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

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

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

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

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

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

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

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

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

GAA broadcaster Marty Morrissey with Ksenia Zsikhotska dancing the quickstep during a live show of RTÉ’s Dancing with the Stars in 2018. Celebrities and their dance partners won’t be stepping out in 2021 as RTÉ has cancelled the fifth series of the popular show due to the impact of Covid-19. Photograph: Cyril Byrne

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

Eason’s flagship store on O’Connell Street in Dublin. The sale of the property has been delayed due to the impact of Covid-19 on the economy.  Photograph: Dara Mac Dónaill / The Irish Times

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

 Eason intended to sell its  O’Connell Street property this year but this has been delayed due to the Covid-19 pandemic. File photograph: Dara Mac Dónaill

Shareholders due €20m payout in autumn while sale of O’Connell Street shop delayed

 A man watches the Budget 2020 speech by Minister for Finance Paschal Donohoe on a TV screen at Harvey Norman’s outlet in  Airside Retail Park, Swords. Photograph: Alan Betson / The Irish Times

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

Pent-up demand by consumers should help the economy’s recovery, argues UCC economist Seamus Coffey. Photograph: Colin Keegan, Collins Dublin

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

Passengers wearing protective face masks in Terminal 2 at Dublin Airport. Government messaging around the wearing of face masks has been confused, something that could be changed with a focused advertising campaign. Photograph: Brian Lawless/PA Wire

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

Mark Cassidy, director of economics and statistics at the Central Bank of Ireland. “The path ahead for the economy will depend on the path of the virus, which makes the strength of the recovery and the future impact on sectors uncertain,” he says in the Central Bank’s latest quarterly analysis of the Irish economy.  Photograph:  James Forde for the Irish Times

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

Bewley’s café on Grafton Street, Dublin. The café has closed permanently with the loss of 110 jobs. Photograph: Dara Mac Donaill

Some 100 staff are being let go, dashing hopes the historic café could be saved from closure

 The UK’s lead negotiator on Brexit David Frost, left,  with his EU counterpart Michel Barnier. Frost’s appointment as national security adviser has raised concerns that Britain is set on a course towards a no-deal Brexit. Photograph: Dati Bendo/EU/PA Wire

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

Gary Cahill, director of food and beverage at the Shelbourne Hotel,  in the Lord Mayor’s Lounge, which will run at a 50 per cent capacity due to coronavirus restrictions when the hotel opens on June 29th. Photograph: Alan Betson

‘We’re not going to be making money for a while,’ general manager acknowledges

New investment fund backers include U2’s Adam Clayton and The Edge. Seen here at work. Photograph: Tom Honan

Impact Ireland to invest in firms that ‘generate a return for society as well as investors’

The Eccles Hotel & Spa in Glengariff, west Cork. Owner Ray Byrne says it is already 45 per cent full for July, as it prepares to reopen on June 29th.

Eccles Hotel and Spa occupancy at 40% for August, with hope of getting ‘close to 70%’

Jackie King: role is to advance “commercial internationalisation goal” of Ibec.

Jackie King to take up director of international business position on July 1st

Robert Lighthizer, US trade representative at Wednesday’s Senate Finance Committee hearing in the US. Photographer: Bloomberg

Warning that suspension of talks between US and Europe could lead to ‘free-for-all’ on tax

Pearse Doherty accepted that the State needs “to deal with” the national debt and praised the National Treasury Management Agency for having done an “excellent job”. Photograph: Tom Honan

Draft programme for government commits to using any Nama surplus to repay borrowings

Tesla Model 3 vehicles are seen during a delivery event at its factory in Shanghai, China earlier this year. The arrival of the more affordable Model 3 family saloon drove Tesla’s sales growth in Ireland last year. Photograph: REUTERS/Aly Song/File Photo

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

Leonora O’Brien, chief executive of PharmaPod, the first of the 24 finalists to be notified by EY partner Roger Wallace that she had been chosen as a finalist for the EY Entrepreneur of the Year awards. Photograph: Naoise Culhane

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

The Mothercare shop at the St Stephen’s Green Shopping Centre, Dublin will be one of 14 outlets not to reopen. Photograph Nick Bradshaw/The Irish Times

Retailer’s 14 shops not reopening due to sales impact of Covid-19 lockdown restrictions

Bastien Grandgeorge, right, chief executive of Decathlon Ireland, and Kieran O’Shea, store leader at its new outlet in Ballymun, which will open on Saturday. Photograph: Dara Mac Donaill / The Irish Times

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

Restaurateur JP McMahon is hoping the State’s social distancing guidance will be cut from two metres to one metre. Photograph: Fusionshooters.

Inside Business podcast: JP McMahon says no guarantee Michelin outlet will reopen

  Central Bank deputy governor Ed Sibley expects a “minority” of banks’ customers will need forbearance arrangements once payment breaks expire. File photograph: Nick Bradshaw

Central Bank expects lenders will need to provide ‘significantly more’ than €500m

Founded in 1970, HSSCU was originally set up to serve the financial needs of health services staff in Dublin, Kildare and Wicklow. Photograph: Colin Keegan/Collins

Move prompted by cost of putting money on deposit and lack of loan demand

Bank of Ireland chief executive Francesca McDonagh said the past 10 weeks have been “exceptionally challenging” for the bank. Photograph: Laura Hutton

Bank of Ireland chief expects hit to demand for mortgages and consumer loans

Aer Lingus chief executive Sean Doyle said Aer Lingus has processed about 200,000 refunds or vouchers for customers who had their travel plans disrupted by Covid-19 . Photograph: The Irish Times

Clarity on travel rules needed to help ‘reboot’ Irish tourism says airline chief Sean Doyle

Michael Smurfit at the launch of his autobiography A Life Worth Living in 2014. Photograph: Dara Mac Dónaill

The businessman on Tony O’Reilly, selling the K Club, Brexit, and cocooning in Monaco

 Michael Smurfit says the lockdown of entire economies could come to be viewed as a ‘serious mistake’. Photograph: Dara Mac Dónaill

Business veteran tells Inside Business podcast impact of restrictions will last for years

Eason’s flagship store on O’Connell Street, Dublin, which is currently closed due to Covid-19 lockdown restrictions. The Irish-owned books retailer has told staff that it needs to reduce its costs by 30 per cent. Photograph: Dara Mac Donaill / The Irish Times

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

Eason on O’Connell Street, Dublin. Photograph: Dave Meehan

Irish-owned bookseller seeks ‘substantial’ rent cuts from landlords over Covid-19

Grafton Street in lockdown earlier this month. In a worse case scenario, the ESRI estimates that indirect taxes from consumer spending could be up to €6.7 billion lower this year were there to be a second lockdown of the economy in October. Photograph: Dara Mac Dónaill / The Irish Times

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

In addition to a task force, developer Michael O’Flynn has called for the Central Bank’s macroprudential rules on mortgage lending to be relaxed. Photograph: Brenda Fitzsimons

Michael O’Flynn also wants help-to-buy scheme extended to 2025

Mary McKenna, founder of Tour America and Cruise Holidays,  had budgeted to arrange holidays for 45,000 customers this year. Photograph: iStock

Inside Business podcast: Tour operator says travel will never be the same

Ires CEO Margaret  Sweeney’s basic salary rose by 21.2 per cent last year to €400,000, while the maximum level of her bonus was increased from 100 per cent to 150 per cent of her salary.  Photograph: Nick Bradshaw

Adviser ISS says huge salary and bonus increase to Margaret Sweeney was not flagged

Greencore chief executive Patrick Coveney: ‘I am hugely proud of the way in which our people have responded to the extraordinary challenges of Covid-19.’  Photograph: The Irish Times

Largest UK maker of pre-packed sandwiches obliged to furlough more than 4,000 UK staff

A construction worker poses for the photographer as he works on a site along the quays in Dublin city centre yesterday, as Ireland cautiously began lifting it’s coronavirus lockdown. Photograph: Paul Faith/AFP via Getty Images

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

The head of Hyundai Ireland Stephen  Gleeson is critical of the Government’s decision to prevent dealers from opening their showrooms for new sales until June 8th

Car dealers have been hammered under the lockdown restrictions, with just 344 vehicles sold in April

Founded in 2012 and owned by Irelandia Aviation, Mr Ryan’s investment vehicle, Viva Air flew 40,000 flights last year, carrying 6.3 million passengers. File photograph: iStockPhoto

Six to 12 months before Viva Air services in Colombia and Peru ‘back to normal’

A deserted Grafton Street in Dublin on the recent  bank holiday weekend. Ibec has suggested a €15bn reboot of the Irish economy once the lockdown restrictions have been lifted. Photograph: Dara Mac Dónaill / The Irish Times

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

The Bath Pub in Ballsbridge is serving pints to local customers with a delivery service. Liam Tilly of Bath Avenue Gardens is pictured  accepting a pint from Brian O’Malley of The Bath. Photograph: Nick Bradshaw / The Irish Times

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

Bewley’s Cafe on Grafton Street in Dublin. Staff at the cafe have been told it will close permanently. Photograph: Dara Mac Dónaill

Grafton Street outlet shuts due to rent and loss of up to 80% of turnover under social distancing

The Bewley’s building is leased from RGRE Grafton Limited. Rent amounts to about 30 per cent of the cafe’s sales. Photograph: Alan Betson/The Irish Times

Staff told Covid-19 lockdown and high rent make reopening unviable

The owners of Gleesons in Booterstown in south Dublin estimate that it could accommodate perhaps 90 customers at one time under social-distancing rules.

Gleesons pub in Booterstown would lose two-thirds of capacity under social distancing

President Donald Trump participates in a virtual “town hall” with Fox News, at the Lincoln Memorial in Washington DC on Sunday. Photographer: Anna Moneymaker/The New York Times

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

John Fitzpatrick: “Guests are going to want something more than a mint on their pillow when the restrictions are lifted.”  Photograph: James Higgins

Irish hotelier John Fitzpatrick set to spend $250,000 on measures to counter Covid-19 and allow his hotels in Manhattan open

Feargal O’Rourke, managing partner at PwC which has announced that its partners will take a cut in pay as a result of Covid-19 crisis. Photograph: Conor Mulhern

Both Big Four accounting firms commit to protecting jobs for their staff for as long as possible

Sherry FitzGerald chairman Mark FitzGerald: “I’d say let’s prioritise the building . . . the retrofitting may have to wait. It would be ideal if we could do both but I’m not sure where we’d get the construction workers.” Photograph: Nick Bradshaw

Mark FitzGerald urges new government to prioritise building 140,000 A-rated units

Leading Irish wealth managment group Davy has agreed a three-year sponsorship with The Irish Times for its weekly podcast, Inside Business with Ciarán Hancock.

Leading Irish wealth manager to sponsor Inside Business as part of three-year partnership

Former Digicel chief executive Colm Delves, who died in Dublin on Thursday.

Irishman served as chief executive of Denis O’Brien’s Digicel for 13 years until stepping down from the role in 2018

David McRedmond said An Post was set to take a financial hit of €10 million-plus this year as a result of Covid-19. Photograph: Maxwells

David McRedmond says it may not be ‘sensible’ to deliver letters every weekday

Storage tanks at Tullow Oil’s Ngamia 8 drilling site in Kenya. Photograph: Baz Ratner/Reuters

Executive chair Dorothy Thompson will return to her position as non-executive chair after handover

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

Brian Hayes, chief executive of the Banking & Payments Federation Ireland. Photograph: Alan Betson

Bankers’ lobby in talks with Central Bank about longer payment breaks

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

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

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

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

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

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

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

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

 A Digicel store in Fiji.

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

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

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

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

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

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

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

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

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

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

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

Former Anglo Irish Bank finance director Willie McAteer.

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

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

Automation Transport Ltd goes into voluntary liquidation with 22 redundancies

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

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

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

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

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

Restrictions on foreign investment in housing would come at high cost

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