Ryanair’s woes, the housing crisis and a podcast festival

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

 Ryanair boss Michael O’Leary at a press conference. File photograph: Niall Carson/PA

Ryanair boss Michael O’Leary at a press conference. File photograph: Niall Carson/PA

 

Ryanair boss Michael O’Learycut a contrite figure at a press conference in Dublin yesterday as he sought to calm the anger over the manner in which the airline has gone about cutting 50 flights a day from its schedule over the next six weeks.

The State’s housing crisis is front and centre in the political debate in Ireland at present. The Royal Institute of Architects of Ireland has waded into the debate by stating that the problem is being compounded by lengthy planning processes and overly complex regulations. As Eoin Burke-Kennedy reports, the RIAI said it can take upwards of three years for new houses or apartments to come on stream for rent or purchase.

This week will see the hosting of the first Dublin Podcast Week. In her weekly media and marketing column, Laura Slattery looks at the growing popularity of podcasts and suggests a few of her personal favourites. And don’t forget that you can download the weekly Inside Business podcast from The Irish Times for free on iTunes.

Irish commercial property group Green Reit is having a strong year, helped in part by Brexit relocations from the UK. Barry O’Halloran has the details.

Cantillon ponders the future for Green Reit and concludes that while it looks bright, there are clouds on the horizon. Cantillon also wonders if Ryanair islosing its touch following the PR mess it has made of having to cancel thousands of flights over the next six week, and reports on how Europa Oil & Gas remains bullish about its Irish oil exploration licences here in spite of Providence Resources recent disappointments in nearby fields.

Bank of Ireland has become the latest client of Bell Pottinger to abandon the tarnished UK PR firm in the wake of it being thrown out of its industry body in Britain for stoking racial tensions in South Africa. Eoin Burke-Kennedy has the story.

Have a good day.

This article is part of the Business Today email digest. Sign up to the digest here and get the best business insight, comment and news in your inbox first thing every morning.