Tetrarch chief executive Michael McElligott: company plans to purchase the Millennium Park complex in Naas. Photograph: Brenda Fitzsimons

Taxpayers on the hook for massive loss on Naas property scheme’s Nama loans

John Brennan, chief executive of the Jurys Inn group. “A flotation is certainly one option given the business’s scale”

Lone Star launches Amaris Hospitality, to be run from Dublin by Jurys Inn team

Nama: Project Eagle portfolio sold at steeper than usual discount. Photograph: Cyril Byrne

Cerberus’s €1.6bn Project Eagle bid selected ‘on the advice of Lazard’, Nama says

The website of Cerberus Capital Management, which states the private equity firm has some $25 billion (€22.5 billion) in assets under management.

Private equity firm ‘deeply troubled’ over allegations made in Dáil by Mick Wallace

Well-known Belfast law firm Tughans said Ian Coulter (above) was involved in the sale by Nama last year of a portfolio of loans with a nominal value of €5.7 billion, which were sold for €1.6 billion.

Leading NI business figure left law firm in dispute over fees related to portfolio sale

Denis O’Brien: old hand at the debt game. Photograph: Dara Mac Dónaill / The Irish Times

Denis O’Brien’s firm is on the hunt for equity via an IPO to fund a major fibre and content rollout

Mr Justice Brian Cregan: gave businessman Tom Anderson what could politely be described as a dressing down. Photograph: Aidan Crawley

Consortium made ‘unscrupulous attempt’ to leverage extra concessions, judge finds

Senator Feargal Quinn: said pubs need to be able to adjust to the competition provided by supermarkets. Photograph: Aidan Crawley

Greg Mulholland criticises supermarkets at Oireachtas jobs committee

Goodbody Stockbrokers Trading Room. Photograph: Dara Mac D?naill / THE IRISH TIMES Dara Mac Donaill

New unit has target of attracting funds under management of €1.5bn by 2020

Digicel’s IPO filing revealed the company made payments over the last three years of $26.5 million to  AC Executive Aviation Services, a company controlled by Digicel owner Denis O’Brien, for the use of his corporate jet. Photograph: David Sleator

Filing reveals $26.5m paid over three years to company controlled by Denis O’Brien

Mark Godfrey: “The Irish business never defaulted on its debt in the past, it will always be able to service it.”

Guarantee has reduced BWG’s annual interest rate from 4 to 1.75 per cent

Brian O’Cathain, Petroceltic’s chief executive officer:  Worldview says the company is “proposing to pledge the company’s crown jewel” because it has “run out of money”. Photograph: Dara Mac Donaill/The Irish Times

Largest shareholder Worldview calling for egm over plans for $175m bond issue

Michael Hasenstab, bond trader with Franklin Templeton

Franklin Templeton has emerged as a key backer of Denis O’Brien’s Caribbean telco Digicel

Emmet O’Neill: bought 10 per cent of Topaz, which, once it swallows Esso, will control nigh on a third of the Irish forecourts market

Emmet O’Neill rolling out Re.Store brand across network of forecourts

Golfer Paul McGinley:  “I am now no longer involved in the business.” Photograph: Ian Walton/Getty Images

Ryder Cup captain says he is no longer involved in golf club rental firm

 Oisín Fanning: his Aim-listed San Leon Energy is to  ask shareholders to approve a £29 million (€40 million) placing. Photograph: Frank Miller/The Irish Times

Shareholders’ meeting to consider placing from Toscafund

Ethiopian Airlines: new Addis Ababa-Dublin-Los Angeles service

Dreamliner service connects three contintents

 A  view from the 16th hole during the  Phoenix Open at TPC Scottsdale in  Arizona. Clubstohire.com will offer services to tourist visiting the course. (Photograph:  Patrick Smith/Getty Images)

Irish-based golf rental business to begin operations in Florida, Arizona and Nevada

Ollie Brogan, managing director at ESB International: “As a nation, we’re good at understanding other peoples.”

Some commentators had called for company to be sold during crisis

The Saudi project, which will be revealed at ESBI’s 40th anniversary event in Dublin Castle, is part of the “Northern Promise” investment programme that was championed by the late King Abdullah (above) to economically reinvigorate the undeveloped northern part of the world’s biggest oil producer.

Company due to announce €17 million Saudi project at Dublin Castle event on Thursday

Block R in Spencer Dock, Dublin. Photograph: Dave Meehan

Central Bank among current tenants of 11,798sq m building behind the Convention centre

BWG’s chief executive Leo Crawford. The retail group has managed to negotiate significantly better terms on its loans.

Deal to bring on board Barclays guaranteed by South African parent

Merrion Capital has appointed  former Davy, AIB and Anglo Irish Bank executive Jack O’Keeffe as  head of corporate finance

Company has beefed up senior team in recent months

Pat Kenny at the launch of UTV Ireland . Photograph: Cyril Byrne / The Irish Times

Board approves ‘action plan’ to plug audience shortfall at UTV Ireland

CRH attributed an enterprise value of about £414 million to UK brick maker Ibstock. Photograph: Brenda Fitzsimons

Purported valuation of £1bn for UK brick maker Ibstock

Apple chief Tim Cook: the company’s 0.9 per cent drop yesterday weighed heavily on the S&P. Photograph: David Paul Morris/Bloomberg

US stocks fall from near record levels, with eight of the 10 main S&P 500 sectors down

A computer-generated image of the proposed new Stillorgan shopping centre in south Co Dublin

State’s oldest mall to be transformed through the addition of glass roof and new facade

Lorraine Sweeney: “We also didn’t think we were dealing with vultures.”

‘Brutal’ closure was like a ‘mass funeral’, says former SFA chairwoman

Jay Bourke: publican finds himself in another legal dispute, this time with the operating company for Bellinter House. Photograph: Alan Betson

Bellinter operator has filed a High Court case against co-owners of country house hotel

 Ireland’s football team:  continues to dole out nothing but heartbreak. Photograph: Reuters / Matthew Childs Livepic

Kevin Reid is a Scot but he has declared for Ireland, which would make him the firm’s version of Aiden McGeady

The proposed Navan commuter railway line only ever got as far as the M3 Parkway station slightly beyond Dunboyne, a good 34km from Navan

As I’m told they often say up in Navan, “will you get ou’ of that garden”

Wenceslas Square in Prague: commands some of the highest retail rents in the Czech Republic. Photograph: Getty Images/iStockphoto

Agreement reportedly reached to sell scheme to Czech developer

Philip O’Quigley: he said he was confident that Falcon could wrap up South African negotiations this year

Drilling to start within weeks at its main fracking project in Australia

The competition watchdog seized thousands of documents when it raided the offices of Irish Cement, a subsidiary of industrial giant CRH. Photograph: The Irish Times

Competition commission to ask High Court what documents can be used from raids

Denis O’Brien:   He  has also initiated a lawsuit against the Houses of the Oireachtas Commission and the State arising from the Dáil utterances relating to his banking affairs with IBRC. Photograph: Dara Mac Dónaill / The Irish Times

Injunction lifted on the original script, with the exception of two paragraphs

Emirates National Oil Company’s  offer for the 46 per cent of Dublin-listed Dragon that it currently does not own values the explorer at more than €5 billion.

Recent buyout offer for company ‘materially undervalues’ growth potential – claim

Catherine Murphy: said she was acting on the concerns of citizens and engaged in a search for answers

Siteserv wrote to Sean Barrett seeking to get record amended over accusations

The sudden closure of the store on Thursday night in the midst of an access dispute with Paul McCann and Stephen Tennant of Grant Thornton, the AIB-appointed receivers to the centre, leaves 100 staff in limbo. Photograph: Aidan Crawley

Shutting of Gorey outlet is typical of the chain’s combative tactics

Denis O’Brien: there is speculation that Digicel may be preparing to sell the vestiges of its business in the emerging economy of Myanmar, or Burma if you have an old-school colonial bent.  Photograph: Dara Mac Dónaill / The Irish Times

Reports indicate Denis O’Brien may have given up on business in Burma

Willie Walsh: IAG chief gave a wide-ranging talk on aviation issues, including IAG’s proposed €1.36 billion offer for Aer Lingus during lunch in the Shelbourne Hotel. Then he got down to the big bucks. Photograph: Alan Betson / The Irish Times

IAG chief tells Shelbourne Hotel lunch-goers of winning €25 draw from Tipperary pub

Sam Neill in  Jurassic Park:  did his bit last week to boost the profile of a small Irish wine business

Actor owns Two Paddocks vineyard in New Zealand

Minister for Finance Michael Noonan: is as mad as hell and he’s not going to take it anymore.   Photograph: Gareth Chaney Collins

Irish banks charge between 4.1 per cent and 4.9 per cent, compared to the ECB base rate of 0.05 per cent

Gerry Barrett:  Nama’s portfolio of the Galway developer’s loans is called Project Maeve

Bankers go all James Bond with their portfolio code names

Denis O’Brien: ‘I believe that every citizen is entitled to privacy in their financial affairs.’ Photograph: Dara Mac Donaill / The Irish Times

Injunction prevents RTÉ broadcasting dealings with IBRC

Siteserv chief executive Sean Corkery: Politicians were asking the public to connect disparate issues concerning the Siteserv sale, Irish Water contracts and Mr O’Brien’s finances. Photograph: Nick Bradshaw

Denis O’Brien planning to dispatch similar letter to Ceann Comhairle requesting change

Musgrave said it was planning to develop a strategic partnership with Booker to collaborate on store formats, digital innovation, buying opportunities, sharing of best practice and to achieve cost savings and efficiencies for the business.

Company had been working on turnaround of business and had reduced losses

Robbie Keane: fundamentally solid, occasionally infuriating, but remarkably consistent

Offer of €3.3bn for Eircom was apparently made a couple of months ago

Anchorage Capital, which has global operations and is headquartered in New York, did not comment when asked if it was the “credible” bidder referred to by Eircom.

Telco back in play as Blackstone sells 25% share to Anchorage Capital

Wednesday is the deadline for a request from Eircom to extend by more than two years to 2022 the repayment date for about €2 billion of its loans.

Offer understood to have been made in first quarter for telecoms company

Company set to boost sales for first time in seven years

Grainne O’Halloran, technical director and Oliver Sutherland, group commercial officer, at the Valeo Foods plant. Photograph: Chris Bellew/Fennell

Plant upgrade brings production back to Ireland

Avoca managing director Simon Pratt says the family is “inundated” with buyout approaches, but that no decision has been made. Photograph: Pat Langan

The American food service giant is still in the frame to buy the successful Irish company

Amanda Pratt: no longer assisting the owners of Bewley’s cafe on Grafton St

Former Avoca designer advised on early stages of project at famous Grafton Street cafe

Google’s David Sneddon, REI chairperson Oonagh O’Hagan and Harvey Norman chief executive Blaine Callard at the Retail Excellence Ireland ‘Retail Retreat’ in Carton House, Maynooth

Retail Excellence Ireland entertains 500 members in plush Carton House Hotel

Counsel for RTÉ told the court that Mr O’Brien wanted a “boring, dry, sterlie” report. Photograph: The Irish Times

Billionaire must not be allowed ‘set the boundaries’ for media

Heineken’s newly launched Orchard Thieves cider brand: building a profile.

New cider serves as fuel for twitterati

 Denis O’Brien. File Photograph: David Sleator/The Irish Times

Businessman may ‘review arrangements’ with Irish banks, judge hears

Denis O’Brien is seeking an injunction preventing an RTÉ report based on a 2013 letter he wrote to IBRC liquidator Kieran Wallace.

RTÉ fighting injunction over news report into businessman’s dealings with IBRC

Denis O’Brien. Photograph: Dara Mac Donaill/The Irish Times

Revealing ‘precise details’ of O’Brien’s affairs was ‘on the wrong side of the line’, court hears

IBRC joined Denis O’Brien in seeking an injunction against RTÉ. Photograph: Matt Kavanagh/The Irish Times.

O’Brien’s lawyers say letter contained a ‘request’ in relation to his IBRC debts

Denis O’Brien: his counsel invoked the European Convention on Human Rights. Photograph: Cathal Burke

Businessman seeks injunction preventing news report ‘based on stolen’ information

Court told if media are free to report all matters O’Brien’s case will be set at ‘nought’

About 50,000 high-end pieces of crystal are made in the manufacturing facility in Waterford, which also hosts factory tours.

The deal includes Waterford complex which employs 120 people

Windsor House in Belfast is thought to be ripe for a revamp.

Windsor House sale price represents annual rental yield of about 3.1%

Barclays Bank Ireland boosted its fee income during 2014 by 34 per cent. Photograph: Yui Mok/PA Wire

Bank boosts customer deposits 42% to €1.64bn and loans 41% to €890m in 2014

Retail sales just 0.9 per cent ahead of the same period last year, when measured by value, finds report.  Photograph: Alan Betson/The Irish Times

Ibec survey results suggest that retailers are still heavily discounting

Denis O’Brien: has retreated from the online recruitment market in China

No sale price disclosed for Chinese online recruitment business

 Traders on the floor of the New York Stock Exchange yesterday. Positive jobs reports sent the Dow Jones Industrial Average sharply higher. Photograph: Getty Images

Datalex gains as Goodbody note says it ‘stands out from the crowd’ in travel retail

 Michael Cawley: due to give a keynote speech next month at the annual congress of the Airports Council International (ACI) Europe branch.   Photograph : Matt Kavanagh

Former Ryanair man finds himself on other side of the check-in desk

David McWilliams: among a coterie of economic and market soothsayers who are scheduled to talk next Saturday, May 16th, at an “Investment Summit” at the Stillorgan Park hotel

David McWilliams will be among the speakers at Dublin investment summit

Hong Kong chief secretary of administration Carrie Lam made a charming speech at the Westbury Hotel citing St Patrick’s Day and Celtic singing’s presence in Hong Kong. Photograph: Bobby Yip/Reuters

Carrie Lam describes the state’s Irish influences for GAA to Jesuits at Dublin visit

Standard Life: The UK-listed insurer has been returning money to shareholders after selling its business in Canada for £2.2 billion last September. Photograph: Simon Dawson/Bloomberg via Getty Images
Lost in the post

Huge number of letters from Irish shareholders to Standard Life went awry in the post

Goodbody Stockbrokers trading room in Ballsbridge, Dublin. Photograph: Dara Mac Dónaill

Four to form nucleus of new retail asset management division

Shareholders in what was then effectively an insolvent company later benefitted from a €5m payout from the proceeds of its sale, which was overseen by IBRC, to a company controlled by Denis O’Brien

Enforcement office says stock exchange never requested inquiry

The Grant Thornton administrators, who launched the lawsuit against PwC in 2012 for allegedly failing to spot a black hole in Quinn’s finances, say they have answered all they can of PwC’s questions. Photograph: Matt Kavanagh

Auditor says it needs more information to defend negligence case

Dublin-headquartered Valeo Foods is the owner of the Jacobs biscuit brand.

Jacobs biscuits owner agrees to buy snacks and cakes maker Balconi

Central Bank governor Patrick Honohan: ‘The Central Bank’s work focused on the integrity of IBRC governance processes and controls.’ Photograph: Cyril Byrne

Matter now closed from bank’s perspective, says Patrick Honohan

Tánaiste Joan Burton: ‘I want to see all of the relevant information made available and published.’ Photograph: Eric Luke

Clear public interest in revealing whether share trading was subject of investigation

Outgoing Smurfit Kappa chief executive Gary McGann: ‘I don’t want to be a hurler on the ditch.’ Photograph:  Alan Betson

Packaging group reports first quarter earnings of €266 million

Eircom is seeking permission from its lenders to potentially sell its telephone exchange site on Crown Alley in Dublin. Photograph: Eric Luke

Telecoms group wants covenants limiting its indebtedness significantly relaxed

Smurfit Kappa Group chief executive Gary McGann: ‘People will never remember you for what you’ve done.’ Photograph: Frank Miller

Outgoing chief executive singles out group’s turnaround as his best achievement

In New York, Apple gave the biggest boost to the Nasdaq and the S&P 500 with a 1.2 per cent increase to $126.66. Photographer: Billy HC Kwok/Bloomberg

Most continental markets closed for May Day holiday

Aidan Heavey, chief executive, Tullow: “We have always been aggressive in chasing acquisitions in downturns.”

‘Poison pills are not for us’ says Tullow chief executive, when asked if it has plan to frustrate hostile bidders

“Pressure to perform” is resulting in investors making errors in what they buy, their expectations and their contingency plans for if/when things go belly up. Photograph: Brendan McDermid/Reuters

Research by State Street Global Advisors suggests that many investors contradict themselves

Alan Murphy: “. . .  we are Ireland’s only genuine full-service global law firm”

Legal firms slug it out for recognition at black-tie awards ceremony

RTÉ’s Bryan Dobson, the Reputations Agency’s Catherine Walsh, the Business Journalists’ Association of Ireland’s Sarah McCabe and Dublin Simon Community’s Mary Murray launching the 15th annual quiz, in aid of Dublin Simon Community. Photograph: conor healy

DAA is main sponsor of event which is marking its 15th year

 Ronan Harris: in charge of Google’s operations in Ireland

Ronan Harris takes over today as the person in charge of Google’s operations in Ireland

Businessman receives court permission to seek an injunction preventing the broadcast of an RTÉ News report

Michael Noonan: Told Catherine Murphy that Davy wrote to the department to confirm that Mr Carville had only advised Siteserv

Des Carville declared conflict of interest prior to his joining the Department of Finance

Edeka is Germany’s largest grocer with 26 per cent of the market. Photograph: Chris Radburn/PA Wire

Dublin-based firm’s purchase of Edeka shops brings value of its German assets to €270m

 Conor Dempsey of Gookies, Aidan Cotter, chief executive of Bord Bia, Gary Gartland of Coomara and John Paul O’Reilly, commercial director of Tesco Ireland at the  Tesco Tastebud initiative launch. Photograph: Jason Clarke Photography.

Retailer named as biggest buyer of Irish food and drink as it launches Tastebud initiative

Apple is considering directly funding at least six Irish renewable energy projects. Photograph: Yui Mok/PA Wire

Windfarm developers likely to top list of potential partners

Former Department of Finance secretary general John Moran (left) has denied a claim by former IBRC chairman Alan Dukes (right) that he sought an executive position at IBRC prior to taking up his role at the department. Photographs: Alan Betson and Nick Bradshaw.

Controversy over sale of company and IBRC deals continues as Varadkar backs review

Former IBRC chairman Alan Dukes at the  press conference he organised to discuss the sale of Siteserv. Photograph: Nick Bradshaw

Former IBRC chairman rejects criticism in documents over perceived excessive pay

Alan Dukes at the press conference in Dublin he organised to discuss the ongoing controversy over Siteserv. Photograph: Nick Bradshaw

Alan Dukes said it was ‘scandalous’ the review would look for evidence of criminality

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