Stephen Wheeler, managing director of SSE Airtricity. “Our model can’t just be about selling electricity, it’s actually providing an essential service to our customers.” Photograph: Cyril Byrne

Joining forces with State forestry company Coillte, SSE Airtricity says €240m will be invested in Galway development

Nama: says controversy over payment is peripheral to the agency and only really concerns the relationship between the advisers who worked for Cerberus. Photograph: Cyril Byrne

Analysis: Brown Rudnick helped Pimco and Cerberus in Project Eagle bids

 Nama chairman Frank Daly and CEO Brendan McDonagh arriving at the Public Accounts Committee in Leinster House, Dublin. Photograph: Dara Mac Dónaill/The Irish Times

Pimco approached agency before Cushnahan’s resignation

Nama chairman Frank Daly (left) and chief executive Brendan McDonagh  yesterday. Photograph: Dara Mac Dónaill

US fund manager did not want to exit sale, Nama chairman Frank Daly tells committee

Nama chairman Frank Daly and Brendan McDonagh, former director at the National Treasury Management Agency arriving for the Oireachtas Banking Inquiry. Photograph: Gareth Chaney Collins

PAC investigates claims almost €10m in offshore account was intended for politician

Nama chairman Frank Daly who told the Public Accounts Committee any money based in an offshore account did not come from Nama.

Nama says ‘no undue political influence’ in Project Eagle sale

Nama sold €5.6 billion worth of loans against northern Irish properties to Cerberus for €1.7 billion in June 2014. The US fund hired US lawyers Brown and Rudnick, along with  Northern Irish firm Tughans, as advisers. File photograph: Cyril Byrne/The Irish Times

Agency ‘very confident . . . we achieved the maximum value for the Irish taxpayer’

Independent TD Mick Wallace. He claims that £7 million found in an Isle of Man bank account during an audit of Belfast law firm Tughans, which advised Cerberus, was destined for a senior Northern Ireland politician

Investment firm disputes explanation for its withdrawal from bid

Tourists on a jaunting car through Killarney National Park: Ireland is the seventh most recalled holiday destination by British people. Photograph: Sally MacMonagle

Tourist Confederation cites 40% drop in marketing in seven years, despite increased competition

Marie Hunt, CBRE head of research: said   16 office schemes were under construction in Dubin at the moment,  opening the opportunity for pre-letting space.

126 offices leased in capital in first six months of year, 26% more than in first half of 2014

Bray Wanderers lost its second manager this year when Trevor Croly announced at the weekend that he was leaving the club. File photograph: Cathal Noonan/Inpho

Shareholders fear plans to move from home ground and redevelop Carlisle

Eircode has two elements: a three-figure ‘route key’ number and a random, four-digit mix of letters and numbers that pinpoints the address.

‘Non-unique’ addresses render other systems inappropriate, says Liam Duggan

PAC chairman John McGuinness. Photograph: David Sleator

TD’s claims of €10m intended for figures linked with Nama sale to be investigated

Ryanair chief executive Michael O’Leary attends a new conference in Copenhagen.

Airline to move its one Copenhagen-based aircraft to Lithuania in protest at ruling

While there is no direct right of appeal from the Danish labour court, Ryanair has lodged its own claim against the unions. Photograph: Alan Betson

Ruling allows industrial action against the Irish airline at Copenhagen airport

Denmark’s labour court has ruled that the country’s trade unions can take industrial action against Irish airline, Ryanair.

Unions are objecting to the fact that crew on Ryanair aircraft are employed under Irish law

Postal code system: Gary Delaney of Loc8 warned the Global Address Data Association effectively identifies Eircode as a disaster that will make the Republic a laughing stock. He argued Eircode has no value for ordinary citizens as it will not be possible for them to use it to identity localities.  Photograph: Peter Thursfield

New post code system fails to meet basic requirements, industry expert says

Bookmaker Ladbrokes Ireland’s parent’s rescue plan for the troubled business has trumped alternatives proposed by rival Boylesports and others.

Proposal trumps rival offer from Boylesports

Ryanair: says  no evidence to support claims that its employment practices are bogus or atypical and describes statements by various individuals as misleading or unfounded. Photograph: Alan Betson/The Irish Times

European Parliament committee hearing told of complaints about employment terms

The share sale will dilute Denis O’Brien’s holding in Digicel, but the flotation document indicates that he will keep control of the business. Photograph: Dara Mac Dónaill

Denis O’Brien received $1.1bn in dividends from mobile phone business over three years

Denis O’Brien: he founded Digicel  in Jamaica in 2001, the company has grown across the Caribbean, central America and the south Pacific. Photograph; Dara Mac Dónaill

Tougher competition and technology changes pose threat to business

Digicel Chairman Denis O’Brien

Company has just filed documents with US markets regulator

Fans at a Bray Wanderers match in the Carlisle Grounds, The offer is likely to feed speculation that the grounds could be in line for development.

O’Connor writes to shareholders offering to buy them out

IAG last week formally announced its offer for Aer Lingus, valuing the airline at €1.4 billion

Commission’s competition directorate extends deadline on its current inquiry

Trading up: The Gulfstream G650ER has a list price of €60 million and a range of about 11,800km

Businessman understood to have ordered aircraft with €60m list price

Paddy Doherty has been chief executive of Dublin Bus for five years and has spent four decades in total with the company

HR manager Ray Coyne to takeover in lead role

EU Commission raises concerns over IAG  €1.4 billion  bid for Aer Lingus.

Issues over landing rights and transatlantic routes could delay IAG deal

The group, controlled by Irish businessman Paul Coulson, said in April it was considering floating the division. Photograph: Frank Miller

Group aims to raise €2 billion in equity and debt

Minister for Enterprise Richard Bruton: said the EU had yet to publish its proposals. Photograph : Matt Kavanagh/The Irish Times

Some groups are concerned that deal could provide for investor-state dispute settlement

The loss-making Ladbrokes Ireland plans to close 60 of its 196 betting shops and cut 250 of its 840 jobs under a rescue plan. Photograph: Cyril Byrne

Lack of information putting chain at disadvantage, court told

Tattersalls chairman and chief executive Edmond Mahony is optimistic that this year’s Derby Sale will beat the €14.7 million turnover of 2014 Tattersalls chairman and chief executive Edmond Mahony is optimistic that this year’s Derby Sale will beat the €14.7 million turnover of 2014

Edmond Mahony is looking forward to a bumper crop at this year’s Derby Sale

Preliminary bids for the South Korean Tongyang Cement & Energy group are expected today and reports have suggested that CRH will  be among the suitors

Rumours of CRH bid for South Korean energy group see shares rise 2.9%

Ryanair chief executive Michael O’Leary. Ryanair is preparing for a second, long drawn out legal battle with the UK Competition and Markets Authority

UK regulator says Ryanair must reduce 29.8% stake in Aer Lingus to 5%

In April 2012, the Central Bank suspended Marketspread’s licence for three weeks, citing concerns over audit and capital adequacy

SFS Markets sold business to Monecor Ltd, which trades as ETX, in July 2014

Setanta has 15 other such cases pending against pubs that have been screening sports events for which it has the broadcast rights without a commercial contract. Photograph: Eric Luke

Court awards broadcaster almost €7,000 for loss of royalties against Tipperary pub

Three divisions of the construction and engineering group joined forces to make the bid

Simon Barry of Ulster Bank: “Activity rose sharply again last month with the headline PMI index accelerating from 57.2 to 63.3”

Bank’s construction index hit 63.3 in May, the highest growth since November

Taoiseach Enda Kenny after announcing the building of the power station in Killala, Co Mayo, with  Gerald  Crotty of Mayo Renewable Power. Photograph: Maxwells

Construction of €180 million electricity generating facility will create 350 jobs

Openjaw’s Kieron Branagan said his company’s technology will allow the group to boost sales of ancillary products, such as hotel rooms. Photograph: Shane O’Neill/Fennells

Openjaw has recently signed up Hong Kong flag carrier Cathay Pacific and Hainan Airlines as customers for its technology

The North’s Minister for Employment and Learning, Dr Stephen Farry:  “Employers will be central to the success of our new apprenticeship system.”

Part of employment and training scheme with employers and colleges in the North

Under a rescue plan being prepared, Ladbrokes Ireland plans to close 60 of its 196 betting shops and cut 250 of its 850 jobs. Photograph: Cyril Byrne

UK firm may have expressed interest since Ladbrokes went into examinership

Irish Rail received €117 million in public-service payments in 2014. Photograph: Aidan Crawley

Group running Bus Éireann, Dublin Bus and Irish Rail earned €9.8m surplus

In London, Royal Mail fell 4.9 per cent after chancellor of the exchequer George Osborne said the state would sell its 30 per cent stake in the postal operator. Photograph: Leon Neal/AFP/Getty Images

US stocks fall amid mixed data showing employment rising but productivity dipping

Boylesports chief financial officer Michael Bent says the lack of information and tight deadline imposed for the final offer do not prejudice Ladbrokes UK, which he says is bidding against his company. Photograph: Joe O’Shaughnessy

Court due to hear Boylesports’s full challenge to Ladbrokes Ireland’s examinership

Boylesports signalled early in the examinership process that it was interested in bidding for the entire Ladbrokes chain in the Republic

Bookmaker launched bid for troubled rival last month

Fitzwilliam said that it would continue to develop both Arnotts itself and the surrounding properties as market conditions improve.

Fitzwilliam Finance Partners to acquire US group Apollo’s 50% stake

British Airways and Aer Lingus jets pass each other at Dublin airport. Photograph: Niall Carson/PA Wire

To bag Aer Lingus, IAG boss Willie Walsh manoeuvred through the many competing demands of Irish stakeholders

O’Leary meeting investors in Europe and US who are believed to favour a sale

IAG chief Willie Walsh stressed he was confident that Ryanair would seriously consider his group’s deal. Photograph: Dara Mac Dónaill

UK’s competition regulator expected to allow sale of Aer Lingus stake to IAG

International Consolidated Airlines’ Group (IAG) chief executive, Willie Walsh: There is an “expectation that the Ryanair board will give our offer due consideration”.

Airline’s 29.8 per cent gives it key to deal

Willie Walsh, CEO of IAG: The group also said the Aer Lingus service from Knock Airport to Gatwick would be maintained. Photograph: Aidan Crawley/Bloomberg

Group’s bid includes pledges on Heathrow links and boosting State’s three airports

 Aer Lingus: It is not clear yet whether the deal will mean lower fares for consumers.  Photograph: Peter  Muhly/AFP/Getty Images

The potential impact of takeover by IAG on consumers remains unclear

Despite late assurances by Aer Lingus that it did not envisage compulsory redundancies or outsourcing, the company’s two main unions will opose the deal. Photograph: The Irish Times

National carrier unions, Impact and Siptu, to oppose IAG offer despite assurances on jobs

Ryanair has launched three unsuccessful bids to take over its smaller rival during the last nine years.   Photograph: Andrew Yates/Reuters

Shareholder is locked in legal battle with UK competition regulator

Ryanair’s chief marketing officer Kenny Jacobs and chief commercial officer David O’Brien announce the airline’s end-of-year results.Photograph: Cyril Byrne/THE IRISH TIMES

Airline makes €867m in 2014 and carries more than 90m passengers

Etihad has said it will accept offer

Biggest shareholder Ryanair will weigh offer on its merits

Aer Lingus bid hinges on the airline’s Heathrow slots

Cabinet to discuss possible sale

Willie Walsh, CEO of IAG, which is on the cusp of finalising its bid for Aer Lingus

Group is led by former Aer Lingus chief executive Willie Walsh

 Ken Fennell of Deloitte: the privately owned Boylesports has approached Mr Fennell and is in talks with him regarding an alternative plan

Irish bookmaker has approached examiner with alternative plan for loss-making chain

The High Court heard that Irish law only permits third-party funding of a court case where there is some form of connection between the litigant and whoever is putting up the money

Persona and Sigma Wireless, with third-party funding, suing State and Denis O’Brien

IAG chief executive Willie Walsh

Government decision is still thought to be weeks away

Ormonde chairman Mike Donoghue  welcomed the result. “We can now move forward with a comprehensive funding package into the development of Barruecopardo as an important tungsten mining operation,” he said.

Barruecopardo tungsten mine to be transferred to new joint venture

The Cabinet is likely to wait until after Friday’s referendums and the Carlow- Kilkenny byelection before deciding on a sale of the State’s Aer Lingus shares but sources say  it could take several weeks before the Government makes its views known. Photograph: Alan Betson

IAG willing to pay €1.36bn if the State and Ryanair agree to sell their respective stakes

Cityjet said on Monday that it is cutting the two services from June 30th after Cardiff Airport’s authorities decided to support another airline to fly the routes in direct competition with the Dublin-based carrier.

Irish airline says authorities favour one airline over others

PwC tax partner  Ronan Mac Nioclais has suggested local authorities have granted fewer planning permissions so far in 2015 than during third quarter of 2014

More than 60% of firms report finding it difficult to find backing

 Commission chairwoman Isolde Goggin: searches are part of an ongoing investigation that is expected to take some time. Photograph: Eric Luke/The Irish Times

Inquiry focuses on charge of abusing a dominant position

Galway-based Ward & Burke has operations in the Republic, Canada and Britain and specialises in sanitary and water services, for which it designs and builds treatment plants, tunnelling and pipelines. Photograph: David Sleator/The Irish Times

Galway-based firm sees sales rise 37% thanks to growth in Canadian and British businesses

Deloitte’s Ken Fennell was appointed examiner by the High Court for the Ladbrokes restructuring.

Firm is seeking to surrender about one-third of its leases in Republic

A Ladbrokes spokesman said the process is about building “a sustainable business in Ireland and protecting jobs”.

Group wants to close up to 60 of its 196 betting shops

Paddy Power said strong top-line growth offsetunfavourable sports results

Listed bookie said revenue growth helped offset margin pressures at start of year

Ormonde Mining chairman Mike Donoghue managing director   Kerr Anderson said the board does not believe  the Almonty proposal is credible.

Ormonde Mining resisting overture

Ormonde’s tungsten mine at Barruecopardo, near Salamanca, in western Spain.

Board claims Canadian group undervaluing company

Walls Construction completed €50 million worth of private hospital work for the Mater and Blackrock in Dublin

Walls Construction spun out from holding company and on track for €100m turnover

More than 550,000 equities in building materials giant CRH changed hands in Dublin

Shares in London slide as rally on back of Conservative victory peters out

Colm Barrington, Fly Leasing’s  chief executive, described the results as strong. He noted that the airline industry is growing.

Revenues in first three months grew 34%

Ardagh was vying with a number of private equity giants to buy St Gobain’s European glass-making unit, Verallia

Analysts say indebted group shows evidence of more financial discipline

Aer Lingus: the airline  cut the number of seats available on all its services by 6.6 per cent in April, which a spokesman said was one of the traditionally slower months for travel and was designed to preserve profitability. Photograph: Paul Faith/AFP/Getty Images

Fall occurred in short-haul services while transatlantic rose

Albert Manifold, chief executive of CRH, at the company’s agm in Dún Laoghaire, Co Dublin. Photograph: Jason Clarke

CRH chief executive hopeful Holcim shareholders will vote to merge with rival Lafarge

Mr Mueller took over as chief executive of south-east Asian carrier, Malaysia Airlines, last week Photograph: Bloomberg

Former Aer Lingus chief executive has left two State boards in recent days

Aircraft lessor’s fleet valued at €5 billion according to latest results

 Minister for Finance Michael Noonan: said  Freedom of Information documents released to The Irish Times showing tensions between his department and IBRC illustrated that his officials were doing their job. Photograph: Eric Luke/The Irish Times

Solicitors say Department of Finance release of material a ‘serious attack on an internationally and highly experienced banking (...)

Paddy McKillen has been fighting for five years over the ownership of Claridge’s (above), The Berkeley and The Connaught hotels

Qatari investors allied to Irish developer Paddy McKillen acquire interest for €1bn

Siteserv subsidiary GMC/Sierra was one of three companies awarded contracts for the installation of water meters for Irish Water. Photograph: Colm Mahady/Fennells

Business was founded in 2006 to provide services for building sites

Former IBRC chairman Alan Dukes has contradicted the Government’s account to the Dáil of how it dealt with the issue. Photograph: Bryan O’Brien

Background to the sale of the indebted firm to Denis O’Brien – and what happens next

The Berkeley hotel in London, one of three luxury properties where ownership has now been resolved Photograph: Bloomberg

Move signals end of dispute with developer Paddy McKillen

Brent geese over Booterstown marsh. Paddy McKillen snr bought the 4.9-acre site next to the protected marsh  last autumn for about €1 million, making him the latest in a succession of owners.   Photograph: Cyril Byrne

Developer likely to press ahead with plan for controversial Dublin Bay site despite setback

Eugene O’Callaghan, fund director, of  the Irish Strategic Investment Fund (ISIF) expects it to commit between €500 million and €1 billion to projects in the Republic this year.

Director says pipeline is “strong and growing”

Ladbrokes was still paying bubble-era rents in an economy just emerging from a recession.

It had been known for some time that the bookmaking operation was under pressure

Ladbrokes branch in Irishtown, Dublin: the betting chain lost €5 million in 2014.  An examinership, focused solely on its betting shops in the Republic, is likely to run for the full 100 days allowed by law. Photograph: Niall Carson/PA

Betting chain may have to cut 250 jobs and close 60 of its 196 betting shops in Republic

Bookmaker Ladbrokes Ireland, is seeking High Court protection from its creditors and warns it will have to cut jobs in a bid to rescue the loss-making business.

Bookmaker warns of job losses as it seeks to rescue its loss-making business

Irish-based helicopter leasing specialist, Waypoint, said on Monday that it has bought more than 100 craft and placed them with clients, less than two years since it was launched.

Limerick firm has 13 clients operating in 22 countries

Cityjet has forged a partnership with Dublin-based aviation training company, Simtech, to train in its new pilots.

Airline strikes training deal with Simtech

Dublin Airport Authority said extra spaces are needed to cope with the significant growth in traffic at Dublin Airport over the last three years

Terminal Two short-term car park to double in size to cope with demand

 Transaero Engineering Ireland launched in 2012 – pictured at the launch were  executives Alexander Krinichanskiy, Joseph Millar and William McGonagle

Former Siteserv executive Patrick Jordan has acquired the aircraft maintenance group

Aer Lingus shed some of the gains it made on Thursday on the back of reports the Government was close to agreeing to sell the State’s stake to  IAG. Photograph: Alan Betson

Two-hour blackout at data provider Bloomberg hit markets around the world

Ryanair plans to appeal the original ruling to the British supreme court. Photograph: Simon Dawson/Bloomberg

Competition authority has refused Ryanair’s call for a formal review of its 2013 ruling

Minister for Transport Paschal Donohoe said he expected the talks to conclude within weeks. Photograph: Peter Muhly/AFP/Getty Images

Government and airline group still divided over Heathrow slots

Luxor Investments  are challenging Goldman Sachs and an associate, Beltany Properties’ rights to appoint a receiver over a number of assets, including the Radisson Blu Hotel on Golden Lane in Dublin.

Luxor Investments challenging Goldman Sachs over Radisson Blu Hotel

Racecourse expects festival attendance to beat last year’s record

Airport reports passenger numbers up 17 per cent to 4.7 million in the first three months of the year

More articles