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Monday 24 September 2018
Today's top story
Hubspot co-founder Brian Halligan.
Hubspot in Dublin Docklands office deal US tech giant Hubspot is close to signing a deal for a new European headquarters office in the Sobo district in the Dublin Docklands, the Sunday Independent can reveal.The marketing software specialist is understood to be in advanced negotiations with Hibernia Reit with a view to leasing all 115,000 sq ft (10,683sqm) of space at 1 Sir John Rogerson's Quay (1SJRQ) for a rent in the region of €60 per sq ft. 1SJRQ is due for completion in the coming months, along with Hibernia Reit's scheme at 2 Windmill Lane.
 
Main Business Headlines
 
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Irish Business
 
Ryanair chief executive Michael O’Leary. Photo: Bloomberg Ryanair boss O'Leary must be asking 'should I stay or should I go?' Richard Curran After building and growing Ryanair over the last 24 years, Michael O'Leary is now caught in a classic trap that befalls successful CEOs - when to go.
Melena Fashion founders, sisters Malindi and Elena Demery. Photo: David Conachy Jeans franchise expanding to Spain and UAE Michael Cogley The two Irish entrepreneurs responsible for bringing the popular Freddy Jeans brand to Ireland will now distribute it through Spain and the United Arab Emirates.
Fleet founder Maurice Sheehy. Photo: Shane O'Neill Photography Five startups to seek €1.4m through Ireland's first crowdfunding platform Michael Cogley Five Irish companies will seek to raise €1.4m through the country's first equity crowdfunding platform over the coming months.
Aircraft landing at Dublin Airport, which is the standout perfomer in the Irish market, and a major player in the hub and transatlantic markets. Photo: Bloomberg Opportunities in knock Dan White While Dublin may be pulling even further ahead of most of the other Irish airports, one other Irish facility has not only regained but exceeded its previous peak passenger numbers. Ireland West Airport, AKA Knock, handled 748,000 passengers in 2017 - 19pc ahead of its previous 2008 peak.
 
 
World Business
 
Blackstone CEO Stephen Schwarzman. Photo: Bloomberg Blackstone aims to oversee $1trn in assets by 2026 Joshua Franklin Blackstone Group, the world's largest manager of alternative investments such as private equity and real estate, has said it could be overseeing $1trn in assets by 2026.
German Chancellor Angela Merkel. Photo: Reuters Germany favours merger of Deutsche Bank and Commerzbank to head off slowdown Birgit Jennen and Steven Arons Germany already has its sights set on the next financial downturn and sees a combined Deutsche Bank and Commerzbank as a new national champion that would protect its economy from an exodus of foreign capital.
Mario Draghi. Photo: Reuters Decisive Draghi secures place in history books Sean Crowe Mario Draghi may not quite be a household name for many European citizens, yet his decisions as ECB President have a had significant impact on our lives, largely determining what our mortgages cost and what our savings return.
The owners of the Virgin Media group in Ireland have backed out of the race for Endemol Shine, makers of the Big Brother and MasterChef shows, according to people with knowledge of the matter. (Nick Ansell/PA) Virgin Media owner backs out of Endemol deal Nabila Ahmed, Joe Mayes, Lucas Shaw, and Sarah Syed The owners of the Virgin Media group in Ireland have backed out of the race for Endemol Shine, makers of the Big Brother and MasterChef shows, according to people with knowledge of the matter.
 
 
Technology
 
Elon Musk exudes self-confidence. Photo: Bloomberg Why mastermind Musk is driven to shoot for the stars - and beyond Patrick Davidson and Hans van der Loo Elon Musk took the world by surprise when he announced that he planned to take a Japanese billionaire on a flight around the moon in 2023.
Jeff Bezos of Amazon has a hands-on approach at the Washington Post. Photo: Bloomberg Print still has pull for tech billionaires buying control of legacy news brands Steve Dempsey Becoming the custodian of a recognised media outlet has become the ultimate status symbol for a certain type of big-tech mogul.
 
 
Farming
 
Sheep sector proves its resilience Declan Fennell Irish sheep meat exports for the first half of 2018 have performed well with a 4pc increase in value. For the period January to June, a total of €149 million or some 24,204 tonnes were exported.
Stock image 'A close reading of our electricity bills delivered quite a shock' Ann Fitzgerald Old habits die hard. But they do die.
Taoiseach Leo Varadkar tries his hand at horse-drawn ploughing at the National Ploughing Championships with horses Jack and Jill. Photo: Gerry Mooney. John Downing: Pressing the flesh at the Ploughing once a year just not good enough John Downing Memo to all our senior politicians: Farmers are not just for the ploughing week.
Farmers are still reluctant to open up about mental health issues. Picture posed Farmers still have stigma about mental health issues Claire Fox Farmers are still reluctant to open up about mental health issues, which they view as a sign of weakness, it has been claimed.
 
 
Small Business
 
An Post is planing to enter the small business lending market as part of an ambitious financial services strategy which will see it offer mortgages, personal loans and fintech services. Stock image An Post financial services plan takes aim at SME lending Samantha McCaughren An Post is planing to enter the small business lending market as part of an ambitious financial services strategy which will see it offer mortgages, personal loans and fintech services.
Finance Minister Paschal Donohoe. Photo: Gareth Chaney/Collins Tax advisers demand urgent SME action Samantha McCaughren Tax advisers have written to Finance Minister Paschal Donohoe claiming tax law is in need of "urgent reform" in order to support the SME sector through Brexit.
Despite its on-trend wellness concept, Irish firm Health and Fitness Ireland should look to filling a gap in the corporate sector with a suite of offers. Stock photo How health-focused company can further shape up for the challenges ahead Alan O'Neill Health and Fitness Ireland is a young company that is capitalising on a significant shift in society. The health and wellness agenda is topical and here to stay for the long term. The business is an educational company, running lectures, wellness courses and workshops that bring the three topics together: exercise, nutrition and mental empowerment. The company has had a good start and is showing great promise for the future.
Muriel Cuddy of Health and Fitness in the Botanical Gardens in Dublin. Photo: Tony Gavin Mind, as well as body, is the focus of new concept in fitness sector Alan O'Neill I seem to remember one of the first commercial gyms in Ireland opened in the '70s in Dublin's Abbey Street. It was founded by an Irish guy who had returned from the US with the ambition to get Ireland fit. It was a small venue with just one set of changing rooms, so men and women could only attend on separate days. Up to that the only gyms that I can remember were attached to schools and colleges.
 
 
Personal Finance
 
The Government will provide cheap funding to builders and developers to finance the development of lands they secure through the newly-proposed Land Development Agency (LDA). Photo: Igor Stevanovic State backing for builders is under fire Michael Cogley The Government will provide cheap funding to builders and developers to finance the development of lands they secure through the newly-proposed Land Development Agency (LDA).
Stock image An Post to offer borrowers cheaper mortgages Samantha McCaughren The biggest shake-up of the mortgage market for almost 20 years is on the way with An Post set to offer home-loans and pledging it will undercut current market rates by 1pc.
One of Ireland's largest motor insurers has admitted the day of the week on which a customer was born will affect their premium. (stock picture) Sunday's driver... has higher insurance costs Michael Cogley One of Ireland's largest motor insurers has admitted the day of the week on which a customer was born will affect their premium.
Almost half of mortgage holders feel they were put under pressure to take out their bank's protection policy, new research has found. Photo: Stock Image Borrowers unaware of protection choice Michael Cogley Almost half of mortgage holders feel they were put under pressure to take out their bank's protection policy, new research has found.
 
 
Commercial Property
 
Hubspot co-founder Brian Halligan. Hubspot in Dublin Docklands office deal Ronald Quinlan US tech giant Hubspot is close to signing a deal for a new European headquarters office in the Sobo district in the Dublin Docklands, the Sunday Independent can reveal.The marketing software specialist is understood to be in advanced negotiations with Hibernia Reit with a view to leasing all 115,000 sq ft (10,683sqm) of space at 1 Sir John Rogerson's Quay (1SJRQ) for a rent in the region of €60 per sq ft. 1SJRQ is due for completion in the coming months, along with Hibernia Reit's scheme at 2 Windmill Lane.
 
 
Media
 
What if consumers eventually switch off from all forms of interruptive advertising? What if they continue to block ads online and refuse to engage? All to play for as Adland's frenemies battle it out John McGee Anyone working in the media, advertising and marketing industries will know all about the many existential threats and challenges that menacingly hover above them like a spaceship in a sci-fi movie that could possibly have two different endings. And one of these is not so good.
Kevin Kent, Laya Healthcare Marketing People: Kevin Kent, Head of marketing, Laya Healthcare John McGee With over 580,000 members and 500 staff, Laya healthcare is now the second-largest health insurance provider in the Irish market as Kevin Kent, head of marketing, explains to John McGee.
 
 
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