Amounts staked by punters rose 13 per cent in 2016 to €92.8 million. Photograph: Eric Luke

Pool betting business pays €300,000 dividend to horseracing body as profits rise 36%

An aerial view of the Apple data centre site at Athenry, Co Galway, that got the go-ahead recently after the Commercial Court backed An Bord Pleanála’s decision to grant permission to build the €850 million facility.

State agency has identified up to 24 sites for data centre investments around Ireland

President Michael D Higgins addressing the Parliament of Western Australia in Perth earlier this month. Enterprise Ireland and the IDA are using his state visit to promote Irish exports and inward investment into Ireland.  Photograph: Richard Wainwright/EPA

Portwest, Fexco, Combilift and Akari among 55 firms taking part in President’s state visit

As Shell’s Corrib gas field was producing gas at a high rate during 2016, its value had to be written down.

Oil and gas giant reports Corrib sales of €182.2 million and costs of €359.4 million

Good Herdsman  is a leading producer of organic beef for home and export markets. It  has two plants, and slaughters about 6,000 cattle from certified organic farms every year

Tipperary-based Good Herdsmen has been working in partnership with ABP since 2010

The High Court heard that Charleville Credit Union  failed to bring its reserves up to the regulatory requirement of 10% of assets. Its reserves were just 3.5%  last June

Central Bank says it will refund union’s 12,000 members their €40m in savings

Liquidators have been appointed to Charleville credit union, after an application to the High Court by the Central Bank. Photograph:  Liam Burke Press 22

Efforts to resolve financial issues unsuccessful, but depositors will be repaid

Many are now wondering just how far down the road to completion will a transaction need to be to qualify for the old rate? Photograph: Paul Faith/AFP/Getty Images

There is considerable confusion over transactions that are under way but not complete

Aviation financier Howard Millar will have an opportunity to respond in court on Tuesday to Stellwagen’s claims.

Court hears three tried to divert business from Stellwagen while working for it

Budget measure: Stamp duty on commercial property including development land will increase to 6 per cent this week from 2 per cent. Photograph: iStock.

Government will ensure there are ‘no unintended consequences’ from budget measure

Rise and fall: Construction boom and bust cycles are putting young people off pursuing a career in the industry, says Iput’s Tom Costelloe. Photograph: Getty

Apprentices told there was no future are now wanted back, industry event hears

Leo Varadkar confirmed that his administration intends lifting the restrictions in city centres and along key transport routes. Photograph: Cole Burston/Bloomberg

Taoiseach tells construction industry he hopes to pass new laws by end of year

Gaelectric wind farm at Roosky, Co Roscommon. Photograph: Keith Arkins

China General Nuclear European Energy had been in talks over 50% stake in the Irish firm

Pilots’ group: Ialpa represents pilots at Aer Lingus and other airlines. Stock photograph: Nardus Engelbrecht/Gallo/Getty

Ialpa says Michael O’Leary must address pilots’ grievances

Michael McElligott of Tetrarch: has not said whether Tetrarch will bid for the hotel. Photograph: Brenda Fitzsimons

Four-star hotel in Co Tipperary currently leased by Irish investors Tetrarch Capital

The Government plans to spend €11 million cleaning up dumps next year. Photograph: Getty Images

Government spending plans include extra €4m for investigating tax evasion

The Government plans to spend €2 billion on improving roads, public transport and supporting tourism next year.

Government allocates €112m for spending on selling Republic as holiday destination

Ryanair has conceded that it faces difficulty recruiting and retaining pilots at some airports, including Dublin and London Stansted.

Representative council seeks assurances from airline before engaging in talks

A  survey shows that 61 per cent of Irish people have experienced email scams, the most common form of attack. Photograph: Getty Images/iStockphoto

New initiative aims to highlight problem and offer advice to businesses and customers

Ryanair’s chief executive, Michael O’Leary, said that Michael Hickey had made an enormous contribution to the airline during his time there. Photograph: Kevin Coombs/File Photo/Reuters

Man in charge of pilots and other day-to-day aspects to go after nearly 30 years

CRH’s shares fell 1.83 per cent to €30.915 in Dublin on Friday following the news. Photograph: Brenda Fitzsimons

Last-minute counterbid materialised on Friday from group founded by former CRH executive

Ryanair has announced that it will  fly 25 fewer aircraft than planned this winter, and has cancelled  thousands more flights between November and March, affecting  400,000 passengers. Photograph: PA Wire

Cancellations crisis rooted in change in approach to governing hours pilots spend in air

The Point Village shopping centre: Dunnes was meant to be the centre’s main tenant.

High Court has refused department chain store’s application to see leases signed by other tenants

United Airlines jets at O’Hare International Airport in Chicago

US carrier discontinuing the service because of the route’s poor financial performance

CityJet lost €30 million last year

Irish carrier lost money after investing in new aircraft to meet changing business needs

Transatlantic growth: Aer Lingus aircraft at Dublin Airport. Photograph: Cyril Byrne/The Irish Times

Airline’s Mike Rutter highlights turbulence as it announces Dublin to Philadelphia route

Investors expect Ryanair and International Consolidated Airlines Group, which owns owner of Aer Lingus and British Airways, to benefit from the failure of  Monarch. Photograph: Mary Turner/Reuters

Irish Stock Exchange outperforms peers, while UK and US share indices rise

Rockbrook in  Sandyford where Ires Reit has been refused permission for 492 apartments.

Development fails to comply with guidelines for residential areas, An Bord Pleanála says

Two grounded Monarch aircraft at Luton airport after the airline ceased trading. Photograph: Mary Turner/Reuters

Travel agents call for stricter regulation in wake of airline collapse

Former DAA chief executive Kevin Toland last month succeeded Owen Killian as chief executive of Aryzta. Photograph: Eric Luke/The Irish Times

Earnings of €847,000 to get boost of pension payment and bonus of up to 1.5 times salary

Séamus Fahy:  Merrion Vaults  runs a purpose-built safety deposit box facility on Dublin’s South Cumberland Street

Safekeeping specialist set to open in Liverpool’s landmark Royal Liver Building

Aer Lingus is due to announce details of its 2018 summer schedule and an extra transatlantic route this week. Photograph: Alan Betson

An extra transatlantic route, already served by one of its rivals, will be launched this week

The Health Service Executive and child protection agency Tusla accounted for €1.9 billion of the €2.2 billion legal compensation costs to the State in 2016.

State Claims Agency figures show cost of legal actions against State rising to €2.2bn

The Commission for Aviation Regulation has increased the limit on the number of passengers that can depart from Dublin during peak morning hours  to allow two extra flights to take off during that time. Photograph: Kate Geraghty

Aer Lingus says increasing hourly limits to 7,400 at peak times will cause more delays

Tánaiste Frances Fitzgerald:  “With the Irish economy recovering, the issue of the appropriateness of the amended financial thresholds requires revisiting.” Photograph: Eric Luke

Since 2014, takeovers of firms with turnover of €3m need competition body’s approval

Image of Marlet Property Group’s completed Lime Street office development at 1909 Quayside in the Dublin docklands, where construction has just commenced

Apartments and offices will be built at former location of Irish Steam Packet Company

Ryanair intends to ground 25 more aircraft than originally planned between November and March

Airline stops circling insolvent Italian carrier as it slows down planned winter growth

Traders on the floor of the New York Stock Exchange. Losses in consumer stocks cut gains for Wall Street’s main indices. Photograph: Reuters

US tax plan fuels investors’ hopes of ‘Trumpflation’ trading

Paddy Power Betfair said it could run its UK retail business successfully and profitably with a £10 limit on fixed-odds betting terminals.

Bookmaker urges UK government to cut maximum bet in machines to £10 from £100

Mr Justice John Cooke’s commission will pay up to €780 towards the cost of various affidavits in its investigation of Nama’s sale of the Project Eagle loans to Cerberus. Photograph: Alan Betson

No brief fees to be paid as commission of investigation attempts to rein in costs

Bright sparks: Kevin Maughan set up  UrbanVolt with Declan Barrett and Graham Deane in late 2015. The company now has  more than 200 customers and has provided total savings of between €30 million and €40 million. Photograph: Nick Bradshaw

UrbanVolt’s ‘energy service’ provides LEDs free to clients and then shares the savings

Michael O’Leary, chief executive officer of Ryanair, checks his watch ahead of the company’s annual general meeting in Dublin on Thursday, September 21st. Photograph: Aidan Crawley/Bloomberg

Pilot shortage has left region’s biggest carrier exposed

Ryanair CEO Michael O’Leary at the Ryanair AGM in Swords, Dublin. Photograph: Clodagh Kilcoyne/Reuters

Endorsement comes despite advisors’ calls to oppose them

  Ryanair chief executive Michael O’Leary   during the company’s AGM at the their Dublin headquarters, where the crisis over pilot shortages and warnings that crews are rejecting cash bonuses to commit to the airline will be addressed. Photograph: Niall Carson/PA Wire

Michael O’Leary, however, rejects claims that pilots are defecting to rivals

Terminal 2 at Dublin Airport. Minister for Transport Shane Ross said  Dublin had grown into a highly-connected airport under the regulator’s oversight

Minister says new policy will put passengers’ interests first

A cancelled Ryanair flight on a departure board at Stansted Airport in the UK on Tuesday. Ryanair chief executive Michael O’Leary and his board will face shareholders at the company’s annual general meeting on Thursday. Photograph: Neil Hall/EPA

Airline offers pilots €12,000 to forgo annual leave as it pares back losses of €1.46bn

Paddy Power Betfair’s shares suffered recently when it emerged that chief executive, Breon Corcoran, was planning to leave.

Move involves the purchase of 346,023 Paddy Power Betfair shares

Ryanair’s chief executive Michael O’Leary speaking at a press conference in Dublin to defend the airline over its decision to cancel up to 50 flights a day to deal with a staff rostering issue. Photograph: Nick Bradshaw

Some €1.4bn has been wiped off Ryanair’s market value since it began cancelling flights

The Commission for Aviation Regulation is looking at ways to replenish the compensation fund for holidaymakers. Photograph: Jason South

Charge to increase compensation fund would be 0.25 per cent of turnover, regulator says

Michael O’Leary: dismissed reports that a shortage of pilots or other staff was partly to blame for the decision to cancel the flights. Photograph: Hannah McKay

Likelihood of cancellations hinges on pilots’ response to buy-back offer, says O’Leary

Green Property Reit Ventures confirmed the company was in talks with potential tenants for One Molesworth Street in Dublin. Photograph: Cyril Byrne

Irish property group well placed to benefit from Brexit relocations, chief executive says

Industry figures warn such a move will drive up the cost of sun holidays. Photograph:  Chris McGrath/Getty Images

Failures such as Lowcostholidays have seen Travellers’ Protection Fund monies plummet

As part of the new system, operators will have to respond to any porting requests within four hours

System is meant to speed up and simplify the process of switching telecoms companies

Michael O’Flynn’s company and other developers complained about Nama to Brussels after the agency said it would finance the construction of 20,000 homes. Photograph: Brenda Fitzsimons

Plan to repurpose agency as housebuilder should be put on hold, Michael O’Flynn says

Conroy Gold chairman Prof Richard Conroy. Photograph: Matt Kavanagh

‘No question’ of Prof Richard Conroy abusing authority in blocking election, court told

Nama’s offices at the Treasury Building in Dublin. Photograph: Cyril Byrne / The Irish Times.

Nama, born in one crisis, will soon be given the powers to help fix another

Conroy Gold chairman Prof Richard Conroy. Photograph: Cyril Byrne

Prospector’s biggest shareholder wants court to overturn chairman’s ruling at agm

Dublin-based Norwegian Air International lost $205 million (€172.5 million) in 2016, accounts show. Photograph: Chris Ratcliffe/Bloomberg

Airline likely to launch further long-haul services from Ireland and western Europe

Air Canada plans to use Airbus A330s on the Dublin-Toronto route. All three services will offer economy and business class seats

Airline to add routes at Dublin and Shannon and boost non-stop Toronto service

Applegreen: closed at a 52-week high of €5.80 after announcing its first dividend payment to shareholders. Photograph: Cyril Byrne

Applegreen closed at a 52-week high after announcing its first dividend payment

The first scheduled direct transatlantic flight from Cork Airport to Boston Providence with Norwegian taking off earlier this year. Photograph: Brian Lougheed

The airline plans to recruit up to 40 pilots for its Dublin base

Howard Millar: last  year joined Stellwagen as chief operating officer and as as chief executive of one of its divisions, Stellwagen Capital.  Photograph: Bryan O’Brien

Fellow executives Edward Coughlan and Edward Hansom also leaving the company

Norwegian Air Shuttle: its chief financial officer said the group had the option of selling its leasing unit, which buys aircraft and rents them to the airline, to raise money if it were needed

Airline recently launched low-cost transatlantic flights from Ireland to US

Ryanair chairman David Bonderman. Advisers recommend that shareholders oppose his re-election at the airline’s AGM this month.

Airline provides too little data on calculation of bonuses for executives, advisers argue

Paddy McKillen

Paddy McKillen’s Clarendon Group to join forces with builder BAM on project

Stobart flies the Southend routes for British airline Flybe and began expanding the network last May, when it introduced new craft on the services

New routes boost Irish airline’s business at Essex airport

Given the gap between the sides in the North-South pylon proposal, the planning process was always going to be difficult

It could be 2018 before Eirgrid and its subsidiary know if €280m plan can go ahead

The CIF has called on Paschal Donohoe to establish a fund that would loan money to small companies for housebuilding. Photograph: Alan Betson/The Irish Times

Construction Industry Federation says few big infrastructure projects planned for 2018

Mark Cunningham: he  is leaving Bank of Ireland after 30 years

Senior figure who led key division during recession leaves lender

Moy Park reported a 7 per cent rise in pretax profit to €19.6 million for the 13 weeks to the end of July

The poultry processor was put up for sale with a rumoured $1.3 billion price tag

A protest in Meath against the power line connecting the North and the Republic .

Eirgrid’s €280m power line is opposed by locals but approved by An Bord Pleanála

Members of  North East Pylon Pressure Campaign  opposing the Eirgrid North-South Interconnector development at Kilmainhamwood, near Nobber, Co Meath, in 2008. Photograph: Matt Kavanagh

Saga of Eirgrid’s plans for 300 pylons and electricity line has gone on for 10 years

US vulture fund Cerberus is stepping up enforcement action against buy-to-let and residential mortgages.

US vulture fund is taking more cases for home repossessions

Bank of Ireland at College Green, Dublin. The bank’s shares  shed 1.44%  to end the day at €6.99

Dublin market follows suit in day of little corporate news

Gerry Cross of the Central Bank of Ireland with Alan Dukes at a roundtable  discussion on Brexit earlier this year. Photograph: Cyril Byrne

Irish interest in doing business in region is growing, according to Asia Matters director

It is the first new business in which Sean Quinn snr has invested since he emerged from bankruptcy more than two years ago. Photograph: Collins

Former billionaire will not be involved in its running, but some of his family are directors

Kingspan chief executive Gene Murtagh. Photograph: Cyril Byrne/The Irish Times

Pretax profits at the insulation specialist grew 5.5 per cent to €163.3 million

John Paul Construction has been contracted to work on the former headquarters of the Central Bank of Ireland on Dame Street in Dublin by its new owners, Hines and Peterson.

Turnover increased to €280 million in 2016, from €165 million the previous year

Businessman Seán Quinn who is preparing to set up a new betting business here.  Photograph: Dara Mac Dónaill

Quinnbet has just been launched and will offer sports bets and casino games

Patrick O’Sullivan: says he has concerns about corporate governance and directors’ pay at Conroy Gold. Photograph: Cyril Byrne

Court challenge planned to ruling that vote appointing new directors was invalid

Kilsaran argues the recovery in construction has only taken hold in Dublin. It says it is inconceivable the commission would seek an increase to the levy. Photograph: Chris Ratcliffe

PSO hike of €104m on electricity will hit jobs and growth, warn cement and concrete firms

 Air Berlin, Germany’s second largest airline, has filed for insolvency proceedings. Photograph: EPA/Alexander Becher

Airline shares climb in Europe as investors speculate on likely winners from insolvency

German carrier Air Berlin aircraft are pictured at Tegel airport in Berlin, Germany. Photograph: Hannibal Hanschke/Reuters

German government loans insolvent airline €150m as Lufthansa eyes parts of its business

Fintan Slye will leave EirGrid at the end of December, with close to two years of his contract to run. Photographer: Dara Mac Dónaill

Fintan Slye to run gas and electricity networks at UK grid operator

Dublin Airport said July traffic grew 6 per cent on the same month last year to 3.12 million passengers, a new record for the month.

Brexit continues to hit airport’s UK business, figures show

Wexford-based TD Mick Wallace  questioned the need for the station and its cost. Photograph: Maura Hickey

Agency says station will open in early 2018 now that court case over tendering is over

Ires Reit chief executive David Ehrlich. Photograph: Maxwell Photography

Ires Reit profit surges by 25 per cent in first half of year on back of higher rents

Aerial view of proposed plans for Central Bank

Hines and Peterson’s plans include altering the roof for a restaurant and viewing deck

The old Central Bank HQ on Dame Street:  the work will  ironically bring the building closer to what its designer, the architect Sam Stephenson, originally intended. Photograph: Matt Kavanagh

Planning sought for €75m redevelopment to include 300-seat rooftop restaurant

The next results from Paddy Power Betfair are due in February, when it will publish its 2017 full-year returns. Photograph: Alan Crowhurst/Getty Images

Breon Corcoran to weigh ‘different sectors and even different geographies’ for new role

Paddy Power said that revenues rose 9 per cent in the first half of this year. Photograph: Dado Ruvic/Reuters

Chief executive Breon Corcoran is stepping down and will be replaced by Peter Jackson

 Paddy Power Betfair chairman Gary McCann with Breon Corcoran, who is stepping down from his position as chief executive at the company. Photograph: Eric Luke

Analysis: Breon Corcoran was key to growth of both firms

Madrid’s Stock Exchange, August 7th, 2017. Photograph: epa

No bank holiday lull in Dublin as exit news that ‘came from left field’ shocks market

Dissident shareholder Patrick O’Sullivan shareholder at Conroy Gold at the company’s  egm on Friday. Photograph: Cyril Byrne

New general meeting called after gathering ends in row over appointment of directors

Johnny Ronan: Judge Patrick Quinn has ordered his firm, Chambury, to sell the freehold on a site at Sir John Rogerson’s Quay and Lime Street  to Balark for €60,000. He indicated Mr Ronan’s company would also have to pay legal costs.   Photograph: Collins

Chambury ordered to make €60,000 interest in Lime Street site available to Balark

German industrial giant Siemens  slid 3.1 per cent following the release of disappointing quarterly earnings. Photograph: Edgard Garrido/Reuters

Solid results from retail and building sectors, while Tesla eases pressure on US stocks

A new survey shows Irish workers add an average  €1,028 each a week to the nation’s wealth

Workers in Republic work harder and produce more wealth than those in the UK

Michael O’Leary has warned that Ryanair may have to cancel flights to and from the UK ahead of March 2019, the scheduled date for the UK to leave the bloc, if there is no certainty about an aviation deal.

Michael O’Leary in London to voice concerns about Brexit’s potential impact on aviation

The sale of more than 28 per cent of AIB early in July raised a total of €3.4 billion.

Surplus of €3.37 billion recorded at end of July

Sun holiday prices could rise next year as regulators bid to replace cash paid from a fund to compensate consumers for failures such as Lowcostholidays.

Costs may increase due to payouts from compensation fund

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