N26 ponders Irish hub, clothing hire splurge, and aviation’s climate villains

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

Fast-growing digital bank N26 is weighing up plans to establish an Irish hub that could employ up to 100 people. Charlie Taylor reports.

Irish consumers "got the party started" in October, according to Revolut, with monthly spending on clothing hire surging 388 per cent as delayed weddings, communions and confirmations finally took place, writes Laura Slattery.

US real estate group Kennedy Wilson received cash distributions from its Irish joint ventures of just more than $25 million (€21.6 million) in the first nine months of this year, according to a prospectus filed late last week with the Secutities and Exchange Commission. Ciarán Hancock has the details.

In his weekly column, Eoin Burke-Kennedyexplains why Lufthansa, BA and Air France are bigger climate villains than Ryanair.


FT columnist Pilita Clark attended her sixth climate change conference in Glasgow last week, testing positive for Covid-19 and experiencing organisational mayhem that left her far from reassured about plans to save the planet.

Vendettas, toxic relations and €850 Aran-style jumpers are among the claims that will be aired in a legal battle involving Web Summit co-founder David Kelly on one side and the company and fellow co-founder Paddy Cosgrave on the other. Simon Carswell details some of the allegations being made in a case that is due in court today.

Some 58 per cent of large Irish companies have recorded an attempted cyberattack in the past 12 months, according to research by Accenture.

In Q&A, Dominic Coyle answers a query from a reader who wonders what expenses related to a property sale can be offset again capital gains tax.

In our Opinion piece, Central Bank of Ireland governor Gabriel Makhloufsays the financial regulator has an important role to play in combating climate change, something that will be central to its new five-year strategy.

Growth in Irish building activity accelerated again in October, with the sector expanding for the sixth consecutive month, according to Ulster Bank's construction purchasing managers' index. Laura Slattery reports.

In Me & My Money, Olwen McAuliffe, founder of Mimi & Bowe, tells Tony Clayton-Lea about how she puts her 'strong' family haggling gene to good use for her business.

Almost half of investors surveyed by PwC said they were willing to divest from companies that are not felt to be taking sufficient action on environmental, social and governance factors. Laura Slattery has the details.

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Ciarán Hancock

Ciarán Hancock

Ciarán Hancock is Business Editor of The Irish Times