- Jury out on Sarkozy's business revolutionFrance is divided over whether measures to foster a new spirit of enterprise are a success, writes RUADHAN Mac CORMAIC Paris Correspondent
- From forests to France: Longford timber firm gains valuable French contractTHE RAPID downturn in the Irish construction industry was the catalyst for timber-processing firm Glennon Brothers to make a profitable entry to the French market this year.
- Hanging up his briefcaseTHE FRIDAY INTERVIEW/Tony O'Brien, former chairman of C&C: IT WAS A warm and humid on the day Tony O’Brien (73) agreed to meet in a Dublin hotel to be interviewed about his long career at the top echelon of Irish business. “Good cider weather,” he said soon after we met.
- It is far from perfect but leaving the euro is not an optionECONOMICS: The euro may have been an over-ambitious undertaking but moving to a new currency would be a bridge too far, writes DAN O'BRIEN
- Planet businessLAURA SLATTERY peruses the week in business
- One More ThingMcKillen's Maybourne 'inundated' with interest' Caterpillar nervously waits for deal; Anglo appointments show Corporate Ireland still fishing in same small pond
- Multi-tasking businessman linking Ireland and SpainWILD GEESE: Joe Haslam : Consultant; professor at IE, Spain's top business school
- Feedb@ckLAST WEEK: We asked: Do you think that the investigations into Anglo Irish Bank will lead to criminal prosecutions?
- The breakfast clubFRIDAY INTERVIEW: WE ARE in “the era of the ‘and’,” according to Tim Mobsby, Dublin-based president of Kellogg Europe. “The expectations keep ratcheting up. You have to do the basics, and then you have to that and that and that,” he says, moving his hand up a notch in the air for each expectation.
- Tangled tale of how mysterious machinations of Quinn and Anglo helped seal each other's fatesA gradual series of facilities extended to Quinn left the family owing Anglo €2.8bn, writes SIMON CARSWELL Finance Correspondent
- Growth looks likely to be lower than budget predictionsECONOMICS: The upturn has been stronger than expected, resulting in a recent spate of upward revisions to growth forecasts, writes PAT McARDLE
- Planet businessBy LAURA SLATTERY
- Coke chief sees potential for Irish in GermanyWILDGEESE: Damien Gammell Chief executive officer, Coca-Cola Germany: FOR DAMIAN Gammell, summer time is Coke time. With the mercury nearing 40 degrees, the Greystones native is a happy, thirsty man as he settles down for lunch in central Berlin.
- Ombudsman's growing backlogTHE BUREAU of the Financial Services Ombudsman has been flooded with work in thelast two years, as complaints relating to soured investments and problematic insurance products soared.
- We would do well to act on IMF official's adviceA WEEK ago today, Ashoka Mody of the International Monetary Fund published an article in this newspaper.
- Ryan confirms plans to switch from analogue to digital TVOverflowing in-trays at the Financial Ombudsman’s office; Ashoka Mody’s advice; the big switch to digital TV; more on One51; the age of Craig Donaldson
- OpenHydro 'a cracking little company', says backer One51WEDNESDAY’S One51 agm had more divisions than the US army, but on one point the investment group’s supremo Philip Lynch and dissident shareholders appeared united: green energy specialists OpenHydro.
- 'No stupid bank rules' as Metro opens London branchCRAIG DONALDSON, the chief executive of Metro Bank, the first high street bank to open in Britain for more than a century, says he sees himself “as a retailer who is a banker”. Now where have we heard something like that before?
- In rude healthFRIDAY INTERVIEW: Richard J Meelia, chairman, Covidien plc: LOOKING OUT the window of the restaurant at Covidien’s new customer support centre, the scene is one of a half-completed building site, with deep pits half-filled with water.
- Engine of indigenous industry never fired during boom yearsECONOMICS: Ireland will continue to depend on importing entrepreneurialism in the form of foreign direct investment, writes DAN O'BRIEN
- State may rely heavily on 'common good' defencePaddy McKillen has a high mountain to climb in his legal challengeto Nama, writes CAROL COULTER Legal Affairs Editor
- Planet businessBy
LAURA SLATTERY
- Stakes could not be higher as Nama is put to the testA legal challenge to Nama by developer Paddy McKillen could derail the engine designed to pull the banks out of crisis
- Supply under pressure as water now dearer than oilWater for human consumption costs $100 a barrel. A barrel of oil trades at $75, writes BARRY O'HALLORAN
- Doing the business in truffles and soundWILD GEESE: PETER CLEARY General Manager of Eissound, Spain; SOON AFTER I met Peter Cleary we were plodding up a snow-covered hillside near Soria, north of Madrid, as a small mongrel dog searched for truffles. It wasn’t a particularly successful truffle hunt because the ground was too frozen for the poor animal to smell the underground tuber, and then too hard to dig them out.
- O'Leary's hard bargaining in search for PR firmMICHAEL O’LEARY drives a hard bargain whenever he is doing business for Ryanair, including what he pays for its public relations advice.
- Any Covanta change of tack may be too late for GormleyTHE WAR of words between the Government and listed waste-to-energy company Covanta over the controversial Poolbeg incinerator in Ringsend, Dublin, continued yesterday.
- SAS up early to pursue 'serious potential' hereSCANDINAVIAN AIRLINE SAS is considering expanding its services from Dublin airport this winter. It has already decided to add two flights a week on its route to Stockholm to meet demand.
- T2 arrives with a lot of baggageI HAD my first tour of the new Terminal 2 at Dublin airport this week. It’s an impressive building and a big step up on the facilities in the existing terminal.
- Little thingsIT’S BEEN another good week for financier Dómhnal Slattery. On Tuesday, he sealed a deal with Boeing for 12 737 jets with a list price of $920 million (€713 million), for his aircraft leasing business Avolon.
- Pump up the volumeTHE FRIDAY INTERVIEW: Ray O'Sullivan, managing director of Great Gas
- Plan sows seeds for agricultural recoveryNew policy document is set to propose central role for agri-food sector in economy, writes SUZANNE LYNCH
- Bringing the lessons of Lehmans closer to homeThe liquidators of the failed US investment bank have turned their sights on Nama, writes Simon Carswell , Finance Correspondent
- IMF changes its tune on banking transgressionsECONOMICS: The fund’s analysis reveals its shift from advocating bigger financial systems toa wariness of them, writes DAN O'BRIEN
- Planet BusinessLAURA SLATTERY looks back at the week in business
- Consultant welds Irish touch to German rigourWILD GEESE: Ann Dempsey, MD of Riverland consultancy firm, Germany
- One more thingFitzpatrick's habits come out in the wash; Indian bank bats lashes at Ireland; Anglo on recruitment mission abroad; shake-up for service stations
- Feed b@ckLAST WEEK: We asked: Can Nama trust the banks?
- Off his own BattTHE FRIDAYINTERVIEW: Batt O'Keeffe, Minister for Enterprise, Trade and Innovation
- Eight months a long time as reality bites for NamaGiven the deterioration of the loanbook, we must ask whether the banks knew the situation, or were economical with the truth, writes SIMON CARSWELL
- Department's role in banking crisis must face scrutinyAnglo board minutes in 2008 show tension with the department over Seán FitzPatrick’s loans, writes SIMON CARSWELL
- Consensus on monetary tightening could change fastECONOMICS: Any agreement among policymakers can be very fragile given today’s new economic uncertainties, writes DAN O'BRIEN
- Building a new life under Table MountainWILD GEESE: EMIGRANT BUSINESS LEADERS ON OPPORTUNITIES ABROAD: Martin Kearns, chief executive of property company Eurocape
- One more thingO'Leary sees red over 'white elephant'; mobile mast dispute goes to arbitration; shape of things to come for Blue Cube; sporting Lions in the dock
- Feed b@ckLAST WEEK We asked: Is VHI scaremongering about the future price of health insurance? There were 1,511 responses.
- Walsh determined to keep beleaguered BA in the airChief executive focuses on the long term and insists industrial unrest won’t ground the airline, writes SIMON CARSWELL
- O'Regan fights to hold on to MorrisonHugh O’Regan is linked to firms which own and operate the Morrison Hotel, writes COLM KEENA
- Taking the direct approachTHE FRIDAY INTERVIEW/Maura Quinn, IoD chief executive: THE STINK of Irish corporate scandals was still a faint whiff in April 2008 when Maura Quinn, former head of Unicef in Ireland, took up her post as chief executive of the Institute of Directors (IoD).
- Planet businessLAURA SLATTERY peruses the week in business
- Even if it comes to a bailout, corporation tax rate is here to stayECONOMICS: While Ireland’s low rate is resented by some in Europe, an EU-wide tax rate has never been a real possibility, writes DAN O'BRIEN
- White House urges G20 leaders to keep global recovery on trackGovernments meeting this weekend for Group of 20 gathering warned of risk of ‘protracted stagnation’
- EU to discuss toughening safety rules for offshore oil drillingTHE EU Commission is meeting oil industry representatives today to discuss toughening regulations and safety standards for drilling.
- BP leaking cash as oil spill harms reputationAnalysts' estimates of the potential cost of the Gulf of Mexico oil spill range from $29 billion to $63 billion, writes NIALL STANAGE in New York
- Smooth operatorTHE FRIDAY INTERVIEW/Graham Sutherland, BT Ireland chief executive: IT’S A good start by any standard. Less than six weeks after Graham Sutherland took over the role of chief executive of BT Ireland, the company announced a multimillion-euro deal with UPC, which will see BT provide UPC with access to its next-generation network, allowing the rival cable provider to provide upgraded services to six regional centres.
- Maze of financial regulation may distort competitionECONOMICS: Banks believe proposed regulatory reforms could lower economic growth and lead to 10 million jobs being lost, writes PAT McARDLE
- Planet business LAURA SLATTERY peruses all things business
- Challenging timesTHE FRIDAY INTERVIEW: Chris Martin, chief executive of Musgrave
- Bankers will have less of a say in next Basel dealECONOMICS: Basel II failed because it led to a relaxation of capital minimums when the opposite would have been more appropriate, writes PAT McARDLE
- The pain in Spain as tough action kicks inThree-way talks in Spain between the government, employers and the unions have failed to reach a consensus, writes JANE WALKER in Madrid
- Bank debt set to force Madrid into bailoutEuropean officials may be set to receive a request from Spain for major funding, writes HONOR MAHONY
- Irish out to make their mark at Shanghai Expo and across ChinaSince May 1st, the Shanghai Expo has attracted more than 15 million visitors, writes JOHN COLLINS in Shanghai, China
- Where next for the ratings agencies?Rating agencies must get their houses in order while waiting to see how regulators and investors will ultimately rate them, writes FIONA REDDAN
- BP a long way from knowing full cost of spillPresident Obama says the $20 billion figure is not a cap on BP’s potential liability, write ED CROOKS in London and STEPHANIE KIRCHGAESSNER in Washington
- Planet BusinessLAURA SLATTERY looks back at the week in business
- One more thingEtihad expands in Dublin; Patrick Honohan on the differences between economists and regulators; Bunworth bids farewell
- Bullish about Romania and opportunities thereWILD GEESE: John Aston, CEO AstonEco Management, Romania
- Feedb@ckLAST WEEK: We asked: Do you believe the revamped Central Bank under Patrick Honohan will deliver effective regulation?
- Carr steering MazarsTHE FRIDAY INTERVIEW: Joe Carr, Irish managing partner at accountancy firm Mazars THROUGH HIS position on the international board of accountancy firm Mazars, Irish managing partner Joe Carr used to find himself being quizzed about what was going on in Ireland during the property bubble years.
- Honohan highlights failure to act in national interestECONOMICS: The banking report makes depressing reading but it is impressive and honest in tone and content
- Different game plan needed in AfricaGarrett KillileaWILDGEESE - EMIGRANT BUSINESS LEADERS ON OPPORTUNITIES ABROAD Garrett Lillilea, Founder of Harare-based civil engineering firm Lamont Engineering
A SIX-MONTH troubleshooting stint on a water supply project in Lusaka, Zambia, has developed into a 37-year civil engineering career across sub-Saharan Africa for Galway man Garrett Killilea. - Setanta continues to get back onside with new mobile dealSETANTA SPORTS has secured the mobile rights for Ireland to English Premier League games for the next three seasons.
- Walsh waves goodbye to £335,000 annual bonusWHILE MICHAEL O’Leary gets ready to land a €20 million windfall from Ryanair’s decision to return surplus cash to shareholders in October, fellow Irish airline boss Willie Walsh has handed back his bonus to British Airways. It emerged this week that Walsh waived a £335,000 (€406,000) bonus for the year ended March 31st. That’s the third year in a row that Willie has not received a bonus.
- Digicel may have a telecoms battle to fight in HaitiDENIS O’BRIEN’S Digicel is set to get a heavyweight telecoms competitor in the impoverished Caribbean state of Haiti.
- Little ThingsIRELAND WON’T be part of the World Cup in South Africa when it kicks off this afternoon but Irish-owned Cubic Telecom is eyeing a business opportunity selling cut-rate phone calls to Europeans at the month-long football-fest.
- Casey puts his caseFED UP with waiting around for gardaí and the Office of the Director of Corporate Enforcement (ODCE) to interview him about the flattering €7 billion circular deposits between Irish Life Permanent and Anglo Irish Bank in the run-up to the latter’s nationalisation, former ILP boss Denis Casey last week sought to move matters along.
- New DAA chief has central roleWITH TERMINAL 2 slated to open in November, the Dublin Airport Authority has introduced a new reporting structure for its various airport assets.
- Liberty's leading lightTHEFRIDAY INTERVIEW: Ted Kelly, chairman, chief executive and president of Liberty Mutual.
- High-flyers may land in NamaSIMON CARSWELL, GRETCHEN FRIEMANN and SUZANNE LYNCH look at some of the names who may shortly become the next clients of Nama
- A good chance euro zone will survive and thriveECONOMICS: Better co-ordination of economic policy and a €750 billion bailout should be enough to rescue the euro zone, writes BRENDAN LYNCH
- Planet BusinessLAURA SLATTERY rounds up the week in business
- Hard work never goes out of fashionWILD GEESE: EMIGRANT BUSINESS LEADERS ON OPPORTUNITIES ABROAD: Helen Kennedy Lambert: Owner and managing director of Paris-based Lambert & Associates
- One more thingSwan liqueur looks to raise €1m; betting firm back in the black; Citylink’s one million passengers; Ryanair’s dividend
Dublin Today »
| Company | Latest Price € | % Change |
|---|---|---|
| DATALEX PLC | 0.13 | 8.33 |
| UTV MEDIA PLC | 1.54 | 6.94 |
| PROVIDENCE RESOURCES PLC - ESM | 2 | 2.56 |
| AER LINGUS GROUP PLC | 0.91 | -6.19 |
| KENMARE RESOURCES PLC | 0.17 | -8.11 |
| BOUNDARY CAPITAL PLC - ESM | 0.01 | -33.33 |
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