Danny McCoy, chief executive officer of Ibec. Regarding the supports being made available to businesses, Mr McCoy suggested they might need to last ‘possibly for a year to a year and a half’.

Danny McCoy also believes taxes will have to rise to help State meet the multibillion euro bill for supports

A Ryanair plane on the runway at Dublin airport passes near Aer Lingus planes. DAA staff at Dublin and Cork airports last week received profit share and other bonus payments due for the 2019 financial year. Photograph: Artur Widak/NurPhoto via Getty Images

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Pat McCann: 'I feel the restrictions will have to go on longer than people expect. A lot of the restrictions will not end before September'. Photograph: Maxwell

Hotelier Pat McCann tells Irish Times podcast group can survive 2020 with no revenue

Quinn Industrial Holdings offices in Derrylin, Co Fermanagh. About 600 staff are being laid off temporarily while the company grapples with the impact of Covid-19. Photograph: Liam McBurney/PA Wire

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 A Digicel store in Fiji.

Telco owned by Denis O’Brien is in discussions with bondholders to refinance a large chunk of its debt

An image of a  new housing scheme proposed for Ballyvolane on the outskirts of Cork city. The proposed development of 753 units has met with opposition from local residents and business groups.

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A Wild Atlantic Way sign near village of Kilcrohane on the Sheeps head peninsula in West Cork. Hotel occupancy rates in rural areas are well behind those in Dublin, according to data from the Irish Hotels Federation. Photograph: Bryan O’Brien / The Irish Times

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GAA director general  Tom Ryan: “I have no interest in going to see a more successful Carlow team that is comprised of hurlers from Kilkenny. It’s not what the GAA is about.”  Photograph: Laszlo Geczo/Inpho

Tom Ryan says if you pay players you will have the counties that can afford to pay more attracting the better players

The Morrison Hotel in Dublin, which is has been put up for sale by its Russian owner Yelena Baturina for €80 million. Photograph: Dave Meehan/The Irish Times

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Bank of Ireland chief executive Francesca McDonagh, who has negotiated a pay rise with the Financial Services Union. Photograph: Laura Hutton/The Irish Times

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

Former Anglo Irish Bank finance director Willie McAteer.

Membership of Chartered Accountants Ireland revoked and payment of €15,000 towards tribunal costs agreed

Businessman Harry Crosbie, who has placed the family haulage business into voluntary liquidation. Photograph Nick Bradshaw for The Irish Times

Automation Transport Ltd goes into voluntary liquidation with 22 redundancies

Sinn Féin leader Mary Lou McDonald celebrates with supporters after she is  elected at the RDS count centre. Photograph: Charles McQuillan/Getty Images

Mary Lou in government would be a stroll in the park compared to the crash fallout

Brown Thomas: Dundrum outlet will comprise more than 63,000sq ft, roughly half the size of its flagship shop on Grafton Street.  Photograph: Eric Luke

Outlet opening in 2021 will take over two floors from departing House of Fraser

In a world of low interest rates, the Irish rental sector is offering good returns to investors right now.

Restrictions on foreign investment in housing would come at high cost

Pope Francis (played by Jonathan Pryce) and Pope Benedict (played by Anthony Hopkins) in the Netflix production The Two Popes. It was one of a number of films made by Netflix that had only a short release in cinemas before being made available exclusively on the streaming service. Photograph: PETER MOUNTAIN/Netflix

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An aerial view of the Muckross Park Hotel in Killarney, which is part of the iNua hotel chain.

Irish-owned group has eight properties with aims to be biggest regional hospitality chain

 Declan Black was  reselected as managing partner of Mason Hayes & Curran for the third time. Photograph: Eric Luke / The Irish Times

Irish firm said main drivers of growth were demand in tech and data privacy, energy, financial services and litigation

Fianna Fáil finance spokesman Michael McGrath:  “Most people understand that Fianna Fáil wasn’t in government for the past four years. I had no department to run, no advisers or civil servants reporting to me.” Photograph: Dara MacDónaill

Fianna Fáil’s minister for finance in waiting says there are ‘many strands to tackling the housing crisis’, including a €10,000 sa(...)

MSL Ballsbridge Motors, owned by the O’Flaherty family.

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The Duke and Duchess of Sussex, Prince Harry and his Meghan Markle, pictured at Kensington Palace.

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

South Dublin Credit Union’s office in Stillorgan: South Dublin’s bank charges rose to €48,352 during the year, up from €32,064 in 2018

Members told banks are now charging for investments and credit union needs to lend more

 Minister for Finance and Public Expenditure Paschal Donohoe at his office in Merrion Street, Dublin. Photograph: Dara Mac Dónaill

Finance minister will not roll back on move to push pension age to 68

Enjoying the opening of the FOA Schwarz Toy store at Arnotts: Some 6,500 families visited Santa in Arnotts, a record for the store. Photograph: Alan Betson

Arnotts had one million visitors and Brown Thomas 650,000 in month of December

Passengers travelling through Dublin Airport. The aviation regulator has reduced passenger charges at the airport for the next five years, a decision that could be appealed this month. Photograph: Cyril Byrne / The Irish Times

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An artist’s impression of Vicar Street South, Gorey, Co Wexford. The Market House building will have the new name in  neon and the front car-parking spaces will be removed

Entrpereneur has written to Ed Sheeran and Bono asking would they perform on opening night

East Coast Bakehouse managing director Michael Carey: “The cash burn has ended, thankfully.” Photograph: Eric Luke

Drogheda-based biscuit maker’s revenue currently running at rate of €6m a year

Michael D’Arcy, Minister of State at the Department of Finance: ‘I don’t mind ruffling feathers.’ Photograph: Dave Meehan

Junior minister on backing insurance reform to protect SMEs

Eason on Patrick Street, Cork will remain open until 2021.  Photograph: Bryan O’Brien

Eason staff told of plans to relocate to purpose-built store in Cork city centre in 2021

Norman Crowley: “Businesses around the world waste at least 50 per cent of the energy they consume.”  Photograph: Alan Betson

Company counts some of the world’s top food, tech and pharma companies as customers

Property website Daft recorded Irish house prices falling last year for the first time since 2012. Photograph: Simon Dawson/Bloomberg

Looming general election and UK-EU trade talks add to uncertainty for developers

Money bag and wooden blocks with the word Debt and a miniature house on the scales. Payment of debt for real estate. Pay off the mortgage loan. Risks of buying a house. Buying an apartment on credit.

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Lisney is preparing to open a new office in Blackrock, Co Dublin, which will effectively replace one that closed recently in Dún Laoghaire. Photograph: Dara Mac Dónaill

Firm sold 450 second-hand homes in Dublin and Cork last year, average price €750,000

Black Friday shopping on Dublin’s Grafton Street. Photograph: Artur Widak/NurPhoto via Getty Images

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Former Tánaiste Mary Harney said she was looking forward to serving on the public-interest committee of KPMG.

Former Tánaiste brings ‘broad range of experience’ to role, accounting firm says

Basis.point chairman Clive Bellows (centre) noted that communities in the shadow of the IFSC were among the most disadvantaged in the State.

US property firm teams up with funds industry scheme to help north inner-city communities

Win a stay in The Lodge at Ashford Castle, Carton House, Fota Island Resort, Radisson Blu Dublin and the iNua Collection of hotels

The funds is seeking to recover damages of $958,000 and exemplary damages of $1.9 million against Karla Stover, formerly the charity’s director of its Texas region.

Cost of dealing with alleged fraud at funds’ Dallas office currently $1m

Claims litigated through the courts are just one part of the overall picture concerning motor settlements.

Average legal costs from litigated settlements over four years top €23,000

The Central Bank’s report this week is welcome in that it provides a greater level of transparency around motor claims. Photograph: Dave Meehan/The Irish Times

Excuses made for price hikes and soaring profits not borne out by recent history

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

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Experienced Irish public relations executive Brendan Bracken, who died this week aged 72.

Bracken founded his own public relations agency in 1991 and his clients included CIÉ and Bank of Scotland

Mark Anthony Brands International chief executive Davin Nugent (centre), with Glendalough Distillery co-founders Barry Gallagher and Brian Fagan.

Mark Anthony Brands International buys remaining 60% of whiskey and gin maker

The former Central Bank building will accommodate offices, restaurants and shops.

City centre project to be ready for tenants from next August

Apartments at the 22-storey Capital Dock building at Sir John Rogerson’s Quay in Dublin’s docklands – the tallest residential tower in the city. Photograph: Dara Mac Dónaill

We must build homes in tall blocks – not semi-detached and standalone dwellings

A Ryanair Boeing 737 aircraft undergoing maintenance at a facility in Seville, southern Spain. Photograph: EPA/Raul Caro

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Patricia King, general secretary of Congress

Ireland is a ‘low-pay economy’ says Congress secretary but Ibec warns hike ‘looks too high’

A Ryanair logo is pictured on the the jacket of a cabin crew member. The airline will begin a court battle today with chief operating officer Peter Bellew, who is planning to take up a senior role in January with rival airline Easyjet. Photograph:  REUTERS/Francois Lenoir/File Photo

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Cooked duck been prepared and packed ready for consumers in the Silver Hill Foods plant in Emyvale Co Monaghan.

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

The exterior of  Chartered Accountants House on Pearse Street,  Dublin. A report on the quality of auditing  will be published next year. Photograph: Cyril Byrne

IAASA has carried out inspections on samples of audits at the eight biggest accounting firms in the Republic

Mediahuis chief executive Gert Ysebaert and chairman Thomas Leysen. Photograph: Nick Bradshaw

Transfer to Mediahuis amounts to 75% of €80m in cash available to Irish media group

BPFI CEO Brian Hayes: His plea for bankers to be able to speak their minds on major issues affecting their sector, and the economy at large, might get a better hearing if bankers weren’t so reluctant to apologise for their mistakes.  Photograph: Crispin Rodwell for the Irish Times

There isn’t a ‘bold step’ big enough for all the bankers who have failed their customers

Shed Distillery owner PJ Rigney and head distiller Brian Taft launching their new Irish whiskey.  “This is an historic moment for us,” said Mr Rigney. Photograph: Brian Farrell

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The Shed Distillery owner PJ Rigney and head distiller Brian Taft: “This is an historic moment for us,” says Mr Rigney. Photograph: Brian Farrell

Drumshanbo Single Pot Still Irish Whiskey to sell at airport and independent off-licences

Managing director Anne-Marie Curran: Drury has been involved as a key adviser in a number of high-profile corporate transactions in 2019. Photograph: Jason Clarke

Leading Dublin-based public relations group secured Irish Life and Amazon Web Services as new clients in 2018

Bewley’s cafe on Grafton Street in Dublin. Photograph: Brenda Fitzsimons / THE IRISH TIMES

Company blames ‘excessive’ Celtic Tiger era rent for difficulties at city centre site

Former US ambassador to the United Nations Samantha Power speaking at the Global Goal Live launch

Series of Live Aid-style concerts planned to raise funds to help end poverty and climate change

John Slattery: “I’ve complete confidence in the Boeing company”

John Slattery set to become president and chief executive of Boeing Brazil Commercial if venture deal with Embraer is approved

An Post has returned to profitability, helped by an increase in the price of stamps

What should have been a quick face-to-face transaction turned into quite the rigmarole

Aer Lingus plans to fly four times a week to Charles de Gaulle airport in Paris, and three times a week to Barcelona. Photograph: Frank Grealish

New routes expected to help return airport to growth in passenger numbers in 2020

US whistleblower Edward Snowden holds a video-conference during the Web Summit in Lisbon, Portural. Photograph: CARLOS COSTA/AFP via Getty Images

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Aryzta chief executive Kevin Toland, left,  and chairman Gary McGann at the company’s annual shareholder meeting in Duebendorf, Switzerland last year. Photograph: REUTERS/Arnd Wiegmann

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Famous US toy retailer FAO Schwarz has opened a 6,000 sq ft store in Arnotts, replete with a walk-on piano keyboard made famous by Tom Hanks in the 1988 film Big. Photograph: Alan Betson

Retailer takes 6,000sq ft space in Arnotts for its fourth location internationally

The move comes after an investigation by the regulator that concluded added charges only make it more difficult for borrowers who are in arrears to address the problem

Regulator says practice of frontloading costs for legal actions is contrary to Consumer Protection Code

 An Taoiseach Leo Varadkar  and Minister for Transport Tourism and Sport, Shane Ross perform the official sod-turning for Dublin Airport’s new North Runway project, along with DAA chief executive Dalton Philips. Photograph: Dara Mac Dónaill / The Irish Times

DAA could pull the plug on €2bn in ‘much-needed’ new infrastructure

Latest accounts for Sherry Fitz show that the company’s turnover increased to €28.3 million last year from just under €27 million in 2017. Photograph Nick Bradshaw

My Mortgages will allow seamless application and could triple revenues at house seller

Sherry FitzGerald’s latest accounts show the company’s turnover increased to €28.3 million last year from just under €27 million in 2017. Photograph: Nick Bradshaw

Estate agent is also seeking expansion opportunities with acquisitions at home

EY in the US settled two major claims against it relating to its audits of Lehman Brothers within five years of its 2010 collapse. Photograph: Oli Scarff/Getty Images

Eleven years on from crash, cases taken in relation to Anglo and Quinn still unresolved

A scene from Matilda, one of the hit shows hosted by the Bord Gais Theatre in Dublin last year.

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A scene from Wicked at the Bord Gáis theatre in Dublin. The production has been one of many popular performance in the venue.

Tickets sales increase 17% to €7.6m while food and beverage income advances to €2.6m

The Westbury in Dublin is experiencing good trading. Photograph: Dara Mac Dónaill

Latest accounts for Doyle hotels show chain made a pretax profit of €11.6m in 2018

It was expected that the €500,000 ceiling on the property price would be lowered to between €250,000 and €350,000. File photograph: Getty

Department of Finance estimates cost of two-year policy extension at €200m

A brand new British Airways A350 touches down in Toronto for the first time. The airline is introducing new aircraft into its fleet to help reduce its carbon footprint.  Photograph: George Pimentel/Getty Images for British Airways

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

Paschal Donohoe poses with a copy of the 2018 budget during a photocall in front of the Government Buildings in Dublin last year. Photograph:  PAUL FAITH/AFP/Getty Images

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

The DAA claims the reduction in charges would leave it unable to finance a €1.8 billion upgrade to Dublin Airport’s facilities. Photograph: Bryan O’Brien

Airline says it will pass on proposed 15% drop in charges to passengers

Cork property developer Michael O’Flynn was one of three complainants. Photograph: Alan Betson/The Irish Times

Michael O’Flynn, Paddy McKillen, David Daly say complaint quietly dealt with by Nama

Extending the State banking guarantee to Anglo and Irish Nationwide in September 2008 was folly.  Photograph: Bryan O’Brien

C&AG’s annual report puts cost of post-2008 crash bailout under the microscope again

A construction worker lays a row of bricks on a Cairn Homes construction site in Dublin. Irish Institutional Property, a lobby group of which Cairn is a member, wants the Help to Buy scheme to be extended and expanded in scope in Budget 2020. Photograph: Chris Ratcliffe/Bloomberg

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Help To Buy was introduced in January 2017, and offers tax rebates of up to €20,000 to first-time buyers purchasing a new build house worth up to €500,000. Photograph: Chris Ratcliffe/Bloomberg

Irish Institutional Property says those trading up should also be allowed to access the tax break

28/09/2017 -- Traffic on Dublins M50 at the M4 Junction.(Lucan Road)Search words Cars, Conjestion, motorway, bumper to bumper, traffic jam, back up, backed up, vehicles, tolls, toll, motor way, travel, journey.Photograph: Alan Betson / The Irish Times

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Richie Boucher, chairman designate of CRH, pictured at his home in Dublin. Photograph: Dara Mac Dónaill / The Irish Times

Former Bank of Ireland chief executive has been appointed as chairman designate and will succeed Nicky Hartery

Author Roz Purcell celebrating the reveal of her limited-edition Vegan Box Burger, which was available from Flavourville in the Just Eat Retreat at this year’s Electric Picnic. Photograph: Leon Farrell / Photocall Ireland

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The five-star K Club in Co Kildare hosted the Ryder Cup golf tournament in 2006

Michael Fetherston is the preferred bidder to buy resort put up for sale last year for €80m

Pat Rigney filling the first-ever bottle of Drumshanbo Gunpowder Irish Gin, in 2015. ‘We are working our way around Brexit, which is a challenge for everybody in our sector and has caused a lot of uncertainty,’ he says

Entrepreneur Pat Rigney plans visitor centre and to add extra capacity at his distillery

Arancha González, executive director of the International Trade Centre. Photograph: Benedikt von Loebell/World Economic Forum

International Trade Centre head unsure if Central Banks can cope with a new recession

RTÉ in Donnybrook: ‘I’d sell the whole block. I’d move everything out somewhere south of Naas  and start again,’ Larry Bass told The Irish Times’ Inside Business podcast

ShinAwiL CEO says funds from sale of Montrose site could be used to modernise

Barcelona’s  Lionel Messi with his teammate Luis Suarez.

Premier Sports has secured the UK and Ireland rights to show every match from Spain’s La Liga over the next three years

  Ryanair CEO Michael O’Leary.  ISS has recommended that investors in Ryanair vote against the re-election of six non-executive board members of the airline. Photograph:  Leah Farrell/RollingNews.ie

Shareholder advisory group ISS issues recommendations ahead of airline’s agm

Permanent TSB chief executive Jeremy Masding and its group chief financial officer Eamonn Crowley during the publication of the bank’s 2018 results at its Grafton Street branch in Dublin. Photograph: Gareth Chaney Collins

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At the Aer Lingus brand reveal in early 2019 before an Airbus A330 was (from left) Sean Doyle, Mike Rutter and Dara McMahon. File photograph: Naoise Culhane

Executive joined carrier in 2014, serving in senior operational capacity for four years

Jack Teeling, founder and chief executive of Teeling Whiskey, left, and Stephen Teeling, sales and marketing director. Photograph: Naoise Culhane

Dublin distiller recorded profits of €1.1m last year, selling 900,000 bottles of Irish whiskey

Philip Browne, IRFU chief executive and Vodafone Ireland chief executive Anne O’Leary. Vodafone has extended its sponsorship deal with the IRFU for another four years

Deal with IRFU sees Vodafone as principal sponsor of Irish rugby team and women’s interprovincial competition

A store in Newry, Northern Ireland, offered equal value to euros for its goods priced in pounds in this image taken in December 2016. A new report into no-deal Brexit scenarios predicts there would be little by way of a lift for retailers in the North from a further weakening of sterling. Photograph: AP Photos/Shawn Pogatchnik

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Torch may have been passed to the children of the founder but the fee-paying school remains top dog for Leaving Cert results

Eamonn Casey, general manager of  the Westin Dublin, in one of the new bedrooms. Photograph: Dara Mac Dónaill/The Irish Times

Five-star hotel has added new bedrooms and expanded its atrium

David Walsh will step down as chief executive of Carlow-based Netwatch later this year. Photograph: Brenda Fitzsimons / THE IRISH TIMES

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

Damien Bastiat, who is bringing a touch of Gallic flaire to the luxury five-star Ballyfin resort in Co Laois. Photograph: Alan Betson / The Irish Times

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

 Damien Bastiat, general manger of Ballyfin Hotel in Co Laois. Photograph: Alan Betson / The Irish Times

The Clooneys and Kardashians have stayed but it’s first-name service for guests at Ballyfin

A photograph of the launch of Norwegian Air’s transatlantic services from Shannon Airport in 2017. These are to be axed in September.

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

Minister for Finance Paschal Donohoe has much to ponder as he frames Budget 2020. Photograph: Tom Honan.

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

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