Ireland has seen one of the largest decreases in unemployment across the EU in the year to June.


O’Leary got €5,000 a day after Ryanair hiked bonus

Ryanair boss Michael O’Leary was paid almost €5,000 a day in pay by the airline last year after receiving a 55% increase in bonus pay.


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AIB profits raise state-aid payback hope

AIB’s better-than-forecast pre-tax profit for the first half of the year has increased expectations that it will start paying back the State’s €20bn investment sooner than envisaged.


Nama to sell retail parks portfolio

Nama yesterday put its first retail park portfolio on the market for a guide price of €110m.


Long-haul gains help get Aer Lingus back on target

A near 40% slashing of first-half losses has led Aer Lingus to reinstate original full-year guidance, after having downgraded its forecasts following strike action in May.


400,000 still on dole despite fall-off in welfare claimants

More than 400,000 people remain on the dole despite a drop in the numbers signing on for welfare payments, latest figures show.


Tullow confident about tax ruling

Tullow Oil is confident the Dutch-based International Arbitration Court will overturn a ruling by the Ugandan Tax Appeal Tribunal saying it owes a further $260m in unpaid tax regarding the 2012 farm-out of assets.


Aim to let shares ‘float’ if Ryanair stake diluted

Aer Lingus hopes to use any future dilution of Ryanair’s near 30% stakeholding to significantly boost the number of shares it has in free float.


McKillen ‘totally vindicated’ after magazine apologises for Claridge’s Hotel ‘front man’ slur

Developer Paddy McKillen received an apology in the High Court yesterday from the Spectator magazine over an article it published last March relating to Claridge’s Hotel in London.


Smurfit achieves 79% rise in profits

Packaging group Smurfit Kappa achieved a 79% increase in profits in the first six months of the year compared to the same period of 2013, it was announced yesterday.


Culinary perfection and the return of the Irish Open recognised in awards

The dual return of a prestigious sporting event and hotel, allied to the continued pursuit of culinary perfection were the driving forces behind the success of the Cork Business Awards quarterly winners.


Transparency mantra no more than a mirage

So, were they small steps for a newly-found accountability?


Sharp rise in number of sole-traders a ‘worrying trend for economy’

Half of the 63,000 additional people in work since employment bottomed out in the first half of 2012 are working for themselves and have no paid employees.


Surprise hike in eurozone confidence

Eurozone economic confidence unexpectedly increased in July, led by industry and construction, even as price growth remained anaemic and geopolitical tensions threatened to undermine the currency bloc’s recovery.