Kelly Martin, chief executive of Elan, says the transactions will deliver long-term growth in income and value. Photograph: Alan Betson/The Irish Times

Irish drugmaker announces two more deals plus plans to raise $800 million

Mortgage lending fell by 66 per cent in the first quarter compared with the last quarter of 2012.

Seasonal factors at play in 66 per cent decline

Low cost airline Ryanair has announced pre-tax profits of €650.9 million. Photograph: Alan Betson/The Irish Times

Low cost airline targets 20 per cent share of European short-haul market

Yahoo chief executive Marissa Mayer has promised not to “screw up” its acquisition of blogging network Tumblr. Photo by Justin Sullivan/Getty Images)

Internet portal will use blogging network to boost social media reach

Make sure you’re able to relax on your holidays by getting adequate travel insurance to ensure that your family and your possessions are protected

Check the cover you need and the small print for exclusions and excess payments

Marks and Spencer is in the spotlight for its tax practices. (Photograph Dara Mac Dónaill/THE IRISH TIMES)

UK retailer reportedly structures European sales in Ireland to avoid UK corporation tax

Billionaire investor Wilbur Ross’ 9.9 per cent stake in Bank of Ireland is one of his best investments

Stake in the bank is among his “best investments”

Irish pension funds remain over-weight in equities and lag the move by European peers towards alternative assets

Irish funds keep allocation to equities steady despite a shift away at European level

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