Bus Éireann receives about €160 million a year to cover the costs of transporting students to and from schools around the Republic.

European Commission rules firm enjoys unfair advantage in €160m annual deal

Willie Walsh, chief executive of British Airways’s parent, said in Dublin that demand for flights from both business and leisure travellers to London City was growing. Photograph: Andrew Harrer/Bloomberg

British Airways to compete with Cityjet and Flybe

A budget of just under €600 million has been allocated for the maintenance and improvement of national, regional and local roads. Photograph: The Irish Times

Transport: €893 million allocated to roads, rail and buses

The Minister for Finance, Michael Noonan, announced today that from January, he will abolish the 80 per cent windfall rate, and profits from such deals will now be taxed at the standard capital gains charge of 33 per cent. File Photograph: Alan Betson/The Irish Times

Capital gains relief on property dealsto be abolished at the end the year

Waypoint will lease two Sikorsky S-92s and two Agusta Westland AW139s

Limerick company backed by Soros family has fleet worth more than $500m

Milestone Aviation Group, founded in 2010,  has headquarters in Dublin and US offices in New Jersey and Ohio.

Deal expected to close next year if approved by regulators

In London, supermarket giant Tesco was back under pressure with a decline of nearly 3 per cent or 4.6p to 180.6p. Photograph: Rui Vieira/PA Wire.

Investors hold fire until stronger signs of recovery emerge

Between 2006 and 2012, two companies established by Declan  Conway, Pronanotect and Spearpoint Holdings, raised a total of €1.9 million from investors

Cash in companies run by businessman Declan Conway was moved to two offshore companies

The fastest rise in house building in its history drove a further month of growth in Ulster Bank’s Construction Purchasing Managers’ Index (PMI) in September.

Commercial construction also rose at a sharp pace although growth moderated on the previous month

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