About 650 Dublin-based staff are set for compulsory redundancy at HCL Technologies, the Indian outsourced services group, which has allowed Eir  terminate its contract. Photograph: Maxwells

650 Dublin staff at Indian outsourcer HCL to leave as roles go to Cork, Limerick and Sligo

The markets hit session lows  after US treasury secretary Steven Mnuchin (above)  pulled out of a major investment conference in Saudi Arabia. Photograph: Mandel Ngan/AFP/Getty

US-focused stocks including Glanbia, Kerry and Smurfit Kappa fall in Dublin

A man walks past a display with portraits of Saudi king Salman bin Abdulazziz (C), his son Crown Prince Mohammed bin Salman (L) and the founder of the kingdom, King Abdulaziz al-Saud, in Riyadh. photograph: Fayez Nureldine /AFP/Getty Images

Caveat: In Irish business community, links to unsavoury regimes are everywhere

Gardaí are investigating a suspected arson attack at the Cavan home of Dara O’Reilly (above right). Photograph: Brenda Fitzsimons

Company says attack is ‘beyond the pale’ and asked for people to ‘speak out’

Western Digital: has accused the Internal Revenue Service of wrongly disallowing its methods used for allocating losses and foreign tax credits in 2008 and 2009.

Tech giant takes case against IRS over bill levied after audit of 2006-2009 tax affairs

David Bonderman: other global business figures pulling out of FII are tycoon Richard Branson, media investor Arianna Huffington, Uber chief executive Dara Khosrowshahi, AOL co-founder Steve Case and a host of bank chiefs led by JPMorgan Chase chief executive Jamie Dimon. Photograph: Kevork Djansezian/Reuters

David Bonderman pulls out of ‘Davos in the Desert’ over Jamal Khashoggi disappearance

The portfolio of fully-performing loans, dubbed Project Lee,  represents the last of Nama’s big portfolio sales.Photograph: Cyril Byrne

Portfolio of fully-performing loans connected to O’Callaghan Properties who welcomed deal

Denis O’Brien’s Caribbean telco Digicel has further extended the deadline for bondholders to sign up to a $3 billion (€2.6 billion) debt swap. Photograph: Getty Images

Denis O’Brien telecoms group looking to push out loan repayment by two years

Goldman Sachs affiliate Ennis Property Finance is one of the most active funds in chasing Irish borrowers through the courts. Photograph: Brendan McDermid/File/Reuters

Three Irish affiliates collected over €465m on distressed Irish property loans last year

Eoin O’Shea says Ireland’s track record as a relatively “clean” economy and banking system could attract “bad actors” to target the system here

Eoin O’Shea says Ireland needs to be vigilant about the dangers of dirty money flows

Traders work on the floor of the NYSE  Friday. Photograph: Epa/Justin Lane

Kingspan, Dalata and Green Reit rise in Dublin trading

Ryanair has been suing Expedia for allegedly ‘screenscraping’ its fares.

Web giant wants US court to force airline to allow it resell flights

Tourism in Ireland: the rise in the tourism VAT rate will undoubtedly make life more difficult for some smaller restaurant and hotel operators in certain parts of the country. Photograph: Bryan O’Brien

Yes there are known unknowns, such as Brexit, but ignore the doomsdayers

The ODCE has about 40 staff. And last year it received an allocation of €5m from Minister for Business Heather Humphreys’ department. File photograph: Getty Images

Minister signals additional funds for specialist investigative staff such as forensic accountants.

Digicel, the mobile phone operator owned by Denis O’Brien, has launched legal action against the telco regulator in the former Dutch colony of Suriname

South American nation’s telecoms regulator switches off ‘illegal’ link to Guyana

Paschal Donohoe, the Minister for Finance, declared that the reduced VAT rate of 9 per cent to help the tourism and hospitality industry has “done its job”.

Budget 2019: Minister says measure will raise €466m for spending and is ‘responsible’

The EIIS scheme which is facing changes provides tax breaks to investors and succeeded the Business Expansion Scheme (BES).

Budget 2019: Financial advisers disappointed over failure to expand third flagship scheme

Leo Crawford, group chief executive of BWG Group, outside the relaunched SPAR Millennium Walkway store in Dublin city centre.

Retailing group to open 45 new stores and will go deeper into the restaurant market with in-store dining

BWG plans to invest €25 million in Spar/Eurpspar store refurbishments.

Group plans to invest €25 million in store refurbishments.

Artist’s impression of the completed development on Newmarket Square in the Liberties.

Site beside Teeling Whiskey Distillery with permission for development up to six storeys

“How could newspapers remain independent of government if they were to become hooked on the methadone of State cash?” Photograph: Robert Alexander/Getty Images

State interference with independence of newspapers would follow State money

The Minister Shane Ross said the tourism industry is “on fire”. Photograph: Alan Betson

Representative body stops short of expressing confidence in the Minister

Seán Quinn. A public supporter of Mr  Quinn is being sued by Quinn Industrial Holdings. File photograph:  Collins

Quinn Industrial Holdings also takes action against public supporter of Seán Quinn

Smurfit Kappa fell more than 2 per cent to €34.20. Photograph: Luke MacGregor/Bloomberg

In Dublin, the Iseq trails European peers with 0.4% drop, Smurfit Kappa falling 2%

Quinn Industrial Holdings filed its High Court action against Enda Corrigan from Enniskillen on Thursday. Photograph: Enda O’Dowd

Quinn Industrial Holdings alleges farmer circulated ‘defamatory’ material about it

 William Keeling, the brother of the Keelings food group chief executive Caroline Keeling, is the family’s “property guy” .  Photograph: Cyril Byrne

Family expanding FoodCentral business park on 280-acre site in St Margaret’s

Donnybrook Fair  owner  Joe Doyle with Musgrave chief executive Chris Martin at the company’s Donnybrook store.

Buyout completed early on Friday, six weeks after Dunnes Stores exited sale process

 Donnybrook Fair, which has been acquired by Musgrave.

Gourmet food company had previously held talks with Dunnes Stores

 The number 44  bus passing through Enniskerry, Co Wicklow. Photograph: Tim Butler

Caveat: Transport planners must listen to those driven to distraction by network redesign

Dermot Desmond spent $18.6 million Canadian dollars (€12.3 million) in the last week buying shares in Toronto-listed Mountain Province Diamonds.

Financier’s spends CAD$18.6m buying shares in Mountain Province Diamonds

The site of Green Reit at Molesworth and Dawson Street. Photograph: Cyril Byrne

European shares shuddered then recovered after Beijing hit back with tariffs on US goods

Eir this month announced it is taking back in-house about 950 roles from HCL Technologies, the Indian call centre company that runs the contract.

Dublin staff given choice to accept redundancy or move jobs to Cork, Limerick or Sligo

Musgrave operates or supplies 36 SuperValu stores in the North, as well as 83 Centra outlets. Photograph: Cyril Byrne

Musgrave group, including operations in Republic and Spain, has annual sales of €3.7bn

A takeover of Donnybrook Fair by Dunnes would have been seen within the industry as a natural progression for Ireland’s largest indigenous retailer

Opportunity knocks for one of Dunnes Store's rivals

Enda O’Coineen, a serial investor who also founded ‘Afloat’ magazine, said last week he plans to grow the Post’s print and digital offering.

Sunrise Media has made ‘substantial’ loans to Post Publications Limited in recent years

BWG, which also operates the Spar convenience store brand in Ireland, will use the Corrib deal to buttress its growing division that supplies foodservice businesses, such as restaurants and hotels. Photograph: Dara Mac Donaill

Lawless family will continue to run the business for BWG following takeover

 Ryanair boss  Michael O’Leary. Like Mourinho  he  has blazed through his career with an aura of invincibility, mounted on a steed of arrogance while lancing his enemies with gems from his oratorical arsenal. Photograph: PA Wire

What better way for Ryanair to distract from its mounting problems than to ban the media from its agm?

Eir HQ at Heuston South Quarter in Dublin. The majority of those affected will either have to relocate out of Dublin to other facilities, or take redundancy.

650 Dublin staff must relocate to Cork, Limerick and Sligo to keep jobs, company says

An image of the Dinish Island fishing harbour project in Co Cork

RPS says restructuring is a ‘technical move’ undertaken to give company ‘flexibility’ regarding its Irish operation

In New York, Tesla rose 5.7 per cent after analysts said the electric carmaker was on track to be profitable and cash flow positive in the second half of the year. Photograph: Georgios Kefalas/EPA

Shares in AIB and Bank or Ireland rise as optimism sweeps European financial sector

Murphy & Gunn BMW garage in Milltown, Dublin. Photograph: Aidan Crawley

Garage’s closure will result in 37 job losses

Leslie Buckley: The inspectors  will  examine suspicions that  he and Denis O’Brien may have discussed “inside information” about INM. Photograph: Dara Mac Donaill

However long it takes, the process will linger over INM like a cloud

Five Guys George’s Street, Dublin.Photograph: Aidan Crawley

Desmond brothers plan expansion for their burger restaurant franchise

Pending regulatory approval, it is expected to close in about six-to-eight weeks

Seller Key Capital put the newspaper on the market last September

We all remember the last “soft landing” predicted for the housing sector. Wasn’t it just like floating down from a cloud on to a big pile of marshmallows using a picnic blanket as a parachute?

Imagine a well full of ready-made writing clichés, euphemisms and brain-deadening jargon

Leslie Buckley: “I intend to robustly defend myself against each and every allegation.” Photograph: Dara Mac Dónaill

Former INM chairman responds to appointment of High Court inspectors to company

In the High Court, INM’s lawyers pleaded for more time to assess the judgment before it comes into force and inspectors are appointed.

High Court could hardly have been more damning in its judgment

INM did not confirm whether it would appeal, but said it was considering the “action” it might take “in the interests of the company and its stakeholders”.

High Court president agrees to appoint inspectors to newspaper group

Sales at Eir dipped 2 per cent to €1.27 billion. Photograph: Maxwells

Sales dip 2% as company plans to put more money into high-speed fibre, 5G network

Irish Tourish Industry Confederation chief executive Eoghan O’Mara Walsh (left) and Paul Gallagher, a former chairman of the body. File photograph: Eric Luke

ITIC said findings of report calculating special VAT rate ‘cost’ State €2.6bn in foregone tax

Sean Quinn: criticised the running of Quinn Industrial Holdings at a public meeting last month, and has publicly condemned attacks against QIH personnel and property in the past. Photograph: Dara Mac Dónaill

QIH says it will take legal action over ‘false allegations’ made against staff and owners

The evolution of the main Spanish stock market index IBEX 35 on view in Madrid on Monday. Photograph: EPA/ZIPI

US market closed due to Labor Day holiday but UK markets perform well

Two employees of Christie’s manoeuvre the Lehman Brothers corporate logo as it went on auction in September 2010 in London. Photograph: Oli Scarff/Getty Images

Bankers, if you plan on partying for God’s sake don’t let anyone know about it

Marian O’Gorman and her son, Greg.

Family dispute began after Marian O’Gorman sacked her son as marketing director

Poundworld in Stockport, UK. The Henderson family deal to buy some of the stores has collapsed.

Dublin-based Hendersons believed they had deal to buy 50 UK stores

Cian O’Sullivan: Dublin star is set to leave Pricewaterhouse Coopers  to move to a rival advisory firm in the coming weeks. Photograph: Ryan Byrne/Inpho

O’Sullivan to take leave of PwC while Andrews returns to stockbroking firm Davy

The decline in the number of rural pubs was the pretext for a call by the Drinks Industry Group of Ireland for a cut in excise in Budget 2019. Photograph: Brian Lynch

Caveat: Ireland is over-pubbed and the drop in numbers was inevitable

HCL Technologies employs close to 1,000 staff in Ireland on the Eir contract

Derek Handley, who runs Seniors Money in Ireland, said the transaction was part of a “restructuring” of the wider group. Photographer: Dara Mac Dónaill

Provider seeks funding to re-enter market with equity-release home loans to elderly

The acquisition of Tangerine Confectionery, which owns old-school Irish sweetshop favourites such as Black Jacks, Fruit Salads, sherbert Dip Dabs and Refreshers, is the 12th buyout in the eight years since the establishment of Valeo.

Move brings the annual turnover of Dublin-based up to €870m

British contractor G4S fell more than 1 per cent after the British government took over the running of a prison after an inspection found it had fallen into a “state of crisis”.

Market report: Traders await clues from a meeting of central bankers later this week

With sales of £3.4 billion, Sports Direct is king of its castle in sports retailing in Britain.

Maverick may be one of the most influential investors in Irish retail

Web Summit’s founder Paddy Cosgrave was naive to think he could bring Marine Le Pen to the Lisbon event and get away with it without causing severe damage to his business and reputation. Photograph: Pedro Nunes/Reuters

Backlash to Web Summit founder’s invitation to Le Pen was predictable

Computer-generated image of Fibonacci Square in Ballsbridge, a site being developed by Johnny Ronan and Colony Capital.

Fibonacci Square beside AIB’s Bankcentre earmarked as HQ for Facebook

Denis Desmond of concer promoter MCD.  Photographer: Dara Mac Donaill / THE IRISH TIMES

MCD has been bought out in full by a UK-based company that is a 50/50 joint venture between Live Nation and Desmond’s Gaiety Inves(...)

Lidl: being encouraged by some local authorities to pursue more mixed-use developments to maximise site usage. Photograph:  Rui Vieira/PA

Outlet on site of old Belgard Inn will feature ancillary units as part of mixed-use drive

Shares of Italy’s Atlantia, which owns Autostrade, fell 5.4%  after a large section of the Morandi viaduct upon which the A10 motorway runs collapsed in Genoa. At least 22 people are believed to have died. Photograph: Flavio Lo Scalzo/EPA

In Dublin the two big banks fall and Aryzta’s share price continues its yoyo performance

Australian home-improvement company Wesfarmers purchased the Homebase chain for £340m in 2016, but the business lost more than £600m over two years. Photograph: Getty Images

Store also plans to cut 1,500 jobs as struggling home-improvement chain seeks to shore up performance

The Project Scariff sale is expected to be the last big portfolio sale undertaken by Ulster Bank, which has been restructuring its Irish assets for almost a decade.

More than half of the portfolio includes buy-to-lets with average arrears of €32,000

The record overall value of M&A was skewed by the €67.1 billion deal agreed in May between Japanese drugmaker Takeda and Shire. Photograph: Kim Kyung Hoon/Reuters

First half of year sees 76 deals worth €70.9bn involving Irish-based companies

Ryanair accused Expedia of “mimicking” real-life customers. Photograph: Andrew Harrer/Bloomberg via Getty Images

Budget airline has fought legal cases against alleged screen-scrapers in European courts for years

Businessman Denis O’Brien owns close to a third of INM yet no longer has any board representation. Photograph: Dara Mac Dónaill

Caveat: Story has gained so much attention because businessman’s name is attached

The Hendersons said they would buy the ‘best and remaining’ Poundworld stores in Britain. Photograph: Reuters

Hendersons will buy between 35 and 50 of failed retail chain’s stores

 Independent House, Talbot Street, home to the ‘Irish Independent’. Photograph: Alan Betson/The Irish Times

Outside contractors searched company system for information about individuals

Danish jewellery maker Pandora, sank 24.2% to a four-year low after cutting its sales and profit margin guidance  and announcing  400 job cuts

Markets report: European shares rise while in New York tech and financial stocks lead

 Domino’s reported group-wide revenues of £616m across its 1,200 stores to the beginning of July, up 12.8%. Photograph: Reuters

Market remains ‘highly profitable‘ for UK-listed group, which recently opened 50th Irish store

“Sunday Business Post”: final sign-off on the due diligence part of the purchase transaction could come this week. Photograph: Bryan O’Brien

Businessman advised by Declan Dooley as director of entity used for paper purchase

An Aoife stove by Waterford Stanley

Middleby restructures loss-making stove brand, outsourcing almost all manufacturing

M1 between Dublin and Belfast:  A growing number of SMEs in Ireland are planning for the impact of Brexit. Photograph: Bryan O’Brien

Intertrade reports one-fifth of Irish SMEs having put formal Brexit strategy in place

Vanessa Byrne of Mason Hayes & Curran: “Quotas can be controversial, particularly among high achievers”

More than half of female lawyers surveyed support gender quotas to combat inequality

The 9% VAT rate was the “right rate for the sector”, according to the Irish Hotels Federation

Increase in the tax rate would be ‘absolutely incredible’, says Irish Hotels Federation

Marian and Gregory O’ Gorman pictured before their dispute

Greg O’Gorman had instigated court proceedings against his mother Marian O’Gorman

Robert Finnegan of Three  Ireland: says 5G could “play a part” in delivering internet services to rural homes. Photograph: David Sleator

Contract customer numbers and cost control push ebitda to €94m in half-year to end June

Temple Bar area: Irish Tourist Industry Confederation fears a  “no deal” Brexit could cost Irish tourism up to €260 million in 2019.

Irish Tourist Industry Confederation seeks annual allocation of €164m in face of Brexit

Chinese tourists capturing the stature of Oscar Wilde on Merrion Square. Photograph: Cyril Byrne/The Irish Times

Caveat: The industry is currently booming but we all know that booms never last

Canning Fok, group managing director of Hutchison Whampoa Limited with Robert Finnegan CEO of Three Ireland. Photograph: Brenda Fitzsimons

Jump in contract customer numbers helps mobile operator increase earnings 22%

Business conditions remain strong for Smurfit Kappa. Photograph: Jason Alden/Bloomberg

‘We can deliver value,’ says Ken Bowles as company reports 5% rise in revenues

The Crowe survey for 2017 found record profit levels, occupancy and average room rates in all regions.

Hotels booming but food sales face slowdown as alternative wedding venues eat their lunch

Tourists at the Molly Malone statue in St Andrew’s Street in Dublin. Photograph: Alan Betson

Department of Finance says rate has cost €2.6bn since its introduction during recession

Adrian Cummins of the Restaurant Association of Ireland: In a radio interview, the association’s chief executive  suggested €20 might be a fair charge for a no-show. File photograph: Cyril Byrne

Association accuses watchdog of ‘losing the run of itself’ by targeting SME group

The family’s patriarch, Ray Henderson, founded Poundworld, an entirely separate business to the UK group, in the Republic in 1984. Photograph: Anna Gowthorpe/PA Wire

Henderson family plan bid for insolvent British discount retailer

Camile Thai founder Brody Sweeney said future growth in Ireland would come from franchised outlets.

Founder Brody Sweeney reveals another outlet in London for thriving restaurant chain

Seán Gallagher reacts as Martin McGuinness brings up the subject of a cheque on RTÉ’s The Frontline in 2011. Photograph: RTÉ

Caveat: Proviso of pitch for office is that business success precludes need for money

Beyoncé and Jay-Z’s latest album, ‘Everything is Love’, has shot to the top of the pirate download charts.

Imposition of ‘graduated response’ policy on copyright infringement to be sought

Kerrygold is the second-best-selling butter brand in the US, where it grew 21% last year.

Class-action suit filed in California alleges ‘false advertising’ by firm

The Sheep’s Head peninsula in West Cork: Irish tourism sources more than a third of overseas visitors from Britain. Photograph: Bryan O’Brien

Umbrella group due to meet Government to discuss worries over UK exit from EU

Gains in UBS boosted the banks sector. Photograph: Alex Kraus/Bloomberg

Irish banks advance on positive sentiment driven by strong performance from UBS

Lorraine Higgins, REI’s chief executive, suggested the fall in coffee sales is “wholly attributable to the heatwave”.

Coffee sales fall for first time in five years while garden centre sales are in full bloom

A selection of Irish Times newspapers. Photograph: Frank Miller

Report for Minister laid out media plurality imperative for approving takeover

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