Thursday 18 January 2018

The week in Business

Joseph Stiglitz
Joseph Stiglitz
Dundrum Town Centre
Graham Norton

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


Ryanair defends its long relationship with KPMG which goes back for 30 years. In the past 15 years alone, the airline has paid KPMG €10m for audit, tax and audit-related services.

Ahead of this week's UK Labour Party Conference, it was announced that Nobel Prizewinner Joseph Stiglitz and Thomas Piketty, the author of the bestselling 'Capital in the 21st Century', would serve on a panel of advisers.


Arcapita, the Bahraini owner of Energia here is plotting a sale of the Irish business in a deal certain to value it at more than €1bn.

Tesco has returned to growth in the Irish market for the first time since 2013. The latest supermarket data shows it has managed to keep its number one position as Ireland's biggest grocery retailer, fending off the challenge from SuperValu


Developer Joe O'Reilly is set for talks with UK's Hammerson and Germany's Allianz Real Estate. The two companies have agreed to pay €1.85bn for the loan portfolio known as Project Jewel, which includes loans secured against Dundrum Town Centre, a 50pc stake in the Ilac Centre in Dublin, and a 50pc stake in the Pavilions centre in Swords.

One of the top hotels in Dublin is to close down ahead of a major redevelopment of the site. The former Berkeley Court Hotel, now known as the Clyde Court Hotel, will shut on January 1 as Chartered Land, which bought the hotel, plans to build 190 apartments


Musgrave sign a deal with New Zealand wine maker Invivo, in which Graham Norton has a stake, to stock its 'GN' sauvignon blanc.

One of the best-known pubs in the country, the Temple Bar in Dublin, continued to pour handsome profits for its owners after superstar Beyoncé, stopped by last year. New accounts show that the group which operates the pub in the Temple Bar area enjoyed a 56-fold increase in pre-tax profits to €3.9m.

Irish Independent

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