by Inside Business with Ciaran Hancock
A weekly look at business and economics from an Irish perspective hosted by Irish Times Business Editor Ciarán Hancock. Produced in association with EY.<hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>
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April 16, 2025
<p>Kerrygold is one of the biggest food brands in Ireland and one of our largest exports.</p><br><p>Earlier today, its parent company Ornua announced that revenues last year were flat at €3.4 billion but its operating profit and Ebitda were up, helped by efficiencies achieved during the period.</p><br><p>But that was last year. Before Donald Trump won the US presidential election and later announced sweeping tariffs on all imported goods.</p><br><p>Kerrygold is one of the main Irish food brands facing a hit from Trump’s tariffs, which are currently set at 10 per cent for 90 days but could ultimately rise to 20 per cent.</p><br><p>Conor Galvin is chief executive of Ornua and he joined me in studio to discuss the impact the 10 per cent tariff is currently having on Kerrygold sales in US retail.</p><br><p>Produced by John Casey with JJ Vernon on sound.</p><hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>
April 9, 2025
<p>A full-blown global tariff war in underway.</p><br><p>Donald’s Trump’s tariffs took effect last night with the EU due to vote today on a retaliatory list drawn up by the European Commission.</p><br><p>The US and China meanwhile have engaged in tit for tat tariffs in the past few days. China has also vowed to fight to the end in the tariff war.</p><br><p>What will all this mean for Ireland? What hit will consumers face?</p><br><p>And should Ireland now pivot east to protect jobs and secure new investment?</p><br><p>To answer these and other questions host Ciarán Hancock Is joined on this week’s episode of Inside Business by Ibec chief executive Danny McCoy, Cliff Taylor of The Irish Times, and Chris Smyth, group CEO at Perennial Freight & president of the France-Ireland Chamber of Commerce.</p><br><p>Produced by John Casey with JJ Vernon on sound.</p><hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>
April 2, 2025
<p>Last week data from the CSO showed a decline of 30 per cent in the number of visitors to the country in February, with revenue taking a hit of €88 million during the month.</p><br><p>This continued a trend dating back to last September.</p><br><p>In this week’s episode of Inside Business, you’ll hear conflicting views from the trade on the current state of the tourism sector here.</p><br><p>Eoghan O’Mara Walsh, CEO of the Irish Tourist Industry Confederation, tells host Ciarán Hancock why he thinks the CSO figures might be overstating the current position within the sector.</p><br><p>Whereas Sean Connick, who operates the Dunbrody Famine Ship Experience and the Kennedy Homestead in Co Wexford, is seeing a different picture with visitor numbers to those experiences declining last year with January and February also soft.</p><br><p>In addition, he has had to absorb significant increases in their running costs.</p><br><p>Produced by John Casey with JJ Vernon on sound.<strong> </strong></p><hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>
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