As industry prepares for a new phase of pandemic, the State is devising new laws to boost workers’ rights to gratuities

The scaling up of housebuilding activity in recent years is underlined by the fact that the total for 2021 was 3.5 times the total for 2015. File photograph: Getty

Official figures show annual rate of housebuilding is close to Government targets

For as long as there is social distancing and any hint of a public health threat  the trading environment for pubs will be difficult. Photograph:  Sasko Lazarov/

On future nights out we are likely to seek out better ventilation and thinner crowds

Torca has been backed heavily since its inception by Warren Private. File photograph: Getty

Oisín and Phelim O’Connor are sons of Celtic Tiger developer John Flowery O’Connor

Data protection commissioner Helen Dixon has repeatedly  rejected criticisms while also seeking more resources from the Government. File photograph: The Irish Times

Data Protection Commissioner has been under pressure over allegations of weakness

Labour TD Ged Nash wrote to the committee’s current chairman, asking it to undertake an ‘an urgent examination’. Photograph: Dara Mac Dónaill

Public Accounts Committee asked by former member to examine State wage subsidies

GC Aesthetics raised the cash in December after a separate cash call for a similar amount in July. Photograph: Getty Images

Dublin-headquartered GC Aesthetics is backed by Barry’s Tea and Bill McCabe

AIB said manufacturing exports from Ireland remain ‘subdued’ during the pandemic. Photograph: Stephen Collins/Collins Photos

Supply chain pressures easing but sector still suffering capacity constraints, AIB index shows

The re-emergence of restrictions on hospitality is likely to push the grocery sector back into growth in early 2022. Photograph: Dara Mac Dónaill

Reviving city centre retail and labour shortage will be big challenges for year ahead

The accounts show that Zara claimed more than €1.6 million in taxpayer subsidies towards the wage bill for its near-370 workers. Photograph: Alan Betson

Spanish retailing group appears to have received rent breaks from Irish landlords

Outdoor dining became a familiar sight in Dublin city centre during the ongoing Covid crisis.  Photograph:  Nick Bradshaw

Sectors plunged back into uncertainty by the restrictions caused by Omicron variant

Supermac’s founder Pat McDonagh outside Supermac’s at the Galway Plaza. Photograph: Joe O’Shaughnessy

Caveat: Supermac’s Holdings shows some were entitled to subsidies while doing well

The 13th hole at PGA Catalunya near Girona, Spain. File photograph: Getty

UK-registered company Murray Holdings records 27% dip in revenues last year to £22.7m

Ryanair’s chief executive, Michael O’Leary, has criticised the British government’s ‘panicky’ response to  the Omicron variant. Photograph: Stephanie Lecocq/EPA

Caveat: Ireland must choose between following UK or EU policy on travel rules

Online fashion retailer Boohoo plunged 23.1 per cent after warning that expectations for its 2021-2022 year will be lower than previously guided, blaming higher returns, delivery disruptions and pandemic-related cost inflation

Central banks in Frankfurt and US committed to ending stimulus

People queue outside Krispy Kreme in Blanchardstown in pre-Covid times. It claimed €121,000 in TWSS payments from the State

The Government is considering changing the law to stop companies in receipt of State supports from paying shareholders

Prometric’s accounts for the 12 months to the end of September 2020 state it paid a “dividend totalling €1.25 million to the immediate parent company, Ireland Test Center Delivery Limited, domiciled in Ireland and a Maltese tax resident”.

Prometric Ireland sent cash to Maltese tax-resident firm and Luxembourg

The department confirmed it will consult with Paschal Donohoe, the Minister for Finance, and then look again at the legislation underpinning the State’s flagship Employment Wage Subsidy Scheme. Photograph: Julien Behal Photography/PA Wire

Government considering legal change to stop companies on subsidies paying dividends

Fianna Fáil TD for Dublin Bay South Jim O’Callaghan: “The terms of the schemes should be amended to ensure that no dividends can be paid out by companies that are in receipt of pandemic supports.” Photograph: Cyril Byrne

Firm behind Mercedes received State support and paid €1.8m to offshore shareholder

The Irish family-owned group that distributes Mercedes-Benz cars in Ireland received close to €1.8m in taxpayer-funded pandemic subsidies last year, but it also paid a dividend of a similar amount to the offshore company that controls the business

Company controlled by the O’Flaherty family paid the dividend to an offshore entity

Brown Thomas on Grafton Street. Photograph: Nick Bradshaw

Retail maverick Vittorio Radice involved in Thai group behind bid for Irish stores

Are we to maintain the pass system for years? Because unless we think seriously about an alternative that’s where we’re heading by default. Photograph: Getty Images

It makes no sense for vaccine passes to become semi-permanent

Dan Pender and his employees at 360, which has been taken over by US communications group Finn Partners. Photograph: Andres Poveda

Finn Partners has been working with the Irish agency for IDA Ireland abroad

Chef Richard Corrigan at the Virginia Park Lodge in Cavan. Photograph: Dara Mac Dónaill

London-based Meath restaurateur was predicting a return to ‘pre-lockdown levels’ of trading before Omicron arrived

National Beauty Distribution owns brands such as hair products line Kevin.Murphy and distributes sanitiser brand Mae Mae

Will McCreevey sells stake in National Beauty Distribution and is made redundant

Datalex’s revenues last year slid 38 per cent  as its airline customers pulled back on investment in the teeth of the pandemic. Photograph: iStock

Brokers say deal is first ‘meaningful’ client win in three years

The owner of the group says there has been a decline in demand among women for hair and beauty services. Photograph: Getty

L’Ombré group wants Government to rethink tapering of financial supports

‘Addressing the housing supply deficit is one of the country’s most urgent social and economic imperatives,’ said chief executive Colin Hint

Bank says money will finance 3,000 new units

The US market for lamb and mutton imports is €886m, says Bord Bia

US consumers eat barely a tenth as much lamb as Irish consumers

The Redesdale Food and Beverage Fund will invest in early stage wellness and food companies, with a heavy emphasis on those developing products with a health benefit.

State pitches €15m into Redesdale fund through Enterprise Ireland

 Britain’s Lewis Hamilton driving his  Mercedes at the Austrian  grand prix in July. If Formula One  is serious about climate change why does it keep expanding its calendar? Photograph: Getty Images

Cavan insulation business made an out-of-character mistake joining F1 ‘sustainability’ agenda

Karl Brophy and Gavin O’Reilly are suing INM/Mediahuis as well as Leslie Buckley over the alleged leaking and ‘interrogation’ of their personal data in 2014. Photograph: iStock

Company has 42 days to file a defence in suit taken by Karl Brophy and Gavin O’Reilly

Spearline helps call centres to monitor their network and call quality. Photograph: iStock

Spearline is buying Tel Aviv-based testRTC

Bank of London claims it will ‘power the borderless economic infrastructure of the future’. Photograph: Michael Sohn/AP

Bank of London was valued at $1.1 billion ahead of its launch this week

There is a backlog of manufacturing orders to complete right across the sector, which AIB attributed to “raw material and component shortages, and transport delays”. Photograph: Stephen Collins/Collins Photos

AIB index says activity still at historic highs

A health worker administers a dose of the Covid-19 vaccine in Cape Town. Photograph: Dwayne Senior/Bloomberg

Comments from Moderna’s chief about vaccine efficacy against variant spook investors

Eamon FitzGerald has already signed up more than 1,000 subscribers,  each paying €10 per month for access to WineSpark. Photograph: WineSpark

Six-month-old retail start-up attracts equity from France, Spain, Italy and Germany

Wetherspoon’s Keavan’s Port hotel, on Camden Street, Dublin. Photograph: Dara Mac Dónaill

Food-focused South Strand pub to open on Hanover Quay in Dublin

Unions had sought higher increases but employers’ groups, who warned of inflation in the building sector, argued for lower increases than those granted. Photograph: iStock

Construction staff to get two pay increases of 2.8% over next two years, following Labour Court recommendation

Ryanair had embargo about its deals for Cyber Week. Why should journalists abide by private company’s marketing promotions? Photograph: Paul Faith/AFP via Getty

Large organisations are sometimes allowed to try too hard to control the message

Dermot Desmond has received about  €42.5 million from Intuition  in dividends and loans over the last two years. File photograph: The Irish Times

E-learning company has been highly successful cash cow for billionaire investor

Each Emirates aircraft between Dublin and Dubai includes 42 business class seats and eight first-class seats. Photograph: iStock

Emirates spies opportunity in business travel on Dublin-Dubai route

Central Bank governor Gabriel Makhlouf said the ECB should be prepared to combat inflation ‘if the evidence starts to point to a need for this earlier than we had expected’.  Photograph: Dara Mac Dónaill Governor of the Central Bank of Ireland Gabriel Makhlouf. Photograph: Dara Mac Dónaill/The Irish Times

‘We cannot afford to be complacent’ about inflation risks, Central Bank governor warns

Middle Eastern airline Emirates says it could be next summer before it restores more capacity on its route from Dublin to its hub in Dubai.

It currently flies about 1,250 passengers weekly from Dublin to Dubai

AIB closed up 1.8 per cent to €2.19, while BOI was ahead by 2 per cent to €5.07

Telecoms sector buoyant on KKR’s Telecom Italia dealmaking

Both airports will  receive funding for 20 electric ground vehicles, including aircraft tugs, baggage conveyors, passenger ground transport, airfield patrol and maintenance.

Government will award €20m to Irish airports ‘shortly’ for security, fire, traffic control

Employees globally worked from home on average 2.7 days per week, but Irish respondents worked from home an average of more than 3.5 days per week. Photograph: Getty Images

Employees already doing 3.5 days per week from theri residence even before latest Covid restrictions

O’Connor recalls the ‘eye-watering’ cost of groceries at Aldi’s Irish rivals before it (and its German discounter counterpart Lidl) entered the market. Photograph: Ulrich Baumgarten via Getty

Discount supermarket far more profitable in Ireland than Britain in 2020

Niall O’Connor, Group Managing Director at Aldi Ireland. Photograph: Alan Betson

Supermarket chain reveals its Irish sales and profits for the first time

Boosters were and are badly needed here, and we should not be guilt-tripped by anybody out of deploying them. Photograph: Atef Safadi/ EPA

Caveat: Don’t buy the narrative that says people’s ‘behaviour’ has brought disaster upon hospitals and, now, businesses

Kylemore Abbey: Commercial revenues from the abbey, gardens, shop and restaurant plunged from €7.4 million to €1.6 million.

Connemara estate’s sales fall three-quarters in 2020 due to Covid as building plan stalls

Ireland has already passed legislation ratcheting up the carbon price/tax here to €100 per tonne ($114) by 2030. Photograph: iStock

Report on IMF proposal says emissions cuts would be less than 2% if only rich countries took part

Traders work on the floor of the New York Stock Exchange on Monday. The Nasdaq fell the most among its peers, coming off early gains as heavyweight technology stocks retreated. Photograph: Spencer Platt/Getty Images

Iseq falls 0.6 per cent as its big hitters fail to fire

Neil Naughton: “I hated doing business over Zoom. It’s not the meetings that I truly get. It’s the going out for dinner that night, the chat. It’s being in the market, walking around the stores talking to the managers: what’s selling, why?” Photograph: Daniella Carranza

Interview: Glen Dimplex president puts on green jersey in US to sell college football series in Ireland

Monaco, where businessman Michael Smurfit and his son, the Smurfit Kappa chief executive Tony Smurfit, are both residents

Attitude towards international tax domicile may changes with future governments

Dublin-based Shaw Academy provides online courses globally. Photograph: iStock

Company says it will rebrand after €3.2m examinership deal

Technology and communications stocks  were stronger in New York on Thursday. Photograph:  Angela Weiss/AFP via Getty

Iseq ends session flat as tech stocks help indices rise in the US

Developer Johnny Ronan: Foreign citizens domiciled in Malta but not ordinarily resident there do not pay any tax on their income from outside the island. Photograph: Bryan O’Brien

Developer now registered at flat close to Valetta

A man fixing a mannequin in Zara, Dublin. Zara, with nine large outlets, is by far the largest individual component of Inditex’s business in Ireland. Photograph: Tom Honan/The Irish Times

Move will reduce the breakdown of financial information for its five Irish chains

 Pat McCann, at Alkimii office in Skerries, Co Dublin.  ‘I’m going to keep going as long as I physically and mentally can.” Photograph: Dara Mac Dónaill

Former Dalata chief executive Pat McCann on the seven roles he has lined up for ‘retirement’

  Amazon founder Jeff Bezos is displayed on screens speaking  during the Cop26 conference: the billionaire stepped off his private jet to give a speech  in Glasgow on the need to cut carbon emissions. Photograph: Erin Schaff/ Pool/AFP/Getty Images

Whether it is Denis O’Brien or Jeff Bezos, we must parse billionaires’ statements to assess their credibility

The Irish economy is probably the most globally enmeshed in the western world and access to air connectivity is its lifeblood.

Caveat: Aviation a vital sector but it will be upturned by environmental reality

Volkswagen, dropped 4.5% after cutting its outlook for deliveries and reporting lower-than-expected quarterly profit due to the global chip crunch. Photograph:  Ronny Hartmann/AFP

ECB also reiterates that it believes inflation spike is temporary

About 95 per cent of the LPT payments so far have been made online, Revenue says. Photograph: iStock

Returns for 2022 have been paid on about 30% of properties so far as Revenue seeks updated valuations

C&C told its British customer base earlier this month that it was raising prices. Photograph: Bryan O’Brien

Drinks group bounces back to profitability as hospitality sector reopens

Documents filed at the CRO  show Colm Lyon’s  Burren Tech Holdings, injected the €2.5 million last month. Photograph: Eric Luke/The Irish Times

Tech entrepreneur tops up his investment by €8.5m in three years

The AA’s breakdown service was used less frequently last year as there were fewer cars on the roads. Photograph: Cyril Byrne

Group was bought last year by fund linked to Nicholas Sarkozy’s half brother

As part of the rescue deal, Carr Golf says Genesis will put up €1 million for further improvements to the course. Photograph: iStock

Investors led by Carr will put up €1 million for improvements as members cede control

Johnny Ronan’s Waterfront development in Dublin’s docklands is at the centre of a legal dispute. Photograph: Bryan O’Brien

Johnny Ronan’s development company gets second court order in two weeks against co-investor

Construction cranes by unfinished buildings at China Evergrande Group’s Health Valley development on the outskirts of Nanjing, China, on Friday. Photograph: Qilai Shen/Bloomberg

Unexpected bond payment eases market fears of a default by troubled Chinese developer

Camile founder and CEO Brody Sweeney: ‘They say you should spend 90 per cent of your time running your business and 10 per cent of your time on punts. The US is in that category for us. So is the idea of cloud kitchens.’ Photograph: Tom Honan

Entrepreneur not afraid to take business ‘punts’ but also still holds a candle for politics

‘There is a clear economic cost to fighting Covid-19 with restrictions on the economy and society, and heavy borrowings to fund medical care.’ Photograph: iStock

Debate about economic restrictions versus Covid suffering has been shirked in Ireland

Paschal Donohoe confirmed in Budget 2022 that the special rate 9% rate would finish at the end of August next year. Photograph: Nick Bradshaw

Minister confirms rise to 13.5% next autumn as industry says it will ‘keep fighting’

Brian Fox of Regatta Great Outdoors Ireland, at the retailer's Limerick outlet in the Arthurs Quay Shopping Centre. Photograph: Sean Curtin/Fusionshooters.

Outdoors brand also records sharp increase in profits in 12 months to end of January 2021

A Tullow Oil drilling site in Kenya. Photograph: Baz Ratner/Reuters

Iseq in Dublin finishes down 1.1%

Protesters march to the Dublin City Council offices in protest of the proposal to build a  hotel around the Cobblestone pub in Smithfield, Dublin. Photograph: Dara Mac Dónaill

Protesters say new hotels crowd out housing and the arts; officials say they create jobs

 We are no longer entering the lengthening, bright days of May or June. An outdoors summer was always going to be a bit of a Hail Mary in this State. Photograph: Sasko Lazarov/

For nightclubs and music venues, the financial risk of a delay to reopening is most acute

In 2019, CAB Motor Company had sales  of €21.1 million and made a loss of about €450,000. Photograph: iStock

Acquisition of CAB Motor Company brings number of Joe Duffy dealerships to 22

Tesla added 1.8% after data showed the EV maker sold 56,006 China-made vehicles in September, the highest since it started production in Shanghai about two years ago. Photograph:  Adam Bery/AFP

Iseq decline of 0.35% broadly in line with performance of European peers

The Government announced it would maintain the Arts Council’s €130m, but it made no announcements to match this for live events. File photograph: The Irish Times

Budget 2022: Minister signals income guarantee fund for artists on a pilot-scheme basis

The restaurant industry said the planned return to a 13.5% rate on September 1st next year would contribute to demise of many businesses. File photograph: The Irish Times

Tourism industry welcomes spending package of more than €100m

Joe Duffy Motor Group said its web traffic rose by 28 per cent overall in 2020, while digital sales inquiries were up by almost half.

BMW and Mazda dealer records revenues of almost €338 million

Cerberus has set up more than 50  companies in Dublin. Photograph: iStock

US investor uses Ireland as hub for distressed property assets from across Europe

Ian Whyte: ‘People who buy art seem to have more disposable income.’ Photograph: Des Kiely

Control of Whyte’s auction house passes to his family, as the market for art ‘booms’

Dublin, a base for global multinationals, but for how long? Photograph: iStock

There is uncertainty in the air for Ireland’s attractiveness as a place for multinationals

Building materials group CRH did some of the heavy lifting in Dublin, up more than 3%  to €40.79 on a positive read through from its peer Saint Gobain, which gave a positive update to markets

Many of the Iseq’s indigenous multinationals rise in brisk trading

Emuse’s services were previously used in campaigns for Audi, Barbie and also for early series of the ITV production I’m a Celebrity... Get Me Out of Here! Photograph: Bethany Clarke/Getty Images

Dublin media technology company was a darling of the Celtic Tiger but is now bust

Irish Continental Group (ICG), the owner of Irish Ferries, was down 2.3 per cent to close at €4.44

Pillar banks drive Iseq into positive territory but fuel price increases hit travel stocks

Ina Broderick  with sons Barry (left) and Bernard Broderick. Photograph: Aidan Crawley

Deal ends fractious period after failed examinership bid and rows between investors

Minister for Tourism  Catherine Martin during the Fáilte Ireland conference at the Convention Centre Dublin on Tuesday.  Photograph: Gareth Chaney/Collins

Many operators are entering lean months undernourished after a short summer

Toby Raincock, Shard’s chief executive. ‘The Brexit referendum result gave us cause to consider a number of solutions around how best to expand our service offering into the EU. Ireland felt like a natural jurisdictional fit’

Both companies plan to use strategic tie-up as launch pad for European expansion

People walk at Evergrande city plaza, next to its apartment buildings, in Beijing on Wednesday. Ripple effects from the Chinese real estate developer’s troubles continue to be  be felt across markets. Photograph: Roman Pilipey/EPA

Iseq rises 2.2% as the shares of both main banks perform strongly

Aer Lingus director of sales Yvonne Muldoon, Fáilte Ireland CEO Paul Kelly, Minister for Tourism Catherine Martin and Fitzwilliam Hotel general manager Fergal O’Connell at the Fáilte Ireland tourism  conference at the Convention Centre Dublin on Tuesday. Photograph: Chris Bellew/Fennell

Fáilte Ireland event underlines importance of reviving lucrative business tourism sector

Fáilte Ireland on Tuesday hosted the first major business conference in Dublin since the restrictions eased, bringing about 450 delegates from the travel industry to the Convention Centre Dublin to discuss how to rebuild business tourism.

Fáilte Ireland hosts first major event in Dublin since latest easing of restrictions

Primark’s new store in Philadelphia’s Fashion District. Photograph: Jim Sulley/Newscast Creative

Making sustainable clothing will mean either price increases or reduced profits

Aer Lingus lost €563 million last year during the pandemic. Photograph: Colin Keegan

Seriousness of financial difficulties ‘has not been understood’, airline tells staff

Danish homewares retailer opened its 11th Irish stores in Carlow on Thursday, as it announced sales across Ireland and Britain of about €70 million for its financial year to the end of August.

Thursday’s store opening in Carlow will be followed by four more in 2021

The CCPC research suggests that younger retail investors are more likely to engage in investment activity for personal enjoyment. Photograph: iStock

Research shows younger investors increasingly trade online, CCPC says

Minister for Public Expenditure Michael McGrath says he has updated the Cabinet on the State’s spending so far this year, and on spending plans for Budget 2022. Photograph: Alan Betson

Independent Oireachtas unit warns Government must close deficit as economy recovers

Penneys/Primark says  it will in future make clothes that last longer to reduce waste. Photograph: Dara Mac Donaill/The Irish Times

Parent’s share price drops as it says costs may increase but prices won’t

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