Digicel made no comment on Antiguan prime minister Gaston Browne’s apparent offer for talks to buy out the group’s island operation. Photograph: Ken Cedeno/Digital/Corbis via Getty Images

Prime minister says he offered Denis O’Brien a state buyout to settle legal row

Dermot Desmond: he owns almost 30%  of Mountain Province Diamonds. Photograph: Cyril Byrne

Dermot Desmond is the biggest investor in Canadian miner Mountain Province Diamonds

Broadcom fell 6.53% after it cut its full-year revenue forecast by $2 billion. Photograph: Mike Blake/File Photo/Reuters

In Dublin, Iseq fell 0.6%, with poor performances from some larger financial stocks

Activists protesting for  safe workplace for garments workers mark the sixth anniversary of the Rana Plaza building collapse, in Dhaka, Bangladesh, in April. Photograph: Mamunur Rashid/NurPhoto via Getty Images

‘Fast fashion’ exemplifies consumer attitudes and behaviour conflict

DCC chief executive Donal Murphy last year got an €840,000 basic salary, a bonus of more than €1.3 million, and €722,000 under a long-term incentive scheme. Photograph: Eric Luke

Energy-to-tech group’s chief financial officer paid €2.7m

Credit unions had €13.2 billion on deposit at the end of March,  and many have imposed savings caps. Photograph: Collins

‘Green’ loans should be targeted, respondents say

The Netherlands’ King Willem-Alexander   and Queen Máxima take part in a tree-planting ceremony, watched by President Michael D Higgins  and his wife Sabina , after arriving at Áras an Uachtaráin. Photograph:  Paul Faith/AFP/Getty Images

First day of visit included round-table discussion on immigration and meeting Higgins

Lidl’s online grocery shopping and home delivery serviceis being extended.

Buymie algorithm matches online orders with the nearest personal shopper

Ryanair already operates six aircraft at its Maltese base under its own brand, servicing more than 60 routes.

Irish carrier believed to be in advanced talks with island’s government to launch Malta Air

Up to €400 million was invested in Rotterdam port last year by authorities to make it Brexit ready. Photograph: Frank van Beek/AFP/Getty Images

State visit next week of king lays groundwork for deeper economic co-operation

Public worries about “compo culture” scams forcing up the cost of motor and other insurance are nothing new. Photograph: Dave Meehan

Caveat: Compo culture is not a recent scam. Vested interests from all sides have fuelled it for years

A Genesys company in California has paid €1.3 billion for a share in Irish company Genesys Telecommunications Laboratories. Photograph: Smith Collection/Gado/Getty Images

Cash-neutral transaction ‘normal part’ of efforts to optimise business US group says

Denis O’Brien with Baldwin Spencer, ex-prime minister  of Antigua and Barbuda. Digicel claims the confiscation of its high-speed spectrum would mean “significant mobile disruption”  for 18 months

Denis O’Brien secures injunction against government of Antigua and Barbuda

Aryzta chairman Gary McGann  during the company’s last annual shareholder meeting. The food group was the best performer on the Iseq on Wednesday. Photograph: Arnd Wiegmann/Reuters

Applegreen shares slide and becames latest company to blame Brexit for poor performance

Sir Anthony O’Reilly, who was declared bankrupt in the Bahamas in 2015, is trying to have his insolvent status rubber-stamped by a Pittsburgh court. Photograph: Inpho

Former Heinz chief executive seeking to have insolvency recognised in US

Glanbia’s Optimum Nutrition division is being sued by a Texan technology company, Symbology Innovations

Texan firm suing Glanbia over use of QR codes on bodybuilding products

KBC research found about 30 per cent of Irish consumers believe Brexit will lead to higher housing costs. Photograph: Bryan O’Brien

Irish consumers’ key fear is Brexit will lead to increase in inflation, research finds

The slowdown marks the end of a period of goods and materials stockpiling that took place ahead of the March date originally scheduled for Brexit. File photograph: Phil Noble/Reuters

Activity slows as firms ease stockpiling with departure date for UK put back

DCC chief executive Donal Murphy. Photograph: Eric Luke

Disposal will ‘sharpen the strategic focus of DCC Vital’, company says

Facebook tumbled 7.4 per cent after reports that the Federal Trade Commission had secured the right to examine how its practices affect digital competition. Photograph: Niall Carson/PA Wire

London’s Ftse 100 also bagged gains as investors flocked to defensive stocks

PTSB admitted 42 separate breaches of banking codes of practice, covering mortgages between the years 2004 and 2018. Photograph: Alan Betson / The Irish Times

Central Bank fines PTSB €21m for the ‘unacceptable harm’ it caused customers

Mounting political worries sent sterling lower, helping more internationally focused stocks gain. Photograph: Damir Sagolj/Reuters

Sterling slips on concerns that the next UK prime minister may push for hard Brexit

The fine was levied against PTSB over its treatment of more than 2,000 holders of tracker mortgages

Fine is largest ever issued by the State’s banking regulator

File photograph showing Dutch minister for Foreign Affairs Stef Blok with  Minister of State for European Affairs Helen McEntee. Photograph: Olivier Hoslet/EPA

Stef Blok says he understands Irish concerns but ‘European borders have to be protected’

Queen Maxima and King Willem-Alexander of The Netherlands will visit Ireland for three days  in June. Photograph:  Christoph Soeder/AFP/Getty Images

Three-day State visit by the royal couple to include signing of a new Irish-Dutch double-taxation treaty

A coal fired plant generating power. Photograph: John Giles/PA Wire

Strategy includes increasing forest cover, cutting emissions from power generation, and overhauling carbon tax

Microsoft Ireland Operations revenues rose  from $22.8 billion  to $27.5 billion, a spike of more than 20 per cent. Photograph: David Ramos/Getty Images

Filings for Microsoft Ireland Operations show it paid $3.5bn dividend to US parent

It is right and proper that sacking a staff member for alleged misconduct requires employers to conduct thorough, inscrutably fair, bulletproof investigations with proper procedures and opportunities to appeal. Photograph: iStock

Caveat: A lawyered-up worker is what small business owners fear most

Rocket’s  opened its first German outlet in a Center Parcs resort  with a franchise partner,  Areas.

Irish restaurant group targeting franchise growth across Europe

Of the instore transactions that made up the bulk of card sales, 44 per cent of the €7.6 billion was spent on groceries and non-alcoholic beverages. Photograph: Alan Betson

Move to online retail only very gradual, according to study of spending

C&C reported a flat performance in Bulmers, but margins improved and the brand stabilised. Photograph: Nick Bradshaw

Group reports revenue of €1.57 billion for full financial year

German banks fell 1.6 per cent, with Deutsche Bank tumbling 2.9 per cent to a record closing low. Photographer: Krisztian Bocsi/Bloomberg

US crackdown on Huawei rekindles concerns about worsening global trade

As much as Minister for Finance Paschal Donohoe may wish it were otherwise, a rise in carbon taxes is firmly on the agenda for Budget 2020. Photograph: iStock

Caveat: Good luck with handling this one in October’s budget, Paschal Donohoe

Through a range of acquisitions and strategic partnerships with upscale Irish food brands, Dunnes has pursued the higher end of the market

After arrival of German discounters Dunnes chose to make a play on upscale Irish food

BWG’s retail brands  include Mace, XL and Londis, as well as Spar. Photograph: Eric Luke / The Irish Times

The South African parent group told its shareholders it was a “superb performance”

DCC’s  agm, in 2016. The London-listed Irish company is involved in sectors including energy, healthcare and the distribution of consumer electronics. File photograph: Brenda Fitzsimons

Diversified fuels-to-technology group reports a 20 per cent jump in operating profits

Shoppers on Henry Street for the Christmas sales. Photograph: Aidan Crawley/The Irish Times

Fuel sales, considered a good barometer of economic activity, were up 4.5% over quarter

Israeli soldiers stand under pictures of Jews killed in the Holocaust during a visit to the Hall of Names at Yad Vashem’s Holocaust History Museum in Jerusalem. Photograph: Baz Ratner/Reuters

A protest which risks mistaken impression of targeting Jews should not be supported

Traders work on the floor at the New York Stock Exchange, on Tuesday, when  stocks rebounded from Monday’s plunge.  Photograph: Brendan McDermid/Reuters

In Dublin Ryanair shrugs off a spike in fuel prices to rise by more than 2%

The number of passengers who used Dublin as a hub for connecting flights to other destinations rose to 171,000. Photograph: Eric Luke

About 9.3 million passengers have passed through the airport so far this year

If a mother wants to return to work after a few months so her partner can stay at home until the leave is used up, what business is it of the State to interfere in the efficiency of that choice for a couple? Photograph: iStock

A culture of shared birth leave would help to make the hiring stage a level playing field

Mediahuis CEO  Gert Ysebaert  and Thomas Leysen, its chairman,  in Dublin this week. Photograph; Nick Bradshaw

Belgian company bought newspaper group for little more than price of a long-range private jet

Ikea had sales in the Republic of €181.5m in the year to the end of last August. Photograph: Dara MacDónaill/The Irish Times

Swedish flat-pack furniture giant opts for four zones: North, South, Midlands, London

Sisk   said it was ‘disappointed’ to be removed from the list. Photograph: Cyril Byrne

Irish builder’s ability to win future British state building contracts now in jeopardy

Independent House newspaper offices on Talbot Street,  Dublin. Photograph: Leah Farrell/RollingNews

Denis O’Brien expected to see loss of hundreds of millions of euro from sale

Speakers from the floor at agm excoriate INM board for accepting ‘buttons’ offer

Gert Ysebaert, CEO  (l) and Thomas Leysen, chairman, Mediahuis. Photograph: Nick Bradshaw

Data breach scandal ‘factored fully into our decision making’ says Mediahuis

Independent News and Media has been sold to Mediahuis. Photograph: THE IRISH TIMES

Shareholders at agm say deal is ‘buttons’ as board criticised

The former finance minister of the Netherlands, Jeroen Dijsselbloem, moved to “phase out” the scheme in 2015. File photograph: Dara Mac Dónaill

System was beneficial because corporation tax in this State is half that in the Netherlands

In London travel group Thomas Cook was up more than 4 per cent, as it announced a boost to long haul bookings. Photograph: Michael Probst/AP Photo

Footsie manages only modest gains, kicking off the week with a lacklustre session

In addition to Kildare Village, above, Value Retail  owns eight other outlets centres in Spain, Italy, France, Belgium, Germany and the UK, including the huge Bicester Village near London.

Value Retail Management Ireland assumes ownership stakes in seven of the eight other European centres

Ardagh’s chairman and chief executive Paul Coulson attributed some of its volume growth to increased sales of beverage cans on both sides of the Atlantic

Increased demand for beverage cans on both sides of Atlantic lifted earnings by 4%

 Fallon & Byrne: has struck a deal with Eir to seek planning permission for a huge extension. Photograph: Eric Luke

Epicurean retail group signs 25-year lease with Eir for city centre outlet

 AIB deputy chair Catherine Woods during the bank’s agm at The Ballsbridge Hotel in Dublin. She said pay restrictions were of “concern” to investors. Photograph: Gareth Chaney/Collins

Caveat: Restrictions on bankers’ salaries example of when populism can be benign

Women’s fashion sales were more than 6 per cent behind the market average, as more female shoppers choose online sellers such as Asos.

Menswear sales rise by 5% but womenswear feels the heat of online competition

CRH finished the session up more than 0.5 per cent to €30.15, after its management update revealed plans for a further €350 million share buyback in coming months

Iseq falls back as AIB and Glanbia among big hitters to issue trading updates

Base operates six high-end pizzerias, mostly around its stronghold of south Dublin. Photograph: Dave Meehan

Firm makes bid for Base Wood Fired Pizza as part of effort to become more ‘foodie’

Shane Morris of  Aurora: “Our cannabis isn’t grown by guys in dreadlocks.”

Aurora’s ‘Peppermint Paddy’ leading Canadian firm’s efforts to open up Irish market

 Dalata’s  non-executive chairman John Hennessy  and chief executive Pat McCann:  claim Dublin needs a 1,000-bedroom superhotel is “the biggest load of rot”. Photograph: Eric Luke

Caveat: Pat McCann slams plan for 1,000-bed hotel as Fáilte considers options for HQ

Amelia-Lily Nwanguma (5) from Rialto, Dublin gives the Minister for Climate Action and Environment, Richard Bruton and Lidl Ireland managing director JP Scally a hand to launch Lidl’s new in-store recycling stations. Photograph: Maxwells

Customers will be able to offload paper and plastic packaging after paying for goods

Clerys was sold in the early hours of Friday, January 12th, 2015 and put into liquidation later that day. Photograph: Dara Mac Dónaill

Court hears KPMG liquidators now accept executives believed store would stay open

Dr Paul Gough, dietician and founder of Nualtra

Accounts for 2018 show pile of losses down to €4.2m and net assets up to €515,000

Debenhams on Henry street, Dublin. Photograph: Eric Luke

Group, which operates 11 stores in the Republic, has been placed in administration

Cameron O’Reilly said the new venture would be profit-focused and was not intended as an act of philanthropy. File photograph: Megan Lewis/Reuters

Reports say O’Reilly and investor John Fairfax have put up 2m AUD for new venture

Adrian Cummins: he says  a restaurateur should be allowed to write off a portion of the cost of providing accommodation for staff against tax

Government accused of not doing enough to address chronic skills shortage facing the hospitality sector

The OPW is working with tourism officials and Dublin City Council to identify public buildings in the city that could be used to host gala dinners for big international conferences. Photograph: iStock

Venues such as museums may be open to hosting gala dinners for business convention delegates

Donald Trump’s tax cuts, designed to get US multinationals  to repatriate profits,   have ‘pulled €50 billion out of Ireland’, according to the Sunday Times.  Photograph: Al Drago/ The New York Times

Seen & Heard: Spanish power, banker expenses and chasing licence evaders

Johnny Ronan’s proposed 22-storey tower has divided opinions. Photograph: Tony Gavin

Decision to approve what will be highest tower in State ‘a catastrophic error’, says An Taisce

INM chief executive Michael Doorly:  “Discussions are at a preliminary stage and there is no certainty that any offer will be made.” Photograph: Dara Mac Donaill

Newspaper group’s stock closes 30.5% up at 9.5 cent, valuing it at €131.7m

AIB whistleblower Eugene McErlean, who exposed overcharging. Photograph: Eric Luke

Caveat: A new book exposes rough treatment of whistleblowers in Irish financial services

According to a schedule of fees on the Sims website, each cycle of IVF starts at €4,600, with egg donor services starting at €7,700. Photograph: iStock

The Australian-listed group also owns the Rotunda IVF clinic

Oakmount confirmed on Wednesday that construction work on the boutique hotel is scheduled to commence ‘immediately’

Paddy McKillen jnr to turn former landmark Dublin nightclub into 52-bedroom hotel

INM’s  chief executive Michael Doorly told members of the Dublin investment community in meetings this week that the media group may end up being sold.

Michael Doorly ‘not aware’ of plans of Denis O’Brien and Dermot Desmond

Temple Bar in Dublin’s city centre. Meitheal, the annual gathering of tourism businesses and international buyers, is  taking place this week at Citywest on the city’s outskirts. Photograph: Edwin Remsberg/Getty Images

Lack of large hotels in capital costing ‘tens of millions’ in lost conferencing business

One of the strongest performances on Dublin’s Iseq was from Applegreen, the forecourts retailer that is targeting further international expansion

Market report: Iseq ends broadly flat with Hostelworld shrugging off dip in reported revenues

DAA International’s other ventures abroad include Terminal 5 at King Khalid International Airport in Riyadh, Saudi Arabia.

Aboitiz in accord with DAA to operate Bohol-Panglao and Laguindingan airports

Football Association of Ireland’s John Delaney: FAI board lacks overall independence and many members appear to be too close to the association by dint of time served. Photograph: Tom Honan

Caveat: John Delaney and FAI typify reluctance to have tighter organisational scrutiny

The five-star Powerscourt Hotel originally opened as a Ritz Carlton.

Property to be added to group that includes the Westin and Intercontinental hotels

An ABP plant in  Co Tipperary. Following the Goodman deal, Chinese consumers will now have additional access to Irish beef, including new products. Photograph: Aidan Crawley/Bloomberg

JD.com has 302m active users and Goodman family has courted the Chinese market for years

Among the biggest fallers on the European index was Bayer, which was down 2.9 per cent. Photograph: Odd Andersen/AFP/Getty Images

Europe suffers fourth day of losses as global growth worries are compounded by Brexit

  Ecocem Materials had total assets of €46 million and liabilities of €6.5 million at the end of December. Photograph:    David Sleator

Irish cement manufacturer proposes to restructure capital to allow for dividends payout

Last summer, as Eir was in talks with its customer care outsourced providers, its poor standards of customer care rose to prominence in the media

Row relates to telco’s decision to shut down ‘community forum’ section of its website

Clerys workers picket outside the Department of Jobs, Enterprise and Innovation, Kildare street, Dublin. Photograph: Eric Luke / The Irish Times

Caveat: Four years after collapse, €785,000 offer comes with strings

Three’s market share rose from 34 to 35 per cent last year. Photograph: Aidan Crawley/Bloomberg

Telecoms group plans 5G rollout to compete with fixed wireless broadband providers

 A Perrigo  facility in  Michigan, US.  Perrigo bought Elan eight months after the Tysabri deal in a  so-called “inversion” deal. Photograph: Getty Images

Perrigo has repeatedly argued it will defend its position in the tax case, and denies Elan underpaid tax on the Tysabri deal

The Clerys Clock on O’Connell Street, Dublin. File photograph: Dara Mac Dónaill

Consortium offers reimbursement in exchange for gagging orders

BooHoo founder Carol Kane with the company’s new CEO, Offaly native John Lyttle,  in Dublin.  Photograph: Dara Mac Dónaill

New chief executive John Lyttle will earn up to £1.5m a year in salary and bonuses

Hands across the water: Taoiseach Leo Varadkar meets US president Donald Trump in the Oval Office of the White House, Thursday. Photograph: Reuters/Jim Young

Caveat: State and business dance to the same tune in a week filled with carefully curated craic

The accounts of Larry Goodman’s ABP Foods Group in Ireland are shielded from public view under its unlimited status.

Combined assets of both companies grew by more than €160 million in year

The Caldwell family from Northern Ireland will retain majority control of Shorecal, which operates almost 30 Domino’s outlets on the island. Photograph: Alan Betson

Domino Pizza Group wants to increase Irish franchised outlets from 50 to about 75

Digicel said it had “filed a motion to dismiss as we believe the claims are without merit”.

Denis O’Brien’s telecoms company says the claims made against it are ’without merit’

Dublin-born accountant Ronan Dunne, former CEO of O2 UK, allegedly met with Phones 4U to pull phones from retailer

Telecom executives alleged to have made pact to put UK retailer out of business

In New York, a plunge in Boeing shares set the Dow Jones Industrial index for a sharp fall at the open on Monday. Photograph: Michael Nagle/Bloomberg

Iseq 20 index rises almost 0.6 per cent

The Market Bar on Fade Street, Dublin. Friday’s a deal was reached on the steps of the High Court with the bar’s owner, led by financier Niall McFadden. Photograph: Alan Betson

Launceston Property Finance understood to be owed some €900,000 by Mercroft Taverns

Acme Whistles owner and chief executive Simon Topman: “No matter the scenario, British business people will find a way.” Photograph: Simon Hadley

Britain’s second city is highly exposed but many are of the opinion business people ‘will find a way’

Ben Dunne at one of his gyms,  Westpoint, in Blanchardstown, Co Dublin. However, his place in Irish society was built on his time running the family retail business, Dunnes Stores. Photograph: Eric Luke

Caveat: The businessman transformed industries and lifted the lid on links between corporates and politicians

Diageo formally launched Rockshore Apple Cider on Thursday.

Cider will be available in bottles, cans and on draught

The total value of Irish M&A deals fell sharply to €7 billion in 2018, according to the research from William Fry in conjunction with Mergermarket.

Volume of deals rises year on year but value falls by 57 per cent

Solicitor John Doyle, former  Sunday Business Post journalist Tom Lyons, former Sunday Business Post editor Ian Keogh, and  Sunday Business Post CEO Siobhán Lennon leaving the Four Courts on Friday. Photograph: Collins Courts

Tension racheted up in Courtroom 25 as those on both sides waited for jury’s verdict

Former Sunday Business Post journalist Tom Lyons with the paper’s former  editor, Ian Kehoe and the paper’s chief executive Siobhán Lennon pictured outside the Four Courts on Friday. Photograph: Collins Courts

Review of defamation laws underway, Leo Varadkar says, in wake of Denis O’Brien case

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