BUSINESS - BREAKING NEWS

It’s had a bit of a makeover but, don’t worry, it’s still got snake.

TODAY'S BUSINESS - IRISH EXAMINER

Brexit not to blame for dividend delay, says Bank of Ireland

A decision to delay paying its first dividend since the financial crisis was mainly due to accounting issues surrounding the bank’s pension scheme, and not to do with underlying issues such as Brexit, Bank of Ireland has said.

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Crowds bid final farewell to Cork business ‘legend’ James O’Sullivan

Hundreds of mourners came to bid a final farewell to one of Cork’s most prominent businessmen and philanthropists, James O’Sullivan, yesterday.

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Bord na gCon posts surplus as crowds fall

Bord na gCon has reported a large increase in its operating surplus for 2015, although numbers attending greyhound meetings continued to fall.

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Uber’s legal woes go on with fresh lawsuit

Waymo, the self-driving car company owned by Google’s parent Alphabet, has filed a suit against Uber, accusing it of stealing designs.

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Central Bank governor urges patience over tracker probe

Central Bank governor Philip Lane urged patience with the ongoing tracker mortgage scandal investigation while in Cork yesterday but conceded the public needed more regular updates.

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RSA Ireland targeting return to profit this year

British insurer RSA is targeting a return to profit in its Irish operations this year, after reporting a 61.5% rise in operating losses for 2016.

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British government sells down more shares in Lloyds as AIB decision looms

The British government said yesterday it has further reduced its stake in Lloyds Banking Group, a day after the bank posted its highest profit since before the 2007 to 2009 global financial crisis.

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Naysayers need to take stock of positive employment data

There is now every possibility employment will re-attain 2007 highs over the next couple of years, writes Jim Power.

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Morgan Stanley eyes Ireland move

Morgan Stanley is scouting for office space in Frankfurt and Dublin for an enlarged EU hub following the UK’s vote to leave the political bloc, according to sources. The bank may initially move about 300 workers to one of the cities.

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Could advertisers help real journalism defeat fake news?

Joe Dermody interviews Paul Moran, managing director of Mediaworks marketing and advertising.

This story is enriched with multi-media content

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European Commission seeks reviews of Ireland's low rates of Vat

The European Commission has called on the Government to install “systematic” reviews of all its reduced rates for Vat, such as its low level of tax on hotels and restaurants, and has warned again on the State relying too much on corporate taxes.

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Farmers welcome Glanbia proposal

Farmers have given a cautious welcome to Glanbia’s plan to sell 60% of its Irish dairy business to Glanbia Co-op, creating a new Glanbia Ireland joint venture in a deal worth €112m.

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Aidan Forde, Irish Examiner, and Robert Mulhall, AIB, with Barrie O'Connell and Conor Healy of the Cork Chamber of Commerce. Picture: Jim Coughlan

AIB to appoint Brexit advisors

AIB is to appoint Brexit advisors all around the country as it advised customers not to become complacent about its impact on industry.

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The EU needs cool heads amid increasing uncertainty

The concern of many member states is that the EU is getting too big for its boots, writes Paul Mills.

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No Armageddon, but Brexit will harm the UK economy

The UK economy may be paying for Brexit for a long time to come. 

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Travis Fimmel and Gabriel Byrne in 'Vikings'. The hit TV series is filmed in Co Wicklow.

Ashford Studios submits new €90m planning bid

The Co Wicklow studios where the hit series Vikings, is shot has made a fresh bid for a €90m expansion that would create 1,500 movie-related jobs.

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Sharon Donnery, deputy governor, Central Bank, poured cold water on the idea of 'a new London' in Europe. Picture: RollingNews.ie

Central Bank: Influx of Brexit firms will pose risks

The deputy head of the Central Bank said any influx of financial services firms to Dublin, arising out of Brexit, could pose “a broad range” of risks to the Irish economy.

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UK’s pre-Brexit ‘recovery’ is as illusory as the phoney war

Joe Gill examines the so-called pre-Brexit recovery and whether it was real and impactful or just a figment of our imaginations.

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‘Gentleman’ business leader James O’Sullivan dies of cancer, 58

Tributes have been paid following the death of one of Cork’s most popular businessmen and charity campaigners after a long and brave battle against cancer.

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S&P analyst says there's no financial reason to delay AIB sale

AIB is in sufficiently good financial health for the Government to sell shares in the bank, an S&P Global Ratings analyst has said.

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Kerry Group dismisses talk of selling its consumer foods branch

Kerry Group has dismissed speculation it might sell its consumer food arm by saying it remains “very, very committed” to it and still sees further growth opportunities arising from the division.

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EU finance ministers close corporate tax loophole

EU finance ministers have agreed to close a loophole that allowed multinationals to avoid paying corporate taxes, in part by funnelling profits through Ireland.

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Verizon lowers offer for Yahoo

Verizon Communications has said it would buy Yahoo’s core business for $4.48bn (€4.22bn), lowering its original offer by $350m in the wake of two massive cyber attacks at the internet company.

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MP says any London Stock Exchange move to Germany should be blocked

The UK should block any attempt by Germany to shift the headquarters of the London Stock Exchange to Frankfurt after it merges with rival Deutsche Boerse, an MP has said.

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One third of Irish hotels have new owners since 2011

One third of Irish hotels have changed owners since 2011, including four out of five in Cork City, generating almost €2.5bn in sales, according to a study by property consultants Savills Ireland.

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8% fall in profits to €2.75m at Eddie Irvine's logistics firm

Profits at the logistics group co-owned by former Formula One driver Eddie Irvine fell to £2.33m (€2.75m) last year.

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Green REIT sees Brexit bounce for Dublin market

Green REIT, the publicly-quoted property investment fund, is confident that US companies will remain interested in taking up vacant office space in Ireland, despite potential policy changes by the Trump administration.

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Lenders slammed for tracker mortgage scandal

Banks in Ireland had sought since 2009 to play down the tracker mortgage scandal which has had a “catastrophic” effect on customers, an expert in tracker mortgages has alleged at the Oireachtas Finance Committee.

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German factory Markit's output sees a welcomed boost

Growth in Germany’s private sector picked up in February to reach its highest level in nearly three years, driven by humming factories, a survey showed, pointing to a strong first quarter in Europe’s biggest economy.

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