Photograph: Andy Rain/EPA

Some 90% of refunds for flights cancelled due to coronavirus to be processed by end of July

Zynga, maker of the popular Farmville game, will pay $1.85 billion (€1.64 billion) for Peak Games, an Istanbul-based creator of games such as Toon Blast and Toy Blast. Photograph: iStock

Peak Games, in which venture capital firm has invested, acquired by US-based Zynga

The transport, tourism and leisure sector registered the steepest rate of contraction. Photograph: Alan Betson

Figures show that contraction has slowed to lowest rate since downturn began in March

Dunnes Stores Cornelscourt: The new  system went live on Tuesday and has already ‘been receiving orders’. Photograph: Google Street View

Retailer links up with Flipdish to allow customers to make minimum order of €20

A Covid-19 vaccine developed by Pfizer and German biotech company BioNTech showed promise, said the companies.

Iseq all-share index closes 0.3% up, with best performers coming from the transport sector

Sherry FitzGerald said investors are continuing to withdraw from the market. Photograph: Nick Bradshaw/The Irish Times

Combination of Covid-19 effects damaging stock levels, says Sherry FitzGerald

Photograph: iStock

New car sales have fallen almost 35% so far this year due to Covid-19 crisis

Moneycorp said it would increase employee numbers at its Irish operation from 15 to 25 within the next 12 months

London-based payments group is licensed in Ireland to operate throughout the EU

Amryt Pharma, which focuses on developing treatments to help patients with rare and orphan diseases, expects its listing on New York’s Nasdaq to complete in July. Photograph: iStock

Chief executive Joe Wiley also received more than 6m share options in company

Central Bank of Ireland data details how household deposits recorded a net inflow of more than €1.5 billion in the month of May.

Household deposits recorded net inflow of €1.5 billion in May, Central Bank says

Shoppers spent an extra €628.7m on groceries in the 12 weeks to June 14th than in the same period last year

Data from Kantar shows consumers spent extra €628m on grocery items

The Iseq All-Share index closed marginally lower on Friday as stocks most exposed to the outcome of government formation dragged. Photograph: Dara Mac Dónaill

Iseq all-share index closed down 0.11 per cent with banks and housebuilders dragging

Debenhams staff protested outside a number of Bank of Ireland branches on Friday as part of their campaign to obtain redundancy pay for more than 1,000 workers. Photograph: Gareth Chaney/Collins

Bank is a shareholder and creditor of the retail group

John O’Brien, manager of Doheny & Nesbitts pub, at a perspex wall: Two in five customers are wary about returning with just one metre social distancing, CSO survey finds. Photograph: Gareth Chaney/Collins

CSO survey shows concern among many people about resuming everyday activities

The deal will see the Nasdaq-listed and Copenhagen-based company acquire PrecisionBiotics on a cash and debt-free basis. Photograph: iStock

PrecisionBiotics has been acquired by Danish group Novozymes

Photograph: iStock

Hostel booking company sold shares at 7.1% discount to Wednesday’s closing price

Deliveroo cyclists passing   boarded up premises  on Grafton Street, Dublin, earlier this year. Photograph: Gareth Chaney/Collins

Food delivery company sent letter to Government alongside 57 restaurant partners

Irish stocks with a negative exposure to the pandemic again fell. Photograph: Dara Mac Dónaill

Iseq closed 2.88% lower in line with European peers

For its pessimistic scenario, Hostelworld has factored in a second Covid-19 wave and significant disruption to travel in the first half of next year. Photograph: iStock

Hostel booking company said net revenue will fall by about 80% this year

FBD’s annual general meeting, which was due to take place on May 8th, has been rescheduled for July 31st. File photograph: Nick Bradshaw

Insurer has also scrapped vote on €34.9m dividend to be paid to investors

Photo: Gareth Chaney/Collins

Accountancy body calls on Government to review rescue packages

Just 6 per cent of Irish employees are shareholders in the companies they work for, compared to an EU average of 21.7 per cent. Photograph: iStock

SMEs can survive Covid-19 by letting staff take shares in lieu of salary, says IPSA

From left: Mark Sykes of BGF; Derek Mooney, founder of Action24; Aaron Mooney, chief executive of Action24; and Pat Maloney, a co-founder of Action24. Photograph: Chris Bellew/Fennell Photography

Venture capital firm will take a significant minority stake in Action24

“SSE Airtricity retains a strong market position as Ireland’s largest supplier of 100 per cent green energy,” the company said. Photograph: iStock

The utility company has more than 700,000 customers in Ireland and 24% market share

David Whelan, chief executive, and Sandra Whelan, chief operating officer of VR Education. Photograph: Shane O’Neill/ SON Photographic

Exercise will raise gross proceeds of almost €8,600 for the company

Earlier this month Origin announced the retirement of Tom O’Mahoney after 13 years as chief executive. Photograph: Eric Luke

Company suspends dividend for this year in light of uncertain conditions

Aer Lingus expects its business to shrink by 20 per cent next year, which would suggest about 900 job cuts. Photograph: Frank Grealish/

Q&A: Airline pulled the plug on a deal on Monday. What does this mean?

Cairn Homes fell 2.11 per cent to €6.95 and was one of the few losers on the day. Photograph: Dara Mac Dónaill/The Irish Times.

Markets report: Iseq outperformed peers, closing 0.4% higher

Nobel laureate and economist Joseph Stiglitz.

Nobel laureate says tariff by Apple didn’t confer advantage on Republic

Treasury bills form a small part of the State’s borrowing programme

Previous similar auction from NTMA had a negative yield for investors

Chris Chidley, managing director of Compass Group Ireland. About half of Compass’s business closed overnight when the Covid-19 crisis hit in March.

UK company is working on solutions to deliver food on behalf of multinational clients

The data show that 19 out of 26 companies have either formally withdrawn full-year guidance as a result of the Covid-19 crisis or warned on their outlook. Photograph: Dara Mac Dónaill

Research also shows that 10 big companies have implemented staffing changes

US Federal Reserve chairman Jerome Powell. The Fed’s outlook cast doubt on hopes for a V-shaped recovery. Photograph: Getty Images

Market report: European bourses tumble with Iseq shedding 4.2%

The shopping centre owner has introduced several measures to ensure the safety of its shoppers. File photograph: Matt Kavanagh

Owner Hammerson confirms that Ilac centre and Swords Pavilions to also restart business

Paddy Andrews

Top 1000: Driven, disciplined and organised – it’s no wonder sportspeople and athletes are sought after in the corporate world. Bu(...)

Screen grab from Atlantic Therapeutics new  US TV advertising campaign for its shorts to address bladder weakness.

Atlantic Therapeutics won the 2019 Irish Times Innovation of the year award - applications are now open for the 2020 awards

Photograph: iStock

British fashion retailers fell into administration late on Tuesday

Banks were among the biggest losers, with AIB tumbling 8.94 per cent to €1.14 while Bank of Ireland declined 7.81 per cent to €1.86. Photograph: Peter Muhly/AFP

Markets report: Iseq closed 2.55% lower, with banks among biggest losers

Chief of staff to group CEO at Aviva plc will succeed Tom Browne

Overall unemployment across the OECD has increased by 2.9% in one month. Photograph: iStock

Unprecedented rise was driven by an increase in US jobless figures

Decathlon’s new retail outlet in Ballymun. The sports retailer plans to open nine outlets in the Republic.

The French sports retail giant will open its site in Ballymun to the public this weekend

Decora employs more than 1,000 people at its Lisburn headquarters.

Decora will use the funds to support its growth plans into European markets

Data from property website shows  sale prices rose by an average of 3.7 per cent in May, in contrast to a 5.5 per cent fall in April. Photograph: iStock

Sales prices lower than May 2019 but rental increased in the year, reports

The survey shows that employers reported the weakest confidence since the first quarter of 2010. Photograph: iStock

Survey shows 56% of employers expect hiring to return to pre-Covid levels in 12 months

NTMA chief executive Conor O’Kelly. Photograph: Dara Mac Donaill

Market conditions and investor feedback led to decision to sell long-term facility

Bank of Ireland branches in colleges, hospitals and airports will remain closed for the time being.  Photograph: Aidan Crawley/Bloomberg

Full ATM services set to resume from June 29th

Of the 33 per cent of businesses that have made a business interruption claim, almost two-thirds have had their claim refused by their insurers, results from a survey conducted by the Alliance for Insurance Reform shows.

Alliance for Insurance Reform call on Government to intervene

Photograph: iStock

Mainstay Medical’s flagship product is now eligible for reimbursement from private health funds

Peter Bryans, the founder of Donabate Dexter, with his heard of Dexter cattle. The company doesn’t use chemical fertilisers or pesticides on grass and the cattle receive only mineral and vitamin supplements

Unify Ordering was originally established to improve the system of ordering in the hospitality sector

Devenish chief executive Richard Kennedy predicted that, as a result of the coronavirus pandemic, there will be fewer restaurants with more expensive and more sustainable food.

Irish agri-tech company currently looking to deliver carbon-neutral beef by 2025

The Government has accelerated its plan to reopen the State’s economy, which will see many tourism businesses open from the end of June while retail outlets can open from Monday. Photograph: Brian Lawless/PA Wire

Figures from ISME show that as many as 94,000 jobs could be lost

CRH subsidiary Oldcastle Building Envelope supplies architectural glass for federal projects, and is contracted on a project for the US federal court house in Miami. Photograph: Brenda Fitzsimons

US-subsidiary alleged to have discriminated against female, African American applicants

Pictured (l-r) are Eoin Keary and Rahim Jina from Edgescan with Maedbh O’Driscoll and Leo Casey from BGF. Photograph: Fennell Photography.

Investment is the fourth by state-backed BGF in the Republic

Taoiseach Leo Varadkar announcing plans to accelerate the reopening of the Republic’s economy on Friday. Photograph: Leon Farrell/Photocall Ireland/PA Wire

Jump in US employment numbers helps surge in world equities

The Devlin Hotel in Ranelagh, Dublin 6.

Group understood to be disputing non-payment of business interruption insurance

The live register hit 225,662 in May while the seasonally adjusted live register rose by 8,900 to 226,400 in the month. Photograph: Dara Mac Donaill / The Irish Times

Majority on the register were male while 13.1% were under age of 25

The year’s ceremony is the first to be held online as the formal event, usually held in Monaco, had to be cancelled as a result of lockdown restrictions imposed across the globe. Pictured on screen is Dr Kiran Mazumdar-Shaw.

Dr Kiran Mazumdar-Shaw founded Indian company Biocon in 1978 with just $500

Ryanair underperformed rivals but still closed up  1.62%  on its Dublin listing at €12.84. Photograph: Dara Mac Dónaill

Markets report: Iseq rises 0.24%, with Bank of Ireland among the standout gainers

The number of mortgages approved fell by 41.1 per cent compared to March and was down by 46.5 per cent compared with April 2019. Photograph: iStock

Warning of challenging period ahead for housing market due to economic uncertainty

Richard Kennedy of Devenish. Roger Wallace, partner lead for the EY Entrepreneur of the Year programme in Ireland,  said Mr Devenish was a ‘world class ambassador’ for the Irish entrepreneurial community. Photograph: Maxwells

Richard Kennedy was named EY’s Ireland Entrepreneur of the Year last year

Photograph: Paul Faith/AFP

Airline said it carried just 70,000 passengers in May

Photograph: iStock

SMBC Aviation Capital posted a profit of $364.5 million in year to end of March

Photograph: Nick Bradshaw for the Irish Times

Bulmers owner said no revenue has been generated from the on-trade since March

Some 1,752 new cars were registered in the month, compared to 6,320 in May last year. Photograph:  Christopher Furlong/Getty Images

Car rental market collapses and steep fall in used-car imports, new data from Simi shows

Supervalu saw the highest growth of 32.7 per cent and the smallest growth recorded in Dunnes Stores of 18 per cent. Photograph: iStock

Sales of take-home grocery items rose by more than a quarter, according to Kantar

In the State’s first full month in lockdown, sales of alcohol plummeted and a rise in off-trade sales failed to make up for the decline. Photograph: iStock

Some 24m fewer pints of beer and cider were sold in April, data from Nielsen shows

An artist’s impression of the Chatham House development.

Company is developing six-storey Chatham House near Grafton St

Providence has yet again found itself facing a delay in receiving promised investment from an investor. Photograph: Finbarr O’Rourke

Norwegian backer blames pandemic restrictions for delay in delivery of €224,000

RTÉ had licence fee revenue of €189 million in 2018 and commercial revenue of €150 million.

Broadcaster said fall in licence fee income meant it needed emergency funds

CityJet’s financial difficulties have been exacerbated after its fleet was grounded by the Covid-19 outbreak.

Airline to lay off 276 in its Dublin and London operations as part of restructuring

The Ordee app will cost publicans and restaurateurs €99.99 a month. Photograph: iStock

Ordee app will let patrons see if space is available in pubs and restaurants

A third of respondents to the survey said they face challenges implementing social distancing protocols. Photograph: iStock

Survey results show close to half have cut staff

 Under the  plan to reopen the economy, hotels in the State will be allowed to open from July 20th. Photograph: iStock

Room rates for guests in Dublin hotels down more than 30%

Under the guidelines, carriers and airport operators must ensure that passengers keep a distance of 1.5 metres from each other when feasible. Photograph: Nick Bradshaw

Airline says 14-day quarantines have ‘no scientific basis’

Under the Government’s plans, pubs are supposed to reopen at the fifth phase of the lifting of lockdown restrictions while restaurants are allowed to reopen from the third phase.  Photograph: iStock

Roadmap allows restaurants to reopen more than a month before pubs

Photograph: iStock

Decline would have been worse without Covid welfare payments, institute says

Photograph: Alan Betson/The Irish Times

Telco further cut costs and saw a rise in customer numbers for some products

David Whelan, chief executive of VR Education, and Sandra Whelan, chief operating officer. Photograph: Shane O’Neill/SON Photographic

The Taiwanese company has agreed the deal with VR Education

Social distancing measures in place at a Eurospar outlet in Cobh, Co Cork. Photograph: John Allen

BWG Foods says sales of items such as plants surpassed €1m over past 8 weeks

Dublin’s Iseq all-share index dropped 0.22 per cent on Tuesday although there were some strong gainers on the day. Photograph: Dara Mac Dónaill

Iseq all-share index falls 0.22% but Uniphar rises 12.54% while Ryanair advances 2.84%

DCC chief executive Donal Murphy said the company remains active on the mergers and acquisitions front.

Energy and services firm says revenue fell marginally for financial year to end of March

AIB, Bank of Ireland, Ulster Bank and KBC  accounted for 46 per cent of house possessions  between April and December 2019.

NUIG research shows non-Irish institutions involved in one-third of listed cases

“We’ve lost the critical two months of the year. Paint would be a big part of our business and we’ve lost a big chunk of that.” Photograph: Alan Betson/The Irish Times

Garden centres and hardware stores among those permitted to open from Monday

Treasury bills  offer investors an alternative product to longer-term debt which can take years to mature.  Photograph: Getty Images

Previous two short-term debt auctions have seen investors lend money at negative rate

The crisis has presented doctors with a challenge as to how routine tests for people with CF can be carried out while minimising the risk of exposure to Covid-19. Photograph: iStock

App allows CF patients to avoid hospital check-ups as Covid-19 crisis leaves them vulnerable

Compared to March, overall prices fell 0.4 per cent. Photograph: iStock

The decline compares to a modest rise in prices in March

Businesses are charged a  network-usage charge based on the volume of natural gas they use.  Photograph: iStock

Gas Networks Ireland is foregoing charges for businesses not consuming gas

Former Irish rugby international Sean O’Brien: one of the backers of the Lemon & Duke pub. Photograph: Dan Sheridan/ Inpho

Pub is backed by rugby players such as Jamie Heaslip and Sean O’Brien

Of the 635,000 people who arrived in the State  in March, 95%  of them arrived by air

Traffic from Italy fell by more than 88% in the month

Garden centres and hardware stores are among the businesses permitted to open in phase one. Photograph: iStock

Cost to ensure customer and staff safety will range from €2,000 to €5,000, lobby group says

Between Limerick, Clare and Tipperary, 220,000 people were in employment prior to the onset of the Covid-19 pandemic. Photograph: iStock

Industry leaders partner with education bodies to ensure employees equipped to return to work

Karelian updated shareholders on the effect the Covid-19 pandemic is having on the company.

Karelian Diamond Resources approved to explore in locations near existing operations

Grange Castle Business Park in south Dublin. Photograph: Ben Ryan Photography

Windmill Lane founder and Siege of Jadotville producer amongst backers

Chadwicks Group chief executive Patrick Atkinson: since coronavirus closure, the company has been operating at 15-20 per cent of total turnover.

Irish builders’ merchanting group invests in Covid-19 safety of customers and staff

Ireland’s Iseq all-share index slipped 1.74 per cent after the banks slumped on results from Bank of Ireland which spooked investors.  Photograph: Dara Mac Dónaill

Iseq fell 1.74% as banks take a hammering

M&M Walshe employs about 550 staff across its three sites in Tipperary, Kilkenny and Redditch in the UK. Photograph: iStock

M&M Walshe will join the London private equity firm’s Eight Fifty Food Group

“The findings of our survey indicate that employee preferences to continue working remotely will facilitate the opening up. Photograph: iStock

Despite optimism about return, 83% still want some option of remote working

Prize bonds are a form of State savings products offered by the NTMA and are ultimately part of the Republic’s national debt.

Number of prizes and value of winnings rose last year

More articles