The Gresham Hotel  has more than 300 rooms and is understood to have scope for an upgrade.  Photograph:  Aidan Crawley

Number of potential suitors linked with O’Connell Street hotel, including Dalata

Axa has told workers in Dublin that it is moving a number of jobs to Derry in a consolidation of some of its operations.

Insurer in intensive talks with unions to agree best terms for Dublin staff affected

Aviation recruitment specialist Parc recorded a drop in profits in 2014. Illustration: Askold Romanov/Getty Images/iStockphoto

Company reports pre-tax profits fall of 5.5 per cent to €3.37 million in 2014 financial year

Dublin Airport recently reported that passenger numbers last month rose 17 per cent to 1.7 million passengers.  Photograph: The Irish Times

Aviation industry benefiting from low fuel prices and extra capacity in key markets

New developments are mired in what appear to be old fashioned planning rows, driven as much by local political concerns as anythin(...)

Compliance check: The Competition and Consumer Protection Commission focuses on stopping practices that harm consumers. Photograph: Thinkstock

Competition protection commission fined 33 traders for breaches of price-display laws

Paul Gogarty, an Independent general election candidate, said that the motion was meant to prevent overdevelopment. Photograph: Dara Mac Dónaill

Council rows back on proposals to block development on New Generation site

Developer Garrett Kelleher: could be hit with a  damages bill over his involvement in a €60 million insurance claim

Chicago Spire backer could owe millions from involvement in €60m insurance claim

 Paul Gogarty: he said he and his colleagues were trying to prevent over-development in the area. Photograph: Dara Mac Dónaill / The Irish Times

Council debating green zone at Lucan site New Generation Homes wants to build on

Fruit importer Fyffes added 3.41 per cent to end the day at €1.396

Paddy Power Betfair makes successful debut on Dublin and London markets

The case now looks set to go to a full trial and Mr Justice Brian McGovern has scheduled it for May 3rd in the High Court

Court challenge likely to Dún Laoghaire-Rathdown County Council’s decision to refuse planning for housing scheme

Belfast developer Paddy McKillen: he and four other builders are  understood to have   raised concerns with Brussels officials about the State agency’s involvement in office developments. Photograph:  Yui Mok/PA Wire

Five builders broadened complaint to European Commission competition directorate

Customer and employee records and intellectual property were the most common targets, according to PwC. Photograph:  Thomas Trutschel/Photothek via Getty Images

Criminal activity online cost businesses average of €2.3m last year, PwC survey finds

David Drumm: His solicitors wrote to the DPP stating that he would return voluntarily to face trial and abide by the strictest conditions if the State agreed not to oppose bail. Photograph: Josh Reynolds

Part of deal would involve ex-Anglo chief waiving right to extradition hearing

A report by Indeed shows that 29 per cent of the Republic’s workers are employed in science and technology roles, 23 per cent more than in 2010. Photograph: Getty Images/iStockphoto

Stem graduates shortfall a threat to State’s ability to draw multi-nationals, survey finds

The European Commission could order that Nama suspend housing plans while it investigates a complaint brought by a group of builders. Photograph: Cyril Byrne

Scheme to build 20,000 starter homes faces delay if EU investigation goes ahead

Led by chief executive Pat Crean (left) and founder Greg Kavanagh, New Generation Homes has spent more than €300 million buying development sites in Dublin. Photograph:  Nick Bradshaw

Group mopping up sites faces issues familiar to previous generations of developers

Pat Crean and Greg Kavanagh. Mr Crean said the planned new offices were a “unique development”. Photograph: Nick Bradshaw

Development designed to cash in on growing demand for offices and new homes

The airline is also running new winter services from Dublin to Athens, Bologna, Murcia, Porto and Seville, as well more flights to Bucharest and Gatwick

Airline says project should not prompt increase in passenger charges

Paddy Power’s merger with Betfair is expected to be completed next week

Paddy Power will own 52% of merged group, worth €11bn at yesterday’s prices

Ray Conner, president and chief executive officer of Boeing Commercial Airplanes,   with Dómhnall Slattery, chief executive officer of Avolon.

Group confirms parent’s plans to provide it with $1.2 billion in equity

Mick Wallace caused controversy last year when he raised questions over Cerberus’s purchase of a group of Northern Ireland-linked loans, called Project Eagle, from Nama for €1.6bn. Photograph: Brian Gavin/Press 22

Cerberus trying to enforce debt linked to TD’s Italian Quarter development

A plane  over Heathrow Airport in London: Dublin-London is the busiest route in Europe and the second biggest in the world, coming after Hong Kong-Taipei. Photograph: Steve Parsons/PA Wire

Almost 4.5m people flew between Irish and British capitals last year

The Competition and Consumer Protection Commission ordered Topaz to sell Esso’s 50 per cent stake in a fuel terminal in Dublin Port as a condition of being allowed to buy Esso. Photograph: Dave Meehan

The companies are interested in buying business Topaz must offload in Esso takeover

IFSC: Mr Kavanagh joined forces with McInerney Properties and British Land in the late 1980s to build the first phase of the IFSC. Photograph: Dave Meehan

Buildings bought from property group controlled by IFSC developer Mark Kavanagh

Mario Draghi in Davos: the European Central Bank president’s remarks helped to buoy markets on Thursday and the trend continued to the end of the business week. Photograph: Jean-Christophe Bott/EPA

Markets still feel benefit of ECB president Mario Draghi’s hint at stimulus measures

Alan Hynes:  a tribunal of the Chartered Accountants Regulatory Board excluded him from the Institute of Chartered Accountants following a lengthy hearing earlier this year. Photograph: Aidan Crawley

Accounant challenging exclusion after investors lost €18m on his property ventures

Five airline chief executives, Michael O’Leary (above) of Ryanair, Willie Walsh of IAG, Alexandre de Juniac of Air France-KLM, Carolyn McCall of Easyjet and Carsten Spohr of Lufthansa, jointly launched the new group. Photograph: Bloomberg

New organisation, Airlines for Europe made up of Ryanair, Aer Lingus parent IAG, Air France-KLM, Easyjet and Lufthansa launched i(...)

Peter Barrett, chief executive of SMBC Aviation Capital, said the company  needed the flexibility of third-party funding. Photograph: Brenda Fitzsimons

Chief executive Peter Barrett suggests fears about the Chinese economy may be overdone

Domhnal Slattery, chief executive of Avolon: did not refer to specific acquisition targets, but he acknowledged that the company would have to buy other lessors if it is to double in size. Photograph: Eric Luke

Dublin-based firm’s new parent, China’s HNA, will provide equity for growth

Wow Air chief executive Skúli Mogensen: the airline is already flying from Dublin to Logan Airport in Boston and Baltimore, via Reykjavik

Demand for services from capital has exceeded expectations, says CEO

Long-haul traffic increased by 19 per cent last year, while short-haul traffic was up by 15 per cent

DAA chief executive says charges could increase by 60c a head

Paddy Power Betfair will be headquartered in Dublin. Photograph: Bloomberg

Regulator gives the green light to deal that will create gambling giant

Ryanair asked the aviation authority to intervene after filing its claims against eDreams in the High Court. Photograph: Josep Lago/AFP/Getty Images

Ruling follows news Civil Aviation Authority investigating eDreams and Opodo practices

Viridian’s  372-tonne gas turbine generator at its power plant in Huntstown,  north Dublin

Owner of Energia and Power NI has been on the block since December with €1bn price tag

Reports  indicated that British-based utility Centrica – owners of Bord Gáis –  is likely to bid for Viridian. Photograph: Cyril Byrne

Deal would see Bord Gáis taking over Viridian’s two electricity plants in Co Dublin

Magners cider at the Clonmel factory: C&C is to add 80 jobs at the Tipperary plant after cutting 144 at Borrisoleigh, Co Tipperary, and Shepton Mallet in England

Firm to close Borrisoleigh plant after losing business from two firms

Ecocem’s US arm is in a row over its involvement with an unofficial economic committee of the council of Vallejo city, near San Francisco. Photograph: David Sleator

Plan to develop site for $50m grinding plant near San Francisco meets opposition

Shares in British supermarket Morrisons rose 8.7 per cent rise after its sales figures beat forecasts. Photograph: Stefan Wermuth/Reuters

Dublin stages comeback as shares in Ryanair, Smurfit and Glanbia gain ground

C&C, the maker of Bulmers and Magners cider, is closing its water bottling facility in Borrisoleigh, Co Tipperary, in which 140 people work, and a plant in Shepton Mallet, Somerset in England that employes a further 120 people.

Bulmers maker to shut water bottling plant

Bulmers and Magners cider maker C&C wil shift production  to its base in Clonmel, Co Tipperary, where an extra 80 jobs are expected to be created. Photograph: Bryan O’Brien/The Irish Times

Bulmers and Magners cider maker will close plants in Tipperary and Somerset, England

 Dublin is ranked as Europe’s second fastest growing group-two airport behind Istanbul

Dublin handled 16.4% more passengers in November 2015 than in corresponding month in 2014

Minister for the Environment Alan Kelly. The Minister and Siga Hydro will announce plans on Monday

Pump-storage hydro-plant could generate enough electricity to power 400,000 homes

Cerberus paid Nama €800m for Project Arrow, a portfolio of more than 1,900 loans secured on properties in Ireland, Britain and elsewhere, on which €6.25bn was outstanding

Cerberus last year bought property loans in Ireland, Britain and elsewhere from Nama and Ulster Bank

Ray Conner, president and chief executive officer of Boeing Commercial Airplanes, with Domhnal Slattery, chief executive officer of Avolon Leasing Group.

Irish company’s shares cease trading in New York

Irish developer Garrett Kelleher is facing contempt proceedings in a US court arising from his involvement in a €60 million insurance claim taken by a group of Liberian businesses.

Garrett Kelleher ordered to appear before court over insurance claim

The North’s comptroller and auditor general Kieran Donnelly

Governance weakness allowed housing division operate with ‘minimum oversight’

Coillte owns the land on which the wind farm is being built, while SSE will construct and operate it

Wind farm close to Oughterard in Co Galway will have capacity to generate electricity to power 170,000 homes

What Dún Laoghaire shopping centre will look like when the project is complete in the second quarter of 2017

Plan for €10m development to create two anchor stores facing street and harbour

Federal Reserve chair Janet Yellen: some claim the Federal Reserve increased interest rates prematurely last month. Photograph: Saul Loeb/AFP/Getty Images

Over €700m wiped off Irish exchange equities and Euro Stoxx 600 has worst start ever

A toy bull sits in front of the DAX Index curve at the Frankfurt Stock Exchange in  Germany on Monday: financial markets started 2016 on a bleak note and China is at the centre of it. Photographer: Martin Leissl/Bloomberg

Smurfit Kappa down despite acquisitions while Kingspan and Paddy Power both rise

Motor tax changes will benefit over 28,500 commercial vehicles. Photograph: Mikhail Dudarev/Getty

Budget 2016 measures come into force, including the simplification of tax rates

Guinness Storehouse: the St James’s Gate premises takes visitors through the history of the stout

Diageo-owned facility holds its position as Ireland’s biggest tourist attraction

Johnny Ronan, one of the duo behind Treasury Holdings, exited Nama this year saying he paid off his personal loans to the agency in full.

Some big names who made it through the collapse are back up and running

The then transport minister Leo Varadkar with Shannon Group chairman Rose Hynes and CEO Neil Pakey.

State company’s board begins search for successor

Andy McCue (left), chief executive, and Gary McGann, chairman, at the Paddy Power egm in Dublin on Monday. Photograph: Eric Luke

Divergent business models will help giant merger get past the regulators

Paddy Power chief executive Andy McCue at the company’s  egm on December 21st. “I cannot think of another sector that is as competitive as ours, so I would be optimistic of getting it early next year.”  Photograph: Eric Luke/The Irish Times

Chief executive hopeful that Paddy Power and Betfair merger will pass remaining regulatory hurdles in time for deal to close by en(...)

Paddy Power  shareholders have backed  a proposed merger between the two companies

Deal will create one of the world’s biggest gambling groups

It is understood Stobart Air’s owners have been contemplating a sale for some time.

Aer Lingus regional services operator profitable for first time since 2010

Dublin Airport Authority has hired Glenbeigh Construction to carry out work on the ground floor of its Terminal One building, part of an overall refurbishment that will cost €10 million. Photograph: Alan Betson

Work planned for Shannon Airport and Dublin Airport Terminal One ground floor

Vayu’s senior energy analyst Joanne Daly said weak demand and strong supply were driving prices of natural gas down. Photograph: Christopher Furlong/Getty Images

Irish wholesale gas prices are 26 per cent lower than 12 months ago

Workers in Ireland are set to see their pay packets swell next year, according to a survey by Mercer. Photograph: Chris Ratcliffe/Bloomberg

Survey shows 97% of employers plan to increase salaries as economy recovers

Channel Mechanics develops software that supports companies’ sales and promotions.

Technology company plans to grow its US business

BNP Paribas and Lloyds are providing the funding for ASL. Image: Thinkstock

Cash will fund Dublin company’s growth

According to the reports yesterday, talks are ongoing but a deal has yet to be concluded.

Bidder is not an airline but has background in the aviation business

Competition authorities in both the UK and the Republic must approve the merger. Photograph: Bloomberg

Shares rise as UK’s Competition and Markets Authority approves anticipated merger

Nama chief executive Brendan McDonagh: he said  that many of the developers are “not satisfied” with a profit of €20,000 per house and want to wait until prices rise to the point where it reaches €50,000 or more. Photograph: Frank Miller

Developers can earn €20,000 on newly built home that sells for €300,000 – McDonagh

Paddy Power chief executive Andy McCue. He will become the chief operating officer of any new group

Pair plan to create one of the world’s biggest gambling groups with revenues of €1.5bn to €2bn a year

AA figures show that petrol sells for an average of €1.295 a litre. That is down from €1.45 in July, but higher than the €1.18 for which it sold in 2009. Photograph: Balint Porneczi/Bloomberg

Heavy taxes on petrol, diesel and the euro’s weakness account for the high cost of fuel

Annual returns filed by Ulick and Desmond McEvaddy’s Omega Aviation Services show that it  had a deficit of €9.36 million on December 31st. Photograph: Brand X Pictures/Getty Images

Omega Aviation Services lost €1.7m last year, annual returns show

Full Tilt Poker’s Irish arm reported profits of €3.3 million in 2014 and net assets at the end of the year were €2 million. Photograph: Luca Francesco Giovanni Bertolli/Getty Images/iStockphoto

Rational FT Services pretax profits increase to €3.3m, up from €1.9m the previous year

The tax collectors are clamping down with unannounced site visits, gleaning more information from suppliers of goods and services and liaising with UK counterparts

Revenue has introduced site identification numbers that will oblige contractors to identify each development

The river Aire, in Leeds, England: Aer Lingus Regional plans to launch a service from Cork Airport to Leeds Bradford Airport in March next year. Photograph: Chris Hepburn/Getty Images

Airline hopes move will increase passenger numbers at airport by 60,000 next year

 San Francisco, California: Ecocem is seeking permission for a $50 million (€45 million) grinding plant in Vallejo, close to the city. Photograph: George Rose/Getty Images

Irish cement maker’s environmental impact report for San Francisco plant is challenged

Robert Watt, secretary general of the Department of Public Expenditure and Reform said that the number of civil servants has fallen to 35,000 from 39,000 in 2007. Photograph: Dara Mac Donaill / The Irish Times

New office boosts capacity and cuts duplication

Paddy Power and  Betfair  plan to merge to create one of the world’s biggest gambling groups.

The Competition and Consumer Protection Commission has yet to begin investigating the €8 billion deal

Gainjet Ireland will locate three aircraft at Shannon Airport, two business jets and an air ambulance, and hopes to begin flying next year.

Greek corporate flier to locate craft in Shannon

Ryanair is suing Google and Edreams claiming that they used its trademark to mislead customers into buying flights at inflated prices.

Airline says move prompted by legal action

Ryanair demanded in the autumn that Google enforce greater transparency in internet advertising to prevent customers being “misled” into buying their flights at from on-line intermediaries rather than from the Ryanair website. Photograph: Alan Betson/ The  Irish Times

Airline claims that search engine and on-line ticket agent are “misleading” its customers

Nama chairman Frank Daly: he’s asking Frank Cushnahan to explain why he did not disclose details of meeting with bidder. Photograph: Gareth Chaney Collins

Nama chairman wrote to former advisory committee member to seek answers

‘Distressed’ property: Cerberus specialises in buying loans at heavy discounts secured against properties whose value has fallen dramatically. Photograph: Garry O’Neill

As its portfolio expands, so does the amount of attention Cerberus is getting

Row centres on correspondence between Nama nd Independent TD Mick Wallace   Photograph: Eric Luke / The Irish Times

TD made new claims in Dáil regarding Northern Ireland loans sale

Average amount loaned to first-time borrowers increased slightly to €172,199 in third quarter

House buyers borrowed €1.23bn during three months to end of September

“It is clear to me that the GalaCoral and Playtech shareholders are the big winners here with Ladbrokes shareholders once again paying the price of management ineptitude,” Dermot Desmond said. Photograph: Cyril Byrne/The Irish Times

Financier will seek to have merger with Coral put to second shareholders’ meeting

Intrade fell foul of US regulators following the last race to the White House

Both Intrade and Trading Exchange Networks are calling creditors’ meetings on December 3rd

The annual workshop organised by the National Centre for Tourism Studies took place at Dromoland Castle, Co Clare. Photograph: Bryan O’Brien/The Irish Times

Robots delivering room service cited as one development that could put jobs at risk

  CRH North America Luxembourg  is part of the group’s global tax and treasury structure and provides  finance to its US business using loans raised from affiliated companies.  Photograph: Brenda Fitzsimons/The Irish Times

CRH North America Luxembourg Sarl has assets of €2.6bn but employs no staff

Fintrax is the world’s second biggest player in processing tourist VAT refunds on behalf of retailers and governments

Fintrax - the world’s second biggest player in processing tourist VAT refunds - poised to be sold to French private equity firm (...)

Michael McAteer: appointed with Paul McCann  as joint administrators of Quinn Insurance in 2010. Photograph: David Sleator

Policies underwritten by company formerly controlled by Seán Quinn, accounts show

Department of Public Spending and Reform secretary general Robert Watt told TDs during the week  his officials would examine whether the bonus scheme breaches  legislation. Photograph: Frank Miller

Government examining whether ‘retention payments’ paid to managers are legal

The Competition and Consumer Protection Commission will investigate listed property investor Green Reit’s proposed €155 million buyout of the Central Park commercial development in Dublin.

Preliminary inquiry to take 30 working days

The leisure centre of the McWilliam Park Hotel: the hotel was built in 2006 with backing of high-profile property developers

Owner and operator of McWilliam Park Hotel to ask for appointment of examiner

Cerberus Capital Management’s purchase of Project Eagle loans from Nama last year for £1.2 billion is at the centre of a number of investigations. Photograph: Eric Luke

State agency paid Belfast solicitors Tughans €8,000 for working on the deal

Qatar Airways picks up Irish travellers who connect to its flights from Britain, particularly at Heathrow, while its main rivals, Gulf carriers Emirates and Etihad, both operate out of Dublin.

Airline seeks to expand European business

Dermot Desmond: “The shareholders in Ladbrokes have passively accepted all the bad news and the loss of value heaped upon them by the Ladbrokes board and management over the last 10 years.” Photograph; Dara Mac Dónaill / The Irish Times

Irish investor calls on shareholders to block deal

The Central Bank confirmed on Tuesday that it has agreed to pay close to 30 of its staff a total of €501,530 over a period of years. Photograph: The Irish Times

Almost 30 employees due for windfall are set to receive an average of over €16,700 each

In Ireland, amounts staked rose by 8 per cent in the period under review, with revenue up by 4 per cent, “driven by our market leading customer offering, with the benefit of an improving economy” Paddy Power said. (Photograph: Matthew Lloyd/Bloomberg)

Bookmaker expects to publish shareholder documentation believed to include a prospectus and other information it has to send to i(...)

Creevy pier in Donegal Bay:  about one in five businesses in Donegal is related to tourism. Photograph: Bryan O’Brien

ITIC report says industry worth €2.6bn to western seaboard and employs 100,000

Chief executive Kevin Nowlan said the company was likely to use the money to buy further offices and sites in Dublin’s central business district.

Property investor agrees credit facility with Bank of Ireland, Barclays and Ulster Bank

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