Business

Bank of Ireland’s interim CEO, Digicel’s bonds, and tax breaks for landlords

Business Today: the best news, analysis and comment from The Irish Times business desk

Bank of Ireland executive Gavin Kelly is expected to be chosen as interim chief executive to replace Francesca McDonagh when she leaves in September for a role with Credit Suisse. Photograph: Dara Mac Dónaill / The Irish Times

Ciarán Hancock's face
Ciarán Hancock
Tue Jun 21 2022 - 06:29

Bank of Ireland is widely expected to pick Gavin Kelly, chief executive of its Irish retail banking unit, as its interim group chief executive for when Francesca McDonagh exits in September after five years at the helm. It is also set to put a strategy refresh on hold. Joe Brennan has the details.

Ireland still lags other European states in its use of money-saving generic prescription medicines despite recent improvements. Dominic Coyle reports.

Businessman Denis O’Brien’s Digicel has seen a slide recently in the market value of $925 million (€880 million) of its bonds that fall due in almost eight months’ time, amid mounting concerns about the telecom group’s ability to refinance the debt. Joe Brennan has the details.

Venture capital fund BGF has invested £10 million (€11.7 million) into Lisburn-based window blind company Mzuri Group to support its growth plans. Ciara O’Brien has the details

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In our personal finance feature, Fiona Reddan details seven options the Government might consider to ease the tax burden on smaller landlords in the market.

Who listens to podcasts? A lot of Irish people as it turns out. Bernice Harrison goes through the numbers in our media and marketing column.

EY’s Irish partners stand to benefit from a financial windfall if the global split of the Big Four firm’s audit and consulting businesses goes ahead, writes Cantillon.

In Q&A, a single man in his late fifties wants to use equity in his home to make his retirement more comfortable. Dominic Coyle has some suggestions.

In Me & My Money, Johan Reveillard, chief technology officer and co-founder of Money Jar, reveals how he allocates 15 per cent of his monthly earnings to various savings accounts.

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