O'Leary predicts more casualties of higher fuel prices and low fares
MICHAEL O'Leary was characteristically blunt with analysts yesterday.
MICHAEL O'Leary was characteristically blunt with analysts yesterday.
RYANAIR is in talks with Boeing regarding potential compensation after the grounding of 737 Max jets around the world, according to CEO Michael O'Leary.
Employers must sell themselves to win staff in an increasingly competitive jobs market, including tapping into younger workers' environmentalism, according to Veolia Ireland executive Sinéad Patton.
Usually when top executives say they want to ease back on the throttle to spend more time with family, there's more to it than that.
Workers have gained ammunition in disputes with employers over their working hours following a major European Court of Justice ruling.
The DAA, the semi-State company that operates Dublin Airport, has reacted angrily to proposals published today by the Commission for Aviation Regulation (CAR) that will see passenger charges slashed at the gateway from next year.
Didier De Witte, a Belgian millionaire who was this year sentenced to prison for a €1m-plus tax dodge, is behind plans for a 319-bed student accommodation scheme in Dublin.
Continuing Brexit uncertainty will have hit demand for outbound air travel as the summer season gets under way, according to Davy Stockbrokers.
US value fund manager Brandes Investment Partners has again cut its stake in Bulmers-maker C&C, leaving it with just under an 8pc holding.
Bad weather has left Maggie Timoney stuck in Miami. She's scrambling to get a flight out of the city after thunderstorms scuppered the previous day's exit plan.
A cuckoo fund can make more money renting a property in Dublin than it can in Los Angeles.
A controversial multi-million euro solar farm project in Co Cork has been given the go-ahead by An Bord Pleanála.
Any potential share buyback at packaging giant Smurfit Kappa is at least a "couple of years down the road" as the group continues to focus on acquisitions, dividends and investing in its...
Ireland accounted for just 1.2pc of the European Investment Bank's (EIB) €451.1bn disbursed loans at the end of 2018, despite some high-profile backing here in the past couple of years.
Connect Airways, the group that now includes Dublin-based Stobart Air, is trying to recover tens of millions of pounds from credit card companies that process payments for Flybe, the embattled...
The number of job vacancies dropped 1pc in the first quarter of the year as employers fretted about the potential impact of Brexit, according to new figures.
Investment in data centres in Ireland is likely to top €10bn by 2022, according to industry lobby group Host in Ireland.
Some of the larger players in the US LPG market are stymied in their ability to acquire businesses in the fragmented industry there because of highly leveraged balance sheets, according to DCC CEO Donal Murphy.
THE Dublin-based supplements firm Sona Nutrition has emerged victorious in a trademark dispute with a US business owned by private equity giants KKR and Carlyle.
THE DAA, the semi-State company that operates Dublin Airport, has reacted angrily to proposals from the Commission for Aviation Regulation (CAR) that would see passenger charges slashed at the gateway from next year.
Packaging giant Smurfit Kappa spirited 23 employees from crisis-hit Venezuela last year to protect their safety as the country's economy continued to implode and the company's assets there were seized by the government.
US VAPING giant Juul Labs - in which Marlboro owner Altria paid $12.8bn (€11.4bn) for a 35pc stake last year - aims to capture a slice of the Irish market with a launch across 160 Circle-K forecourts and 50 Hale Vaping stores.
The DAA is to review the rosters of thousands of workers at Dublin Airport to enhance its ability to deal with a surge in activity at the gateway.
Investments totalling at least €318m planned by wealthy foreigners in businesses and cultural activities in Ireland under the Government's Immigrant Investor Programme have been stalled by lengthy processing of applications, the Irish Independent has learned.
US Property group Kennedy Wilson has managed to extract all of its equity from the Capital Dock scheme in Dublin's docklands, and is finalising all the retail leases at the landmark scheme.
PACKAGING giant Smurfit Kappa is in "great shape" and will "go through the process" if it receives any fresh takeover approach, CEO Tony Smurfit has told the Irish Independent.
THE supply of rooms in Dublin's hotel market is close to equilibrium as a surge in construction reaches a peak, the chief executive of Ireland's biggest hotel group has insisted.
More than 40 years after the Kinsale field started producing Ireland's first commercial natural gas, the decommissioning of the asset is to proceed after the Government determined that the process won't harm the environment.
Hammerson executives have been left chastened after shareholders in the UK group - which owns half the Dundrum Town Centre in Dublin - baulked at what they see as excessive pay for the group's directors.
Hotel group Inua Hospitality has raised an additional €4.8m in funding via entities linked to Blackbee, the Irish investment firm.
Dublin-based aircraft lessors Avolon and Aercap have both reported strong first quarters, with profits of hundreds of millions of dollars each.
MAXIME Lombardini, the former chief executive and current chairman of Eir shareholder Iliad, has been fined €600,000 for insider dealing. The fine is for selling shares in the French company before the public was informed that the firm had made an approach to buy T-Mobile operations in the US.
DAA chief executive Dalton Philips expects legislation to formally appoint Fingal County Council as the noise regulator for Dublin Airport to be signed into law within a matter of weeks.
Billionaire Denis O'Brien will crystallise a loss of more than €450m on his investment in Independent News & Media (INM) following its sale to Mediahuis.
DUBLIN AIRPORT will be able to accommodate all aircraft this summer as it gears up for its busiest travel season ever, the DAA has said.
AER Lingus is to cease using full-service general sales agents in key mainland European countries such as France, Germany and the Netherlands.
An Post is seeking a €40m loan from the European Investment Bank (EIB) to fund a modernisation programme to automate its parcel business and replace a third of its diesel fleet with electric vehicles.
London-based hedge fund Marshall Wace has taken a £50m (€58m) punt against Paddy Power Betfair, betting that shares in the gambling group will fall.
DATALEX chairman Paschal Taggart said he would like to have done a "far better job" at the troubled software company, as he confirmed yesterday that he will be stepping down as a director at the firm's annual general meeting later this year.
Datalex chairman Paschal Taggart has lamented that he would have like to have done a “far better job” at the troubled software company, as he confirmed this afternoon that he will be stepping down from the role at the firm’s annual general meeting later this year.
FORMER Bank of Ireland boss Richie Boucher has defended the pay structure for CRH CEO Albert Manifold, who earned a total of €8.2m last year.
US investment giant Capital Group has ditched its entire holding in Irish travel software firm Datalex ahead of a shareholder meeting today to approve a €6.1m loan from billionaire financier Dermot Desmond to the firm.
Primark's profits surged 25pc to £426m (€492m) in the first half of its financial year, reflecting increased selling space and better margins, according to owner Associated British Foods (ABF).
As it gears up for its annual general meeting this morning under the watchful eye of activist investor Cevian Capital, CRH is to buy back an additional €350m of its own shares.
Enterprise Ireland and the IDA need to evolve in order to foster a "new breed of startups," according to Dublin-based aircraft-leasing giant Avolon.
Dublin Airport is embarking on its multimillion-euro project to upgrade a security-screening system for passenger baggage at Terminal 1.
Danish firm Liva Healthcare, whose digital platform is being used in the UK by the NHS to help prevent and reverse chronic conditions including diabetes in patients, is about to launch in Ireland.
Allied Real Estate Group, a company controlled by developers Adrian Langan and Cathal McGinley, is offering €69.3m for all 90 apartments at Ballsbridge Court in Dublin with a view to levelling them and building 300 or more build-to-rent units on the site.
THE westernisation of Chinese diets presents an opportunity for Irish firms to ramp up exports of pizza cheese to the world's most populous nation, according to Bord Bia.
A COMPANY linked to Celtic Tiger builder Bernard McNamara has been given the go-ahead for a €40m-plus development on the site of the well-known Swiss Cottage pub in Santry, north Dublin.
QUINN Industrial Holdings is sounding out the market on options including a potential stock market flotation or private equity investment for the firm, the Irish Independent understands.
DUBLIN City University is planning a significant new student accommodation building, with 1,240 bedspaces.
Dublin-based aircraft lessor Avolon has upsized a $1.8bn senior bond launch to a $2.5bn (€2.2bn) investment-grade offering on foot of strong institutional demand.
Shares in Ryanair fell more than 2pc in early trading yesterday, after Goodbody Stockbrokers downgraded the stock to hold and cut its profit estimates for the carrier.
Cuisine de France owner Aryzta has again pushed a US court to limit the period for which a former customer can claim damages, amid allegations by Tennessee-based McKee Foods that it has lost millions of dollars of sales because the Swiss-Irish company couldn't fulfil its orders.
British retailer Tesco has posted better than expected full-year results, with the group now having met "or about to meet", the majority of its turnaround plans, according to CEO Dave Lewis.
The introduction of new border and customs facilities at Dublin Port due to Brexit has prompted the gateway to introduce new measures to speed the throughput of cargo, as space at the port becomes scarcer.
CRH boss Albert Manifold is set to join the board of Rotterdam-headquartered Lyondellbasell, one of the world's largest plastics, chemicals and refining groups, with a $33bn (€29bn) market capitalisation.
The government needs to do more to tackle a skills and staff deficit in the construction sector, a boss of one of Ireland's largest indigenous specialised engineering firms, Ward & Burke, has warned.
A BRITISH company that provides products to construction firms and is also active in Ireland has been accused by the UK's Competition and Markets Authority (CMA) of being involved in a cartel in the UK that sought to reduce competition and inflate prices.
Vestas Investment Management has completed the €145m purchase of Charlemont Exchange in Dublin from Marlet.
THE Central Bank is preparing to appoint a partner to help manage Ireland's deposit guarantee scheme as the UK prepares to leave the EU.
British American Tobacco (BAT), the owner of brands including Dunhill and Camel, is hunting for a new chairman to succeed Irish incumbent, Richard Burrows.
British American Tobacco (BAT), the owner of cigarette brands including Dunhill and Lucky Strike, is hunting for a new chairman to succeed its Irish incumbent, Richard Burrows.
PADDY Power Betfair believes profits from its US division could hit $600m (€532m) within a number of years if more states legalise sports betting.
THE public is being put at risk as some banks and financial services firms flout fitness and probity rules designed to protect them.
THE McMullan family that owns the Maxol forecourt business has no intention of either selling or floating the business, according to CEO Brian Donaldson.
BREXIT and wider global uncertainties are weighing on global passenger demand for air travel, according to the International Air Transport Association (IATA).
Dublin-based aircraft lessor Avolon executed eight lease transactions in the first quarter, and delivered 12 new aircraft to customers, it said in an update yesterday.
People living in Dublin enjoy the greatest level of disposable income with an average of €24,431 - which is 18.4pc higher than the average State figure of €20,638.
One of Hong Kong's biggest property development firms, CK Asset Holdings, is interested in acquiring a stake in Dublin-based aircraft lessor Avolon if a majority holding owned indirectly by Chinese conglomerate HNA is put up for sale.
An appeal by Latvia's Rietumu Banka against an €80m fine levied against it by French authorities for tax avoidance and aggravated money laundering is due to be heard in late September, the bank has confirmed in its newly-published annual report.
People living in Dublin enjoy the greatest level of disposable income with an average of €24,431 - some 18.4pc higher than the average State figure of €20,638.
Building materials giant CRH is considering another buyback after announcing that it has just completed a previously announced scheme to buy back €1bn of shares.
Ryanair pilots in Portugal have voted in favour of a collective-labour agreement that covers the next four years. The move reduces the risks of summer strikes for the carrier.
A strong pipeline of commercial property assets should see investment transactions in the sector in Ireland top €2.1bn this year, according to Knight Frank.
Kenmare Resources managing director Michael Carvill's total remuneration package edged higher to $1.6m (€1.4m) last year as he benefited from increased long-term incentives and basic pay, according to the mining group's annual report.
Shares in Ryanair fell 5pc in early trading after EasyJet warned that the uncertainty over Brexit is resulting weaker demand and increasing softness in ticket yields.
Aer Lingus Regional passengers could have to brace for strike action as cabin crew employed by Stobart Air, which operates the service, ballot for industrial action.
The value of Ireland-linked mergers and acquisition activity plunged in the first three months of the year to just €2.1bn from €20bn in the first quarter of 2018, figures compiled for the Irish Independent reveal.
Irish manufacturers have continued to stockpile inventory as the threat of a no-deal Brexit poses increasing potential challenges to supply lines.
UK financial services group Smith & Williamson is expanding its presence in Ireland, confirming its Dublin office as the hub for its European activities as Brexit nears.
The State is pushing the European Court of Justice to annul a more than 10-year-old decision that saw a tax exemption on mineral oils used at the Aughinish Alumina plant on the Shannon labelled by the European Commission as being illegal state aid.
The Government has still not given the go-ahead for a major, multimillion-euro oil exploratoration drilling programme off the south-west coast by a firm backed by Chinese state company Cnooc and energy giant Exxon Mobil.
The company behind a planned €500m liquefied natural gas (LNG) terminal planned on the Shannon wants to reduce the footprint of the controversial project in a significant move that affects one of the scheme's main elements.
The McKenna family behind the Powercity electrical chain was paid a €3m dividend by the firm during its last financial year, according to accounts for the business just filed at the Companies Registration Office.
Airtricity owner SSE has sold a 25pc stake in the Cloosh Valley wind farm in Co Galway to Greencoat Renewables for €34.5m.
Ryanair's current share price "fails to reflect its structural growth capability and cash generation potential", according to Davy Stockbrokers, the airline's own corporate broker.
Its founder once told the Irish Independent he wanted airfares so cheap "everyone can afford to see the world", but Skúli Mogensen's dream of low-cost long-haul travel came crashing down yesterday as Iceland's Wow Air ceased operations.
Datalex faces the prospect of intense scrutiny from outside agencies, including the Office of the Director of Corporate Enforcement, after it confirmed that "significant accounting irregularities" at the travel software firm were the "underlying cause" for a shock misstatement of revenue and earnings for the first half of 2018.
A huge number of questions remain to be answered by management at Datalex.
Growth in Ireland's property market remains "significantly ahead" of the rest of Europe, according to the European arm of US investment giant Starwood Capital.
Irish companies are the most pessimistic they have been in eight years as Brexit approaches, according a new survey published this morning.
Pre-tax profits at the Irish division of Currys PC World - part of the Dixons Carphone group - soared to €6.5m in its last financial year as the retailer benefited from a stronger economy and a boost from its pre-Christmas 'Black Friday' sales event.
The DAA has been told by Fingal County Council to provide more information about plans to make changes to infrastructure including taxiways planned as part of its €320m runway project at Dublin Airport.
Former Tayto crisps owner Ray Coyle stumped up €4.3m to back the €22m acquisition of Green Isle Foods and Donegal Catch, filings at the Companies Registration Office reveal.
Dalata CEO Pat McCann was last year awarded the highest possible bonus he could receive under his remuneration scheme, bringing his total pay package to €1.51m in the 2018 financial year.
Barclays has continued to finalise the transfer of its mainland European business to Dublin, valuing its French business at €75m and its Italian branch at just €1m.
The ESB expects to almost triple its British retail customer numbers to as many as 100,000 by the end of this year, intensifying its battle for consumers there as its base in its home market continues to be eroded.
Australian investment giant Macquarie Capital has been awarded a €120m contract by the Government to build 534 social housing units as part of the Rebuilding Ireland initiative.
Clare man John Slattery has been named the president and chief executive of the $5.25bn commercial aviation and services joint venture between Boeing and Brazilian jet-maker Embraer.
Inflight Dublin, an Irish tech firm that's one of the world's largest providers of inflight entertainment solutions to airlines, claims that it has lost revenue, potential clients, and suffered "irreparable harm" as a result of allegedly defective servers sold to it by a US firm.
Next time your flight is delayed, think about this: every single minute of that delay is estimated to cost the European economy about €100. That includes everything from extra fuel burn to compensation for passengers. The tally quickly mounts as aircraft endure en-route delays or wait on the tarmac to take off.
Canadian investment giant Brookfield paid $10m (€8.8m) for its 31pc economic interest in Irish telecoms firm Imagine, according to its annual report.
Forecourt retailer Applegreen is reviewing its newly-acquired hotel operation in the UK with all options on the table for the business.
Irish developer Garrett Kelleher has seen a $1.2bn (€1.05bn) case his firm took against the National Asset Management Agency (Nama) dismissed by a US court.
BRITISH and Northern Irish consumers may face extra charges after Brexit for using credit and debit cards in the EU if the UK leaves the bloc without a withdrawal agreement or implementation period.
A UNIT of the Killeen Group - the company founded by the late Tom Mahony and which controls the Toyota and Lexus franchise in Ireland - has been given the go-ahead for a huge car-distribution hub.
Boeing has a big problem on its hands. The stakes - human and financial - are huge.
Irish holidaymakers need to brace for delays to their flights this summer as Europe wrestles with a shortage of air traffic controllers and inevitable strike action.
All Boeing 737 Max aircraft have been suspended from flying within EU airspace, on the orders of the European Union Aviation Safety Agency.
ALL Boeing 737 MAX aircraft have been suspended from flying within EU airspace, the European Union Aviation Safety Agency.
Ryanair chief executive Michael O'Leary said his airline will not rush to judgment after the fatal crash of the Ethiopian Airlines flight, as the Irish carrier prepares to take a delivery of similar jets.
Ryanair chief executive Michael O'Leary said the airline does not plan to take any immediate action following the Ethopian Airlines crash, as the Irish carrier prepares to take a delivery of similar jets, beginning from next month.
The Government should commission an independent report to examine the state of the news media in Ireland given the threats to its financial stability, according to the head of Ireland's largest media buying agency, Core.