Steven McKenna, chief executive of SherryFitzGerald Group, at their office in Ballsbridge, Dublin.  Photograph: Dara Mac Dónaill

Interview: Steven McKenna has taken over from the property business co-founder Mark FitzGerald

Gavin O’Reilly: says his father Anthony is in great health and “happily he’s moved on to the next phase of his life”. Photograph: Nick Bradshaw

Ex-chief executive recalls time in 2008 Harvey Weinstein tried to get him to pull article

Central Bank governor Philip Lane: will be grilled by the Oireachtas finance committee on the  saga  of the tracker rate scandal. Photograph: Cyril Byrne

Banks compound denials and rate error of mortgages with sluggish efforts at redress

The Westbury Hotel in Dublin, part of the Doyle Collection. Photograph: Dara Mac Dónaill

Improved performance came in spite of impact of weak sterling and dollar on accounts

Four-star north docklands hotel was put up for sale in August with a price tag of €87m

Felix McKenna, Urbeo Residential’s new chief executive. He was previously a member of the Nama executive team, and is a former director of property services at Eircom

Urbeo Residential plans to invest in long-term rental accommodation in Ireland

Bord Gáis Energy Theatre

Blockbuster shows at docklands theatre boost profits for owner, Crownway

Big offender in terms of stiffing the taxpayer was IBRC at €35.8bn.

Cantillon: Outstanding bill comes to €16.6bn with annual servicing costs of up to €1.4bn

Graduate conversion diploma: Prof Paddy Nixon, vice-chancellor of Ulster University; Dr Kevin Marshall, education lead with Microsoft Ireland; Una O’ Hare, managing director of Irish Times Training; Gerry Muldowney, education consultant; and Prof Jackie Mc Coy of Ulster University.

HEA provides funding for diploma being offered with Ulster University and Microsoft

Listed UK media group is also in talks to acquire the British owner of the ‘Star’ titles

PMM executives Gareth Williams, Mike Weston and Domhnall Gaffney

Specialist lender to target loan sizes of €5m to €25m for commercial property deals

The Restaurants Association of Ireland says employment in the sector has grown by 33 per cent since 2011. Photograph: Bryan O’Brien

Restaurant body warns budget rate hike could cost up to 4 per cent of jobs in sector

Programme for government includes the retention of the VAT rate provided rates remain competitive

Hotel sector plans robust expansion in Dublin despite claims of vulnerability

AIB chief executive Bernard Byrne. Photograph: Dara Mac Dónaill

Irish bank preparing social housing loan scheme to fund the purchase of 150 homes

Red Flag chairman Gavin O’Reilly, fourth from left, alongside founder Karl Brophy and other members of the Irish PR agency having scooped two gongs at the recent Agency Elite Awards in New York. Photograph: Caroline Sinno

Irish firm wins two awards in New York for National Coffee Association campaign

Computer generated  image of  Charlemont Exchange in central Dublin   after its €100 million redevelopment

Revamp of Charlemont Exchange by Walls Construction to create 100 jobs

Robin Kiely, Ryanair’s head of communications, left, and airline chief executive Michael O’Leary. Kiely is due to give the keynote speech at the PRII’s annual conference next month on the topic of crisis management. Photograph: Eric Luke

Airline chose to leave passengers sweating on cancellations

 Ryanair boss Michael O’Leary at a press conference. File photograph: Niall Carson/PA

Business Today: the best news, analysis and comment from The Irish Times business desk

Rachel Wyse with the Liam Mac Carthy and Sam Maguire Cups.

Five-year deal aims to reduce drop-out rate from the sport among young GAA players

Illustration  of 5 Earlsfort Terrace once its €20m refurbishment has been completed next year

Savills and CBRE to pre-let refurbished 66,000sq ft office block on Earlsfort Terrace

Phase two of Kennedy Wilson’s impressive residential development at Clancy Quay in Dublin

Real estate group will purchase sites to reach goal of 5,000 units within three to four years

Tony O Reilly Jnr speaking during a Providence EGM in 2011. Photograph: Cyril Byrne

Business Today: the best news and analysis from The Irish Times business desk

Howard Millar: last  year joined Stellwagen as chief operating officer and as as chief executive of one of its divisions, Stellwagen Capital.  Photograph: Bryan O’Brien

Fellow executives Edward Coughlan and Edward Hansom also leaving the company

Bank of Ireland chief executive Richie Boucher at home in Dublin: “I was a crisis leader and we came through it with a strong bank.” Photograph: Dara Mac Dónaill

No fanfare as Bank of Ireland chief executive prepares to step down

outgoing Bank of Ireland chief executive Richie Boucher: acted as “Devil’s advocate” during bank’s review of UK operation. Photograph: Dara Mac Dónaill

Decision to remain in UK market followed six-month review, says outgoing chief

Anne-Marie Curran, managing director of leading Irish PR agency Drury Porter Novelli. Photograph: Jason Clarke Photography

Drury added a number of new clients to roster and changed its board structure

Stephen Teeling, left, and his brother Jack Teeling outside the distillery in Dublin, which opened in 2015.

Dublin distiller predicts 25% growth this year as business continues to mature

In a deal believed to be valued at about €4 million, Space Property Group, led by Steve McCarthy, has bought out Allsop’s interest and renamed the company BidX1. Photograph: Cyril Byrne

BidX1 plans to focus on online property sales in Ireland and UK in wake of €4m deal

The Fitzpatrick Manhattan Hotel in New York. The two Manhattan hotels owned by John Fitzpatrick achieved  a record average occupancy level of 91 per cent last year.

Lower room rates in New York hotels follow addition of 6,000 hotel bedrooms in city

UNHCR communications officer Andreas Needham, who died suddenly in Kenya on Saturday.

Andreas Needham (44), a graduate of DIT, had undergone hip surgery in Nairobi

RDS chief executive Michael Duffy says this year’s Dublin Horse Show’s  online sales are 20 per cent ahead. Photograph:  Tom Honan

RDS chief who turned around flailing event has eyes set on redeveloping the main arena

At the launch of  Pepper Money’s sponsorship of Shamrock Rovers:  Brendan Murray,   Ronan Finn and Paul Doddrell.

Australian lender has offered mortgages here since 2016, writing €27.6m in loans

As part of the national framework planning, it has been mooted at various stages that a new city might be created.

Ciarán Hancock: Cork and Limerick are ripe for expansion

Allied Irish Bank: no longer plans to offshore roles in its IT operations unit, where 129 staff were outsourced to Wipro more than two years ago.  Photograph: Paul McErlane

Irish bank considers offshoring move with Wipro too risky in view of current backdrop

In spite of the challenging trading in the year to the end of January, Eason paid €500,000 in dividends. Photograph: Dave Meehan

Turnover falls 5 per cent partly as result of post-Brexit decline in value of sterling

Independent House on Talbot Street, Dublin. The company has come to an agreement with trustees of two INM pension schemes. Photograph: Fran Veale

Company projects pension investment of €115m between 2013 and 2023

INM CEO  Robert Pitt (left) beside chairman  Leslie Buckley,  with fellow directors Ryan Preston and Jerome Kennedy at the Independent News & Media egm recently. Photograph: Cyril Byrne / THE IRISH TIMES

INM faces bitter divisions at board level, an ODCE investigation and pressure on profits

U2: More than 80,000 people are expected to attend the band’s concert in Croke Park on Saturday. Photograph: Giorgio Onorati/EPA

Croke Park gig is band’s only concert in Ireland as part of ‘Joshua Tree’ world tour

Independent House, on Talbot Street, Dublin. INM has issued a profit warning.

Newspaper publisher cites fall in circulation, advertising and Brexit ‘uncertainty’

INM chief executive Robert Pitt, left, and chairman Leslie Buckley. Photograph: Cyril Byrne

Shareholders told Robert Pitt ‘reserves position’ in extraordinary development

On Monday, the DAA announced that 2.9 million passengers used Dublin Airport last month, its busiest June in 77 years

Government should direct funding to rural areas struggling for tourists

Irish investment group Mm Capital has agreed to acquire 31-36 Golden Lane in Dublin 2 from GE Capital for €22 million.

US software group New Relic to let entire property as it expands EMEA base here

The 195-acre Liffey Park Technology Campus in Kildare, which has been put up for sale by US computer group HP Inc.

Kildare facility comprising nine main buildings expected to sell for more than €50m

New dining facilities at the five-star Adare Manor resort in Co Limerick, which is due to open in November following a multi-million euro refurbishment.  New dining facilities at the five-star Adare Manor resort in Co Limerick, which is due to open in November following a multimillion euro refurbishment.

JP McManus-owned hotel and golf resort has received a multi-million euro facelift

Guinness ad supporting the hurling championship. A report found  the Public Health (Alcohol) Bill 2015 would cost the outdoor advertising industry €11m a year, broadcast media €7m, and print media €2m in ad revenue.

RTÉ, TV3 and leading newspapers face a collapse in ad revenue, and job losses

Insurance Ireland’s building in the IFSC, which the European Commission raided on Tuesday. Photograph: Collins

EU concerned that Irish motor insurers are involved in anti-competitive practices

Irish tax group Immedis announced a three-and-a-half-year sponsorship with Offaly golfer Shane Lowry at St Anne’s Golf Club, Dublin, on Monday. Photograph: ©INPHO/Morgan Treacy

Immedis signs deal with Irish golfer to help promote its brand with US multinationals

40 Molesworth Street in Dublin, which its owner, Iput plc, has pre-let to US online retailer Jet.com for €1.8n a year.

Walmart-owned retailer is taking 30,000 sq ft in former EU building in city centre

American oak barrels containing Jameson whiskey, produced by Irish Distillers, at its distillery in Midleton, Co Cork

Payment by Irish Distillers part of parent company’s ‘balance sheet restructuring’

Brothers Stephen and Jack Teeling at the firm’s distillery in The Liberties. Teeling Whiskey has sold a minority stake in the business to Barcardi

Irish whiskey brand will now be imported into US through Bacardi

The development is located on the corner of Cardiff Lane and Hanover Street East, directly opposite the Bord Gáis Energy Theatre.

Site was acquired by Marlet and M&G from An Post two years ago in a €40 million deal

Sherry FitzGerald chief executive Mark FitzGerald: “I would say the help-to-buy scheme is working.” Photograph: Brenda Fitzsimons

Government should focus on reducing construction costs, Mark FitzGerald says

Manor Farm managing director  Vincent Carton: said discussions with Scandi Standard had begun six or seven months ago. Photograph: Barry Cronin

Irish chicken processor has been family owned for eight generations

Emer McGovern, CFO of Fenergo, and chief executive Marc Murphy pictured at the announcement of 200 new jobs in March. The Ulster Bank Diageo fund made an €11.4m profit by selling its stake in the business in 2015. Photograph: Dara Mac Dónaill / The Irish Times

South African bank hopes to have new funds in place by the end of this year

Chartered Land artist’s impression from 2008 of the redevelopment of the former Carlton Cinema site on Dublin’s  main thoroughfare, O’Connell Street

Dublin development land is owned by UK listed developer Hammerson

Directors of Bank of Ireland Andrew Keating and Richie Boucher  during its recent egm, where shareholders approved changes to its corporate structure. Photograph: Brenda Fitzsimons

Bank will also consolidate its shares, moving away from being a penny stock

Ken Robertson of Paddy Power:  his favourite marketing campaign related to the Oscar Pistorius trial in South Africa, which has become the most complained about ad in the UK and was pulled by the company. Photograph: Norton Associates Dublin

Ken Robertson described by Irish bookmaker as a ‘key part of its brand magic’

Developer Michael O’Flynn: “I would drop the price of my houses and apartments if the cost of VAT was reduced.” Photograph: Daragh Mc Sweeney/Provision

While lower VAT might boost construction, builders could also simply reduce their prices

Developer Michael O’Flynn argues that the current 3.5 times income ratio that banks must apply to mortgage applications was too low, and should be increased to 4.5 times, a level  allowed by financial regulators in the UK

Property developer says he would reduce his house prices if Government cuts VAT

Mark FitzGerald will continue as the company’s non-executive chairman and a leading shareholder, with a 40 per cent stake. Photograph: Eric Luke

Co-founder at helm for 35 years and says biggest achievement is ‘survival’

Mark FitzGerald (left) with incoming CEO Steven McKenna

Founder Mark FitzGerald says business will be in “good hands” as he hands over baton

 Slaney Foods will be supplying prime Hereford beef to Lidl as part of the low-cost supermarket’s expansion into the US.  Photograph: Cyril Byrne

Announcement comes as Irish beef wins US Department of Agriculture brand approval

An Post is breaking with decades of tradition with Saturday and weekday evening parcel deliveries, and staff have agreed to radical new working arrangements as the company moves to diversify from its declining  letters business. Photograph: Brenda Fitzsimons

State-owned company targeting €600m a year online retail market to boost its income

Central Bank governor Philip Lane

Ciarán Hancock: Cairn Homes’ offer for Montrose 43% higher than €75m guide price

An artist impression of what the Montrose development could look like.

Irish listed property group significantly outbid rivals for prime site in Dublin 4

The successful bidder is expected to seek permission to build up to 550 apartments on the Montrose property, along with underground car parking. Photograph: Cyril Byrne

Cairn Homes regarded as front runner with successful bid set to be chosen this week

Former journalist and head of head of government information services spent 12 years with Drury

 Stephen  and Jack Teeling, who set up  Teeling Distillery in Dublin’s Liberties in 2015.

Irish whiskey maker has attracted 185,000 visitors in its first two years in business

Pricing the AIB IPO is likely to be one of the first major decisions to be made by the new minister for finance.

Bank’s share sale expected to proceed this month despite post-election uncertainty

Last year’s Ireland Funds’ Business Plan Competition winners:  Blaine Doyle (left) of GlowDx (second place), Stephen Geary of Sothic Bioscience (winners) and Orla McCallion & Sean Judge of UniTuition (3rd place).

Mentoring and cash prizes offered to entrepreneurs with best technology ideas

MyDawa currently employs 30 staff directly, and is making about 20 drugs. File photograph: Getty Images

MyDawa aims to supply generic medicines in Kenya at discounts of up to 40 per cent

Barclays’ Irish business is set to get a new chief executive in the near future with Sasha Wiggins due to leave to become the bank’s head of the east and south east for UK corporate banking.

UK bank reports 16 per cent lift in customer deposits, 53% rise in loans drawn down

“We will continue to explore new markets here. We’re still looking at personal loans and the auto finance business”, said Pepper Ireland CEO Paul Doddrell.

Lender hopes to issue €300m worth of commercial mortgages within two years

Grant Thornton managing partner Paul McCann announces 250 new jobs alongside Minister of State Eoghan Murphy and Tim Lohan, a partner in financial accounting and advisory services. Photograph: Emily Quinn

Roles will be largely based in accounting firm’s new centre of excellence

Alan and Valerie Kingston of Glenilen Farm, which has secured a €500,000 contract with Sainsbury’s supermarkets in the UK.

Cork food company to invest €1.2 million in production facilities

Shares in AIB declined by 6.5 per cent to €8.60 in trading in Dublin on Friday. Photograph: Leah Farrell/RollingNews.ie

Michael Noonan could move on AIB stock market listing next week

Setanta Insurance’s   1,750 claimants  finally set to receive some compensation.

Supreme Court judgment bring ‘clarity’ and may help avoid such instances in the future

 Eoghan Murphy: he said his agreement with the insurance industry represented a “significant step forward”

Under plan Insurance Compensation Fund will pay 65% of any claims if firm collapses

The properties Lone Star is putting up for sale are run by Amaris Hospitality, which is led by Irishman John Brennan (above). Photograph: Eric Luke

Sale of portfolio worth £1 billion to affect six hotels in Ireland

Kieran Desmond, appointed non-executive director at Pepper Finance.

Brother of Dermot Desmond is founder and owner of services provider QSV Group

Greencore chief executive Patrick Coveney: “encouraging pipeline of new business” emerging at Peacock Foods. Photograph: Cyril Byrne

Revenue rose 46 per cent in first half, helped by Peacock Foods deal

Finesse produces products for woundcare and skin treatment, including skin barrier films and protection creams, and silicone and polyurethane foam wound dressings. Photograph: Kham/Reuters

Longford-based woundcare manufacturer Finesse posted revenue of €15m last year

James McGlennon, chief information officer of Liberty Mutual Insurance . Photograph: Chris Bellew/Fennell Photography copyright 2017

James McGlennon of Liberty has insights on the changing role of tech in insurance

RTÉ site is located on the Stillorgan Road, close to Donnybrook. There could be complications for a buyer as the land is being sold without planning permission. Photograph: Alan Betson

Second set of bids for 8.64 acre RTÉ site have June 8th deadline with up to €90m expected

First-round bids were lodged on May 11th for the Montrose site, with the second round of offers due on June 8th. Photograph: Cyril Byrne

Developers of pre-crash era make first-round bids for 8.64-acre site

Francesca McDonagh will be Bank of Ireland’s first female chief.

HSBC head of retail will replace Richie Boucher in October

Cairn Homes’s bulging war chest is potentially good news for RTÉ, which is seeking to sell 8.64 acres of surplus land at its Montrose complex in Donnybrook. Photograph: Cyril Byrne

Range of measures from land use to lending for social housing required

Cairn is expected to use the funds to help bid for a number of prime development sites in Dublin

Irish property group to use funds to bid for new development sites, including RTÉ land

Cairn is believed to lining up bids for a number of prime sites, including land belonging to RTÉ’s land at the State broadcaster’s Donnybrook campus. Photograph: Cyril Byrne

Sale intended to fund bids for prime Dublin development sites including RTÉ parcel

Project will use RBS’s Emerald platform, which can acknowledge payments in under 10 seconds while handling large volumes. Photograph: iStock

Pilot project by Ulster Bank, AIB, PTSB and Deloitte will use technology developed in UK

Central Bank: furniture and other contents from its former premises had been disposed of in line with the bank’s asset disposal policy. Photograph: Matt Kavanagh

Regulator considers moving sanctions inquiry to its own building at Spencer Dock

Richie Boucher, who will retire as Bank of Ireland chief executive later this year.

Separately, AIB chief said Brexit would have little direct impact on the bank

KBC  added nearly 17,000 new Irish customer accounts in the first three months. Photograph: Bryan O’Brien

Irish subsidiary of Belgian financial group bolstered by net €50m writeback in first quarter

The AIB Everyday Rewards scheme will require customers to register their Visa debit or credit cards online. Photograph: Bryan O’Brien

Lidl among the retailers participating in the bank’s new rewards scheme

The Digicel office in Port-au-Prince, Haiti: The heavily-indebted Digicel is in the middle of its biggest-ever restructuring plan. Photograph:  Thony Belizaire/AFP/Getty Images)

Lower cost new loans are part of Digicel’s plan to reduce debt costs

PTSB opened about 10,000 new current accounts in the first quarter of this year, while total new lending volumes rose by 64 per cent. Photograph: Nick Bradshaw

Financial institution increases new mortgage lending by 61 per cent in first quarter

Billy Kane( right) executive chairman of Finance Ireland, and Fergal McAleavey, head of private equity at Ireland Strategic Investment Fund, at the announcement last year  the fund was making a €30m investment in the company

Lending doubled in first quarter, with run rate now at €10m a month

The nature of pension provision in the private sector has changed dramatically in the past decade

With static pension saving rates, a new approach to encouraging pensions is needed

 No bonuses  will be given to senior executives in AIB as part of the expected share sale by the Government in the coming weeks, Michael Noonan has confirmed.   File photograph: Cathal McNaughton/Reuters

Michael Noonan confirms the bank will pay any IPO adviser fees

German Stock Market,  May 8th, 2017. Photograph: Getty

Markets report: Traders had expected result in low volume, steady day in several markets

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