Michael O’Flynn said that in the aftermath of the financial crash he decided to stay with the construction group given the scale of his commitment to it.

Firms in construction group suing ex-employees Patrick Cox, Liam Foley and Eoghan Kearney

Mark Loftus of the Paddy Box.

Brexit Proof Q&A: Mark Loftus, Paddy Box

Dublin Port chief executive Eamonn O’Reilly had almost €95,000 of spending on his credit card. Photograph: Enda O’Dowd

Controversy over €500,000 spent by managers overshadows strong year for company

Ryanair’s Michael O Leary said the UK government’s rescue of Flybe was a badly thought out bailout. Photograph: Collins

Ryanair boss said legal action could be brought over rescue of ‘chronically loss-making airline’

According to NHS figures, 430,000 people in the UK now have a serious betting problem. Photograph: iStock

Five bookmakers using ‘shameful’ tactics, NHS mental health director says

Odyssey VC has devised software to help companies migrate crucial regulatory data to the cloud. Photograph: iStock

Odyssey VC specialises in services for companies operating in highly regulated sectors

Pictured at the opening of nominations for the EY Entrepreneur of the Year were Jenny Melia of Enterprise Ireland; Roger Wallace, EY Entrepreneur of the Year partner lead; Anne Heraty, chief executive of CPL Resources; and Triona Mullane, winner of the EY emerging entrepreneur of the year. Photograph: Maxwells

This year’s awards will see 24 companies selected to compete across three categories

Pointy co-founders Mark Cummins and Charles Bibby.

Mark Cummins came up with the idea for Pointy while drinking a beer

If appointed to the EBA, Mr Cross will have to resign his position as director of financial regulation, policy and risk, at the Central Bank of Ireland. Photograph: Jason Clarke

Gerry Cross has been nominated to join the European Banking Authority as its executive director

Photograph: Newraypics.com

Seamus Keating succeeds the group’s founder, Brian Conlon, who died last year

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

Troubled explorer said reduction in long term value of oil responsible for write off

Included in the BPFI’s suggestions is a change to insolvency legislation so that a co-debtor could be pursued by a lender if they’re not co-operating. Photograph: iStock

Banking lobby group calls for State to introduce measures to help separated borrowers

JP Morgan kept the Dow in positive territory. Photograph: Johannes Eisele/AFP

Markets close: Iseq flat on Tuesday while Stoxx 600 rose 0.29%

A computer-generated image of the apartments that have been approved for the Stillorgan Leisureplex site.

Some 16 years after planning for apartments was first submitted, the site remains undeveloped

Dunnes Stores retained its position as the Republic’s largest retailer, achieving a market share of 23.6%. Photograph: iStock

Grocery sales over Christmas surpass €1bn for first time, but shoppers spend 5.3% less on beer and 2.2% less on wine

Gambling software company has appointed US executive Karen Flores to CFO role

Diaceutics is a data analytics company which provides services to the pharmaceutical sector. Photograph: iStock

Belfast company has net cash of £11.7m which it will use to expand globally

Photograph: Finbarr O’Rourke

EGM vote required for exploration group’s new employee share option scheme

Actavo is a utilities services business active across a number of sectors.

Action follows launch of legal case by former chief of firm’s industrial solutions division

There were 568 corporate insolvencies last year, down from 767 recorded in 2018 and the 1,684 from 2012

Majority of activity concentrated in Leinster with companies in the 5-20 year old bracket dominating

So that full-time workers on the minimum wage are only charged the 2 per cent rate of USC, Minister for Finance Paschal Donohoe raised the ceiling for that rate to €20,484 from €19,874.   Photograph: Brian Lawless/PA Wire

The maximum benefit of the increase is €15.25 a year or 29c per week

The Central Bank of Ireland. According  the bank’s statistics, the weighted average interest rate on all new mortgages was 11 basis points down since the start of 2019. Photograph: Nick Bradshaw

Central Bank statistics show weighted average interest rates on new mortgages was 2.9% in November

Colbert station in Limerick city where the State is planning a large scale development. Photograph: Liam Burke

€2bn scheme sits on 123 acres near Limerick’s Colbert train station

If approved, Beechlawn’s restaurant would sit beside the Greenhouse on Dublin’s Dawson Street. Photograph: Dara Mac Dónaill/The Irish Times

Company backed by Shane Mitchell plots new restaurant in Dublin

An image of Nuns’ Island in Galway where  NUI Galway owns lands

Plan will cost hundreds of millions of euro, and will include a new library and a sports campus

Photograph: Justin Lane/EPA

Claim that Tehran appears to be standing down sparked relief rally in markets

The changing geographic pattern of exports was a notable feature of 2019, says Bord Bia. Photograph: Peter Murtagh

Bord Bia figures show beef exports down 7% while pigmeat up 14%

While KPMG is beefing up its traditional roles, the firm is also recruiting in the areas of cybersecurity, data analytics and sustainability. Photograph: iStock

Professional services firm hiring 400 experienced staff as well as graduates

Lisney produced its market outlook for 2020 on Tuesday. Photograph: Dara Mac Donaill/The Irish Times

Office space take up likely to be similar to 2019, estate agent says

Last month the NTMA said it planned to raise between €10bn   and €14bn   in bond markets this year. Photograph: Eric Luke

NTMA on course to sell 15-year bond to cover almost a third of minimum full-year target

The CCPC dealt with a series of media mergers during the year including the acquisition of INM by Mediahuis. Photograph: iStock

Higher turnover threshold sees 47 mergers notified to body in 2019, 52% down on 2018

Department of Finance chief economist John McCarthy said the €1.5 billion surplus would be used to boost the cash balances of the National Treasury Management Agency. Photograph: Dave Meehan

Exchequer returns show a record €59 billion collected in taxes last year

Photograph: iStock

Company targeting €14m ‘optimistic’ sales goal next year

Batchelors owner Valeo Foods now has more than €1.16 billion worth of assets.

Valeo recently acquired crisp maker Kettle Foods and Christmas pudding producer Matthew Walker

Glenilen Farm: Yogurt accounts for about 60 per cent of sales while the dessert category has grown to about 25 per cent.

Yogurt maker is stocked by a number of UK retailers

Noel and Valerie Moran walked away with a €266 million payout for Prepaid Financial Service. Photograph: Alan Betson

Green Reit and CRH among winners as Boeing, Denis O’Brien and RTÉ join losers

Retail Ireland said that although Brexit concerns weighed on consumer sentiment recently, this did not translate into a fall in sales.  File photograph: David Sleator/The Irish Times

December spending 3.4% up on same month last year, according to employer group survey

Two-thirds of respondents  believe Brexit will have a “very negative impact” on their businesses. Photograph: iStock

Optimism among Irish businesses fell in the third quarter for the first time since 2012, according to BDO survey

Michael Fingleton at the INBS inquiry in 2018. Photograph: Dara Mac Dónaill

Former INBS chief will no longer be subject to inquiry due to ill health, regulator says

Prof Ruth Maher, inventor of a non invasive home treatment for stress urinary incontinence called Innovo, holding an ultrasound showing the impact of her device on the pelvic floor. Photograph: Alan Betson/The Irish Times

Prof Ruth Maher left for the US in her 30s, earned a degree and set about helping women with stress urinary incontinence

Indecon noted that the absence of a physical branch network in rural areas is not the key factor determining access to credit.  Photograph: iStock

Consultants Indecon identify market gaps for those at risk of financial exclusion

Photograph: iStock

Case arose after girl was scalded when coffee tipped over on Austrian airline flight

John Moloney at a Greencore meeting last year. Photograph: Dara Mac Dónaill/The Irish Times

DCC chairman will retire from board at next agm in January

The S&P 500 and Nasdaq extended a record rally on Wednesday, even as FedEx limited gains after cutting its annual profit forecast for the second time this year. Photograph: Justin Lane/EPA

Iseq outperforms peers, rising 0.22 per cent

Under the changes, all chef grades are eligible for an employment permit. Photograph: iStock

Minister moves to address significant skills shortages in key sectors

Zeus owner Brian O’Sullivan with the coffee cup recycling boxes. Photograph: Maxwells

Amid Irish Rail coffe cup controversy, Zeus says its recycling boxes for cups are to be installed in 80 O’Briens and Bagel Factory(...)

Troy Studios based in Castletroy, Co Limerick.

‘Major’ production for Apple TV+ currently being filmed at Troy

If consumers do use their appliance, they should only use cold water cycles of 20 degrees Celsius or lower to reduce the risk, Whirlpool said. Photograph: iStock

Full list of models released, manufactured between October 2014 and February 2018

Tom Gibbons (left) with Leo Casey of BGF (centre) and Pat McEvoy. Photograph: Colm Mahady/Fennells

State-backed investor BGF has acquired minority stake in TEAM Accessories

The increase in the value of exports was primarily driven by the sale of medical and pharmaceutical products and organic chemicals. Photograph: Alan Betson

Increase in value of exports driven by sale of medical and pharmaceutical products

An artist’s impression of the Dublin Landings development on North Wall quay.

Property by Ballymore and Oxley expected to be complete within ‘coming weeks’

Property prices  are rising at a rate of 0.9 per cent a year, the slowest rate of increase since December 2007. Photograph: Chris Ratcliffe/Bloomberg

Business week: also in the news was Tullow’s share price collapse and fossil fuels

A table setting for Christmas dinner at the Park Hotel in Kenmare.

Lego rooms, movies, falconry and long walks some of the activities on offer during hotel stay

Pamela Laird during a task on BBC’s the Apprentice programme. The Irish businesswoman is seeking an investor to help grow her beauty business. Photograph: BBC/Boundless

Beauty entrepreneur looking for investor as she targets €3m sales for growing business

The State’s economy grew 1.7 per cent in the third quarter of this year, helped by activity in the financial and insurance sectors. Photograph: iStock

Strong growth in financial services but agriculture, hauliers and tourism are weaker

The Iseq index, which surged as much as 3.6%  to a 12-year high of 7,329.18, ended the session 1.6%  ahead. Photograph: Dara Mac Dónaill

State’s two main banks add up to €1.3bn to their market during trading

The ESRI said that eight fossil fuel subsidies accounted for €2.44bn in lost Government revenue in 2014. Photograph: John Giles/PA

Government move would have ‘negligible’ effect on disposable household income – ESRI

Taoiseach Leo Varadkar, Danish prime minister Mette Frederiksen and  Swedish prime minister Stefan Löfven. The three countries have announced they will be working much more closely in the future on climate change

Subsidies cost exchequer €2.44bn in 2014 and removal would have ‘sizeable impact’

The latest CEO  figures indicate that property prices are almost 17%  off their national peak in 2007

Dublin house prices fell 1.5% in year to October, with Dún Laoghaire-Rathdown down 7.1%

Padraig McEneaney, founder of Celtic Pure. The water company was at the centre of an arsenic scare this year.

Monaghan company to be wound up after arsenic scare earlier this year

The ICCL provides a level of protection for retail clients of Irish-regulated investment firms. Photograph: Alan Betson

No claims were certified in the past financial year as ICCL awaits legal action

UK traffic was 2 per cent lower in the month with almost 833,000 passengers travelling to and from UK destinations.

Drop of 1% in November attributed to airlines reducing capacity and withdrawing services

Photograph: Nick Bradshaw

Shares in the State’s largest landlord fell 5.5% in early trading

Between 2009 and 2018 an average of just  10,500 homes were completed per year

Housing market lagged demand significantly for past eight years, analysis shows

Ryanair chief executive Michael O’Leary pictured at the Four Courts last week during a High Court action against former Ryanair chief operations officer Peter Bellew. Photograph: Collins

Mr Justice Senan Allen lifts restriction on publication of profit target following legal submissions from The Irish Times and INM

Minister for Finance Paschal Donohoe: set out targets to run budget surpluses and reduce the State’s debt in the coming years. Photograph: Sam Boal/RollingNews.ie

Chartered Accountants Ireland revokes Sean FitzPatrick’s membership

Supermac’s Holdings directly employed 1,720 staff in the year to whom it paid €34.6 million.

New openings helped the group increase sales to €172m last year

A rig at Providence’s Barryroe prospect. Photograph: Finbarr O’Rourke

Decades drilling off Irish coast and millions spent but not a drop of oil extracted

An artists impression of the development at Dundrum Town Centre.

Permission has been granted for 107 new build-to-rent apartments

Photograph: iStock

Housebuilder is ‘working hard’ to increase activity in Ireland

Tony O’Reilly jnr said that, after more than two decades with Providence, “it is time for me to pursue new opportunities”. Photograph: Dara Mac Dónaill

Beleaguered oil and gas explorer had been trying to get new partner for key prospect

Over 150 categories of employee, many of them working in the services and health sectors, automatically receive the deduction to reflect costs incurred to do their job. Photograph: Nick Bradshaw

Scheme around expenses covering cost of equipment was due to change in January

The number of long-term claimants on the Live Register in November was 68,002, 12,555 fewer than a year earlier. Photograph: iStock

More than 19,000 have left the register in the past year

Figures from the OECD show that in the Republic, environmentally-related taxes accounted for 7.4 per cent of total revenue. Photograph: iStock

Percentage of environmental taxes out of total has been falling

UPS is understood to have originally offered a 2%  pay  increase, prompting workers to ballot and subsequently serve notice of industrial action. Photograph: iStock

Package delivery company said to have made an improved pay offer

UPS confirmed that a WRC meeting is scheduled for Wednesday.  Photograph: iStock

Union seeking 6% pay rise from parcel delivery group for drivers and warehouse staff

The AIB Services Purchasing Managers Index  rose to 53.7 last month from October’s more than seven-year low of 50.6. Photograph: iStock

Sector almost fell into contraction the previous month

US secretary of commerce Wilbur Ross said that planned tariffs on Chinese imports will be imposed on December 15th unless there is some real reason to postpone, such as substantive progress in talks. Photograph: Justin Lane/EPA

Markets report: Iseq slipped 0.84 per cent in line with broader slump

Seamus McEnaney, meanwhile, had to pay €171,365 after a revenue investigation which found an under declaration of income tax, PAYE, PRSI and USC. Photograph: Nick Bradshaw

Revenue settled almost €8m worth of cases in three months to September

Sean Fitzpatrick, former chairman of Anglo Irish Bank.

Size of fine is putting former bank chairman ‘to the pin of his collar’, his solicitor says

Silver Hill Farm chief executive Micheál Briody, left; Andrew Tjioe, founder Duckland; Heather Humphreys, Minister for Business; Ciaran Gallagher, Bord Bia manager for southeast Asia; and Irish Ambassador to Singapore Pat Bourne at the launch of    Duckland restaurant in Singapore earlier this year.

Co Monaghan firm plotting move to increase capacity to produce 120,000 ducks per week

Devenish chief executive Richard Kennedy.

Friday interview: Richard Kennedy, chief executive of Devenish

According to a HSE report from 2018 there are still 864,000 smokers in the Republic.

Japan Tobacco International Ireland paid a €150m dividend to parent company during the year

Providence chief executive Tony O’Reilly said the company was “sad” to see Total effectively withdraw from the Irish exploration sector.  Photograph: Finbarr O’Rourke

Exit of French oil major Total leaves Providence searching for new partner

The Neart na Gaoithe development  has a capacity of about 450 megawatts, allowing it to power 375,000 homes when it is commissioned in 2023.  Photograph: iStock

French utility EDF is building the farm which could power up to 375,000 homes

Donegal Investment Group controls the Nomadic brand of yogurts. Photograph: iStock

Agribusiness sold its animal feed business earlier this year

Mariavilla development in Maynooth comprises apartments, duplexes and houses. Photograph: Chris Ratcliffe/Bloomberg

Housebuilder has also acquired additional land in Dublin for €21.5m

City Bin was founded in 1997 and now serves more than 80,000 residential and commercial customers. Photograph: Dara Mac Dónaill

Waste disposal company saw profits fall as revenues rose almost 24% to €26m

Stocks rallied on Wednesday as investors remained optimistic about a resolution to the prolonged US-China trade war. Photograph: Spencer Platt/Getty

The Iseq all-share index rose 0.39% on Wednesday

As it stands, no VAT is charged by EU member states on airline tickets.  Photograph: Dublin Airport

Ryanair warns further taxation of the sector would be very damaging for the Republic

Ormonde has involvements in “promising” gold properties in Salamanca province and Zamora province.

Company also warned of delays to further exploration at Spanish facility

As it stands, no VAT is charged by EU member states on airline tickets. Photograph: iStock

European Union taxes may add 30% to air fares, suggests Economist Colm McCarthy

Photograph: iStock

Some €1.9bn was spent online using credit and debit cards in the year to September

Richard Kennedy of Devenish, the 2019 EY Entrepreneur of the Year. Photograph: Maxwells

Agri-tech company employs 500 staff and posted £250m in turnover last year

Pat McDonagh is EY Industry Entrepreneur of the Year. Photograph: Maxwell

Well-known businessman wins at EY Entrepreneur of the Year awards

Triona Mullane of Madme Technologies and winner in the emerging category at the EY Entrepreneur of the Year awards. Photograph: Maxwells

Madme Technologies boss scoops award at EY Entrepreneur of the Year awards

Google Europe International Technology Unlimited paid corporation tax of $255 million, an effective rate which is slightly higher than the statutory rate of 12.5 per cent in the Republic.

Unit paid $255m tax on revenue from intellectual property royalty income

Origin Enterprises chief executive Tom O’Mahony. Photograph: Eric Luke/The Irish Times

Agri-services group said revenues slumped 14 per cent in the company’s first quarter

Mark Ganly, chief executive of N-Pro, with Dr Sandra Ganly, N-Pro’s chief technology officer. Photograph: Chris Bellew/Fennell Photography

N-Pro has raised funds from backers including British advertising agency M&C Saatchi

Under a regulation which was signed into law in 2012, credit unions are required to pay the levy to build up the stabilisation fund so that, in times of need, the sector will be protected.

With rising asset values, Minister for Finance decreased levy to be paid this year

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