Latest move marks an escalation in the six-week long dispute that is said to be costing the economy millions of euro. Photograph: Alan Betson

Industry body says strike action by Unite threatens delivery of vital projects

Payzone chief executive Jim Deignan said the 2016 financial results reflected the ongoing diversification of the company’s revenue base.

Online transactions now account for 12% of total Payzone transactions

Latest CSO data show 14% increase in trade with our nearest neighbour so far this year

Pepper Ireland chief executive Paul Doddrell. US private equity giant KKR, which is in the process of buying Pepper, has rejected suggestions that it may try to offload the group’s Irish assets.

US private equity giant KKR says it does not intend shedding Irish assets

 Secretary of State for the Department of Exiting the European Union David Davis (right). In a statement on Sunday, the UK’s department for exiting the European Union said intense work had been underway to prepare for formal talks on the UK’s future relationship with the EU

Downing Street promises clarity on Irish Border and customs union ahead of talks

As of last month, some €150 million worth of home loans had either been drawn down or in the pipeline to be issued by Pepper. Photograph: Neil Hall/Reuters

Australian non-bank lender is being bought by US private equity firm KKR

 Tom Parlon: “Infrastructure investment needs to be made with a 10-15 year time horizon in mind. However, our political system works against this type of long-term thinking”

Construction Industry Federation says process is affected by political decision-making

Credit card point of sale  transactions amounted to €894m in June, while e-commerce transactions using credit cards totalled €394m

Central Bank figures show value of debit and credit card transactions continues to grow

The latest Central Bank data show the volume of new mortgage agreements amounted to €562 million in June, bringing new agreements to €5.6 billion over the past 12 months. Photograph: Matt Kavanagh

Banks continue to attach premium to variable rate mortgages despite upturn in business

Food group Kerry enjoys modest bounce on foot of strong results

Over the past 12 months  the cost of clothing and footwear has fallen 5.9%

Most significant monthly change was in area of clothing and footwear

Food Safety Authority confirms contaminated Dutch eggs supplied to food businesses here

Siobhan Talbot, Group Managing Director or Glanbia. Photograph: Dylan Vaughan.

Kilkenny-based food group reports 11.5 per cent rise in overall revenue to €2.05 billion

Stellwagen, the aviation financing group headed by former Ryanair deputy chief executive Howard Miller, has made a 10-year loan to Hong Kong-listed China Aircraft Leasing Group.

Aviation financing group headed by former Ryanair executive makes first big loan

In Dublin, INM shares take a hammering after company issues profit warning

Minister for Finance  Paschal Donohoe: Although total government expenditure fell in 2016, the comparison with 2015 is impacted by a once-off capital transfer of €2.1 billion in 2015. Photograph: Alan Betson/The Irish Times

Latest figures indicate significant improvement on 2015’s €5bn deficit

Brexit talks: Moody’s said the probability that negotiations could fail with no agreement being reached was still “substantial”. Photograph: Yves Herman/Reuters

Rating agency warns probability that EU-UK negotiations will fail is ‘substantial’

 Sarah Brady  in Vampirella at Smock Alley Theatre: The group hosted 10 festivals and 152 companies presenting 707 performances in 2016.  Photograph: Cyril Byrne / The Irish Times

Dublin theatre group bemoans lack of state funding as deficit widens

Former Aer Lingus chairman Colm Barrington   has been a non-executive director of Hibernia since the company’s initial public offering (IPO) in 2013

Advisory firm claims former Aer Lingus chairman holds too many other positions

Electrical sales from Bord na Móna’s Mountlucas and Bruckana wind farms fell by €5.2 million for the 12 months to the end of March. Photograph: Dara Mac Dónaill

Irish company discovers compliance issues at UK subsidiary months after acquisition

Market reaction to the Opec deal extension have seen oil prices take another hit

London-listed builder pays €107.5m for prime Dublin 4 development site

UDG says acquisition of Cambridge BioMarketing would provide platform for growth

Christopher Sibley, Jennifer Banim and Michael Connolly of the CSO brief the media on the new measurements at  Government Buildings. Photograph: Cyril Byrne

In the adjusted metric, Ireland’s bumper current account surplus becomes a deficit

Announcing the figures for economic growth in the first quarter of 2017 at Government Buildings were Central Statistics Office officials Jennifer Banim and Michael Connolly. Photograph: Cyril Byrne

CSO’s new measure paints economy in less flattering light with contraction of 2.6%

Eir’s dominant position in the telecoms market in Ireland was examined  amid allegations of anti-competitive practices.

ComReg published consultants’ report amid allegation of anti-competitive practices

A graph on a trader’s screen shows the fall of pound sterling that occurred when the first general election exit poll was released on June 8, 2017 . Photograph: Getty Images

Central Bank paper assesses impact of sterling volatility on prices here

Brendan McDonagh, chief executive of Nama: ‘There is little disincentive to hoarding as long as the owner expects house prices to rise”.   Photograph: Alan Betson / The Irish Times

Brendan McDonagh indicates only small fraction of sites sold have been developed

Minister for Finance Paschal Donohoe: said he did not expect tax receipts to surpass expectations this year. Photograph: Gareth Chaney/Collins

Government will prioritise areas of greatest need given ‘limited resources’, Minister says

The average allocation to equities has risen modestly in Irish pension funds from 36 per cent to 40 per cent, a Mercer survey shows.

Bonds account for 48 per cent of average allocation, Mercer survey finds

A total of 3,585 new private cars were licensed for the first time in June, a decrease of 13.5 per cent compared with the same month last year. Photograph: Gareth Fuller/PA Wire

Consumers avail of favourable exchange rate to pick up bargains across the Border

A complete abolition of the USC with the two standard income tax rates held constant would come “at a very high price for public finances”. Photograph: iStock

European Commission warns move would severely restrict Government spending

Minister for Finance Paschal Donohoe has poured cold water on calls for increased infrastructure spending. Photograph: Cyril Byrne

Minister for Finance downplays prospect of major hike in capital budget

The Department of Communications is understood to be unhappy with the  prices Eir charges rivals for access to poles, ducts and cabinets. Photograph: Karl Hussey/Fennell Photography

Price company charges for access to its network has major bearing on cost of State plan

In New York, the S&P 500 and the Dow were little changed in choppy trading, but the Nasdaq was propped up by gains in tech shares. Photograph: Lucas Jackson/Reuters

In Dublin, food group Kerry jumps on foot of bullish note from Deutsche Bank

Taoiseach Leo Varadkar and Minister for Finance and Public Expenditure Paschal Donohoe: have signalled their intention to make tax reform and tax reduction a key priority for the new administration. Photograph: Dara Mac Dónaill

‘Elasticities’ flaw in exchequer forecasting model may be behind fall in USC receipts

The Living Wage Technical Group has raised what it considers the minimum hourly pay rate a worker needs to cover basic cost of living expenses to €11.70.

Wage campaigners claim €11.70 an hour labour rate required to cover jump in rents

  Minister for Finance Paschal Donohoe . Photograph: Cyril Byrne / THE IRISH TIMES

Half-year exchequer returns buoyed by strong performance of corporation tax

Latest figures show number of workers classified as unemployed fell by 900 in June

KPMG’s John Veihmeyer: heightened geopolitical uncertainty on both sides of the Atlantic is depressing economic growth

John Veihmeyer also believes prospect of meaningful US tax reform remains high

Broadband network being installed. The National Broadband Plan  to equip 542,000 rural homes and businesses with high-speed broadband has been beset with problems and delays. File photograph: iStockPhoto

Naughten indicates work on project will not begin until at least beginning of 2019

MyHome’s report suggested property prices nationally rose by 5 per cent in the second quarter of the year and were up 8.9 per cent year-on-year. In Dublin, prices rose by a slower 2.8 per cent in the quarter but were up 10.3 per cent on an annual basis. File photograph: iStockPhoto

Warning of possible rush in transactions ahead of likely abolition of Help-to-Buy scheme

Technicians working on behalf of Eir install fast broadband to a home. Photograph: Karl Hussey/Fennell Photography

Telco says it will soon have passed 70,000 homes with next-gen broadband

 Boots pharmacy on Henry Street in Dublin:   the chain has over 80 stores in Ireland employing around 1,600 staff Photograph: Frank Miller

Pharmacy chain also says it could be adversely affected by Brexit

The Kingfisher well, Block 3A, jointly owned by Tullow Oil Plc and Heritage Oil Plc, sits at the Lake Albert Rift Basin, in Uganda.

Irish oil explorer paid UK government $51m in income tax in respect of North Sea assets

Minister suggests current softness in tax revenue will unwind before October’s budget

Ibec chief executive Danny McCoy said income tax cuts would be paid for by the buoyancy of the economy. Photograph: Getty Images

Taoiseach suggests tax cuts may be funded by cutting expenditure elsewhere

Irish Tax Institute policy director Cora O’Brien (left) and communications director Olivia Buckley at the launch in Dublin of the report on  tax strategy to grow Irish indigenous exports. Photograph: Julien Behal

Group warns of too much concentration on small number of multinationals

Settlements amounting to more than €14.4 million were agreed with Revenue in the latest list of defaulters, which covers the first quarter of 2017.

The founder of Dean Waste makes biggest settlement on latest list

Under changes introduced in the latest Finance Bill, Revenue now has the power to name and shame those who have failed to discharge an outstanding liability within an agreed time limit.

Defaulters’ list this week will include those who have failed to pay agreed settlement

Comments come amid speculation that its sister franchise in UK plans to revamp format

  Rio de Janeiro state’s consumer protection agency, PROCON, inspecting meat products in the cold storage room at a supermarket in Rio de Janeiro. Photograph: Getty Images

Farmers’ association reacts to news of fresh US embargo against South American state

Despite its small size and dull image, Frankfurt is favoured because it is the financial capital of Europe’s biggest economy and also home to the European Central Bank. Photograph: Ralph Orlowski/Reuters

Toyko-based firm had shortlisted Irish capital as an option after Britain leaves bloc

Traders on Wall Street: health stocks got a boost on Thursday after Republicans unveiled a Bill to repeal Obamacare and the energy sector took a breather with oil prices edging up from multi-month lows

Bank of Ireland, one of Iseq’s strongest performers, trades up in Dublin ahead of AIB flotation

The Government is now planning to impose a levy on investors who are sitting on vacant development sites. Photograph: Alan Betson

Revenue official suggested CGT exemption would encourage investors to sit on property

The ESRI predicts prices and rents will increase “for the foreseeable future” . Photograph: Chris Ratcliffe/Bloomberg

Think tank suggests official house construction statistics may be overstating activity

No to Brexit: a remain sign in Northern Ireland. A hard Brexit is expected to result in higher prices in the Republic, as UK multinationals pass on the cost of a weaker pound to consumers.  Photograph: Paul Faith/AFP/Getty

Taoiseach to urge talks progress as ESRI says main impact would be on labour market

Despite the risk posed by Brexit, the ESRI’s paper concludes  the UK is likely to remain a member of both the European gas and electricity markets. Photograph: Getty Images

ESRI warns Britain’s intention of remaining in EU energy market is no guarantee

A Mercer survey found Dublin is the second most expensive city in the euro zone  for employees working abroad. File photograph: Getty Images

Irish capital’s relatively high ranking linked to rising property and rental costs

 US stocks extended their losses in early afternoon trading on Tuesday, slipping from record levels, as a sharp drop in oil prices squeezed energy stocks and a rebound in technology shares faded out. Photograph: Drew Angerer/Getty Images

Ryanair buoyed by weaker oil prices while Smurfit Kappa, BoI and PTSB also rise

Tesco said it was  working hard to fix the computer glitch problem. Photograph:    Toby Melville/Reuters

Retailer forced to cancel thousands of online grocery orders in UK due to technology glitch

Ibec chief executive Danny McCoy: “Brexit is a threat to our living standards and our economic ambition. There can be no complacency.” Photograph: Eric Luke

Transitional arrangements needed to avoid disruption and legal uncertainty at borders

A Moy Park facility. “We do not source products from any of the sites involved in the ongoing investigations in Brazil,” a company spokeswoman said

Poultry producer says none of its products were sourced from implicated Brazilian plants

New Ireland Assurance said  new business levels were 10%  lower than the previous year

Bank of Ireland subsidiary sees annual premium drop 14% to €1.7bn

The employment figure for construction in 2016 was up 15,092 on the 2011 figure, according to the latest census analysis. Photograph: Brent Lewin/Bloomberg

Latest summary results suggest 79 districts have jobless rates of 27 per cent or more

Ireland was above average when it came to the price of clothing, which marks a shift from the previous year. Photograph: Chris Ratcliffe/Bloomberg

New Eurostat survey suggests prices across range of products were 125% the EU average

The new account, which puts put An Post in direct competition with retail banks, is targeted at the 1.7 million customers who use the post office network each week.

Company’s new Smart account will offer customers debt card with point-of-sale facilities

Traders work on the floor of the New York Stock Exchange. Tech stocks enjoyed a rebound on Tuesday.

Sterling also advances against euro as May moves to prop up minority government

Lotus Investment specifically targets developers who are completing “ghost estates” or building new developments in the commuter belt counties outside the main cities, where there is an overspill of demand. Photograph: Krisztian Bocsi/Bloomberg

Construction financier says it has already invested €200m in property-related projects

At the end of last year Eir  was forced to pay over €3m to the regulator for performance breaches in 2015 when  storms knocked out phone services across rural parts of the State

Regulator Comreg imposes fine after company fails to hit performance targets for 2016

“Many are paying for speeds they are not actually getting, while six in 10 consumers are leaving themselves in the dark because they have never carried out a broadband speed test at home”

Survey by website Switcher.ie also reveals only 44% happy with internet connectivity

  Jonathan Harding, senior vice president of Qatar Airways Europe,  and Dublin Airport managing director Vincent Harrison with  Qatar Airways cabin crew at the launch of the inaugural Dublin to Doha route at Dublin Airport. Photograph: Andres Poveda

Airline launches Dublin route as other gulf states impose blockade over alleged terrorist links

Minister for Finance Michael Noonan with governor of the Central Bank Philip R Lane. Are they right to dismiss the warnings of impending property bubble? Photograph: Dara Mac Dónaill

Expert warnings and market dysfunction are fueling concerns about the property market

Sterling registered its biggest daily fall in seven months against the euro. Photograph: Dado Ruvic/Reuters

Expectations of softer Brexit policy help check slump in pound

Pound coins are seen in front of displayed stock graph in this picture illustration taken June 9, 2017. REUTERS/Dado Ruvic/Illustration

Predicted sterling crash on foot of hung parliament result fails to materialise

The consumer price index for May shows the average basket of goods and services was 0.2 per cent higher than 12 months ago, down from nearly 1 per cent in April. Photograph: Victoria Jones/PA Wire

Consumer price index for May snaps five-month sequence of accelerating inflation

Since the Brexit referendum last June, sterling’s value against the euro has ranged between 77p and 91p. Photograph: Yui Mok/PA Wire

Polls are predicting outcomes ranging from majority for Tories to hung parliament

Property bubble: OECD says Irish  authorities should stand ready to tighten prudential regulations if needed. Photograph: Lauren Hurley/PA Wire

Paris-based group says Irish authorities should tighten lending rules if needed

Fewer than 120,000 workers are employed in the construction industry here, with most involved in the commercial sector. Photograph: Ben Birchall/PA Wire

Analysis: Jump in supply could overheat economy, Fiscal Advisory Council warns

The Fiscal Advisory Council is the latest think tank to warn about the risks posed to the economy from recent trends in housing. File photograph: PA

Increase in house builds runs significant risk of overheating economy, warns watchdog

Currently at 87p, sterling remains roughly 2%  higher than when the election was called back in April, suggesting markets remain positioned for a big Conservative  win. Photograph: Getty Images

For Irish exporters Thursday’s vote can provide some relief or erode their position

Rating agency also suggest damage to growth from hard Brexit will only be temporary

 Minister for Finance Michael Noonan. The Department of Finance has been at a loss to explain the weaker-than-expected trend in income tax which is at odds with the  growth in employment. Photograph: Alan Betson

Exchequer numbers show gap between actual and targeted receipts narrowing

Traders work on the floor of the New York Stock Exchange.  Photograph: Bloomberg

Ryanair falls nearly 2% in Dublin on UBS downgrade

Irish consumer sentiment has dipped despite a sequence of generally positive indicators. Photograph: Nick Bradshaw

Latest barometer detects slight fall but authors suggest consumers remain optimistic

Car finance specialist First Citizen said the capital raise would enable it to develop additional products and expand its footprint in the Irish market.

Car finance specialist announces deal with US hedge fund Magnetar Capital

Number of males signing on fell by 1,500 in May while females decreased by 700. Photograph: Steve Morgan/PA

CSO numbers suggest number of claimants is at lowest level since October 2008

For low cost short haul flights the average cost in Ireland was just €5.66 per 100km, which was one of the cheapest.

Survey by travel agency Kiwi.com assesses cost of airline travel in different countries

Despite an increase in construction, residential property supply remains constrained. Photograph: Alan Betson

Competitiveness council warns of threat to recovery from rising rents and house prices

IMD survey director Arturo Bris

State’s performance linked to strong domestic growth and international invesment

Manchester United fans before the Uefa Europa League Final at the Friends Arena in Stockholm, Sweden. Photograph: Nick Potts/PA Wire

Revenue relates to premises English Premier League club still leases in Dublin city centre

 ComReg is likely to lower the maximum fee Eir can charge to connect customers to its fibre broadband infrastructure. Photograph: Maxwells

Open Eir currently charges €270 to connect homes located 50m from its network

The sectors with of the economy with the largest monthly volume decreases were motor trades (-1.7 per cent), and books, newspapers and stationery (-1.2 per cent). Photographer: Krisztian Bocsi/Bloomberg

Latest monthly numbers suggest car sales are acting as a drag on the sector

European stocks fell as turbulence in oil markets undermined risk appetite

In Dublin, Ryanair closes near all-time high amid talk of another share buyback

Isme has called for prudence in the ongoing public-sector pay talks. Photograph: Lauren Hurley/PA Wire

Widening pay gap prompts warning about public sector talks from business lobby group

Central Bank’s chief economist Gabriel Fagan will step down in the fourth quarter. Photograph: Alan Betson

Fagan played key role in shaping bank’s macroprudential policy

“For the first time in the history of our conference, we have a delegation coming from the industry in China,” Pat Lardner, chief executive of Irish Funds said. Photograph: Justin Farrelly

Delegation of top Chinese fund managers at Dublin industry event

Businesses moving goods across the Border face a €100 bill as a result of Brexit. John McNamee is pictured at an anti-Brexit protest earlier this year. Photograph: Dara Mac Dónaill

BDO partner Carol Lynch tells Oireachtas committee of possible compliance headaches

Agri-services group says underlying revenue rose 4.1% to €548m in third quarter

Minister for Finance Michael Noonan speaks with European Central Bank president Mario Draghi in Brussels on Monday. Photograph: Jasper Juinen/Bloomberg

Irish Ministers hold two days of discussions with EIB official in Luxembourg

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