This Week In Business News 02 Dec

This Week In Business News 02 Dec

November 30, 2017

Some of the Big Business News Stories From the Last Few Days


British firm Wasdell creates 300 jobs in Dundalk

A British pharmaceutical services firm has said Brexit was one of the key factors in its decision to open a €30m testing and packaging facility in Dundalk, Co Louth, that will see 300 jobs created.

Wasdell Group, which is based in Swindon in the southwest of England, said it would open a pharmaceutical packaging, testing and distribution facility in Dundalk, with the jobs spanning five years.

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Dairy farmers are ‘not in the business of meat sales’

Dairy farmers are not in the “business of meat sales” – that was the clear message from one New Zealand agri-advisor.

Kerry native Dr John Roche from the Down to Earth Consultancy firm has advocated the New Zealand-gene Holstein or Holstein-Jersey crossbred cows with a body weight of 500-525kg as the most efficient animal to maximise profits on grass-based dairy farms.

Speaking at the recent LIC-Eurogene event in Co Limerick and Co Tipperary, Dr Roche dismissed concerns raised over the low value of male offspring from Holstein-Jersey herds, as he advised expanding dairy farmers to “definitely go for crossbred for an easier animal”.

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Taoiseach names Simon Coveney as new Tánaiste

Taoiseach Leo Varadkar has announced Simon Coveney as the new Tánaiste, replacing Frances Fitzgerald.

The Cork man, who was Mr Varadkar’s rival for the Fine Gael leadership earlier this year, will also continue to serve as Minister for Foreign Affairs and Trade with responsibility for Brexit.

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Bitcoin loses a fifth of its value in 24 hours after reaching record highs

Bitcoin slid to as low as $9,000 today, having lost more than a fifth of its value since hitting an all-time high of $11,395 yesterday.

The cryptocurrency fell as much as 8% on the Luxembourg-based Bitstamp exchange to hit $9,000 exactly, marking a fall of well over $2,000 in under 24 hours.

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