Chief executive Aidan Heavey has said Tullow Oil needs to be able to cope with oil prices of $50 a barrell “long-term”. Photograph: Cyril Byrne

Highly paid members of exploration team among ‘about 46’ staff due to depart

Kildare Village is adding  36 new outlets and two restaurants, bringing the total of designer shops to 100

Andrew Marshall has replaced Maria McGovern as the most senior executive at the centre

Twitter has told all of its non-US users, who make up 77 per cent of all accounts, that from May 18th its services will be provided by Twitter International Company, the entity behind its Dublin operations.  Photograph: Reuters

DPC says it plans to hold talks with Twitter over implications of move

From left: John Rockett, Zamano chairman, Michael Connolly, chief financial officer and Ross Conlon, chief executive, at the firm’s most recent agm Photograph: Aidan Crawley/The Irish Times

Company’s technology will be used as a conduit by e-commerce providers

Sam Roch-Perks’s company plans to develop wave energy farm off Cornwall coast

Kieran Wallace of KPMG: surely Wallace wasn’t having a blue with Michael McAteer of Grant Thornton, the Quinn Insurance administrator and the only accountant in the country who could rival Wallace for high profile insolvency appointments? Photograph: Brenda Fitzsimons

Case has nothing to do with Grant Thornton’s Michael McAteer

Connecticut governer Dan Malloy is encouraging Aer Lingus with a $5 million loss guarantee if the airline opens a transatlantic route to the state. Photograph: Spencer Platt/Getty Images

Dan Malloy is trying to get airline to open a direct route to Hartford’s Bradley airport

Janet Yellen, chairperson of the US Federal Reserve. Photographer: Andrew Harrer/Bloomberg

Davy refers to a ‘fat lady’, but surely they weren’t talking about anyone in particular

NCI chairman Denis O’Brien: directors’ report warns of reduction in cash from the Higher Education Authority’s Springboard programme. Photograph: Dara Mac Dónaill

Report reveals 70 per cent of income at National College of Ireland is from private fees

Michael Smurfit Graduate Business School’s MBA Rugby World Cup team finished just behind Harvard’s A team.

MBA Rugby World Cup team from UCD business school finish a creditable fourth

ECB chief Mario Draghi said quantitative easing will continue until there’s sustained improvement in inflation. Photograph: Thierry Charlier/AFP/Getty Images

Mario Draghi’s plans to continue quantitative easing boosts markets

Tony Smurfit, Smurfit Kappa’s chief operating officer, linked the acquisition to its ‘Open the Future’ global brand campaign: “[Inspirepac has] built excellent businesses in many product and customer sectors which will ... support our continued drive to ‘Open the Future’ within the UK packaging market.”

Company remains silent on rumours of possible US bid as it announces new deal

The  Avoca shop and cafe on Suffolk Street in Dublin 2. Photograph: Cyril Byrne

Family owned business in talks with ‘a lot of people’ according to Simon Pratt

An AIB spokeswoman said “in all cases the bank seeks a non-legal resolution and implementation of a consensual debt restructuring with borrowers”. Photograph: Bryan O’Brien

AIB most aggressive bank in State when moving against debtors

Glenn Murray celebrates after scoring the first goal for Crystal Palace as Manchester City’s Joe Hart appeals for offside recently. Photograph: Reuters / Suzanne Plunkett

Ryanair’s Michael O’Leary must be having kittens over his beloved Manchester City

Kerry Group CEO Stan McCarthy:  down for a chunky €3.28 million.  Photograph: Niall Carson/PA Wire

Kerry Group’s annual report lists the pay of its executives

 Paul McGinley: McGinley Foundation made donations and gifts of £230,000.   Photograph: Lynne Cameron/PA Wire.

Paul McGinley Foundation donates £230,000 to good causes

The Savoy: owned by Dublin Cinema Group

Dublin Cinema Group made a profit of almost €1 million last year

Canada House: set a new benchmark rent for Dublin city centre of €60 per sq ft

Any of Goodbody’s clients could have told it that LXV is really the Latin for 65

The company has combined its three separate businesses in England and Wales into a single division, C&C Brands. Photograph: Bryan O’Brien/The Irish Times

Streamlined operation designed to free up cash to invest in brands such as Magners

John Teeling was issued with 9.7 million new shares to bring his stake to more than 15 per cent. Photograph: Dave Meehan/The Irish Times

Company recently raised nearly £300,000 from shareholders

Kellogg’s has been criticised recently in Britain over allegations it effectively paid no corporation tax there in 2013

Cereal giant warns investors that corporate tax avoidance measures could hit finances

NTR chief executive Rosheen McGuckian said the company had “done extremely well out of this transaction”. Photograph: Frank Miller/The Irish Times

Company working on strategy which is likely to see cash returned to shareholders

LetterOne Technology founder Mikhail Fridman, whom Forbes says is Russia’s second-richest man, with a $15 billion fortune. Photograph: Konstantin Zavrazhin/Getty Images

Fund founded by Mikhail Fridman to invest resources in European telecoms market

Heineken sent out crates of their new cider during the week. They didn’t reveal the brand but the fox on the box suggests it will be Orchard Thieves. Photograph: Brenda Fitzsimons

Orchard Thieves to enter Irish cider market against the Bulmers/Magners maker

 Investec’s  Conor McCarthy has already raised about €15,500 for the Peter McVerry Trust, Temple Street children’s hospital and the Marymount hospice in Cork. Photograph: Jason Clarke.

Finance director has signed up for the Marathon des Sables in the Sahara

 Accountant Alan Hynes arriving at a hearing of the Chartered Accountants Regulatory Board. Photograph: Eric Luke

Company owned by family members of disgraced accountant has applied for planning permission to retain a hot tub

Backslapping is in vogue once more in the construction industry. Photograph: Reuters

The deadline for entries for the Irish Construction Industry awards is in two weeks

Owen Killian: CEO Aryzta. Photograph: Cyril Byrne / The Irish Times

Reporters desended upon Aryzta’s factory in Hazle Township after one of its dough machines spat out ‘suspected heroin packet’

In Henry Street picketers were joined by former Dunnes strikers Mary Manning, Liz Deasy and Sandra Griffin, who in 1984 refused to handle South African fruit in protest at the apartheid regime. Photograph: The Irish Times

Trade Unions: Strike biggest private sector industrial relations dispute in two decades

Margaret Heffernan: accused of having a tempestuous management style. Photograph: Pat Langan

When it comes to conflict, Dunnes Stores seems sets on trying to beat them all

Currys and PC World: the electronics stores blamed heavy competition for a recent  1 per cent dip in the group’s Irish sales. Photograph: Rui Vieira/PA Wire

Irish losses for 2014 widened by €1m to about €3.6m

Bulmers cider maker C&C suffers from a poor distribution network and heavy competition in England and Wales. Photograph: Bryan O’Brien

Heineken investing €20m in new cider to compete with Bulmers in Ireland

Digicel chairman Denis O’Brien. He has lobbied regional regulators strongly over the takeover, which he says should only go ahead after a major sell-off of overlapping assets

Takeover will create major competitor for Denis O’Brien’s Digicel as it attempts to build its fixed-line business

Minister for Enterprise Richard Bruton: received representations by pharma lobbyists complaining about pricing policy.  Photograph: Eric Luke

Government said ‘no evidence’ for claim but IPHA lobbyists say number based on research

Arnotts is trading well,  with operating profit of  €12.5 million for the year to the end of January 2014. Photograph: Alan Betson

Talks ongoing between the department store’s shareholders on its future ownership

Dutch finance minister and president of eurogroup Jeroen Dijsselbloem: told the Dutch parliament NS will “phase out” its use of Dublin company NS Financial Services Company. Photograph: Olivier Hoslet/EPA

Railway company avoided more than €270 million in taxes in the Netherlands

Bank of Ireland gained 1.35 per cent to close the day at 37.5 cents. Its chief executive, Richie Boucher, said the bank would in future look to grow in the UK through bolt-on acquisitions, though he indicated there were no immediate plans. Photograph: Aidan Crawley

Bank of Ireland chief Richie Boucher says it will resume dividends and look to grow in UK

Minister for Finance Michael Noonan: said ‘an unsuccessful bidder’ for Siteserv had complained to his department about the 2012 sale process for the business. Photograph: Aidan Crawley

Unsuccessful bidder met Department of Finance officials following complaint

It seems that Musgrave, the owner of SuperValu, has stepped in to smooth the way for HCJV

Group buys about €80 million of HCJV property loans owed to IBRC

Phil J Clarke: ‘I’m retiring, so I’m looking forward to a change of pace.

Retirement offers opportunity to remould Irish management team

Irish Wind Energy Association chief executive Kenneth Matthews speaking atthe association’s annual conference. Photograph: Patrick Bolger

Reducing emissions in agriculture not an easy task, says UCC lecturer

John Teeling: veteran investor. Photograph: Dave Meehan

John Teeling was always a mentor of sorts to his neighbour Colm Lyon

CHQ Building in the IFSC. Photograph: David Sleator

Project targets 400,000 visitors a year which would make it the sixth most popular paid tourist attraction in Ireland

Phil J Clarke has bowed out less than two years into his tenure. He joins a slew of senior executives who have left Tesco in recent months.

Supermarket chief Phil J Clarke bows out after just two years in Ireland

Philip J Clarke, who was appointed chief executive of Tesco Ireland less than two years ago, is leaving the role. (Photograph: Dara Mac Dónaill/The Irish Times)

Philip J Clarke will be replaced by managing director of Tesco’s London business

ESB’s chief executive Pat O’Doherty saidthat the results reflect “a solid performance across the group’. (Photograph: Alan Betson / The Irish Times)

Company welcomes ‘solid performance’ in challenging year as operating profits dip 20%

Microsoft  and Google likely to be among the candidates scouting locations. Photograph: David Paul Morris/Bloomberg

Other multinationals with operations here will follow Apple’s lead, says IWEA

The High Court was informed last week that the case had been settled and it was struck out by Mr Justice Raymond Fullam

When spread-betting company went bust there was a black hole in its client funds of at least £13m

For CRH the acquisition will catapult it into third spot in the global rankings of building materials groups

CRH executives to meet managers from cement giants who are selling businesses worldwide as a result of €40bn merger

GreekPrime Minister Alexis Tsipras: lambasted Declan Costello for writing a letter to the Greeks in which he appeared to put pressure on the country to stall a parliamentary vote on a suite of anti-poverty measures.  Photograph: EPA/Stephanie Lecocq

Prime minister Alex Tsipras says ‘some technocrats are trying to scare us with ultimatums’

 Paddy Power chief executive Andy McCue has moved to acquire the independent bookmakers owned by publican James Reilly. Photograph: Dara Mac Dónaill

Bookmaker plans to buy The Track outlets in Donabate and Swords

Businessman had plenty to occupy his mind as he watched Manchester United beat Spurs

Six Nations rugby: More than 120 executives from the property investment and development world must guess the scores of Six Nations matches as part of the Armchair Pundit rugby score prediction game being run by the property group HWBC. Photograph: INPHO/Cathal Noonan

More than 120 executives from property sector vie to tip championship winner

 Café en Seine: The Irish Brokers Association  held its annual awards shindig last night in the Mansion House with an after party in Café en Seine

If the IBA is the Judean People’s Front, then PIBA is the People’s Front of Judea

Potential PR problems ahead for banks that have another, more expensive guarantee

´The Lisheen zinc and lead mine in Thurles, Co Tipperary. The Irish mining industry is centred around zinc production. Photograph: Alan Betson

Ireland performs relatively poorly when it comes to certainty of rules surrounding environmental protection

Building materials group is trying to acquire assets owned by its industry rivals Holcim and Lafarge

Bruno Lafont, chief executive  of Lafarge: his firm and Holcim are closer to resolving their differences over the role that he would have in the enlarged, merged  group.  Photograph: Kosuke Okahara/Bloomberg

Assets purchase depends on outcome of discussions between Holcim and Lafarge

 The InterContinental hotel in Ballsbridge, Dublin, which has been bought by a consortium backed by US television magnate John Malone. File photograph: Alan Betson/The Irish Times

Five-star Ballsbridge property had been on the market for an estimated €50 million

CRH will receive a break fee of more than €157 million if Swiss company Holcim and its French peer Lafarge fail to complete the merger they agreed last summer

CRH shareholders’ meeting will go ahead on Thursday to ratify purchase of assets

The new group of investors i includes the chain’s management and private investors such as Emmet O’Neill, a nephew of Denis O’Brien. Photograph: Cyril Byrne

Consortium led by Brentwood Investments buys chain

Kevin Foley of the Labour Relations Commission is charing the ESB Industrial Council meeting that will assess the case. Photograph: Eric Luke

Staff want annual rise of 3.5% for three years, backdated a year

Paddy McKillen is a shareholder in the group which includes Claridge’s, the Connaught and the Berkley in London. Photograph: Yui Mok/PA Wire

Shareholders include McKillen, Quinlan and Barclay brothers

L&R, which owns the Intercontinental hotel, formerly the Four Seasons, in Dublin’s Ballsbridge, was recently brought on board by Mr Smyth to fund his bid. Photograph: Nick Bradshaw

London & Regional replace Galen Weston as backers of Noel Smyth

Brown Thomas: could find itself with an even more direct rival on its hands across the Liffey. Photograph: Eric Luke

Both Fitzwilliam Finance and Apollo Investment want to gain control of Dublin department store

 Elena Baturina: Russia’s richest woman. Photograph:   Gareth Chaney Collins

Patrick Joyce to lead team operating Dublin hotel for Elena Baturina

None too delighted: Minister for Finance Michael Noonan. Photograph: Alan Betson / The Irish Times

. . . but not for long

Anthony Ujah yanking on the horns of Hennes, team mascot of FC Koln, which is sponsored by  supermarket chain Rewe

Bullish Dublin investment fund buys German retail development for nearly €19m

Gavin Stark: bullish mood

Gavin Slark presents stellar results at building materials supplier

A Tullow well in  the Lake Albert Rift Basin, in Uganda. The company is in the midst of a $500 million cost-cutting drive after the price of oil halved since last summer

Company begins 30-day redundancy consulation with 140 employees in capital

Portfolio includes more than 400 towers used by mobile and broadband operators

Minister for Finance Michael Noonan has told Independent TD Catherine Murphy he ordered a departmental review into Denis O’Brien’s €45 million purchase in 2012 of Siteserv from IBRC. Photograph: Bloomberg

Minister says ‘concerns’ raised about quality of decisions in transaction

A Coillte plantation near  Horse & Jockey in Tipperary. It has hired a former advisor to the Minister for Agriculture as its new chief executive.

Company without chief executive since 2013

Wind energy: In Ireland, windfarms are currently heavily subsidised. Photograph: David Ramos/Getty Images

The semi-State peat harvester intends to reinvent itself as a renewable energy provider

Minister for Finance, Michael Noonan. Photograph: Dara Mac Donaill / The Irish Times

Our Hellenic cousins can’t catch a break from Ireland’s political leaders

 Neville Isdell: former CEO of Coca Cola.  Photograph: Eric Luke

Neville Isdell missed Ireland’s while en route to funeral of former colleague Don Keough

Premium branding? Ukip’s Nigel Farage takes part in a Paddy Power campaign during the Ryder Cup

Bookmaker announces record profits but still can’t make up its mind to get serious

Alan Murphy: earned his corn as one of the country’s top property lawyers during the glory years

Another period of growth is expected at the company that added 80 staff last year

Nerijus Numavicius: very careful these days regarding issues surrounding planning and construction

Council found redevelopment in breach of a planning condition

Robert Finnegan:  discovered his inner rock star. Photograph: David Sleator/The Irish Times
Finnegan’s awake

Robert Finnegan took to the stage in front of a racuous, well lubricated crowd

IBRC Assurance, the insurance arm of the former Anglo Irish Bank, is said to have a portfolio of about 40 European properties, worth about €1 billion. Photograph: Matt Kavanagh

Retail outlet in Antwerp along with two office properties in Brussels disposed off

Neville Isdell bought the CHQ centre for €10 million in 2013

Neville Isdell has assembled a 'blue ribbon' group including former Labour minister Ruairí Quinn to guide his Epic Ireland projec(...)

Harvey Norman, which sells furniture, homewares and electronics, narrowed its losses last year to €7.4 million, down from about €11 million.

Retailer closes in on first profit in a decade

Demonstrators from various anti-wind farm groups protest as Minister for Energy Alex White officially opened Bord na Móna’s €115 million   wind farm at Mountlucas, Co Offaly. Photograph: Dara Mac Dónaill/The Irish Times

State company plans to become major producer of green energy

 Petroceltic chief executive officer Brian O’Cathain survived the attempted putsch by its 28 per cent shareholder Worldview. Photograph: Dara Mac Dónaill.

Company says it is ‘fully confident’ results are accurate

Richard Moat, the chief executive of Eircom, said the company would now review its property portfolio, which numbers about 1,200 sites nationwide, to see if there is scope for other commercial deals.

Telco also announces half-year revenue decline of 4 per cent, but says growth is near

 Tesco  group chief executive Dave Lewis:  said he will cut its central administration costs by 40 per cent. Photograph: PA

Impact of parent group’s chief executive Dave Lewis becomes apparent

Fyffes, the banana distributor, slipped more than 1.5 per cent to close the day at €1.17 per share. Photograph: Simon Dawson/Bloomberg

Iseq climbs 1.1% to close at highest level since 2008

Angelo Moskov, CEO Worldview Capital, speaking watched by Alasdair Robinson, company secretary, Robert Adair, chairman, Brian O’Cathain, chief executive officer at the Petroceltic EGM, in Kildare Street, Dublin. Photograph: Dara Mac Dónaill/The Irish Times

Where to now for the oil explorer, whose CEO on Wednesday survived a vote to oust him?

Vincent Browne: justified his world view by referring to conversations he had with a businessman “with his finger on the pulse”.  Photograph: Brenda Fitzsimons

Lobby group slammed Browne for insisting talk of a recovery is overblown

Stephen Glancey: C&C boss.  Photograph: Bryan O’Brien

British brewery brings trademark infringement case against Bulmers maker

Electric Picnic: three-day event. Photograph: Dave Meehan

The mobile phone operator has signed deals for Electric Picnic, Longitude and the New Year’s Eve festival

Monster, the Real Madrid to Indeed.com’s Barcelona, has come on board as a sponsor of National Employment Week.

Indeed.com executive no longer needed for National Employment Week debate

Irish pubs: due to be snapped up by  US investment houses

Portfolio of about 70 pubs will surely be snapped up by a US investment house

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