Martin Shanahan, the chief executive of IDA Ireland, says the State agency will soon begin negotiations with banks and other companies located in the UK that may want to relocate to Ireland following the Brexit vote.

Agency to begin negotiations with companies located in UK that may want to relocate

Mark Redmond declined to speculate on a possible FDI pick-up for Ireland. Photograph:  Nick Bradshaw/The Irish Times

American Chamber to consult with members and ‘communicate’ with Government

Martin Shanahan said the IDA would be engaging with client companies. Photograph: Alan Betson / The Irish Times

Strategy should not be aggressive, one former IFSC grandee warns

The Ryan family’s Irelandia Aviation group is already an investor in VivaColombia and VivaAerobus in Mexico. It is now looking at other South American markets.

Irelandia Aviation managing partner hopes to start new airline in country next year

Nama chief financial officer Donal Rooney will replace Cormac Ó Tighearnaigh, the former Jurys hotel executive who announced his intention to step down in February, at Amaris.

Rooney will take over as Amaris Hospitality’s chief financial officer in September

 A television monitor displays news of the Brexit vote on the floor of the New York Stock Exchange: financial markets are bracing for the outcome of Thursday’s historic UK referendum. Photograph: Drew Angerer/Getty Images

Banks among best performers on Iseq with Bank of Ireland surging nearly 6 per cent

John Lewis has been eyeing up Ireland for several years, and the deal with Arnotts gives the group a beach-head for any future foray into the local market

Section of the Arnotts shop in Henry Street to change to John Lewis

 JP McManus  has asked a US court to disallow as evidence a letter sent from Revenue to its US counterpart, the Internal Revenue Service (IRS). File photograph: Dara Mac Donaill/The Irish Times

Limerick man accuses US tax authority of misrepresenting rules and making up facts

Walsh Whiskey Distillery founder Bernard Walsh at the opening of the distillery at Royal Oak, Co Carlow. Photograph Nick Bradshaw

Walsh Whiskey Distillery aims to attract 75,000 visitors each year to tour its facilities

You want the word about unwanted harassment to be heard by men? Then do it through other men.

Tommy Breen, CEO of DCC. Photograph: Dave Meehan/The Irish Times

The cautious boss of DCC took a flutter on Jim Flavin’s company and signed on – and has never looked back

 Teeling Whiskey Distillery and visitor centre in The Liberties, Dublin 8. Photograph: Conor McCabe

Annual sales of the good stuff are expected almost to treble over the next decade

Eir incurred €4.1 billion of gross debt through five ownership changes before filing the country’s biggest ever examinership, or bankruptcy protection petition, in 2012

Move would afford Eir vital breather to continue restoring revenues before flotation

The wind farm on Arklow Bank in the Irish Sea: the Government is signing an agreement with nine European countries. Photograph: David O’Brien

Lobby group says Ireland in ‘parlous’ state over meeting renewable energy targets

BAM obtained final planning permission in recent weeks for eight-storey hotel, which would be Denis O’Brien’s first involvement in hotel development in Dublin. Photograph: David Sleator

Development is proposed for part of site where 200-bedroom hotel is being constructed

Documents filed by  Shd Company say the €7.5 million loan from Bank of Ireland will be used to finance the construction of housing estates in Swords and in Blackrock, Co Louth

Firm linked to Shannon Homes plans to build Dublin and Louth housing developments

In many cases, Ulster Bank has already taken enforcement action against the borrowers Cabot is going after

High-profile property investors pursued by firm, which bought bank loans portfolio in 2015

Debenhams on Henry Street, Dublin, formerly Roches Stores. The Debenhams examinership case is due back in court in less than two weeks.  Photograph: Eric Luke

The Dublin store’s examinership case is due back in court in less than two weeks

A glut of retail and commercial developments were constructed in Drogheda during the boom, including Southgate and also Scotch Hall (pictured)  leading to fierce competition among landlords to sign up tenants.

Top Dublin law firm hired over Southgate development

Dublin heavyweight CRH fell almost 0.9 per cent

Irish heavyweights CRH, Smurfit Kappa and Glanbia help to drag down Iseq

Brian O’Cathain, chief executive at the Petroceltic EGM in 2015. Photograph: Dara Mac Dónaill

Group of staff in energy exploration company reject latest examinership proposal

Jerry Beades, of the New Land League, talks to the media at Gorse Hill in Killiney, Co Dublin. Photograph: Eric Luke

Activist is taking legal action against all central bankers and central banks in the euro zone

Avondale in Co Wicklow: Coillte is interested in  proposals from possible private sector partners for its assets, including Avondale, the birthplace of Charles Stewart Parnell. Photograph: Cyril Byrne / The Irish Times

Forestry company in talks with Parnell Society as profits rise 63% to more than €47m

The Debenhams store on Henry Street, Dublin. Photograph: Eric Luke/The Irish Times

Retailer rows with family over examinership application

Brian O’Cathain of Petroceltic International  at its EGM last September. Photograph: Dara Mac Dónaill

Worldview Capital to gain full control for cash payment of $7.8m

Recent figures from the DPP, released under the Freedom of Information Act, show barristers in private practice were paid €14m by the State last year to prosecute cases, an increase of 4.6%. Photograph: The Irish Times

Move follows claim for higher fees by solicitors and counsel dealing with legal aid cases

 Maxol is  examining the possibility of expanding its Moreish deli chain into so-called “dry sites” – traditional retailing locations not located on garage forecourts. Photograph: Peter Houlihan

McMullan family working with independent food operators such as Supermac’s

 Ryanair: A day after reporting positive results, the budget airline was easily the most heavily traded stock on the day, with almost €120 million changing hands, twice that of the next stock, CRH. It finished up 2 per cent. Photograph: Rui Vieira/PA Wire

Strong Iseq performances, especially from Ryanair, keep the index well in the black

 Peter and  Mary Jones of Orwell Healthcare: “It is a business, but it is a passion too. There are easier lifestyles than this, easier businesses we could run.” Photograph: Nick Bradshaw

Peter and Mary Jones sacrificed their home to fund their €15m nursing home

Cormac Pettitt, managing director  of the Pettitt Group: “You think each year the competition is going to ease off a bit but it is actually getting even more competitive. You will see more price cuts in the market this year.” Photograph: Patrick Browne

Hotels and supermarkets are core of business empire that refused to fall for boom-time folly

Aaaron Eckhart as Nick Naylor, a tobacco industry lobbyist in ‘Thank You for Smoking’

Ireland’s nascent lobbying regime is generally seen as robust

Vodafone launched quad play services - phone, television, mobile and broadband - in the Irish market in January.

World’s second-largest mobile phone operator reported full-year revenue of £41 billion

Petroceltic chief executive  Brian O’Cathain: “There ought to be a way to protect shareholders from assets being expropriated like this.” Photograph: Dara Mac Dónaill

Worldview not having to disclose ultimate owners ‘unfair’ for investors – Brian O’Cathain

Chief executive of Dublin Chamber of Commerce Gina Quin is to leave the chamber in the summer to take on a top role at the National College of Ireland. Photograph:  Brendan Duffy

Business lobbyist to leave Dublin Chamber of Commerce after over 15 years as chief

‘Remain’ campaigners carry placards during British prime minister David Cameron’s speech on the referendum on the UK’s EU membership  in Witney, Britain. Ictu is to launch its campaign against a Brexit. Photograph: Will Oliver/EPA

Body warns of job losses and an impact on living standards if the UK votes to leave EU

Bewleys on Grafton Street: due to reopen after a facelift but the outpouring of grief for the perceived demise of the cafe was as if someone had publicly drowned a litter of Labrador puppies.  Photograph: Dara Mac Dónaill

Berlin D2, a hip cafe/live music venue/leftie meeting spot, shuts its doors for good next weekend

 Debenhams’ 11 Irish stores went into examinership on Thursday. File photograph: Eric Luke/The Irish Times

Irish operation has accumulated losses of more than €22m in past three years

The crux of Debenhams’ difficulties lie in rents set during boom years on upward-only leases. File photograph: Eric Luke/The Irish Times

Retailer puts 11 Irish shops into examinership after failure of rent negotiations

“It is likely in the long run to be beneficial to Ireland because Ireland would offer the benefits of an English-speaking economy based in Europe,” says former director of global engagement on the White House’s National Security Council Brett Bruen. Photograph: Charles McQuillan/Getty Images

Dublin could be an obvious choice if UK-based banks are looking to move

Colm Keaveney: accused  of having a “malicious intent” to harm Denis O’Brien by sending material to PR firm Red Flag. Photograph: Cyril Byrne

Businessman suing for defamation arising from proposed text of speech

C&C has told investors it would see an improvement in earnings in the coming year

Full-year revenues fall 3% to €662m as cidermaker deals with competition and damp weather at home

The administrators of a Facebook page supportive of the Cavan businessman Sean Quinn’s struggle to regain control of his former empire say they will shut down the page on Wednesday, following a request from the former billionaire. Photographer: Dara Mac Donaill/The Irish Times.

‘Concerned Irish Citizens’ page at centre of High Court action over alleged defamatory posts

Dr Paul Gough is a dietician and founder of Nualtra. The Leslie-Buckley backed company has opened defamation proceedings against Aymes International. Photograph: The Irish Times

NHS and UK health department launch investigation

Denis O’Brien appears to be taking on his mission  with an almost quasi-religious zeal. Photograph: Dara Mac Dónaill

Digicel owner has threatened to block social networks’ adverts unless deal concluded

 Germany’s Dax: rose 0.2 per cent, while in France the Cac 40 fell 0.3 per cent. Photograph: Reuters/Staff/Remote

FTSE 100 steadies near a one-month low as gains at BT and RSA offset declines

Denis O’Brien:  argued that the refusal by Facebook and Google to share their revenues with telcos such as Digicel was holding back investment in developing countries. Photograph: Dara Mac Dónaill

Digicel billionaire accuses net giant of giving “two fingers” to telco industry

 Leslie Buckley is a backer of the   Limerick health supplements company along with Sean Corkery.   Photograph: Alan Betson

Nualtra alleges Aymes International is only suing it for an alleged trademark infringement as part of a “malicious determination t(...)

Heather McGregor, AKA Mrs Moneypenny. Photograph: Brenda Fitzsimons / THE IRISH TIMES

Heather McGregor flew herself over to Dublin for a high-powered sit-down of Irish businesswomen. ‘We can have it all,’ she says. (...)

Fergal Leamy: estimates Irish forestry output will double in the next 10 years. Photograph: Nick Bradshaw

What is a youthful former private equity shark like Fergal Leamy doing running a forestry company?

Coillte Forest in the Dublin Mountains: the restructuring plan is designed to free up €60 million of annual cashflow within five years

Focus is on restructuring, increasing production and cutting costs with loss of 40 jobs

The Clerys building on O’Connell Street, Dublin: the consortium that bought the shop would like Apple to have a store on the ground floor. Photograph: Dara Mac Dónaill / The Irish Times

No deal agreed, but developer pursuing tech giant to make outlet deal

Declan Ganley: “Today’s Persona ruling is immaterial to our case.” Photograph: Eric Luke

If the businessman’s court action fails to reach court, it will not be for lack of funding

Avobone last week issued proceedings against four San Leon-linked companies in the High Court in Dublin

Avobone and San Leon Energy in commercial dispute over Polish gas field

The Iseq’s bigger companies had mixed fortunes with Ryanair shares down 0.5 per cent.  Photograph: Nick Ansell/PA Wire

International markets look ahead to upcoming batch of corporate earnings

 Gary Palmer, Irish Debt Securities Association

Paying little tax and employing few local staff, special purpose vehicles have lots of good reasons to choose Ireland for housing (...)

Road Safety Operations Ireland, which has the contract to run speed detector vans, switched to unlimited status in 2014.  Photograph: Frank Miller /	THE IRISH TIMES

If there was an Olympics for business secrecy, Ireland would be near the top of the medals table

John Paul Scally: “There is nothing you can’t buy in a Lidl store today, fresh food or off the shelf.” photograph: keith arkins

Interview: John Paul Scally has already achieved much at the international chain

IFSC: Dublin has emerged as a leading European destination for financial firms to set up special purpose vehicles (SPVs) and financial vehicle corporations (FVCs) to bundle assets ranging from distressed debt to greenhouse gas credits. Photograph: Bryan O’Brien

Irish debt securities sector will look at ways to protect reputation as scrutiny intensifies

 Lidl outlet in Dublin: Lidl has released a report by DKM economic consultants that says it purchased €539 million worth of Irish food last year, including €152 million for export. It says it employs 4,000 staff directly and indirectly supports another 5,700 jobs. Photograph: Aidan Crawley

German discounter plans to open 40-50 new stores in Ireland on top of existing 147

A new report on the housing market shows the number of homes for sale is at its lowest level in nine years.

New report also shows house prices are rising at close to 10% a year outside Dublin

An Oxfam report  claims 51 of the 68 companies lent money by the International Finance Corporation last year for projects in sub-Saharan Africa use tax havens. Photograph:  Farouk Batiche/AFP/Getty Images

Charity claims Mauritius used as tax haven by some firms investing in Africa

Dr Paul Gough, founder of Nualtra: the Limerick-based company is growing strongly in Ireland and Britain and targeting €20 million in annual sales by 2020

Health supplement firm backed by INM’s Leslie Buckley involved in fascinating legal battles

Marks & Spencer: the retailer rose today, extending a rally from yesterday when its results beat forecasts

Iseq rises as stocks on Wall Street and in Europe lifted by energy companies

Troubled explorer in court on Friday as part of an examinership process

Brian O’Cathain, executive chairman of Petroceltic

The company, caught between its dispute with Worldview and the collapse in oil prices, is due in court on Friday

The site of Facebook’s data storage facility in Co Meath which will be its second in Europe. It will employ 115 when complete. Photograph: Ciara Wilkinson

Brookfield signs 10-year supply contract with Facebook which will power data centre solely on renewable power

Petroceltic chief executive Brian O’Cathain. Photograph: Dara Mac Dónaill/The Irish Times

Debt holders will jockey for position at examinership hearing on Friday

The total cost of the fibre rollout is estimated by some sources as being between €1 billion and €1.5 billion.

Other bidders include Eir and Siro, a joint venture between ESB and Vodafone

Judge grants CRH, Seamus Lynch and Irish Cement an injunction restraining CCPC from accessing some of the documents and files it seized. Photo: Laura Hutton/Photocall Ireland

Court says Seamus Lynch’s email account would also likely contain private information

 The row between Nualtra and Aymes  sides has its roots in a claim by Aymes, and the previous owner of its trademark Nutrimedical, that Nualtra’s Nutriplen products violates trademarks for its Nutriplete.

British company taking trademark infringement case against Irish company

Paul Mulvaney, executive director of innovation at ESB, said the investment would result in a “two-way knowledge transfer” between the power company and Endeco. Photograph: Alan Betson / The Irish Times

Endeco’s control systems help large companies reduce power consumption

Many funds that bought distressed Irish business, consumer and property loans from Irish-based banks are active in the courts system, filing summary judgment cases to make borrowers pay their debts.

Small firms advised to apply for court protection from owners of loans

Wetherspoon founder Tim Martin in the Three Tun Tavern in Blackrock: original plan was to open up to 30 pubs in Ireland. Photograph: Alan Betson/The Irish Times

Pubs in Ireland have become much more expensive in the past few years

Eir is targeting 300,000 of the homes originally pencilled in for the National Broadband Plan with a fibre rollout of its own. Photograph:   Maxwells

Telecom firm says it has disclosed details of first phase of its 300,000 homes rollout

Bank of Ireland, owner of New Ireland Assurance: BoI said Sean Casey made a “very significant contribution to the ongoing success of New Ireland”. Photograph: Andy Zakeli/PA

Managing director resigning to ‘pursue other opportunities’, says Bank of Ireland

CRH owned a 25 per cent stake in Nesher, an Israeli cement company, until last year. For years the investment was a magnet for criticism of CRH by pro-Palestinian activists

Palestinian activists trying to sue groups for allegedly ‘profiteering’ from building Jewish settlements in the West Bank

European stock markets rose on Tuesday, as stronger insurance shares offset weaker commodity-linked stocks, which fell in tandem with lower metals and oil prices

Iseq in Dublin rose by 1.1 per cent while Germany’s Dax climbed 0.4 per cent and the Cac 40 in France was up 0.9 per cent

Analysts say the deals are “consistent with the company’s strategy of growing its North American business

 PwC offices in Dublin: the company’s survey found that among the biggest fears of  worried bank bosses were over-regulation,  speed of technological change  and geopolitical uncertainty. Photograph: Nick Bradshaw

Two-thirds of companies plan to cut costs in next 12 months, survey shows

Ibec: Brexit vote could spark  devaluation of sterling which would mean products from Irish companies selling into the UK would effectively be 30% more

Brexit possibility creating competitiveness risk for Irish exporters, says lobby group

WH Smith operates bookstores at Dublin and Shannon airports

The surge in air travel from Ireland helped UK bookseller to boost its sales

People walk past a house with billboards displaying portrait of incumbent Djibouti President Ismail Omar Guelleh in Djibouti. Photograph: AFP PHOTO / SIMON MAINASIMON MAINA/AFP/Getty Images Facebook: in the High Court. Photograph:  SIMON MAINA/AFP/Getty Images

Big tech firms brought the risk that the Irish courts might become a magnet for disputes

Petroceltic chief executive Brian O’Cathain. Photograph: Dara Mac Dónaill

Cayman fund warns offer at risk if Petroceltic’s examinership leads to equity wipeout

The volume of shares changing hands across Europe was a third per cent lower than the 30-day average. EPA/JJ Guillen

Bank of Ireland shares decline softened by State valuation upgraded of AIB stake

“This acquisition will significantly strengthen our business in Denmark, as well as further develop our presence in the retail market for transport fuels, following our previous acquisitions in the European retail petrol station market in Sweden and France,” said Tommy Breen, DCC’s chief executive.

Company pays €40m for commercial, aviation and retail fuels business

Eir chief executive Richard Moat said brings Moody’s into line with the other ratings agencies, Standard & Poors and Fitch.

Agency telecoms analyst Ivan Palacios said the upgrade was because of improvements in Eir’s revenues and earnings

 Jessica Dobbin, micro biologist and Paul Maguire, CEO, Arann Healthcare during a visit by Taoiseach Enda Kenny to the Irish start-up in 2012.  Photograph: Alan Betson

Investors in DCU start-up include bankers and a property developer

Critics say wind energy relies on subsidies, which are ultimately paid by consumers. The IWEA rejects that view.

Irish Wind Energy Association says the money will be spent over the next four years

CRH is being linked with a potential bid for the Lafarge India unit. Photograph: Reuters

Building materials giant also ‘inevitably’ linked to bid for Australia unit, analysts say

Actavo, the Denis O’Brien-owned engineering services company previously known as Siteserv, is expanding into the US.

Firm previously known as Siteserv on course to break €500m in sales

A computer-generated image of Snowtopia, the proposed €100 million 11-storey high indoor ski centre in Mulhuddart

The Rick Larkin of Twinlite cut a different figure in the media this week than in 2008

 Valeo Foods,  owner of the Jacobs biscuit brand, has appointed Hilliard Lombard as managing director of its  Irish business

Ex-head of Aryzta’s European business believed to have started role in recent weeks

The €31 million Greenman Investments has raised will be used  to invest  in three German retail outlets. Photograph: Getty Images/iStockphoto

Greenman chief says group on course to expand assets to €500 million this year

The oil and gas sector extended its gains, rising 2.8 per cent overall as shares in Royal Dutch Shell and BP rallied, helped by a rise in oil prices.

Poor performances from Aryzta and Bank of Ireland drag down Iseq

The property investment arm of the Twinlite group that built thousands of homes in Tyrrelstown has been transferred to European Property Fund (EPF). File photograph: Twinlite website

Transfer follows refinancing of Tyrrelstown builder’s loans with Beltany Property Finance

 Cruise Park Drive, Tyrrelstown (above). There are three main ways that Irish homeowners and renters may come under the sphere of influence a foreign fund: it becomes your landlord, it becomes your mortgage lender, or, as happened with many Tyrrelstown residents, it becomes your landlord’s lender. Photograph: Nick Bradshaw

Irish residents had little reason to fear contact with hedge funds before property crash

 Cruise Park Drive, Tyrrelstown, March 13th, 2016. Photograph: Nick Bradshaw/The Irish Times

Twinlite director Rick Larkin confirms family owns European Property Fund

Three’s investment will include the integration of its systems with the business that previously operated as O2 Ireland, which Three bought in 2014. Photograph: Chris Ratcliffe/Bloomberg.

Mobile operator signs five-year contract with US-based Amdocs to oversee revamp

Martin Maloinowsk is among the familes facing notice to quit their homes in Tyrrelstown. Photograph: Nick Bradshaw/PA

Accounts reveal firm paid Irish banks over €700m for loans since the middle of 2014

Turlough Kinnane, managing director and Willie Kearney, chairman and sales director at  Thermodial. Photograph:  Nick Bradshaw

Senior managers and co-founder now own 55 per cent share in the company

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