Ciarán Hancock

Ciarán Hancock

Ciarán Hancock is The Irish Times Business Editor

A sign for Davos Klosters, which is playing host once again to the World Economic Forum after a two-year hiatus due to the pandemic. Photograph: EPA/GIAN EHRENZELLER
No housing bubble, Davos is back, and rout of Big Tech shares

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

Healthcare giant Merck is planning a major €440 million investment to expand its Cork-based manufacturing facilities, a move seen a vote of confidence in the Irish economy.
Merck expands in Cork, construction inflation, and fixing your mortgage rate

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

Aer Lingus is among the airlines recently to predict a strong summer of bookings due to pent-up demand for holidays after two years of Covid lockdown restrictions. Photograph: Cathal McNaughton / Reuters
SMEs wary on future, air travel rebounds, and stigma of career breaks for women

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

An image of how the Brewhouse 2 building at St James’s Gate could look if plans by Ballymore for its renovation into a modern headquarters for Diageo Ireland are approved by Dublin City Council.
Ballymore and St James’s Gate, €60 a month food waste, and Irish wealth surge

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

A computer-generated image of the Brewhouse 2 building at St James’s Gate, when repurposed as a headquarters office for Diageo Ireland staff.
Ballymore seeks to repurpose Guinness building as new HQ for Diageo

Permission for multimillion-euro project at Brewhouse 2 to be sought from council

According to Daft, the average monthly rent nationally stood at €1,567 in the first quarter of this year, up 11.7% or €160 on the same period in 2021
Rate of rent inflation for sitting tenants roughly half that of new tenants

Report shows annual rent inflation rose to five-year high of 11.7% in first quarter of 2022 as supply of properties slumped to new(...)

Uniphar CEO Ger Rabbette. The company’s strong performance in recent years has been driven by acquisition. Photograph: Dara Mac Dónaill
Uniphar trading in line with expectations and maintains guidance

Healthcare group accounts for over a fifth of the retail pharmacy market in the Republic

The Bewley’s cafe on Grafton Street, which is part of a €300 million property portfolio that Johnny Ronan is seeking to refinance with new backers. Photograph: Alan Betson / The Irish Times
Ronan’s €300m refinancing, Covid vaccines and IP, and a rise in bank loans

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

JP Morgan Chase chief executive Jamie Dimon, left, on a visit last weekend to Clonakilty, west Cork to meet employees from Global Shares, which it is set to acquire. He was welcomed by Taoiseach Micheál Martin. Photograph: Daragh McSweeney/Provision
JP Morgan’s Irish plans, Rathgar apartments, and Bunq’s current accounts

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

Institutional investors have shunned Dublin 2 for investments recently, as online shopping impacts on retail stores in Grafton Street and other parts of the city centre.
HRT shortages, hotels bounce back, and how to fund an early retirement

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

Gallagher Shatter’s longest-serving partner Aidan Reynolds has joined Keith Walsh Solicitors
Law firm Gallagher Shatter dissolved as partners go their separate ways

Former minister for justice Alan Shatter was partner in company and is now retired

Pat Rigney, founder of the Shed Distillery in Co Leitrim, outside its €3.5 million visitor centre in Drumshanbo. Photograph: Brian Farrell
Drumshanbo gin maker increases sales by 30%

Shed Distillery in Co Leitrim made profit of €2.8m last year and plans to expand capacity

Michael O’Flynn: ‘Without a functioning property industry you will not have a functioning economy and the sooner people realise that the better.’ Photograph: Dara Mac Dónaill / The Irish Times
Developer Michael O’Flynn: ‘We have not accepted that there’s a housing crisis’

Lack of zoned land at the heart of housing crisis and that’s down to poor planning

AIB chief executive Colin Hunt. Photograph: Nick Bradshaw
AIB in exclusive talks to buy Ulster Bank’s tracker mortgage portfolio

Group seeks to acquire €6bn of performing tracker and linked loans

Want to save money on your streaming services? There are deals and discounts to be had if you’re prepared to switch around, writes Ciara O’Brien in this week’s technology feature. Photograph: iStock
Airlines and masks, HRT supplies, and save money on your streaming services

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

Elon Musk’s €42 billion offer for Twitter has been accepted by the social media giant. Photograph: Hannibal Hanschke/Pool Photo via AP
Tweet deal for Musk, Web Summit rows, and the fate of your crypto when you die

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

Ciarán Hancock, business editor at The Irish Times presents the Distinguished Leader in Business Award to Pat McCann, former chief executive of Dalata hotel group at the The Irish Times Business Awards 2021. Photograph: Conor McCabe.
Pat McCann named distinguished leader in business at Irish Times awards

Former Dalata Hotel Group CEO led company on to Dublin and London stock markets

Ciarán Hancock, The Irish Times Business editor and Oliver Wall, chief of staff and head of corporate affairs at Bank of Ireland, present the award for The Irish Times Business Person of the Year 2021 to Anne Heraty, co-founder and former chief executive of CPL Resources. Photograph: Conor McCabe.
Anne Heraty wins Irish Times Business Person of the Year

Entrepreneur sold CPL Resources to Japanese group Outsourcing for €318m

Tom O’Connor, chief executive officer of Version 1. Photograph: Dara Mac Dónaill
Stake in Version 1 sold to Swiss private equity group to give it €800m value

Business has trebled in size since founders were bought out in 2017

Vinyl records sales are driving revenue at Irish retailer Golden Discs, accounting for between 40 and 50 per cent of its income, its chief executive Stephen Fitzgerald has said. Photograph: Dave Meehan/The Irish Times
Vinyl records drive revenue at Golden Discs

Company looking to add two new shops this year

Ken Fennell of Deloitte who has agreed to join UK advisory firm Interpath, which is planning to became a major player in the Irish market. Photograph Nick Bradshaw for The Irish Times
Interpath’s Irish plan, ‘baffling’ company registrations in NI, and tax relief for renters

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

Manchester City’s Phil Foden: In November, his employer signed up to an odd marketing partnership, with 3Key, a crypto company. Photograph: Catherine Ivill/Getty Images
Credit unions €90m pension hole, new ideas on housing, and tax plan in doubt

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

The price of farm land is set to rise by 6 per cent this year, according to a new report. Photograph: iStock
Amundi’s warning on recession, rent rises, and farm land prices

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

A computer generated image of Quintain Ireland’s €250 million residential development in Cherrywood, south Dublin.
Executive bonuses and ESG, slow cancer drug approvals, and KPMG’s acquisition

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

Irish golfer Shane Lowry at Augusta National course in the US wearing kit featuring his new sponsor Wayflyer
Wayflyer signs multimillion euro sponsorship deal with Shane Lowry

The Irish golfer will act as a global brand ambassador at the Masters

Ryanair chief executive Michael O’Leary. The outlook for the airline is positive in spite of large losses recorded last year. Photograph: Jonathan Brady/PA Wire
Kingspan and Kerry in Russia, Ryanair’s outlook, and Irish whiskey for €94,000

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

EY managing partner Frank O’Keeffe. Photograph: Dara Mac Donaill
EY acquires Irish technology consulting business

Deal is subject to merger clearance by competition watchdog

British government plans to prevent ferry companies operating out of UK ports paying below the country’s minimum wage could have implications for Irish Ferries. Photograph: Niall Carson/PA Wire
Irish Ferries and UK pay, mortgage approvals, and new insurance rules

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

Ryaniar chief executive Michael O’Leary has sees a switch to greener aviation fuels as enabling the airline to meet its climate change targets. Photograph: Jonathan Brady/PA Wire
Jay Bourke’s debts, Ryanair and green fuel, and health insurance options

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

Developer Johnny Ronan is looking to refinance €142 million of loans attached to 12 properties, after receivers were appointed last week over the assets. Photograph: Bryan O’Brien / THE IRISH TIMES
Putin and Irish aircraft lessors, Ronan’s refinancing, and buying travel insurance

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

Apple CEO Tim Cook announces a new lineup of products during a special event in California. Photograph: Brooks Kraft/Apple Inc. via Getty Images
Apartment building costs, INM and data breach, and Apple’s new computer

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

Aer Rianta chief executive Ray Hernan in the Duty Free area of Dublin Airport. Photograph: Alan Betson / The Irish Times
Aer Rianta CEO: ‘We have had to take some painful decisions’

After a tough two years, Ray Hernan says company is smaller but well set up for the future

Donald McDonald, managing director of Brown Thomas Arnotts, at the retailer’s new 62,000 sq ft store at Dundrum Town Centre, which has cost €12 million. Photograph: Alan Betson / The Irish Times
Brown Thomas opens in Dundrum, Russian bonds, and DPC defends itself

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

Facebook owner Meta could have to suspend data transfers to the US from Europe following a draft ruling from the data protection commissioner Helen Dixon. Photograph: CHRIS DELMAS/AFP via Getty Images
DPC’s draft Meta ruling, Holiday Inn to shut, and saving money on your mortgage

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

‘We’re not buying carbon offsets off the shelf from some Amazonian forest that we don’t know about. We’re actually generating the carbon credits domestically,’ says Iput chief executive Niall Gaffney. Photograph: Laura Hutton
Iput to invest in forestry to offset carbon emissions from office blocks

Company partnering with A&L Goodbody to create Ireland’s most sustainable building

Dublin City Council currently owns 62 acres of the site, with the golf club holding 10.6 acres. Photograph: Bryan O’Brien
Rezoning could allow for 5,000 homes on Clontarf Golf Club grounds

Developer proposes members move to new course on Haughey’s Abbeville estate

A computer-generated image of what the adjoining premises on Dawson Street owned by the Royal Irish Automobile Club and Tetrarch Capital would have looked like had the redevelopment gone ahead.
Dawson Street redevelopment plan abandoned due to costs

Construction bill for new Royal Irish Automobile Club premises with hotel rose 51%

Can Revolut replace your traditional bank account? Photograph: Thiago Prudencio/SOPA Images/LightRocket via Getty Images
Builders bonds, 50,000 jobs in green hydrogen, and Revolut versus the banks

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

Airlines are concerned that delays in processing new background checks on aviation workers could impact on their operations. Photograph: Colin Keegan / Collins Dublin
Airline delays, IBM’s new jobs, and energy prices to remain high for five years

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

Willie Walsh, the director general of the International Air Transport Association, has warned that air fares will rise as airlines implement measures to hit sustainability targets. Photograph: Nick Bradshaw for The Irish Times
Brokers attack CCPC, 4,500 companies saved in Covid, and air fares to rise

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

Web Summit chief Paddy Cosgrave has hit back at bullying claims made by former business partner Daire Hickey saying there were aimed at damaging him in the tech community. Photograph: Antonio Cotrim / EPA
Irish bond prices move, Web Summit claims, and good riddance to restrictions

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

Howth Castle: Developers propose including picnic and play areas, a falconry and petting farm, and a garden centre.
Tetrarch teams up with Wright hospitality to redevelop Howth Castle

Transformation of castle and site into retail, food and tourist destination to cost €10m

A branch of FBD Insurance in Dublin. The insurer has taken a reputational hit with the SME sector by its reluctance to pay out on some business interruption cover for losses due to pandemic restrictions until ordered to do so by the courts. Photograph: iStock
Manufacturing growth, FBD’s reputational hit, and buying booze online

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

Modmo founder Jack O’Sullivan. The entrepreneur has secured €5 million in backing from Irish property developer Sean Mulryan.
Mulryan and ebikes, Fed’s rate rise, and how to protect your online privacy

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

Housing starts are back at Celtic Tiger levels, according to estate agent Sherry FitzGerald. Photograph: Alan Betson / The Irish Times
Housing starts, a tale of two Brexits, and how Ireland rates on taxing workers

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

Denis O’Brien’s Digicel telecoms group is set for a jury trial in April in the US in a case it has taken against a rival for allegedly defrauding it out of millions of dollars on international calls. Photograph: Ken Cedeno/Digital/Corbis via Getty Images
Digicel’s US court date, Bristol Myers and tax, and get ready for the four-day week

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

Mason Hayes & Curran’s managing partner Declan Black: ‘We were the classic V-shaped recovery.’ Photograph: Eric Luke
Law firm Mason Hayes & Curran posts 23% surge in fee income to €98m

Irish firm worked with AIB, Facebook and LetsGetChecked among others last year

The Bank of England has already increased interest rates in the UK, while the US Federal Reserve has signalled three rate rises for this year. File photograph: Getty
ICS warns that rise in mortgage rates can’t be ruled out

Inflationary pressures cited as reason for possible increase

The existing Penneys store in Dundrum. The Irish retailer has confirmed plans to move to a larger shop in the centre, to open in mid 2023.
Penneys new Dundrum shop, data complaints, and rising consumer prices

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

Penneys in the Dundrum Town Centre. The retailer will relocate to a bigger site in the centre, giving it an additional 64% of retail space.
Penneys to open bigger shop in Dundrum Town Centre

Retailer to spend almost €15m on new store – second and third floors of former House of Fraser

Frank O’Keeffe, EY managing partner. ‘We are investing nearly $1 billion in our assurance business’. Photograph: Dara Mac Dónaill
‘We believe that we can double the size of our business again’

Interview: Frank O’Keeffe, EY managing partner on growth, innovation and auditing

Buymie chief executive Devan Hughes said the company will look at raising additional funding from investors to fund its planned growth. Photograph: Crispin Rodwell
Buymie eyes expansion in 200 locations across Ireland and Britain

Founder says online grocery app turned profitable last year

Consumer advocate Brendan Burgess has told the CCPC that it should force Permanent TSB to stop applying different interest rates for new and existing mortgage customers and imposing higher costs on top-up loans, before clearing the bank’s planned purchase of much of Ulster Bank’s loan book. Photograph: Alan Betson / The Irish Times
Warning on PTSB rates, ESB plant permits, and bringing money in from abroad

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

Ireland’s Ronan Kelleher scores a try against France in last year’s Six Nations rugby championship. RTE is offering ad packages for its coverage of the 2022 tournament. Photograph: ©INPHO/Billy Stickland
IDA and data centres, RTE’s Six Nations ads, and lost motoring taxes

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

Dunnes Stores’s UK entity closed 2020 with net liabilities of £10.4 million. Photograph: Dara Mac Dónaill
UK Dunnes Stores subsidiary sees losses double to £4.5m

Entity hit by the value of certain properties on its books as well as admin expenses

Brendan McDonagh, chief executive of Nama. He says 2021 was another year of ‘strong performance’ for the State agency. Photograph: Alan Betson
Nama expects to report profit for 2021 and deliver €4.25bn surplus to State

Agency says it has funded and facilitated 23,155 new homes over past six years

Eugene McCague retired from Arthur Cox in 2017 having worked with the leading Irish law firm for almost 30 years. Photograph: Dara MacDónaill
Goldman Sachs appoints Eugene McCague as Irish regional adviser

McCague expected to be ‘eyes and ears’ in market here for the global banking giant

Patrick Bewley, a former managing director of Bewley’s, has died at the age of 77. Photograph: Bewley’s
Former Bewley’s managing director Patrick Bewley dies aged 77

Dubliner was the last member of the Bewley family to be involved in the coffee business

Thérapie Medical Group’s new fertility clinic in Carrickmines in Dublin. The health and beauty group has expanded its operations significantly in the past 18 months.
Thérapie eyes healthy rebound in revenues after adding 23 UK clinics to group

Irish cosmetic and fertility treatments group has spent heavily on expansion since late 2020

Ciarán Hancock’s Christmas Business Quiz

Win an overnight stay at the River Lee, dinner at Pickle or a premium Irish Times subscription

The latest accounts for Dubray Books Ltd cover a 17-month period to the end of January 2021.
Dubray Books secured temporary rent concessions worth €244,000

Accounts show Irish retailer made a profit of €927,000 despite Covid-19 lockdowns

A computer generated image of Tetrarch’s proposed residential development on a portion of lands of the Howth Estate.
Tetrarch calls on Fingal councillors to back land rezoning at Howth Estate

Company proposes 195 units for retirees and 50 affordable houses for first-time buyers

Ballymore chairman Sean Mulryan says the plan offers a mix of ‘dynamic and contemporary building designs’. Photograph: Alan Betson
Ballymore submits planning application for phase 2 of its Dublin Arch scheme

The mixed-use scheme beside Connolly Station will include 187 residential units

Conor McGregor has received planning permission to extend his house in Kildare.
Electricity shortages, McGregor’s new house, and air travel restrictions

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

Vertical Aerospace Group has characterised its aircraft as ‘flying taxis’, with plans to build vertiports to allow for takeoff, landing and the recharging of the aircraft in major cities around the world
IDA in talks with Vertical Aerospace on setting up facility to make electric aircraft

Aircraft will carry four passengers and designed to fly distances of about 100 miles

Iarnród Éireann’s chief executive Jim Meade, left, global CEO/chairman of Alstom Henri Poupart-Lafarge, and Anne Graham, chief executive of the National Transport Authority pictured at the Iarnród Éireann’s Inchicore Works to formally sign a contract for new Dart carriages. Photograph: Jason Clarke
Air travel and Covid tests, tobacco price rises, and tax implications of a raffle win

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

‘Bunq is Europe’s leading digital bank and its capabilities will allow Capitalflow to continue to digitise our business model,’ says Capitalflow chief executive Ronan Horgan.
Dutch fintech Bunq looks to sell services in Irish market

Capitalflow owner’s deal may give access to cheaper funds and bring loan book to €1.2bn

A house being retrofitted. Glenveagh chief executive Stephen Garvey believes it could cost up to €70,000 to property retrofit an Irish home. Photograph: iStock
Retrofitting a second-hand home could cost €70,000, says Glenveagh boss

Outlay would bring home up to A-rated standard

The average deposit needed to buy a home is now €52,500 for a first-time buyer, according to a new report. Photograph: iStock
House deposits of €52,500, North-South trade, and reducing your income tax bill

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

The Dublin-based company is organised into two business units: advanced components (antenna, radio frequency and audio), and advanced technologies (end-to-end solutions for smart waste, and deep-tech engineering for customised solutions such as autonomous vehicles).
Taoglas’s income and profits decline but revenues rebound strongly in 2021

Dividend paid by technology company more than doubled to $3.3m

Allianz is one of the country’s biggest general insurers, with more than 700,000 customers
Allianz pauses investments in Irish residential property market

Firm’s Irish insurance arm was concerned about potential reputational risk to its business

Former Ryder Cup captain Paul McGinley has designed an 18-hole championship golf course for the Kinsealy lands. Photograph: Mike Ehrmann/Getty Images
Clontarf Golf Club given offer to relocate to Haughey estate under housing plan

Paul McGinley drafted in as part of property group’s bid to secure club site for housing

David Paterson, CFO of Pennys/Primark at Penneys, Mary Street, Dublin. Photograph: Dara Mac Dónaill
Penneys CFO: ‘I’m still wearing what I got from the shop when I joined in 2017’

David Paterson says retailer can manage to be both sustainable and affordable in future

Penneys store on Mary Street, in Dublin city centre, the location of its first ever shop. Photograph: Dara Mac Dónaill
Penneys to create 700 jobs in €250m Irish investment

Retailer to expand trading space by 20% including large store in the Square in Tallaght

Cork property developer Michael O’Flynn, who has teamed up with JP McManus and John Magnier to seek to develop 860 acres of land in Liffey Valley for housing, a public park and other amenities. Photograph: Brenda Fitzsimons / THE IRISH TIMES
Plans for 5,000 new homes, cybercrime costs €9.6bn, and getting tax back

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

Developer Michael O’Flynn, who has teamed up with billionaire JP McManus and stud farm owner John Magnier to develop the site in west Dublin. Photograph: Brenda Fitzsimons
McManus, Magnier and O’Flynn partner to develop 860-acre site in west Dublin

Plan includes 5,000-plus homes, 265-acre park and other amenities in Liffey Valley

The Beacon Hospital in Sandyford, Co Dublin made a loss of €2 million last year. Photograph: Stephen Collins/Collins Photos
Beacon hospital’s losses, Masding’s new board role, and a once-off wealth tax

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

Latest accounts for Beacon Medical Group Sandyford Ltd show that it made a loss for the year to the end of December 2020 of just under €2 million. Photograph: Stephen Collins/Collins
Beacon Hospital records loss of nearly €2m despite 7% rise in revenue

Turnover at private hospital rose to €152.2m last year, accounts show

Living Canvas, a new public art initiative by Iput Real Estate in partnership with Dublin City Council offering a digital platform for artists to showcase their work. Photograph: Laura Hutton
Property group Iput spends €1m on giant digital screens for art in Dublin

Venture by Irish property developer to support work of 16 local and international

Aer Lingus is eyeing flights to Miami as part of its schedule for next year. Photograph: Tom Honan for The Irish Times.
Aer Lingus and Miami, GoBus goes legal over station fees, and rich getting richer

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

Cinemagoing experienced a strong rebound in October, helped by the delayed release of the latest James Bond movie, No Time to Die, according to data from Revolut. Photograph: Nicola Dove© 2020 DANJAQ, LLC AND MGM.
N26 ponders Irish hub, clothing hire splurge, and aviation’s climate villains

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

Kennedy Wilson’s prospectus shows that the Shelbourne Hotel’s revenue declined by 12 per cent in the first nine months of this year. Photograph: Eric Luke
Kennedy Wilson gets $25m in cash payouts from Irish joint ventures

Filing by US real estate firm also details decline in revenue at Shelbourne Hotel

A window display at Trinity College’s Science Gallery on Pearse Street: Photograph: Nick Bradshaw
Losses at Science Gallery more than double to top €568,000

Trinity facility, which last week told staff it would close over losses, sees income dip 22%

Virgin Media Ireland chief executive Tony Hanway: “This year we will probably add 12,000 homes to the network. For us, new housing development is good news.” Photograph: Dara Mac Donaill
Virgin announces €200m upgrade and 500 new jobs

Liberty Global Irish arm to invest in full fibre and fastest broadband speeds

Staff at Trinity’s Science Gallery preparing for the current exhibition which opened in October.
Trinity College to continue talks with State on funding to keep Science Gallery open

Staff at facility told that it would close due to mounting losses

Representatives from Trinity College and Government officials met on Tuesday to see if a proposal can be worked out that could save the Science Gallery on Pearse Street from closing. Photograph Nick Bradshaw
Trinity and Government officials meet over Science Gallery

University board decides tomorrow on whether to press ahead with closure

Angeline Ball as Emer Berry and Wouter Hendrickx as Christian De Jong in Hidden Assets. Shooting for the drama was delayed by the pandemic. Photograph: Guillaume Van Laethem/Saffron Pictures/RTÉ/AcornTV
Ryanair’s 165m traffic target, EY’s revenues, and Covid delays RTÉ drama

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

BIAS is the latest free exhibition at Science Gallery at TCD. The university has announced that the Science Gallery will close next year. Photograph: Nick Bradshaw
Hope for Science Gallery’s future as Government intervenes

Simon Harris contacts Trinity provost over closure plan

For business customers, products and services remain available but for existing customers only. Photograph: Nick Bradshaw
Ulster Bank tells customers to get ready to close accounts

Bank will contact personal customers early next year to give them six months’ notice

A woman using her phone under a logo of Facebook. Photograph: Niall Carson/PA Wire
New travel agent rules, Science Gallery to close, and Facebook’s name change

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

Biomedical student Jessica Okpeaye and Jennifer MacNeill at the Science Gallery. Photograph: Nick Bradshaw
Trinity College to close Science Gallery on Dublin campus

Staff informed of decision Thursday with gallery expected to close for good in February

Relm Finance has launched its fourth fund of about €300 million for commercial real estate and residential investment. It is led by Armand Lako, left, and chief executive Paul Dowling. Photograph: Shane O’Neill
Relm Finance prepares to launch its fourth fund

More than €300 million potentially available to be drawn down

Telstra has agreed to acquire Digicel Pacific for $1.6 billion.
Denis O’Brien hails sale of ‘cracking’ Pacific business to Telstra

O’Brien will sit on board controlling network after $1.6bn Australian government backed deal

The Doyle Collection chain comprises eight high-end properties in Ireland, Britain and Washington DC, including the five-star Westbury, just off Grafton Street in Dublin (pictured). Photograph: Gareth Chaney/Collins
‘Clear uptick’ in bookings from American tourists, Doyle hotel chief says

Group posts pretax loss of €90m in 2020 compared with €8.4m profit in 2019

Eason’s flagship store on O’Connell Street. The retailer has yet to find a buyer for the property. Photograph: Dara Mac Dónaill
Eason increases profits despite drop in revenues due to Covid restrictions

Online sales and Dubray books division helped retailer through six-month closure

The Central Mental Hospital site at Dundrum in Dublin. Charging for parking spaces would be aimed at discouraging car usage. Photograph: Dara Mac Dónaill
LDA could charge for parking spaces at Dundrum affordable housing scheme

Housing development at Central Mental Hospital site in south Dublin being led by Land Development Agency

Paschal Donohoe: ‘I believe that as far into the future as I can politically see we will be consumed with implementing this agreement’. Photograph: Julien Behal
Ciarán Hancock: Donohoe reveals intensity of OECD and budget talks

‘It became evident to me that the conclusion would happen sooner than I originally thought’

An Eir retail outlet in Dublin. The company was the worst performer among a group of 151 companies rated for their customer service during the past year. Photograph: Nick Bradshaw for The Irish Times
Eir’s poor service, Dilosk’s mortgage lending, and valuing your house for LPT

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

A shopper in Penneys on Mary Street, Dublin. Photograph: Dara Mac Dónaill/The Irish Times
‘Viable future for bricks and mortar’, says Penneys CFO David Paterson

City centre stores ‘haven’t recovered at the same pace’ from pandemic constraints

Minister for Finance Paschal Donohoe and Michael McGrath, Minister for Public Expenditure and Reform outside Government Buildings prior to the announcement of Budget 2021. Photograph: Crispin Rodwell for the Irish Times
Joe Duffy Motors’ sales, tips to save on your energy bills, and Budget 2022 is here

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

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