The newly-restored Stella Theatre in Rathmines, Dublin, which is part of the Press Up hospitality group.  Photograph: Bryan O’Brien  / THE IRISH TIMES

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

Artist and owner Paddy Campbell in the new James Joyce room in Bewley’s Cafe on Grafton Street, Photograph: Dara Mac Dónaill /The Irish Times

Extra space will enable famous Dublin cafe to serve up to 1 million customers a year

A Polestar 1 electric car, manufactured by Volvo, at the  Geneva  motor show on Tuesday. Photograph: Stefan Wermuth/Bloomberg

Watchdog warns of risks to consumers given number of variables at play in PCP schemes

Dublin senior football manager Jim Gavin at the unveiling of the original sponsorship with Ballygowan and Energise Sport in 2015. Photograph: Paul Mohan/Sportsfile

Ballygowan and Energise Sport renew three-year deals with hurling and football teams

 Leslie Buckley, who stepped down as chairman of Independent News & Media on Thursday. Photograph: Dara Mac Donaill / The Irish Times

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

AIB chief executive Bernard Byrne, who will benefit from a new share scheme that has been devised by the bank. Photograph: Alan Betson

AIB reveals plans for a deferred annual share scheme for its senior executives

AIB’s annual report shows that its chief executive, Bernard Byrne, received a salary of €500,000 in 2017 and a pension payment of €100,000.

As AIB is majority State owned, its executive directors are subject to €500,000 salary cap

AIB’s pretax profit was €1.3 billion, down from almost €1.7 billion a year earlier, with overall profit at €1.1 billion for 2017. Photograph: Paul McErlane/Reuters

Economic recovery helps bring bank to strong performance in 2017

The insurance industry says average payouts in Ireland for soft-tissue injuries are about €15,000, compared with €5,000 in the UK.

Government needs to follow through on tackling insurance costs

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

Bank says selection process to identify a successor ‘under way’

Bank of Ireland chairman Archie Kane, pictured at the company’s agm in 2016. Photograph: Nick Bradshaw

Bank says selection process to identify a successor ‘underway’

Permanent TSB: about 28 per cent of its mortgage loans are classed as nonperforming. Photograph: Bryan O’Brien

With ‘vulture fund’ deals, PTSB and AIB can anger the public or the ECB

Central Bank Governor Philip Lane, whose name was withdrawn by the Government on Monday for the role of ECB vice president.  Photograph: Eric Luke / The Irish Times

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

 Fiona Muldoon, CEO of FBD Insurance. Photograph: Eric Luke

Deal with Post Insurance part of FBD strategy to rebuild its car cover business

Robert Finnegan, head of Three Ireland: “Our Ebitda percentage at the moment is about 32 per cent and growing. We have one of the highest Ebitda percentages in the market in that respect.” Photograph: David Sleator

CEO Robert Finnegan says 5G will offer ‘really fast broadband’ in rural Ireland

Donnacha Ryan, left, brand ambassador ICS Mortgages, and Fergal McGrath, Dilosk CEO, launching a new mortgage product.

Move comes as Irish lender set to launch new 35-year mortgage product aimed at landlords

Irish MMA fighter Conor McGregor who is facing a number of trademark battles  with various companies around the world. Photograph: David Sleator/The Irish Times

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

Eason: its retail sales in the Republic rose 2.2 per cent in 2017.  Photograph: Dave Meehan

Online store is now Eason’s second largest by revenue, behind only its Dublin flagship

Limerick brothers John and Patrick Collison, who founded the successful San Francisco-headquartered online payments business Stripe.

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

Sarah Slazenger at Powerscourt Estate and Gardens in Enniskerry, Co Wicklow. Photograph: Cyril Byrne

Sarah Slazenger on the challenges of running the family-owned Powerscourt estate in Enniskerry, plans for climate change intitiati(...)

A view of the new outdoor amphitheatre at the five-star Powerscourt Hotel in Enniskerry, Co Wicklow.

Couples will soon be able to say ’I do’ in new 240-seat amphitheatre at five-star resort in Enniskerry

Fans cheering on Ireland against New Zealand at the Aviva Stadium in November, 2013. Stand tickets for the game between the countries later this year could cost €100 or more. Photograph: Eric Luke / The Irish Times

Philip Browne says this is ‘very definitely’ an option as union seeks to maximise return from plum home game

A computer-generated image of what the adjoining premises on Dawson Street owned by the Royal Irish Automobile Club and Tetrarch Capital would look like if the proposed €35 million redevelopment goes ahead

Deal will see RIAC and Dawson Hotel owners Tetrarch redevelop adjoining properties

British musician and composer Elton John reacts after receiving a Crystal Award from Hilde Schwab, chairperson and co-founder of Schwab Foundation for Social Entrepreneurship during the Crystal Award Ceremony on the eve of the 48th Annual Meeting of the World Economic Forum in Davos, Switzerland. Photograph: EPA/Laurent Gillieron

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

Portuguese finance minister Mario Centeno called for candidates to replace European Central Bank vice-president Vitor Constancio, whose term expires in May. Photograph: Dario Pignatelli/Bloomberg

Euro-area finance ministers agree to disburse €6.7 billion in aid starting in February

As the great and good of business, science and politics prepare to gather for the World Economic Forum’s annual meeting in Davos this week, Oxfam has published a report highlighting a surge in the number of new billionaires created last year and the growing levels of inequality in society. Photograph: Markus Schreiber/AP

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

Declan Black, managing partner of Mason Hayes & Curran. “I do expect to return to growth this year...solid single-digit percentage growth.” Photograph: Eric Luke

Irish law firm’s turnover declines by 1.2% to €76m in 2017

 Paschal Donohoe, Minister for Finance, Public Expenditure and Reform, at the Department of Finance. Photograph: Nick Bradshaw

Despite the challenges of Brexit, Trump and a domestic housing crisis, Finance Minister Paschal Donohoe is upbeat and expects grow(...)

CEO chief executive Albert Manifold, best paid chief executive of a listed company in Ireland, according to a new report by Ictu. Photograph: Cyril Byrne / THE IRISH TIMES

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

Michael Stanley said he would have liked to increase height to nine storeys, which could have shaved €120,000 off the average cost per unit. File photograph: The Irish Times

Michael Stanley: Reductions in price possible by rising to nine storeys in Dublin

A view of Central Bank of Ireland’s new Dublin Docklands headquarters.

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

Francesca McDonagh, chief executive, Bank of Ireland:  “My focus is on rebuilding trust in Bank of Ireland.” Photograph: Dara Mac Dónaill / The Irish Times

New chief executive Francesca McDonagh has made rebuilding trust in the bank a ‘personal priority’

How much did Cairn Homes pay this year to acquire nearly nine acres of land from RTE at its Montrose complex in Donnybrook? Photograph: Cyril Byrne / The Irish Times

Answer these 30 questions to be in with a chance of winning some great prizes

Ryanair chief executive Michael O’Leary, who is bracing himself for talks with pilots’ unions in Ireland on Tuesday.  Photograph Nick Bradshaw

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

The Irish Times is acquiring Landmark Media. which includes Irish Examiner, Waterford News & Star, Western People and Kildare Nationalist. Photograph: Dara Mac Dónaill

Deal involves seven regional titles and holdings in three local radio stations

Apple will see as much as $47 billion slashed from its expected tax liability.

Business today: the best news, analysis and comment from ‘The Irish Times’ business desk

The DAA operates 22,902 car parking spaces at Dublin Airport. Photograph: Getty Images

Income was generated from operating short and long-term car parks in Dublin and Cork

A new report says relief for renters is still some way off, as supply is not rising fast enough to offset tight vacancy rates. Photograph: Bryan O’Brien / THE IRISH TIMES

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

Patrick Coveney, CEO Greencore, at their office in Santry, Dublin. Photograph: Dara Mac Dónaill

You wouldn’t blame CEO for wanting to see back of 2017, but he views things differently

David Duffy, chief executive of CYBG: received almost 315,000 shares with a value of about £1 million. Photograph: Alan Betson

Three Irish executives at CYBG awarded 600,000 shares worth a combined £1.9m

Airbnb visitors to Temple Bar area of Dublin. Photograph: Cyril Byrne / THE IRISH TIMES

Business today: the best news, analysis and comment from ‘The Irish Times’ business desk

Grant Thornton managing partner Paul McCann: “We would all dance around the kitchen every weekend. Me and the kids. I’d put on some tunes and we’d have a bop the lot of us. That’s important.” Photograph:   Cyril Byrne

Grant Thornton chief Paul McCann likes to hear laughter in the office but wants it to be authentic

Bewley’s recently reopened the company’s Grafton Street cafe with capacity to seat 250 people. This will increase to 500 when upper floors are opened next March. Photograph: Brenda Fitzsimons

Coffee group expects return to black in 2018 after €12m investment in Grafton Street cafe

Tetrarch Capital is planning further upgrades to the Citywest Hotel’s common areas and bedrooms, and its convention centre.

Irish investment group now has full ownership of biggest hotel in State

Francesca McDonagh of Bank of Ireland and Claire McHugh of  Axonista:  Startlab Camden Street is the third technology incubator space operated by the bank. Photograph: Julien Behal

StartLab is part of €10m refurbishment scheme for bank’s branch network

Philip Lane, governor of the Central Bank: has warned individual bankers could face sanctions over tracker mortgage abuses. Photograph: Cyril Byrne
Seen & Heard

Sanctions over trackers, Google’s €120m office purchase and State pays multinationals

 Virgin Media Ireland chief executive Tony Hanway: “There’s no reason why TV3 should accept second place to RTÉ indefinitely. That would setting our ambitions very low.” Photograph: Dara Mac Dónaill

‘X Factor’ fan Tony Hanway says company is growing faster than any other in sector

The Virgin Media brand was introduced to Ireland in 2015 by Liberty Global, its American owner. Photograph: Dara Mac Dónaill

Virgin Media Ireland chief confirms move ‘on the agenda for some time’

Sonas Bathrooms in Ballycoolin in Dublin. The company has sold a stake in the business to MML Growth Capital Partners Ireland.

MML fund takes majority stake in Blanchardstown supplier of bathroom products

British cosmologist Stephen Hawking delivers a video message during the opening ceremony of the 2017 Web Summit in Lisbon on Monday.   Photograph: PATRICIA DE MELO MOREIRA/AFP/Getty Images

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

Brown Thomas managing director Stephen Sealey cites closure of BT2 outlets on Henry Street and Grafton Street, and a fall in sterling as  reasons for the drop in revenue and profit.

Irish retailer with shops in Dublin, Limerick, Cork and Galway made €4.9m pretax profit

AIB chief executive Bernard Byrne arrives for a meeting with the Minister for Finance Paschal Donohoe at the Department of Finance on Tuesday to discuss its handling of the tracker mortgage scandal. Photo: Gareth Chaney Collins

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

David Dilger, who has been appointed as the new nonexecutive chairman of Irish bookseller Eason. Photograph: Eric Luke

Ex-Greencore chief will take over role at State’s biggest book seller in November

Moycullen Village

‘It makes sense that we would be part of solution to housing supply challenge’

Steven McKenna, chief executive of SherryFitzGerald Group, at their office in Ballsbridge, Dublin.  Photograph: Dara Mac Dónaill

Interview: Steven McKenna has taken over from the property business co-founder Mark FitzGerald

Gavin O’Reilly: says his father Anthony is in great health and “happily he’s moved on to the next phase of his life”. Photograph: Nick Bradshaw

Ex-chief executive recalls time in 2008 Harvey Weinstein tried to get him to pull article

Central Bank governor Philip Lane: will be grilled by the Oireachtas finance committee on the  saga  of the tracker rate scandal. Photograph: Cyril Byrne

Banks compound denials and rate error of mortgages with sluggish efforts at redress

The Westbury Hotel in Dublin, part of the Doyle Collection. Photograph: Dara Mac Dónaill

Improved performance came in spite of impact of weak sterling and dollar on accounts

Four-star north docklands hotel was put up for sale in August with a price tag of €87m

Felix McKenna, Urbeo Residential’s new chief executive. He was previously a member of the Nama executive team, and is a former director of property services at Eircom

Urbeo Residential plans to invest in long-term rental accommodation in Ireland

Bord Gáis Energy Theatre

Blockbuster shows at docklands theatre boost profits for owner, Crownway

Big offender in terms of stiffing the taxpayer was IBRC at €35.8bn.

Cantillon: Outstanding bill comes to €16.6bn with annual servicing costs of up to €1.4bn

Graduate conversion diploma: Prof Paddy Nixon, vice-chancellor of Ulster University; Dr Kevin Marshall, education lead with Microsoft Ireland; Una O’ Hare, managing director of Irish Times Training; Gerry Muldowney, education consultant; and Prof Jackie Mc Coy of Ulster University.

HEA provides funding for diploma being offered with Ulster University and Microsoft

Listed UK media group is also in talks to acquire the British owner of the ‘Star’ titles

PMM executives Gareth Williams, Mike Weston and Domhnall Gaffney

Specialist lender to target loan sizes of €5m to €25m for commercial property deals

The Restaurants Association of Ireland says employment in the sector has grown by 33 per cent since 2011. Photograph: Bryan O’Brien

Restaurant body warns budget rate hike could cost up to 4 per cent of jobs in sector

Programme for government includes the retention of the VAT rate provided rates remain competitive

Hotel sector plans robust expansion in Dublin despite claims of vulnerability

AIB chief executive Bernard Byrne. Photograph: Dara Mac Dónaill

Irish bank preparing social housing loan scheme to fund the purchase of 150 homes

Red Flag chairman Gavin O’Reilly, fourth from left, alongside founder Karl Brophy and other members of the Irish PR agency having scooped two gongs at the recent Agency Elite Awards in New York. Photograph: Caroline Sinno

Irish firm wins two awards in New York for National Coffee Association campaign

Computer generated  image of  Charlemont Exchange in central Dublin   after its €100 million redevelopment

Revamp of Charlemont Exchange by Walls Construction to create 100 jobs

Robin Kiely, Ryanair’s head of communications, left, and airline chief executive Michael O’Leary. Kiely is due to give the keynote speech at the PRII’s annual conference next month on the topic of crisis management. Photograph: Eric Luke

Airline chose to leave passengers sweating on cancellations

 Ryanair boss Michael O’Leary at a press conference. File photograph: Niall Carson/PA

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

Rachel Wyse with the Liam Mac Carthy and Sam Maguire Cups.

Five-year deal aims to reduce drop-out rate from the sport among young GAA players

Illustration  of 5 Earlsfort Terrace once its €20m refurbishment has been completed next year

Savills and CBRE to pre-let refurbished 66,000sq ft office block on Earlsfort Terrace

Phase two of Kennedy Wilson’s impressive residential development at Clancy Quay in Dublin

Real estate group will purchase sites to reach goal of 5,000 units within three to four years

Tony O Reilly Jnr speaking during a Providence EGM in 2011. Photograph: Cyril Byrne

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

Howard Millar: last  year joined Stellwagen as chief operating officer and as as chief executive of one of its divisions, Stellwagen Capital.  Photograph: Bryan O’Brien

Fellow executives Edward Coughlan and Edward Hansom also leaving the company

Bank of Ireland chief executive Richie Boucher at home in Dublin: “I was a crisis leader and we came through it with a strong bank.” Photograph: Dara Mac Dónaill

No fanfare as Bank of Ireland chief executive prepares to step down

outgoing Bank of Ireland chief executive Richie Boucher: acted as “Devil’s advocate” during bank’s review of UK operation. Photograph: Dara Mac Dónaill

Decision to remain in UK market followed six-month review, says outgoing chief

Anne-Marie Curran, managing director of leading Irish PR agency Drury Porter Novelli. Photograph: Jason Clarke Photography

Drury added a number of new clients to roster and changed its board structure

Stephen Teeling, left, and his brother Jack Teeling outside the distillery in Dublin, which opened in 2015.

Dublin distiller predicts 25% growth this year as business continues to mature

In a deal believed to be valued at about €4 million, Space Property Group, led by Steve McCarthy, has bought out Allsop’s interest and renamed the company BidX1. Photograph: Cyril Byrne

BidX1 plans to focus on online property sales in Ireland and UK in wake of €4m deal

The Fitzpatrick Manhattan Hotel in New York. The two Manhattan hotels owned by John Fitzpatrick achieved  a record average occupancy level of 91 per cent last year.

Lower room rates in New York hotels follow addition of 6,000 hotel bedrooms in city

UNHCR communications officer Andreas Needham, who died suddenly in Kenya on Saturday.

Andreas Needham (44), a graduate of DIT, had undergone hip surgery in Nairobi

RDS chief executive Michael Duffy says this year’s Dublin Horse Show’s  online sales are 20 per cent ahead. Photograph:  Tom Honan

RDS chief who turned around flailing event has eyes set on redeveloping the main arena

At the launch of  Pepper Money’s sponsorship of Shamrock Rovers:  Brendan Murray,   Ronan Finn and Paul Doddrell.

Australian lender has offered mortgages here since 2016, writing €27.6m in loans

As part of the national framework planning, it has been mooted at various stages that a new city might be created.

Ciarán Hancock: Cork and Limerick are ripe for expansion

Allied Irish Bank: no longer plans to offshore roles in its IT operations unit, where 129 staff were outsourced to Wipro more than two years ago.  Photograph: Paul McErlane

Irish bank considers offshoring move with Wipro too risky in view of current backdrop

In spite of the challenging trading in the year to the end of January, Eason paid €500,000 in dividends. Photograph: Dave Meehan

Turnover falls 5 per cent partly as result of post-Brexit decline in value of sterling

Independent House on Talbot Street, Dublin. The company has come to an agreement with trustees of two INM pension schemes. Photograph: Fran Veale

Company projects pension investment of €115m between 2013 and 2023

INM CEO  Robert Pitt (left) beside chairman  Leslie Buckley,  with fellow directors Ryan Preston and Jerome Kennedy at the Independent News & Media egm recently. Photograph: Cyril Byrne / THE IRISH TIMES

INM faces bitter divisions at board level, an ODCE investigation and pressure on profits

U2: More than 80,000 people are expected to attend the band’s concert in Croke Park on Saturday. Photograph: Giorgio Onorati/EPA

Croke Park gig is band’s only concert in Ireland as part of ‘Joshua Tree’ world tour

Independent House, on Talbot Street, Dublin. INM has issued a profit warning.

Newspaper publisher cites fall in circulation, advertising and Brexit ‘uncertainty’

INM chief executive Robert Pitt, left, and chairman Leslie Buckley. Photograph: Cyril Byrne

Shareholders told Robert Pitt ‘reserves position’ in extraordinary development

On Monday, the DAA announced that 2.9 million passengers used Dublin Airport last month, its busiest June in 77 years

Government should direct funding to rural areas struggling for tourists

Irish investment group Mm Capital has agreed to acquire 31-36 Golden Lane in Dublin 2 from GE Capital for €22 million.

US software group New Relic to let entire property as it expands EMEA base here

The 195-acre Liffey Park Technology Campus in Kildare, which has been put up for sale by US computer group HP Inc.

Kildare facility comprising nine main buildings expected to sell for more than €50m

New dining facilities at the five-star Adare Manor resort in Co Limerick, which is due to open in November following a multi-million euro refurbishment.  New dining facilities at the five-star Adare Manor resort in Co Limerick, which is due to open in November following a multimillion euro refurbishment.

JP McManus-owned hotel and golf resort has received a multi-million euro facelift

Guinness ad supporting the hurling championship. A report found  the Public Health (Alcohol) Bill 2015 would cost the outdoor advertising industry €11m a year, broadcast media €7m, and print media €2m in ad revenue.

RTÉ, TV3 and leading newspapers face a collapse in ad revenue, and job losses

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