UK secretary of state for exiting the European Union David Davis (left) and the European Commission’s chief Brexit negotiator Michel Barnier at the start of a first full round of talks on Britain’s divorce terms from the European Union. Photograph: REUTERS/Yves Herman

Business Week: also in the news was house prices, mortgages, INM, and Budget 2018

Mr Canny said the renovations would cost in the region of €400,000. Photograph: Brenda Fitzsimons

Owner Barry Canny granted full restaurant licence to ‘change with the times’

Des O’Shea, Ulster Bank. Photograph: Shane O’Neill / SON Photographic

Des O’Shea tipped to bring ‘in-depth knowledge’ of the Irish market to the role

The company provides drug development, clinical trial management and resourcing solutions to pharmaceutical, biotechnology and medical device clients

New financial year ‘started well’ with contract wins of €5.7m for clinical trials group

On the “cost of doing business”, Ireland remains a “relatively expensive” location. Photograph: Bryan O’Brien

National Competitiveness Council examines range of indicators in 2017 scorecard

A  yacht  under construction  in Pisa, Italy.  Boats made   from fibre are sleeker and lighter, reducing  fuel consumption. Photographer: Alberto Bernasconi

Fibre could increase recycling ratio from 34% for steel structures to 75%

Merrion Square hosting the city spectacular. Irish Welcome Tours  has a relationship with more than 600 hotels and visitor attractions throughout the country

Michael Holland’s operation sells tours to holidaymakers travelling to Ireland

Tourists walking on seawall, Howth Harbour, Dublin

Both brands say they will continue to grow market position in Ireland and the UK

Facebook chief executive Mark Zuckerberg. The company is seeking to draw more businesses on to Facebook.

Collaboration between social media giant and Irish firms could help exporters grow

The redevelopment plan for the Tara Towers Hotel includes the construction of 70 residential units and a basement car park.

Replacement of existing Dublin hotel with mixed-use scheme including hotel planned

More than two-thirds of Irish households own the home they live in, and the majority of dwellings have six-figure valuations.’s new wealth report also shows the number of Irish ‘property millionaires’

Seasonally adjusted goods exports increased in May by €644 million, or 7%, to €10.2 billion, compared with April

Latest CSO figures show January-May balance running at €3.3bn above last year

Beacon South Quarter complex at Sandyford, Co Dublin. The new development, the Maple at Block B2B, cost €19.6 million. Photograph: Eric Luke

Several TDs attended a protest outside the offices of Ires Reit in response to the rents

Pictured are Darryl McNally, general manager and master distiller of Dublin Whiskey Company (left) and Quintessential Brands’ chief executive Warren Scott

Quintessential Brands owns the Dublin Liberties and the Dubliner Irish Whiskey brands

Minister of State for Public Procurement Patrick O Donovan, the Minister of Finance  Paschal Donohoe, and Minister of State for Financial Services and Insurance Michael Darcy  at the launch of the Summer Economic Statement on Wednesday. Photograph: Stephen Collins/Collins Photos

Business Week: also in the news were the housing crisis, Shell and Apple in Athenry

Minister for Jobs Frances Fitzgerald said she was “very impressed” by Shopify’s business model. Photograph: Getty Images

Shopify’s Irish staff are remote workers so they can work wherever they want

The ISE also hosted the largest initial public offering in Europe when AIB was floated by the Government in June

ISE’s official statistics for second quarter show there were 2,886 new bond listings

Tom O’Mahony, Origin chief executive: the firm’s acquisition of the fertiliser activities of Bunn Fertiliser earlier this year has fallen foul of UK competition authorities. Photograph: Eric Luke / THE IRISH TIMES

Company struck the £14.2m deal in March, but will now have to review situation

DCC’s new chief executive Donal Murphy (left) with outgoing chief executive Tommy Breen. Photograph: Eric Luke / THE IRISH TIMES

Donal Murphy spoke to The Irish Times after taking over from Tommy Breen at agm

Robert Pitt, left, chief executive, and Leslie Buckley, chairman, with fellow directors Ryan Preston and Jerome Kennedy. Photograph: Cyril Byrne

Jerome Kennedy will step down from his position at the company’s agm next month

According to Visa and Mastercard, more than 30 per cent of all payment card transactions are carried out online

Customers will now receive a pass code by text message rather than have a password

The pan-European STOXX 600 was up 0.4 per cent, slightly ahead of euro zone stocks and blue-chips

Elsewhere, it was a flat day on the markets, with the Iseq Index finishing up 0.1%

The number of venture capital deals closed in the first quarter of 2017 fell to twelve

But KPMG report says value of investments ‘remained robust’ at €97m in the quarter

Paul Costelloe and his daughter Jessica walk the runway after his show at London Fashion Week in 2011. Photograph: Gareth Cattermole/Getty Images

Pay to Costelloe and wife Anne also increase sharply over same period

In financial services, there was “strong demand” for risk and compliance professionals. Photograph: Bryan O’Brien

Separately, jobs for chefs, hotel workers and restaurant staff rise during second quarter

Kenmare Resources managing director Michael Carvill: said the business was benefiting from substantially higher average received prices compared with 2016. Photograph: Bryan O’Brien

Improvements in last six months will drive ‘increased margins’ for Irish mining business

The former Central Bank headquarters on Dame Street, which is set to be redeveloped by Hines and Peterson Group. Photograph: Matt Kavanagh

Deal marks HSBC’s first foray into the Irish commercial property sector

Apple announced plans in February 2015 to build the centre in Galway on the same day as it unveiled plans for another facility in Denmark

Proposed €850m data centre in Athenry would create hundreds of jobs

Spending increased by 1% during the quarter on an annual basis, with growth now having slowed in four successive quarters

Visa’s Irish Consumer Spending Index shows modest June improvement

SuperValu’s new store in Dundalk  will also include a butcher counter, fish counter and fresh bakery. Photograph: Mark Stedman/Photocall Ireland

New €25m Fairways development to include smaller retail units, coffee shop, and hotel

The retail sector called for a break in the link between rents and rates.

Ibec group Retail Ireland calls for overhaul of rates-collection system in policy paper

Artist’s impression of Johnny Ronan’s plan to build Dublin’s tallest building at Tara Street. The idea has been  scuppered.

Business Week: Exchequer returns, Brexit talks and Dublin developments

While stocks advanced on the perceived economic strength, the dollar and treasury markets focused on the implications for the Fed’s next rate hike

Quiet day for markets generally but US stocks rise on positive jobs news

The Garda advise businesses to be wary of poorly written emails with grammatical errors as potential elements of a scam.

Companies advised to be vigilant about large orders and to look out for signs of fraud

Car insurance: In January, figures from the Central Statistics Office showed the cost of motor insurance had risen by 51 per cent since early 2011.

Problems facing Irish insurance sector can be traced back to before financial crisis

Martin Shanahan, chief executive IDA Ireland. Photograph: Alan Betson / The Irish Times

Digital technology dominates July 4th lunch by American Chamber of Commerce Ireland

Subway’s most recent total turnover was calculated at approximately £515 million. Photograph: Kenneth O Halloran

Company aims to employ 24,000 full and part-time people in Ireland and UK by 2020

Nicola Byrne, who has also founded Cloud90 and RiskEye, takes over the role from Paschal McCarthy

Nicola Byrne has founded 11890 Directory Inquiries, Cloud90 and RiskEye

NCT figures also show that car tires were the primary cause of the 51.6 per cent test failures

Toyotas were the most tested cars with 228,651 vehicles and a 53% pass rate

Mount Wolseley Hotel Spa & Golf Resort, Co Carlow, which went to the market with a guide price of €14.25 million

Figures compare with 29 hotel sales totalling €136m in the same period last year

CBRE Ireland released statistics on Monday on the volume and value of development land sales in the Irish market

Property group CBRE Ireland said most deals comprised ‘relatively small’ lot sizes this year

Donal O’Connor is also a non-executive director of Perrigo Company and Theravance Biopharma

Donal O’Connor succeeded Sean FitzPatrick at Anglo in 2008 following resignation

Dalata operates the State’s two largest hotel brands, the Clayton and the Maldron hotels across Ireland and the UK

Company acquired lease of four hotels in a €40m deal in January 2016

Investec said firms were also investing in growing their inventories, with stocks of purchases returning to growth for the first time in 14 months

Services have not fallen below mark separating growth from contraction since 2012

Taoiseach Leo Varadkar with (from left) Bank of China’s Dublin branch manager Tian Jun; the bank’s chairman, Tian Guoli; and China’s ambassador to Ireland, Dr Yue Xiaoyong. Photograph: Maxwell

Business Week: housing crisis, Google fined, and another cyber attack

Figures from the Department of Enterprise show staff levels at the agency have dropped consistently over the past six years

It’s understood there has been increased support from Dublin since Brexit vote

The Irish branch of global bank Citi is to ditch formal work attire for the months of July and August.

Customers are unlikely to encounter bankers in Bermuda shorts, however

The Central Bank is seeking views on whether consumers are adequately protected under existing rules. Photograph: Matt Kavanagh

Regulator has invited submissions on current framework in light of increased activity

In Dublin, 3,838 “entire home” listings were booked at some point in 2016. Photograph: John MacDougall/AFP/Getty Images

Officials before Oireachtas housing committee to address impact on housing market

Former Fifa president Sepp Blatter is showered with fake banknotes at a press conference in 2015. Photograph: Arnd Wiegmann/Reuters

Marketing has become political, founder of governing body’s sponsorship strategy says

In New York the S&P 500 and the Dow Jones Industrial Average pared early losses in late morning trading

Quiet day on the Iseq but industrial companies generally down

Kevin Wall joined Barclays in 1981 and has held a variety of roles across the business

Wall succeeds Sasha Wiggins who will take up a new role

“We are looking forward to developing the site into a fantastic pub and hotel,” said Wetherspoon chairman Tim Martin

Development will create 200 jobs on site, with work due to start next year

The company said there had been an increase in the global demand for oil

Annual results show company made loss of €256,505, with net assets of €6.7m

The sale of the initial 25 per cent stake in AIB raised about €3 billion.

Business Week: Brexit talks begin, top 1000 companies, and repossessions increase

On the An Post appointments, Mr Naughten said he was “delighted” with the additions

Minister for Communications and Energy Denis Naughten welcomes new additions

 Minister of State with special responsibility for Financial Services and Insurance Michael D’Arcy: “I would like to see more claims going through the injuries board, but people are of the impression that they will get a higher reward through the courts.” Photograph: Dara Mac Dónaill

Michael D’Arcy says people paying huge premiums due to exaggerated claims

The Co Waterford facility uses locally-sourced woodchips to create a carbon neutral fuel source for the site

Move is part of company’s strategy to be carbon neutral by 2050

US pilot Chesley Sullenberger was hailed a hero in 2009 for landing a passenger jet in New York’s Hudson River

Birds, mammals - and even one recorded fish - can cause serious issues

There is a growing skills gap and talent shortage emerging within Limerick, according to new research.

Maynooth economist says skills shortage due to changes in industrial structure

Protestors against repossession cases at the court house, Castlebar, Co Mayo in 2015. “On any cost benefit analysis, this is taxpayers’ money down the drain,” said Edmund Honohan. Photograph: Keith Heneghan

Sell-off to vulture funds will push up evictions, costing taxpayers millions

A trader works at  the New York Stock Exchange

Hibernia Reit falls almost 3% as talk of scrapping Help-to-Buy scheme intensifies

Europcar chief executive Caroline Parot said  the acquisition of Goldcar was “an important step”  which would bring it to “a new stage” of European influence. Photograph; Getty Images

Company has said it will spend €500m on acquisitions to cope with markets changes

The National Skills Council was set up by Minister for Education Richard Bruton in April. Photograph: Jason Clarke

Latest Eurostat figures suggest fears of a skills shortage in State may be unfounded

Michael Noonan quietly exited the Department of Finance as  Paschal Donohoe was appointed Minister for Finance. File photograph: Clodagh Kilcoyne/Reuters

Business Week: Sale of AIB, Brexit latest – and no housing bubble to see here

Amazon founder and chief executive Jeff Bezos: news of Amazon’s $13.7 billion takeover of Whole Foods sent shockwaves through supermarket aisles. Photograph: Alex Wong/Getty Images

Busy day of trading in Dublin as UDG Healthcare enjoys strong performance

Irish League of Credit Unions headquarters. The Department of Finance concluded that the Credit Union Restructuring Board had completed its task and recommended its “orderly wind-down”.

Credit Union Restructuring Board to be wound down after Government report

Property-related SME loans declined by 11 per cent in the first quarter of 2017, compared with the same period last year

Irish SMEs repaid €2.9 billion more than was drawn down in new loans in first quarter

The move will enable businesses to benefit from “advanced advertising” across both Virgin TV and Sky platforms

Strategic partnership will give advertisers access to more than 30m viewers

Paschal Donohoe: new Taoiseach Leo Varadkar appointed Mr  Donohoe as Minister for Finance on Wednesday. Photograph: Eric Luke

Broad welcome for new Minister for Finance who is told to invest in capital infrastructure

  Jonathan Harding, senior vice president of Qatar Airways Europe,  and Dublin Airport managing director Vincent Harrison with  Qatar Airways cabin crew at the launch of the inaugural Dublin to Doha route at Dublin Airport. Photograph: Andres Poveda

Airline launches Dublin route as other gulf states impose blockade over alleged terrorist links

The drive to woo investors to buy shares in AIB in the next month is well under way. Photograph: Cyril Byrne

Business Week: warnings of another property bubble, corporate tax, and AIB

Three Irish banks were hit with multimillion euro fines in recent months after a Central Bank review.

New EU directive under discussion to increase scrutiny following recent attacks

The Boston Scientific site in Galway was first established in 1994 and employs over 3,000 people

New RoadRunner facility will welcome more than 300 international physicians per year

Pure Telecom has agreements with several of the Republic’s major wholesale telecoms providers. Photograph: PA

Separately, 78 jobs are to be created at a new medical device cyber security company

Although the UN report predicts a modest recovery of global FDI flows this year and next, they are expected to remain well below their 2007 peak. Photograph: Getty Images

UN says value of greenfield projects in developed countries down 9% compared to 2015

After yet another La Liga title and a record 12th Champions League victory, Madrid’s brand strength index score rose. Photograph: Javier Soriano/AFP/Getty Images

Premier League clubs make up six of the top ten most valuable football brands

Cpl chief executive Anne Heraty said the move would bring “immediate strategic value” for the company.

Jobs agency says Brexit-related issues causing uncertainty and market delays

Michael Noonan called the move a “significant milestone’’ for the Irish banking sector. Photograph: Alan Betson

Business Week: Nama profits, Ryanair results, and Bank of Ireland fined

“Our income tax system is one of the most progressive systems in the developed world,” said Michael Noonan. Photograph: Gareth Chaney/Collins

Departing Minister for Finance uses last major speech to defend his record

Guns N’ Roses at Slane Castle, Co Meath, last weekend: Snapchat was the most popular platform on which to share the live music experience.  Photograph: Dara Mac Dónaill

Network has published figures that show social media led the way for data usage

Cork developer Michael O’Flynn told Newstalk on Friday that Nama was using Michael Noonan to deflect from the housing crisis. Photograph: Brenda Fitzsimons

Minister confirms target of vacant sites levy will be landowners sitting on sites in expectaiton of higher prices

Currently, most parts of a smart phone are made of silicon and other compounds, which are expensive and break easily. (Photograph: iStock)

New material discovered could bring an end to cracked phone screens

Minister of State for Training, Skills and Innovation John Halligan said he was “delighted to be involved” in the apprenticeships

Ibec says 1,100 new apprentices will be registered by 2025 in medtech sector

“I am pleased to report that the improved trading momentum has continued,” said chairman Richard Segal

Online booking platform is holding its annual general meeting on Thursday

US president Donald Trump has pledged to introduce tax reform

New research shows companies are delaying or altering plans ahead of US tax reforms

Nama chief executive Brendan McDonagh and chairman Frank Daly at the publication of the agency’s annual report. Photograph: Maxwell

Agency expects to have earned €3 billion surplus for State by end of the decade

The latest Investec Manufacturing PMI Ireland report shows a strengthening in the rate of growth in activity to a 22 month high

Roughly twice as many in sector signalled a rise in new business as opposed to a fall

Under the scheme, certain customers taking out a life insurance policy will receive a free Garmin Vivosmart HR device (above)

Wearble technology initiative being piloted by Zurich Life Assurance

Chas Moloney, director of Ricoh Ireland and UK

New survey also reveals pressure on employers to do more on digital training

Rosanne Longmore, CEO, Coroflo pictured with Aidan D’Arcy, Head of Business Virgin Media Ireland

Dublin-based Coroflo awarded €6,000, and will also meet Richard Branson, a digital startup which uses machine learning and artificial intelligence to support recruitment processes, has secured €30,000 in follow-on investment at an NDRC investor day.  Pictured left to right are: David Tighe, head of innovation, Bank of Ireland, Andreea Wade, CEO and co-founder of, and Ben Hurley, CEO of NDRC. Photograph:  Shane O’Neill

There were nine companies pitching to a panel of investors at an NDRC investor day

Average cattle farm incomes remain quite low, at just €12,908 for cattle rearing farms in 2016

Teagasc National Farm Survey shows direct payments to farmers increased

The Central Bank has “absolutely no tolerance” for companies that are not substantively run from the Republic. Photograph: Alan Betson

Regulator says it is talking to ‘scores’ of firms about moving to Dublin after Britain leaves

Dermot Smurfit, CEO of GAN, and Desmond Glass, chief financial officer of GAN

Firm run by Dermot Smurfit junior also saw operating costs rise 12%

Miriam O’Callaghan was the fifth highest paid presenter at RTÉ in 2014, with pay of €280,445

Profits at company fell from €35,938 in 2015 to €25,719 last year

Brian Fox Regatta Ireland director Brian Fox: “We are delighted to see our business growing following some turbulent years”

Company says expansion linked to multimillion euro turnovers in recent years

There was a minor sell-off in Ryanair, which was down about 1% on the day ahead of earnings results  Tuesday

Quiet day on the markets due to holidays in the UK and US

 Seán FitzPatrick with his daughter Sarah talking to the media while leaving the courts today. He was acquitted yesterday on all charges after a ruling from a judge on day 126 of the trial. Photograph: Sam Boal/

Business Week: Housing crisis, Setanta Insurance, Ryanair and Budget 2018

Ireland Strategic Investment Fund director Eugene O’Callaghan: fund is “acting as a major catalyst” for stimulating private sector investment in Irish businesses. Photograph: Dara Mac Dónaill

Fund and co-investors have now committed €8.1bn to investments in the Republic

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