Thursday 29 September 2016

The week in Business

Published 05/09/2015 | 02:30

Aer Lingus has begun recruitment for its 2016 Cadet Pilot training programme. The airline is currently inviting applications for 12 new cadet pilots to join the 2016 training programme in January, 2016.
Aer Lingus has begun recruitment for its 2016 Cadet Pilot training programme. The airline is currently inviting applications for 12 new cadet pilots to join the 2016 training programme in January, 2016.
Deirdre Somers, chief executive of the Irish Stock Exchange
Lifestyle, which sells the latest Man Utd sports range modelled by Luke Shaw, Juan Mata and Ashley Young, has recorded a profit.

A look back at the main business stories during the week.

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Monday

Ireland's ageing population will place increasing pressure on the State's public finances in the coming years, Davy Stockbrokers warns. The company also claims that while the economic recovery is spreading out from Dublin, an urban-rural divide still exists.

The performance of Lifestyle Sports comes in for praise after pre-tax profits at the group behind the chain rises to €2.37m. Lifestyle Sports is a retailer of sports merchandise, including the new Adidas range for Manchester United.

Tuesday

Former Eircom boss Herb Hribar is believed to have received the bulk of a €9.8m payment made by the telco last year as compensation for loss of office. Mr Hribar quit the company after Eircom pulled a planned €3bn-plus stock market flotation.

Aer Lingus begins recruitment for its 2016 Cadet Pilot training programme. The airline is inviting applications for 12 new cadet pilots.

Wednesday

The tax take is more than half a billion euro healthier than expected after last month, with large gains in income tax and VAT. The taxman collected about €1.4bn more than forecast so far this year.

VMware, a multinational tech giant in Cork, says it has permanently hired 100 people from 130 trainees taken on through the government's controversial JobBridge employment scheme. It says the State-subsidised scheme has been "fantastic".

Thursday

Bank of Ireland will look to repay €1.3bn of preference shares early next year to enable it to resume dividend payments, chief executive Richie Boucher says.

The Irish Stock Exchange (ISE) enjoyed a record year in 2014 for its equity trading and debt listing markets, with revenues surging 9pc, says chief executive Deirdre Somers, inset.

The Dublin Airport Authority (DAA) is re-examining its proposals for a second runway as passenger numbers are set to surpass peak levels reached during the boom.

Irish Independent

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