Apartment building costs, INM and data breach, and Apple’s new computer

Business Today: the best news, analysis and comment from The Irish Times business desk

The total development cost of building a two-bed apartment now stands at about €440,000 as soaring inflation has added just under €27,000 to the bill since last year, a leading firm of project managers has calculated. Barry O'Halloran examines the numbers.

Newspaper publisher Mediahuis Ireland, previously known as Independent News & Media, has revealed in legal documents that INM's former chief executive for Ireland, Joe Webb, and Mandy Scott, the former INM chief executive Gavin O'Reilly's executive assistant, had the contents of their email accounts over many years secretly reconstructed in a data breach at INM in 2014. Mark Paul has the details.

Oil prices pushed ever higher yesterday as US president Joe Biden announced a ban on Russian crude imports following the invasion of Ukraine. Cliff Taylor and Martin Wall report on another turbulent day in energy markets.

Apple launched its new Mac Studio desktop computer at an event in the US last night. The cost of the computer will start at €2,349. Ciara O'Brien tuned into the event.


Financial Times columnist Andrew Hill says its time to end toxic practice of rewarding people for failure.

Having lain largely dormant since the departure of UK fashion retailer Topshop, one of Dublin's most prominent commercial buildings, 6-7 St Stephen's Green, is being offered to the market to purchase or to lease by its owners, Irish property company Iput. Ronald Quinlan has the details.

Ronald also writes that AIB is seeking ¤8.3 million from the sale of four former branches in Dublin, Galway and Limerick.

Also in commercial property, US investment group Davidson Kempnerwill be hoping to take advantage of the current investor appetite for retail parks by bringing three of the country's best-known regional schemes to the market for a combined €67.5 million.

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Ciarán Hancock

Ciarán Hancock

Ciarán Hancock is Business Editor of The Irish Times