Dominic Coyle

Dominic Coyle

Deputy Business Editor

Dominic Coyle is Deputy Business Editor at The Irish Times

President and CEO of Takeda Christophe Weber at the official opening of Takeda Ireland’s new cutting-edge manufacturing facility at its Grange Castle site in Dublin. Photograph: Jason Clarke
Taking Takeda global with new Irish pharma plant centre stage

Christophe Weber has overseen the $62 billion takeover of Shire and the opening of a new plant in Dublin

Takeda has invested €40 million at Grange Castle to build a new plant . Photograph: Arnd Wiegmann/Reuters
Pharma boss calls for Ireland to invest in waste management

Local waste facilities would be a good calling card for new investment, Japanese group says

Inflection Biosciences co-founder Dr Michael O’Neill, chief executive Darren Cunningham and Prof Bryan Hennessy, senior clinical lecturer at the Royal College of Surgeons. Photograph: Julien Behal
Irish company Inflection sells cancer drug to Singapore group

Dublin pharma development company’s drug blocks pathways used by cancer cells

Tax strategy is in focus.
Budget 2020 options; Dunne back in court and Viagogo gone from Google

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

Food supplement industry demands action. Labour Party leader Brendan Howlin with Irish Health Trade Association member Alan Martin, managing director Jonathan Griffin and general secretary Phil Costigan, outside Leinster House. File photograph: Maxwell Photography
Food supplements heading for VAT

Export report focuses on whether all should be taxed the same and at what rate

Mark Carney, governor of the Bank of England, is in the running for director general of the IMF. Photographer: Christophe Morin/Bloomberg
Irish Carney for IMF; banks still off track; and turning plastics into wax

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

If the option exists to reduce four to three, it seems sensible to do this. Photograph: Getty Images
Are four credit cards better than three?

Q&A: Dominic Coyle answers your personal finance questions

Brian Hayes, CEO of Banking and Payments Federation of Ireland. Photograph: Alan Betson / The Irish Times
House price fear; poacher turned gamekeeper; and workplace conflict

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

The drug Orkambi, made by Vertex Pharmaceuticals, was approved for use in the Republic after a campaign by people with Cystic Fibrosis and their families. Photograph Nick Bradshaw
Cystic fibrosis drug drives surge in sales at Vertex Pharmaceuticals

Breakthrough medicine Orkambi main factor behind 71% rise in sales

If someone rents out a property, Revenue will assume that it is being done at the market rate for the property’s area. Photograph: Kate Geraghty
Family arrangement on property could leave you both out of pocket

Q&A: Dominic Coyle

You will almost always be paying more for a consumer loan than you will be getting by way of interest on your nest egg.
Pay off that loan before you focus on saving

Q&A: Dominic Coyle

Arthur Ryan, second from left, and Alma Carroll at the opening of Primark’s store in Boston in 2015, alongside Mayor Martin Walsh and Primark chief executive Paul Marchant. Photograph: Josh Reynolds
Business leaders pay tribute to ‘retailer pioneer’ Arthur Ryan

Dublin man established Penneys and Primark as a major global fashion brand

Takeda chief executive Christophe Weber with Mary Buckley, IDA Ireland executive dIrector (centre), and Minister for Employment Affairs Regina Doherty at the official opening of Takeda Ireland’s new cancer drug manufacturing facility at Grange Castle in Dublin. Photograph: Jason Clarke.
Takeda opens new cancer drug plant in Dublin

Investment of €40m delivers first active pharmaceutical ingredient for Takeda outside Japan

Vascepa is aiming to become the first prescription drug for people at risk of stroke or heart attack who continue to have high levels of harmful blood fats despite being on treatment with statins
Shares jump 15% in Ireland’s Amarin on hopes for heart drug

Strong increase in proft forecast on the back of sales of fish oil drug in the US

Minister for Finance Paschal Donohoe, left, and NTMA Chief Executive Conor O’Kelly. Photograph: Iain White/Fennell Photography
Debt sums, festival fun and betting on renewables

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

Capital gains tax is designed only to tax profits made during one’s ownership of an asset.
Elderly mum has two properties in negative equity

Q&A: Dominic Coyle

“For peace of mind, I can reassure you that the Health Service Executive has confirmed that the maximum it will take from the value of your property is 22.5 per cent.” File photograph: iStockPhoto
What’s a Fair Deal if wife follows late husband into nursing home care?

Q&A: Dominic Coyle

Irish Pharmaceutical Healthcare Association says: “We should reflect on a version of the industry that inspires hope for human health, rather than a narrative too often skewed by misconceptions and narrow rows over price.”
Pharma lobby presses case for funding new medicines

PwC report on European drug sector highlights contributions to economy and society

The Workplace Relations Commission has issued a new proposal that further improves the terms on offer to workers based at two Pfizer plants in Cork. Photograph: Andrew Kelly/Reuters
Pfizer staff face crunch vote on pensions

WRC awaits outcome of ballots on improved proposals to surrender final salary scheme

In the 1980s and early-1990s, endowments were as popular as tracker subsequently became. Rather than bear the financial burden of an annuity mortgage, customers paid only the interest on their loan
Snared by EBS endowment mortgage

Q&A: Dominic Coyle

Former British foreign secretary Boris Johnson delivers a speech to Conservative party members at the leadership hustings in Birmingham. Concern remains about leadership in British politics, Chris Johns argues. Photograph: Andy Rain/EPA
Brexit warning for banks; car sales woes; and high spirits with gin

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

The new market for Botox is a boost for Allergan’s plant in Westport, Co Mayo, which is responsible for the manufacture of worldwide supplies of Botox. Photograph: Shannon Stapleton/Reuters
Botox approved for treatment of cerebral palsy spasticity in children

US drugs regulator the Food and Drug Administration has sanctioned wider use of the drug after a fast-tracked review of results fr(...)

St Stephen’s Green Shopping Centre in Dublin
Fining bankers, property yields, and those new Airbnb rules

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

Rebuilding Ireland Home Loan: Minister for Housing Eoghan Murphy is seeking an additional €200 million per year for each of the next three years for the scheme
Is Rebuilding Ireland Home Loan scheme open for business?

Q&A: Dominic Coyle answers your personal finance questions

Is it too late for my father to give his savings to his family? Photograph: Getty Images
Fair Deal for family on proceeds of house sale

Q&A: Dominic Coyle answers your personal finance questions

‘Do I qualify as a first-time buyer?’ Photograph: Getty Images/iStock
Falling foul of first-time buyer rules . . . and the Revenue

Q&A: Dominic Coyle answers your personal finance questions

File photo. Photograph: Dominic Lipinski/PA
Can we get tax relief if we sell our house at a loss?

Q&A: Dominic Coyle answers your personal finance questions

Sean Dunne leaves the US Federal Court House. Photograph: Douglas Healey
Dunne jury deadlocked; Nama profits and DCC sells generics

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

Following the divorce, your stepdaughter no longer has any category A rights to your estate. File photograph: Bryan O’Brien
How do I leave house to my stepdaughter when I’m divorcing her mother?

Q&A: Dominic Coyle answers your personal finance questions

A decree of divorce automatically ends a former spouse’s entitlement to legal right share
A wife has a right to her husband’s money when they are effectively separated

Q&A: Dominic Coyle

Pensions are hard to understand, partly because levels of financial literacy are generally low, ESRI research for the Pensions Authority has found.
Pension savers struggle to understand their sums

ESRI research points to problems that undermine successful saving for retirement

The FDA grants priority review only to drugs that have the potential to offer significant improvement in the treatment of serious conditions.
Amarin jumps on FDA priority review for heart drug

Irish company’s Vascepa on track for earlier than expected approval

Exit tax is seen as a payment credited to you against any final tax liability upon your eventual exit from the fund. Photograph: iStock
Is Zurich looking to take too much tax out of my investment fund?

Q&A: Dominic Coyle answers your personal finance questions

Finlay McFadyen, head of investment banking, AIB Group; Fountain Healthcare partner Dr Manus Rogan; and Andrew McDowell, vice-president, European Investment Bank. Photograph: Nick Bradshaw
Irish VC group Fountain Healthcare Partners raises €118m

Group beats €100m target and intends to invest the bulk of the fund in Europe and US

Confidence is strongest in the dairy sector, with 90 per cent of businesses saying they are either confident or very confident. Photograph: Getty Images
Agrifood sector leaders believe their businesses not competitive internationally

Survey finds Brexit and volatile prices the biggest challenges for sector

The first rule of wills is that any will drawn up renders a previous will null and void. Photograph: Getty Images
Where’s my will? My solicitor is ‘no longer practising’

Q&A: Dominic Coyle

In this case the lender wants to know that you are financially independent – very independent. Photograph: Getty Images
Was I unfairly locked out of a first-time buyer mortgage?

Q&A: Dominic Coyle

Amarin chief executive John Thero: ‘Our guidance is for 50 per cent greater growth over the prior year’
Amarin to seek European approval for heart drug Vascepa

Clinical trials show Irish company’s fish-oil drug cut incidence of heart attacks and strokes

Some of Facebook’s lobbying efforts in Ireland are revealed. Photograph: Dado Ruvic/Reuters
Salesforce lobbies on HQ; Irish success in Hong Kong; and Boeing still in a spin

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

Lauren Whelan (15) from Loreto Crumlin in Dublin has SMA with Spinraza activists protesting outside Leinster House in Dublin in September 2018. File photograph: Garrett White/Collins Photo Agency
HSE to consider funding Spinraza as NHS approves muscle-wasting therapy

Biogen, maker of drug to treat spinal muscular atrophy, drops price of medicine

In many cases, the National Centre for Pharmacoeconomics rules that new drugs are not value for money at the initial price sought by the pharma company. Photograph: Alan Betson
Pricing of medicines needs to be reformed, says IPHA president

Aidan Lyncht HSE should not be expected to pay for drugs that are not innovative

Gayle in the witness box, rising trade tensions; and loophole catching lawyers

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

Enduring power of attorney is a phenomenally powerful document. Photograph: iStock
How can I be sure an enduring power of attorney will follow my wishes?

Q&A: Dominic Coyle answers your personal finance questions

Cathal Friel, who has taken over as chief executive at Venn Life Sciences following an agreement to merge it with his company, Open Orphan. Photograph: Fennell Photography
Cathal Friel reverses Open Orphan into listed Venn Life Sciences

Clinical trials group issues profit warning alongside results ahead of merger

Cary Grace, chief executive of Aon’s global retirement and investment business. Photograph: Nick Bradshaw
Aon chief’s new angle on the importance of pensions

Cary Grace using psychologists to mark need for saving

Perrigo bought Elan eight months after the company had sold the Tysabri intellectual property.
Perrigo criticises Revenue move to reap back tax of €1.64bn

Tax bill linked to sale by Elan of its stake in multiple sclerosis drug Tysabri in 2013

Photograph: Courtpix
Sean Dunne’s assets, slower EU growth and the Shelbourne glitters

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

Haven Mortgages is prepared to consider such cases. Photograph: Alan Betson
First-time buyer Haven for couples where one partner has already had a mortgage

Q&A: Dominic Coyle answers your personal finance questions

Enduring power of attorney is a remarkably powerful instrument effectively giving someone else power to make decisions for a person when they are no longer capable of making those decisions. Photograph: iStock
Who must sign an enduring power of attorney?

Q&A: Dominic Coyle answers your personal finance questions

Photograph: Yui Mok/PA Wire
iPhone struggles, INM on the block, threat on tax and Karen Millen staff short-changed

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

A shopper carrying shopping bags. non-motor tetail sales grew at their fastest level in more than three years in March. Photograph: Dominic Lipinski/PA Wire
Windfall taxes, priced out of the docklands and dole for the self-employed

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

Is there any way a married person can independently apply for a mortgage? Photograph: iStock
Husband’s previous home bars us from help-to-buy scheme

Q&A: Dominic Coyle answers your personal finance questions

You are free to give your stepchildren up to €3,000 a year on top of any similar sum given to them by your husband. Photograph: iStock
Where does inheritance law leave stepchildren?

Q&A: Dominic Coyle answers your personal finance questions

Where there’s a will: an executor cannot be challenged for failure to move to settle the estate for the first 12 months after they have been appointed. This is called the executor’s year. Photograph: iStock
Can I force brother to show me our mother’s will?

Q&A: Dominic Coyle answers your personal finance questions

Greencore proposed the return of value to shareholders after selling out of its US business for $1.075 billion to American rival Hearthside Foods in a surprise move last year. Photograph: Cyril Byrne
Reward deferred for Greencore shareholders who snubbed buyback

Q&A: Dominic Coyle answers your personal finance questions

“I bought some UK shares some years ago, now worth €600,000, that cost me about €300,000.” Photographer: Matthew Lloyd/Bloomberg
Death will foil taxman on gain in winning punt on stock market

Q&A: Dominic Coyle

Misunderstandings and disputes over assets, gifts, inheritances and perceived preferential treatment have the capacity to tear families asunder.
How much interest must I pay the Bank of Mum and Dad?

Q&A: Dominic Coyle

Liberian nurses carry the body of an Ebola victim in 2014. Vaccines were not available to victims of the epidemic, lobby group Access to Medicines Ireland says. Photograph: Ahmed Jallanzo/EPA
Drug costs threaten to bankrupt healthcare, says lobby group

Access to Medicines Ireland seeks change in R&D approach of pharmaceutical companies

Photograph: iStock
Family torn apart by father’s enduring power of attorney

Q&A: Dominic Coyle answers your personal finance questions

Avectas cofounder and chief executive Dr Michael Maguire, with cofounder Dr Shirley O’Dea, chief scientific officer and business development director Dr Gillian Hendy. Photograph: Iain White/Fennells
Seamus Mulligan leads $10m funding for cell therapy start-up

Avectas has now raised $20m as it looks to unlock potential of personalised medicine

Pilita Clark says dads just want more time with their children.
Food service shortages, gala venues and a grim outlook for the UK

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

Ireland is, with France, the slowest of the wealthy western European states to approve payment for new medicines, according to a new survey by the industry.
Ireland compares poorly with Europe for access to medicines - report

Study examines access to 121 drugs approved since 2015 by EU regulator

Photograph: Frank Miller
How do we deal with VAT and capital gains on our rental property?

Q&A: Dominic Coyle answers your personal finance questions

All the bank did was to issue you with one new share for every 30 you previously owned. Photograph: Frantzesco Kangaris/Bloomberg
How has Bank of Ireland’s share swap affected my holding?

The good news is there is no question of your stake having been watered down

Tax cuts promised for the next budget could become the first victim of a disorderly Brexit, the ESRI has warned. Photograph: Jack Taylor/Getty Images
The price of Brexit, targeting tax havens and the price of your TV habit

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

If media reports are to be believed, many companies (and their investors presumably) have already priced in much of the anticipated disruption that is expected form a worst-case Brexit scenario
As no-deal Brexit looms, is now a good time to sell my shares?

Q&A: Dominic Coyle answers your personal finance questions

Windfall gains can be a double-edged sword to people on benefits. Photograph: Getty Images
Inheritance will hit welfare payments to brother with homeless past

Q&A: Dominic Coyle answers your personal finance questions

A Clerys deal, another fine for Google and what really brings happiness

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

About a billion packs of medicines cross the UK-EU border each year.
Drug companies warn of ‘hard Brexit’ risk to medicines in EU

Pharma chief says 45 million packs of medicines a month move from UK to EU

The US authorities expect citizens to file tax returns with details of their worldwide income, capital gains and any inheritances.
Tax options for Irish-American couple

Q&A: Dominic Coyle answers your personal finance questions

Derek Young, founder and chief executive of i360 Medical, which has signed a collaboration agreement with EU health technologies innovation hub EIT Health. Photograph: Dara Mac Donaill
i360 Medical signs collaboration deal with EIT Health

Derek Young’s group to identify breakthrough technologies in EU

There is no tax liability on any bequest to you from your former husband, so there are no legal grounds that I can see for your husband’s solicitor withholding 15 per cent of the bequest to cover tax
Bequest from separated former husband only partly paid

Q&A: Dominic Coyle answers your personal finance questions

As a general rule, you are not allowed do anything to artificially inflate a capital loss. Photograph: Nick Bradshaw
Foreign exchange and capital losses on property sale

Q&A: Dominic Coyle answers your personal finance questions”

Non bank lenders could squeeze mortgage rates.
In search of low mortgage rates, drug budgets and C&C goes to Cheltenham

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

Drugs developed by major pharma companies, including Pfizer, Amgen, AstraZeneca and Johnson & Johnson’s Actellion business, are among those that have now secured approval. File photo. Photograph: Simon Dawson/Bloomberg
Ten new medicines waited more than two years for HSE approval

Medicines generally blocked on basis of price as Ipha says delay ‘unacceptably long’

Photograph: iStock
Tax defaulters, rich lists, Brexit fallout and Amazon’s new home

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

If the house with the loss was your family home, you cannot offset the loss now or at any future time.
I’m selling two houses – one at a loss and the other at a big gain

Q&A: Dominic Coyle answers your personal finance questions

‘I am a first-time buyer and am looking to self-build a small two-bedroom home with my fiance on a small corner site.’ File photograph: Getty Images
Can I use a site as a deposit for a mortgage?

Q&A: Dominic Coyle answers your personal finance questions

Sam Bailey from Rathcoole, Co Dublin, his father Paul, mother Fiona and sisters Kayla and Sarah, protesting over the HSE’s decision not funding the drug Spinraza, outside the Dáil on Thursday. Photograph: James Forde
Shouting the loudest often proves the catalyst in a broken drug-approvals process

Spinraza is the latest in a series of controversial drugs that have put Ireland’s unique approval system in the spotlight

Spinraza activists protest outside the Dáil in Dublin. The drug is used to treat people suffering with spinal muscular atrophy. Photograph: Garrett White/Collins Photo Agency
Most new drugs for treating rare diseases not approved for sale in Ireland

Pharma body says less than one-third of medicines for rare diseases licensed for patients in Europe are available in the Republic

The High Court has ordered Roadstone to allow inspection of three Dublin quarries in the hunt for the source of pyrite that has damaged new homes. Photograph: Cyril Byrne
PTSB ready for fines; Roadstone inspections; and EU criticism of housing policy

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

France’s minister of the economy and finance Bruno Le Maire speaking at the Institute of International and European Affairs in North Great Georges St.Photograph: Alan Betson
PTSB’s profits soar; bad news for SMEs; and Brexit logic

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

Can the bank legally keep these deeds as the apartment is worth more than the loan on it? Photograph: iStock
We’ve cleared our mortgage but bank is holding on to deeds

Q&A: Dominic Coyle answers your personal finance questions

Pharmaceutical companies have rejected allegations that they are pursuing “predatory pricing” for new medicines. Photograph: Getty Images
Drug companies angry at allegation of ‘predatory pricing’

Row between industry and body that advises the HSE over access to market for new medicines

Perrigo says it believes a tax assessment issued last November for the year 2013 is incorrect as a matter of law. Photograph: Adam Bird/Bloomberg via Getty Images
Perrigo files for judicial review of €1.6bn Revenue tax bill

Revenue should not have issued notice of amended assessment of liability, firm says

Medtronic chairman and chief executive Omar Ishrak. He said Crospon was doing well. Photograph: Brendan McDermid/Reuters
Medtronic to close Crospon medtech plant in Galway

Leading medical device manufacturer says operations will move to other plants, including one in Galway

Lauren Whelan (15), from Lorretto Crumlin who is an SMA sufferer with Spinraza activists portesting outside the Dáil. Photograph: Garrett White/Collins
Drugmaker urges HSE to revisit pricing of muscle-wasting disease treatment

Health body has informed patients and Biogen it will not sanction use of Spinraza

Women continue to snub pensions in large numbers. Ann O’Keeffe, head of individual life and pensions at Aviva, describes the “largely stagnant” figure for women saving for retirement as “worrying”.
Women continue to snub pensions as a financial priority, study finds

Just 6% of respondents considered their pension a priority, finds research for Aviva

Phoenix acquired the insurance books of a number of companies that operated in the Irish market down the years, including Abbey Life and Standard Life.
Has my Abbey Life policy developed Phoenix syndrome?

Q&A: Dominic Coyle answers your personal finance questions

Datalex chief executive Aidan Brogan who has lost his chief financial officer after a matter of weeks. Photograph: Cyril Byrne
Barchester banker, Fitzpatricks walks, and Gove gives farmers the Brexit shivers

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

Thousands of Irish people will have up to €2bn in pension funds unlocked next month when the Budget 2019 increase in the State pension takes effect.
State pension rise unlocks billions of euro in savings

Increase will bring the full contributory State pension to €12,911.60 per annum

It is disconcerting that three different qualified legal specialists have given you three different answers. Photograph: iStock
How do I minimise tax liability on a house inherited from my aunt?

In your case, whether you receive it as a gift or an inheritance, the same CAT rules apply

Modernisation would generally be allowed against capital gains but, in the absence of receipts, I think you’ll find it hard to persuade Revenue. Photograph: iStock
What tax do I owe on a rental property I bought in 1987?

Brace yourself: there will be a fairly sizeable capital gains tax bill on this property

Pharmaceutical company MSD has submitted plans for a major expansion of its Carlow facility. Photograph: Brenda Fitzsimons
Drug giant MSD seeks permission for major expansion of Carlow plant

Company expects to add 170 jobs to 400-plus already working at manufacturing plant

Richard Pops, chairman and chief executive officer of Alkermes. Photograph: Patrick Fallon/Bloomberg
Irish drug firm Alkermes sees revenues rise 15% in Q4

Company reports 21% rise in sales to $1.09bn and reduced losses in 2018

An Taoiseach Leo Varadkar speaking at the European Financial Forum, in Dublin Castle. Photograph: Dara Mac Dónaill
Anglo rewind; Brexit betting and Johnny Ronan in Cherrywood

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

‘Revenue’s interest is to ensure that it collects the tax it is due from individuals and corporate entities.’ File photograph: Nick Bradshaw
Will a mislabelled bank transfer come back to haunt me?

Q&A: I am concerned it may be considered income to me if it is noticed by Revenue

My pension fund charges are higher than the investment return

Q&A: Dominic Coyle answers your personal finance questions

Shot of drug bottles on a conveyor. iStock
State fails to save millions on HSE medicines bill

Lobbyists call for extending use of cheaper ‘copycat’ drugs where available

Any gift of a share in the property would count towards the lifetime limit of tax-free gifts and inheritances.
Selling a property I bought with my sister

‘Would there be capital gains tax on my sister’s portion?’

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