and-forth. On Monday, Reuters first reported that Ryanair was close to a major deal for Boeing jets.

☆ Flutter Q1 revenues jump 29% as U.S. races ahead, UK bounces back
▼ + stars: | 2023-05-03 | by ( Padraic Halpin | ) www.reuters.com time to read: +2 min

Led by its Fanduel brand, Flutter maintained its leading 50% share of the U.S. sports betting market after revenue jumped 92% year-on-year on a constant currency basis. UKI revenue had fallen sharply in the same period last year, partly due to the impact of measures to curb gambling addiction. Chief Executive Peter Jackson put about half the growth down to product improvements and said competitors belatedly adopting safer gambling measures may also have helped Flutter outperform the market, which he estimated was flat year-on-year. Revenue also rose 69% on a constant currency basis in its international division, where Flutter said the recently acquired Italian gaming operator Sisal performed exceptionally well. The Dublin-based firm forecast in November that Fanduel's revenue would jump to around $15 billion over the long term - twice Flutter's entire revenue last year.

LONDON, April 27 (Reuters) - Britain on Thursday set out long-awaited plans to crack down on problem gambling as it aims to bring regulations up to date with a rise in betting online and on smartphones. The reforms would give extra powers to gambling regulators to take down illegal betting sites and tackle unauthorised operators. Campaign group Charity Gambling with Lives, which supports families bereaved by gambling-related suicide, welcomed the changes but said they did not go far enough. It had called for an end to all gambling advertising and affordability checks at 100 pounds of monthly losses. Habits have changed significantly since then, with an exponential rise in online betting.

☆ Fact Check-Flag on Joe Biden’s limousine en route to Dublin Castle was Irish, not Italian
▼ + stars: | 2023-04-17 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

In livestream footage uploaded by RTE News via Twitter, the orange of the Irish flag can be seen as the motorcade entered the Dublin Castle complex (timestamp: 30.51s) (here). A spokesperson for the White House also told Reuters that the flag on Biden’s limousine was Irish. A Reuters livestream shows an Irish flag attached to Biden’s vehicle earlier that day when the U.S. President visited Leinster House to address Irish politicians (timestamp: 15.21s and 15.36s) (bit.ly/3UDuSYf). Other photos captured throughout the visit taken in Ireland and showing an Irish flag attached to Biden’s vehicle can be seen on Reuters Pictures (here), (here). An Irish flag was attached to Biden’s vehicle in Dublin on April 13, not an Italian flag.

☆ Exclusive: ICU Medical to compete against GE Healthcare for Medtronic units -sources
▼ + stars: | 2023-03-29 | by ( David Carnevali | ) www.reuters.com time to read: +2 min

GE Healthcare and private equity firms Carlyle Group Inc (CG.O) and Clayton, Dubilier & Rice (CD&R), which have been pursuing rival offers separately, are also through to the second round, the sources added. Carlyle is bidding through its newly formed healthcare investment platform Atmas Health, according to one of the sources. Medtronic has been taking offers for its patient monitoring and respiratory interventions businesses even as it presses on with preparations to spin them off to its shareholders. ICU Medical, GE Healthcare, Carlyle and CD&R declined to comment. The patient monitoring technology portfolio includes Nellcor pulse oximetry and BIS brain monitoring, while the respiratory interventions business comprises ventilators and breathing systems.

☆ Some Gerber Baby Formula Recalled Due to Possible Contamination
▼ + stars: | 2023-03-20 | by ( Colin Kellaher | ) www.wsj.com time to read: 1 min

No distributed Gerber brand baby formula has tested positive for the presence of the bacteria, says Perrigo. Perrigo Co. is recalling several batches of Gerber brand baby formula because of the possible presence of a common bacteria. The Dublin-based company said the recall involves certain lots of Gerber Good Start SoothePro powdered formula that were made in January at its plant in Eau Claire, Wis.

☆ Oscar success puts 'endangered' Irish language centre stage
▼ + stars: | 2023-03-12 | by ( Padraic Halpin | ) www.reuters.com time to read: +3 min

DUBLIN, March 12 (Reuters) - Thousands of miles from the glitz of Sunday's Oscars, the first Irish language film to earn a nomination is sparking renewed interest in a native tongue spoken by so few it is considered endangered by the United Nations cultural agency. Competing for best international feature, "An Cailín Ciúin" (The Quiet Girl) last year became the first Irish language film to gross more than 1 million euros ($1.06 million) at the UK and Irish box office. Director Colm Bairéad says the success feels like it is boosting a language he grew up feeling self-conscious about because of its rarity. Mac Conghai's production company, which creates everything from Irish language children's programmes to dating shows, has more than doubled its number of staff in the past decade. "I think it's a way of seeing the language isn't just something academic or something historical in a museum.

☆ PokerStars Owner Enters $4 Million Settlement With U.S. Over Russia Payments
▼ + stars: | 2023-03-06 | by ( Richard Vanderford | ) www.wsj.com time to read: +2 min

The owner of PokerStars and other popular gambling brands will pay $4 million to settle U.S. allegations that the handling of payments to Russia-based consultants violated foreign bribery law. Flutter Entertainment PLC, the Dublin-based owner of FanDuel, Paddy Power and other brands, entered into a settlement with the U.S. Securities and Exchange Commission over alleged violations by PokerStars’ previous owner, the Stars Group. Newsletter Sign-up WSJ | Risk and Compliance Journal Our Morning Risk Report features insights and news on governance, risk and compliance. PREVIEWThe SEC, which announced the settlement Monday, said the Stars Group paid about $8.9 million to Russia-based consultants as it pushed for the legalization of poker in that country. “This is a legacy issue, related to a period prior to Flutter’s ownership of the Stars Group,” a spokesman said.

Feb 21 (Reuters) - Medtronic Plc (MDT.N) said on Tuesday it expects inflation in various markets to hit its profit in the next fiscal year after the medical device maker beat earnings estimate for the third quarter on strong demand for its heart and diabetes devices. While inflation in many countries has eased in recent months, the management expects a delayed improvement in its earnings as its costs remain high. "VBP has affected us more than many of our competitors, given the size and breadth of our business in China. Stifel analyst Rick Wise expects Medtronic to get past pricing pressure in China in "the not too distant future". Reporting by Leroy Leo and Mariam E Sunny in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

☆ Online betting firm Flutter to start shareholder consultation on U.S. listing
▼ + stars: | 2023-02-14 | by ( ) www.reuters.com time to read: +1 min

Feb 14 (Reuters) - World's top online betting firm Flutter Entertainment Plc (FLTRF.L) said on Tuesday it would start consulting shareholders for a U.S. listing. The London-listed company's plan for a listing in the United States comes at a time when its market-leading U.S. FanDuel business has become the group's largest in revenue terms. "The board has reached a preliminary view that an additionalU.S. listing of Flutter's ordinary shares will yield a number of long-term strategic and capital market benefits," the company said in a statement. Flutter said the benefits of the additional listing include access to much deeper capital markets and important U.S. indices. Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Nivedita Bhattacharjee and Rashmi AichOur Standards: The Thomson Reuters Trust Principles.

☆ Ryanair is making record profits as booming demand sends airfares soaring
▼ + stars: | 2023-01-30 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

The low-cost European carrier told customers in an earnings statement on Monday to “book early” before cheaper tickets sell out. It reported record profit for the three months to December 31, increasing airfares by 14% compared to their pre-pandemic level. Passenger numbers for the quarter through December climbed to a record 38.4 million. Fares for the quarter were higher than in 2019 “because of a very strong Christmas and New Year period,” according to O’Leary. It expects that number to grow to 185 million passengers over the 12 months to March 2024.

☆ FanDuel's Amy Howe tries to balance pragmatism, humility, and profitability — all while being a trailblazer in a male-dominated industry
▼ + stars: | 2022-12-28 | by ( Rebecca Knight | ) www.businessinsider.com time to read: +5 min

As the CEO of FanDuel, Amy Howe accomplished a feat this year that so far no other US sports-betting platform has been able to achieve: profitability. Seeking constant innovationThis year Howe launched FanDuel TV, a 24-hour television network, which features a mix of studio programming and live sports. She also sealed deals with the WNBA and the New York Yankees, making FanDuel the official sportsbook partner and official daily fantasy partner for the league and team. At the SBC Summit North America trade show and conference this year, she described the female market as an "untapped opportunity" and detailed a number of FanDuel's initiatives to bring more women bettors into the fold. "We're always a little bit paranoid about making sure that we can continue to maintain that position," Howe told Insider last year.

☆ Twitter exec who took court action over Elon Musk's 'hardcore' stay-or-go ultimatum has now left the company, report says
▼ + stars: | 2022-12-23 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

A Twitter executive who took court action over Elon Musk's "hardcore" deadline has left the company. Sinead McSweeney, who was Twitter's public policy VP, left her role on Thursday, Reuters reported. The latest Twitter layoffs, which began on Wednesday, affected half of Twitter's public policy team, according to messages seen by Insider's Kali Hays. In November, McSweeney secured a temporary injunction from an Irish court to keep her job after she failed to respond to Elon Musk's "hardcore" ultimatum. Earlier this month Twitter told an Irish court it had reinstated McSweeney as public policy VP.

☆ Cardinal Health Hires Finance Chief From Sysco
▼ + stars: | 2022-12-19 | by ( Dean Seal | ) www.wsj.com time to read: 1 min

Cardinal Health Inc. has hired Aaron Alt, the chief financial officer of Sysco Corp. , to be its next finance chief. The Dublin, Ohio-based healthcare-products distributor said Monday that Mr. Alt will take over from Trish English, who has served as interim finance chief since August when then-CFO Jason Hollar was tapped as chief executive officer. Mr. Alt will succeed Ms. English on Feb. 10, the company said. Mr. Alt has been with Sysco since December 2020, according to his LinkedIn profile. He previously served as CFO for Sally Beauty Holdings Inc. and held senior executive roles at Target Corp. Write to Dean Seal at dean.seal@wsj.comCopyright ©2022 Dow Jones & Company, Inc. All Rights Reserved.

☆ A Twitter executive has won a court injunction stopping Elon Musk from firing her, report says
▼ + stars: | 2022-11-26 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

Sinead McSweeney didn't resign but was locked out from company systems, the Irish Times reported. McSweeney said she was "unable to work" or get into the Dublin office and had to seek an injunction. A High Court judge granted McSweeney a temporary injunction on Friday to stop Twitter from terminating her contract and applying Musk's conditions from the ultimatum email to her employment status. The Twitter executive was left humiliated and upset after being locked out of Twitter's systems, email and the Dublin office. Lawyers representing McSweeney wrote to Twitter, which accepted that she didn't plan to resign, according to the report.

Nov 22 (Reuters) - Medtronic Plc (MDT.N) on Tuesday lowered its full-year outlook for profit and revenue growth, blaming a stronger dollar and a slower-than-anticipated recovery in supply chain disruptions, sending the medical device maker's shares down nearly 6%. Medtronic cut its revenue growth expectations for fiscal 2023 to 3.5% to 4%, from 4% to 5%. The company said cost-cutting measures will likely offset lower revenue and inflationary pressures in the second half of the year. A slower-than-anticipated recovery in supply chain disruptions impacted Medtronic's medical surgical business the most, with the unit's revenue falling 10% to $2.07 billion. Reporting by Khushi Mandowara and Bhanvi Satija in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

☆ Cardinal Health Quarterly Sales Up 13%
▼ + stars: | 2022-11-04 | by ( Dean Seal | ) www.wsj.com time to read: 1 min

Cardinal’s bottom line was dragged lower by a $154 million goodwill impairment charge from its medical business, along with the impacts of inflation. Cardinal Health Inc. said Friday that its top line rose 13% in its recently completed quarter, with gains from its pharmaceutical business offsetting a decline in its medical segment. The Dublin, Ohio, healthcare-products distributor said its profit for its fiscal first quarter ended Sept. 30 fell to $110 million, or 40 cents a share, from $271 million, or 94 cents, a year ago. The company’s bottom line was dragged lower by a $154 million goodwill impairment charge from its medical business, along with the impacts of inflation, Cardinal said.

☆ This startup cuts down on the legal costs paid by the likes of Airbnb and LinkedIn. Check out the 9-slide pitch deck Johnson Hana used to raise $10.5 million.
▼ + stars: | 2022-10-25 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +2 min

Johnson Hana has raised 10.5 million euros (around $10.4 million) to take on the legal sector. The startup, used by the likes of Ryanair and Airbnb, aims to dramatically reduce legal costs. Irish legal tech startup Johnson Hana has raised 10.5 million euros (around $10.4 million) to build out its platform which is designed to upend traditional law firms by offering legal services to the likes of LinkedIn and Airbnb at a fraction of the industry cost. Compliance tasks that often form the basis of legal process work are often charged by law firms as advice that demands more input from lawyers, according to Johnson Hana. Check out the 9-slide pitch deck Johnson Hana used to raise the funds below:

☆ Novartis to cut its Irish workforce by up to 25%
▼ + stars: | 2022-10-13 | by ( ) www.reuters.com time to read: +1 min

DUBLIN, Oct 13 (Reuters) - Novartis (NOVN.S) said on Thursday that it would cut up to 400 jobs in Ireland, or about a quarter of its workforce there, as part of a previously announced restructuring programme that will cut 8,000 jobs globally. read moreThe changes could potentially impact around 400 staff at its global service centre in Dublin, Novartis said in a statement. It currently employs 1,500 people in Ireland, including 1,000 in the Dublin operation that it said will continue to play a critical role. Register now for FREE unlimited access to Reuters.com Register"Ireland is an important location for Novartis due to its unique eco-system of highly educated, skilled and adaptable workforce which is critical in the knowledge-intensive, high-science, pharma sector," Novartis AG said. Register now for FREE unlimited access to Reuters.com RegisterReporting by Padraic Halpin; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

☆ My meal-delivery business made $1.2 million in revenue in 9 months. Quitting my job at Google to pursue my side hustle full-time was the best decision I've ever made.
▼ + stars: | 2021-10-26 | by ( Kiera Fields | ) www.businessinsider.com time to read: +7 min

Dhillon was still growing his business in 2020 when he began a sought-after job at Google. He quit in January to become a full-time CEO and has made $1.2 million in the past nine months. I was accepted into a summer internship at Google at the timeI returned to the UK to start the internship in June 2019. Working for Google was an amazing opportunity, but it also meant that I was jeopardizing my dream career as an entrepreneur. I'd been working on RNS full time throughout the past five years while also having 100 other things on my mind.

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