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

Energia Group’s Ian Thom: “We’re looking at a number of sites for offshore. I think most of it is going to be off the east coast.” Photograph: Nick Bradshaw

CEO Ian Thom on how Energia Group is poised to invest €3bn over next half decade

Finance Ireland chief executive Billy Kane, pictured at its head office in Dublin.  Photograph: Bryan James Brophy

Non-bank lender offers 1,400 home loans in residential-mortgage-backed securities

Michael Fingleton at Blackhall Place, Dublin, earlier this year. Photograph: Dara Mac Dónaill/The Irish Times

Lender suspended repayments on loans given out under Michael Fingleton

Last month, Flutter chief executive, Peter Jackson, said part of the group’s strategy was to buy companies with leading positions in regulated gambling markets

Shares in Flutter climbed as much as 22% to €79.92 in Dublin

Thousands of people who are in danger of losing their home are the “hidden homeless” according to David Hall of the Irish Mortgage Holders Association.  Photograph: Collins

People in danger of losing home are ‘hidden homeless’, says David Hall

Ulster Bank is selling €900 million worth of mortgages relating to borrowers who are up to five years behind with their loan repayments.  Photograph Nick Bradshaw

More than 3,000 home owners to be affected, plus 400 buy-to-let loans

Environmental Protection Agency  figures show 60 water-supply schemes serving 551,078 customers around the Republic remain at risk of contamination

Watchdog says 60 supplies across State are threatened with contamination

Irish Water is responsible for the Republic’s water supply and waste water treatment systems, which it took over from local councils.

Utility spent €683m on State’s water supply system

Under pressure: Rebel investors in the company want to oust Prof Conroy, above, his daughter Sorca Conroy, Séamus FitzPatrick, Maureen Jones and Louis J Maguire from the Karelian board and replace them with their own nominees. Photograph: Cyril Byrne

Rebel group wants to oust Richard Conroy and four board colleagues

Minister for Finance  Paschal Donohoe: all set to speak at Architas’s imminent launch. Photograph: Gareth Chaney Collins

Brexit uncertainty prompts investor firm to register funds in Dublin

The Engineers Ireland report describes the physical condition of Irish homes as mediocre and warns that they need attention.

Almost two million houses will need to be refitted here in coming years

Fears are growing that expenses such as high rents could deter multinationals from locating in Dublin.

Capital falls 11 places to number 43 in annual cost of living study by Mercer

The company will employ more than 100 sales staff, along with 10 people in an office in Dublin and 40 more in a services operation in Sligo.

Iberdrola reveals plans to spend €100m on Irish wind farms

The partnership will build wind farms with the total capacity to generate 1,000 megawatts of electricity by 2030, which Coillte estimates is enough to power about half a million homes.

Partnership could invest up to €1 billion in building 20-30 wind farms

“Vapes” heat liquid containing nicotine, allowing the user to inhale the vapour produced.  Photograph: iStock

Imperial already sells Myblu in the UK, US and in Europe, where it is the market leader in some countries

The investment freeze has already hit work on Dublin Airport’s south apron, where DAA is spending €500 million, the lion’s share of it on extra aircraft stands close to terminal two. Photograph: iStock

DAA blames regulator for decision to halt’stand down’ work on €2 billion project

Peter Jackson, chief executive, Paddy Power Betfair: ‘We’ve got a great team and we will have all those other things in the other states as well.’ Photograph Nick Bradshaw/The Irish Times

‘Bigger you are, the bigger the returns you can make,’ says chief executive Peter Jackson

Norweigan Air said that due to the  continued grounding of  the 737 Max, flights to and from Cork and Shannon would be re-routed to Dublin for the rest of the summer. Photograph: Chris Ratcliffe/ Bloomberg

Norwegian Air to re-route transatlantic flights from Shannon to Dublin

Ryanair says it will switch six Malta-based aircraft on to the country’s register, and increase this number to 10 within three years

Move by the Irish company will give it a Maltese air operator’s certificate and access to markets in North Africa

Medical equipment seller Eurosurgical Ltd, which is in liquidation, paid €12.4 million, making it the biggest settlement on the list.

Liquidated medical equipment supplier Eurosurgical pays €12.4m

File image of Prof Richard Conroy at  the Conrad hotel in Dublin. File photograph: Brenda Fitzsimons/The Irish Times

Prof Richard Conroy responds to allegations money raised was spent on pay for directors

Easing of trade tensions between Mexico and the US lifted the mood of global markets.

Markets report: Easing of tensions over tariffs between US and Mexico lifts global stocks

About two out of every three passengers from the Republic are travelling onwards from Hong Kong to destinations in Australasia and the Far East. Photograph: Bobby Yip/Reuters

Large number of hi-tech industries at either end contributes to Cathay Pacific passenger total

Hopes that the US, led by Donald Trump, pictured here with Chinese premier Xi Jinping,  would delay tariffs on Chinese goods boosted shares on Friday.  Photograph: Reuters

Glenveagh rises in Dublin on land deals but falls back later in day

Justin Bickle, CEO, John Mulcahy, chairman and Stephen Garvey, COO of Glenveagh in Dublin before agm. Photograph: Dara Mac Dónaill

Nama to begin recruiting development partners shortly to build 3,500 homes on site

The site for the national children’s hospital in Dublin city centre. Photograph: Gareth Chaney/Collins

For the first time, Sisk earned more revenue last year outside Dublin than within city

The former chairman of Deloitte and Touche developed expertise in several areas including tax and corporate restructuring.

Former chairman of Deloitte and Touche was known for taking on challenging work

Applegreen’s UK-based business continued to perform well despite Brexit. Photograph: Cyril Byrne

Forecourt retailer reports strong trading for the first five months of 2019

The Nigerian government says the scale of the damages is not warranted. Photograph: Pius Utomi Ekpei/AFP/Getty Images

Dispute arose over gas processing plant which was not built

Ryanair maintains that disruption caused by air-traffic-control staff shortages and strikes forces European airlines to fly longer routes, burning up to 20% more fuel. Photograph: Nicolas Economou/NurPhoto via Getty

Airline says younger fleet with fewer empty seats are the reasons for its performance

The ESB said  t it had issued a €500m  bond to European investors that is due to repay in June 2030 at an interest rate of 1.125% . Photograph: Aidan Crawley

State company will use cash to pay for electric vehicle recharging and renewable energy projects

Nama chief executive Brendan McDonagh, Minister for Finance Paschal Donohoe and Nama chairman Frank Daly at the launch of the agency’s annual report on Thursday. Photograph: Laura Hutton

Poolbeg West in Dublin capable of accommodating 3,500 new homes

The first three months of the year are traditionally the weakest for air travel. Photograph: iStock

Traffic at Shannon fell 5.1% in first quarter, while Dublin Airport saw increase of 7.57%

The authors of the report estimate that the average cost of a home in Dublin is €336,000, while banks lend 80% of the purchase price to buyers. Photograph: iStock

Report says Dubliners now need 14.3 years of income to buy a home in the city outright

Nama said it generated €3.27 billion in cash in 2018, of which €3.14 billion was from the sale of loans and properties

Agency raises surplus guidance from €3.5bn as it announces 65% rise in after-tax profits

House builders had little relief on Wednesday, traders said, as Cairn Homes fell 1.96 per cent to €1.202

House builders take Iseq hit as Brexit nerves bite

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