LacPatrick chief executive Gabriel D’Arcy. The co-op confirmed this week that a board meeting decided the co-op should pursue “partnerships, joint ventures, mergers” or other opportunities. Photograph: Enda O’Dowd

Dairy processor contacted rival after LacPatrick indicated interest in pursuing deals

Pat Ivory, Ibec’s director of EU and International Affairs, says there are key areas on which the union should focus. Photograph: Alan Betson

Head of European Commission’s in the Republic said it might have some questions for the State in the area of taxation

A Co Monaghan facility of Lacpatrick. The co-op invested €40m   last year in a new drier used for  powdered milk

Milk processor pursuing options around ‘partnerships, joint ventures, mergers’

 IALPA-Fórsa is seeking a basic deal whereby Ryanair acknowledges that it recognises it as the representative of pilots employed in the Republic. Photograph: Reuters

Both sides have different views on the content of the proposed agreement

The Exhibitionist: each corridor of the Kensington hotel has been given a theme by an individual artist

Company takes 20-year leases on Exhibitionist and Gainsborough boutique hotels

ISEQ: Glanbia climbed 2.58 per cent while financial services group IFG announces a management shake-up

Dundrum town centre manager up 4.17% in London after saying it would abandon Intu purchase

The Court of Justice of the European Union ruled that allowing airlines to automatically classify wildcat strikes  as extraordinary circumstances would make passengers’ rights dependent on the different industrial relations laws that apply in each EU member state.

Germany’s TUIfly had refused to pay compensation for cancelled flights

Tullow Oil chairman Aidan Heavey: departure is a major change for Tullow, which he led from its origins as a penny stock to a FTSE 100 company. Photograph: Nick Bradshaw

Former Drax Group chief Dorothy Thompson to succeed Tullow founder

The new single wholesale electricity market, designed to boost efficiency and align Irish energy costs more closely with those in Europe, was due to launch on May 23rd

Launch of scheme that could save consumers and businesses €200m put back by months

IPL cannot say when it is likely to launch on the stock exchange.

Container maker will issue new shares when it floats on market, hoping to raise €125m

Sammon had been working for the UK operator on the construction of five schools in counties Kildare, Meath and Wexford

Work on schools stalled following collapse of Carillion in UK, which forced Sammon into examinership

Punchestown: the racecourse said the Hunt Stand was completed on time and on budget

Racecourse offering record €3m prize money as it seeks to draw 125,000 racegoers

New figures show that house building drove a sharp increase in activity in the sector in March. Photograph:  Alan Betson

Irish construction activity continued to expand at brisk pace in March, figures show

Construction workers  on a Cairn Homes   development.  Photograph: Chris Ratcliffe/Bloomberg

‘Extraordinary’ sales demonstrate strength of market, says Cairn Homes chief executive

Amazon enjoys mixed fortunes at Irish subsidiaries

Cork-based services operation loses €3.3m as data enterprise gains €19m

Michael Fingleton, former managing director of Irish Nationwide Building Society. Photograph: Alan Betson/The Irish Times

Society’s former MD Michael Fingleton cross-examines lender’s one-time head of internal audit Killian McMahon

Developer Michael O’Flynn constructed the building just as the property market was collapsing. Photograph: Daragh MacSweeney/Provision

Michael O’Flynn built State’s tallest building in 2008 for €100m

The Labour Court recently recommended that Pfizer pay up to €35,000  for freezing the  defined benefit pension plan. Photograph: Reuters

Pharmaceutical manufacturer’s staff hire experts to clarify Labour Court ruling

Oliver Loomes and Colin O’Brien of Diageo consider a new urban quarter at  St James’s Gate in the Liberties. Photograph: Dara Mac Dónaill

Harcourt Developments in running for Diageo urban centre planned for St James’s Gate

Ryanair chief executive Michael O’Leary said  the ECJ verdict would not change the Irish contracts or the structure of the Irish contracts and not threaten to increase the airline’s costs. Photograph:  Nick Bradshaw

Airline says plaintiffs in 37 cases are not employees

Data Protection Commissioner Helen Dixon faces questions about apparent breaches at newspaper publisher Independent News & Media (INM) next week..

TDs and senators to quiz Helen Dixon next week

John Nolan, Declan Breen and David Fitzpatrick at NKD Pizza in Rathgar, Dublin. Photograph: Brenda Fitzsimons

Launch of NKD offers new take on traditional pizza

New Ireland parent Bank of Ireland decided in January to sell the pension and insurance firm’s building on Dawson Street in Dublin 2, sparking speculation that it could fetch €35 million. Photograph: Cyril Byrne

Hibernia Reit among companies that have examined building on prime Dublin site

Ardmore is issuing residential mortgage-backed securities  tied to “performing” home loans, where the borrowers are making repayments on time.  Photograph: Rui Vieira/PA

Bank to borrow €1.3bn on performing home loans for first time since property boom peak

CRH chief executive Albert Manifold, whose pay package last year totalled €8.66 million. Photograph: Cyril Byrne

Advisory group says CRH will not reveal qualifying targets key executives must hit

Bjorn Kjos, chief executive of Norwegian Air, which is planning to establish a base at Dublin Airport. Photograph: Alan Betson / The Irish Times

Low demand prompted budget carrier to cut services from Cork and Shannon

Sammon Contracting founder and chief executive Miceál Sammon confirmed that Carillion’s liquidation had forced his company into examinership. Photograph: Dara Mac Dónaill

Contract was worth €100 million to Irish construction group now in court protection

Ruling rejects claim that airline should not sell ancillary services

Traders work on the floor of the New York Stock Exchange as markets react to a trade dispute between China and the United States. Photograph: Justin Lane/EPA

C&C surges after purchase of Matthew Clark Bibendum, but UK investors play it safe

Bjorn Kjos, chief executive of Norwegian Air International, which has cancelled route from Cork and Shannon to Rhode Island.

Low demand in off-season sees Norwegian cancel US flights from Cork and Shannon

Paddy Power Betfair will pay its new chief executive Peter Jackson almost €825,000 plus bonuses this year

Peter Jackson succeeds Breon Corcoran at helm of betting group

Avolon’s Domhnal Slattery: “In Ireland we have to transition from the quick buck, the quick deal, to building companies that are going to be worth $1 billion and have a global presence.” Photograph: Eric Luke

Avolon CEO Domhnal Slattery tells forum less well-funded lessors may be at risk

Estate agents Sherry Fitzgerald reported on Thursday that house prices rose by 2.1 per cent in the first three months of 2018, compared with 1.9 per cent during the same period last year

Property prices rise 2.1% in first three months of 2018, house price index shows

Passengers re-accommodated on other services

Grant Thornton’s Irish office said audit work would remain a key part of its strategy to grow its business here.

Irish arm will not follow UK firm’s move to stop bidding for audit work from big firms

Amazon fell more than 5 per cent after reports that president Donald Trump was looking to target the company by changing its tax treatment.

Market report: Amazon fell more than 5 per cent after reports that president Trump was looking to target the company by changing i(...)

Three-in-one stores house Currys, PC World and Carphone Warehouse under one roof

Shoppers like strategy of housing Currys, PC World and Carphone Warehouse in one location

Gambling companies say credit cards fund 10-20 per cent of the total their customers bet with them.

Likely impact to be scrutinised in possible move to protect people from excess wagering

Carphone Warehouse said its sales were in line with expectations, as it had refocused its business on selling more profitable products.  Photograph: Dara Mac Dónaill

Latest accounts show sales were flat at €111m, but generated gross profit of €29.1m

The High Court in Dublin: The identity of the loans purchaser was not revealed in court. Photograph: iStock

High Court appoints liquidators to Charleville Credit Union

 Fergal Leamy, chief executive of  Coillte:  Irish and international bidders have  said they may be interested in buying the wind farm assets. Photograph: Nick Bradshaw

State forestry company is selling €125 million worth of wind power

The UrbanVolt chief executive said: “We have 35 multinationals as clients, including 10 Fortune 500 companies.”  Photograph: iStock

The company, backed by former rugby star Jamie Heaslip, fits LED lights to firms at no charge

Bord na Móna “will fully comply with the provision of the new low-smoke zone and will exit the bituminous coal business before a total ban comes into effect in 2019”. Photograph: iStock

‘Low-smoke zone’ decision set to affect 45 workers at Lullymore and sites elsewhere

John Trethowan, head of the Credit Review Office, said branch closures have ended the relationship between local bank managers and customers.

Vulture funds are getting harder for customers to deal with, says watchdog chief

New all-Ireland system could save businesses and consumers €200m

The 2015 closure of Clerys led to 130 people employed directly by the store, and more than 300 others working for concession holders, losing their jobs

Dublin District Court strikes out charges against businesswoman Deirdre Foley and others

A 15-month low: B&Q owner Kingfisher has reported annual profits tumbling more than 10 per cent and warned of an “uncertain” UK outlook after a recent hit to sales. Photograph: Paul Faith/PA Wire

In Europe financials contributed the most to losses with banking sector down 0.9 per cent

ASL has several types of aircraft across its operations, including Boeing 737s, 747s and 757s, as well as the smaller ATR jets and Hercules

Irish-based cargo and passenger carrier continues to build on ties with UPS, DHL and Amazon

John Fleming,  now a director of  London contractor, Tide Construction. Photograph: Collins Courts

Cork developer whose business collapsed with debts of €1bn was director of Donban

Deal opens up the possbility that Ryanair could ultimately do a deal to buy aircraft from Airbus, which supplies LaudaMotion’s planes. Photograph: Reuters

Strategy is to build LaudaMotion into a successful Austrian low fares airline

Developer Michael O’Flynn   in front of the   tower, which his group built in 2008, just as the Republic’s property market was collapsing. Photograph: Daragh Mac Sweeney/Provision

Mergers watchdog must investigate sale before permission can be given

Michael  Fingleton:  led Irish Nationwide from 1971 until its demise in 2009. He maintains the financial crash caused the bank’s failure, not the way it was run. Photograph: Alan Betson

Former employee tells inquiry bank did not value credit review work he performed

Siptu official Greg Ennis said CIÉ could owe “hundreds of millions of euro in unpaid contributions to its two defined-benefit pension schemes from 2009 to date”. Photograph: Nick Bradshaw

State transport group owes schemes hundreds of millions of euro, staff claim

Paddy Power Betfair chief executive Peter Jackson said  that since February 2016 the group had focused on bedding down the merger of  that had created the business.

Profit at bookmaker jumps 19 per cent to €440 million

Bord na Móna’s own power plant in Edenderry, Co Kildare, burns both peat and biomass. The company will confirm on Tuesday that it can supply enough biomass to fuel its own generator and the ESB power stations.

Company to source biomass for ESB power plants in Ireland and Europe

According to former IBRC chief executive, Mike Aynsley, the inquiry’s spiralling legal costs could leave taxpayers with a €100 million bill once the commission has finished its work.

Former IBRC boss Mike Aynsley says ‘30-plus’ lawyers working at inquiry

Michael Stanley, chief executive of Cairn Homes: the company  aims to build between 1,300 and 1,400 dwellings annually within two years, generating revenues of €500 million. Photograph: Cyril Byrne

Dublin docklands block will have 120 dwellings, and is expected to sell for up to €105m

Data Protection Commissioner Helen Dixon, who ruled that Nama  must  provide builders Michael and John O’Flynn with personal information it holds on them. Photograph: Cyril Byrne

Ruling could allow homeowners find out what funds paid to buy their mortgages

CRH chief executive Albert Manifold predicted that the company would benefit from UK infrastructure projects such as High Speed 2. Photograph: Cyril Byrne

Infrastructure projects and housebuilding in US critical for company, chief executive says

CRH chief executive Albert Manifold indicated the company was likely to pursue further acquisitions this year. Photograph: Cyril Byrne

Irish building materials group records 2017 pretax profit of €2 billion, up 15 per cent

Developer Michael O’Flynn.

Agency in breach of obligations to Michael and John O’Flynn, regulator rules

AIB’s office in Ballsbridge, Dublin, during a cold spell in 2010. Photograph: Brenda Fitzsimons/The Irish Times

Ulster Bank, Bank of Ireland and PTSB all took early decision to close outlets

A balloon erected in front of the stage at Glastonbury where U2 were playing in 2011.

Netherlands is reforming its tax system to clean up its image and lure real investment

Kerry Foods wants to cut 31 jobs at a plant in Carrickmacross, Co Monaghan, to reduce costs.  Photograph: Dara Mac Dónaill

Trade union wants company to remove redundancy threat at Carrickmacross plant

Markets slipped on Tuesday as new US Federal Reserve chairman Jerome Powell indicated that he would raise interest rates gradually in the world’s biggest economy

Market report: FBD the star performer in Dublin while Sky soars on bidding war

Former taoiseach Bertie Ahern  at the  opening of Viridian’s Huntstown power station in Dublin in 2003. The company wants to close its two Huntstown facilities with the loss of 40 jobs because one of them failed to secure  a new payments contract from Eirgrid.   Photograph: Dara Mac Dónaill

Proposed closure could affect security of electricity supplies, says regulator

PTSB has been criticised for turning down a request to appear before the Oireachtas finance committee to answer questions about its plans to sell €3.7bn in mortgages to vulture funds. File photograph: Alan Betson/The Irish Times

Lender is criticised after turning down request to answer questions on loan sale

Francesca McDonagh: In her first set of results as Bank of Ireland group chief executive, Ms McDonagh pointed to a “strong performance” in 2017. Photograph:  Cyril Byrne

Bank to pay shareholders 11.5 cents a share as it reports €1bn in underlying profits

According to Reptrak, Dublin’s reputation improved across all measurements compared to 2017.  Photograph: Donal Murphy

City Reptrak survey ranks Irish capital’s global perception at number 17 in the world

The survey found that 70 per cent of consumers are likely to save some money over the coming year

Bank of Ireland Economic Pulse tracks business and consumer sentiment every month

Whether someone lets out rooms once or a 100 times, the Revenue can get their data from Airbnb. Photograph: Nick Bradshaw

Advisers Taxback.com says ‘unsuspecting and/or unknowing hosts will face penalties’

The AA argue that under investment in public transport had left people overly reliant on private cars for far too long. Photograph: Alan Betson

AA says the survey explodes the myth of the lazy car owner too good for public transport

Gene Murtagh, CEO of Kingspan: “We will absolutely stay in the hunt for acquisitions.” Photograph: Cyril Byrne

Insulation maker says UK orders down 15% but global strategy will secure company’s future

Ryanair’s first service from Dublin to Luxembourg will be among the routes that the airline will be announcing on Monday. Photograph: Sean Gallup/Getty Images

Low-cost airline to operate route three times weekly from end of October

Aer Lingus  is considering acquiring another Airbus A330 to bring its long-haul fleet to 14

Aer Lingus and Dublin Airport agree on facilities the airline needs to continue growing

Cherrywood in south Dublin: undeveloped land bank is set to become new town centre.

Government credibility staked on strategic development zones and fast-track planning

Tom Donnellan, chief executive designate of  Bord na Móna.

Clare native Tom Donnellan will relocate from France to State company

Siobhán Talbot, group managing director of Glanbia. The group has reined in its earnings expectations for the coming year. Photograph: Bloomberg

Strong results help boost miners and banks

Former Irish Nationwide boss Michael Fingleton is representing himself at the Central Bank inquiry into the bank’s collapse. Photograph: Nick Bradshaw

Inquiry looking into allegations that at least some of four men failed to ensure commercial loan applications processed correctly

Elysian Tower in Cork city. Photograph: Daragh McSweeney/Provision

US property firm believed to be preferred bidder for apartment block

Green Reit is focusing on developing its existing properties rather than buying further assets, according to chief executive Pat Dunne. Photograph: Cyril Byrne

Company says the value of its properties rose 5% to €1.45bn

Cairn chief executive Michael Stanley said the company  was close to agreeing with Irish Water to pay part of the cost of laying about 2km of water mains to  Mariavilla in Maynooth, Co Kildare. File photograph: Cyril Byrne/The Irish Times

Cairn ‘happy’ to pay for infrastructure if it allowed building of commercially viable homes

31/01/2017 - FINANCE- Margrethe Vestager, European Commissioner for Competition, at the European Commission Representation to Ireland, Lower Mount Street,  Dublin.Photograph: Dara Mac Dónaill / The Irish Times

Magrethe Vestager rules that construction finance is within Nama’s remit

 Isolde Goggin of the Competition and Consumer Protection Commission: was not notified by car dealers. Photograph: Eric Luke

Spirit Ford bought Lillis-O’Donnell in 2015 but did not alert competition watchdog

Shannon has added close to 27 per cent new passengers over five years, but fell short of the 2.5 million for which the airport was aiming. Photograph: Arthur Ellis/Press22.

Despite progress, it has been a struggle to meet passenger targets

The Irish Airline Pilots’ Association confirmed on Friday that a majority of Aer Lingus members had backed the pay deal. Photograph: Reuters

Deal includes productivity and flexibility measures

Jim Clerkin joined Co-operatoin Ireland when still working in Ireland in 1994 and founded a chapter on the US west coast in San Francisco three years later. Photograph:  Michael Kovac/Getty Images for Moet and Chandon

Down man Jim Clerkin is behind a Co-operation Ireland event celebrating 20 years of peace

Nama would not comment on the plans for the south Dublin site when contacted. Photograph: Alan Betson

Nama-appointed receivers seek approval under rules aimed at accelerating schemes

Bord na Móna has  been moving into businesses such as electricity generation, waste processing and horticulture in recent years.

Dozens of Tipperary staff to be dismissed in the first deal of its type in over 30 years

Joe Duffy Motor Group: the group  has 11 separate car franchises, along with commercial vehicle operations for Ford and Volkswagen, and BMW’s i sub-brand

Auto dealer hopes mergers watchdog approves sale on time for it to go through next month

Bank of America is one of a smaller number of firms to extend the bonuses to employees working outside the US, including those in its Irish operation, based in Leopardstown in Dublin

Bank of America workers to receive bonus in line with US staff after corporate tax change

 CRH dipped 0.8%  to €27.43 despite European peers such as Heidelberg Cement and Buzzi gaining ground on Wednesday

Ryanair climbs 1.83% to €16.16 on what traders said was good day for the sector

The three judges who heard the case in the Supreme Court reserved judgment.

Tribunal delayed action on 1987 decision, former owners of Clare Manor Hotel claim

Minister for  Transport, Tourism and Sport Shane Ross: has yet to formally approve the appointment of Peter Kearney. Photograph: Gareth Chaney/Collins

Ross plans to split aviation authority into two sections to regulate safety and air traffic control

Stobart Air is announcing plans to spend €13.8 million on expanding its fleet on foot of winning public-service contracts in January.

Contract airline to lease new aircraft on foot of State-funded public-service contracts

Members of the Paddy Power board in 2012: David Power, William Reeve, Stewart Kenny and David Johnston. Photograph: Laura Hutton/Photocall Ireland

The 71-year-old chairs Richard Power Bookmakers which announced it will wind down

The Dow Jones and S&P 500 fluctuated throughout the day. The Dow fell 19.42 to close at  24,893.35 and the S&P 500 fell dropped 13.48 to close at  2,681.66

Irish shares gain €1.3bn as European bourses edge back up

A trader works on the floor of the New York Stock Exchange on Wednesday. Photograph: Brendan Mcdermid/Reuters

Dublin traders say investors looking for ‘buying opportunity’ as stocks rise

Spanish economy minister Luis de Guindos. Photograph: Angel Diaz/EPA

Republic’s Central Bank chief faces Spain’s Luis de Guindos in race for European post

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