Imtech headquarters in Gouda, the Netherlands. Photograph: Bas Czerwinski/AFP/Getty Images

Troubled Dutch engineer in talks about possible sale to investment fund Endless LLP

One51 chief executive Alan Walsh: the first half had been a solid six months for the group.

Group reports no further developments on Capvest bid

Shortly after a 2009 row over a €1m bonus, INBS confirmed it had put in place a €27.6m pension fund for Michael Fingleton, which he managed and had been transferred out of the financial institution in January 2007. Photograph: The Irish Times

In 2013 Commercial Court heard lender’s board delegated all its powers to Fingleton

The Paddy Power website. Paddy Power and Betfair Group plan to merge in a deal that creates the world’s biggest publicly-listed online gaming company. Photograph: Matthew Lloyd/Bloomberg

Proposed merger with rival Betfair means Paddy Power is on the cusp of becoming one of the biggest players in global gambling

A man watches electronic displays at a Paddy Power bookmakers in London. Paddy Power and Betfair have announced they have agreed the terms of a possible merger. Photograph: Matthew Lloyd/Bloomberg

Planned merger would create one of world’s biggest betting companies

Paddy Power chief executive Andy McCue said the group expects full-year reported operating profit to be a mid to high single digit percentage above 2014 and the consensus market forecast

News comes as Paddy Power reports 33% jump in operating profit

Kingspan chief executive Gene Murtagh: said the first half of 2015 had been a record trading period for the group. Photograph: Alan Betson

Insulation specialist expects further profit growth in second half

AIB shares fell 9.52 per cent to 7.6 cent. Photograph: Bryan O’Brien

Investors in European markets down about €450bn after worst losses in years

Kingspan chief executive Gene Murtagh said the first half of 2015 has been “a record period” for the company. Photo: Alan Betson/The Irish Times

Manufacturer reports ‘exceptionally strong’ start to year with trading profit up 69 per cent

Dermot Desmond: his vehicle is now the biggest shareholder in One51, with a stake approaching 20 per cent

Move comes in wake of Capvest bid to buy waste recycling business for €1.80 a share

Ryanair is joining force with IAG, Air France, KLM, Lufthansa and EasyJet to establish the new body

New aviation group formed to lobby EU on industry’s behalf

Financier Dermot Desmond, who owns a significent stake in One51, has reportexly told brokers he is willing to pay €1.95 for more shares in the group, although he is not considering a rival bid. Photograph: Cyril Byrne

More than €36m of shares sold for €1.85, a rate above suitor’s planned offer

Waterford airport. The regional airport, along with those of Donegal, Kerry and Knock, could get up to €42.5m in State handouts over the next four years

EU Commission’s decision allows State to fund Donegal, Kerry, Knock and Waterford airports under two schemes

Dermot O’Leary estimates exports will account for 1.6 percentage points of the total growth this year.  Photograph: Dara Mac Dónaill/The Irish Times

Chief economist says growth in Republic’s gross domestic product is accelerating past a peak reached last year

According to recent reports financier Dermot Desmond, who already owns more than 6 per cent of One51, has told brokers he is willing to pay €1.95 for more shares in the group, although he is not considering a rival offer

Trade above Capvest’s €1.80 per share offer may suggest higher bid is attainable

Kingspan was one of the day’s better performers, climbing 1.25 per cent to €23.01

Move on yuan overnight brings down shares in mining, cars and luxury goods

Avolon founder and chief executive Dómhnal Slattery, stands to make more than €32m on the deal if it goes through. Photograph: Matthew Lloyd/Bloomberg

Aircraft lessor opens exclusive talks with Chinese suitor Bohai after $31-a-share bid

Ray Conner, president and chief executive officer of Boeing Commercial Airplanes (left)   during a news conference with Domhnal Slattery, chief executive officer of Avolon . Photographer: Matthew Lloyd/Bloomberg

Negotiations between the pair to run until September 7th

Somewhat slower – but still solid – growth was recorded in both housing and commercial activity.

Housing and commercial sectors continued to grow, says Ulster Bank report

The move means the charge imposed on each household in the State will fall by 35 cent a month to €5.01, a saving of 70 cent on bi-monthly bills.

Minimal cut in charge likely to reignite row over high energy costs

Alan Walsh, chairman of  One51. While the company is a plc, its shares are traded on a grey market rather than listed on any stock exchange.Photograph:Dave Meehan/The Irish Times

Capvest lines up bank funding of €280m for deal

Stephen Wheeler, managing director of SSE Airtricity. “Our model can’t just be about selling electricity, it’s actually providing an essential service to our customers.” Photograph: Cyril Byrne

Joining forces with State forestry company Coillte, SSE Airtricity says €240m will be invested in Galway development

Nama: says controversy over payment is peripheral to the agency and only really concerns the relationship between the advisers who worked for Cerberus. Photograph: Cyril Byrne

Analysis: Brown Rudnick helped Pimco and Cerberus in Project Eagle bids

 Nama chairman Frank Daly and CEO Brendan McDonagh arriving at the Public Accounts Committee in Leinster House, Dublin. Photograph: Dara Mac Dónaill/The Irish Times

Pimco approached agency before Cushnahan’s resignation

Nama chairman Frank Daly (left) and chief executive Brendan McDonagh  yesterday. Photograph: Dara Mac Dónaill

US fund manager did not want to exit sale, Nama chairman Frank Daly tells committee

Nama chairman Frank Daly and Brendan McDonagh, former director at the National Treasury Management Agency arriving for the Oireachtas Banking Inquiry. Photograph: Gareth Chaney Collins

PAC investigates claims almost €10m in offshore account was intended for politician

Nama chairman Frank Daly who told the Public Accounts Committee any money based in an offshore account did not come from Nama.

Nama says ‘no undue political influence’ in Project Eagle sale

Nama sold €5.6 billion worth of loans against northern Irish properties to Cerberus for €1.7 billion in June 2014. The US fund hired US lawyers Brown and Rudnick, along with  Northern Irish firm Tughans, as advisers. File photograph: Cyril Byrne/The Irish Times

Agency ‘very confident . . . we achieved the maximum value for the Irish taxpayer’

Independent TD Mick Wallace. He claims that £7 million found in an Isle of Man bank account during an audit of Belfast law firm Tughans, which advised Cerberus, was destined for a senior Northern Ireland politician

Investment firm disputes explanation for its withdrawal from bid

Tourists on a jaunting car through Killarney National Park: Ireland is the seventh most recalled holiday destination by British people. Photograph: Sally MacMonagle

Tourist Confederation cites 40% drop in marketing in seven years, despite increased competition

Marie Hunt, CBRE head of research: said   16 office schemes were under construction in Dubin at the moment,  opening the opportunity for pre-letting space.

126 offices leased in capital in first six months of year, 26% more than in first half of 2014

Bray Wanderers lost its second manager this year when Trevor Croly announced at the weekend that he was leaving the club. File photograph: Cathal Noonan/Inpho

Shareholders fear plans to move from home ground and redevelop Carlisle

Eircode has two elements: a three-figure ‘route key’ number and a random, four-digit mix of letters and numbers that pinpoints the address.

‘Non-unique’ addresses render other systems inappropriate, says Liam Duggan

PAC chairman John McGuinness. Photograph: David Sleator

TD’s claims of €10m intended for figures linked with Nama sale to be investigated

Ryanair chief executive Michael O’Leary attends a new conference in Copenhagen.

Airline to move its one Copenhagen-based aircraft to Lithuania in protest at ruling

While there is no direct right of appeal from the Danish labour court, Ryanair has lodged its own claim against the unions. Photograph: Alan Betson

Ruling allows industrial action against the Irish airline at Copenhagen airport

Denmark’s labour court has ruled that the country’s trade unions can take industrial action against Irish airline, Ryanair.

Unions are objecting to the fact that crew on Ryanair aircraft are employed under Irish law

Postal code system: Gary Delaney of Loc8 warned the Global Address Data Association effectively identifies Eircode as a disaster that will make the Republic a laughing stock. He argued Eircode has no value for ordinary citizens as it will not be possible for them to use it to identity localities.  Photograph: Peter Thursfield

New post code system fails to meet basic requirements, industry expert says

Bookmaker Ladbrokes Ireland’s parent’s rescue plan for the troubled business has trumped alternatives proposed by rival Boylesports and others.

Proposal trumps rival offer from Boylesports

Ryanair: says  no evidence to support claims that its employment practices are bogus or atypical and describes statements by various individuals as misleading or unfounded. Photograph: Alan Betson/The Irish Times

European Parliament committee hearing told of complaints about employment terms

The share sale will dilute Denis O’Brien’s holding in Digicel, but the flotation document indicates that he will keep control of the business. Photograph: Dara Mac Dónaill

Denis O’Brien received $1.1bn in dividends from mobile phone business over three years

Denis O’Brien: he founded Digicel  in Jamaica in 2001, the company has grown across the Caribbean, central America and the south Pacific. Photograph; Dara Mac Dónaill

Tougher competition and technology changes pose threat to business

Digicel Chairman Denis O’Brien

Company has just filed documents with US markets regulator

Fans at a Bray Wanderers match in the Carlisle Grounds, The offer is likely to feed speculation that the grounds could be in line for development.

O’Connor writes to shareholders offering to buy them out

IAG last week formally announced its offer for Aer Lingus, valuing the airline at €1.4 billion

Commission’s competition directorate extends deadline on its current inquiry

Trading up: The Gulfstream G650ER has a list price of €60 million and a range of about 11,800km

Businessman understood to have ordered aircraft with €60m list price

Paddy Doherty has been chief executive of Dublin Bus for five years and has spent four decades in total with the company

HR manager Ray Coyne to takeover in lead role

EU Commission raises concerns over IAG  €1.4 billion  bid for Aer Lingus.

Issues over landing rights and transatlantic routes could delay IAG deal

The group, controlled by Irish businessman Paul Coulson, said in April it was considering floating the division. Photograph: Frank Miller

Group aims to raise €2 billion in equity and debt

Minister for Enterprise Richard Bruton: said the EU had yet to publish its proposals. Photograph : Matt Kavanagh/The Irish Times

Some groups are concerned that deal could provide for investor-state dispute settlement

The loss-making Ladbrokes Ireland plans to close 60 of its 196 betting shops and cut 250 of its 840 jobs under a rescue plan. Photograph: Cyril Byrne

Lack of information putting chain at disadvantage, court told

Tattersalls chairman and chief executive Edmond Mahony is optimistic that this year’s Derby Sale will beat the €14.7 million turnover of 2014 Tattersalls chairman and chief executive Edmond Mahony is optimistic that this year’s Derby Sale will beat the €14.7 million turnover of 2014

Edmond Mahony is looking forward to a bumper crop at this year’s Derby Sale

Preliminary bids for the South Korean Tongyang Cement & Energy group are expected today and reports have suggested that CRH will  be among the suitors

Rumours of CRH bid for South Korean energy group see shares rise 2.9%

Ryanair chief executive Michael O’Leary. Ryanair is preparing for a second, long drawn out legal battle with the UK Competition and Markets Authority

UK regulator says Ryanair must reduce 29.8% stake in Aer Lingus to 5%

In April 2012, the Central Bank suspended Marketspread’s licence for three weeks, citing concerns over audit and capital adequacy

SFS Markets sold business to Monecor Ltd, which trades as ETX, in July 2014

Setanta has 15 other such cases pending against pubs that have been screening sports events for which it has the broadcast rights without a commercial contract. Photograph: Eric Luke

Court awards broadcaster almost €7,000 for loss of royalties against Tipperary pub

Three divisions of the construction and engineering group joined forces to make the bid

Simon Barry of Ulster Bank: “Activity rose sharply again last month with the headline PMI index accelerating from 57.2 to 63.3”

Bank’s construction index hit 63.3 in May, the highest growth since November

Taoiseach Enda Kenny after announcing the building of the power station in Killala, Co Mayo, with  Gerald  Crotty of Mayo Renewable Power. Photograph: Maxwells

Construction of €180 million electricity generating facility will create 350 jobs

Openjaw’s Kieron Branagan said his company’s technology will allow the group to boost sales of ancillary products, such as hotel rooms. Photograph: Shane O’Neill/Fennells

Openjaw has recently signed up Hong Kong flag carrier Cathay Pacific and Hainan Airlines as customers for its technology

The North’s Minister for Employment and Learning, Dr Stephen Farry:  “Employers will be central to the success of our new apprenticeship system.”

Part of employment and training scheme with employers and colleges in the North

Under a rescue plan being prepared, Ladbrokes Ireland plans to close 60 of its 196 betting shops and cut 250 of its 850 jobs. Photograph: Cyril Byrne

UK firm may have expressed interest since Ladbrokes went into examinership

Irish Rail received €117 million in public-service payments in 2014. Photograph: Aidan Crawley

Group running Bus Éireann, Dublin Bus and Irish Rail earned €9.8m surplus

In London, Royal Mail fell 4.9 per cent after chancellor of the exchequer George Osborne said the state would sell its 30 per cent stake in the postal operator. Photograph: Leon Neal/AFP/Getty Images

US stocks fall amid mixed data showing employment rising but productivity dipping

Boylesports chief financial officer Michael Bent says the lack of information and tight deadline imposed for the final offer do not prejudice Ladbrokes UK, which he says is bidding against his company. Photograph: Joe O’Shaughnessy

Court due to hear Boylesports’s full challenge to Ladbrokes Ireland’s examinership

Boylesports signalled early in the examinership process that it was interested in bidding for the entire Ladbrokes chain in the Republic

Bookmaker launched bid for troubled rival last month

Fitzwilliam said that it would continue to develop both Arnotts itself and the surrounding properties as market conditions improve.

Fitzwilliam Finance Partners to acquire US group Apollo’s 50% stake

British Airways and Aer Lingus jets pass each other at Dublin airport. Photograph: Niall Carson/PA Wire

To bag Aer Lingus, IAG boss Willie Walsh manoeuvred through the many competing demands of Irish stakeholders

O’Leary meeting investors in Europe and US who are believed to favour a sale

IAG chief Willie Walsh stressed he was confident that Ryanair would seriously consider his group’s deal. Photograph: Dara Mac Dónaill

UK’s competition regulator expected to allow sale of Aer Lingus stake to IAG

International Consolidated Airlines’ Group (IAG) chief executive, Willie Walsh: There is an “expectation that the Ryanair board will give our offer due consideration”.

Airline’s 29.8 per cent gives it key to deal

Willie Walsh, CEO of IAG: The group also said the Aer Lingus service from Knock Airport to Gatwick would be maintained. Photograph: Aidan Crawley/Bloomberg

Group’s bid includes pledges on Heathrow links and boosting State’s three airports

 Aer Lingus: It is not clear yet whether the deal will mean lower fares for consumers.  Photograph: Peter  Muhly/AFP/Getty Images

The potential impact of takeover by IAG on consumers remains unclear

Despite late assurances by Aer Lingus that it did not envisage compulsory redundancies or outsourcing, the company’s two main unions will opose the deal. Photograph: The Irish Times

National carrier unions, Impact and Siptu, to oppose IAG offer despite assurances on jobs

Ryanair has launched three unsuccessful bids to take over its smaller rival during the last nine years.   Photograph: Andrew Yates/Reuters

Shareholder is locked in legal battle with UK competition regulator

Ryanair’s chief marketing officer Kenny Jacobs and chief commercial officer David O’Brien announce the airline’s end-of-year results.Photograph: Cyril Byrne/THE IRISH TIMES

Airline makes €867m in 2014 and carries more than 90m passengers

Etihad has said it will accept offer

Biggest shareholder Ryanair will weigh offer on its merits

Aer Lingus bid hinges on the airline’s Heathrow slots

Cabinet to discuss possible sale

Willie Walsh, CEO of IAG, which is on the cusp of finalising its bid for Aer Lingus

Group is led by former Aer Lingus chief executive Willie Walsh

 Ken Fennell of Deloitte: the privately owned Boylesports has approached Mr Fennell and is in talks with him regarding an alternative plan

Irish bookmaker has approached examiner with alternative plan for loss-making chain

The High Court heard that Irish law only permits third-party funding of a court case where there is some form of connection between the litigant and whoever is putting up the money

Persona and Sigma Wireless, with third-party funding, suing State and Denis O’Brien

IAG chief executive Willie Walsh

Government decision is still thought to be weeks away

Ormonde chairman Mike Donoghue  welcomed the result. “We can now move forward with a comprehensive funding package into the development of Barruecopardo as an important tungsten mining operation,” he said.

Barruecopardo tungsten mine to be transferred to new joint venture

The Cabinet is likely to wait until after Friday’s referendums and the Carlow- Kilkenny byelection before deciding on a sale of the State’s Aer Lingus shares but sources say  it could take several weeks before the Government makes its views known. Photograph: Alan Betson

IAG willing to pay €1.36bn if the State and Ryanair agree to sell their respective stakes

Cityjet said on Monday that it is cutting the two services from June 30th after Cardiff Airport’s authorities decided to support another airline to fly the routes in direct competition with the Dublin-based carrier.

Irish airline says authorities favour one airline over others

PwC tax partner  Ronan Mac Nioclais has suggested local authorities have granted fewer planning permissions so far in 2015 than during third quarter of 2014

More than 60% of firms report finding it difficult to find backing

 Commission chairwoman Isolde Goggin: searches are part of an ongoing investigation that is expected to take some time. Photograph: Eric Luke/The Irish Times

Inquiry focuses on charge of abusing a dominant position

Galway-based Ward & Burke has operations in the Republic, Canada and Britain and specialises in sanitary and water services, for which it designs and builds treatment plants, tunnelling and pipelines. Photograph: David Sleator/The Irish Times

Galway-based firm sees sales rise 37% thanks to growth in Canadian and British businesses

Deloitte’s Ken Fennell was appointed examiner by the High Court for the Ladbrokes restructuring.

Firm is seeking to surrender about one-third of its leases in Republic

A Ladbrokes spokesman said the process is about building “a sustainable business in Ireland and protecting jobs”.

Group wants to close up to 60 of its 196 betting shops

Paddy Power said strong top-line growth offsetunfavourable sports results

Listed bookie said revenue growth helped offset margin pressures at start of year

Ormonde Mining chairman Mike Donoghue managing director   Kerr Anderson said the board does not believe  the Almonty proposal is credible.

Ormonde Mining resisting overture

Ormonde’s tungsten mine at Barruecopardo, near Salamanca, in western Spain.

Board claims Canadian group undervaluing company

Walls Construction completed €50 million worth of private hospital work for the Mater and Blackrock in Dublin

Walls Construction spun out from holding company and on track for €100m turnover

More than 550,000 equities in building materials giant CRH changed hands in Dublin

Shares in London slide as rally on back of Conservative victory peters out

Colm Barrington, Fly Leasing’s  chief executive, described the results as strong. He noted that the airline industry is growing.

Revenues in first three months grew 34%

Ardagh was vying with a number of private equity giants to buy St Gobain’s European glass-making unit, Verallia

Analysts say indebted group shows evidence of more financial discipline

Aer Lingus: the airline  cut the number of seats available on all its services by 6.6 per cent in April, which a spokesman said was one of the traditionally slower months for travel and was designed to preserve profitability. Photograph: Paul Faith/AFP/Getty Images

Fall occurred in short-haul services while transatlantic rose

Albert Manifold, chief executive of CRH, at the company’s agm in Dún Laoghaire, Co Dublin. Photograph: Jason Clarke

CRH chief executive hopeful Holcim shareholders will vote to merge with rival Lafarge

Mr Mueller took over as chief executive of south-east Asian carrier, Malaysia Airlines, last week Photograph: Bloomberg

Former Aer Lingus chief executive has left two State boards in recent days

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