New Irish boss at Novo Banco, An Post most trusted and the cost of Brexit

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

Hybrid working is a bit like the emperor’s new clothes. It’s been so widely hyped that those who are not 100 per cent in favour have been reluctant to voice dissent.

Former AIB chief financial officer Mark Bourke, who was hired three years ago to take on the same role at Portuguese lender Novo Banco, has been selected to become the Lisbon-based group's next chief executive. Joe Brennan reports.

Business has picked up hugely in the past six weeks in the Irish hotel sector but the impact of housing Ukrainian refugees and cost inflation skews the figures, reports Mark Paul in Agenda.

An Post has taken the top spot in a ranking of the most reputable companies and organisations in Ireland, after the State-owned postal services provider emerged from the Covid-19 crisis with its standing among the public strengthened. Laura Slattery has the details.

John FitzGerald, in his weekly column, argues that Brexit has dealt the British economy a serious blow.

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Multinational data analyst Legato plans to hire 80 more workers at its Irish research and development base, bringing total jobs here to 200. Part of US health insurance giant Anthem, Legato last year opened a research and development facility in Limerick, where it has so far recruited 120 staff. Barry O'Halloran reports.

Almost nothing has gone right for Boohoo and its Irish chief executive John Lyttle, writes Mark Paul in Caveat, since it hit that high watermark. It warned investors this week of sharply slowing growth rates, the fourth time in a year it has issued a similar warning.

Hybrid working is a bit like the emperor's new clothes. It's been so widely hyped that those who are not 100 per cent in favour have been reluctant to voice dissent, writes Olive Keogh in World of Work. Scratch the surface, however, and there is a whole cohort of managers under pressure because their organisations are still on such a massive remote work learning curve that they're trying to run their teams and manage people's expectations without a rule book.

With his new company Admatic, chief executive Stuart Fogarty is seeking to disrupt the traditional advertising market in Ireland. It allows clients to buy advertising directly online with the big media companies, cutting out the middleman. Fogarty explains the concept to Ciarán Hancock on our Inside Business podcast and the traction it has gained in its first five months.

He also sounds a warning on the Irish economy, based on the spending levels he’s seeing coming through at Admatic, and they look back at Fogarty’s own storied career in advertising, which involved running two of the biggest ad businesses in Ireland and a brush with the law more than a decade ago.

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Conn Ó Midheach

Conn Ó Midheach

Conn O Midheach is Assistant Business Editor - Digital of The Irish Times