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Irish goods exports reached a record last year of almost €117bn, but exports to Britain dropped by almost half a billion euro as the Brexit vote took its toll.

Shares in Irish-Swiss food group Aryzta fell 2.3pc in Zurich by mid-afternoon yesterday as investors took an opportunity to cash in on Tuesday’s share surge after it announced the departure of chief executive Owen Killian and a review of its joint investment strategy. Its cfo is also leaving.

A loss of market share as a result of increased competition in the electricity market here contributed to pre-tax profits at SSE Airtricity tumbling by 65pc to €13.4m last year.

US tech firms have “hit the pause button” on any plans to hire staff here, according to a leading recruitment expert.

Two university spin-out companies have secured backing to develop cancer treatments.

France has seen its borrowing costs overtake Ireland’s for the first time since the financial crisis as investors worry about the prospect of far-right, eurosceptic Marine Le Pen winning presidential elections in April.

THE chief executive of Irish-Swiss food group Aryzta, Owen Killian, is to leave the embattled company after more than a year of turmoil at the company.

Rents had their highest rise on record last year, just as measures have been put in place to limit increases.

The battle between grocery chains for market share is poised to deliver big savings for consumers this year.

Political uncertainty ahead of European elections prompted nervous investors to sell the euro and kept French government debt under pressure on Wednesday while the price of safe-haven gold hit three-month highs.