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Mon, May 23, 2016

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Ryanair profits up 43% to €1.24 billion After-tax profits at Ryanair rose 43 per cent to €1.242 billion from €867 million in the 12 months ended March 31st 2015. Photograph: Alan Betson / THE IRISH TIMES
  • Transport & Tourism
  • 07:26

Airline signals further fare cuts this year as capacity increases on European routes

  • Nice and profitable: How Ryanair revamped itself
Patricia Molloy: “It gives me a sense of community while supporting local business.” Me & My Money Patricia Molloy of Derma Laser Clinics on her spending
Dublin Airport to refinance €550 million debt More than 25 million passengers passed through Dublin Airport in 2015 and it is set to break that record this year as customers such as Ryanair and Aer Lingus add new routes and boost capacity.
  • Transport & Tourism
  • 17:10

Move comes as hub plans new runway to cope with increased traffic

Man Utd shares rise in anticipation of Mourhino era The impending arrival of Jose Mourinho at Manchester Utd saw stock rise in New York trading on Monday.  Photograph: PA
  • Business
  • 15:12

New manager’s arrival sparks 2.4% stock gain in New York

Kleinwort Benson Investors sold for about €130-€150m With some €7.6 billion in assets under management, equity management firm KBI is headquartered in Dublin, with offices in Boston and New York and employs 62 people. (Photograph: Jin Lee/Bloomberg)
  • Financial Services
  • 07:53

Management’s 12.5% stake understood to be valued at about €16-19 million

Up to 200,000 Three Ireland customers hit by voicemail problem Thousands of mobile users were left without access to their voicemail services after Three Ireland suffered a technical glitch.
  • Technology
  • 16:44

Company says problem affected less than 10% of its customer base

Permanent TSB profitabilty about a third of target Davy financials analyst Emer Lang said she now sees PTSB’s 2018 return on equity coming in at 3.7 per cent
  • Markets
  • 11:05

Bank warned this month it may miss 10% 2018 return on equity aim

EU readies €11 billion for Greece Greek Prime Minister Alexis Tsipras. Greece’s European creditors are preparing to disburse €11 billion once the nation successfully completes a review of its bailout program. (Photograph: SAKIS MITROLIDISSAKIS MITROLIDIS/AFP/Getty)
  • Economy
  • 13:44

Country must first successfully complete a review of its bailout programmed

PwC announces renewal of sponsorship deal with IRFU PwC, 1 Spencer Dock, North Wall Quay, Dublin 1
  • Media & Marketing
  • 13:18

Company said Irish rugby was ‘perfect fit’ for its brand

Jury in Anglo trial sent home after juror becomes unwell The jury began hearing evidence in January in what is understood to be the longest trial in the history of the State
  • Financial Services
  • 12:30

Deliberations to resume on Tuesday in trial of four bankers

Louise Phelan of PayPal: to speak at Tech Connect Live event taking place in the RDS on Wednesday. Photograph: Alan Betson / The Irish Times
Technology Social Media Week Ireland kicks off around the country
 
Tesla: hopes to see e-vehicle output grow to 500,000 units by 2020
Innovation talk Forget lithium – rare earth elements are the next big thing
 

Economy

EU readies €11 billion for Greece
  • May 23, 2016, 13:44

EU readies €11 billion for Greece Country must first successfully complete a review of its bailout programmed

UK faces one year recession if it bows out of EU, warns Treasury
  • May 23, 2016, 10:50

UK faces one year recession if it bows out of EU, warns Treasury ‘Can we knowingly vote for a recession?’ chancellor George Osborne asks

CIF calls on Government to fast track capital projects that have stalled
  • May 23, 2016, 10:46

CIF calls on Government to fast track capital projects that have stalled Without investment in infrastructure Government’s housing strategy could create ‘ghost communities’ in the regions

Eurozone economy slowed in May as business growth slid
  • May 23, 2016, 10:18

Eurozone economy slowed in May as business growth slid Latest PMI figures show employment rose for 19th month in a row

Your Money

Patricia Molloy: “It gives me a sense of community while supporting local business.” Me & My Money Patricia Molloy, founder of Derma Laser Clinics

‘Even if I won a surprise trip to Las Vegas, it’s safe to say I would still have no interest in it’

Davy financials analyst Emer Lang said she now sees PTSB’s 2018 return on equity coming in at 3.7 per cent Permanent TSB profitabilty about a third of target
Strategists said sterling would be vulnerable over the coming weeks Sterling steadies after week of gains amid Brexit concern
  • Asian shares rise but Japan down on tax reports
  • Shares rally to reverse losing streak

Technology

Thousands of mobile users were left without access to their voicemail services after Three Ireland suffered a technical glitch. Up to 200,000 Three Ireland customers hit by voicemail problem

Company says problem affected less than 10% of its customer base

NYU Langone centre:  Oneview software allows its doctors and nurses to collate real-time information about patients Oneview Heathcare signs contract with NYU medical centre
Lab-based results are never going to reflect reality on the road. Photograph: Guang Niu/Getty Images Cantillon: emission scandal highlights faulty basis of motor tax
  • Michael Dell visits Cork staff after EMC merger
  • Dyson working on an electric car

Financial Services

Jury in Anglo trial sent home after juror becomes unwell

Jury in Anglo trial sent home after juror becomes unwell Deliberations to resume on Tuesday in trial of four bankers

Kleinwort Benson Investors sold for about €130-€150m

Management’s 12.5% stake understood to be valued at about €16-19 million

AXA to sell €1.8bn of tobacco assets over ‘public health’

Company to divest its €200 million of equity holdings in tobacco companies

Commercial Property

Continentals retreat from prime London house market

Continentals retreat from prime London house market Caution as buyers await outcome of Brexit referendum on EU membership in June

House builder New Generation to split sale of land portfolio

Residential sites in Project Firefly failed to reach target price of up to €350m

FF TD Marc MacSharry submits questions on Nama debtor leaks

Fianna Fáil TD also asks Minister for Finance to publish Deloitte review of data security

Work

Lucy Kellaway: If your list of rejections is short, you’re not trying hard enough
  • May 23, 2016, 01:00

Lucy Kellaway: If your list of rejections is short, you’re not trying hard enough When Johannes Haushofer at Princeton listed his professional failures it went viral

Government plans to change tax on shares to boost start-ups
  • May 21, 2016, 06:15

Government plans to change tax  on  shares  to boost start-ups Department of Finance wants businesses’ views on taxing gains on shares given to staff

Media & Marketing

PwC announces renewal of sponsorship deal with IRFU

PwC announces renewal of sponsorship deal with IRFU Company said Irish rugby was ‘perfect fit’ for its brand

Niall O’Dowd sells IrishCentral website for €2.7m

Niall O’Dowd sells IrishCentral website for €2.7m ‘Irish Voice’ newspaper and ‘Irish America’ magazine not part of transaction

Companies

Dublin Airport to refinance €550 million debt
  • Transport & Tourism

Dublin Airport to refinance €550 million debt Move comes as hub plans new runway to cope with increased traffic

Egypt expects €12 bn from tourism sector despite air disaster
  • Transport & Tourism

Egypt expects €12 bn from tourism  sector despite air disaster Minister says country will attract 10m tourists and will not cut prices

London Underground on track to begin long awaited ‘Night Tube’
  • Transport & Tourism

London Underground on track to begin long awaited ‘Night Tube’ 24 hour service on certain lines expected to add millions to London economy

Fiat Chrysler shares fall following emissions row with Germany
  • Transport & Tourism

Fiat Chrysler shares fall following emissions row with Germany  Carmaker maintains vehicles are compliant following emissions cheat claims

Maxol gets go ahead to buy three former Esso service stations
  • Energy & Resources

Maxol gets go ahead to buy three former Esso service stations Move part of ‘significant expansion’ at oil company

Monaco gold refinery to supply market with conflict free metals
  • Energy & Resources

Monaco gold refinery to supply market with conflict free metals Dubai investor Selim Fendi lines up European buyers for gold from South America

Sponsored

Why employing digital precision gives your eyecare its edge Why employing digital precision gives your eyecare its edge

A new made-to-measure digital service from Specsavers sets a new benchmark for innovation in customer eyecare

Future Health Summit Future Health Summit

A Special Report by the Irish Times

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Latest Business

Dublin Airport to refinance €550 million debt 17:10
Up to 200,000 Three Ireland customers hit by voicemail problem 16:44
Me & My Money Patricia Molloy, founder of Derma Laser Clinics 15:49
Man Utd shares rise in anticipation of Mourhino era 15:12
EU readies €11 billion for Greece 13:44
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Most Read in Business

1 Dublin Airport to refinance €550 million debt
2 Kleinwort Benson Investors sold for about €130-€150m
3 Lucy Kellaway: If your list of rejections is short, you’re not trying hard enough
4 Niall O’Dowd sells IrishCentral website for €2.7m
5 Man Utd shares rise in anticipation of Mourhino era
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Panama Papers Full coverage: how offshore companies are used by the global elite
 
New Innovation e-mag Plain old mega won't do, the world is going Giga
 

Business Bites

Work: Lucy Kellaway: If your list of rejections is short, you’re not trying hard enough
Cantillon: Cantillon: politicians up to their necks in Irish Water debacle
Work: Listicle: Five ways to stay on topic during a meeting
Work: Joining a start-up? Think it through
Teleprinter: Expect party pieces as ‘Daniel & Majella’s B&B Road Trip’ returns
Work: Corkman to be at the helm of cuisine onboard ‘Harmony of the Seas’
Top 1000 2016 Find out who is Ireland's biggest company and who the new CEOs are
 

Business Columns

Dick Ahlstrom Dick Ahlstrom - Science Editor

Innovation talk: Forget lithium – rare earth elements are the next big thing

Lucy Kellaway Lucy Kellaway -

Lucy Kellaway: If your list of rejections is short, you’re not trying hard enough

Laura Slattery Laura Slattery - Journalist

RTÉ and the mystery of the disappearing US dramas

Mark Paul Mark Paul - Business Affairs Correspondent

Caveat: Thank you for lobbying, now fill out the register

AIB Start-up Academy Everything you need to know about start-ups and setting one up
 
Business Alerts Never miss out on business news. Sign up for our free email alerts service today.
 

Business Videos

GeoOrbital showcase their eBike wheel0:16 GeoOrbital showcase their eBike wheel
333m-long cruise ship docks in Dublin Port0:59 333m-long cruise ship docks in Dublin Port
Week six: Social media at the AIB Start-up Academy3:43 Week six: Social media at the AIB Start-up Academy

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