Higher turnover at Doyle hotels, the IDA’s plan for data centres, Brexit jobs and AIB fees

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

The Westbury Hotel in Dublin, part of the Doyle Collection. Photograph: Dara Mac Dónaill / The Irish Times

The Westbury Hotel in Dublin, part of the Doyle Collection. Photograph: Dara Mac Dónaill / The Irish Times

 

The Doyle Collection hotel chain increased its turnover last year by €2 million in spite of the impact of weaker sterling and dollar translations on its euro-denominated accounts. And trading this year is said to be “positive”. Ciarán Hancock has the story.

The IDA has hired consultants to scope out potential locations for new data centres. It is also considering securing advance planning permission for some of them to avoid a repeat of Apple’s recent difficulties in securing permission to build an €850 million facility in Athenry, Co Galway. Barry O’Halloran has the details.

As Joe Brennan reports, Irish stockbrokers Davy and Goodbody received a sizeable share of the fees paid to financial advisers on AIB’s stock market flotation from earlier this year.

Michael D’Arcy, the minister of state with responsibility for financial services, told our Washington DC correspondent Suzanne Lynch that, contrary to popular opinion, the Central Bank’s approach to regulation was not costing up post-Brexit investment and jobs.

In their weekly columns, Chris Johns warns that should the hard Brexiteers get their wish, the first casualty will be sterling while Pilita Clark says that if you make a gaffe by email, the best thing to do is to apologise and move on. Don’t ever try to recall it.

Have a not-too-stormy Monday.