Minister for Finance Paschal Donohoe with children from the local Chinese community at the launch of Chinese New Year celebrations at the Hill Street Family Resource Centre in central Dublin. Photograph: Gareth Chaney/Collins

Short memories about cost of past excess mean we are doomed to repeat mistakes

Warehouse operates from five locations in Dublin.

Fashion retail chain is owned by Icelandic bank Kaupthing

Building materials group CRH rose more than 1%  in Dublin to €35.40

Iseq tracks performance of many of its European peers and slips by almost 0.5%

Grafton Street was named the 13th most expensive shopping street in the world by property agency Cushman & Wakefield, and the seventh most expensive in Europe, with rents averaging €3,794 per sq m per year

Shoe retailer maintains it would be unable to make money due to landlord Irish Life’s rental stance

Ziva Eger, chief executive of Israel’s Foreign Investment and Industrial Co-operation Authority: ‘Israel is different to Ireland. We don’t feel that competition so much. Ireland has the market [the European Union] but it does not have the technology level that we have.’

Israel attracted a record $21.8 billion of foreign direct investment in 2018

The funding of Drinkaware by the alcohol industry, including Diageo and Heineken, is made clear on the website. Photograph: Getty Images

Minister for Health move against Drinkaware shows he is drunk on power

Taoiseach Leo Varadkar at the official opening of the BT Young Scientist & Technology Exhibition in the RDS on Wednesday. Photograph: Dara Mac Dónaill

Unionist politicians deplore decision by Minister for Justice to call off planned RIC commemoration

IDA Ireland chief executive warned of downside risks for foreign direct investment into Ireland over  the next few years. Photograph:  Chris Bellew /Fennell.

Multinationals employ record numbers but IDA chief warns of ‘significant downside risk’

Dr Maurice Manning rejected a suggestion  Government’s decision to defer  commemoration was an indication  ‘tolerance has gone out the window’. File photograph: Bryan O’Brien

‘Somebody lost the run of themselves’ over event, says ex-senator Maurice Manning

In New York, Google parent Alphabet rose 2.2 per cent after Pivotal Research upgraded the stock to “buy”. Photograph: Loic Venance/AFP

Ryanair fall by 1.5 per cent as Iseq slips by almost 0.5 per cent.

Glanbia’s Cheese Innovation Center  in  Twin Falls, Idaho

Food ingredients giant in international case involving supplement taurine

Fallon & Byrne  confirmed on Thursday that it had decided to shutter its 10,000sq ft  food hall and restaurant in the Swan Centre in Rathmines “with immediate effect”. Photograph: Aidan Crawley

Rathmines outlet shut ‘with immediate effect’ less than three years after it was opened

The Food Hall at the Fallon and Byrne outlet in Rathmines Swan Centre, Dublin. Photograph: Cyril Byrne/The Irish Times

The store was the biggest of the group’s three outlets at almost 10,000sq feet

Optimism over a US-China trade deal supported markets on Friday. Photograph: AFP via Getty

Holiday week sees thin trading in Dublin as rise in online shopping boosts Amazon

 Grafton Street on December 21st, 2019: Consumers were due to spend about €2,800 per household over the Christmas period. Photograph: Artur Widak/NurPhoto

Busy year for many Irish retailers at home and abroad despite weight of UK upheaval

Maximum Media founder Niall McGarry remains majority shareholder and a director. Photograph: Dara Mac Dónaill

Accountant John Feeley previously worked in senior finance roles

Niall Gibbons, the chief executive of Tourism Ireland: “We are on the periphery [of Europe]. Germany has 80 million outbound tourists. But they can travel by car. 90 per cent of visitors arrive here by air.”

Green taxes on air travel are viewed as another threat

The Central Bank report shows that Irish insurers made an average profit of 9 per cent last year. Photograph: Dave Meehan

Central Bank report shows no correlation between claims rises and premium increases

The ‘It Makes Sense’ scheme provides loans through credit unions of €100-€2,000 to social welfare borrowers who  cannot access normal low-cost loans. Photograph:  Colin Keegan

Scheme aims to steer social welfare recipients away from moneylenders

 Giles Hurley, CEO of Aldi UK and Ireland, with the supermarket’s Christmas food range at its divisional headquarters and logistics hub in Naas, Co Kildare. Photograph:   Nick Bradshaw

Giles Hurley is imbued with Aldi’s let’s-look-forward culture and has helped the German retailer adapt to the Irish market

Reality has hit home among Irish consumers that wages are rising and full employment is back. Providing Brexit is sorted without killing the economy, things aren’t so bad after all

Caveat: Aldi and Lidl have focused on consumers looking to ‘premiumise’, and you don’t do that unless you’re feeling good

Donald Trump tweeted that Washington was “very close” to a trade deal with Beijing. Photograph: New York Times

Irish banks help Iseq to 0.6 per cent rise

The Morrison was the first major Dublin hotel to have its secured loans put up for sale by Nama. Photograph: Dave Meehan

John Rocha-designed hotel increased annual profits by almost 49 per cent to above €2.75m

French pharma group  Sanofi posted its best day in three years after announcing revamped margin goals a narrower drug focus. Photograph: Philippe Wojazer/Reuters

European shares fall again with retailer Ted Baker in crisis after departures and warning


Data shows supposedly widespread culture of fraud is untrue

Minister for Foreign Affairs and Trade Simon Coveney and Palestinian president Mahmud Abbas at the Palestinian Authority headquarters in the West Bank city of Ramallah on Tuesday. Photograph: Abbas Momani/AFP

Ireland to contribute €8.8 million towards construction of solar power plant in Gaza

As recently as August, Three’s chief executive, Robert Finnegan, was promising a limited 5G rollout before the end of this year.

Mobile operator promises ‘substantial’ launch of high-speed 5G services in 2020

Niall McGarry is a 60 per cent shareholder in the Irish business and 80 per cent shareholder in Britain. Photograph: Dara Mac Donaill / The Irish Times

Founder Niall McGarry’s decision to step back comes amid a controversy over the accuracy of podcast listenership figures

Writer Christine Armstrong: delivered a feisty speech that sought to “blow up the bullsh*t” that says women can have it all – a perfect home life as well as a perfect career. photograph: maxwells

Caveat: Challenge for activists now is how it can be addressed

Shares in Providence Resources dropped by 11.5%. Photograph:  Finbarr O’Rourke

Providence biggest faller on Iseq on day of very thin trading volumes

Maximum Media founder, Niall McGarry  Photograph: Dara Mac Donaill

Move comes after concerns arose over ‘click farm’

Heaney Meats said joining BWG is ‘a very positive development’ that will help business grow. Photograph: iStock

Heaney Meats Catering had sales of €21.8m last year

Three increased its market share over 2018 to 35.1 per cent from 34.2 per cent.

Mobile operator reports profit after tax of €19.2 million for 2018

The logo of social media service Facebook. Photograph: Denis Charlet/AFP via Getty Images

Firm saw mean average pay packets last year of over €160,000 for its direct employees

The K Club had been on the market since last year.

Nursing homes operator Michael Fetherston wraps up deal for 5-star resort

Gareth Lambe, head of Facebook Ireland: Local unit remains ‘important’ for the group. Photograph: Dara Mac Dónaill/The Irish Times

Facebook Ireland says it paid €63.2m corporation tax and put €961m into ecomomy

A McDonald’s logo over a restaurant in London. Photograph: Aaron Chown/PA Wire

Fast food chain director says the firm ‘pumps prosperity’ across State following findings of report

Eric Baker, Viagogo’s chief executive, co-founded StubHub while in business school, but left before the business was sold

Concert ticket reseller has agreed a $4 billion buyout of US rival StubHub from eBay

The Sprucefield park’s tenants include large UK multiples, such as Marks & Spencer, Boots, Next, Pets at Home and a Mothercare outlet that is slated for closure.

Intu announces strategy of selling assets to cut debt as NewRiver REIT purchases units

Ding founder Mark Roden, who is gearing the company up for a major expansion in its workforce and services. Photograph: Eric Luke

Global mobile phone top-up platform preparing to add 100 new staff by 2021

Lidl Ireland and Northern Ireland managing director JP Scally on the roof of Lidl’s new distribution centre In Newbridge, Co Kildare. Photograph:  Robbie Reynolds

Newbridge facility will employ 350 workers, 100 more than the building it has replaced

RTÉ director general Dee Forbes’s recent PR campaign to jolt the public and politicians into worrying about the broadcaster’s financial future is, by far, the most effective thing she has done

Caveat: No matter what its management says, RTÉ seems to be fishing for State bailout

Visitors explore a Christmas market in  Vienna: Corporate travel platform Tripactions is limbering up for a major assault on the European market. Photograph:  Joe Klamar/AFP via Getty Images

Tripactions targets several potential clients based in Dublin as part of its European drive

Empathy Marketing said it intended to cancel some of its shares and shift some of its capital to create what is known in accounting terms as a ‘distributable reserve’

Empathy restructuring gives it leeway to take payments of up to €12.3 million in future

JP Morgan chief executive Jamie Dimon in 200 Capital Dock, which the bank agreed to purchase from the developers on a forward funding deal while it was still being built in 2017.

Bank moved to new building which can accommodate 1,000 staff

Traders working the floor of the New York Stock Exchange. Heading into Tuesday’s  afternoon session, seven of the 11 major S&P 500 sectors were lower

Markets report: London is up slightly, while Uniphar is the top performer on the Iseq

Wall Street’s main indexes hit fresh record highs, as the trade optimism and solid earnings from semiconductor industry bellwether Applied Materials boosted risk appetite

Markets report: European shares clocked a sixth-straight week of gains on Friday

About 43 per cent of aviation emissions come from the sort of narrow-body aircraft upon which most visitors to Ireland arrive. Photograph: Artur Widak/NurPhoto via Getty Images

Sector thinks it can grow unhindered but environmental concerns already having effect

Leo Crawford, group chief executive of BWG Group. The payments represent a remarkable turnaround for his management team

Three BWG officials to receive payments as group’s equity is valued at €415m

The site of Uncle Tom’s Cabin, which has been sold

South Dublin pub and car park zoned for residential development

Sectors such as fruit picking are seen as the most likely beneficiaries of the proposed new system. Photograph: iStock

Proposed legislation would see non-EEA workers granted temporary permits

Tullow Oil’s offices in Leopardstown

Problems at Ghana and Guyana oil fields for company founded by Aidan Heavey

IDA’s total land holdings comprise about 10,500 acres across the State, although most of this is already occupied by client companies. Photograph: Alan Betson

Desirable location near M7 makes site ideal for business park or single big multinational

Larry Goodman snr: Urban Life, the property company run by his son Laurence Goodman jnr, banked a €3.4 million fee for development work it undertook on behalf of Yack, a company linked to Mr Goodman snr. Photograph: Alan Betson/The Irish Times

Housebuilder’s sales rose to €33.1m in 15-month period as it expanded into Britain

FBD chief executive Fiona Muldoon. Shares in the insurance company fell 0.7 per cent to €8.50 after the Central Bank told an Oireachtas committee the bank would look at ways of banning home and motor policy dual pricing

Poor day on Dublin exchange for building and housing stocks, while FBD insurance group falls

DCC’s Donal Murphy. Photograph: Cyril Byrne

Dublin group reports strong interim performance as profits rise despite fall in sales

Fáilte Ireland chief executive Paul Kelly: “In corporate travel the length of stay has also gone down significantly”

Measures include €12m to develop new visitor attractions

Paddy Cosgrave, CEO and co-founder of Web Summit (centre right) at the  official opening ceremony of the 2019 Web Summit  in Lisbon. Photograph: EPA/MIGUEL A. LOPES

Another profitable Web Summit, but is this success sustainable long term?

US-based David Chaum said the growing realisation among ordinary people that their private messages online could easily be spied upon by governments is causing “an erosion of confidence in democracy itself”.

‘Father of online privacy’ David Chaum warns legislation will not solve problem

 Microsoft president Brad Smith speaks of the promise and danger of the digital age at Web Summit in Lisbon, Photograph: Antonio Cotrim/EPA

Web Summit hears governments need to move faster in delivering access to internet

Paddy Cosgrave, chief executive of Web Summit. Photograph: Miguel Lopes/EPA

Founder says the 77,000 people at Lisbon event this year is the ‘perfect number’

Michel Barnier speaking at the Web Summit in Lisbon.

Web Summit: Trade talks will be a ‘major challenge’, EU Brexit negotiator says

The decrease in jobs available is most prominent in sectors including science, pharma and food roles

Job vacancies in the third quarter were down 8% on the same period in 2018

The organisers of the four-day event, which is being held in the Portuguese capital for the fourth year since it left Ireland, say almost 70,500 delegates are expected this week at the Altice Arena and FIL

The big draws this year include Edward Snowden, Eric Cantona and Michel Barnier

 Anna Scally, KPMG partner in Ireland and leader of its fintech practice: “I predict that over the next few quarters, we will see more investors putting their money behind early stage companies with decarbonisation solutions”

Companies with decarbonisation solutions expected to attract more investment

The 186-bedroomed Tallaght Cross hotel was sold to Thomas Roeggla by an unnamed private investor who bought it from Nama about four years ago

Tallaght Cross is the latest addition to Thomas Roeggla’s portfolio of about 13 Irish hotels

The firm said it employed more than 2,400 staff in the Republic during the year, 49 per cent of whom were women

Including its operations in the North, EY says its total revenues for Ireland was €372.5m

At head of function level, the research found, the proportion of women at this level of seniority has increased in all sectors with the exception of the manufacturing, distribution and “materials” industries

Ibec highlights sectors where challenges ‘need to be tackled as a matter of priority’

The acquisition is the latest in a string of buyouts completed by BPMG since Kilcullen Kapital Partners

Portfolio of magazine titles also includes Food & Wine and Auto Ireland

Gary McGann and Kevin Toland of Aryzta at a company agm in Dublin. Photograph: Alan Betson

Investor advisory group raises concerns over bonus scheme for executives

Managers only send out-of-hours emails because staff quickly answer them. We do this because we’re never off the damned devices

Caveat: Nobody needs a law to turn off their smartphone. We can all take action

John O’Sullivan at the newly-built Hyatt Centric Hotel in Dublin. Photograph:  Crispin Rodwell

Hodson Bay group chairman John O’Sullivan oversees the opening of the new Hyatt Centric on old Viking territory in Dublin

Documents filed by Fitch in Dublin suggest the reorganisation will take place in March 2020. Photograph: Getty Images

Ratings agency will merge its main company in each of the five European markets into a new Dublin company

Wall Street: Beyond Meat tumbled 22.05 per cent as the vegan burger maker said it would need to offer more store discounts amid rising competition. Photograph:  Brendan McDermid

Markets report: London stocks slip as general election uncertainty makes investors cautious

Building materials group CRH closed up 1.5 per cent to €32.99, partly on a read-through from positive Q3 figures from its peer, LafargeHolcim.

AIB stock falls but FBD climbs as departures announced

In 2018, Eddie Rockets (Ireland) recorded a €2 million increase in its overheads. Photograph: iStock

Group implemented a ‘complete restructuring’ of its operations in 2019

Paddy Cosgrave liked big tech’s impact on society to the societal change brought by the invention of cars.  Photograph: Nick Bradshaw

Web Summit founder speaking in Dublin ahead of next month’s event in Lisbon

Mediahuis chairman Thomas Leysen  is a banker, a member of the European Round Table of Industrialists and he has organised meetings of the Bilderberg free markets talking shop. He knows this game.

Mediahuis is going to keep cutting costs in its newsrooms to stay profitable

Shamrock Rovers’ Dan Carr and Graham Cummins after a recent game at Tallaght Stadium.Photograph: Ryan Byrne/Inpho

Proposed transaction expected to be put before shareholders for vote in coming weeks

Abtran would not comment last night on the price at which that stake has been repurchased, but it said ‘the transaction value is very significant’. Photograph: iStock

Company that runs Irish Water call centre now wholly owned by private investors

INM has signalled that it will shift some of the printing of its flagship newspapers to the group’s other plant in Newry, Co Down. Photograph: Dara Mac Donaill

Move comes after almost two-thirds of 84 staff applied for voluntary redundancy

Munster Express offices, Waterford city. Photograph: Bryan O’Brien

Malcolm Denmark believed to be in advanced discussions to buy Waterford weekly

The launch of An Post’s inaugural gender pay report. Photograph: Maxwell

Semi-State plans to hire more female managers and to achieve 50-50 split on shortlists

The group is also building a new €40m distribution facility in northern Germany, as it brings its ‘big box’ retailing model to the continent. Photograph: Frank Miller

Sales at its 21-strong Irish division also rose last year to almost €226m

Dermot Desmond owns 30 per cent of Mountain Province Diamonds.

Company cites market sentiment, prices and bad weather

Appliances Delivered has told its customers that all orders on white goods made before it announced its closure will be honoured. Photograph: iStock had accumulated losses of €5.5m and was ‘not sustainable’

Sgt Stubby: An Unlikely Hero is  an animated production about a dog that became a first World War US army sergeant.

Talks ongoing for debt-for-equity swap with Irish and US backers after US box office sales disappoint

INM is believed to be preparing to implement a paywall on its website early next year

Staff meeting with publisher Peter Vandermeersch express unease over redundancies

If  Dermot Desmond  hasn’t invested for love, or for money, then it must be for the punishment. Photograph:  Cyril Byrne

For love or money? Billionaire financier’s football investments show his emotional side

A surge in sterling and the rally in Britain’s domestically exposed stocks also fizzled. Photograph: Bloomberg

Irish banks give up some gains of recent days as AIB down 3.6% and BofI slides almost 1%

Fáilte Ireland’s remit includes responsibilities such as product development at home and the marketing of domestic tourism.

Tourism Ireland complains to Government over sister agency’s plans

 Apple provided the biggest boost to the  S&P 500 and Nasdaq. Photograph: AFP

Iseq up close to 4 per cent with banks leading the way

Minister for Finance  Paschal Donohoe delivered a budget that prompted “little cribbing and moaning . . . more a general air of acceptance.  Photograph: Tom Honan

Caveat: Prompt action in emergencies contrasts with sloth in dealing with chronic problems

Claire McAree: ‘There is a shortage of people on this island who know anything at all about tariffs. It’s a minefield. It could be problematic. But we’ll cope.’

State uses Budget 2020 to draw battle lines with €220m package to support the economy

Derbyshire-based Matthew Walker dominates the seasonal pudding market through most major retailers including Lidl and Waitrose, and and has sales of about €40 million.

Dublin-based company recently bought Kettle crisps British operation

An industry representative said Minister for Tourism Shane Ross had ‘failed again’ for not getting last year’s VAT move reversed. Photograph: Gareth Chaney/Collins

Budget 2020: Confusion over whether there were two funds clarified by department

Increases to tax credits for the self-employed, as well as measures to help SMEs retain staff, were welcomed.

Budget 2020: failure to increase tax relief on capital gains criticised

A new €500,000 investment limit is also being introduced, but only for EIIS funding from “investors who are prepared to invest... for ten years or more”.

Budget 2020 incentives: tax relief can also be claimed in full in the year of investment

Some of the €40 million for tourism will be used to advertise in Britain key attractions like the Cliffs of Moher .

Budget 2020: Overall war chest of €1.2bn earmarked for expenditure around UK’s exit

The group now operates only in Ireland and Spain, effectively abandoning the British market after 32 years.

Group now operates only in Ireland and Spain, after closing British stores

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