In the case of loans for house purchase, repayments exceeded drawdowns by €2.1 billion over the 12 months to end-April. Photo: Alan Betson/The Irish Times

Household loan repayments exceeded drawdowns by €283 million during April

Retail sales volumes increased by 0.5 per cent last month, and are up 11.9 per cent on an annual basis, according to new figures from the Central Statistics Office (CSO).

Sector with largest monthly increase in April was department stores which rose 11.6%

The ship bringing the Hibernia Networks Project Express cable into Cork

Transatlantic subsea cable the first modern fibre-optic cable connecting North America to Europe in more than 12 years

John Whelan: “As cyber risk becomes more sophisticated, and more prevalent, businesses are exposed to increasing risk to their reputation and their bottom line.”

Cyber risk study conducted by Red C for A&L Goodbody find most firms not fulfilling basic requirements

Among Ireland’s challenges in 2015  were maintaining focus on cost competitiveness. Photograph: Thinkstock

US retains top position out of 61 economies, followed by Hong Kong and Singapore

Dublin heavyweight CRH ended the day down 0.44 per cent at €25.62

Irish shares decline but market open in name only, says Dublin stockbroker

As ground control manager at Airbnb, Dan Skold’s jobs involves making the technology company a cool place to work. “We like to think of ourselves as the ‘ninjas of culture’ and we have a very unique opportunity to shape the direction of this company as it is really taking off.”

From head of mischief to beer brewer we profile some of the coolest jobs among this year’s Top1000 companies

The Keenan Systems mixer. The company develops feeding machines, which are used by thousands of farmers from Canada to China, to give their livestock the optimal mix of food. The machines are connected to the cloud allowing for a real-time feed of information

Ireland’s biggest export is food and some of its largest companies are food-related, offering huge opportunities

IDA CEO Martin Shanahan: a speaker at the Silicon Valley Global Tech Summit. Photograph: Aidan Crawley

Irish tech gathering will also focus on big data, agtech, cloud and changing VC trends

Michael O’Leary chief executive of Ryanair: airline is due to report full-year results. Photograph: Matthew Lloyd/Bloomberg

Michael O’Leary’s airline has raised full-year profit guidance five times this year

Abercrombie & Fitch: results out on Thursday

A round-up of business events happening this week

HSBC, Europe’s largest bank, said it’s exploring the sale of its Brazil operation. Photo: PA Wire

Europe’s largest bank is retreating from unprofitable markets to reduce costs

The National Treasury Management Agency (NTMA) has sold €500 million of six months treasury bills at a yield of - 0.03 per cent. Photo: Eric Luke/The Irish Times

Auction follows last week’s sale of seven-year bonds, which raised €750 million

Peter Sutherland is to retire as chairman of Goldman Sachs International, after 20 years in the role. Photo: Aidan Crawley

Former attorney general will continue to provide strategic advice to investment bank

Clontarf Energy chairman John Teeling. The oil and gas exploration company  reported a loss of £274,196 for 2014.

Chairman says fall in oil price was a further blow to weakened corporate structures

Treehouse co-founder and CEO Ryan Carson speaks on stage at Web Summit sister event Collision, in Las Vegas.

Employees work four-day weeks and voted to remove managers from the company

Phridge Team: winners of the 2014 PCH Hardware Hackathon. photograph: alan betson

Participants will be invited to pitch ideas to the crowd and attract attendees to form design and production teams

While British supermarket chains like Morrisons are struggling with the migration of consumers to discounters and convenience store formats, Greencore’s UK food-to-go business is benefiting from this migration

Greencore group revenues rose over 4 per cent in first quarter of its financial year

Partner lead for the programme Kevin McLoughlin, programme director Sean Duffy and  judging panel chair Anne Heraty. Photograph:  Maxwell’s

The finalists employ more than 5,000 people and generate annual revenues of €1.5bn

US-Ireland Research Innovation Awards 2015: Prof Oliver Dolly (DCU) and Mary E Daly (president of RIA) with Eamonn Sinnott  (president of the American Chamber of Commerce Ireland), Eddie Cullen (from Ulster Bank) and Shawn Murphy from KPMG. Photograph: Aidan Crawley

Xilinx Ireland, Alimentary Health and Dublin City University named overall winners

The number of residential mortgage accounts in arrears of 90 days or less increased between February and March.

Latest data also show rise in mortgage accounts in arrears of greater than 720 days

Irish Ferries owner Irish Continental Group recorded higher revenues and operating profits in the first four months of the year. Photo: Eric Luke/The Irish Times.

Operating profit increases to €4.4m in first four months from loss of €2.3m

FBD group chief executive Andrew Langford  and chairman Michael Berkery. FBD has said trading conditions in the Irish insurance market “remain challenging”. Photo: Eric Luke/The Irish Times

Insurer says continuing uncertainty in the claims environment will impact profitability

 Hibernia REIT non executive director Colm Barrington, chairman Daniel Kitchen, and non executive director,Terence O’Rourke. The property investment company  has invested €445 million in Dublin properties  in the year to March 31.

Company’s portfolio comprised 18 properties and was valued at €636m at year end

David Crowley, managing director of network enablement at Microsoft, says cables will help deliver data at higher speeds, with higher capacity and lower latency for Microsoft customers across the globe. Photograph: Jim Young/Reuters

Software giant aims to have edge over competitors and expand reach of cloud business

Security risk: 61 per cent of firms have policies regarding the cloud, but only a third of employees are aware of them

Survey finds that 53% of workers share work documents and data through cloud services

Taoiseach Enda Kenny says delivery of high-speed broadband to rural Ireland is a key part of ensuring economic recovery reaches every community. Photograph: Eric Luke/The Irish Times

Enda Kenny welcomes Eircom’s pilot scheme in Mayo for high-speed internet connectivity

A National Geographic article presented in Facebook’s new “Instant Articles” format. Photo: The New York Times

Social network launches Instant Articles to speed up load time of news stories

 Drinks group C&C reported revenue growth of 10.3 per cent to €683.9 million for the yeat to the end of February. Photo: Bryan O’Brien/The Irish Times

Drinks group increases revenues despite challenging trading environment in US

Konrad Feldman, co-founder and chief executive of Quantcast, at their Dublin office where they employ 75 people. Photograph: Paul Sherwood

Konrad Feldman’s start-up helps advertisers connect with their consumers

Bottles of Bulmers cider. Some 85 per cent of C&C’s profits come from Ireland and Scotland.  Photograph: Bryan O’Brien / THE IRISH TIMES

C&C pulled out of €1bn takeover talks with British pubs group Spirit

 Sony Pictures Studios in Culver City, California: the company was targetted by hackers in  2014. Photograph: AFP/Getty Images

How cloud computing and social networking expose businesses will also be examined

EasyJet: results on Tuesday

A round-up of other business events happening this week

David Goulden, chief executive of EMC Information Infrastructure: “Eightynine per cent of the Fortune 500 companies from 1955 don’t exist today.”

‘Software is not just about the killer app’ EMC boss tells Nevada conference

“We make it easy for people to see and understand data. We make drag and drop software products that anyone can use. They are applicable to all professions, third-level institutions and companies of all sizes from Google to Facebook to UCD and Bank of Ireland,” said Tableau chief executive and co-founder Christian Chabot

Seattle-headquartered company says new offices will have capacity for 100 employees

Paddy Cosgrave: “We have grown Collision at a faster rate than we ever achieved with Web Summit.”  Photograph:  Eric Luke / The Irish Times

Cork hosting European Tech Summit which will focus on future trends and tech topics

Tractors and excavators work in a stone quarry, operated by Holcim Ltd, in Oberdorf, Switzerland recently.  Holcim’s extraordinary general meeting is taking place on Friday to approve the merger with Lafarge. Photograph: Philipp Schmidli/Bloomberg

CRH has been given go-ahead for €6.5bn acquisition of assets from Lafarge and Holcim

Mark Redmond, chief executive of the American Chamber said:  “The legislation has to be really clear so businesses can understand and implement it.” Photograph: Nick Bradshaw

American Chamber questions if Irish tax incentives will benefit US companies

Audi R8: the company’s results are out today.   Photograph: Ian West/PA Wire

A round-up of other business events happening this week

Smurfit Kappa has appointed chief operating officer Tony Smurfit as group CEO designate. Photo: Brenda Fitzsimons/The Irish Times

Announcement comes as quarterly revenues at packaging group climb by €30 million to €1.96 billion

Facebook Ireland managing director Sonia Flynn said the custom gender option means people in Ireland will be free to define their true gender identity. Photograph: Dara Mac Donaill / The Irish Times

Changes are aimed at giving people more choice in how they describe themselves

An Post has bounced back into the black with an operating profit of €5.9 million last year, compared to an operating loss of €11.4 million in 2013.

Chief executive Donal Connell sees pay packet fall 26% to €286,000

Kerry Group has partnered with IOI Loders Croklaan to form a joint venture  to develop and market the infant nutrition Betapol business. Photo: Dara Mac Dónaill/The Irish Times

Irish food and ingredients company said net debt stood at €1.4 billion at end of March

Ulster Bank has posted an operating profit of £51 million (€70 million) for the first three months of the year. Photograph: Alan Betson/The Irish Times

Bank says weakening of euro relative to sterling had impact on financial comparisons

Malwarebytes founder and chief executive Marcin Kleczynski

The 25-year old CEO of the anti-virus company, which now has its EMEA headquarters in Cork, had made his first million by age 19 (...)

HP executive vice president of global technology and operations John Hinshaw and Taoiseach Enda Kenny, pictured in 2013 at the announcement of the construction of the new innovation centre  at Ballybrit in Galway.

New Ballybrit centre will house 700 engineers, consultants and support staff

Anxiety disorders are the most common mental illness in the US, affecting some 40 million people at a cost of more than $42 billion (€38.6 billion) a year, according to the Anxiety and Depression Association of America

Anxiety management programmes offer interactive, secure content that includes activities, tools, videos and reflective exercises (...)

Manor Farm Chickens is one of Europe’s largest fresh chicken producers, producing more than 850,000 fresh chickens weekly

Three-year deal involves installation and management of network across three sites

Development Securities has been working with Irish developer Johnny Ronan. The two agreed to buy a key site beside the former Burlington Hotel for €40.5 million last year.

Property development firm reports £11.2m increase in value of its investment portfolio

 Bank of Ireland has said that the group’s trading during the first four months of 2015 has been in line with its expectations. Photo: Bloomberg

Bank says loan volumes grew to €85bn in April, up from €82bn at the end of 2014

The sale of the shares to Constellation means Paddy  McKillen  and the Barclay brothers  are dropping all action over the ownership of the three hotels. Photograph: PA

Constellation Hotels says developer will continue to direct and develop the assets

Bank of Ireland was the standout stock on the Dublin market on Monday, according to one analyst. The bank’s shares  finished at 36 cent

Bank of Ireland surges 6.6 per cent, while Permanent TSB shares jump 7.8 per cent

Fitch said the business transformation and stabilising revenue outlook in Eircom  “is a significant achievement in a sector where top-line declines and margin pressure remain a risk. Photograph: Eric Luke/ The Irish Times

Telecoms company has transformed operations, says Fitch

Apple is expected to report good growth driven by iPhone sales, with the iPhone 6 and iPhone 6 Plus both a success. Photograph: David Paul Morris/Bloomberg.

Apple takes centre stage with iPhone sales driving up their profit margins

A generic form of the drug Plavix sits on crates at a Mylan Pharmaceuticals distribution centre. The drug maker Mylan has offered to acquire Perrigo for about $29 billion in what would be the latest mega-merger among drug makers if it is completed. Photograph: Travis Dove/The New York Times

Speculation that Teva would make bid for US pharma giant drives value up

MedColl founder Roz Martin, who says the company is supplying approximately 250 pharmacies across Dubai, Abu Dhabi and other cities in the UAE

Irish biotechnology firm will supply its skincare and anti-aging supplements into UAE, Lebanon and Iraq

Twitter: results out tomorrow.  Photographer: Andrew Harrer/Bloomberg
For Your Diary

A round-up of business events happening this week

€16.8 million was secured by the Revenue Commissioners and €1.3 million by credit unions. Photograph: Joe St Leger

Value of judgments against struggling customers rises by 56% on last year

CRH closed up 2.8 per cent at €26.55, following the announcement that regulators had cleared its planned €6.5bn purchase of assets from Holcim and Lafarge. (Photograph: Brenda Fitzsimons)

Upbeat economic data boosts European shares; even Greece benefits from lift

The European Commission has approved CRH’s planned €6.5 billion purchase of assets from rivals Holcim and Lafarge.

Sale of €6.5 billion assets was a condition for Swiss and French companies to merge

The Hong-Kong division of CompareAsiaGroup is headed by Irish entrepreneur Alister Musgrave. CompareAsiaGroup has raised $40 million in venture capital funding.

Investment will be used to expand financial comparison site CompareAsiaGroup

The top 14 hardest to fill IT roles include computer programmers, computer support specialists, software engineers (applications), network systems analysts and mathematical technicians

ICT-related jobs account for more than a quarter of ‘hardest to fill’ roles

GameAccount Network chief executive Dermot Smurfit and chief financial officer Desmond Glass.

GameAccount Network chief executive Dermot Smurfit says company has made ‘extraordinary progress’ in US

Mark Redmond, chief executive of the  American Chamber, says 700 US companies employ 130,000 workers in Ireland. Picture Nick Bradshaw

Joint initiative between American Chamber of Commerce and Royal Irish Academy

Hopes of more easy money from top central banks pushed Japan’s Nikkei index past 20,000 points for the first time in 15 years

World markets climb on hopes of more easy money from top central banks

 Eirgrid’s John O’Connor: “East West Interconnector, which brought significant benefits during its first full year in operation.”

State-owned energy company had pre-tax profits of €44.2 million and underlying profits of €18 million

Siobhan Talbot, who took over as group managing director from John Moloney in November 2013, took home a pay packet of €1.6 million last year

Food group paid four top executives a combined pay packet of €4.22m last year

With CRH’s acquisition of Holcim-Lafarge assets dependent on a merger, the Irish company’s shares increased 2.9 per cent to €24.98.

German industrial output higher than expected and oil rebounds

Piero Tintori, CEO and founder of TerminalFour. “The US is by far the biggest opportunity for us. There are 4,000 universities in the US”

Irish technology firm helps third-level institutions engage with students better online

The event will see participants pitch their start-up ideas and receive feedback from peers

Sean Hayes managing director of MTD Precision Engineering  and Dr Leonard O’Sullivan, senior lecturer  of ergonomics and human factors at the University of Limerick.

Exoskeletons will aid older adults in carrying out daily tasks, and participating in activities

IDA Ireland chief executive Martin Shanahan said financial services continues to be a high growth sector in Ireland. Photo: Alan Betson/The Irish Times

Roles will be in areas of financial technology, project management and administration

Passenger numbers at Aer Lingus rose last month on the back of an increase in long haul traffic. Photo: Aidan Crawley/Bloomberg

Overall Aer Lingus passenger traffic in year-to-date is down almost 1 per cent

Tiago Mascarenhas, co-founder of English language school Seda College

Small Business Inside Track Q&ATiago Mascarenhas, co-founder of English-language school Seda College

Eircom has refunded more than 11,600 customers for loss of service last year. Photo: Frank Miller/The Irish Times

Telecoms firm agrees out-of-court settlement with industry watchhdog ComReg

Aidan Brogan, chief executive of travel software firm Datalex: ‘Airlines will become more like retailers, selling more products to consumers.’ Photograph: Cyril Byrne/The Irish Times

Aidan Brogan knows his travel software firm needs to constantly stay ahead of rivals

Intel is seeking to encourage a new generation of women to take up careers in science and technology, be offering scholarships for STEM courses. Photo: Alan Betson/The Irish Times

Programme will see monetary grant of €2,000 per annum given to selected scholars

Kennedy Wilson and Nama  to develop Capital Dock - 313,000 sq feet of office space and 204 apartments in Dublin’s south docklands.

Development will include 313,000 sq feet of office space and 204 apartments

Sony agreed to sell half its stake in Olympus to fund strategic investments, just two years after the Japanese companies formed a medical-device venture.

CEO says he wants electronics maker to move into health-care equipment

From left: Pointy co-founder Charles Bibby, AIB head of technology, media and telecoms banking John O’ Dwyer, Donnybrook Bikes founder Andrew Verbovsky, Frontline Ventures partner Will Prendergast, and Mark Cummins CEO and co-founder of Pointy. Photo: Colm Mahady/Fennells.

Dublin-based start-up aims to help retailers keep €3.6 billion in online sales in Ireland

Amárach research on behalf of FujiFilm Ireland found that of the 43 per cent of people who print their photos, 53 per cent print them straight from their camera. Photograph: Frank Miller

Google vice-president warns of digital ‘Dark Age’ when technology becomes outdated

AIG has completed the acquisition of Irish health insurance provider Laya Healthcare, for an undisclosed sum.

Multinational insurance company is aiming to grow its health business in Ireland

IDA chief executive Martin Shanahan said the Dundalk centre has the sole responsibility for delivering Prometric’s business services to its European customers. Photo: Alan Betson/The Irish Times

US testing company to invest €1 million in research partnership with DCU

Glanbia managing director Siobhan Talbot. Glanbia has sold its stake in Nutricima for a cash consideration of £21 million (€29 million).

PZ Cussons acquires Glanbia’s 50 per cent stake in Nigeria-based venture

A file image of bankrupt property developer Sean Dunne  (right)  with his attorney James Berman outside the Federal Court in New Haven.

Bankruptcy trustee seeking to secure assets Dunne is alleged to have transferred to wife

  Manufacturing technicians at Intel’s Clean Room in Fab 24 at Intel’s manufacturing facility in Leixlip. Irish manufacturing firms registered a further strong improvement in operating conditions during March. Photo: Alan Betson/The Irish Times.

Latest Investec PMI shows strongest rate of increase in job creation since May 1998

Investors were today booking profits on car stocks, the sector which has risen the most since the start of the year. BMW fell 1.3 per cent. Photograph: Michaela Rehle/Reuters

ECB’s quantitative easing programme prompts investments in euro zone shares

 Dublin-based asset management firm Kleinwort Benson Investors (KBI) has posted a threefold increase in operating profits to €7.4 million. Photo: Bloomberg

Dublin-based asset management firm grew its 2014 revenues to €24.6m

Retail Sales have increased by 8.2 per cent on an annual basis, but fell 0.2 per cent on a monthly basis.

Sector with the largest monthly decrease was department stores which fell 2.1 per cent

 Life insurance companies in Ireland are among the least exposed to interest rate risk, according to Moody’s Investors Service. Photo: Bloomberg

Moody’s said insurers’ investment returns will continue to fall for many years

Nora Khaldi and Emmet Browne of Dublin-based bioinformatics company Nuritas.

Dublin-based start-up uses big data techniqiues to analyse the composition of food

Kevin Holler and Thomas Cullen, founders of Shake, raised €50,000 from family, friends and former colleagues to get the site off the ground.

Irish online network takes emphasis off CVs and asks users to create profiles

 Yahoo chief financial officer Ken Goldman, Taoiseach Enda Kenny and Patrick Scully, managing director of Yahoo EMEA at the opening of the new Yahoo offices in  Dublin. Photo: Dara Mac Dónaill/The Irish Times

78,000 sq-foot offices have capacity to see internet giants’s Irish workforce increase to 450

Brian O’Cathain, chief executive officer, at  Petroceltic. The explorer has agreed with its partner to withdraw from the Dinarta licence in Kurdistan region of Iraq.   Photo: Dara Mac Dónaill/The Irish Times

Decision made in light of the current low oil price and a lack of conclusive well results

Lagan Brick is to create 30 new jobs in Kingscourt in Co Cavan, as a result of the upturn in the Irish and UK construction markets.

Jobs will be located at the company’s old facility, which closed in December 2011

Central Bank director of consumer protection, Bernard Sheridan, said the bank was committed to continually improving the regulatory framework. Photograph: Matt Kavanagh

Netherlands authority report says bank could do more to ensure consumers are fairly treated

First Derivatives chief executive officer Brian Conlon said ActivateClients is a low-risk, earnings-enhancing acquisition. First Derivatives has acquired ActivateClients for €4.75 million. Photo: Dara Mac Dónaill/The Irish Times.

Acquisition will provide First Derivatives with complementary software products

Datalex chief executive Aidan Brogan said 2014 was a year of continued performance and growth for the company. The Irish travel software firm reported a 69 per cent increase in profit after tax to US$2.7m for 2014.

Irish travel software firm posts 9% rise in revenues on back of new customer wins

DocuSign founder and chief strategy officerTom Gonser. The electronic-signature software company DocuSign is to expand its presence in Europe with the opening of a Dublin office.

Identity theft and data risk management company IDT911 announces 60 jobs in Galway

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