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

Striking pilots at Ryanair in Ireland have accepted a proposal from the airline for leading industrial relations negotiator Kieran Mulvey to act as a mediator between the parties. Photograph: Dara Mac Dónaill / The Irish Times

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

 Connacht players Jarrad Butler (left), Tiernan O’Halloran and Kieran Marmion with Alan Durcan, Bank of Ireland’s provincial director for Connacht.

The bank is now a sponsor of all four Irish rugby provinces

Businessman Richard Barrett, right, is a backer of Relm Finance.

Non-bank lender provides loans for commercial and residential investment property over five-year terms

The Chelsea starting team pose for a photograph before the International Champions Cup game against Arsenal at the Aviva Stadium. Photograph: Charles McQuillan/Getty Images

Matt Higgins brought Arsenal and Chelsea to Dublin last week as part of pre-season event

Applegreen’s capitalisation was just north of €550 million before the mega deal with Welcome Break took the markets by surprise on Thursday. Photograph: Cyril Byrne

Irish forecourt operator plans to spend €361m acquiring a majority stake in UK rival

FBD chief executive Fiona Muldoon: share price was trading at €10.40 in Dublin on Thursday. Photograph: Eric Luke

Canadian financial group has a €70m bond it can convert into shares by March 2019

Ryanair chief executive Michael O’Leary. Photograph: Nick Bradshaw

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

John Malone, chairman, Liberty Group was one of the first international investors to take a punt on Ireland after the economy collapsed in 2008. Photograph: Dave Meehan/The Irish Times

International investor talks about his assets in Ireland, Netflix, Trump, and succession plans

Soda founder Grace Gould at Brown Thomas in Grafton Street. Photograph: Cyril Byrne.

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

Lidl is one of the Republic’s biggest grocery chains, with a market share of 11.7 per cent. Photograph: Matt Kavanagh

Two-year programme being offered through Ulster University and Irish Times Training

Minister for Communication Denis Naughten who has been urged to beef up the resources and powers of telco regulator ComReg. Photograph: Cyril Byrne / THE IRISH TIMES

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

Tesco UK executive Kari Daniels joined the company in 2002, having previously worked for Superdrug, Wella, SC Johnson Wax and Burton Group

Daniels is Tesco’s commercial director of packaged foods in the UK

The Minister for Finance Paschal Donohoe holding a press conference on Thursday on the 2018 mid-year expenditure report.   Photograph: Nick Bradshaw for The Irish Times

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

Steven Ciobo, Australia’s minister for trade

Steven Ciobo says Australia wants a ‘high-quality’ free trade deal with the EU

A computer-generated image of the new Hard Rock Hotel, which Tifco plans to open  in Dublin in 2020.

Irish hotel group plans to open a 120-bedroom, four-star hotel on Lord Edward Street

Ryanair’s chief operations officer Peter Bellew (left) and chief people officer Eddie Wilson, who has asked pilots to postpone an “unnecessary” strike scheduled for Friday. File photograph: Collins

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

Sherry Fitz’s chief executive Steven McKenna said the deal provided the group with the “opportunity to back our ambitious plans to continue developing our core business”

More than 100 staff to be affected by the transaction

Graeme Souness, who will front Virgin Media’s coverage of the Uefa Champions League and Europa League from September. Photograph: Brian McEvoy

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

An interior shot of Eir’s head office at Heuston South Quarter, showing staff gathering for the launch of the Eir brand in 2015. Photograph: Eric Luke

Move is latest cost-cutting initiative since Eir was taken over by two firms controlled by French billionaire Xavier Niel

Graeme Souness and Sinéad Kissane pictured at a recent event to announce the rebrand of TV3 to Virgin Media. Photograph: Brian McEvoy

Existing TV customers will get free access to new channel, which has Champions League

An aerial view of the Ballsbridge site that is being developed as a high-end office complex by Ronan Group Real Estate.

Siobhán Quinlan and Johnny Ronan own site worth €120m

The Irish Times has completed the acquisition of all of the publishing and media interests of the Cork-based Landmark Media group, which owns the Irish Examiner newspaper and other titles. Photograph: Dara Mac Dónaill

Media group owns ‘Evening Echo’, local newspapers and has stakes in radio stations

The newly-restored Stella Theatre in Rathmines, which is part of the Press Up Entertainment group that is eyeing a stock market IPO and expansion into the UK. Photograph: Bryan O’Brien

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

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

Cisco chief executive Chuck Robbins tests out his hurling skills on a visit to Croke Park this week.

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

Chuck Robbins in Croke Park this week. He  got to swing a hurley on the hallowed turf.

Robbins speaks on Trump, cybersecurity, gender balance, robots and why Cisco is not in Ireland for the low tax rate

Cisco office in Oranmore, Co Galway. Photograph: Joe O’Shaughnessy

Global chief Chuck Robbins also pledges to help accelerate pace of digitisation in State

The Minister for Finance Paschal Donohoe is mulling a change to the 1 per cent level of stamp duty on share trading in Budget 2019. Photograph: Tom Honan.

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

An interior shot of Smith & Wollensky’s restaurant in London, its only international property

American steakhouse chain has opened in Boston suburb and plans to add a return to Las Vegas next year

Fernbank, a Park Developments project.

Property group has arranged refinancing deal with AIB and Bank of Ireland

Craig James, chairman of the Prepaid International Forum (PIF), welcomed the proposed legislation  as Ireland moves to strengthen consumer protection around the operation of gift card products.

Disclosure of terms and conditions would also be mandatory

Minister for Finance Paschal Donohoe has much to ponder as he seeks to frame Budget 2019.  Photograph: Tom Honan.

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

David Duffy, chief executive of CYBG in the UK and a former chief executive of AIB  Photograph: Bloomberg

David Duffy says timing would be down to investor appetite for AIB shares

iCabbi’s leadership team: Business development director Niall Prenty, back row left, Michael Tope, managing director, technical director and co-founder Niall O’Callaghan, front left, Gavan Walsh, co-founder chief executive, and Bob Nixon, sales director and co-founder. Photograph: Conor McCabe

Dublin-based iCabbi provides cloud-based dispatch tools for taxi companies and private hire operators

Taoiseach Leo Varadkar at the announcement by Amazon Web Services of its plan to add 1,000 new jobs in Dublin over the next two years. Photograph: Gareth Chaney Collins

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

United Airlines has carried 3.5 million passengers to the United States on its various Dublin routes, plus 1.9 million from Shannon.

Some 5.4 million have flown from Dublin and Shannon to US with United since 1998

Teeling Whiskey founder and MD Jack Teeling, left, with Niall Gibbons, CEO Tourism Ireland, and Stephen Teeling, sales and marketing director at its distillery in the Liberties. Photograph: Robbie Reynolds

Tours of Dublin distillery generate about €9m in revenue for Irish whiskey maker

Photograph: iStock

Five jobs will go at Irish operation as unit is integrated more with UK business

People take a picture front of a banner Zabivaka, the official mascot for the 2018 FIFA World Cup, in Saransk on June 11th, ahead of the Russia 2018 World Cup. Photograph: AFP PHOTO / Juan BARRETO /Getty Images

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

Mickey O’Rourke’s Premier Sports will have the rights to show 33 live Saturday afternoon games.  Photograph: PA Wire

Mickey O’Rourke’s Premier Sports expected to hold talks with Sky, Virgin and other platforms

Ibec chief executive Danny McCoy. The Irish business representative group was among the most active lobbyists in the EU in 2017. Photograph: Eric Luke

Irish body third biggest spender on lobbying in EU, behind two groups in Germany

A Donnybrook Fair store. A potential deal for the chain would represent the most ambitious strategic move yet by Dunnes to build its presence into the upscale food retailing sector. Photograph: Frank Miller

Group is in advanced talks about potential acquisition of the chain

American fashion brand Tommy Hilfiger uses “wifi tracking” to monitor the number of people that look at a window display and then go into a shop. Photograph: Cyril Byrne

Methods include Hilfiger’s use of ‘wifi tracking’ to monitor ‘window display conversion’

Co-founders of Cullaun Capital:  head of portfolio management Noel Ross; chief executive Stephen Bell;  and head of origination Daire McCarthy. Photograph: Chris Bellew

US-based TSSP has majority share in fund planning thousands of homes by 2021

Con Horan, a former senior official with the Central Bank of Ireland. Photo: David Sleator/The Irish Times

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

Facebook: Mark Zuckerberg “is still only a kid”, says Alan Rusbridger. “How could he possibly understand what it is that he’s launched?” Photograph: Dado Ruvic/Reuters

Governments should encourage firms to be more open, former ‘Guardian’ editor says

Tetrarch co-owns and manages a broad range of assets, including the Mount Juliet hotel and golf resort in Co Kilkenny.

Irish investment group IPO expected to seek up to €300m with Dublin and London listing

ILIM is believed to have paid more than €100 million for the Fernbank scheme, which is situated on land formerly owned by Notre Dame school in Churchtown.

More than 1,000 people registered interest in €100m Churchtown development

Horses pictured at the site in Derrydonnell near Athenry in Galway where Apple had planned to build an €850 million data centre. Photograph: Aidan Crawley

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

Central Bank governor Philip Lane: considering all possible angles, including potential individual culpability. Photograph: Nick Bradshaw

Inquiry into overcharging for bank loans ‘extensive and complex’, says Philip Lane

‘We survived by losing money, which we saw as an investment and the right thing to do,’ Mark Fitzgerald on how estate agent Sherry Fitzgerald survived the recession. Photograph Nick Bradshaw/The Irish Times

Co-founder of Sherry FitzGerald, and winner of The Irish Times Distinguished Leader in Business award, on recession, recovery, exp(...)

Dublin camogie chairwoman Jenny Byrne, left, Dublin GAA CEO John Costello,   Declan O’Rourke AIG, Dublin Ladies Gaelic Football Association secretary Mary O’Connor, and Dublin county board vice-chairman Mick Seavers.

American insurer will sponsor Dublin teams in football, hurling and camogie to 2023

The Parlor at the new four-star North Star Hotel in Dublin 1.

Bank of Ireland provided €124 million in lending to the hotel sector last year

Businessman Denis O Brien has taken delivery of a new $70 million corporate jet. Photograph: Cyril Byrne / THE IRISH TIMES

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

France’s Minister for the Economy and Finance Bruno Le Maire speaks next to German finance minister Olaf Scholz during a news conference at the informal Ecofin meeting of EU finance ministers in Sofia, Bulgaria on April 28th. Photograph: Nikolay Doychinov

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

Uniphar chief executive  Ger Rabbette and chairman Maurice Pratt: Uniphar has spent more than €150 million on seven acquisitions since 2012 as it reshaped its business model, and expanded its footprint. Photograph: Dara Mac Donaill

Buying Sisk brings Maurice Pratt and Ger Rabbette closer to pan-European goal

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

UK property group confirms it is in running to develop €1bn new urban quarter in Dublin

Uniphar chairman Maurice Pratt.  Photograph: Aidan Crawley

Deal is Uniphar’s fourth in 12 months as it seeks growth across Europe

An Post: under new plan, all post offices will open during lunch time. Photograph: Bryan O’Brien

Post office within 15km of every community with 500 pledged and within 3km in cities

Cairn Homes chief executive Michael Stanley, who is set to benefit from the company’s multi-million euro founder share scheme. Photograph: Cyril Byrne / THE IRISH TIMES

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

Britvic Ireland managing director  Kevin Donnelly pictured in Ballyfermot. Photograph: Cyril Byrne

‘I don’t envisage a day in next 20 years where sugar is eliminated from soft drinks market’

Ireland’s Ed Joyce keeps his eye on the ball at Malahide last year Photograph: INPHO

Inside Business podcast: Sporting body expects to generate €580,000 in match income and €1.8m in broadcasting fees this year

Bank of Ireland chief executive Francesca McDonagh. Photograph: Dara Mac Donaill / The Irish Times

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

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

Independent News and Media offices on Talbot Street. File photograph: Dara Mac Dónaill/The Irish Times

Head of corporate regulator wants High Court to appoint inspectors to investigate

Launching the Knowledge Transfer Ireland (KTI) Impact Awards were Dr Alison Campbell, director of KTI, and Julie Spillane, director, The Dock, Accenture. Photograph: Marc O’Sullivan

Some 15 groups chosen as finalists in Knowledge Transfer Ireland Impact Awards

Robert Pitt (L), the former chief executive of INM,   walks past then chairman Leslie Buckley at INM’s AGM in Dublin last year. Photograph: Dara Mac Dónaill/The Irish Times

ODCE’s decision to seek appointment of inspector at the High Court is latest twist in INM’s corporate woes

Bank of Ireland chief executive Francesca McDonagh, who is planning to streamline its management ranks in a bid to cut costs. Photograph: Dara Mac Donaill / The Irish Times

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

INM chief executive Michael Doorly is expected to lead the presentations to staff on Tuesday. Photograph: Dara Mac Dónaill

Media group’s shares fall 5 per cent on news of ODCE move to appoint inspectors

A front elevation of Khyber Lodge on Nerano Road in Dalkey, Co Dublin, which Bank of Ireland chief executive Francesca McDonagh has agreed to buy. Photograph: Nick Bradshaw

Francesca McDonagh goes ‘sale agreed’ on Nerano Road property with asking price of €1.95m

Aisling Hassell, the head of Airbnb in Ireland: “I would hope we would replicate the success of Google, which now has about 7,000 people in Ireland, and Facebook, which has about 6,000.” Photograph: Alan Betson

Increase in Dublin workforce based on expected growth of Airbnb in EMEA region

Aisling Hassell: the average income earned by an Airbnb host in Ireland is €3,500. Photograph: Alan Betson

Aisling Hassell talks about Dublin’s housing shortages, gender balance and company values

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

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