P&O’s Irish victims; €900m deal in peril; Winklevoss brothers get Irish licence

Business Today: the best news, analysis and comment from The Irish Times business desk

Sixty Irish crew are reported to be among the 800 sacked by P&O Ferries last week, writes Ronan McGreevy. They were working the Larne-Cairnryan route. Staff on the Dublin-Liverpool route were reportedly secure because they are employed under Dutch law, not that of the UK. Britain's Labour party is raising the issue in parliament today.

The €900 million deal struck by the Tyrone family that founded Euro Auctions to sell the business may be under threat as the UK's Competition and Markets Authority refers the transaction for an in-depth investigation amid competition concerns. Charlie Taylor reports.

Gemini Payments, a popular cryptocurrency exchange established by the Winklevoss brothers, has secured an e-money licence from the Central Bank, becoming the first fintech to secure such a licence in the Republic since October 2020. Charlie has the details.

The US and Britain open talks today aimed at deepening trade and investment links between the two countries – a cherished post-Brexit ambition of the London government. However, Martin Wall reports, Congressional speaker Nancy Pelosi has warned that the prospects for any trade deal depended on no further hardening of the Border.

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In his column, Eoin Burke-Kennedy looks at five ways the current war in Ukraine is likely to effect the economic position of countries across Europe, including Ireland.

There may be changes in the workplace in the post-pandemic world but Pilita Clark advises people against dropping opening salutations if they expect to have their letters or emails read at all.

And finally, BNP Paribas Real Estate Ireland's director of research John McCartney warns that environmentally conscious companies' demand for energy efficient buildings runs the risk of creating a two-tier system in the market for offices, with older buildings at risk of becoming stranded assets.

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Dominic Coyle

Dominic Coyle

Dominic Coyle is Deputy Business Editor of The Irish Times