FBD battered share price, Square bidders, Microsoft’s legal case, and Bus Éireann losses

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

Bus Éireann made a loss of €9.3 million last year and relies on the support of CIÉ to continue as a going concern. Photograph: Dara Mac Dónaill / The Irish Times

Bus Éireann made a loss of €9.3 million last year and relies on the support of CIÉ to continue as a going concern. Photograph: Dara Mac Dónaill / The Irish Times

 

FBD’s share price was battered somewhat as Hurricane Ophelia blew across Ireland, while businesses in all other sectors of the economy assessed the damage from the storm. Joe Brennan and Mark Paul report

The sale of the Square shopping centre in Tallaght is entering the home straight. BlackRock, Oaktree and Orion Capital Managers are in contention and Joe Brennan has all the details.

The Supreme Court of the United States will hear an appeal by the US government in a case involving efforts to get Microsoft to hand over emails held on its servers in Dublin. Elaine Edwards has the latest twist in this saga.

In her media and marketing column, Laura Slattery examines what’s next for Independent News & Media in the wake of Robert Pitt’s departure as chief executive following a boardroom spat.

In Cantillon, we reflect on Bus Éireann’s increased staff numbers and payroll costs in spite of mounting losses, unreliable official housing data, and the need for more remote working.

Here’s hoping for a storm-free Tuesday