Pat McCann (left), chief executive, and John Hennessy, non-executive chairman of Dalata: the hotel group  rose 1.6 per cent to €4.35 ahead of announcing the purchase of a property in Cork, where it plans to build a 121-room hotel.  Photograph: Eric Luke / The Irish Times

In Dublin Smurfit Kappa is buoyed by better-than-expected trading update

Clockwise from top: Tehran’s ancient grand bazaar – Iran has the second largest economy in the Middle East

Trade missions beating a path to Tehran as country’s economy on road to recovery

Acquisition will allow Lakelands process up to 1.1 billion litres of milk a year

Move will allow Cavan-based co-op to process up to 1.1 billion litres of milk a year

Anthony Reidy and  Ger O’Mahoney of PwC Cork with WGPA executive committee members Anna Geary and Valerie Mulcahy. Photogaph: Gerard McCarthy

Professional services firm leases 14,000sq ft space on a 15-year basis

Developer Michael O’Flynn: “There isn’t a single house constructed on the land.” Photograph: Brenda Fitzsimons

Judicial review will run rule over planning refusal for €75m scheme

A trader works on the floor of the New York Stock Exchange. Wall Street was higher in early evening trading on Monday, helped by a rise in financial and consumer discretionary stocks.

Dublin and London markets closed for a public holiday

  Happier times: British prime minister David Cameron (right) and London mayor Boris Johnson   point at each other as the London 2012 Paralympic Cauldron is lit in London’s Trafalgar Square in  2012.

Survey respondents cite potential knock-on effect for the Irish economy as potential risk

Angel Gurria, secretary general of the Organization for Economic Co-operation and Development (OECD): the OECD’s report suggests global FDI increased by 25 per cent to $1.7 trillion in 2015. Photograph: Molly Riley/AFP/Getty Images

OECD report finds FDI among top industrial countries back at pre-crash levels

PwC’s Feargal O’Rourke with former UK prime minister Gordon Brown  in Dublin. Mr Brown said: “The UK and Ireland are so closely interconnected as members and partners in the European Union that a British exit from the European Union would hurt both.” Photograph: Maxwell Photography

Former taoiseach says EU membership enhances ability of countries to influence issues

 Japanese stocks tumbled and the yen surged  after the central bank dashed investors’ hopes for more stimulus, leading to declines in most other world benchmarks after the Fed left interest rates unchanged. Photograph: AP Photo/Shizuo Kambayashi

In Dublin, Origin sees shares drop 12.5 per cent after reporting poor trading performance

Bord Bia chief executive Aidan Cotter: “The lifting of international sanctions on Iran opens the way for Irish food exporters to explore trading opportunities in the second largest economy in the Middle East.”

Banks wary of running afoul of ongoing US sanctions related to terrorism

The disclosure that the State dairy exporter Ornua paid nine top executives €9.2 million in salaries and bonuses over the past two years has whipped up a storm in farming circles

State’s largest dairy exporter resists calls to disclose chief executive’s pay

Pat O’Rourke: “The farmers I’ve talked to say there is simply no justification for these massive salaries when the price they’re receiving for their product is at a 10-year low”

Former dairy boss Pat O’Rourke says farmers are shocked and disillusioned by revelations

 Steve Wozniak, the co-founder of a US technology giant Apple, who has said the technology giant should pay more tax. Photograph: Paul Faith/PA Wire

Man who set up tech giant with Steve Jobs says companies should pay 50 per cent rate

Ibec CEO Danny McCoy with strategist and author Alastair Campbell  and Mary Rose Burke, Ibec director of strategy, international and corporate affairs. Photograph:  Conor McCabe Photography

Ibec boss McCoy warns State would be unable to negotiate bi-lateral trade deal with Britain

The president of the Irish Farmers’ Association, Joe Healy, has criticised milk processor Glanbia over the price it is paying to suppliers. Photograph: Dave Meehan/The Irish Times

Healy says farmers are being forced to bear brunt of the current dairy market downturn

Wall Street stocks were little changed on Thursday evening after a raft of mixed quarterly earnings and the slide in oil prices kept investors on the sidelines.

Draghi’s failure to mention the strength of the euro sends stocks lower

Chief executive Kevin Lane, chairman Aaron Forde and group finance director Donal Buggy at the announcement of Ornua’s results. Photograph: Patrick Bolger

State’s largest dairy co-op publishes details of executive remuneration for the first time

   Padraig Gibbons, chairman of Aurivo with Donal Tierney, CFO and Aaron Forde, Chief Executive of Aurivo. Picture Kenneth O’Halloran/JCP.

Co-op, formerly known as Connacht Gold, describes trading environment as volatile

Joe Healy, from Galway, who was elected president of the Irish Farmers Association (IFA) at their 2016 Election today. Photograph: Dave Meehan/The Irish Times

Landslide victory for new president a kick in the teeth for organisation’s establishment

Newly elected IFA president Joe Healy celebrates with his family. Photograph: Eoin Burke-Kennedy

Joe Healy’s election seen as reaction to recent controversy

Bank is main creditor to Carlow machinery firm, which was put in receivership last week

 From left Tom Hickey, Petroneft non executive director, Paul Dowling chief financial offers and Dennis Francis chief executive   Photograph: Frank Miller /	Irish Times

Dublin-based company has been in a dispute with its largest shareholder Natlata

  IFA National Livestock chairman Henry Burns: two recent polls give Joe Healy  a narrow lead  for IFA president over Mr Burns, the hierarchy’s preferred candidate. Photograph: Alan Betson/The Irish Times

Joe Healy leads three-way field ahead of Tuesday’s vote count

 Enda Corneille, Emirates  and  Mishal Kanoo, CEO of the Kanoo Group.

Chief executive of Kanoo group was attending the 2016 Arab-Irish business forum

Company claims move was in response to weaker returns amid global slump

Minister for Agriculture, Food and the Marine Simon Coveney: wrote to EU’s trade commissioner Cecilia Malmström last week expressing his concerns about the potential impact of the deal on Ireland’s beef sector. Photograph: Eric Luke

States do not want EU opened to Argentinian and Brazilian farm products

Firm says revised predictions could be derailed by Brexit or further political deadlock here

Transocean, which provided Providence with a drilling unit for Barryroe oil field, had appealed against a ruling by the Commercial Court. Photograph: Finbarr O’Rourke

Irish oil and gas explorer ordered to pay €6.2m to offshore drilling company Transocean

Photograph: Chris Ratcliffe/Bloomberg

Washington-based fund says Ireland has most to gain from liberalisation of world trade

Ships in Dublin Port being loaded with goods for export. Photograph: Irish Times

High passenger and trade figures mean Government will get €10.9 million dividend

Deal between Dublin and Washington extends only to high-value steak cuts, but the big demand is for mince

Industry sources insist trade will not pick up until deal is widened to include mince

File photo   of EU and UK flags fly above the EU Commission offices in Westminster, London. Photograph: Stefan Rousseau/PA Wire

Merrion Stockbrokers issues warning over ongoing politcal stalemate

Chinese premier Li Keqiang with his wife, Madam Cheng, and Taoiseach Enda Kenny on Garvey’s farm in Gortbrack, Co Mayo, in May last year. Photograph: Cyril Byrne

Deal to reopen Chinese market in jeopardy over vote by Ireland at UNHRC

Ireland’s headline inflation rate has been negative for 12 of the last 15 months, CSO figures show

Fall-off in sentiment comes despite a strong sequence of domestic economic data including healthy job numbers and better-than-expected growth figures. Photograph: Eric Luke /Irish Times

Darker mood among consumers linked to prospect of prolonged political uncertainty

Figures suggest number of workers classified as unemployed fell by 2,900 last month

Positive employment numbers here contrast with lacklustre data for euro area as a whole

Irish broadband operator Imagine has teamed up with Australia’s largest investment bank Macquarie to bid for the Government’s €1.5 billion rural broadband contract. File photograph: Andrew Matthews/PA Wire

Irish telco confirms it has financial backing of Australia’s largest investment bank

Eir plans to have up to 100,000 of these homes connected within 12 months with the remainder hooked up by 2020.

Provider has started connecting homes already earmarked for the State scheme

Report on sector suggests it will experience fastest manufacturing growth in UK

Tony Smurfit, whose father, Michael Smurfit, was previously chief executive Photograph: Brenda Fitzsimons/Irish Times

Tony Smurfit took over from Gary McGann as chief executive in September last year

Salary, work/life balance and location ranked as the top metrics for Irish workers when considering where and who they wanted to work for. Photograph: Dara Mac Donaill

Study shows workers here more flexible in their industries than counterparts abroad

Competitors will vie for the top prize in a Dragons’ Den style contest. Photograph: Brenda Fitzsimons

Contest will see shortlist of finalists compete for top prize in ‘Dragons’ Den’ format

Ryanair closing up nearly 3 per cent at €13.60, which was roughly in line with its European rivals. Photograph: Josep Lago/AFP/Getty Images

Shares in Aryzta rise for the first time in week, climbing 2 per cent to €33.80 in Dublin

Aryzta chief executive Owen Killian:  has sold most of his own shares in company. Photograph: Cyril Byrne

Investors unhappy with company’s communication about its financial performance

Eir: company is in a dispute with its rival telcos over fault repair times on the broadband and fixed line network.

Sky, Vodafone, BT and Magnet also want stiffer financial penalty regime imposed

Traders on the floor of the New York Stock Exchange:  Wall Street edged up early on Thursday as FedEx and GE shares lifted the industrials sector. Photograph: Lucas Jackson/Reuters

Swiss-Irish food group Aryzta rounds off difficult few days with modest decline

Aryzta chief executive Owen Killian trims holding in the group. Photograph: Cyril Byrne/The Irish Times

Owen Killian says disposal does not reflect his confidence in Swiss-Irish food group

Aryzta chief executive Owen Killian is the owner 2 Shrewsbury Road in Dublin, one of the most expensive homes in the State.

Media shy Aryzta boss is in unfamiliar territory

Owen Killian,  CEO of Aryzta.  The food group has been struggling to stem investor unease about the company’s US business, which is reported to have lost some big contracts, and a potentially costly French acquisition.

The last thing a company director needs to have happen is his shares being sold in a falling market

The ESRI estimates that if property prices continue to rise at the current rate of 6 per cent per annum, all households would be free of negative equity by the end of 2019. Photograph: Cyril Byrne/The Irish Times

Some 99,950 homes in State worth less than related home loans at end of 2015

The Economic and Social Research Institute  has cautioned the Government against making economic plans based on  headline growth numbers. File photograph: Getty Images

Think tank says headline growth figure is exaggerating true level of economic activity

Former Central Bank governor Patrick Honohan: said last year that  Ireland’s recovery was best illustrated by the growth in employment. Photograph: Dara Mac Donaill

Multinational activity still distorting true velocity of Ireland’s recovery

Mario Draghi, president of the European Central Bank (ECB), pauses during a news conference to announce the bank’s interest rate decision at the ECB headquarters in Frankfurt, Germany, on Thursday. Photograph: Martin Leissl/Bloomberg

Data shows Ireland’s growth of 7.8 % as ECB’s Mario Draghi reduces interest rate to zero

Wall Street reversed course and slipped sharply into the red in volatile trading on Thursday . By early evening, the Dow Jones industrial average was down 107.41 points, or 0.63 per cent, at 16,892.95, the S&P 500 was down 10.84 points, or 0.54 per cent, at 1,978.42 and the Nasdaq Composite was down 31.36 points, or 0.67 per cent, at 4,643.02.

ECB rate cut and Draghi comments prompt up and down day on European markets

GNP grew by 5.7% in the last quarter of 2015. Photograph: Alan Betson/The Irish Times

Annual expansion of 7.8% driven by domestic demand and exports

Global milk prices have fallen by nearly 40 per cent since 2014 on the back of a glut in production, a fall-off in Chinese demand and the Russian trade ban.

Glanbia’s new finance product offers more flexible repayment structures

  Mayor of London Boris Johnson appearing on the BBC One current affairs programme, The Andrew Marr Show.

Davy research note suggests sterling could fall below $1.35 in event of a vote to leave

  Dr Arthur Laffer

Reagan’s tax guru believes property mogul is party’s best chance to beat Clinton

Manpower survey details employment growth across 10 of 11 sectors

 Dermot Smurfit  .Photograph: Brenda Fitzsimons / THE IRISH TIMES

The Finnish paper and packaging firm is part-owned by Smurfit brothers

Grafton boss Gavin Slark he was pleased that growth was coming in from almost all parts of the Grafton group.

Company behind Woodie’s DIY chain saw revenue rise 6 per cent to £2.2 billion in 2015

The review will consider whether Eir’s infrastructural arm Open Eir should be run as a separate business, as is the case in other jurisdictions. Photograph: Eric Luke / The Irish Times

Review will consider possibility of separating Eir’s wholesale arm from its retail business

Ultimate regulatory approval rests with Directorate General for Competition, company confirms

Report finds number of construction notices for new housing reached 8,000 in 2015

The Government plans to award two subsidised contracts for the rollout of high-speed broadband across rural Ireland later this year. The scheme is likely to cost up to €1.5 billion, with the State expected to stump up half the money. Photograph: Andrew Matthews/PA Wire

Company says State-funded network should be operated on wholesale-only basis

 Robert Adair,  Petroceltic chairman  .Photograph: Dara Mac Dónaill / The Irish Times

Skye Investments says takeover offer significantly undervalues UK-listed explorer

 Robert Pitt, chief executive at the Independent News and Media (INM) Group AGM in Dublin.Photograph: Alan Betson / The Irish Times

Media group, however, reports 4.1% decline circulation revenue

Study cites recent investment announcements by Oracle, LinkedIn, Workday and Apple as evidence of deepening economic ties.

As a destination for US investment, Ireland is bigger than Latin America and China

Political change: the Irish political centre has remained resilient and broadly pro-business, Ibec’s Danny McCoy will tell a Brussels forum. Photograph: Paul Faith

McCoy says there remains strong support for Ireland’s pro-enterprise economic model

Building materials group CRH declined in line with rivals, falling roughly 3 per cent, to €22.42

In Dublin Permanent TSB suffers most from global sell-off in financials

Glanbia’s performance nutrition was the main driver of earnings growth in 2015 with ebita of €135.6 million, up 28.3 per cent on a constant currency basis and up 52 per cent on a reported basis

Latest full-year numbers show sports nutrition outstripped global ingredients in 2015

Stan McCarthy: notes that foodservice is now growing at three times the rate of retail. Photograph: Dara Mac Dónaill / The Irish Times

Food group takes note of major trend in global food sector

 Minister for Jobs Richard Bruton: “What is most welcome is the wide range of sectors showing growth,” the Minister said.  Photograph: Eric Luke / The Irish Times

Businesses concerned about possible instability after election, says Ibec

Quarterly National Household Survey puts overall jobless rate at 9.1 per cent

  Stan McCarthy, Chief Executive, Kerry Group

Food group behind Dairygold and Dennys posts 10 per cent increase in trading profits

 Andrew Keating, chief finance officer, and Richie Boucher, chief executive of Bank of Ireland: the bank stocks rose over 5 per cent to €0.26 after it reported an underlying pre-tax profit of €1.2 billion for 2015, an increase of 30 per cent on the previous year. Photograph: Cyril Byrne / The Irish Times

Dublin’s Iseq underperforms European rivals as Ryanair weakens on higher oil prices

Property firm agrees purchase of Central Quay in south docks

Ornua’s new Mitchelstown plant, which will be known as Kerrygold Park, places the co-op in direct competition with its members for the first time

Co-op to open first Irish processing plant amid questions over its role in post-quota ero

Eir, the State’s largest broadband provider, and Siro, the ESB-Vodafone joint venture, are seen as the front runners in the bidding process. Photograph: Andrew Matthews/PA Wire

Two subsidised contracts for rural broadband project to be awarded later this year

The Luas bridge in Dundrum. Engineers Ireland wants a national infrastructural unit, housed in the Department of the Taoiseach, to take ownership of project planning over a 20-30 year horizon.

Engineers Ireland also wants the establishment of new national project planning unit

Telecom repair crew at work. Photograph: Eric Luke

Sky, Vodafone, BT and Magnet claim Eir’s fault repair times are below EU norms

Milk supply: A glut in production, a slowdown in Chinese demand and Russia’s trade embargo have combined to create the worst dairy market slump in a decade. Photograph: Thinkstock

Near 40 per cent decline in prices has also reduced annual incomes by up to €35,000

Ireland is also expected to start exporting beef to China later this year following a lifting of the BSE-inspired trade embargo

Agreement follows inspection visit by the Egyptian ministry of agriculture to Republic

The Irish medtech industry employs 27,000 people, making Ireland the second-largest medtech employer in Europe on a per capita basis, second only the Switzerland

Ibec group warns traditional business model becoming obsolete because of smart tech

Icos wants government to roll-out new income stability tool

Property group had net assets worth €435 million at the end of December

Bloxam stockbrokers: The firm was wound up in 2012 following the discovery of financial irregulatories

Danish lender claims to have floating charge on liquidated stockbroker through loans

Recruitment agency Morgan McKinley says January saw a 37% jump in vacancies

 In Dublin, where demand for housing is strongest, new housing represented 16.9 per cent of all buildings under construction in the State. Photograph: Eric Luke/Irish Times

New research suggests number of property transactions has not recovered from crash

Out of reach: “It’s completely unaffordable for a single person today on average earnings to purchase a house,” says Annette Hughes of the DKM economic consultancy. Photograph: Aidan Crawley/Bloomberg

The rise in property prices is likely to continue, economists predict

Actor Willem Dafoe in a scene from a Snickers Super Bowl 50 spot. Super Bowl 50, between the Denver Broncos and the Carolina Panthers, will be played Sunday

Biggest event in US sports expected to be watched by record audience

ComReg has been strongly criticised for taking too long to adjudicate on complaints that Eir is abusing its dominant position in the market. Photograph: Karl Hussey/Fennell Photography

Rival telecoms firms claim Eir is abusing its dominant position in the market

 Dominick Chilcott, British Ambassador to Ireland .Photograph: Cyril Byrne / The Irish Times

British ambassador hails landmark proposals to keep UK within EU

Cheddar cheese manufacturer generated turnover of €75.7m in 13 months to May of 2015

Head of business energy at SSE Airtricity Stephen Gallagher (left) with Aviva Stadium director Martin Murphy.

Stadium’s power to come solely from renewables under new deal with SSE Airtricity

A surge in corporate tax receipts last year has been linked to a move by Apple to shift some of its intellectual property  rights here in wake of global moves to clamp down on multinational tax avoidance under the OECD’s Base Erosion and Profit Shifting  initiative. Photograph:  Yui Mok/PA Wire

A 15 per cent rate could have reduced foreign firms locating here by 22%, ESRI suggests

IFA Carlow chairman Derek Deane called for a review of the election rules.

Carlow chairman Derek Deane calls for review of rules governing IFA elections

Taoiseach Enda Kenny with  Jer Bergin from the Irish Farmers’ Association.

Taoiseach admits banking inquiry was limited and constrained in its investigation

Chairman Ciaran Lynch TD (centre) and members of the inquiry at the publication of the Oireachtas banking inquiry report at Leinster House, Dublin. Photograph: Brian Lawless/PA Wire

It’s been more than 18 months in the oven but what’s new

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