Show Notes
Startups and scale-ups got a shout out in the budget this week. The capital gains tax was cut to 31% and a brand new €1bn scale up fund was announced. Music no doubt to the ears of my next guest who runs the Guinness Enterprise Centre. It is marking its 25th year in existence with more than 160 companies currently under its roof in Dublin 8. David Varian is the Chair of the Guinness Enterprise Centre explained all about the centre to Joe.
More from Breakfast Business with Joe Lynam
Patrick Twomey is the 4th generation of his family to run Twomey Bakers in West Limerick. The have now they have signed a new deal to supply Aldi with thousands of loaves a week. But what's it like baking in an age of high wages and even higher energy costs to keep the ovens hot?
Amundi is biggest fund manager in Europe and their study found that Irish savers have a greater fear of losing money than their European peers. It comes as households prepare for the launch of the new tax efficient personal investment accounts next year. Joe discusses this and more with Graham Fox the Head of Distribution with Amundi.
Friday's business headlines with Joe Lynam and Aidan Donnelly from Davys.
The Kilkenny Design group now has 20 outlets nationwide, selling high end Irish fashion and assorted products since 1963. Now its latest numbers say that turnover was up 13% to €36m last year. It has benefited enormously from the rise in tourists - especially from the US. Speaking to Joe all about the business was Evelyn Moynihan the Chief Executive of Kilkenny Design.
A few years ago the giant French insurer AXA bought Laya health insurance. Now AXA is behind life insurance products from Laya. Cover online is capped at €750,000 but AXA life is entering a market dominated by Irish Life and New Ireland Assurance Joining Joe this morning was Eoin Lynam the Chief Executive of AXA life Europe.