Dalata

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UK Brexit secretary Dominic Raab drew howls of derision for his admission that he “hadn’t quite understood” the importance of the Dover-Calais crossing to British trade. Photograph: Getty Images

UK Brexit secretary Dominic Raab dropped a clanger that would make even Boris Johnson squirm this week, drawing howls of derision for his admission th(...)

Paddy Cosgrave speaking to media about the Web Summit at its headquarters in Dartry, Dublin. Photograph: Dara Mac Dónaill / The Irish Times

Dalata, the largest hotel group in the State, has agreed a deal to raise up to €700 million in debt funding from an consortium of six banks, which wil(...)

The Clayton Hotel Burlington, in Dublin, which is owned by Dalata. Photograph: Cyril Byrne

Dalata, the largest hotel group in the State, has agreed a deal to raise up to €700 million in debt funding from an consortium of six banks. The deal(...)

Traders on the floor of the New York Stock Exchange. US stocks fell on Monday due to Saudi tensions and worries over borrowing costs and tariffs. Photograph: Michael Nagle/Bloomberg

European shares hit their lowest level since December 2016 in early trading as trade wars, rising US yields, Brexit and the Italy/EU budget row contin(...)

US stock indexes dived about 1% on Wednesday. Photograph: Michael Nagle/Bloomberg

On Wednesday European shares had their worst day since June as concerns around rising debt yields gripped equity markets worldwide, while tech stocks (...)

Marmite maker Unilever drops  plans to centralise its HQ in Rotterdam. Photograph:   Epa/Andy Rain

Fears that the US may accelerate interest rate hikes sent European shares falling to their biggest weekly loss on Friday. Investors believe the world’(...)

Burberry fell 5.6%  along with shares in European luxury goods companies as concerns persisted over a slowdown in China. Photograph: Taylor Weidman/Bloomberg

European shares suffered their biggest fall in a month on Thursday as global stock markets came under pressure from surging bond yields. The pan-Europ(...)

The Iseq overall index underperformed its European peers on Monday, falling 1.3 per cent. Photograph: Dara Mac Dónaill

The Iseq overall index was one of Europe’s worst performers on Monday after banks and Ryanair took a hit. News surrounding An Post’s entry into the mo(...)

Sterling plunged more than 1 per cent against the euro to close at €1.113. Photograph: Phil Noble/Reuters

Investors fled sterling after British premier Theresa May signalled that the UK could depart the European Union without a deal, potentially locking it(...)

The Clayton and Maldron chains are owned by hotel operator Dalata. Occupancy in its Dublin hotels increased from 82.3 per cent to 86.2 per cent in the first six months of this year.

The head of Ireland’s largest hotel group said he expected room revenue in Dublin to continue growing next year in spite of supply increases and indus(...)

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