Bord Gáis suggests that US oil producers could respond to Opec’s move by increasing production, which would help to offset the cartel’s cut.

US producers may increase production in response to Opec’s decision to cut

Kingspan chief executive Gene Murtagh: Its  biggest business is manufacturing insulation panels and boards to cut energy consumption in buildings. Photograph: Cyril Byrne

Chief executive says price of steel and chemicals used to make insulation rising

Ryanair: moving closer to a full trial in case against Google and eDreams. Photograph: Getty Images

Airline is suing internet search engine over advertising by online travel agent eDreams

Fianna Fáil leader Micheál Martin at the Chartered Accountants Ireland Leinster Society business lunch in Dublin. Photograph: Eric Luke

Fianna Fáil leader urges special economic zone status for Northern Ireland

Michael Noonan: Some reports suggest that he is criticised in the Public Accounts Committee findings for meeting Cerberus representatives. Photograph: Alan Betson

Minister for Finance will rebut any adverse findings against him in PAC report on Nama

US Federal Reserve chairwoman Janet Yellen: Bank of Ireland and Permanent TSB both performed well on news that she intended to stick with her plan to increase interest rates. Photograph: Yuri Gripas/Reuters

Gambling firms in Ireland and UK under pressure after HSBC cuts ratings

Norwegian Air looks likely to make Stewart airport in New York its destination for Irish flights. Photograph: Chris Ratcliffe/Bloomberg

Airline’s planned flights from Cork and Shannon may land in New York state facility

Irish cement firm Ecocem backed candidates in the recent city council elections in Vallejo, California, where its plan to build a factory has met strong opposition

Californian city’s planning commission due to consider Orcem’s factory plan this month

CityJet is concentrating on building its wet lease business. It recently announced it was buying Copenhagen-based Cimber, which flies regional services in Scandinavia

CityJet also confirms it will axe its London City Airport-Paris Orly and Nantes flights

Lift-on lift-off business, that is cargo vessels carrying goods in containers, was up 5 per cent in Irish ports.

Irish Maritime Development Office figures show drop in coal imports and other traffic

A study of the Cheltenham national hunt festival by Gloucestershire University in the UK shows Irish people bought 57,375 tickets for the 2016 festival.

Study shows people in Ireland bought 57,000 tickets for the four-day festival last year

Bryan Cooper on Irish-trained Don Cossack on the way to winning the Cheltenham Gold Cup last year. Photograph: Michael Steele/Getty Images

Trade barriers and weaker sterling could damage business, says HRI

Irish manufacturer’s Ecocem subsidiary Orcem Americas wants to build a grinding mill in Vallejo, close to San Francisco

Irish cement manufacturer faces opposition from residents fearing environmental impact

Rule allocates temporary premium betting pitches on a rotating basis, rather than giving first refusal to longstanding senior pitch-holders.  Photograph: Joe O’Shaughnessy

Bookie challenges State body on rule governing allocation of racecourse betting pitches

Ticknick Park is one of three parks at the development

Corporate battles and receiverships have delayed the construction of the new suburb

  New York Stock Exchange  on Thursday: Twitter sank 10.7 per cent after reporting  lower advertising revenue in its latest quarter. Photograph: Spencer Platt/Getty

Airlines surge in US after Trump promises ‘phenomenal’ tax proposal in coming weeks

A detailed planning application is to be submitted in the coming months for a new €875 million Cherrywood town centre, as well as 1,300 apartments immediately adjacent to the Cherrywood Luas.

Minister for Housing breaks ground at Cherrywood site for 8,000 new homes

Airline has dubbed the 737 Max a “gamechanger”, as it will cut fuel bills by 20% while carrying 197 passengers, compared to the  737’s capacity of 189

Airline cashes in on low interest rates by borrowing €750m in its third bond issue

Ryanair transported 28.8 million passengers in the third quarter of its current financial year. Photograph: Josep Lago/AFP/Getty

Airline optimistic in middle of Q4 that, despite faltering profit, prediction will be met

Simtech’s  Bob Sheehan (right)  in a  flight simulator at  the company’s Dublin Airport Logistics Park headquarters. Photograph; Dara Mac Dónaill

New investors plan to expand scope of flight simulation and pilot training specialist firm

Ryanair  faces continuing uncertainty over Brexit. Photograph: Tony Gentile/Reuters

Profits fall 8% to €94.7m at the Irish airline on the back of cheaper fares and weak sterling

Wall Street climbed higher on Friday, with the S&P 500 nearing its record high, fuelled by robust nonfarm payrolls data. Photograph: Michael Nagle/Bloomberg

Ryanair and Bank of Ireland gain ground while Greencore continues recovery

FL Partners forecasts that the UK needs 300,000 new homes per year. Photograph: Bloomberg

Agency to focus on expanding from southeast England base through acquisitions

The fund launched by Seroba Life Sciences will typically place up to €10 million with each business it chooses to back. Photograph: iStock

First investment to be in Endotronix, which makes products for treating heart disease

DAA is likely to award the main contract to build the new Dublin Airport runway in coming months and construction could start mid-year.

DAA already has planning for runway but wants to alter a number of conditions

Roe & Coe whiskey, Diageo’s new product.

Bottle of Roe & Co whiskey to be priced at about €35

Passengers from other European countries are increasingly seeing the advantage of travelling to the US via Dublin and Shannon, said Regional and Business Airports Group chair Neil Pakey. Photograph: iStockphoto

Threat to pre-clearance undermines strategic advantage, says former Shannon chief

Jailed fraudster Achilleas Kallakis: was involved with numbers seven and eight St James’s Square, London, which have been sold for £245.9m by Irish developer Green Property

Irish bank was duped into loaning Greek businessman Achilleas Kallakis €740m

New American Chamber of Commerce president James O’Connor (centre), with chief executive Mark Redmond (left) and Barry O’Sullivan, chamber vice-president. Photograph: Maxwells

American Chamber of Commerce’s James O’Connor says State must stay competitive

The Competition and Consumer Protection Commission has launched an investigation into the sale of concert tickets. Photograph: Robin Pope/EyeEm/Getty

Inquiry to examine whether laws ensuring fair rivalry between businesses were broken

 Anne Heraty: says   CPL Resources  expects to grow profitably for the rest of its financial year

Listed recruiter grows revenues to €229m during six months ended December 31st

 Isolde Goggin: the commission chair said it would focus on potentially anti-competitive conduct by those involved in providing tickets and ticketing services, promoters and venues. Photograph: Eric Luke

Competition watchdog will inquire into ‘suspected breaches of law’

UK aviation minister Tariq Ahmad, Brexit secretary David Davis and London City Airport chief executive Declan Collier following a meeting to discuss Brexit’s implications for aviation. Photograph: Stefan Rousseau/AFP/Getty Images

British government does not want hard Border, says London City Airport chief

Under Cityjet’s ownership, Cimber will continue to operate services from Copenhagen for SAS. The Irish airline will fly services from Stockholm and Helsinki.

Cityjet to buy up to 10 Bombardier CRJ900 jets worth about €435m

Ryanair is cutting passenger numbers in Republic to 14 million from 14.4 million this year, with reductions in Dublin and Shannon. Photograph: Alan Betson

O’Leary hopes to sign long-haul deal with either Irish rival or Norwegian Air Shuttle

President Donald Trump has ordered the US to withdraw from the Trans-Pacific Partnership trade deal. Photograph: Pablo Martinez Monsivais/AP Photo

US president’s protectionist stance lines up shares for their worst performance of the year

Maas ranks as one of the world’s top companies in its field. Photograph: Frank Lee Roberts

Irish aircraft painting firm’s expansion prompted by demands of Airbus contract

Avolon’s chief executive Dómhnall Slattery: Avolon says  it will buy C2 Aviation Capital. Photograph: Eric Luke

Purchase will turn Irish-headquartered firm into world’s third-biggest air leasing group

An Airbus A320. Apollo Aviation now employs 25 people in Dublin out of a total of 65.

Likely US interest rate rises and Basel IV reforms set to feed into industry costs

Lufthansa logo: the airline’s subsidiaries Eurowings and Austrian Airlines recently agreed to hire 38 craft and their crew from Airberlin, another German carrier backed by Etihad, to fly routes for them.   Photograph: Alex Kraus/Bloomberg

Irish airline questioning German accord on grounds of competition

The annual  Global Airfinance Conference is held at the Convention Centre in Dublin. Photograph: Dara Mac Dónaill

Basel IV reforms will make lending against aircraft more expensive

Fumbally Square, a mixed use development in Dublin 8 has been acquired for a sum thought to be close to the asking price of €24 million

European property investment firm buys Fumbally Square offices and apartments in first Irish deal

Comptroller and Auditor General Séamus McCarthy had criticised Nama’s handling of a potential conflict of interest. Photograph: Frank Miller

Dáil group looked into €1.6bn sale of agency’s Northern Ireland loans

A number of trade unions which originally opposed Norwegian’s application for a foreign carrier’s permit have petitioned the US court of appeals to review the decision in a bid to have it reversed. Photograph: Chris Ratcliffe/Bloomberg

Unions claim Norwegian’s parent is using Irish company to skirt US and EU labour laws

The S&P 500 and Nasdaq trimmed early gain but remained higher in early afternoon trading. Photograph: Michael Nagle/Bloomberg

BoI and Permanent TSB make gains as FTSE 100 posts 12th consecutive record close

The Strand Apartments Complex in Limerick.

Tenants no longer face the loss of their apartments after criticism of US ‘vulture fund’

Finnair claims that its flight times between Europe and the Far East are among the shortest available. Photograph: iStock

Airline seeks to tap into European demand for Asian connections

Cityjet will provide three  Sukhoi aircraft to Brussels Airlines. Photograph: iStock

Irish carrier to provide craft and crew under deal agreed this week

Apollo raised $1.15 bilion last year to finance 67 aircraft through two asset-backed securitisations.

Aircraft financier increased fleet to 131 as company gained 20 new customers last year

 John Boyle of BoyleSports: “Jimmy Finlay and his family have built up a great business in Leinster with Bambury”

Deal brings the number of BoyleSports stores in island of Ireland to 219

Incoming head of the US department of transportation Elaine Chao  declined  to take a position on Norwegian Air International’s entry into the country. Photograph: Chris Kleponis/AFP/Getty Images

Incoming transportation chief’s refusal to take stance a boost for Irish-registered airline

Oaktree Capital listing at NYSE: The fund bought the debt owed against the Strand apartment complex from State agency Nama in July last year as part of an overall package where it acquired liabilities secured on about 950 apartments and a large number of commercial buildings across the country. File photograph: Getty Images

US fund has interest similar to the Strand in more than 900 apartments in the country

Short-haul traffic rose 11 per cent to 24.3 million passengers at Dublin Airport last year, while the number of long-distance travellers grew 12 per cent to 3.6 million.

Numbers rose 11 per cent on 2015 to new record as most airlines grew Dublin business

Ryanair’s chief commercial officer  David O’Brien said the new agreement with Stansted did not mark a change from its policy of shifting some growth away from the UK following its Brexit vote. Photograph: Getty Images

Carrier to add nine new routes and fly 20 million people to and from London gateway

Independent TD Mick Wallace: The High Court appointed Mícheál  Leydon, of Outlook Accountants in Dublin, as liquidator of M&J Wallace  following a petition from Promontoria Aran. Photograph: Gareth Chaney/Collins

Liquidator brings court case against Independent TD, who has been declared bankrupt

Cork Airport said  all markets grew last year, but the biggest expansion in percentage terms was on German routes

Passenger numbers at Cork Airport grew 8% to 2.23m last year

Panda Green’s takeover of Greenstar went to a phase-two investigation by the Competition and Consumer Protection Commission.

Watchdog cleared all cases it decided last year but imposed conditions on two

Alec Burger: “There is no shortage of liquidity in the industry. Whether it’s lending, whether it’s on the equity side, the demand, I think, for exposure to aviation finance seems very robust.”  Photograph Liam Burke/Press 22

Shannon-based Gecas is one cog in GE’s airline financing and purchasing empire

The legal battle between Lebanese-owned food wholesaler AJA and insurer Cigna Worldwide over losses incurred through looting during Liberia’s first civil war has been running for 25 yearsPhotograph: Patrick Robert/Sygma via Getty Images

With Canadian-born Irish lawyer Martin Kenney, he is embroiled in a decades old insurance claim that has been subject to hearings (...)

Boeing 737: General Electric Capital Aviation Services has ordered 75 737s, worth about €8.25bn.

Shannon-based GE subsidiary owns €42bn worth of aircraft, which it leases worldwide

US president-elect Donald Trump has been asked to revoke Norwegian Air International’s  foreign carrier’s permit, which allows it to fly between the EU and US. Photograph: Chris Ratcliffe/Bloomberg

Over 100 US legislators call on president-elect to revoke permit when he takes office

Gran Platja beach and Badia de Tossa bay on the Costa Brava. Spain will be big next summer, according to Ryanair. Photograph: Getty Images

Airline offers flights to sun destinations, accommodation, transport and support

Irish developer Garrett Kelleher has challenged US court’s jurisdiction over him.

Attorney to stop acting for plaintiff in legal costs in action backed by Irish developer

Dublin’s homeless crisis was discussed at Cabinet on Tuesday. Photograph: Reuters

Admitting delays, Government claims 210 beds for homeless available by end of week

Patrick Crean (left) and Greg Kavanagh: Mr Kavanagh  has called for vacant properties to be converted for use by  the homeless. Photograph: Nick Bradshaw

Greg Kavanagh says empty buildings across Ireland could absorb demand for housing

Cerberus got a judgment against the Mick Wallace in January, although the order was stayed for several months. Photograph: Gareth Chaney/Collins

Independent TD first highlighted the Project Eagle deal in Dáil in mid-2015

Mick Wallace: Part of the Independent TD’s €87,258 annual salary could be taken by the bankruptcy official. Photograph: Collins Dublin, Gareth Chaney

TD’s debts, totally €30m, include €2m to Cerberus, which had him declared bankrupt

Airport managing director Vincent Harrison said: “We’ve seen growth from the vast majority of our major airline customers during the year and also across almost all major market sectors.” Photograph: Kate Geraghty

Christmas rush in full swing and 83,000 people expected on Friday December 23rd

The proposed changes would impose sharp cuts on pensions which were already reduced by 40 per cent in 2013. Photograph: Cyril Byrne

Dispute continues followings INM plans to wind up two retirement schemes

JP McManus (pictured) and John Magnier sold the property to Norges Bank Real Estate Management. Photograph: Dara Mac Donaill

Horse-racing tycoons bought Place Vendome property in 2007 for a reported €650m

Aer Lingus will fly five times daily from Cork next summer. Photograph: Bloomberg

Irish Airline will add extra 113 flights from the airport to sun destinations and Heathrow

Gillian Bowler, pictured during her time as Irish Life and Permanent chairwoman. Photograph: David Sleator

Entrepreneur was influential figure who grew Budget Travel from small beginnings

Garrett Kelleher: he said the case was a “travesty of justice” for the Liberians, who have been pursuing their claim for 25 years

Developer has invested in efforts of Liberian businesses to enforce $66.5m judgment against US insurer

Six State firms, including national grid operator Eirgrid, invested €1.6 billion over the period 2015/2016.  Photograph: Eamonn Farrell/Photocall Ireland

ESB, Bord na Móna and Irish Water among firms with combined profits exceeding €1bn

The C&AG found that the Project Eagle sale could have cost the taxpayer up to €200m.

Material related to discussions at meetings key to contentious €1.6bn Project Eagle deal

Washington recently gave Norwegian Air International, an Irish-based subsidiary of Norwegian Air Shuttle, permission to fly to the US, paving the way for flights from Cork and Shannon to Boston and New York.   Photograph: Chris Ratcliffe/Bloomberg

Hartford, Connecticut could be key battleground for airlines in transatlantic routes from Ireland

 People take part in the NUJ protest on December 5th over Independent Newspapers pension entitlements, outside the Alexander Hotel. Photograph: Eric Luke

Independent News and Media plans to end two already-cut defined-benefit schemes

Garrett Kelleher:  invested $2.85m  in the efforts of AJA to enforce a $66.5 million judgment against US insurer Cigna Worldwide (CWW)

Chicago Spire backer invested in Liberian group AJA’s bid to enforce $66.5m judgment

Declan Ganley: Rivada Mercury lodged a claim with a US court asking it to declare that excluding it was “arbitrary and capricious”. Photograph: Julien Behal/PA Wire

Rivada Networks leads consortium seeking to remain as bidder for telecoms contract

Mick Wallace: he clashed with Cerberus last year when he raised questions over the US fund’s purchase of a group of Northern Ireland-linked loans, called Project Eagle, from Nama for €1.6bn

Promontoria Aran seeking to bankrupt Wallace on foot of €2m judgment for repayment of the loan which it acquired from Ulster Bank (...)

Nama chief executive Brendan McDonagh: he faces questions over lack of records on discussions at  meetings.  Photograph: Eric Luke

Details of discussions over controversial Project Eagle deal may have been destroyed

Lufthansa  says it  will almost double its Dublin-Munich flights to 13 a week. Photograph: iStock

German airline to expand Irish operations for summer 2017

Gaelectric either built the 14 wind farms itself or bought them, and will continue to manage the facilities

Facilities will generate enough electricity to power 120,000 homes

Houses for sale: Fitch predicts that house prices will grow by 3-4% in 2017. Photograph: David Cheskin/PA Wire

UK exit bad for ‘long-term economic growth and political prospects’, agency says

Washington’s department of transportation granted Norwegian a foreign carrier’s permit last week.

US and European unions opposed to move allow flights from Cork and shannon to US

 Norwegian Air: Unions claim the airline will use its  Irish Air Operator’s Certificate as a flag of convenience to skirt labour laws and employ low-paid crew. Photograph: Chris Ratcliffe/Bloomberg

Norwegian Air’s permit win likely to prompt opposition from pilots’ unions and rivals

Mark Neporent, Cerberus chief operating officer and director in a number of Irish subsidiaries. Photograph: Bill Pugliano/Getty Images

US vulture fund at centre of investigations over purchase of Nama’s NI assets for €1.6bn

Nama: notes to Jackson Homes accounts said it was relying on the support of the State agency. Photograph: Cyril Byrne

House builder uses proceeds from sale of 100 homes in Stillorgan to clear debt to agency

The Conrad began an €8 million refurbishment earlier this year

Sales grew 15% to €15.25 million at five-star Dublin hotel, latest figures show

Former Unilever chief executive Niall Fitzgerald: “When trust in business is only 30 per cent among lowest-income groups, that’s not just a problem for them, it’s an even bigger problem for us.” Photograph: Aidan Crawley

Former Unilever head Niall FitzGerald tells conference of perils of isolationism

John Paul Construction’s turnover included a €4 million share from a joint venture. Photograph: Alan Betson

Building group’s turnover grew 63 per cent to €165m in 2015, from €101.4m in 2014

Promontoria Eagle director Mark Neporent: company was able to write off loan and interest repayments against its profits. Photograph: Bill Pugliano/Getty Images

Company structured business in Ireland in order to benefit from section 110 tax break

Banca Monte dei Paschi di Siena was suspended for excessive volatility after a drop of more than 12%. Photograph: Alessia Pierdomenico/Bloomberg

CRH, Paddy Power Betfair and Smurfit Kappa all down while Aryzta rises slightly

Dublin features on a list of eight new destinations to which Qatar says it will begin flying in 2017-18. Photograph: Airbus/AP

Airline yet to say when service will begin but chief hopes to have it launched in 2017-18

The IFSC in Dublin:  part two of the Companies Act 2014 requires private companies to re-register as new private limited companies or designated activity companies by November 30th. Photograph: Alan Betson

Financial services firms could be in breach of licence if not re-registered in time

 Promontoria Eagle director Mark Neporent said Cerberus preferred to work with borrowers rather than  appointing receivers. Photograph: Bill Pugliano/Getty Images

Documents show US vulture fund has repaid loan used to part-fund Nama deal

Shopping in full swing at Dundrum Town Centre, which attracts 18 million visits a year.  Photograph: Matt Kavanagh

Multinational also confirms deals with Irish chains Poulet Bonne Femme and Kanoodle

Taking off: CityJet now employs more than 900 staff, an 80 per cent increase on 2015

Dublin-based airline shut down services that did not make sense, executive chairman says

 Frank Cushnahan: Bidder Pimco told PAC  it had pulled out of the Nama auction  after  Brown Rudnick sought a £16m fee to be shared with Mr Cushnahan and Belfast solicitors, Tughans. Photograph: Press Eye

Brown Rudnick counters US company’s account of dealings over Nama loan portfolio

Ronnie Hanna: The UK’s National Crime Agency arrested him in Northern Ireland in Junephotograph: Brenda Fitzsimons

Cites arrest in June as reason for inability to appear at Dáil PAC hearing into Project Eagle

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