Business & Finance brings you the day’s Irish business news in brief.
Female managers in Ireland earn 16% less than male counterparts
According to new research by Europe’s statistical agency Eurostat, women in management positions in Ireland earn 16% less than men. The average pay gap across the EU is 23%.
That places Ireland’s performance in terms of gender equality in management ranks ahead of France, Sweden and the UK.
Women are still under-represented in Irish boardrooms. Research by Credit Suisse Research Institute in 2015 revealed only 17% of directors are women in Irish companies.
Permanent TSB reports loss of €266m for 2016
Permanent TSB has reported an after-tax loss of €266m for 2016.
The bank’s said net interest margin increased by .36% to 1.48% by the end of 2016, however. The lender said its non-performing loans reduced by 11% to €5.9bn by the end of December compared to the same time the previous year.
In a statement, the bank said: “We remain committed to returning capital to shareholders and are guiding to dividend payments from 2018, in 2019.
OCE Technology introduces satellite subsystems to space market
OCE Technology today announced that it is introducing its new range of satellite subsystems to the growing European commercial space market.
The company made the announcement at the 2017 Paris Space Week exhibition, which commenced today and which is Europe’s premier B2B space event dedicated to launch vehicles, satellites and space related technologies.
The subsystems are derived from those in use in the Chinese space programme and have been operational on Chinese satellites over the past 20 years. The company is currently working with European customers to customise the products for the fast growing commercial satellite market.
€3.75m Bord Bia beef and lamb promotional campaign launched
The Department for Agriculture, Food and the Marine, has signed a contract with Bord Bia for a campaign to promote beef and lamb in China, Japan and Hong Kong.
The total campaign spend over three years is valued at €3.75m, comprising €3m in EU funding and €750,000 in Bord Bia funding.
The business-to-business campaign will run for three years (2017-2019) and build awareness and understanding of food safety, quality assurance and sustainability of European grass-fed beef and lamb.
According to Bord Bia, it will also underpin the introduction of EU beef and lamb to China.
Dynamo’s Charlotte Barker wins 2017 IAPI Doyenne Award
The Institute of Advertising Practitioners (IAPI) announced the 2017 winner of the IAPI Doyenne Award at a breakfast in The Morrison Hotel to mark future female leaders in the Irish advertising industry on International Women’s Day. Charlotte Barker, client services director at Dynamo, picked up the award for her leadership skills.
Now in its fourth year, IAPI Doyenne Award recognises women leaders working in advertising, media sales and PR, who demonstrate leadership and who see themselves as future heads of industry.
The initiative runs as part of the many international events for International Women’s Day and puts the spotlight on gender imbalance in an industry where just 18% of women from IAPI member agencies are at senior management level. The most recent industry census highlights a major gap between women and male representation at senior levels despite the fact that, overall, the industry is a perfect 50:50 split.
Heavey RF promotes its new software platform and eye-tracking tech
Heavey RF Group hosted an informative and forward-thinking tech session at its Dublin headquarters, promoting its new technologies, applications, and benefits for clients.
Continuing its €1m growth plan, the company, which provides innovative hardware and software solutions for the warehouse and logistics industry, opened its doors to welcome a range of national and international clients, prospects, and suppliers.
Developments and solutions demonstrated at the tech session included Heavey RF’s unique usage of eye-tracking technology, which allows for a scientific investigation of warehouse workflows and thorough understanding of operational requirements.
Also revealed was the new feature set and interface of the newest version of Heavey RF’s software platform VocalPoint 3.3.