“You see situations where the key family member is in their late 60s or 70s and wants to exit the business and the children are well educated and not necessarily interested in working in it”

Selling a business to its existing management team can be an attractive option for a number of reasons. The deal can usually be done quickly and priva(...)

 Minister for Health Simon Harris advised of the report’s finding that “this risk always sat with the funder”. Photograph: Cyril Byrne

The cost overrun on the national children’s hospital would have materialised even if a contractor other than Bam had been selected to build the projec(...)

Bam Construction:  Courtesy of deals with the State, or State-backed firms, schools, courthouses, roads, tunnels, medical facilities and even sewerage schemes have supplemented the firm’s steady flow of work. Photograph: Tom Honan

In its 2011 financial accounts, Bam Contractors noted glumly that it had been another “difficult” year, where pricings for contracts in Ireland stayed(...)

BAM Contractors, the firm building the hospital, submitted a tender price of €432 million in 2017 but this grew to €556 million last year. Photograph: Eric Luke

The prices charged by the main contractors for the new national children’s hospital rose by up to 65 per cent in little over a year, a briefing note f(...)

John Sisk & Son: came first in “Construction Magazine” top 50 Construction Industry Federation  contractors for 2018. Photograph: Cyril Byrne

The Republic’s top construction companies increased their combined turnover by 12 per cent in the last year, despite a slow recovery rate in the resid(...)

John Mark Clancy, originally from Co Meath, has taken the scenic route home every December for the past seven years – along with his wife and children

Driving home for Christmas takes on a different dimension if you live in Moscow, but distance or difficult terrain has never been an obstacle for outd(...)

Intel bought Israeli autonomous vehicle technology firm Mobileye in a deal worth $15.3 billion. Photograph: AFP Photo / Kimihiro Hoshinokimihiro Hoshino/AFP/Getty Images
The key sectors

In what was another very strong year for Irish mergers and acquisition activity, there was little change in the sectoral profile, with healthcare, foo(...)

The buzzwords right now in progressive companies are corporate wellness, executive healing and employee optimisation. Photograph: iStock

The buzzwords right now in progressive companies are corporate wellness, executive healing and employee optimisation. Smiling emojis, thumbs-up tee-sh(...)

Dundrum Shopping Centre: rent hikes may lead to closures. Photograph: Eric Luke

Vulture funds and institutional landlords are introducing rent hikes on retail properties, according to the Sunday Business Post. It reports that two (...)

Sir Anthony O’Reilly: Last shares   in Providence  will  be sold as part of  bankruptcy process. Photograph: Brenda Fitzsimons

Last O’Reilly’s shares to be sold The last shares held by Sir Anthony O’Reilly in Providence Resources, the company he founded, will shortly be sold (...)

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