Irish bond prices move, Web Summit claims, and good riddance to restrictions

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

Irish government bonds were caught up in an international sell-off yesterday, sparked by signs that central banks may increase interest rates more quickly than had been expected to fight inflation. According to Cliff Taylor, this is likely to signal an increase in the cost of borrowing for the State this year.

Web Summit chief Paddy Cosgrave has hit back at bullying claims made by former business partner Daire Hickey saying there were aimed at damaging him in the tech community. Simon Carswell has read the court papers.

Dilosk, the Irish non-bank mortgage lender, said that owner-occupier and buy-to-let loans under its ICS Mortgages brand rose by 143 per cent last year to €530 million, outpacing wider market growth and its own forecasts, writes Joe Brennan.

Sky Ireland is expected to add the relaunched BBC Three (the channel that launched Gavin & Stacey) to its electronic programme guide in the coming weeks, while Virgin Media Ireland has indicated that it is "in discussions" about carrying the channel on its service again. Laura Slattery has the details.

AIB has named Hilary Gormley, who has been with the group for more than three decades, as the next managing director of its UK unit, which has undergone a major restructuring in recent times. Joe Brennan reports.

CroíValve, an Irish medtech company that has developed a minimally invasive device to treat defective heart valves, has raised $8 million (€7 million) in funding. Charlie Taylor has the details.

Our Agenda this week looks at spiralling wage inflation, which is a boon for staff but a headache for employers and an extra cost on consumers. Mark Paul tells the story.

In Caveat, Mark Paul says good riddance to the many Covid-19 restrictions that had locked down the economy since March 2020. We should never see their like again.

In Wild Geese, Wicklow native Jonathan Redmond explains his passion for the outdoors and why he left behind a potential career in landscape architecture to become a mountaineering instructor and guide.

Exit interviews – a tool for staff retention or just a waste of time? Olive Keogh has the answer in our World of Work feature.

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