A computer-generated image of a proposed new 410-bedroom hotel beside Terminal 2 at Dublin Airport.

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

It is expected that as many as 8,000 families a year might buy homes on the shared-equity scheme in the first two years. Photograph: Alan Betson

Proposed scheme is latest to address demand when core issues remain on supply side

A computer generated image of Iput’s major Wilton Park development in Dublin 2.

Shareholders also told its annual rental income will rise to €160m within three years

Dalata Hotel Group co-founder and outgoing chief executive Pat McCann: ‘Our teams are itching to get back.’ Photograph: Nick Bradshaw

Ireland’s biggest hotel chain said it had a 14% Dublin occupancy level in first three months

A former Joe Walsh Tours outlet on the corner of Henry Street and O’Connell Street. One of the best known names in the Irish travel industry, the company has ceased trading due to the impact of Covid-19 restrictions. Photograph: Brenda Fitzsimons

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

The Fitzpatrick Manhattan hotel on Lexington Hotel in New York. The hotel reopened on Monday, having been mothballed for the past 13 months due to Covid-19 restrictions.

‘It’s baby steps from here. It takes a while to get it up to speed again and to rebuild business’

Freight trucks at Dublin Port in January. Trade volumes declined by 15 per cent in the first quarter, due in part to the impact of Brexit.  Photograph: Sasko Lazarov/RollingNews.ie

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

Galen Weston pictured outside Brown Thomas on Grafton Street in Dublin in 2008. Photograph: Matt Kavanagh

Brown Thomas Arnotts owner Weston died on Tuesday

Colorman has ‘a strong complementary fit with our commercial portfolio and areas of focus’, said Woodberry founder Patrick Doran. Photograph: Getty Images

Private equity firm buys 62-year-old company with €29m turnover

The Goat Bar and Grill in Goatstown, south Dublin. Plans by Charlie Chawke to build 299 apartments, a hotel and commercial units has met with local opposition. Photograph : Laura Hutton / The Irish Times

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

Ryanair boss Michael O’Leary is optimistic that passenger numbers can rebound this year as European economies begin to reopen from lockdown restrictions.  Photograph: Niall Carson/PA Wire

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

Helen Kelly: appointed by Barclays as head of its corporate banking unit in Europe.

Helen Kelly named as head of Europe division based in Dublin

Pat Dalton: he has more than 30 years of senior executive management experience

Former IPL Plastics executive to replace David Pearson at the Irish property developer

The former Player Wills tobacco factory on South Circular Road in Dublin 8. Hines, the developer behind plans for a 19-storey tower at the site, says it had ‘no intention’ of developing a co-living scheme there until the retention of the old factory was mooted. Photograph: Dara Mac Donaill / The Irish Times

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

A man walking past Brown Thomas on Grafton Street in Dublin on March 18th. The store is closed due to  Level 5 lockdown restrictions. Ibec has reduced its growth forecasts for the Irish economy for this year due to the impact of the ongoing lockdown restrictions. Photograph: Brian Lawless/PA Wire

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

Ballymore chairman and group chief executive Sean Mulryan with Ching Chiat Kwong, chairman of Oxley Holdings, at the unveiling of their Dublin Landings development in North Wall Quay in 2016. Photograph: Alan Betson

Executives will help oversee development of firm’s Irish portfolio of residential and commercial projects

Gwen Layden, landlord of the George’s Street Arcade, on December 1st, 2020, as the State exited a second partial coronavirus lockdown.

Gwen Layden says waiving charge during lockdown has cost family up to €500,000

Colm Daly, chief executive of HomeSecure: Founded in 2014, the company has just under 20,000 customers. Photograph: Shane O’Neill

Company’s revenue rose by 27% to €4.85m in 2019

Green lending at AIB grew by one-fifth last year to €1.46 billion in defiance of a slump in overall lending amid Covid-19, with the increase driven by customers availing of cheaper mortgage rates for energy-efficient homes.

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

Accounts  filed for Barclays Bank Ireland  for the year to the end of December 2020 show  it recorded an after-tax loss of €118m, compared with a profit of €19m  a year earlier. Photograph: Getty Images

Assets doubled at Dublin-based entity in run-up to Brexit

By 2030, the number of people aged 65 and over in Ireland would amount to 18.4 per cent compared with 24.6 per cent in the EU, Siptu said.

State to have smaller proportion of elderly than EU average in medium term, union says

A view of the Brown Thomas department store on Grafton Street in Dublin. Photograph: Nick Bradshaw for The Irish Times. Photograph: Gareth Chaney/Collins

Dior will open a boutique for women’s accessories at Brown Thomas’s flagship store on Grafton Street in the autumn

Strokestown residents Shane Lynskey and Annette Feeley: Their local branch of Bank of Ireland is to close in September, which Mr Lynskey described as a ‘drastic move’.

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

Denis O’Brien is exiting the Irish media landscape after three decades of mixed returns. Photograph: Alan Betson

Analysis: Why is the magnate selling now?

Helen Dixon, the Data Protection Commissioner, says draft decisions in up to seven investigations into Big Tech companies are close to being circulated with other EU regulators. Photograph: Dara Mac Dónaill / The Irish Times

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

House prices would be nearly 9 per cent higher without the Central Bank of Ireland’s strict mortgage lending rules, a study by the Economic and Social Research Institute has found. Photograph: Sam Boal/Photocall Ireland

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

Irish property developer Johnny Ronan has applied to An Bord Pleanala for permission to build a 45-storey residential tower in Dublin’s docklands. The plan is being opposed by Dublin City Council, which says the board has ‘no jurisdiction’ to permit the high-rise scheme. Photograph: Collins photos

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

The universities of Illinois and Nebraska, pictured playing in 2019, were due to contest a college football game in Dublin in August. The match has been cancelled due to Covid-19 lockdown restrictions.

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

The universities of Illinois and Nebraska, pictured playing in 2019, were due to contest a college football game in Dublin in August. The match has been cancelled due to Covid-19 lockdown restrictions.

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

Irish mortgage interest rates are higher than other euro zone countries due in part to the high level of capital they are required to hold by regulators, according to the BPFI, the industry lobby group

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

Fr Peter McVerry - the housing charity that bears his name raised €1.6 million through a Government cash-for-residency scheme. Photograph by Matt Kavanagh

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

‘There will be huge caution about allowing mass gatherings until we get through another winter,’ says Tánaiste Leo Varadkar. Photograph: Alan Betson

Tánaiste promises support for business but no rush to return to normal

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

People pictured queuing to rent a property in Dublin. Rents in the capital declined by 3.3 per cent on average last year, according to figures from property website Daft.ie. Photograph: Bryan O’Brien / THE IRISH TIMES

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

Tánaiste Leo Varadkar confirmed the Government plans to extend the Covid Restrictions Support Scheme, Employment Wage Subsidy Scheme and the commercial rates waiver. Photograph: Julien Behal

IDA to get €10 million to support production of Covid medicines and medical equipment

Horse trekking in Co Sligo against the backdrop of Benbulbin mountain. Fáilte Ireland will provide €55 million in supports to the hard-hit outdoor tourism sector, ahead of another summer of staycationing.

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

Declan Black, managing partner of Mason Hayes & Curran: “I’m pretty happy with the performance”

Irish law firm blames ‘slowdown’ in transactions and a reduction in dispute cases

People look in the window of an estate agent in Dublin city showing sold properties. Irish property prices have proved remarkably resilient in the face of the impact on the economy of Covid-19. Photograph: Sam Boal/Photocall Ireland

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

The five-star Park Hotel in Kenmare, is unlikely to reopen before May or June, according to its co-owner John Brennan. He and his brother Francis have bought the nearby Lansdowne Arms Hotel in the popular Kerry town and plan to refurbish the property in time for the summer season.

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

The five-star Park Hotel in Kenmare, Co Kerry opened for just three and a half months last year and had an ‘extremely good season’ serving mostly staycationers

Five-star Park Hotel owned by celebrity hoteliers closed since October due to Covid-19

Will the State’s new Affordable Purchase Shared Equity scheme work? Fiona Reddan looks at the scheme in her weekly personal finance feature.  Photograph: Alan Betson / The Irish Times

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

David McRedmond: An Post has about 116 sorting offices but ‘maybe five are fit for handling parcels’. Photograph: Bryan O’Brien

Company delivered 14m parcels in December, double the level of same period in 2019

House prices surged by 6 per cent last year in spite of the Covid-19 lockdowns, according to data from MyHome.ie and Davy. Photograph: Nick Bradshaw

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

An Aer Lingus aircraft pictured at Dublin Airport. The Irish airline plans to begin selling tickets this week for its new transatlantic services from Manchester.

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

A selection of Carroll’s ham products.

Tullamore-based ham producer has been acquired by UK company

Taoiseach Micheál Martin: ‘We’ve created a shared island initiative to concentrate on what’s doable.’ Photograph: Julien Behal Photography/PA Wire

Micheál Martin says single enterprise agency needed to promote SMEs

Taoiseach Micheál Martin: he  said there would be three vaccines available here by the end of January – from Pfizer BioNTech, Moderna and AstraZeneca –  and he expected the rollout to gather momentum from March. Photograph: Julien Behal Photography/PA Wire

Government is considering extending and expanding Covid-19 supports for businesses

Win a stay at The Imperial Hotel, The Heritage and The River Lee

A boarded up pub in Dublin’s city centre in March. The hospitality sector says it needs more financial support from the State if they are to survive an extended lockdown in the new year.   Photograph: Brian Lawless/PA Wire

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

A  Ryanair plane landing at Dublin airport with an Aer Lingus aircraft in the background. Passengers flying to and from the UK face an uncertain time after new Covid travel restrictions were imposed by the British Government.   Photograph: Niall Carson/PA Wire

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

Dalton Philips, chief executive, Dublin Airport Authority.

It could be 2024 before airport traffic returns to pre-pandemic levels, says Dalton Philips

Christmas shoppers on Grafton Street during the Covid 19 pandemic. Pent-up consumer demand is expected to help boost Irish economic growth next year, according to Ibec’s latest economic forecasts.  Photograph: Gareth Chaney/Collins

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

Horse trekking in Sligo, with Island View Riding Stables. Tourism operators outdoors have complained about being shut out of the State’s CRSS support scheme.

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

Mickey O’Rourke, owner of Premier Sports pay TV group. Photograph: Eric Luke / The Irish Times

Irish media group plans to share sports content as part of new partnership

Cathriona Hallahan: during her time as managing director, Microsoft opened a €135 million technology campus at Leopardstown, Co Dublin.

One of Ireland’s most senior female executives, Hallahan spent 35 years with Microsoft

Grafton Street in Dublin during the Covid 19 pandemic. The retail landscape may be changed forever. What new purpose will be found for the outlets? Photograph: Gareth Chaney/Collins

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

 John Browne: “With consumer awareness and demands around enhanced touchscreen protection growing, we look forward to working with the Lenovo team...”

Chinese technology giant will produce goods with protection Kastus screens

A technician working on the University of Oxford’s Covid-19 candidate vaccine. The university and its pharmaceutical partner, AtraZeneca, said they were seeking regulatory approval for the vaccine after it showed an average 70 per cent effectiveness. Photograph: JOHN CAIRNS/University of Oxford/AFP via Getty Images

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

Boeing’s 737 Max aircraft might be certified to fly again by the end of this year.

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

Irish aviation executive Conor McCarthy, pictured at his Dublin Aerospace maintenance facility beside Dublin Airport. His new company, Emerald Airlines, is in exclusive talks with Aer Lingus to operate its regional flights for 10 years from 2023. Photograph: Nick Bradshaw/The Irish Times

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

Liam Kavanagh: said he was ‘honoured’ to have played a role in developing The Irish Times over the past two decades. Photograph: Aidan Crawley

Chairman Dan Flinter praises Mr Kavanagh for his ‘outstanding leadership’ of the group

Plusvital’s Leanne Corduff, left, and chief executive Mike Shelley at the company’s testing facility. The Dublin company hopes to provide pre-travel Covid-19 screening and provide results within six hours. Photograph: Chris Bellew/Fennell Photography

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

Plusvital’s Leanne Corduff, left, and chief executive Mike Shelley at the company’s testing facility. The Dublin company hopes to provide pre-travel Covid-19 screening and provide results within six hours. Photograph: Chris Bellew /Fennell Photography

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

In 2019, for awards of less than €100,000, which is the vast majority of cases, the average compensation paid via the Personal Injuries Assessment Board was €22,206, while the average for those who litigated was €23,801. File photograph: Getty

Going to court with a motor insurance claim is a costly, lengthy process

Ed  Harty: Plans to “take a little time out and to avail of the opportunity to spend more time with my family”.

Kerry entrepreneur leaves high-tech dairy family business to ‘pursue other interests’

Boeing 737 Max 8 aircraft parked at Boeing Field in Seattle. The US aircraft manufacturer repaid €250 million to Ryanair earlier this year to compensate the Irish airline for delayed deliveries due to the grounding of the Max. Photograph: EPA/GARY HE

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

The  Westbury  in Dublin,  part of the Irish-owned Doyle Collection hotels group

CEO says short-haul and domestic business will drive recovery in Ireland and Britain

A woman jogging down a deserted Grafon Street in Dublin during lockdown restrictions in May. Businesses struggling with the impact of recent Covid-19 trading restrictions could be in for a cash boost from today’s budget. Photograph: Aidan Crawley/EPA

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

The BrainBox AI software can manage building systems and energy consumption to reduce a building’s carbon footprint. Photograph: iStock

Irish tech start-up led by Bitbuzz co-founder Shane Deasy partnering Canada's BrainBox AI

Eason shareholders had originally expected to share in a €60 million distribution but the sale of three properties – including its flagship store – has been delayed. Photograph: Dara Mac Dónaill

Some 230 investors in retailer will receive €1 a share under distribution of funds

Two women wearing face masks make their way to the shops on an almost deserted Henry Street in Dublin’s city centre. The Irish economy is facing tougher restrictions to curb the spread of  the coronavirus.  Photograph: Brian Lawless/PA Wire

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

Leinster kick off during the Heineken Champions Cup Quarter Final match against Saracens in Dublin. Photograph: Charles McQuillan/Getty

Club lost out on €1.4m in net gate receipts from recent Pro14 match with Munster

US golfer John Catlin on the 18th tee on his way to winning the Irish Open last weekend at Galgorm Castle Golf Club, Ballymena. The tournament is used annually to showcase Ireland as a golf tourism destination. Photograph: Brian Lawless/PA

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Senator Michael D’arcy of Fine Gael, pictured in 2019 as Minister of State for Financial Services and Insurance launching a new strategy for the international financial services sector. Photograph: Alan Betson / The Irish Times

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

Jack Kirwan, managing director  of Sprout. ‘I don’t have a crystal ball but we’re staying positive. People will still want to eat out – it’s one of the great things in life.’

Food company’s accounts show €229,496 profit last year despite reduction in turnover

 Dalata hotel group chief executive Pat McCann: ‘Essentially, 2021 will be all about keen pricing, across all our segments. And that is to build volume.’ Photograph: Nick Bradshaw

Interview: Dalata has been battered by Covid, but CEO Pat McCann is finding opportunity

Bank of Ireland group chief executive Francesca McDonagh pictured with Andrew Hetherington, chief executive of Business to Arts, at the launch of a new €1 million fund to support artists and arts projects over the next two years.   Photograph: Robbie Reynolds

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Francesca McDonagh, group chief executive, Bank of Ireland with Andrew Hetherington, chief executive, Business to Arts  at the launch of Bank of Ireland Begin Together Arts Fund   to support artists. Photograph: Robbie Reynolds

Funding will be provided by the Bank of Ireland Begin Together Arts Fund, in partnership with the Business to Arts organisation

 Eason’s flagship store on O’Connell Street, Dublin. It is one of three properties that the company had hoped to sell this year, with the process shelved due to the impact of Covid-19 on the economy. Photograph: Dara Mac Dónaill / The Irish Times

Move involves the distribution of proceeds from the sale of Eason properties over the past two years

American entrepreneur Chuck Feeney (centre) signs papers to dissolve his Atlantic Philanthropies foundation at his office in San Francisco. The signing was witnessed by Christopher Oechsli, president and chief executive of the foundation, and Mr Feeney’s wife Helga.

Some $1.3bn was given in grants to various projects in the Republic since 1982

Bank Of Ireland  has accepted that it failed to clearly communicate the correct interest rate structure. Photograph: Bryan O’Brien

Bank has paid average of €202 in compensation to 2,700 ‘Young Savers’ impacted

A view of Aer Lingus aircraft at Dublin Airport earlier this year. Many customers of the Irish airline have complained about the long delays involved in trying to secure  refunds for flights that were impacted by Covid-19 restrictions. Photograph: Tom Honan for The Irish Times.

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

Cairn Homes chief executive Michael Stanley, who acquired 500,000 shares in the company on Monday.  Photograph: Cyril Byrne / THE IRISH TIMES

Irish company’s chief executive Michael Stanley and non-executive director Alan McIntosh each acquired 500,000 shares on Monday

Irish Times business editor Ciarán Hancock talks to Willie Walsh, IAG CEO and recipeint of the Distinguished Leader in Business award at the 3rd Annual Irish Times Business Awards.

IAG CEO wins Distinguished Leader in Business award at the 3rd Irish Times Business Awards

Chairman of Bank of Ireland, Patrick Kennedy. Photograph: Laura Hutton

Sources say recommendation for post came from Bank of Ireland’s chairman

Gavin Slark, Grafton Group chief executive

Trading at DIY chain since reopening is up 35% on same period last year

RTÉ broadcaster Sarah McInerney, who will co-present Radio 1’s Drivetime show with Cormac O’hEadhra.

Reshuffle moves Mary Wilson to Morning Ireland and Bryan Dobson to News at One

Providence Resources’ chief executive Alan Linn says he was attracted to the role earlier this year by the potential of the Barryroe oil and gas field off the coast of Cork. Photograph: Daragh Mc Sweeney/Provision

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

AIB chief executive Colin Hunt. In February, the bank announced it was taking an additional €300m provision to deal with tracker mortgage cases. File photograph: The Irish Times

Some 5,900 people will benefit with payments of between €10,000 and €15,000

A number of estate agents For Sale signs photographed in Sandymount, Dublin.  The number of homes sold in the first six months of the year declined by 23 per cent due to Covid-19 restrictions on the economy. Photograph: Cyril Byrne / THE IRISH TIME

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JP McMahon says that just one of his three Galway restaurants is financially viable at present. Photograph: Fusionshooters

Chef JP McMahon will make decision next May on viability of his three restaurants

A Government TD  has called for a State investigation after taxi app Free Now missed yet another driver payment deadline - its fourth in two weeks. Photograph: Crispin Rodwell for the Irish Times

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

The €3m visitor centre at the Shed Distillery in Co Leitrim will open on September 10th

Owners of Drumshanbo brands were forced to delay opening due to pandemic

Apple chief executive Tim Cook waves before speaking during the Apple World Wide Developers Conference in San Francisco in 2015. Apple was paid nearly $250m in dividends by an Irish subsidiary last year. Photograph: David Paul Morris/Bloomberg

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A house building site in Ireland. The cost of building a three-bed semi-detached home in Dublin is now €371,000, according to the Society of Chartered Surveyors Ireland. Photograph: Alan Betson / The Irish Times

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

 Bewley’s on Grafton Street, Dublin. Photograph: Dara Mac Dónaill

Bewley’s has yet to give a date for reopening the famous cafe, having announced in May that it would close permanently

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

Chief executive of Bank of Ireland Francesca McDonagh: “There are costs associated with the provision of mortgage payment breaks...” Photograph: Laura Hutton

B of I says it is ‘important’ to charge interest during payment breaks over Covid-19 period

The Portlaoise Plaza on Junction 17 on the M7, which will open on Friday. Photograph: Alf Harvey

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

 Bewley’s cafe on Grafton Street, Dublin, has been closed since March 16th.  Photograph: Dara Mac Donaill / The Irish Times

Coffee group offers to pay rent arrears and other costs and indicates cafe would reopen

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