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

The perennial rumours that Gary McGann was planning to step down as chief executive of Smurfit Kappa Group (SKG) were proved correct yesterday. (...)

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

It was a quiet day of trading yesterday as most markets across continental Europe remained closed for the May Day holiday. The Iseq in Dub(...)

ECB chief Mario Draghi said quantitative easing will continue until there’s sustained improvement in inflation. Photograph: Thierry Charlier/AFP/Getty Images

The Iseq in Dublin advanced by 1 per cent yesterday while UK stocks climbed to a 2008 high. The FTSE 100 in London added 0.3 per cent, as did the bro(...)

An oil field in Venezuela. Ruined by sanctions and the collapse in the price of oil, Venezuela’s economy is in convulsions. Photograph: AP Photo/Ana Maria Otero

The perils of operating in a highly unstable market, such as Venezuela, are outlined in some detail in the annual report of the Smurfit Kappa Group (S(...)

Gary McGann, chief executive officer, Smurfit Kappa, said that the group’s acquisition of CYBSA  reflects its continued commitment to increase its market presence in the Americas. (Photograph: Alan Betson / THE IRISH TIMES)

Irish paper and packaging manufacturer Smurfit Kappa has increased its presence ion the high growth Central American market through the acquisition o(...)

Gary McGann, chief executive officer of Smurfit Kappa Group

Paper and packaging manufacturing group Smurfit Kappa Group has reported third quarter earnings of €302 million and said it expects full-year earni(...)

Gary McGann, chief executive officer of Smurfit Kappa Group, says that the acquisitoin of Bates Container  will increase the group’s market presence in the US and provide it  with higher quality earnings in this region. Photograph: Alan Betson / THE IRISH TIMES

Paper and packaging manufacturing group Smurfit Kappa Group is to acquire Bates Container, a non-integrated corrugated packaging manufacturer in the s(...)

 Gary McGann: bagged himself a seat on the board of Green REIT.  Photograph: Alan Betson

The game of will he/won’t he retire keeps swirling around Gary McGann, the chief executive of the Smurfit Kappa group. The more board seats he picks u(...)

 Former chairman of Anglo Irish Bank Sean FitzPatrick, after being been acquitted on all charges. Photograph: Eric Luke / The Irish Times

After 43 days of evidence, the moment Seán FitzPatrick had been waiting for came just after 5pm today: acquittal. Less than an hour later he wa(...)

Smurfit Kappa group chief executive Gary McGann: “Europe is facing a major economic crisis because it is fundamentally uncompetitive and becoming more so by the day.” Photograph: Collins

Aside from the property bubble, what did for Ireland’s economy in the years to the crash was the fundamental loss of cost competitiveness of Ir(...)