Ryanair chief executive Michael O’Leary at the airline’s agm in Dublin on Thursday. Photograph: Nick Bradshaw

Airline may have to cut up to 700 pilots and cabin crew as it reins in planned expansion

The Kentucky Derby. The aim of   Jockey Club America is  to boost racing and breeding standards across North America

Plusvital’s research team has experience in thoroughbred genomics, including investigating inbreeding

Michael O’Leary argued that the deal was a “free bet” for shareholders as he would get nothing if he failed to double both the share price and profits. Photograph: Nick Bradshaw

Bonus scheme that could earn Ryanair chief executive €100m over five years narrowly approved

The inquiry heard that Michael Fingleton personally approved all profit-share loans. File photograph: Alan Betson/The Irish Times

Calls for safeguards from internal auditors over profit-share loans to property developers

Datalex acting chief executive Sean Corkery at the company’s agm on Tuesday, where shareholders agreed to adjourn discussion of Datalex’s 2018 financial statements to October 3rd. Photograph: Tom Honan

Review found irregularities at software company last year amid $50m losses

Key’s second fund will invest the cash into a similar mix of properties as its first.  Of that, 25 per cent to 35 per cent went into offices.

Investor’s new fund to focus on investments that add value or cash in on opportunities

A board-commissioned review published in May confirmed that there had been ‘significant accounting irregularities’ at Datalex last year. File photograph: Getty

Troubled travel software company issues statement in advance of agm on Tuesday

Oisin Murphy on Roaring Lion last year at the Irish Champions Weekend in Leopardstown. Photograph: ©INPHO/Ryan Byrne

Racecourse Media Group woos global stations’ interest in Irish Champions Weekend

Inspection facilities being built at Dublin Port in advance of Brexit. Photograph: Alan Betson/The Irish Times

A comprehensive guide to the massive impact likely if the UK crashes out of the EU

Some 1,422 of the loans are secured on private homes, while 510 are tied to buy-to-let properties. Photograph: Alan Betson

Mortgage holders' advocate believes Start will repossess most of 2,000 homes involved

Michael Stanley: ‘Given market demand for our product and delivery pipeline, we look forward to the full year with confidence.’ Photograph: Cyril Byrne

Company to return €45m to investors via first dividend and a share buyback scheme

In March, Greencoat increased its share of the Cloosh Valley wind farm in Co Galway to 25 per cent, investing €72 million. Photograph: iStock

Renewables company generated €27.1m in first six months, with pretax profit of €13.7m

Photograph: iStock

Dublin-based energy investor agrees deal with Glennmont on Gortahile wind farm

Photograph: Glennon Brothers

Longford-based family-owned sawmills also invested €20m in Fermoy plant

C&C  announced plans to move its stock market listing to London from Dublin Photograph: Nick Bradshaw

Markets report: C&C’s plan to list on London market sets drinks company’s stocks fizzing

BMD’s accounts show that Meptagon bought 32,813 shares in BMD, 75 per cent of the company, in March in a deal that neither party announced at the time.  Photograph: iStock

BMD’s accounts indicate 75% stake bought by Meptagon could have been worth €7m

Wind accounted for more than 85% of green electricity used in 12 months to end of June

Ervia and Norwegian group Equinor weighing plan to trap and store carbon dioxide

The Seabren deal is the first that the pair have done since Castlehaven joined forces with Avenue late last month. Photograph: Chris Ratcliffe/Bloomberg via Getty

Developer Michael Moran to use loan to build 71 homes in Blackrock and Ranelagh

The Lumcloon-Hanwha project is one of the biggest of its kind in Europe.

Lumcloon Energy joins forces with Hanwha Energy to build two plants in Co Offaly

A host of Brexit-exposed stocks recovered in Dublin as the House of Commons moved to stop Boris Johnson taking the UK out of the EU without a deal in just over seven weeks’ time

European shares boosted by Brexit moves and formation of new Italian government

Minister of State for Employment Pat Breen issued a sectoral employment order setting the rates that electrical contractors should pay employees. Photograph: Chris Bellew/Fennells

Court rules neither contractors nor workers required to contribute pending legal challenge

Aer Lingus aircraft at Dublin Airport. Under EU legislation, flights can be restricted only where other measures to ease aircraft noise will not work. Photograph: Cyril Byrne

Fingal County Council’s airport noise authority will be asked to alter planning conditions

BMD paid a dividend of €613,000 to shareholders last year. Photograph: iStock

Mechanical engineering contractor reports 43% rise in revenues to €49m last year

Left to right:  Wim De Jongh (Hope), Barbara-Anne (Bridewell), Peter Mosley (Porterhouse). Photograph: Maxwells

Microbreweries pay half excise rate under reliefs on alcohol tax granted to back industry

Eddie Wilson has worked at the airline for 22 years. Photograph: Garrett White

Michael O’Leary will remain as overall chief executive of group holding company

A protester depicting British prime minister Boris Johnson demonstrates at a protest outside Downing Street in London on Wednesday. Photograph: Will Oliver/EPA

US investors remain wary as country’s trade war with China drags on

Jysk intends to open 40 outlets in the Republic by 2021, giving it a forecasted turnover here of €70 million a year.

Strong performance of the Danish-owned furniture seller in Naas sparks decision to increase number of outlets

PM Group’s Larry Westman, Dave Murphy and Dan Flinter.  The company is ‘very focused on the USA, we want to build up our scale there,’ said Mr Westman

Engineer is hiring 200 new staff, half of those in the Republic, plus 100 graduates

‘This programme aligns with our commitment to maintaining our position as a leading investor in safety and innovation in the Irish aviation industry,’ said IAA chief executive Peter Kearney. Photograph: Getty Images

Propellor Shannon helping two companies to market with €2m backing from industry

Castlehaven recently agreed to finance the construction of 74 new homes that developer Patrick Durkan’s DRES is building in Delgany Co Wicklow. Photograph: iStock

Avenue Capital buys stake in Castlehaven Finance

Donald Trump told US companies “to immediately start looking for an alternative to China” in response to Beijing’s threat to impose retaliatory tariffs on US goods. Photograph: Getty

Glenveagh tumbles on news of chief executive’s departure

Kingspan chief executive Gene Murtagh said it was a strong performance from the company.

Company says ‘seismic transformations’ required to address issue of climate change

Flutter’s US subsidiary, Fanduel, has been expanding as individual states have legalised betting on sports. Photograph: EPA/Peter Joneleit

Flutter’s US subsidiary to open four bookie shops in midwest following court ruling

Some tech companies are already doing deals to fund renewable electricity generators. Photograph: iStock

Demand for electricity will increase as large energy users such as data centres expand or grow in number

Ryanair questioned why only 109 Ialpa members, 61 per cent of the total, actually voted in the ballot. File Photograph: Francois Lenoir/Reuters

High Court orders pilots’ union not to go ahead with strike pending full hearing

CRH chief executive Albert Manifold acknowledged that Brexit uncertainty had hit the Irish group’s UK business. Photograph: Cyril Byrne

Group reports record earnings of €1.54bn for first half

National Electrical Contractors Ireland members must  increase electricians’ pay to between €23.49 and €24.34 an hour, depending on service, from about €18 to €21 an hour. Photograph: iStock

Minister Pat Breen recently set the rates that electrical contractors should pay workers

German chancellor Angela Merkel: ready to ditch a balanced budget? Photograph: EPA

Irish banks boosted after period of underperformance

Ryanair argues that Ialpa’s demands would see some pilots doubling their pay to €346,000 a year. Photograph: Alberto Pizzoli/AFP/Getty

Airline may tell courts pilots had not fully exhausted mediation before serving notice

Ialpa has said that it remains committed to talks with Ryanair. Photograph: PA Wire

Ialpa members directly employed by airline are holding ballot on Friday

China’s yuan strengthened against the dollar and its exports unexpectedly returned to growth in July. Photograph: The New York Times

Kerry surges on strong first-half numbers

Weak sterling: The pound has dropped to a two-year low against the euro. Photograph: Chris Ratcliffe/Bloomberg

Pound faces abrupt bout of selling pressure as speculation rumbles about November poll

The decision to strike won support from 80% of directly employed Ryanair members of Balpa.  Photograph: PA Wire

Union sets August 22nd and September 2nd as stoppage dates

Peter Jackson, chief executive of Flutter Entertainment.  Photograph: Nick Bradshaw

Revenue grows but increased taxes and duties hit profit

The company last week warned that it could have to cut up to 900 pilot and cabin crew jobs in the face of delayed aircraft deliveries, which are hitting growth plans, falling fares and rising costs. Photograph: Reuters/Hannah McKay/File

Two unions submitted separate play claims at different times to the airline

Brexit risk: trucks wait to be loaded onto a ferry at Dublin Port. Photograph: Artur Widak / Getty Images.

Credit ratings agency rates the Republic a safe bet for lenders

 Cows stand beneath a sign for the diused Customs Office along the Irish Border   in Newry, Northern Ireland. Photograph:  Charles McQuillan/Getty Images

IntertradeIreland’s director of strategy and policy describes figures as ‘worrying’

CRH nameplate on Dublin office. Photograph: Brenda Fitzsimons

CRH’s €300m sale of awnings division biggest of 94 deals, says Investec

Figures from property website Perfect Property show that mainly rural counties enjoyed the highest increase in the prices at which houses sold. Photograph: Simon Dawson/Bloomberg via Getty Images

Average selling price in first half of year up 4% on 2018 first six months, claims website

Naturgy’s report states that demand for gas was higher than normal for the time of year in July as supply from some sources, such as Norway, was squeezed.

Wholesale electricity prices rose 14 per cent in July while gas rose 6 per cent, Naturgy says

An €896 million surplus at the end of July compared to a deficit of €277 million a year earlier. Photograph: iStock

Latest returns show increases in all of State's revenue sources, but income tax receipts still behind expectations

Connect Airways has hired Stobart’s previous managing director, Graeme Buchanan, as chief financial officer. Photograph: iStock

Andy Jolly to lead Aer Lingus regional operator

EU competition regulators on Friday ordered France to recover €8.5 million in illegal aid granted to Ryanair at Montpellier airport because it gave the Irish low-cost carrier an unfair advantage. Photograph: François Lenoir/Reuters

France seeks €8.5m from airline, as Italian fine upheld, and strikes called in Portugal

Aer Lingus chief executive Sean Doyle described the airline’s performance as “solid in a challenging market”.

Passenger charges row: Dublin Airport should be run by different people, says Willie Walsh

Kennedy Wilson recently finished a commercial and residential complex on the south bank of the Liffey, Capital Dock, which it owns in a 50/50 partnership with insurer Axa. Photograph: Dara Mac Dónaill

Developer intends spending more than €500 million in Dublin by 2022

Ryanair’s chief executive, Michael O’Leary, told staff this week that the airline had 500 more pilots and 400 more cabin crew than it needed. Sascha Steinbach/EPA

Thirty jobs at risk in Ryanair subsidiary Laudamotion

Health authorities in several European countries regard vapes as a less harmful alternative to tobacco, but the Government has not taken a position. Photograph: iStock

Juul is 35%-owned by Marlboro parent Altria

Ryanair confirmed that about 900 “current staff could be impacted” by layoffs. Photograph: Niall Carson/PA Wire

Michael O’Leary tells staff 500 pilots and 400 cabin crew surplus to requirements

Ryanair stock traded up as the news broke around midday on Wednesday. Photograph: François Lenoir/File Photo/Reuters

Ryanair shares rise 1.9% on news airline could cut up to 900 jobs in coming months

A spokesman for Ryanair confirmed the video’s authenticity and declined to comment further

Airline also says will need 600 fewer people than planned for next summer

Kevin Nowlan:  he knew of law, accountancy and other professional firms that were “out the door” with staff but not taking extra space because they feared a possible no-deal Brexit. Photograph: Tom Honan

Businesses lease more than 1.7m sq ft of offices in first half

Aer Lingus regarded DAA’s expansion plan as critical to developing Dublin Airport as a hub, the airline’s chief executive, Seán Doyle, said.

Airline could agree to increased charges in case of ‘financial challenges’, chief says

Ryanair Holdings will cut chief executive Michael O’Leary’s pay by 50 per cent to €500,000 and reduce his bonus to a maximum of the same amount, according to its annual report. Photograph:  Jonathan Brady/PA Wire

Chief executive was paid €3.73m last year and began new five-year contract on April 1st

Jeni Glasgow and Reuven Diaz of Eastern Seaboard restaurant and Brown Hound Bakery in Drogheda, where Baker Tilly accountant Sarah Jane O’Keeffe has just been appointed as interim examiner. Photograph: Barry Cronin

Baker Tilly accountant works in insolvency and has expertise in hospitality sector

Emirates country manager Enda Corneille: the carrier expects to have carried 2.5 million people on the Dublin-Dubai route

Carrier’s country manager would not rule out an Emirates service from Shannon in the long term

DAA says Commission for Aviation Regulation  proposals to cut Dublin Airport’s passenger charges to €7.50 a head between 2020 and 2024 would force it to slash spending plans by up to €1 billion. Photograph: Cathal McNaughton

DAA says cutting passenger charges by 22% would curb expansion of Dublin Airport

An aerial view of the former Irish Glass Bottle site in Ringsend, and adjoining land controlled by Nama.

New era beckons for this prime plot of development land on the Poolbeg peninsula

An Post’s    existing package offers staff six weeks’ pay for every year of service, up to a total of two years’ pay, if they choose redundancy. Photograph: Bryan O’Brien

The State company intends closing its Cork Mail Centre by the end of March 2020 with the loss of 240 jobs

Mario Draghi, president of the European Central Bank (ECB), speaks during a rates decision news conference in Frankfurt, Germany, on Thursday. Photograph: Bloomberg

Markets report: CRH boosted as US rivals outperform with results

Nama expects to return €4 billion to the State once its work is completed. The agency has already repaid €30.2 billion that it borrowed to buy the banks’ debts after it began work in 2009.

Brussels confirms move is in line with state aid rules

Bord na Móna: winding down its peat operations. Photograph: Cyril Byrne

Semi-State company, which is moving away from peat, lost €50m in its last financial year

Plans for the redevelopment of the ESB electricity plant at Shannonbridge, Co Offaly, have been turned down, which could lead to job losses at Bord na Móna. Photograph: Brenda Fitzsimons/The Irish Times

State company is spending millions as it moves to greener businesses

Ryanair pilots began balloting for industrial action, up to and including strike action, in a vote due to end on August 9th, indicating that any stoppages could begin in the middle of next month

Ialpa members begin ballot on industrial action, which could lead to strikes in August

Directly employed members of the Irish Airline Pilots’ Association  at Ryanair submitted a pay claim to the carrier in February, and are said to be angry at the company’s response

Pay claim is separate to the issues over which Ryanair pilots held series of strikes during last year’s summer holiday season

Online clothes retailer Asos plunged 23.19 per cent, wiping more than £500 million sterling off its value, after the company warned that profits would slump this year. Photograph: Reuters

Ryanair shares fall as EasyJet confirms it is hiring Irish carrier’s outgoing chief operating officer, Peter Bellew

Goodbody has cut its forecast of the number of new homes likely to be built in the Republic this year to 21,000 from 22,000

High prices are putting off potential buyers, report claims

Peter Bellew:  he originally joined Ryanair from Kerry Airport in 2001, where he was marketing manager. Photograph: Garrett White

Quarterly trading in line with expectations at the British budget airline

US aviation unions accuse Norwegian Air of using its Irish subsidiary as a flag of convenience to hire pilots and crews cheaply from agencies.

Move prompted by Irish-registered Norwegian Air International, congressman says

Minister for Finance Paschal Donohoe doubled betting tax this year to 2 per cent of turnover. Photograph: Clodagh Kilcoyne/Reuters

Measure under consideration would allow tax-free turnover of €2.5 million a year

Four reits – Green, Hibernia, Yew Grove and I-Res – listed on the Irish Stock Exchange between 2013 and last year. They own about €3.7 billion worth of property. Photograph: Cyril Byrne

Four listed trusts paid €93.49 million in dividends last year

 CDB said on Wednesday it had appointed Stephen Kavanagh, above, as a non-executive director to its board

Kavanagh stepped down as Aer Lingus chief executive last year

Ryanair is looking at cutting its bases from winter as the delays in the delivery of new aircraft are expected to hit passenger growth.

Delays in delivery of 737 Max aircraft will hit summer passenger growth

Lobby group Transport & Environment found that of the 214 EU airports that Ryanair serves, at least 35 are likely to have received government subsidies.

Taxpayers’ money propping up loss-making regional airports, lobby group says

Ardagh will receive $2.5 billion in cash from the Exal deal

Ardagh merging part of food tin business with Exal to create new multinational packaging group

DPL said the increase in building and  continued growth in the repair, maintenance, improvement and DIY markets influenced results

Profit at builders’ merchants chain up 24% to €2.45m as demand in sector increases

The funeral procession of founder Arthur Ryan passes the original Penneys store on Mary Street as staff form a guard of honour. Photograph: John Mc ElroyPhotograph: Brian Lawless/PA Wire

Shop workers form guard of honour as founder of clothing chain laid to rest

Ryanair chief operations officer Peter Bellew had “done great work over the past 18 months”, chief executive Michael O’Leary told the airline’s staff in a memo. Photograph: Garrett White

Move comes as airline restructures as holding company for operating businesses

US drug distributors gained but pharma lost as White House drops proposed rule forcing drug companies to hand discounts to patients rather than middlemen who negotiate purchases on behalf of insurers. Photograph:  Spencer Platt/Getty Images

Ryanair recovers from turbulence over executive departures and warnings on routes

Chief Operating Officer Peter Bellew, who is leaving the company in coming months, told pilots in a letter this week that delays in the delivery of the Max could result in the carrier closing and/or cutting back bases

Analysis: Pilots are not leaving the airline at the same rate as before as there are fewer opportunities outside the company

Consumers spent €26.26bn  in the first three months of this year, an increase of around 3%  on the first quarter of 2018

Irish people spent €142bn in 2018 as the economy continued to surge despite rising global uncertainty

A  public rally at the Player Wills site last January called on the Government to issue a compulsory purchase order and utilise the site for public housing. Photograph: Alan Betson

Developer and city council hope to join forces to build homes on Dublin site

Peter Bellew, Ryanair’s chief operating officer, said that Ryanair has a surplus of 300 pilots and is offering unpaid leave and job shares to pilots over the winter. Photograph: Ronald Wittek/EPA

Airline's Chief Operations Officer Peter Bellew is to step down at the end of the year, according to reports

Fergal O’Brien of Ibec says Minister for Finance Paschal Donohoe, above,  should cut capital gains tax to 12.5 per cent   in order to help entrepreneurs and to lure investment to indigenous companies. Photograph: Nick Bradshaw

Lobby group Ibec wants State’s corporate tax windfalls invested in improving infrastructure

Busy port traffic as walkers enjoy the sunshine on the South Wall. Photograph: Alan Betson

Projects include building bigger berths for larger ships to cope with increased traffic

A Royal Australian Air Force aircraft searches for Malaysia Airlines Flight MH370 in the southern Indian Ocean in 2014

New technology monitors aircraft location with GPS, as radar covers just 30% of globe

Arthur Ryan, second from left,  and Alma Carroll at the opening of Primark’s store in Boston in 2015, alongside Mayor Martin Walsh and  Primark chief executive Paul Marchant. Photograph: Josh Reynolds

Dublin man established Penneys and Primark as a major global fashion brand

Arthur Ryan, centre, talks with Primark chief executive  Paul Marchant in  2014. ‘I was fortunate enough to work closely with him and experience first-hand his sharp mind and innovative thinking,’ Mr Marchant said. Photograph: Javier Barbancho/Reuters

Retail giant passes away at 83 following short illness

Dublin Airport said June passenger numbers grew 4 per cent on the same month last year to exceed 3.2 million.

More than 15.5 million people travel through Ireland’s biggest airport in first half of 2019

Deutsche Bank gained ground after announcing that Garth Ritchie, the German lender’s head of investment banking, was stepping down.

Dalata stocks slide while Green Reit gains

Brendan Burgess: accuses Ulster Bank of wrongly suggesting that owner-occupier loans were 58 months, almost five years, in arrears. Photograph: Cyril Byrne

Brendan Burgess says deals should be struck to help borrowers clear mortgage arrears

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