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’

 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

Mark FitzGerald (left) with incoming CEO Steven McKenna

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

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

IDA Ireland chief executive Martin Shanahan said SAP’s investment in Ireland and “ongoing education initiatives” had “greatly enhanced Ireland’s technology ecosystem”. Photograph: Thomas Lohnes/Getty Images

Firm celebrating 20 years in Ireland, where it employs 1,880 staff in Dublin and Galway

Ulster Bank last year booked a provision of €11 million to cover costs associated with a review of how it treated SMEs following  the 2008 financial crash.

Bank had previously made €5m provision to cover estimated remediation costs

Irish Life chief executive David Harney said the company has seen increased investment across its pension, investment and savings plans. Photograph: Brenda Fitzsimons

Group contributed €54m in first-quarter earnings to Canadian parent

Ger Mitchell has been a member of the PTSB executive team since 2013, and led its return to lending.

New appointment on executive team since 2013

Gavin Kelly, Bank of Ireland director of distribution channels, said the bank reinvents branch space when counter activity declines. Photograph: Dara Mac Dónaill

New initiatives include business incubator areas, 24-hour lodgements and event space

David Hall: his goal is establishing an entity to buy distressed mortgage loans off the banks and vulture funds, with a view to allowing the families in arrears with their payments to remain in their homes. Photograph: Alan Betson

Champion of those in arrears faces a tricky path in buying distressed mortgage loans

The Minister for Finance Michael Noonan has indicated than an initial public offering of AIB shares could happen between mid May and early July. Photograph: Reuters/Clodagh Kilcoyne

Officials from the Department of Finance met more than 15 institutional investors in New York and London

David Duffy: AIB becoming a private bank again “is a necessary step to remain successful”. Photograph: Joanne O’Brien

David Duffy plans digital strategy to increase Clydesdale and Yorkshire market share

Fonté’s new  cafe has eight staff and offers healthy breakfast options and deli-fresh lunchtime sandwiches

Hot desk also available for €35 for a day including coffee, lunch, wifi and printing

The Mater Private Hospital in Dublin has informed Siptu that it has engaged an external consultant to review its catering arrangements.

Move raises fears of outsourcing among catering staff of 80 in Dublin hospital

Karl Brophy, former INM executive  and founder of Red Flag.

Company currently subject of high-profile legal action taken by Denis O’Brien

It is understood that David Hall, above, is being advised by accounting firm Grant Thornton and that it has had extensive engagement with the Minister for Housing Simon Coveney and his officials. Photograph: Alan Betson

Advocate David Hall believed to be leading group who will acquire non-performing loans

Bank of Ireland’s data shows the number of 15- to 19-year-old customers  using contactless payments increased 290 per cent year on year in February.

Dublin accounts for 43 per cent of volume of contactless payments

INM’s chief executive, Robert Pitt, had his annual bonus substantially cut last year, to €87,000 from €218,000 in 2015, the media group’s annual report reveals. Photograph: Bryan Meade

Media group reveals financial links between directors and company and Denis O’Brien

Bank of Ireland chief financial officer Andrew Keating and chief executive Richie Boucher at the bank’s EGM in Dublin on Friday. Photograph: Brenda Fitzsimons

Volume of new mortgage lending rose 30 per cent in first quarter of 2017, bank says

KBC Bank: from May 2nd, KBC will lower its two-year, three-year and five-year fixed mortgage rates for those with a loan-to-value ratio of between 80 and 90 per cent

Bank hopes to draw customers by increasing sum paid to mortgage switchers to €3,000

 Niall Gaffney (left), CEO, John Mulcahy, chairman,  and Pat McGinley, company secretary,  at the IPUT agm in Dublin

Property fund expects to pay out €100m a year in dividends over next decade

AIB chairman Richard Pym speaking at the  agm in the RDS Concert Hall, Dublin. Photograph: Dara Mac Dónaill

Day-to-day trading is gathering momentum but a number of legacy issues are unresolved

Richard Pym said AIB’s record on dealing with tracker mortgage redress was ‘another stain’. Photograph: Bryan O’Brien

Richard Pym said breaches came at time when bank had ‘eye off the ball’

AIB CEO Bernard Byrne addressing the AIB agm on Thursday.  Photograph: Dara Mac Donaill

Bank chief says four key elements are in place for a share offering

AIB flotation: Michael Noonan said the snap UK election would not derail plans to sell a 25 per cent stake. Photograph: Clodagh Kilcoyne/Reuters

Don’t use IPO proceeds to pay off public debt, whatever EU rules say

AIB said a “comprehensive risk mitigation programme” has been put in place to resolve all of the issues. Photograph: Cyril Byrne

Regulator: bank failed to ensure suspicious activity reported

Brian Hayes: “Putting money aside now makes sense.” Photograph: Dara Mac Dónaill

‘By 2060 there will be one pensioner for every two workers,’ MEP warns

David Wallace: played 203 times for Munster,  72 times for Ireland and earned three  Test caps with the British and Irish  Lions

Provincial stalwart David Wallace appointed business development manager for region

Ervia is the holding company for Gas Networks Ireland and Irish Water.

Payment from Irish Water’s holding company follows sale of Bord Gáis Energy

The application will involve the demolition of all of the existing buildings at the Dublin 2 location, which include a garage and the well-known Ned’s pub

Investment group Tetrarch lodges €65m planning application

Goldman Sachs bought ‘Project Cypress’ loans portfolio from AIB. Photograph: Bloomberg

Bank will write to the 1,200 borrowers informing them of loan sale next week

Fianna Fáil TD Dara Calleary. Photograph: Eric Luke

Caveat: Dara Colleary asks Michael Noonan to account for the cash

Cantor Fitzgerald  has agreed to maintain the RaboDirect  fee structure for 12 months. Photograph: Getty

Dutch bank exiting Irish investment market offers funds transfer to Cantor Fitzgerald

 Permanent TSB branch office. Photograph: Alan Betson

Bank seeks High Court approval to transfer €330m in preparation for 2019 payout

Minister for Finance Michael Noonan. Photograph: Dara Mac Dónaill

Noonan says up to 100 of former bank’s mortgage holders could be affected

Leslie Buckley, chairman INM: Its net debt of €426.8 million has been turned into a cash pile of almost €85 million. Photograph: David Sleator/The Irish Times

While its digital strategy has flip flopped and newspaper circulation has declined, in terms of its indebtedness, INM is unque(...)

The Central Bank of Ireland plans to introduce a number of measures to make it easier for borrowers to switch their mortgages to another lender to reduce the cost of their loans.

Due to complexity, just 4% of borrowers have moved home loans to new lender

Liam Hanly succeeds Conor Whelan and his priority is €7.5m investment plan to 2020

Denis O’Brien. Photograph: Reuters

Deal for Denis O’Brien’s mobile phone company worth up to $60m

The minutes of the Central Bank commission meeting also note that the sale of the bank’s former headquarters on Dame Street closed in January for €67 million

Other executives also getting rises due to unwinding of agreement on public sector pay

Workbench branch: “We’ve seen great ideas formed simply from guys sitting beside each other,” says Gavin Kelly of Bank of Ireland. Photograph: Dara Mac Dónaill

Move to digital enabling cost-conscious lenders try ‘workbench branches’

Philip Lane, governor of the Central Bank, at Leinster House. Photograph: Cyril Byrne

Loosening of mortgage rules may be a factor in price rises – but it’s far from the only one

 Richard Barrett: he and New York-based investment group Avenue Capital have launched a €200 million fund for commercial property. Photograph: Bryan O’Brien

Real Estate Loan Management (Relm) will lend between €1m and €25m over five years

Andrew Langford, former chief executive of FBD, received €16,300 a month for his work, which was termed in the report as “commercially sensitive”. Photograph: Dara Mac Dónaill

Irish insurer’s annual report shows current CEO Fiona Muldoon paid almost €900,000

Shane Lowry: said Bank of Ireland’s support in recent years had been “terrific” for him and he was “delighted” to extend the relationship.

Irish golfer prepares for US Masters with backing that will last until end of 2019

Governor of the Central Bank Philip Lane said it  would review house price data in November. Photograph: Eric Luke / The Irish Times

Central Bank head says lenders “failed their customers” by denying them tracker rates

Details of the Irish Nationwide accounts were disclosed in a parliamentary question reply from the Minister for Finance Michael Noonan. Photographer: Jasper Juinen/Bloomberg

Taxpayers could face bill for redress of up to 29,000 affected Irish Nationwide customers

US president Donald Trump: set to meet Chinese president Xi Jinping. Photograph: Stephen Crowley/The New York Times

CRH, Paddy Power Betfair, Kingspan and Smurfit Kappa all decline in Dublin trading

The Central Bank of Ireland has appointed Bernard Sheridan as acting deputy governor with responsibility for financial regulation with effect from April 8th.

He takes over from Frenchman Cyril Roux and will fill the role until the autumn

In Dublin, just 2,800 properties were advertised for sale in January, down 30 per cent year on year, according to analysis by Sherry FitzGerald. Photograph: iStock

Analysis finds investors exiting market and 47 per cent of buyers in 2016 used cash

This deal makes CityJet Bombardier’s largest European CRJ900 aircraft customer. Photograph: Getty Images

Deal valued at $467m brings number of CRJ900 aircraft in Irish airlines’s fleet to 22

The Lloyd’s building in London. The world’s specialist insurance market, has decided to plump for either Luxembourg or Brussels and not Dublin for its EU hub after Brexit. Photograph: Neil Hall/Reuters

Central Bank less willing to look for loopholes to attract financial firms to Dublin

Irish man John Hourican has had his contract as group chief executive of Bank of Cyprus extended until December 31st, 2018. Photograph: Misha Friedman/Bloomberg

Irish banker’s decision takes him out of running for job as Bank of Ireland CEO

The Central Bank said that it had received five applications for authorisation from insurance or reinsurance undertakings

Teams to handle authorisation queries from banking, insurance and investment firms

The Central Bank plans to split the EEA insurers into three categories, for the purposes of determining the size of each firm’s levy. Photograph: Matt Kavanagh

Move designed to defray costs of increased oversight of overseas insurers in Ireland

France’s minister for the economy, finance and industry Michel Sapin (left), with Michael Noonan, said it supported the Border issue being given priority status. Photograph: Cyril Byrne

French finance minister supports EU negotiation team giving Border issue priority status

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