Despite new and welcome initiatives to diversify sources of funding, SMEs cannot but rely on banks to provide the credit they seek to function and expand, deputy governor of the Central Bank Cyril Roux told the audience at an event for the Leinster Society of Chartered Accountants on Wednesday. (Photograph: Dara Mac Dónaill / The Irish Times)

Despite the growth in alternative sources of finance, SMEs cannot but rely on banks to provide credit, the deputy governor of the(...)

Irish based life sciences company Malin raised €330 million from international investors in its debut on the Irish Stock Exchange (ISE) on Wednesday, in one of the largest life science IPOs ever to take place in Europe. Pictured ringing the bell at the launch of the  IPO were An Taoiseach, Enda Kenny TD,  watched on by (L-R) Deirdre Somers, CEO, ISE, John Given and Dr Adrian Howd from Malin (Photograph: Colm Mahady / Fennells)

Flotation of life sciences company is first for Irish Stock Exchange in 2015

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%

CJ Fallon, originally established in 1927, is a widely recognised and respected business, with an extensive range of educational products including textbooks, workbooks, study guides, teaching materials and assessment tests.

Levine Leichtman Capital Partners acquires Dublin publisher for undisclosed sum

Those over 35 with no insurance on April 30th will face higher prices

It might seem premature, but starting early with a decent compound rate can really pay off

Peter O’Mahony, Founder of and Tony Perrey, director at Pulse College at Windmill Lane studios, launching the largest ever peer-to-peer loan in Ireland.

Deal marks ‘significant milestone’ in Irish peer-to-peer lending sector

Jurys Inn operates 21 UK provincial hotels, four London hotels, five hotels in Ireland and one in Prague. It employs approximately 2,000 people.  (Photograph: Adrian Brown/Bloomberg News)

Competition authority cleared the deal earlier this month

Aryzta chief executive officer Owen Killian said that the results underscores the “substantial expansion” of its food group business over the last six months. (Photograph: Cyril Byrne / The Irish Times)

Swiss based food group grows revenues by 13.6% but still misses analysts’ forecasts

Post January sales, the cost of clothing and footwear rose in February.(Photograph:Nick Bradshaw)

Consumer prices are down 0.5% on an annual basis although economists say no risk of `dangerous deflation`

Ireland’s cost of borrowing continued to fall to new record lows this week, following the launch of the European Central Bank’s €1 trillion bond purchasing, or quantitative easing programme, which commenced on Monday. (Photograph: Alan Betson/The Irish Times)

30-year bond issued at yield of just 1.3 per cent as 10-year borrowing costs hit record low

Over 86,000 acres were offered for sale in 2014, the highest such figure in the eight year history of the report.(Photograph: Bryan O’Brien/The Irish Times)

Cost of agricultural land up to € 9,890/acre in 2014 report from the Irish Farmer's Journal shows

Origin chief executive officer Tom O’Mahony said it was a “solid operating and financial performance during the seasonally quiet first half of the financial year”.

Agri-services group grows its revenues by 2.7% in first half of the year but points to ‘challenging’ sentiment in farming

Strategy calls for abolishing of Clearing House Group

A major change signalled in the IFS 2020 report on the IFSC is the abolition of the Clearing House Group and its replacement with two separate bodies – one representing the private sector and the other the public – which will come together four times a year.

New strategy aims to kick-start the sector which is facing more competition

Move follows ‘unforeseen’ changes to joint venture

Pat McCann, CEO, said that Dalata performed “very strongly” in 2014, with all hotels showing revenue growth. (Photograph; Dara Mac Dónaill / The Irish Times)

Hotel group acquires Holiday Inn Hotel in Belfast for £18.5m

Free TV means you won’t get all the channels you’re used to but then you won’t be getting the bills either

Gary McGann, chief executive officer, Smurfit Kappa, said that the group’s acquisition of CYBSA  reflects its continued commitment to increase its market presence in the Americas. (Photograph: Alan Betson / THE IRISH TIMES)

Acquisition of CYBSA for $100m will enhance manufacturing group’s presence in the region

Notable M&A deals in 2014 included the € 450m purchase of a stake in car rental service CarTrawler by BC Partners(Photograph: Cyril Byrne / THE IRISH TIMES)

Mid-market deals drive the recovery with 81% boost in sub-€100m mergers and acquisitions

Willie Walsh, chief executive of International Airlines Group (IAG), the group bidding for Aer Lingus, received a 29 per cent pay rise in 2014, as his total pay rose to €7.9m. (Photograph: Aidan Crawley/Bloomberg)

Chief executive of group bidding for Aer Lingus

Aviva Ireland said on Thursday that while the company ended 2014 “in a good position”, it has more to do.

Financial services group reports 13% boost in profits to €69m as it benefits from strong growth in life and pensions

The weeklong gathering will feature over 50 events in Dublin, Cork, Limerick, Galway and Waterford, promoting entrepreneurship and showcasing Ireland’s startup sector to more than 15,000 people

Entrepreneurs and start-ups are being asked to come up with event ideas for the first-ever StartUp Gathering to be held during th(...)

Developers must embrace equity investment to fund projects or ‘face being left behind’

Sasha Wiggins joins the Dublin office from London, where she most recently served as managing director within the Barclays Wealth & Investment Management division.

Sasha Wiggins succeeds Andrew Hastings as CEO of Barclays Bank Ireland

Economist Dr Peter Bacon at the Oireachtas Banking Inquiry on Wednesday.

Economist and Professor Alan Ahearne will be joined by Dr Peter Bacon

Inside Track Q&A: Gerard Egan, clinic director, MyDental is a design based ecommerce site selling everything from beds to carpet tiles to gadgets.

Move will give tech manufacturer another distribution channel for its products

Ryanair has called on the UK competition regulator to reconsider its decision to request it to divest most of its near 30 per cent stake in Aer Lingus in light of the recent bid for the airline from the International Airlines Group (IAG).  (Photograph: Niall Carson/PA Wire)

Airline calls on the UK competition regulator to reconsider its decision to request it to divest its stake following IAG bid

Dómhnal Slattery, CEO, Avolon, said the company delivered a strong performance against key financial and operating metrics in 2014. (Photograph: Eric Luke / The Irish Times)

Chief executive Dómhnall Slattery says it has customers committed to leasing 31 aircraft worth $1.6bn

Providence Resources, the Irish oil and gas exploration and appraisal company, said on Tuesday that it is encouraged by early work on its Drombeg prospect. (Photograph: Finbarr O’Rourke)

Exploration company says it has already attracted interest from international oil companies given the project’s ‘considerable’ pot(...)

Chairman Carl McCann said the food group delivered “a robust performance” in the 12 months to December 31st 2014, recording a 4.5 per cent increase in adjusted earnings per share in “a mixed year for the fresh produce industry”. (Photograph: Bryan O’Brien/The Irish Times)

Shares rise 5% in Dublin after solid set of results from fresh food company as it continues to eye up investment opportunities

It has become increasingly easy to shop around for treatment thanks to dentists displaying their prices not just in their practices but also online

Dentists have responded to cuts in dental cover by offering more competitive rates and treatment plans

In his first day as the new chief executive of Aer Lingus, Stephen Kavanagh moved to reassure staff over the bid  for the airline from International Airlines Group (IAG). Photograph: Aidan Crawley/Bloomberg

Chief executive Stephen Kavanagh moves to dispel concerns over terms

After years of pay-cuts employers are again looking to sweeten the deal they offer their staff.

Survey points to growing confidence among employers with pay rises, bonuses and counter offers back on the agenda

Increased demand for gas and tension between Ukraine and Russia saw gas prices rise by 9 per cent in February. (Photograph: Getty)

Despite February hike average prices are still down 27% on an annual basis

Woodies DIY owner Grafton said that the acquisition of TG Lynes  further strengthens the group’s platform for future growth in this target sector and will be earnings enhancing from completion.  (Photograph: Dave Meehan/The Irish Times)

Woodies DIY owner says deal will enhance group’s growth potential in mechanical engineering merchanting

Andrew Langford, FBD group chief executive. FBD Hotels and Resorts has sold the Temple Bar Hotel to the Boston-based Pyramid Hotel Group for an undisclosed fee. Photographer: Dara Mac Dónaill/The Irish Times

Pyramid Hotel Group purchases ‘highly profitable’ three-star hotel from FBD

Study shows share price link to workforce

Central Bank economist Yvonne McCarthy: ‘People in fragile employment have a 5 per cent higher probability of being in distress with their mortgage relative to people in secure employment.’

About 20% of people in arrears previously unemployed, says economist

Jim Travers, chairman and chief executive officer of Fleetmatics, said that 2014 was a year of “tremendous progress”. (Photograph: Alan Betson / The Irish Times)

GPS-based fleet management systems providers says 2014 was a year of ‘tremendous progress’

Drugs group Icon is forecasting revenue to be in the range of $1.6-1.675 bn for 2015, an increase of 7-11 per cent, and earnings to be in the range $3.45- $3.60, an increase of 20-25 per cent.

Drugs group consolidates its position thanks to strong new business wins

Rising property prices have not yet lifted a significant proportion of Irish homeowners out of negative equity, according to a new report from the Central Bank. (Photograph: Frank Miller/THE IRISH TIMES)

Data from Central Bank shows that 50 per cent of 2007 buyers are still in negative equity

Janet Yellen, chair of the US Federal Reserve, at a Senate Banking Committee hearing in Washington, D.C., U.S., on Tuesday. Yellen said inflation and wage growth remain too low even as the job market improves, and she signaled that a change in the Fed’s guidance on interest rates won’t lock it into a timetable for tightening. (Photograph: Andrew Harrer/Bloomberg)

Yield on 10-year bond falls to new low on back of US dovish stance

Siobhan Talbot, group managing director, Glanbia,  said that the company’s focus on two scale growth platforms, global performance nutrition and global ingredients, continued to drive earnings. (Photograph: Jason Clarke Photography)

Food and ingredients group points to an improved performance in its Irish operations

UK payday lender Wonga is set to cut 325 jobs and close its Dublin office under a “strategic refocus” of its consumer businesses. (Photograph: Nick Ansell/PA Wire)

175 jobs expected to go at Dublin support office as company sheds a third of its workforce in restructuring plan

Sean Corkery, chairman and CEO, Siteserv, said the acquisition of PDC Utility Service is “ very much in line with the overall growth strategy for the company”. (Photograph: Eric Luke / THE IRISH TIMES)

Denis O’Brien owned utility services group has acquired UK tower painting and maintenance company P.D.C. Utility Services

Kerry Group’s new innovation centre, in Millennium Park, Naas, Co. Kildare. The company said today that it is on schedule to open by the middle of 2015. (Photograph: Dara Mac Dónaill / THE IRISH TIMES)

Results of food group meet market expectations as it shrugs off challenging environment

Outgoing Aer Lingus CEO Christoph Mueller said that 2014 was a “very successful for Aer Lingus, with strong performance across our businesses”. (Photograph: Bryan O’Brien/The Irish Times)

Chief executive designate, Stephen Kavanagh, said that before IAG’s approach, Aer Lingus was weighing the possibility of entering (...)

Mortgage moving: banks are now looking to win low-risk customers by offering switching deals

Slashing basis points off a mortgage can reap rewards given the length of the term and the scale of borrowings

New rules will drive more buy-to-let investments: 74 apartments were bought in the  Lansdowne Gate development in  Drimnagh in 2014 for €19.9 million.  Photograph:  Matt Kavanagh

New rules will fuel increase in demand in rented sector, study says

Laya’s new health insurance policy is aimed at getting those aged under 34 to sign up for health insurance before the introduction of Lifetime Community Rating.

Laya Healthcare launches €9 a week policy offering cover for public hospitals

Irish titanium and zircon miner Kenmare Resources is to make a number of employees at its mine in Mozambique redundant as a result of falling mineral prices. (Photograph: Will Burgess/Bloomberg)

Firm to let go15-20% of workers at Moma mine due to weak prices

Dragon Oil said it would complete between 15 and 20 wells a year in 2015 and 2016, and is targeting annual production growth of around 10 per cent or higher in 2015 at 100,000bopd

Exploration company targets output growth of 10 per cent for 2015

Hanover Quay, Dublin 2: average monthly earnings from Airbnb around €444. Photograph:Kate Geraghty

Extra cash comes in handy. Here are a few ways to monetise a spare room or free time

Thanks to offers such as money back vouchers on purchases worth more than €25, Dunnes Stores reported sales growth of 1.7 per cent during the period, the strongest performance for the retailer since July 2014.

Musgrave owned chain benefits at Tesco’s expense as Dunnes Stores’ money back offer boosts sales

In October Dalata announced it would acquire Wexford hotel Whites, a four star hotel with 157 bedrooms which went into receivership in 2009.

Listed hotel group continues to expand at pace

New Aer Lingus chief executive Stephen Kavanagh, who will assume the role on March 1st. (Photograph: Jason Clarke Photography)

After 26 years at airline, Kavanagh takes over top job from Mueller

HSBC’s Expat Explorer league table  placed Bahrain in fifth position  in terms of attractiveness for expats out of 34 countries, followed by Oman (6), Qatar (10) and the UAE (13).

Most Irish end up in the United Arab Emirates, but there are opportunities elsewhere too

An important element of life in the Islamic Gulf States is how women are treated, and this tends to vary depending on the strictness of the regime in each of the states.

Irish people need to be prepared for a very different way of life

Rent for expat accommodation in the United Arab Emirates is similar to Dublin.

Accommodation aimed at expats is high quality but pricey, often in gated compounds

Tax-free salaries are one of the biggest incentives for Irish people to work in the Gulf region. In most states, if you earn €100,000 you keep €100,000, compared to just €58,869 after tax as a single person in Ireland.

Tax-free salaries and low-cost petrol are a huge plus, but rent and education are pricey

Most expats heading for the Gulf States will have private health insurance, typically paid for by their employer.

Fees for private international schools can cost upwards of €10,000, but many employers will pay as part of a salary package

While you might secure a job from Ireland through Skype or recruitment fairs, it helps to get on a plane if you’re looking for a job in the Gulf region.

Most Irish are finding work in the construction, education and healthcare sectors

Tourist visas (often given to Irish passport holders on arrival at your destination) can be obtained for up to 30 days (renewable up to 60 days in the UAE), which will allow you to travel there and find a job before making a move.

To work you will need a visa, which is usually organised by a sponsoring employer

Life in the Gulf may be very different to Ireland but there are many ways to connect with other Irish

The lack of action on buy-to-let arrears sits starkly against a background of  reduced supply, rising prices, and a dearth of social housing

Since the property crisis began, there has been talk of the banks needing to offload distressed investment properties, but they s(...)

The Irish Infrastructure Fund may build and operate an approximately 330-bed hotel on a site adjacent to the centre(Photograph : Matt Kavanagh / THE IRISH TIMES)

Irish Infrastructure Fund is preferred bidder to run centre with potential to build a 330-bed hotel on adjacent site

Gary McGann, chief executive officer, Smurfit Kappa Group, said that the group’s 2014 performance is “strong evidence of the resilience of our integrated and geographically diverse business model”.   (Photograph: Alan Betson / THE IRISH TIMES)

Packaging group reports 2% increase in revenues and profits of €378m

2014 “was a difficult year for our industry and a challenging one for Tullow” Aidan Heavey, chief executive with Tullow said. (Photograph: Danny Lawson/PA Wire)

Exploration group struggles on back of plummeting oil prices, cancels dividend

Mortgage insurance has been cited as a way potential homeowners could overcome the Central Bank’s new 20 per cent deposit rule for second-time buyers.

Proposed protection product would allow homeowners borrow more than 80% but could be expensive

Canada Life, the UK subsidiary of Canadian financial services group Great-West Lifeco, is to acquire Dublin based offshore insurer Legal & General International (LGII) for an undisclosed sum.

UK subsidiary of Great-West Lifeco to buy Dublin based offshore life company

The acquisition of the Garda regional headquarters on Harcourt Street will give Hibernia Reit “substantial near term income and exciting redevelopment opportunities in the traditional office core of Dublin” Kevin Nowlan, chief executive officer of WK Nowlan REIT Management Limited said. (Photograph: Frank Miller /	THE IRISH TIMES)

Site has potential for redevelopment at 'increased density'

Coming together: consumers are coming together not just to get a deal on a holiday, but to cut their bills, buy a property and get cheaper medication. It’s all about the “crowd clout”

Is buying as a “crowd” really going to save you money or is it just a nice gimmick to win more customers?

Globally the market for exchange-traded funds is expected to soar to $5 trillion by 2020.

Ireland already hosts some $250bn in exchange traded funds; growth will come from international investor demand

Former CRH CEO Myles Lee has joined the board of Ingersoll Rand. (Photograph: Alan Betson / THE IRISH TIMES)

Former CRH chief executive has been appointed a director of global diversified firm

The Central Bank’s new mortgage lending rules will impose an income multiple limit of 3.5 times salary on  first time buyers and those trading up. (Photograph: Matt Kavanagh/The Irish Times)

Responses to mortgage lending consultation reveal concerns among first-time buyers that they’ll never be able to buy a house

The improving Irish property market saw Dankse Bank reverse previously made impairments in 2014. (Photograph: Freya Ingrid Morales/Bloomberg)

Danish bank continued its retrenchment in 2014 as it cut lending and sold 1,634 investment properties

Carl McCann, chairman of Total Produce, said that the transaction further broadens the fresh produce provider’s North American operations. (Photograph: Alan Betson/The Irish Times)

Canadian fresh produce company is the fourth North American investment for Total Produce

Trader-uppers will have to stump up 20% of the purchase price, but for first-time buyers it’s business as usual – as long as they’(...)

The health insurance levy has increased sharply in recent years but that is about to change

Ryanair raised its net profit guidance for the fifth time this year on Monday, up from € 810m-€ 830m to a range of € 840m-€ 850m, on the back of lower oil prices and stronger traffic. Photograph: Alan Betson / THE IRISH TIMES

Airline expects modest growth in 2016 due to fuel hedging policy; says it will ‘carefully consider’ any offer it should receive fr(...)

Michael O’Flynn’s O’Flynn Group said on Friday that it has reached a “consensual resolution” with Blackstone’s Carbon Finance unit. (Photograph: Daragh Mac Sweeney/Provision)

‘Consensual resolution’ to be worked out between now and February 13th

In March 2014 the Howth Sutton Credit Union was transferred to Progressive Credit Union. (Photograph: Brenda Fitzsimons / THE IRISH TIMES)

Commission has given green light to extension of scheme until June 30th

The approval means that Dublin-listed Dalata can now move to take over nine Moran Bewley hotels in Ireland and Britain.

Dublin-listed hotel group can now move to take over nine hotels in Ireland and Britain

Vhi is to cut the cost of seven of its plans by 3 per cent.

Move which will apply from March is a sign spiralling health insurance prices have eased

“We are now trying to rebuild. We need to have robust lending patterns,” Mr Howlin said. Photograph: Eric Luke/The Irish Times

It’s up to the Central Bank to make final decision on plans to require home buyers to save deposits of 20% Minister for Public Exp(...)

Gene Murtagh, Kingspan chief executive officer, said that the acquisition of Joris Ide is a ‘quantum leap forward’ in the group’s efforts to globalise. (Photograph: Alan Betson / The Irish Times)

Shares in Irish insulation firm jump 1.8 per cent after 'quantum leap' acquisition

Typically, for life insurance cover, it’s recommended that between 10 and 15 times your current annual income is needed to maintain your lifestyle

What protection does your family need in the event of your illness or death?

Irish consumers spent a record €28.4 billion on their Visa cards in 2014, an increase of 32 per cent on 2013. (Photographer: Simon Dawson/Bloomberg)

Online shopping grew 30% in 2014 with Irish consumers spending €3.8m online every minute

Gene Murtagh, CEO Kingspan. The manufacturing group said on Monday that it is in talks with Belgian group Joris Ide. (Photograph: Alan Betson / The Irish Times)

‘No certainty’ of a deal Irish manufacturer says as it confirms talks with Joris Ide

John Brennan will remain as chief executive of Jurys Inn. He said that the owner is “very committed to the future growth and development of the Jurys Inn brand and business”. (Photograph: Eric Luke / THE IRISH TIMES)

US private equity group will buy the hotel chain from investor group

Pictured at the launch is Minister Richard Bruton; (l ) Marie O’Connor, partner at PwC and 30% Club Leader in Ireland and (middle) Helena Morrissey CBE, ceo of Newton Investment Management and founder of 30% Club in the UK. (Photograph: Maxwells)

Just one in ten directors of Irish publically listed companies are women

Weslin was founded in 2000 and has experience in residential, retail, commercial new build and fit out, industrial and civil engineering. (Photograph: Cathal McNaughton/Reuters)

Weslin had been in examinership since March 2014; deal will save 15 jobs

Dragon Oil’s target is to grow average gross production at around 10 per cent in 2015 and exit the year at 100,000 bopd.

Oil and gas explorer still on target to reach 100,000 barrels per day

Understanding your annual pension statement will help you take stock of where you are and what needs to be done to get to where y(...)

Natasha was able to get her debts of about €17,000 written off. It was a feeling of “absolute relief”, she says. Photograph: The Irish Times

Natasha’s problems loomed into sharp focus when the debt collector came calling

Deirdre Rice, centre co ordinator with MABS in Bray, Co Wicklow. Photograph: Cyril Byrne

The State agency is still working hard to help those struggling with financial difficulties

The service put together a detailed budget for her, which included cutting off her phone line and reducing the family’s TV package. Photograph: The Irish Times

Geraldine’s problems began when her husband walked away from the family’s debts

The largest transaction of the year was Project Sapphire which Cosgraves sold to Green REIT for € 375m in Q2. It included the Westend Retail Park in  Blanchardstown, west Dublin.

Data points to investment of €4.5bn in Irish commercial property in 2014

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