Morning Business News - October 5

Friday 05 October 2012 12.20
Morning Business with Conor Brophy
Morning Business with Conor Brophy

Primary health care centres have been in the news recently. But should the site for your primary healthcare be a virtual one on the internet rather than a physical location?

Johnny Walker, founder of Health XL, says that investment in the digital healthcare sector area has doubled in the past year. He says the sector is looking for innovative ideas around the design of faster and more efficient design solutions to revolutionise the way healthcare services are delivered in a more personalised manner using mobile devices and other technological innovations. Johnny Walker spoke of the advantages of gaming apps in the medical sector and how they can be used to teach children healthy eating habits from an early age.

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MORNING BRIEFS - Endorsement by the Duchess of Cambridge has been a big boost for Irish fashion designer Orla Kiely. Kate Middleton wore one of the designer's dresses at an event in Oxford last February and accounts filed by Orla Kiely's company in the UK show sales soared nearly 20% over the past year to £9.4m (€11.7m). This is a good performance at a time when most fashion retailers are running to stand still. Profit at the company was down, however, from £420,000 to £178,000.

*** Dublin headquartered technology company Fleetmatics has just announced the pricing range for the initial public offering of its shares in New York. Fleetmatics software helps companies track and manage their fleets of vehicles using satellite technology. Shares in the company are going to be offered to the public at $17 each. That is the higher end of the $15 to $17 range the company had indicated in its offer documents ahead of its stock market listing. The market flotation which will see the company raise about $133m or €102m.

*** Just before trading begins in New York the latest monthly job creation figures or non-farm payrolls will be published by the US Bureau of Labor Statistics. Analysts expect the figure will be 113,000 jobs leaving the US unemployment rate still stuck at 8.2%. If it is much better share prices on Wall Street could get a jump start. Missing the 113,000 figure will not only disappoint traders but will likely weigh heavily on the mind of President Obama as he seeks re-election.