Brian Moynihan: ancestors emigrated to the US in the 1850s

Denis O’Brien will have to wait another year to be entered on to prestigious list

13/11/2014.  - NEWS - HEALTH -Denis O'Brien, at the GETHealth, Global Education & Technology Health Summit, organised by John Hopkins Centre for Clinical Global Health Education,  in Dublin Castle on Thursday.Photograph; Dara Mac Dónaill / The Irish TimesPhotograph; Dara Mac Donaill / The Irish Times

Battle over Premier League rights gives Digicel a glimpse of the future

A concern for fund managers was that only a tiny proportion of Digicel revenues come from cable and fibre services. Photograph: Reuters

Mood music towards Digicel’s IPO started changed tune over the weekend

Denis O’Brien: ‘Why sell your front garden at a discount when you know it’s worth a lot more money?’ Photograph: Dara Mac Dónaill / The Irish Times

Competition hots up, meanwhile, as its rival snaps up Premier League football rights

 John Brennan, who said  Jurys Inn Group had “outperformed the market” by 2 or 3 per cent for the past few years. Photograph: Eric Luke

Plan is part of a £100m investment programme overseen by its Dublin-based management team

A necklace from a 2005 Bulgari  diamond collection: About €326 million of Bulgari Ireland’s sales are derived from third parties such as franchisees; €580 million comes from inter-company transactions.  Photograph: Graziella Vigo/Bloomberg

Italian jewellery and luxury goods group paid corporation tax of €13.5m in Ireland last year

  Brendan Howlin   and   Michael Noonan: The Government plans to devote “almost its entire budget for tax-cutting” to a reduction at all levels of the universal social charge. Photograph: Sam Boal/

Owen Killian of Aryzta comes under pressure from institutional investors

Digicel had previously teamed up with currency dealer George Sores and Mr Pun’s Yoma group in an unsuccessful bid to win a licence in Myanmar

Denis O’Brien to sell 75% stake in company to Edotco

Screengrab from Tughans’ website
The new pink

Tughans has revamped its branding

Web Summit: off to sunny Lisbon.  Photograph: Eric Luke/The Irish Times
A 360 summit view

PR360 is offering free workspace at its Dublin offices to summit attendees

 At the launch of the 2015 UCD International Ladies GAA Jersey are Doris Obialor and Ryan Wylie, watched by Jack McCaffrey and members of the UCD Ladies Football team, from left, Bethan Murphy Hand, Bo Zhang, Jasmine Ziabek, Claire O’Neill, Agata Blasiak, Precious Nwafor, Vicki Pesti and Doyinsola Ishola. Photograph:  Brendan Moran/Sportsfile

Company sees GAA sponsorships as analogous to its push to recruit more women

Dermot Desmond: largest shareholder in Glasgow Celtic football club.  Photograph: Cyril Byrne
The Brit club

‘I think there will be a British Premiership,” said Dermot Desmond

Conor McCarthy, director of Investec Corporate Finance, and Ranulph Fiennes: McCarthy had asked Fiennes to come to Dublin to give a talk to Investec’s staff and clients when they were competing in the Marathon des Sables. Photograph: Iain White /Fennell Photography

British adventurer Ranulph Fiennes visits the capital to talk to Investec staff and clients

Despite dire warnings from lobbyists for Big Drink, the Irish pub sector has officially hit its second wind

Pub sector continues to see revenues rise

Denis O’Brien wants the web companies to share their revenues with him. Photograph: Dara Mac Dónaill

Digicel has already started to block the web giants’ ads on its network in Jamaica

Operating profits at PM Group rose by 24 per cent to €9 million in 2014.

Tallaght-based construction services company published 2014 sales of €350m

Culture minister Fiona Hyslop says £150,000 paid to stop T in the Park scaling back

Digicel chairman Denis O’Brien  described   business tactics of web giants as “unacceptable”. Photograph: Reuters

Network blocks internet giants’ web ads in bid to force revenue-sharing deal

‘Another Clerys should not be allowed to happen again,’ said Patricia King of the Irish Congress of Trade Unions. Photograph: Leah Farrell/ Photocall Ireland

Irish Congress of Trade Unions seeks redundancy law change in companies that go bust

ESB said it made capital investment of €405 million over the six-month period, down by 10 per cent.

Company says wholesale electricity markets are ‘challenging’ due to low prices.

Bohemians player Ismahil Akinade: club’s 22 players were paid a total of just €155,000 between them, or an average of €7,000 each. Photograph: Colm O’Neill/Inpho
Wage woes for the Bohs

Dublin-based soccer club made a loss of €67,000 last year on revenues of €708,000

The Economist: PR consultant Brendan Bracken took umbrage

Zanny Minton Beddoes, the editor, penned a typically lofty piece

Ted Webb, Patrick Kennedy  and Ciaran Bolger at the Deal Drivers Ireland conference in Dublin. photograph: chris bellew/fennells

Buyout strategies and debt were on the agenda

Paddy Cosgrave, founder of the Web Summit: Will Bono lead pub crawls for him around Lisbon? Photograph: Eric Luke

Decision to move event to Lisbon is based on money but might overlook Dublin character

Denis O’Brien: will be chairman, and king

By keeping 94% control, it is clear O’Brien wants institutions’ cash but not their input

Digital is pivoting away from being a pure mobile operator and wants to expand into cable television, high-speed fibre and corporate services

Denis O’Brien’s Island Capital could make $20m once flotation proceeds are spent

Businessman Denis O’Brien. Photograph: Dara Mac Donaill

Company aims to transform itself from mobile player to broad-based telco

Buyout talks between Pratt family and US giant Aramark are at an advanced stage

Denis O’Brien will relinquish about 40 per cent of the company’s equity but barely a scrap of control. Photograph; Dara Mac Donáill/The Irish Times

Proceeds from second-biggest US flotation of the year will go to paying down debts

Mr. O’Brien, the company’s founder and chairman of the board of directors, will have about 94 per cent of the voting power of the company after the IPO. (Photograph: Swoan Parker/Reuters)

Telecoms group sets range at $13-$16 a share; company will retire up to $1.3bn in debt after IPO on New York Stock Exchange

Bank of America-Merrill Lynch, the corporate banking arm of the massive US institution, has shifted €8bn of assets from Ireland to the UK this year. Photograph: Mike Blake/Reuters

Irish subsidiary that used to be State’s biggest bank has shrunk 96%

Lorraine Sweeney: says she will file a legal case against the liquidation

Who’s who in the sale of iconic department story

The former Clerys department store on Dublin’s O’Connell Street: the sense of shock among those affected is still palpable. Photograph: Aidan Crawley

While staff look for jobs, creditors run rule over contentious transactions

Mr Loomes has been with Diageo for 16 years and led the Guinness 250th celebration in 2009 in Ireland and the inaugural Arthur’s Day campaign the following year

Mr Loomes led the inaugural Arthur’s Day campaign

An Affordable Building Concepts modular house under construction.

Modular housing firm Affordable Building Concepts in talks to build up to 5,000 homes

Danny McCoy: Ibec will  “take responsibility for returning details [to the public register] of lobbying we undertake on your behalf”. Photograph: Gary O’ Neill

Employers’ group chief executive sends email on publication of new disclosure law

Netwatch chief executive David Walsh: has assembled a committee to hear pitches for free office space in Boston.

Technology company offers free office space to three Irish firms

Dublin Bus: its twitter feed is a prime example of the pitfalls and the benefits for companies that engage on social media. Photograph: Cyril Byrne

Journey of frustration on @dublinbusnews omnibus

Airport inferno? No, just sunrise behind the hangar near where a Congo Airways aircraft is impounded

High Court grants injunction to impound Airbus A320 while sovereign debt is pursued

Gary McGann, former non-executive director of Anglo Irish Bank, arriving at the Banking Inquiry, September 3rd, 2015. Photograph: Dara Mac Dónaill/The Irish Times

Dubliner joined Anglo board in early 2004, was a director until nationalisation in 2009

Philip O’Quigley: the  CEO of Falcon Oil & Gas said the drilling results in Australia  had exceeded expectations. Photograph: Dara Mac Dónaill

Positive results from Australian well and gas discovery in Egypt cause surge

Clerys workers, members of Siptu, arriving for the creditors’ meeting at the Gresham Hotel. Photograph: Cyril Byrne

Five-person will oversee interests of creditors in liquidation of OCS Operations

Eircom said broadband subscribers rose 9 per cent on an annual basis to 782,000 connections with strong high-speed fibre uptake in the year that rose 148,000 to 281,000 connections

Full-year revenues flat at €1.26 billion with ebitda up 3 per cent to €481 million

KPMG, the liquidator to Clerys’ operating company OCS Operations, is due to hold a meeting of creditors today to appoint a committee of inspection to oversee the liquidation

Liquidator to Clerys operating company to hold meeting of creditors

The anonymous blogger urged the media to press Petroceltic on its response to the detail of the allegations

US-based blog-hosting firm has week to comply with court order and identify blogger

Stanton Fisher says a High Court court decision in Dublin this week, in an appeal case taken by a disgruntled customer against GE Money, strengthens the hand of Irish consumers who feel they were mis-sold PPI

Stanton Fisher ‘looking closely’ at court’s decision in payment protection insurance case

CRH chief executive Albert Manifold: he said the company is delighted to get the opportunity to buy CR Laurence this year. Photograph: Cyril Byrne

Los Angeles-based firm has access to 60,000 glaziers and processes 7,000 orders a day

Blaine Callard, Harvey Norman’s Irish chief executive, appears to have turned operation around. Photograph: Alan Betson

Australian retail chain back in profit in 2014 after racking up losses of more than €110m

Independent News & Media chief executive Robert Pitt: scoffed in January at questions about plant closures. Photograph: Bryan Meade

Plant closure follows long-term contract buyout by ‘Sunday Times’ publisher News UK

Albert Manifold, chief executive, CRH, said that the group’s acquisition of CRL is an “excellent operational fit” with the group’s US building envelope business.(Photograph: Cyril Byrne / THE IRISH TIMES)

Building materials group is forecasting full year earnings growth as it said it will acquire US glazing manufacturer for $1.3bn

Coillte is selling around 300 masts and equipment locations for an undisclosed sum.

Transaction includes around 300 masts and equipment locations around the country

It wasn’t long before talk got around to the drinks industry’s most pressing issue: the apparent need for a budget cut in alcohol excise duty

Support Your Local campaign promotion transforms into budget pitch for Big Drink

A report last month from a team of Central Bank economists found  the light-touch regulation of SPVs could “potentially exacerbate the vulnerabilities within the financial system”. Photograph: Matt Kavanagh

Report raises serious concerns about the lack of information on Irish-registered SPVs

Gavin Slark, Grafton chief executive officer, said that despite current challenges the group is “well placed to make further progress in the second half towards delivery of its medium term targets of a 7 per cent operating margin and 15 per cent return on capital employed.”(Photograph: Cyril Byrne / THE IRISH TIMES)

Builders merchanting group points to ‘siginficant increase’ in Irish revenues

The updated filing also confirms that Denis O’Brien will continue to receive a quarterly dividend of $10 million from the company, which could also boost payments to its billionaire founder

Dublin brokerage will act as lead manager, while Deutsche has also been added to a roster that includes several top institutions (...)

The arrangements using charities are part of tax-efficient structured finance deals aimed at attracting the institutions to set up “special purpose vehicles”in Ireland to house the high-risk assets. A team of economists from the Central Bank last month published a report on the use of these types of structures

Matheson’s Medb Charitable Trust, Badb Charitable Trust and Eurydice Charitable Trust own shares in Irish companies linked to glob(...)

Christine Bleakley at Rossnowlagh on the Wild Atlantic Way for TV programme Wild Ireland. Photograph: Big Mountain Productions

Paul Keeley also warned against overstating negative impact of alcohol prices on tourism

Irish companies were also active abroad, buying 11 foreign companies, according to a new report from Investec. Photograph: Yves Herman/Reuters

More than half of the 45 deals involving Irish firms had a domestic buyer, report finds

Brian O’Cathain of Petroceltic: the Irish exploration firm strongly denied allegations of fraud and mismanagement that were made about the company online. Photograph: Dara Mac Donaill

Firm behind Wordpress faced fines of €100,000 per day if it failed to comply with order

Concerns over China’s economic outlook set stocks tumbling in Tokyo on Friday, and analysts expect a volatile week in global markets. Photograph: EPA

Global markets will be watching for China’s next move as signs of a slowdown in the world’s second-largest economy stack up

Brian O’Cathain, chief executive officer of Petroceltic: got  High Court order to have  content taken down. Photograph: Sara Freund / The Irish Times

US internet company subject to Dublin court order over allegedly ‘defamatory’ material

The hotel, which was previously the Four Seasons, was bought earlier this year by a consortium led by John Malone.

Clement Gaffney takes up the role next month at the John Malone-owned InterContinental hotel in Dublin’s Ballsbridge

Vince Power: fight to save the KPH is ‘what gets me out of the house in the morning’

Impresario set on saving west London pub and helping Waterford’s Capital of Culture bid

The Cosgraves say the cash will be used to “partially redevelop the shopping centre in order to strengthen its appeal to local shoppers”

The Cosgrave brothers have struck a £140 million refinancing deal for their Liberty Shopping Centre on the outskirts of London

Richard Voke bought the Sir Walter Raleigh hotel in 2005 for almost €2.5 million. The hotel went bust during the recession and Voke relocated back to Boston

Bank in pursuit of the former owner of the landmark Walter Raleigh Hotel in Youghal

Applegreen raised €70 million in a stock market listing in June

Consortium launches legal action against Transport Infrastructure Ireland

Inditex owns Zara and Stradivarius, among other store brands operating in Ireland. Photograph: Balint Porneczi/ Bloomberg

Zara owner Inditex in line for an Irish fillip

Petroceltic chief executive Brian O’Cathain: This week filed a case against Aut O’Mattic A8C Ireland, the Irish unit of Wordpress’s US owner Automattic. Photograph: Sara Freund

Exploration company launches High Court action to unmask anonymous blog author

Traders are pictured at their desks in front of the DAX board at the stock exchange in Frankfurt, Germany, yesterday. Photograph: Reuters

Bundestag backing for another Greek deal fails to cheer European markets

 Tony Keohane, chairman of Repak:  the group  has undergone a major corporate governance overhaul since the removal in 2013 of its former chief executive, Andrew Hetherington. Photograph: Dara Mac Dónaill

Cash intended to cover cost of a year’s operation of the statutory recycling scheme

Clerys: the insurance claim relating to  flooding in 2013 resulted in an insurance payout far higher than the destroyed assets were valued in the company’s books. Photograph: Aidan Crawley

Directors of OCS said they wanted to sell the business as ‘going concern’

More than 400 staff lost their jobs when Clerys closed this summer

Gordon Brothers more than doubled its initial €15m investment in Clerys

FBD will pay up to more than double the value of the pension pots of many of its employees when they transfer over to a new defined contribution scheme

Insurance company's scheme had a deficit of about €54 million

Brian Hayes:  “If we are looking at 3 per cent growth per year, that’s 15 per cent over a five-year term.” It’s actually more like 16 per cent, when you compound the growth rate. Photograph: Aidan Crawley

MEP calls for parties to show voters how they plan to spend the proceeds of the recovery

Denis O’Brien:  has  been awarded honorary membership of the Order of Jamaica, for services to its telecommunications industry. Photograph: Dara Mac Dónaill

Whatever his knighted nemesis Tony O’Reilly can do, O’Brien proves he can do better

Dave O’Donoghue and Cormac Manning: have brought the Canadian healthy eating franchise Freshii to Ireland, which has already proven to be a hit with the financial types.

Dave O’Donoghue and Cormac Manning bring new Canadian franchise to Ireland

Irish Pride: was this month bought out of receivership by Pat the Baker

Trade credit insurer told how it paid out ‘millions’ to cover losses incurred by suppliers

Dermot Smurfit Jr: may be under a little bit of pressure to strike more deals for GameAccount Network. Photograph: David Cantwell

Businessman moves to Las Vegas in bid to secure deals for GameAccount Network

Petroceltic chief executive Brian O’Cathain: his company has accused Worldview, a 29 per cent shareholder, of trying to gain control of the company. Photograph: Sara Freund

Oil explorer calls extraordinary general meeting on day of vote called by Worldview

Apple, for whom China is a key growth market, fell 3.4 per cent on Wall Street early in the day. Photograph: Paul Miller/EPA

Investors fear the Chinese slowdown will affect western consumer goods producers

Musgrave chief executive Chris Martin: unless grocery spending takes off, Musgrave’s only other option for growth is to enter new product markets. Photograph: Jason Clarke Photography

Wholesaling group focused on Irish market after agreeing sale of its UK brands to Booker

Musgrave’s 2014 sales were relatively flat while it posted an operating profit from €66 million. Photograph: Eric Luke /The Irish Times

SuperValu owner posts €13 million loss as tough conditions prevail in grocery sector

Conor Whelan, chairman of Retail Ireland. Photograph: Eric Luke/The Irish Times

Retail Ireland says proposals will impact city centre shops

Property developer Seán Mulryan (left). Flow East has launched two lawsuits in Prague over the sale of the Savarin Palace project by  Mr Mulryan’s Ballymore group. Photograph: Eric Luke/The Irish Times

Flow East offers €87m for debt

Ching Chiat Kwong: took a bit of a battering in the latest Forbes list of the 50 richest people

Ching made his debut on the list last year in 36th place with a fortune of $510m

 Oisin Fanning: unrepentant about the Western Sahara project.   Photograph: Ger Foy/ Collins Court

Exploration asset is in the wantaway Western Sahara region, which Morocco thinks of as its southern provinces

Professor Niamh Brennan: Diploma in Corporate Governance course at UCD’s Michael Smurfit school.

The 30% Club agreed to sponsor a place on the course this year for one woman

Gordon D’Arcy and Brian O Driscoll of Leinster celebrate after beating Ulster in the Heineken Cup Final in Twickenham in 2012. Photograph: Dara Mac Dónaill

Responsibility for running the top-tier club competition in European rugby has switched to a Swiss company

Denis O’Brien: his Caribbean telco is a fully-fledged member of the flotation club. Photograph: Dara Mac Dónaill

Digicel has indicated in its SEC filings that it is listening to offers for the vestiges of its Burma tower business

Christoph Mueller: Malaysia Airlines is “technically bankrupt” and floundering after the loss of two aircraft.  Photograph: Simon Dawson/Bloomberg

Christoph Mueller and Dermot Mannion prominent this week at the Capa Australia Pacific aviation summit in Sydney

Cortendo focuses on developing drugs to treat rare endocrine diseases, including the potentially fatal Cushing’s and acromegaly, inflammation of the hands and feet that can lead to diabetes.

Cortendo prospectus submitted to Central Bank

The Children’s Hospital Temple Street: has teamed up with a number of high-profile tech companies in the city to launch Techies4TempleStreet. Photograph: Eric Luke/The Irish Times

Techies4TempleStreet is aiming to raise funds for the children’s hospital in Dublin

Aer Lingus: has asked the US courts to throw out the Christian Narkiewicz-Laine case in recent weeks due to an alleged lack of evidence. Photograph: Niall Carson/PA Wire

Christian Narkiewicz-Laine says he was hit by luggage carried by cabin crew

Dermot Desmond:  the businessman originally asked Frank Fitzpatrick to mock up the ‘Story of the Irish’ exhibit. Photograph: Cyril Byrne

An exhibition charting 10,000 years of Irish history has its official opening next week

Retail property agents in Britain are speculating that Dunnes Stores is planning to open up to 40 more stores there

Taking the plunge across the water would represent one of the biggest strategic pivots in the company’s 70-year history

Gary McGann: “I won’t miss the 4.30am alarm call on a Monday morning.”

McGann said he had ‘mixed feelings’ about stepping down

During the year, Coillte planted 15 million trees on 6,200 hectares of land

State-owned forestry company reports operating profit of €60.5m and lots of plans

Capacity on Aer Lingus’s long haul routes rose in the second quarter of the year. Photographer: Aidan Crawley/Bloomberg

Airline is hit by increased fuel costs and adverse movements in foreign exchange

 Smurfit Kappa chief executive Gary McGann said EPS growth of 38 per cent, was underpinned by good underlying business conditions and the earnings impact of capital investments. Photo: Alan Betson/The Irish Times

Gary McGann says group is significantly stronger now than at any other time in its recent history

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