The re-emergence of the black economy has attracted the interest of the Revenue Commissioners. Its special investigations unit is focusing on local, cash-intensive businesses taking in everything from pubs, restaurants, hairdressers and takeaways to builders and cash-for-gold stores, says the Sunday Business Post.
You know things are bad when even the supermarket discounters can’t make ends meet. Aldi, the German retailer, is blaming increased competition and the slump in consumer spending for a €66.5m loss after tax last year in the UK and Ireland, The Sunday Tribune reports.
The previous year Aldi made a profit of €84.4m but it was doom and gloom last year despite growth in turnover, stores and staff numbers.
Lighting up the peas in a supermarket freezer is a more complicated – and more lucrative – business than you might think. Cork technology company, Nualight has signed a deal worth €5 million over two years with Tesco to provide energy-efficient lighting for all the refrigeration systems in the supermarket chain’s global operations.