Publication
Aer Lingus ‘not going to have a future’ if it doesn’t slash costs, warns Walsh
Aer Lingus won’t have a future unless it can slash its cost base and become more efficient, its former boss, Willie Walsh, has warned. Walsh, who as chief executive of IAG oversaw the €1.5bn acquisition of Aer Lingus in 2015, has predicted that the...
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Ex-Ervia boss Quinn in line for big payday in Doncasters’ US flotation
Mike Quinn, the former boss of Ervia, the semi-state company that previously owned Irish Water and Gas Networks Ireland, is in line for a substantial payday as the UK-based aerospace firm Doncasters advances plans for a US stock market...
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Dublin to US airfares could rise by €75 as EU weighs carbon taxes
Aer Lingus and Ryanair could be hit with tens of millions of euros in extra environmental charges if the EU expands its carbon tax system for airlines. And it could be the already hardpressed consumers who will foot the higher bills. A revised system...
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IRFU leapfrogs sporting rival GAA in public reputation survey
Irish rugby’s governing body, the IRFU, has bounded past other sporting bodies, including the GAA and FAI, with a reputational score almost as good as the credit union movement. The annual Ireland Reputation Index (IRI), published by The Reputations...
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Optometrists to sue State for €100m over rates paid for ‘free eye tests’
The Department of Social Protection is being targeted with what could be a more than €100m damages claim by independent optometrists, who are challenging the amount the Government pays them for performing eye-tests under the Treatment Benefit...
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Oil prices fall, but we face a long wait for supplies to be fully restored
Even if a lasting peace deal is struck between Iran and the US this week, it will be months before oil shipped through the Strait of Hormuz reaches European refineries – and potentially years before global output of finished fuel returns to pre-war...
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EU regulation may force tech giant to reduce investment, says Apple VP
A senior Apple executive has said European regulation may force the tech giant to reduce its investment in European operations. Apple’s largest European base is in Cork, where it employs 6,000 people. Speaking to the Irish Independent, Apple’s global...
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Portugal’s media watchdog to probe contract with NewsWhip
A contract that the Irish-founded company NewsWhip has signed with the government of Portugal is being investigated by the country’s media watchdog, following claims that its technology will be used to monitor journalists. Opposition parties and trade...
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BP veteran Delaney tapped for €4m top job at Austrian oil firm
Dublin-born BP executive Emma Delaney is set to become the first female chief executive officer at Austrian oil, gas and chemicals company OMV. The Vienna-headquartered company employs 22,000 people and had revenues of €24bn last year. Ms Delaney will...
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Shares surge and threat of ECB rate hike fades as war on hold
Bets that the European Central Bank (ECB) will hike interest rates this month were slashed yesterday, as oil prices fell on the prospect of an end to the US war in the Middle East and share prices surged. Money markets that were predicting a potential...
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Central Bank issues revised 2.9pc inflation forecast after oil shocks
The Central Bank (CBI) has revised up its forecast for inflation this year to 2.9pc, due to the higher oil and gas prices that are being driven by the ongoing war in the Middle East. A more severe energy shock scenario could see inflation going over...
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Tax breaks for ‘tech talent’ may be needed for Ireland’s future growth
Ireland should consider using personal tax policy to attract tech “superstars” and entrepreneurs from abroad to set up here, just as tax breaks were used to lure multinationals, according to a report by former government adviser Alan Ahearne...
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Up to 1,000 firms a week targeted for involuntary strike-off
As many as 1,000 companies a week are to be targeted with potential strikeoff action by the Companies Registration Office (CRO) for failing to file their annual returns on time. It marks an intense acceleration of dealing with errant companies as the...
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