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

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

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