Bank of Ireland’s new CEO, executive pay at Aryzta, and Greencore’s falling share price

Business today: the best news, analysis and comment from ‘The Irish Times’ business desk

Overall, Irish households cut their property debt by one fifth between 2008 and 2014, with older borrowers managing to do so much faster than younger ones, according to the survey.

Bank of Ireland's new chief executive Francesca McDonagh began her time in charge by sending staff a message and video. One of her first tasks appears to be a review of the bank's multi-million euro investment in technology. Joe Brennan has the details.

Former DAA chief executive Kevin Toland is in line for a substantial pay rise in his new role in charge of food group Aryzta. The company's annual report, published late on Monday evening, shows that he stands to earn more than €2 million a year, while his predecessor, Owen Killian, was paid at least €2.2 million on his departure in March. Barry O'Halloran has the numbers.

Fledgling Irish housebuilder Glenveagh Properties has increased the amount it intends to raise via a stock market listing to €550 million. Joe Brennan reports on its prospectus.

Irish sandwich maker Greencore can't catch a break in the US. Evidence of listeria at a plant in Rhode Island forced it to recall some products from US customers and fed a 7 per cent decline in its share price on Monday. Eoin Burke-Kennedy reports.

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In her weekly media and marketing column, Laura Slattery notes the return of the elimination shows on TV, a format that she feels has largely had its day.

Have a good Tuesday

Ciarán Hancock

Business Editor

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Ciarán Hancock

Ciarán Hancock

Ciarán Hancock is Business Editor of The Irish Times