ESB sues truck makers, Circle-K and cashless tills, and tax on share options

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

Alan Condron, left, director at Premium Cash Solutions, and Paul Dixon, regional director of operations at Circle K, which is introducing machines to eliminate the need for staff to handle cash from customers. Photograph: Andres Poveda.

Alan Condron, left, director at Premium Cash Solutions, and Paul Dixon, regional director of operations at Circle K, which is introducing machines to eliminate the need for staff to handle cash from customers. Photograph: Andres Poveda.

 

ESB has initiated legal actions against four of the world’s biggest truck manufacturers over their involvement in price fixing that, ESB will allege, pushed up the cost of the distinctive yellow trucks in the semi state company’s fleet. Mark Paul reports.

Most employees are in the dark about potential tax liability they may face on shares they receive from their employer or options to buy shares, a survey of 1,500 taxpayers by Taxback. com has revealed. Dominic Coyle assesses the findings.

Forecourt retailer Circle K has installed machines at 74 of its service stations to eliminate the need for staff to handle cash from customers. Mark Paul has the details.

The construction industry continued to expand quickly last month but builders were hampered by delivery delays due to Brexit and the pandemic while material costs also reached record highs in July, according to an Ulster Bank index tracking activity in the sector. Mark Paul has the details.

In our Opinion piece this week, leading property developer Michael O’Flynn says the Government’s land value proposals will only push up house prices, and is a headline-grabbing initiative that won’t lead to the construction of any new homes.

In her weekly column, Pilita Clark says it could be some time before business travel gets back to pre-pandemic levels but so what?

Workers are actively concerned that their pension savings should be invested in a way that respects environmental, social and governance (ESG) issues but not at any cost, according to a new study by Aviva. Dominic Coyle reports.

On a similar theme, FT columnist Andrew Edgecliffe-Johnson argues that companies that claim to care for society perpetuate the political dysfunction they lament, notably in the United States.

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