News Ireland

2022 - 9 - 4

Post cover — Image courtesy of "Business Plus"

The 10 Biggest Foreign Direct Investment Companies in Ireland (Business Plus)

More than one in every 10 people employed in Ireland now work for a foreign direct investment company - here are the 10 biggest.

Meta Platforms Technologies Ireland reported turnover of $337.2m and profit of $5.8bn in 2020. Microsoft reported $168bn in revenue last year with operating income of $70bn in 2021. Accounts show Huawei Technologies (Ireland) reported turnover of €147.5m and profit of €5.4m in 2020. JP Morgan acquired a 130,000 sq ft building in the Dublin docklands with capacity for 1,000 staff in 2017. The Tallaght-based firm employs 97 between sales, distribution and administration. The subsidiary employs around 2,350 staff between support, operations, technology, trading sales and advisory. Here are the 10 biggest FDI companies in Ireland in terms of 2021 revenue: The final US investment bank on the list, JP Morgan brought in revenues of $121.7bn and net income of more than $48.3bn, and its Irish unit, JP Morgan Hedge Fund Services Ltd, made a $4.9m profit from turnover of $42.5m in 2020 The Commission soon appealed. Bank of America reported revenues of $89.1bn and net income of $32bn last year, and Bank of America Europe, which has been based in Dublin post-Brexit, made a profit of $611m from operating income of nearly $2bn in 2021. The Cupertino company reported net sales of €365.8bn and net income of €96.7bn in 2021, and one of its Irish subsidiaries, Apple Operations Europe Ltd, which manufactures Apple products, accounted for revenues of $211.1bn and net income $56.2bn last year. Alphabet made a profit of $76bn from revenues of $257.6m in 2021, and the most recent accounts for Google Ireland show the unit made a profit of €2.2bn in 2020 despite a tax change of €622.3m, including a settlement of €345m to resolve a number of outstanding tax matters.

Mystery of US archaeologist's Irish disappearance to be examined ... (The Guardian)

Many Inishbofin islanders believe Arthur Kingsley Porter did not drown, but faked his death.

The TG4 documentary leans towards a clandestine getaway, noting that three months before his disappearance Porter amended his will making Lucy his sole beneficiary, that no thorough search was made of the island after he vanished, and that Lucy behaved oddly in the immediate aftermath. Porter confided in a letter that he was “absorbed with anxiety”. In 1926 Porter removed a sarcophagus lid from the 11th-century Spanish tomb of Alfonso Ansúrez, a nobleman’s son, and took it to Harvard, where it was displayed in the Fogg Museum as an example of medieval sepulchral scripture. “He became quite shy and introverted and would feel very unsure of himself in a lot of ways.” “He was facing an awful lot of dilemmas,” said Costigan, who also co-authored a book on understanding suicide. “He would be free of Harvard and his marriage, that constrained him in some ways. When Porter was a boy his mother died and his widower father shocked upper-crust Connecticut society by pursuing much younger women. The TG4 documentary includes interviews with islanders who relate alleged sightings of Porter in Paris. “Archaeologist lost from boat in storm,” said the headline. If you’re a pessimist you think he took his own life. It is a mystery that has entered folklore in this part of County Donegal, on Ireland’s north-western tip. “If you’re an optimist you think he faked his own death.

Leinster and Children in Hospital Ireland announce partnership (Leinster Rugby)

CIH vets, trains, and provides ongoing support for hundreds of volunteers in 14 paediatric units in Ireland every year. Across Leinster, 145 volunteers are ...

This provides us with an opportunity to highlight the work of Children in Hospital Ireland and bring it to new audiences. Thank you to all the team in Leinster Rugby for affording us this opportunity.” With a twin and older sibling at home there were times we couldn’t always be with Freddie and so the volunteers in Crumlin were a massive support to us with this,” say Tracy and Andrew Holmes.

€100k for SMEs on offer from Three Ireland (Business Plus)

Three Ireland has launched the second phase of its grant programme worth €100k for SMEs, in cooperation with Enterprise Nation.

[here](https://businessplus.ie/sme/three-ireland-offering-micro-business-grants/). “The results from the research have further outlined the challenges we know SMEs face daily. [HerSport](https://businessplus.ie/sme/danish-company-wins-fedex-small-business-competition/), really inspire me.

Northern Ireland U17s set to face Finland twice this week (Irish FA)

It will be the U17 squad's last get-together before they face three matches in the UEFA Euro U17 2023 qualifying round next month. Northern Ireland have been ...