Michael O’Flynn in the High Court: ‘I gave nobody any instruction to do this’

Developer tells High Court he did not sanction application for student apartments

Growth in Dublin was just 2%, but it still accounted for the biggest single share of all completions at 7,055. File photograph: PA

Figure below 26,500 completions the Central Bank says are needed each year to 2030

Developer Michael O’Flynn told the High Court that Patrick Cox had downloaded 36,677 internal documents to an external hard drive in May 2015, months before he left. Photograph: Collins Courts

Court hears of claim development group manipulated sale of English sites in 2012

Michael O’Flynn said that the group placed “huge trust” in Patrick Cox, the son of former European Parliament president, Pat Cox. Photograph: iStock

Michael O’Flynn says Patrick secretly made calls in relation to own plan

Several O’Flynn group companies are suing former employees Patrick Cox, Liam Foley and Eoghan Kearney for using information taken from the business to develop their own projects.

High Court told Patrick Cox used confidential data to build city centre student block

The Commission for Aviation Regulation  ruled in October that  the Dublin Airport Authority should cut the levy to an average of €7.87 a passenger over the five years to 2024.  Photograph: Kate Geraghty

Department sets January 24th as closing date for appeals to aviation regulator’s ruling

Natural gas prices were down 40 per cent in 2019.

Wholesale electricity prices fell 13 per cent in December, Bord Gáis index shows

Almost all the 1,000 adults who took part in the survey agreed that the Republic should contribute to the development of new medicines.

Almost half surveyed say cancer is the disease science has greatest potential to cure

House price inflation slowed through 2019 to 0.9% in October as the Central Bank tightened the rules governing mortgages and uncertainty grew over the UK’s plan to leave the EU. Photograph: Getty Images

Buoyant sales of goods and services abroad and expanding multinational employers expected to boost Republic’s economy in 2020

Commercial activity, which includes building offices, shops and factories, was at 53.6 on  Ulster Bank’s construction purchasing managers’ index in December

Reduced Brexit uncertainty cited as source for increase in construction activity at the end of 2019

Northcliffe House, offices of British newspaper the Daily Mail in London. Once the Daily Mail owner informed the CCPC, it had to wait for the regulator to investigate the transaction. Photograph: Getty Images

DMGT recently agreed to buy JPIMedia, owner of UK daily newspaper I for £50m

Cairn will issue a 2019 trading statement next week. Photograph: Nick Bradshaw

Angelo Gordon and Carysfort do second deal with listed house builder

Developer Michael O’Flynn: Senior counsel Michael Cush said that the O’Flynn group calculated that it lost €12.5 million alone from one deal involving a site on Gardiner Street, Dublin. Photograph: Brenda Fitzsimons/The Irish Times

Developer alleges Patrick Cox and others concealed investment opportunities

Outgoing  IAG chief Willie Walsh: IAG have named Iberia CEO Luis Gallego as his successor. Photograph: Daniel Leal-Olivas/AFP via Getty Images

Irish airline is now IAG’s top performer, and set to add more transatlantic routes

Airlines proved popular with investors on Thursday. Photograph: AFP

Airlines see boost across global stockmarkets as Middle East crisis begins to cool

Obton and Shannon Energy intend spending €300 million over three years on building solar farms that will generate up to 500MW of electricity.

Shannon Energy and Danish group in joint venture to develop renewable energy

Renewable energy such as wind is helping to bring down the wholesale cost of electricity. Photograph: Ben Curtis/PA Photo

Naturgy says businesses’ energy costs fell in 2019, aided by a record 40 per cent drop in gas prices

Avolon chief executive Dómhnal Slattery with Taoiseach Leo Varadkar at the official opening of the company’s global headquarters in Ballsbridge. Photograph: Robbie Reynolds

Aircraft leasing company paid investors dividend of $285m in final quarter of 2019

Ryanair closed 1.91% up at €14.91 amid analyst predictions of a good 2020 for air travel. File photograph: Artur Widak/NurPhoto via Getty Images

Ryanair and IAG enjoy strong starts to new year but Tullow Oil slides almost 7%

Tullow Oil’s offices in Leopardstown: The group found less oil than hoped at offshore well in Guyana

Exploration company’s shares tumbled 20% in early trade in London

Mortgage lending to first-time buyers has increased by 15 per cent. File photograph: Cyril Byrne/The Irish Times

Income to house-price ratio declines for first time since 2012, to 6.8 times average salary

The law governing how Dublin Airport’s charges are set allows the DAA to appeal the Commission for Aviation Regulation’s ruling to a panel appointed by the Minister

DAA claims it cannot pay for a planned €2bn expansion to the airport if the charges are cut to €7.87 a passenger

While airports provide security staff and equipment they must meet standards set by the EU, which the IAA enforces in the Republic

Irish Aviation Authority will charge State’s airports five cent per departing passenger for overseeing and supervising security

Ryanair’s departing chief operations officer Peter Bellew. Photograph: Garrett White

High Court to decide whether departing operations chief can join EasyJet next month

Lufthansa  employs more than 750 people in Shannon, Co Clare, where it overhauls aircraft and maintains engine parts. Photograph: Patrik Stollarz/AFP/Getty

Minor aircraft engine repair business in Kildare could create up to 150 jobs

Donegal Airport will benefit from a Government funding programme. Photograph: Owen Clarke

Funds will help cover running costs at Donegal, Kerry and Knock

John Mulcahy: “The board has not made any decision as to the type of dividend we will issue and when,” said the Glenveagh chairman.

House builder says resolution consistent with longer-term capital returns

A Black Jack table in the Fitzwilliam Card Club in Dublin. Photograph: Aidan Crawley

The business blamed the new Gaming and Lotteries (Amendment) Act, 2019 for its decision, saying parts of the law, passed last week(...)

Wall Street hit highs for the third straight session after a US-China deal suspended tariffs on consumer goods that could have applied from this week. Photograph: Justin Lane/EPA

In Dublin, Kerry shares fall almost 3% as food group misses out on deal to buy DuPont unit

Former Ryanair chief operating officer Peter Bellew; “He [Mr O’Leary] started threatening me with litigation on the phone, so the call ended with his threats.” Photograph: Collins Courts

Departing chief operations officer says it was ‘very clear’ airline’s boss wanted him gone

Former chief operations officer of Ryanair Peter Bellew leaves the Four Courts on Tuesday after a High Court action. Photograph: Collins Courts

Exiting executive Peter Bellew argues share options based on 2018 profit target ‘obsolete’

Former Ryanair chief operating officer Peter Bellew: The airline is suing him to prevent him joining Easyjet. Photograph: Collins Courts

Court told that meetings to tackle pilot absenteeism sometimes had ‘bad outcomes’

The National Competitiveness Council says it is concerned about the high cost of doing business in the Republic. Photograph: Dara Mac Dónaill

Research warns that borrowing and legal costs are other key risks to business

Former chief operations officer of Ryanair Peter Bellew pictured leaving the High Court on Tuesday. Photograph: Collins Courts

Court hears claim airline missed Italian rental opportunity because of Bellew delay

Ryanair chief executive Michael O’Leary pictured at the Four Courts last week during a High Court action against former Ryanair chief operations officer Peter Bellew. Photograph: Collins

Mr Justice Senan Allen lifts restriction on publication of profit target following legal submissions from The Irish Times and INM

Ryanair originally expected to have 20 737 Max aircraft before the end of its current financial year on March 31st, 2020, but may not begin receiving them until after Christmas. Photograph: Gerard Julien/AFP

Irish airline to pay $1.6 million extra per aircraft for ‘buyer furnished’ equipment

NYSE traders work on the floor  at the start of the trading day,  December 9th.  Photograph: Epa/Justin Lane

Markets report: aviation shares slump while Tesco’s expansion plans boost performance

Esprit Investments, owned by Swiss-based Irish millionaire Eric Kinsella, is buying Ouzos Restaurant in Dalkey Dublin, with chef and existing shareholder Raouf Djeffal.

Unsecured creditors to get 17.5% of €700,000 owed by Dublin restaurant and pub group

Ryanair’s Michael O’Leary pictured at the Four Courts. Photograph: Collins

Contract terms and conditions and a share option snub are at the heart of the courtroom clashes between Michael O’Leary and Peter (...)

Ryanair is asking the court to stop its outgoing chief operations officer, Peter Bellew, from joining rival EasyJet in January.

Matter arose during action to stop outgoing executive from joining rival in January

Former Ryanair chief operating officer Peter Bellew has pledged to maintain his confidentiality obligations to Ryanair after joining Easyjet. Photograph: Reuters

O’Leary says he was not happy with handling of pilot sick leave by Peter Bellew, who is being sued by Ryanair

Ervia has been weighing the possibility of capturing carbon dioxide and other emissions from electricity generators and storing them in the near-disused Kinsale natural gas field.

European Commission move allows State utility to apply for backing from €30bn fund

Ryanair’s Michael O Leary pictured at the Four Courts on Wednesday for a High Court action against former Ryanair chief operating officer Peter Bellew. Photograph: Collins

O’Leary tells High Court that COO Bellew handled certification issue ‘very well’

Outgoing Ryanair chief operating officer Peter Bellew leaves court. Photograph: Collins

Ryanair boss gives evidence in action to prevent executive from joining EasyJet

Ryanair’s annual report and filings with the US Securities and Exchange Commission show it has given share options to senior managers several times since 2014. Photograph: Raul Caro/EPA

High Court action to prevent outgoing COO joining rival Easyjet next month set to begin

Kingspan chief executive Gene Murtagh: he said climate change was the most important issue facing the world

Cavan-based Kingspan says its operations produce around 300,000 tonnes of carbon-dioxide every year

Turnover at Crewlink rose 14 per cent to €98.2 million in 2018 from €86.33 million the previous year. Photograph: François Lenoir/Reuters

Pretax profit falls more than 80 per cent despite turnover nearing €100 million

Kollect chief executive John O’Connor says Swedish investors’ interest in businesses focused on sustainability prompted  the company to float there

The Irish start-up plans on raising €2.33m by selling 1.78m shares at €1.33 each

Bank of Ireland’s latest systems crash came just a day after problems with its payments system prevented customers’ wages from arriving in their accounts. Photograph: Frantzesco Kangaris/Bloomberg

Customers’ cards and payments not hit by failure but online access was affected

Ryanair’s chief operating officer, Peter Bellew. Photograph: Garrett White

Airline says clause bars chief operating officer Peter Bellew from joining rival

 Patrick Lordan, Garda National Economic Crime Bureau, Ian Drennan, ODCE, Derville Rowland, Central Bank, Pat Clavin, CAB and Kenan Furlong, A&L Goodbody at the summit in  Dublin. Photograph: Orla Murray/SON Photo

Crime conference hears gyms, nail bars, barbers and motor trade used to launder drug money

Shanghai is China’s biggest city and the world’s fifth biggest financial centre.  Photograph: iStock

Juneyao Air will fly twice a week from Dublin to China’s biggest city

Ryanair’s lawsuit to prevent chief operating officer, Peter Bellew, from joining rival Easyjet next year is due back in court later this week. Photograph: Alan Betson

Airline looking to stop former chief operating officer Peter Bellew joining rival Easyjet

Intel  is one of the Republic’s biggest electricity users, taking its power directly from the national grid. Photograph: Getty Images

The US chip-maker this week got permission to build a new €3.6bn factory at its site in Leixlip

It is  calculated that a 30%  increase in air fares would cut traffic by around the same figure.  Photograph:  Getty Images

Commission eyeing carbon levy – economist Colm McCarthy

The Guinness Storehouse, one of Dublin’s major tourist attractions

While tourism has brought economic benefits to many regions of the world, its environmental impact has largely been ignored

AIB climbed 3.72%  to €2.786 while Bank of Ireland rose 3.45%  to €4.26.

Irish banks claw back some ground in testing week

Work in progress at the national children’s hospital site at St James’s earlier in 2019. Photograph: Dara Mac Donaill

BAM Ireland, firm behind spiralling cost site, says building industry in ‘fragile state’

The organisation’s outlook comes days after the State’s Central Statistics Office said that a record 2.3 million people were working on the Republic. Photograph: iStock

Think tank also expects unemployment to keep falling to ‘historically very low levels’

ESB and Equinor said that they hoped to have the wind farms operating by 2030. Photograph: iStock

Electricity companies will seek suitable sites for generating plants off the Irish coast

Rory Montgomery has been hired by Vulcan as a special adviser.  Photograph: Alan Betson

Rory Montgomery, a former representative to the EU, will advise clients on strategy

Wholesale electricity prices could hit €60 a MWh by 2022 as the Republic shuts coal and peat plants and energy demand grows, a report published on Tuesday says.

All-Ireland electricity demand to hit 44 terawatt hours by 2022, report says

An emerging battle for Spain’s stock market operator failed to boost European shares. Photograph: Juan Medina/File Photo/Reuters

Glenveagh shares advance on back of formal deal with Reit for 118 homes in Co Dublin

Experts have calculated that, by the end of 2020, consumers and businesses will have paid an extra €1.9bn this century to fund price supports for wind-generated electricity

Electricity customers here will have to pay more in future to support the development of wind farms and other renewables

IAG said profit was down as a British Airways strike hit results. Photograph: Chris Ratcliffe/Bloomberg

IAG chief Willie Walsh said that the move is being considered in light of “macro economic” weakness in Europe

The Banking & Payments Federation of Ireland says people drew down 11,794 mortgages in the three months to the end of September 2019. Photograph: Aidan Crawley/Bloomberg

At close to 12,000, loan numbers up 8.5% on same quarter of 2018, industry body says

Dublin-based Virtual Access supplies mobile communications equipment to utilities, electricity grids and other industries around the world. Photograph: Getty Images/Cultura RF

Beijer agrees to buy Dublin-based Virtual Access on a cash, debt-free basis

 Peugeot stock hit a 12-month high of €27.06 during trade in Paris on Wednesday before paring that back to close at €26.05.

Markets report: Merger talks drive up Peugeot SA and FCA

Shannonbridge, Co Offaly. ESB has confirmed  it sought aid to dismantle both Lough Ree and West Offaly stations, and did not rule out closing the pair.

Move could cost hundreds of jobs at fellow State company Bord na Móna

None of the companies exploring for oil and gas in Irish waters rated the industry’s prospects as “extremely favourable” over the next two years. Photograph:  Shell E&P Ireland Limited

Taoiseach told the UN that the Republic intended banning oil exploration in its Atlantic territorial waters

Irish people spend more than €1.2 billion a year shopping in Aldi. The company has 12.5 per cent of the market, which is estimated to be worth €10 billion.

Locals, nearby businesses and others including retail lobbyist RGDATA oppose plan

The State adds the levy to all electricity bills to pay for price supports given to renewable energy generators, such as wind farms.

Move will reduce electricity bills for homes and businesses by almost €33m over year

Cyprus: Last week, Bidx1 sold €9.5 million worth of homes, shops, offices and land in its various cities such as Larnaca, Limassol, Nicosia and Paphos.

Irish online real estate auctioneer to offer 100 Spanish properties to bidders on Wednesday

‘The manure produced daily by two horses can generate heat for a single family home for a year.’ File photograph: Tom Honan/The Irish Times

State is Europe’s biggest producer of thoroughbreds

Circle K: has a staff of 2,200 people across the Republic.

Operator’s latest opening, Kilcullen service station, will cater for thousands every day

The Scandinavian group entered the Irish market recently with plans to spend €1.5 billion on building renewable energy plants. Photograph: iStock

Norwegian giant buys nine developments from local player JBM

The Commission for Aviation Regulation sets the fees that Dublin Airport charges airlines for the passengers who fly from the facility. Photograph: iStock

Regulator said charges should be reduced by up to 18%

Twitter results disappointed the market on Thursday. Photograph: EPA

Iseq dragged down by Irish banks with both Bank of Ireland and AIB under pressure

Heitman has not named the sellers but it is understood that they are private individuals rather than one of the investment funds. Photograph: iStock

Republic’s newest institutional landlord Heitman has bought 27 buildings in capital

Renewable Gas Forum Ireland believes converting slurry and silage to biomethane could cut carbon emissions by 2.6 million tonnes annually boost the rural economy. File photograph: Getty

Consumers could pay extra €5.70 monthly to fund farm-waste conversion into gas and cut emissions

Shannon Group’s chief operating officer Ray O’Driscoll, CEO Mary Considine and chairman Rose Hynes

First new hangar built in Republic in 20 years will be completed by end of the year

Ryanair  has booked two lines at the Jordanian company’s facility from next month through to March 2020, where the Boeing aircraft will be checked

Joramco says it has signed a maintenance agreement for the first time with the Irish airline

A property in Dublin acquired by US-based investor Heitman

Chicago-based property group says it was attracted by capital’s housing squeeze

Whispr is working on a pilot project at Madrid Airport with Spanish carrier Iberia involving maintenance checks on Airbus A350 aircraft. Photograph: Steve Parsons/PA Wire

Irish-Danish company converts airline manuals and checklists into voice instructions

 Richard Conroy, chairman of Karelian Diamond Resources. Photograph: Cyril Byrne

Rebel investors in diamond mining firm blame Conroy for ‘zero returns’ in 14 years

Shannon Group’s board confirmed on Friday that it has formally appointed Mary Considine as chief executive for a seven-year term.

Deputy chief executive steps into top job at State company

WeWork ditched controversial plans to float on the US stock exchange earlier this year. Photograph: Kiyoshi Ota/Bloomberg

Analyst says Dublin market could absorb impact of any difficulties on its Irish business

JetBlue and Aer Lingus have been partners for almost 12 years. Photograph: iStock

JetBlue and Norwegian to allow passengers to book connecting flights on single ticket

Comreg will begin consulting with telecoms companies early next year on the system it uses for calculating what Eircom – now trading as Eir – can charge rivals for using its network. Photograph: Alan Betson/The Irish Times

Rule change allowed network owner Eircom charge rivals €170 when a customer switched

Irish businesses have grown exports of dairy products to Arab countries by 37 per cent to €140 million

Sales to 13 Arab nations projected to double to almost €12bn in next 15 years – report

The Commission for Aviation Regulation in May proposed cutting the Dublin Airport’s charges to €7.50 a head for the next five years, from €9.30.

Commission for Aviation Regulation set to publish decision next week

The proposed scheme will involve an auction through which those players that provide the cheapest power will get support. File photograph: The Irish Times

Companies plan to build offshore wind farm 10km off east coast and close to the capital

Peter Bough, Aldi Ireland’s buying director (left) and Bernard Broderick, director of Broderick's: the two companies have signed a €6.5 million one-year extension to  their bakery goods supply deal.

Dublin-based confectionery firm set to experience sweet taste of success after contract renewed

Wall Street advanced on strong earnings data from JPMorgan, UnitedHealth and Johnson & Johnson. File photograph: Getty

Markets: Positive Brexit sentiment drives share values in Dublin and London

IAG chief executive Willie Walsh. Aer Lingus postponed the launch of a Dublin-Montreal service to summer 2020 from this year following a hold-up in the delivery of new Airbus A321 long range. Photograph: Nick Bradshaw

Walsh says issue forced airline to postpone new Dublin-North America services

IAG chief executive Willie Walsh said British Airways would begin investing in projects that reduce carbon emissions to “offset” greenhouse gas produced by its UK domestic flights. Photograph: Niall Carson/PA Wire

British Airways to invest in offsetting emissions produced by its UK domestic flights

Aer Lingus said that it was committed to speaking to catering workers about its plans over the coming weeks. Photograph: Clodagh Kilcoyne/Reuters

Irish carrier will begin talks with unions representing staff who provide in-flight catering services

Newenham Mulligan’s association with the newly rebuilt Curragh grandstand (above) and the proposed redevelopment of the RDS arena, which hosts Leinster rugby home games and the Dublin Horse Show, put the firm in the spotlight recently

Company says it is committed to ‘orderly winding-down’ with creditors’ meeting

Harold’s Cross Greyhound Stadium  was sold last year to the Department of Education. Photograph: James Crombie/Inpho

Greyhound racing body sold Dublin dog track to Department of Education for €23m

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