Eircom’s decision to pull back on this occasion must be particularly tough for the senior executives, as €35 million had been set aside in the past two financial years for them to share under the terms of a management incentive plan.

Eircom’s owners reputedly valued the business as high as €3.5 billion

Cora O Brien,  Martin Lambe and Andrew Gallagher of the  Irish Tax Institute. Photograph: Cyril Byrne

Union-funded think tank argues against ‘flighty’ cuts in personal taxes

The company running The Square shopping centre in Tallaght returned to the black last year.

Property developer Noel Smyth waives €4.56m owed to him

CRH is to offload its share in a builder merchanting chain in France by the end of this year. Photograph: Brenda Fitzsimons.

Index heavyweight CRH one of the big Iseq movers of session, closing up 2% at €18.35

Financial services companies operating in Europe could now see their VAT bills soar as previously VAT-free services will be subject to the tax, at rates of between 15 and 27 per cent.

Services supplied between a group’s headquarters and branches to be subject to tax

According to Fyffes, the choice for Chiquita shareholders is to either sell now for $13 a share or vote for a merger with an “illustrative value in excess of $21 per share in 2016”. Photograph: Simon Dawson/Bloomberg

Investor presentation highlight merits of proposed $526m all-stock deal

The Central Bank: “In some firms, financial reporting to the board and senior management did not include details of regulatory returns.”  Photograph: Matt Kavanagh

Opinion: Central Bank finds regulatory reporting shortcomings in many firms

A Toyota RAV4  at the Moscow International Auto Salon. Photograph: Andrey Rudakov/Bloomberg

Fifteen dealers and garages file complaint with Competition Authority

Bank of Ireland chief executive Richie Boucher: cancer was diagnosed following a routine check-up earlier this year and he informed staff at Bank of Ireland of the diagnosis in July. Photograph: Dara Mac Dónaill

Chief executive underwent surgery last month to remove cancerous tissue from his colon and bowel

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