Paddy Power co-founder Stewart Kenny oversaw company’s  launch on the Irish Stock Exchange in 2001

Bookmaker sowed the seeds for €10bn gambling giant

Paddy Power Betfair said on Wednesday that revenues grew 18 per cent to £759 million in the six months ended June 30th from £642 million million during the same period last year. (Photograph: Matthew Lloyd/Bloomberg

Betting group’s business generated £147.6m operating profit

A proportion of BMD’s work involves replacing and upgrading parts of customers’ plant and equipment and the company draws most of it from Ireland and Britain. Library photograph: iStock

Firm bought out of Bowen Construction from Nama expects turnover to rise by over 15%

Irish-based DIY and builders’ merchant, Grafton, rose on the back of an upbeat day for construction-related stocks in London. Photograph:  PA Wire

Reports of high residential rents in Dublin spark investor interest

Finnair  will use a mix of Airbus and the slightly smaller Embraer craft on the route during the 2017 summer season. Photograph: Markku Ulander/AFP/Getty Images)

Airline tapping into growing demand for services to Asia, with quicker connections

Kingspan chief executive Gene Murtagh: “We are actively looking at Brazil, India and Russia.” Photograph: Cyril Byrne

Company looking to add to four rival businesses it bought this year and enter new markets

A new report, by Davy analyst Ross Harvey, points out that earnings downgrades have cost European airlines 20 per cent of their value in the last two months.

Davy analyst says airlines need to stimulate growth to continue to see strong figures

Gene Murtagh: “The expansion in profit margin has helped deliver a 50 per cent increase in trading profit.”

Chief executive Gene Murtagh says results are its strongest ever six-month performance

Seed and agrichemical distributor Goldcrop is set to take over rival Croplink. Photograph: Bryan O’Brien

Seed and farm chemical firms to trade as Goldcrop subject to competition approval

Panda is the brainchild of businessman Eamon Waters, who is still its biggest shareholder. It has about 150,000 household customers and 15,000 businesses

Deal between Panda and Greenstar gets green light

Dublin Airport: Transatlantic traffic rose 7 per cent as more than 343,000 people travelled between Dublin and north America.

Almost three million travelled through the Irish gateway last month

Kingspan chief executive Gene Murtagh:  company closed up 0.3 per cent at €21.86   on Iseq yesterday after stockbroker Davy issued an upbeat note. Photograph: Cyril Byrne

Kingspan rises after upbeat note from Davy predicting 30% increase in first-half profits

AA Ireland blamed an increased in administrative costs for the dip in its profit.

Revenue rose more than 6 per cent to €51.4 million in 12 months ended January 31st

European Union transport commissioner Violeta Bulc: letter from Peter DeFazio claimed the Irish-registered Norwegian Air International  actually based transatlantic crews in Bangkok. Photograph: Igor Kulpjenik/EPA

Peter DeFazio against Norwegian Air International bid to launch cheap flights to America from Republic

A new tower will be almost 90m high and include techology and instruments for guiding craft in and out of the Republic’s busiest airport

Facility needed to operate proposed new runway at Dublin Airport

Unite union prepares for work-to-rulein dispute over pay and conditions

Dublin Airport: Norwegian Air International employs 80 people at its base in  the airport. Photograph: Alan Betson

Unions claim airline is registered in Ireland to allow it to hire cheap labour

Bahrain International Airport is one of several locations where Aer Rianta International manages duty-free facilities. Photograph: iStock

First-half sales rose to $37m at airportretailer

The Construction Industry Federation is calling on the Government to increase spending on the construction of housing, roads, water treatment facilities and other services in next October’s budget.

Construction group calls on Government to increase spend on housing, roads and water

The High Court  ruled that the council’s decision to refuse Michael O’Flynn  permission to build 164 homes near Cabinteely, Co Dublin, was unlawful. Photograph: Brenda Fitzsimons/The Irish Times

Dún Laoghaire-Rathdown had refused developer permission to build 164 homes

The council had refused permission to O’Flynn Capital Partners (OFCP) for a €70 million development of 164 houses in Cabinteely. The judge set aside the local authority’s decision and ruled that the developer should be allowed to submit a fresh application. File photograph: Bloomberg

High Court says council misapplied terms of its own planning scheme for Cherrywood

AA is to sell its Irish operation  to Carlyle Group for €156.6 million

US investor Carlyle Group’s proposed €157m deal is approved by competition commission

CityJet said it condemns the proposed industrial action.  Photograph: iStock

Airline says just a minority of the pilots back industrial action

Flights to and from Dublin Airport grew 7.6 per cent to 20,154 in July from 18,732 during the same month last year.

Dublin Airport passenger numbers grew 13.4 per cent in six months to end of June

An Bord Pleanála granted planning permission for the new runway at Dublin Airport in 2007, subject to conditions limiting night flights at the airport to 65.

DAA formally seeks bids for the €320m project and hopes to award contract by April

Lambstongue is thought to be the only contractor in Ireland capable of restoring the Clerys windows. Photograph: Dara Mac Dónaill

Lambstongue would only work on Clerys redevelopment if owner met former workers

 Clerys workers Emily McDermott (35 years service) and her daughter Nathania (seven  years service)  at a demonstration in support of Clerys workers. Photograph: Eric Luke / The Irish Times

Lambstongue window restorer wanted Natrium to meet the 460 people who lost jobs

Norwegian Air wants to launch cheap flights between Europe and North America. Photograph: iStock

Union opposing Irish-based airline’s transatlantic plans funded congressman Peter DeFazio

Wind energy: one of the biggest beneficiaries from the rise in the Public Service Obligation. Photograph: EPA/JENS BUETTNER

Latest rise in the levy to support renewables is considered a ‘rate shock’ by some in industry

The Whitegate Oil refinery provides about 40 per cent of Ireland’s  petroleum needs, including petrol, diesel and kerosene

Canada’s Irving Oil agreed to buy Ireland’s only refinery from Phillips 66 in deal set to close next month

 Norwegian Air Shuttle plans to offer low-cost flights from Europe to the US, including routes from the Cork and Shannon. Photograph: Chris Ratcliffe/Bloomberg

Representative one of a group asked by Irish business to support the service in May

Canadian-owned Irving Oil is set to buy Ireland’s only oil refinery at Whitegate in Cork Harbour.

Buyer pledges to continue full operation at Whitegate and maintain existing workforce

Wind generators, including State-owned ESB, SSE Airtricity and Viridian, will share €269.7 million of the total that the CER will collect from electricity users. Photographer: Taylor Weidman/Bloomberg

Energy regulator to increase the public service obligation charge by €76m to €400m

Nollaig Fahy and Sam Lannin of

Small and medium-sized business finance specialist in partnership with Digicel

 Cork Airport said  97,000 more people travelled through there in the first half of the year than did during the same period in 2015.

New routes and extra capacity aid growth in the first six months

Nama has re-appointed receivers to 36 companies and borrowers to ease the sale of their loan. Photograph: Cyril Byrne / THE IRISH TIMES

Businesses include a number used by developer Bernard McNamara to buy properties in Dublin

After a poor outturn in Friday’s European stress tests AIB stressed on Monday morning that the EBA figures are based on a “ 2015 static balance sheet and does not reflect current or future improved financial performance”. (Photograph: Cyril Byrne/The Irish Times)

AIB and Bank of Ireland move to allay investor fears after critical report

The Commission for Energy Regulation plans to raise the public service obligation  levied on all electricity users in the Republic to support wind power. Photograph:  Cyril Byrne

Charge imposed on each home will rise to €6.02 a month from €5.01

Bjorn Kjos, chief executive of Norwegian Air Shuttle, parent company of Norwegian Air International which  has been attempting to  launch a transatlantic flights service from Ireland since 2014.

Dispute on planned low-cost transatlantic service based in Ireland moves to arbitration

AIB and Band of Ireland will issue formal statements to the stock markets to reassure investors in the wake of the stress-test report. Photograph: The Irish Times

EU-wide analysis questions capacity of Irish duo to absorb losses

The sale of the Gresham Hotel in Dublin is thought to have netted a considerable profit for Nama. Photograph: Aidan Crawley

Buyer is fast-growing business with 105 hotels and resorts in 19 states

The closure of Clerys was an inevitability, according to Deirdre Foley. Photographer: Dara Mac Donaill

Revenue Commissioners withhold tax certificates from 15,000 over unpaid LPT

O’Connell Street and a redeveloped roof top on Clerys

OCS Properties has applied to Dublin City Council for permission to convert store into a hotel, shops, offices and bars

Artist’s impression of the new rooftop development planned for Clerys on O’Connell Street.

OCS Properties wants to add rooftop level to former department store for bars and restaurants

Workers in Newry factory overwhelmingly back industrial action

The group said second quarter operating profit before exceptional items totalled €555 million, up from €530 million a year earlier. Aer Lingus contributed €68million towards the profit.

Profits Airline’s parent IAG rises 28% in first six months but group cuts growth

Property developer Paddy McKillen, who owns Clarendon Properties with its managing director, Tony Leonard.  Photograph: Yui Mok/PA Wire

Property developer joins with builder BAM to redevelop Horgan’s Quay

Actavo, owned by Denis O’Brien, will bid for Irish Water contracts said chief executive Sean Corkery. Photograph: David Sleator

Company’s profits grew last year by 25% to €18m

European Union transport commissioner Violeta Bulc: “We should carefully consider the implications that this long and protracted dispute could have, for example, in the Transatlantic Trade and Investment Partnership negotiations.” Photograph: Igor Kupljenik/EPA

Delay granting Norwegian’s licence may stall transatlantic trade talks, says Violeta Bulc

Irish-based Norwegian Air International originally intended launching the Boston service from the Irish airports in April.

Row between EU and US over Norwegian Air’s transatlantic plans set for arbitration

Garrett Kelleher: Invested $2.85m in 2006 to help Liberian group AJA to enforce a $66.5m judgment against US insurer Cigna Worldwide in return for a share of the lawsuit’s proceeds.

Chicago Spire backer Garrett Kelleher's legal bill for role in €60m claim

Jeremy Masding, group chief executive of Permanent TSB: the bank announced its first profit since 2007,  bringing its stock up 4.73 per cent to €2.168.  Photograph: Dara Mac Dónaill

Earnings boost European stocks; Apple shares rise as iPhone sales exceed expectations

A US Department of Homeland Security officer carries out a preclearance check at Shannon Airport: the airport handled 1.71 million passengers in 2015, up from 1.64 million the previous year. Photograph: Paulo Nunes dos Santos/The New York Times

Profits cut to €300,000 after payout over Irish Airlines Superannuation Scheme

 DAX  stock exchange in Frankfurt, Germany: Fashion brand Hermes, drinks-maker Campari and sportswear company Adidas all touched  record highs on Tuesday. Photograph: Reuters

Hibernia Reit down 1.01% after announcing developments and €1.6m State lease

Ryanair grew profits by 4 per cent to €256 million in the three months to the end of June, but has to cope with growing uncertainty in its biggest market, the UK, after the country’s electorate voted to leave the EU.

O’Leary warned Brexit has led to a “economic uncertainty in both the UK and EU”

Ryanair chief executive Michael O’Leary campaigned against a Brexit vote. The airline could cut back on flights between Ireland and London as it bids to combat the uncertainty after the  vote.

Airline could cut flights between Ireland and London as it bids to combat Brexit vote

Liquidator George Maloney of RSM with Dominic Walsh, chief executive of HSL, which has bought most of the assets of rival Eurosurgical. Photograph: Marc O'Sullivan

Hospital equipment supplier’s main creditor is Revenue, which issued €3m assessment

Hauliers on the M50. Photograph: Alan Betson

Shane Ross has cut the maximum load that hauliers can carry

 Independent TD Mick Wallace asked if Fianna Fáil had been ‘got to’ or had done a deal with the Government. Photograph: Eric Luke/The Irish Times

Minister for Finance, Michael Noonan, is due to get a report next week on Nama’s controversial €1.6bn loans sale

Passenger numbers have continued to grow at Dublin Airport where another milestone was passed recently when it handled more than 100,000 travellers in a single day

The DAA, regulator and the airlines could end up butting heads over regulation and charges at Dublin Airport

Oil and gas explorer Providence Resources confirmed that it has paid off its debt to US lender Melody Capital with the payment of $20 million cash and 9.94 million shares.

Oil explorer confirms repayment of Melody debt and discharge of Transocean liability

Profits at Irish aircraft lessor SMBC Aviation Capital grew 22 per cent to $530 million (€480 million) last year.

Irish company’s revenues pass $1 billion for the first time

European competition commissioner Margrethe Vestager: Truck makers’ cartel “involves a very large market and continued for a very long time”. Photograph: Francois Lenoir

European Commission fines Daimler, DAF, Iveco and Volvo/Renault over price fixing

SoftBank: agreed to buy ARM Holdings, causing European shares to surge. Photograph: Tomohiro Ohsumi/Bloomberg

Japan’s SoftBank Group’s $32 billion purchase of ARM boosts stocks across continent

Norwegian Air Shuttle chief executive Bjorn Kjos said  the new craft would fit with Norwegian’s expansion plans and future long-haul network. Photograph: Luke MacGregor/Bloomberg

Airline to use planes for transatlantic flights it hopes to launch from Cork and Shannon

HSL chief executive Dominic Walsh: said the Endosurgical acquisition would boost his company’s turnover to £18 million  a year from £10 million.

All Endosurgical staff to be kept on as firm transfers to its new owner as going concern

Ryanair:  among a number of airlines that experienced declines on Friday as a result of the attack in Nice, France. Photograph:  Eric Luke

Irish Continental Group bucks trend with advance, while Ryanair declines by 2.3 per cent

Brexit vote blamed as online travel agent calls in administrators

 Bridgewater Shopping Centre, Arklow, Co Wicklow: tenants include Dunnes Stores, Argos and River Island, with  a rental income of €2.9 million a year

Competition regulator clears €33.25m Bridgewater purchase by merchant bank

Eamonn Brennan, chief executive of the Irish Aviation Authority, pictured in the Air Traffic Control Tower at Dublin Airport. Photograph: Dara Mac Dónaill / The Irish Times

Staff from the authority guide 2,200 overflights between Europe and the US daily

Developer Michael O’Flynn: he and his brother John have taken legal action against Nama. Photograph:  Brenda Fitzsimons

Developers in action to discover what O’Flynn Construction details were leaked by Farrell

Ryanair chief executive Michael O’Leary: among the four businessmen who  lost €450 million between them. Photograph:   Stefan Rousseau/PA Wire

Michael O’Leary sees value of his 3.8 per cent stake in Ryanair fall €158m to €499m

Faithlegg House Hotel in Co Waterford, one of the hotels owned and managed by FBD Hotels & Resorts. Photograph: Bryan O’Brien

Hotels performed strongly in a recovering market last year, says company

Bord na Móna has agreed to extend the capacity at its landfill in Drehid, Co Kildare.

Semi-State body increased charge to €45 a tonne for its dump in Co Kildare

John Sisk & Sons said turnover rose €104 million in 2015 to €535 million while pretax profits increased 25 per cent to €13.7 million.

Turnover in greater Dublin to reach €350m, €300m in rest of country, company says

Duty free between EU member states ended in 1998. Image: iStock

Tax-free alcohol and perfumes could return to Republic-UK flights

IAG said  it no longer expects to generate an absolute operating profit increase similar to 2015. Photograph: PA

International Air Transport Association says weaker sterling may cut number of UK travellers

Refuse collectors in Lucan, west Dublin: the Republic is running out of landfill space required to dump about 600,000 tonnes of household waste a year. Photograph: Colin Keegan, Collins/Dublin

Reduced landfill and delays in incinerators have added to the State’s waste problem

Boylesports has 208 betting shops. Founder and owner John Boyle has said it remains committed to developing its retail business alongside its digital betting. Photograph: Cyril Byrne/The Irish Times

Rival Hacketts went into liquidation this week

“A strong manufacturing sector hinges on a robust infrastructure network”

Ibec director Aviné McNally says Ireland could thrive as world leader in quality manufacturing

An agreement has been reached with Paddy Power, who will honour any outstanding bets from Hacketts customers through their network of betting shops

Company’s 18 betting shops to close but bets to be honoured

UK shares ended higher with commodity stocks rebounding from early weakness, as the equities market continued to price in a greater likelihood of the country voting to stay in the EU. Photograph: Neil Hall/Reuters

Latest polls reveal campaign for Britain to remain in the EU has a one-point lead

Carrier close to decision on direct link to China from Irish capital

Panda Waste Service on Ballymount Road, Dublin. Photograph: Dara Mac Dónaill

Seven waste companies who are operating in Ireland

Irish-based builders’ merchant and DIY specialist Grafton inched up 0.38 per cent to 667.5 pence, bucking a trend that saw many construction-related stocks in London falling on Brexit fears. Photograph:  Matt Cardy/Getty Images

Shares in Dublin affected as investors weigh Brexit polls showing Leave side ahead

European Commission’s transport chief Henrik Hololei: “If the US today thinks it can cherry pick, then who knows if one day the EU wants to do the same thing?”

Norwegian is seeking a foreign airline permit from US authorities for Boston-Cork route

Ryanair stepped up its Shannon services considerably in April 2014 following the then government’s decision to axe the €3-a-head passenger tax. Photograph: Chris Radburn/PA Wire

Move follows reductions in other services including Shannon-Manchester route

 David Maguire, chairman of the Irish Solar Energy Association (ISEA) and ISEA member Peter Duff with Charlotte Maguire (age 7), from Dublin

New study shows huge potential for job creation from renewable energy

Bjorn Kjos, CEO Norwegian Air Shuttle: the airline is seeking a permit to fly from Ireland to the US but claims by unions and rival airlines that it is using the Republic as a flag of convenience to skirt labour protection have stalled its application

Allegations by unions and rival airlines have delayed bid to fly from Ireland to Shannon

Neil Pakey said that, along with the airport’s growth, the heritage business also expanded, winning the contract for this year’s 2016 centenary exhibition at the GPO in Dublin. Photograph: Arthur Ellis/Press 22.

Neil Pakey reveals group contributed extra €105m since DAA breakaway

Annette Hughes of DKM Economic Consultants said the State needed to “get out and build” rather than  acquiring homes to try a solve the shortage in social housing

Buying and renting homes risks squeezing private buyers out of market, says expert

Builders expect to complete 11,000 homes this year. Image: iStock

Industry expects strong growth this year

ACI’s figures cover 21 airports, including Dublin. Image: iStock

ACI claims increases of less than €3 a head and investment of €53bn

Ryanair said it grew its Irish traffic by 70% last year. Photograph: PA Wire

Growth comes as airline vies to become ‘Amazon of air travel’

Volkswagen: lost 1 per cent or more as a strengthening euro dragged on exporters. The World Bank late on Wednesday cut its outlook for global growth and said downside risks had become more pronounced since the start of the year. Photograph:  Suzanne Plunkett/Reuters

Stocks fall as World Bank cuts global economic growth predictions to 2.4 per cent

Former master of the Rotunda Sam Coulter-Smith:  a director of a company on Revenue’s list.  Photograph: Eric Luke

Company linked to Sam Coulter-Smith listed by Revenue

 Revenue Commissioners: developer and South Dublin Construction founder Michael Murphy  made a settlement of €2.4 million in tax, €2.8 million in interest and €1.4 million in penalties for a total of €7 million.

Settlement made for ‘underdeclaration of income tax, VAT, capital gains tax’

Cork Airport expects 2.25 million passengers to travel through there this year. The airport handled 207,701 passengers in May, 9.6 precent more than during the same month last year.

Passenger figures rose 9.6% to 207,701 in May

Crew on an Australian defence vessel search for the missing Malaysian Airlines flight: the new Alert system can pinpoint the location of craft even in remote areas. Photograph: Reuters

Aireon-developed system able to pinpoint craft’s locations in remote areas of oceans

Nama: It is understood the agency plans to sell the newly acquired site to the Department of Education, which intends to build a number of schools in the east Cork town

JPDC sold site in Cork in 2007 to John F Supple whose debts agency took over

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