Ryanair is pressing ahead with a lawsuit in the US against online travel giant, Booking.com, for allegedly “screenscraping” and then reselling its fares at a mark-up without the airline’s permission.  Photograph: Adrian Dennis/AFP via Getty Images

Airline is suing travel giant for allegedly reselling its fares at a mark-up without permission

In New York, all of the 11 major S&P sectors advanced, with financials and energy up 3.8 per cent and 2.4 per cent, respectively

Banks helped to lift Iseq in Dublin by 1.3%

Magners coming off the line down in Clonmel

The Irish company has emerged from the pandemic with a desire to keep it simple

 Ciara (12) and Andy Murphy from Drogheda  at the official launch of Center Parcs’ Longford Forest in July 2019. Photograph: Naoise Culhane

Longford holiday village is now trading strongly and finalising plans for €85m expansion

Up to 40 per cent of C&C’s British marketing budget this year will be spent on Magners as the group looks to reinvigorate the brand, the group’s marketing director for Britain said

Drinks group reports 88% bounceback in revenue

Citigroup led a surge in bank shares after Berkshire Hathaway revealed a big stake. Photograph: Jin Lee/Bloomberg

Iseq in Dublin closes the session up 1.3%

Tourists in Dublin: Fraught discussions around the VAT rate have been central to the Irish tourism industry for more than a decade.   Photograph: Alan Betson / The Irish Times

Dragging out debate around restoring the higher rate would be a mistake – either leave it as it is or be decisive about the timeli(...)

Brexit: Revenue said its officials received 29.8 million customs declarations in 2021, compared to barely more than one million the previous year. Photograph: iStock

Tax authority collected €96.6bn on behalf of State in 2021

Triona Mullane: ‘We are in a positive place now.’ Photograph: Dara Mac Dónaill

Denis O’Brien-backed business had €8.4m deficit on its balance sheet at end June 2021

AIB closed at €2.04 while Bank of Ireland  was down to €5.38, as it continues the search for a successor to outgoing chief executive Francesca McDonagh. Photograph: Aidan Crawley/Bloomberg

Bargain-hunters enter market after sell-off on economic worries

The US company that owns blogging platform Tumblr pumped €200 million into its Irish operation after the start of the pandemic. Photograph: iStock

Automattic’s Irish unit employs 200 staff who work remotely

More than 32 per cent of all beer sold in the Irish market last year was stout, a return to pre-pandemic normality.

Ibec report shows drink sector started to recover when pubs reopened last summer

Midlands fire protection company, Writech, has bought a Swedish sprinkler supplier in a deal estimated at more than €10m. Photograph: iStock

Writech plans further European expansion after two private equity-backed deals this year

Richard Ramsey, Ulster Bank’s chief economist for Northern Ireland, says ‘inflationary pressures continue to be more intense in Northern Ireland than in all other UK regions’

Ulster Bank calls for swift formation of a Northern Ireland executive following to elections to deal with economic challenges

People at Electric Picnic festival. Photograph: Niall Carson/PA Wire

Insurance payout of €3.6m boosts company behind festival that is due to return this year

ILIM’s European Real Estate Fund has axcquired a property in Strasbourg.

Fund makes its first two property investments in Belgium and France

 BooHoo founder Carol Kane with CEO John Lyttle, pictured in Dublin.  Photograph: Dara Mac Dónaill / The Irish Times

Inflation has slowed the online fast fashion retailer’s growth

Inflation is wreaking havoc on hotel cost bases and customer pricing, and  accommodating thousands of Ukrainian war refugees is “distorting” occupancy levels and room rates.

Agenda: Hospitality sector figures skewed by pent-up demand, inflation and refugees

Flutter Entertainment, the owner of bookmaker Paddy Power, dropped 3.5 per cent to close the session at €99,62 per share. Photograph: Michael Stephens/PA Wire

Ecommerce stocks fall as pandemic bounce fades

Most Irish courier companies saw a significant rise in business during the pandemic lockdowns. Photograph: iStock

Management at the 20-year-old business will hold a minority stake

MUT 103 this week filed a case against local Irish intermediary WOTL and another linked company, Wealth Options Capital, as well as Wealth Options directors Éanna McCloskey and Brian Flynn

MUT 103 raised cash for German Property Group and owes €41m to investors

Amazon.com slumped 12.5 per cent to a near two-year low as higher costs squeezed first-quarter results and the ecommerce giant said it expected to lose as much as $1 billion in operating income this quarter. Photograph: Michael M Santiago/Getty Images

US shares fall on inflation worries

The annual rate of inflation for consumer prices increased to 7.3 per cent this month, up from 6.9 per cent in March, according to figures compiled by the Central Statistics Office.

Ireland’s 7.3 per cent annual rate is close to the Euro zone average

Tourists  watch the sun rise over the Angkor Wat temple complex in Cambodia: Tourism creates value, enriches cultural exchange,  expands minds and  spreads wealth from richer parts of the world to developing regions. Photograph:  Tang Chhin Sothy/AFP via Getty Images

There is a limit to how green discretionary travel can ever be

Richard O’Sullivan with his wife Ciara Heslin. Photograph: Shannon College of Hotel Management

The former Jurys executive had been unwell in recent years

Ulster Bank’s parent, NatWest, announced last February its withdrawal from the Irish banking market. Photograph: Sasko Lazarov/Rollingnews.ie

Banking customers may be affected by consolidation, competition regulator warns

AIB chief executive Colin Hunt says businesses that take climate change seriously will in future get a ‘benefit’ in terms of their financing. Photograph: Nick Bradshaw

Chief tells tourism conference it will ‘turn away’ firms that don’t try to reduce emissions

Willie Walsh on closing borders to combat Covid-19: ‘It was complete nonsense.’ Photograph: Nick Bradshaw

Former British Airways and Aer Lingus chief criticises politicians

Accounts for Oracle EMEA, the company’s Dublin-registered European hub, show that a dividend of almost €1.4 billion was paid on January 12th to Oracle EMEA Holdings, which is also Irish-registered. Photograph: Stephen Lam/Reuters

Staff numbers last year at the tech giant’s Dublin operation fell by about 200

 Bank of Ireland chief executive, Francesca McDonagh, who is leaving the bank.  Photograph: Laura Hutton

Executive is expected to join another European financial institution

Currency founders Ian Kehoe and Tom Lyons. Photograph:  Collins Courts

Journalism site backed by Michael McDowell says it has 5,500 paying subscribers

US stocks pared losses ahead of a busy week for Big Tech earnings

Banks and commodities stocks fall sharply

Applegreen chief executive Bob Etchingham and New Jersey governor Phil Murphy at the announcement of an investment by the Irish forecourts retailer in the US east-coast state. Photograph: Dara Mac Dónaill

US state’s Irish-American governor announces deal on Dublin trade mission

TikTok clearly understands that it needs to forge close ties with Irish political leaders

The Chinese-controlled social media giant potentially could be even more troublesome for the State than its US Silicon Valley peer(...)

Kylemore staff (from left) Eithne O’Halloran (abbey experience manager); Linda Spitzer (retail manager);  Niamh Philbin (executive assistant); Jessica Ridge (marketing manager); Tim Heanue (visitor centre manager); Conor Coyne (executive director); John Murphy (head of finance); John O’Toole (head chef); Marguerite Foyle (restaurant manager); and Anja Gohlke (head gardener). Photograph: Aoife Herriott

Benedictine abbey needs tourism boost to finance €5m monastery plan

Labour TD Ged Nash has called for a full PAC investigation of the management of the pandemic wage subsidy schemes, which cost taxpayers over €10 billion.

Revenue figures show 641 subsidised companies ‘made some form of distribution’

Data collated by State statisticians shows that a surge in traffic between Dublin-London and Dublin-Amsterdam helped to drive the recovery in passenger numbers in the final three months of 2021.

Passenger numbers still down by more than two-thirds on pre-pandemic levels, says CSO

Analog Devices chief executive Vincent Roche:

Analog Devices chief Vincent Roche is the only Irish person running a Fortune 500 company

Bucha has changed the game for those western businesses still harbouring notions about making good on their Russian investments. Photograph:  Chris McGrath/Getty Images

Caveat: Kerry is the only Irish multinational keeping alive its links with Putin’s fetid regime

Anthony Nicholas, the Dublin holding company for Field’s and Fraser Hart, says its latest two store sales to Beaverbrook are the ‘final step’ in a  series of disposals

Anthony Nicholas, which owns Field’s and Fraser Hart, used cash to pay down debts

“People are concerned. If you are a tour operator and you have 20 people on a coach for the week doing the Ring of Kerry, if any of them test positive before the flight home, it becomes a major issue.”

Visitors from States to Ireland have to test negative here before returning home

The  proposed new biogas facility in Offaly  would turn silage, manure and chicken litter into gas to heat homes and businesses. Photograph: iStock

Biogas facility in Tullamore gets green light from planners but now faces judicial review

The average Irish crypto owner is aged 36 and earns between €26,000 and €65,000, Gemini says. Photograph: iStock

Winklevoss twins’ Gemini exchange says almost 60% of Irish want to buy or learn about cryptocurrency

Long queues  in Terminal 2 at Dublin Airport.  Photograph Nick Bradshaw

From drop-off charges to dire security queues and deals with autocratic regimes, DAA has made several missteps

Building materials giant CRH was down 3.6%  to €36.84, while Smurfit Kappa fell almost 4%  to €40.48

Shares across Europe fall heavily as doubts grow over Russia-Ukraine peace talks

Declan Ganley plans to create the Edmund Burke facility, named after the Catholic emancipator whom he has long admired, close to his Moyne Park estate in Abbeyknockmoy, Co Galway. Photograph: Brenda Fitzsimons

Telecoms entrepreneur intends to redevelop Derreen Inn site with additional facilities

Dermot Desmond owns about a third of Mountain Province Diamonds. Photograph: Cyril Byrne

Mountain Province Diamonds closes funding deal with Irish businessman as investment shines

Former P&O staff and members of the National Union of Rail, Maritime and Transport Workers block the road leading to the Port of Dover after P&O Ferries sacked 800 seafarers recently. Photograph: Gareth Fuller/PA Wire

Sheer scale of the ferry group’s managerial incompetence is a sight to behold

Pádraig O’Céidigh’s decision to quit his non-executive roles at the owner of Shannon Airport followed a number of disagreements with members of the group’s management team, it is understood. Photograph:  Brian Arthur/Press 22

O’Céidigh did not comment on suggestion of friction with group’s management team

Technology companies lifted US stock indexes higher at the open after a sharp fall in the previous session. Photograph: Spencer Platt/Getty Images

Tech stocks keep the Nasdaq riding high

Eoghan O’Mara Walsh, Itic’s chief executive, said a recovery to 60 per cent of 2019 levels would be ‘no mean feat’.   Photograph: Domnick Walsh

Recovery could yet be hampered by war in Ukraine, inflation and staff shortage, says Itic

Businessman Declan Ganley. Rivada has acquired majority control of Trion Space, a Liechtenstein company that owns a licence or ‘filing’ for the spectrum needed for the project. Photograph: Brenda Fitzsimons

Rivada Networks to launch €4bn satellite system to provide global broadband network

Card payments are being affected at a number of Irish supermarkets and other retailers. Photograph: iStock

Payments processor says its system is ‘down’ resulting in customers’ cards being declined

Working from home

High level of job switching in the pandemic means many staff are yet to work from their current employer’s base

Security and severance personnel board the P&O European Causeway in Larne, Co Antrim. Photograph: Pacemaker Press

Company, which operates Dublin-Liverpool and Larne-Cairnryan, is making 800 UK seafarers redundant

Anton Krasun, a Ukrainian living in Dublin, is part of an international campaign group that has set up the Call Russia initiative. Photograph: Dara Mac Dónaill

Tech industry executive has helped to build campaign with other Russian speakers

Terminal 2 at Dublin Airport: If DAA was so concerned about sustainability, it wouldn’t have built a new runway. Photograph: Matt Kavanagh

Everybody can see through authority’s spurious ‘sustainability’ rationale; it clearly will be a revenue raiser

Fáilte Ireland chief executive Paul Kelly: ‘It is an ideal way to promote tourism for summer jobs and also as a future career option . . . You can’t just take a student on for two weeks to make the coffee.”  Photograph: Alan Betson

Tourism body holds talks on how Irish hospitality sector can help Ukrainian refugees

McKillen Corporation said it intends to continue “making wonderful chocolate” at Skellig Chocolates in Co Kerry.

‘It will be business as usual, but with more business,’ says outgoing owner Colm Healy

Newspaper publisher Mediahuis Ireland, previously known as Independent News & Media, has revealed details relating to a data breach from 2014. File photograph: Getty

Legal documents filed by Mediahuis confirms names of those closely targeted in 2014 leak

High-profile photographer and digital artist, Kevin Abosch, is among the names who appear on the latest list of tax defaulters published by the Revenue.

Revenue details €2.8m worth of cases in final three months of 2021

Traders work on the floor of the New York Stock Exchange. Photograph: Michael Nagle/Bloomberg

Energy stocks rise as oil prices exceed $130 a barrel amid inflation concerns

AIB was among the worst hit as banks struggled across Europe generally. It finished the session down 10.4%.

Banks, industrial stocks and travel companies fare poorly

Soothing Solutions founders Denise Lauaki and Sinead Crowther

Senior business figures are investing alongside food and wellness fund that has raised €27m

A view of the Kremlin’s Spasskaya tower and St Basil’s Cathedral  in Moscow. Russia’s currency is wobbling like a bear on stilts, its economy is in freefall, and the future of all international trade with it is beyond uncertain. Photograph:  Alexander Nemenov/AFP via Getty Images

Some of State’s biggest listed businesses have invested heavily in sanctions-hit Russia

Russian president Vladimir Putin: Back in 2004, he was considered a reformer, a potential partner for businesses in the West.

Caveat: Moscow’s invasion reveals risk of investing in the non-western economies

CRH is one of the largest cement producers in Ukraine. Photograph: Cyril Byrne

Building materials giant to exit joint venture in St Petersburg owned by CRH Finnish unit

Businessman Denis O’Brien joined the advisory board of the technology arm of LetterOne in 2015.  Photograph: Nick Bradshaw/The Irish Times

Irish businessman was appointed as an adviser to fellow billionaire Mikhail Fridman’s company in 2015

The new Travelodge is estimated to have cost €100 million to build and is the second-biggest hotel in the central city area. Photograph: David Potter/Construction Photography/Avalon/Getty Images

City centre property is second new Dublin hotel to sign exclusive deal with State

Dalata chief executive Dermot Crowley with chief financial officer Carol Phelan

Dalata narrowed its pretax losses from €111.5m in 2020 to €11.4m last year

The 421-bedroom Holiday Inn at Dublin Airport opened its doors only last July

Caveat: State asylum system readies for €500m splurge before decommissioning

Donald McDonald, MD of Brown Thomas Arnotts. As well as fashion brands and beauty, the new store has departments selling fitness gear, electronics and a commuter section selling e-scooters. Photograph: Alan Betson

Sustainability-focused store will employ about 400 staff, including 220 new full-time roles

 JMK’s Holiday Inn at Dublin Airport was  due to start trading in the first quarter of 2020 but its opening was delayed by the pandemic.

One of largest hotels in the city, the 421-bed JMK-owned property cost €50m to build

AstraZeneca climbed 4%  after saying its cancer drug helped patients with a type of advanced breast cancer live longer. Photograph: Paul Ellis /AFP

Iseq drops 1.6% on Monday as banks and travel stocks drag it down

MDL Naas Road

Mercedes distributor asks council to relax height restriction for development

Fergal Leamy, Glen Dimplex’s chief executive, said hotels could save 40 per cent of their energy costs by using the software. Photograph: Dara Mac Dónaill

SmarterDM sells systems that use software and other technology to control heating

Breedon Cement MD Jude Lagan said the expanded facility will bring capacity up to more than 22 million roof tiles annually

Factory plans to produce 22 million roof tiles annually to meet demands of housebuilders

The report highlights that the largest land deal last year was Eagle Street Partners’ €78 million purchase of a six-acre site at Castleforbes Business Park. Photograph: Cyril Byrne

Savills report predicts another ‘robust’ year in 2022 with housebuilding set to ramp up

Jack Scott of St Patrick’s Athletic and Jack Moylan of Shelbourne challenge for the ball during the SSE Airtricity League Premier Division match at Tolka Park on Friday. A consortium of investors is planning to make a ‘seven-figure’ investment in Shelbourne football, the Sunday Times reports. Photograph: Tom Maher/Inpho

Seen & Heard: Big investment in Shelbourne football; Hastings to sell Merrion hotel stake

Fergal Leamy, chief executive of Glen Dimplex, at the company’s  site in Dunleer, Co Louth. Photograph: Dara Mac Dónaill

Naughton family-owned company eyeing growth in sustainable heating solutions

Wearing a mask while walking around in most hospitality settings has seemed like nonsense for weeks now. Aerosol particles don’t dissipate as soon as you take your seat. Photograph: John Fleming

A trip to a packed pub can tell you a lot about where your attitude to virus risk lies

Premier  Inn is currently building three further hotels in Dublin with construction on a fourth new project due to start in the summer

UK-owned hotel company wants to build up to 2,500 budget rooms in the city

Minister for Justice Helen McEntee said  the commissioner had assured her that the DPC operates ‘very much in line with the rules, regulations and legislation’ covering data privacy law in Europe. Photograph: Gareth Chaney/Collins

Oireachtas justice committee recommended review last year but Government yet to act

The owner of the Spar brand said the reintroduction of anti-virus restrictions in Ireland in November and December had led to ‘mixed results’ across its retail network

Irish retail group’s South African parent hails its ‘impressive’ performance

Ignore the siren calls from some quarters for price caps – no government has ever capped its way out of inflation. Photograph: Johannes Eisele/AFP/Getty Images

Individuals and businesses should not be made to feel powerless

Nationally, the average rent on Daft was €1,524 at the end of 2021, a rise of more than 10 per cent over the year.  Photograph: iStock

Dublin is once again the hotspot of the rental crisis, according to figures from Daft.ie

Employees complained of unsocial hours. Photograph: Getty

Workers in sector unhappy with unsocial hours and level of pay, survey finds

Willie Walsh, director general of the International Air Transport Association. Photograph: Nick Bradshaw

Industry veteran tells tourism lobby group that oil prices will also push up fares in 2022

The total value of Irish M&A deals in 2021 rose by a third to €24.6 billion. Photograph: iStock

Research by William Fry and Mergermarket shows bounceback in corporate deal-making

Automobile stocks hitting a one-month low on the prospect of tougher emissions tests. Photograph: Sean Gallup/Getty Images

Car stocks suffer as regulators toughen emissions limits

Some of the new power plants will be built by existing players in the Irish power generation market, such as ESB, while others will be built by new investors in the sector here. Photograph: Alan Betson

Regulators treble price at capacity auction for electricity produced at new gas-fired plants

Garda checkpoint during level-5 restrictions in Dublin in October 2020: People no longer want their freedoms restricted and their livelihoods threatened simply to steer them clear of every last scrap of danger. Photograph: Damien Eagers/PA

This week’s public health data suggests a brighter future for business and society

Sam Donnelly, Co Director of Sam’s Barbers in the Blanchardstown shop, one of seven in the barber chain. Photograph: Alan Betson

Indigenous employers struggle to keep pace as FDI companies hike pay rates

Construction Industry Federation director general Tom Parlon will leave the post at the end of 2023 under a new extension agreed recently. Photograph: Cyril Byrne

Construction industry lobbyist gets contract extension, as his successor is also named

If the Government’s Housing For All strategy is to deliver on its aim to spur the building required to solve the current crisis, it is also bound to spur bitter battles in many places like Enniskerry

Crisis won’t be solved without massive construction, but try telling locals they have to sit back and say nothing

n legal documents recently filed in its defence of a claim over the data breach, Mediahuis says the entire contents of the four mailboxes, which included those of former INM chief executive  and its former corporate affairs director, were rebuilt by technical experts. Photograph: Frank Miller/The Irish Times

Mediahuis denies responsibility for alleged actions of former chairman Leslie Buckley

Fears about aggressive monetary policy tightening by the US Federal Reserve, led by Jerome Powell, which meets Wednesday  and the potential for military conflict in Ukraine unnerved markets. Photograph: Sam Corum/EPA

Iseq in Dublin creeps into positive territory as major bank stocks outperform

Bristol-Myers Squibb. Photograph: Regis Duvignau/File Photo/Reuters

US senator demands response from chief of Bristol Myers Squibb by January 28th

An image of the Royal College of Surgeons in Ireland’s €22m new education and research centre at Connolly Memorial Hospital in Blanchardstown

New centre at Connolly hospital will be used to give medical students clinical knowledge early in their training

Digicel had been privately investigating the issue for years even before it launched the case in 2015. Photograph: iStock

Scheduled trial is the culmination of a bitter seven-year legal wrangle

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