BUSINESS - BREAKING NEWS

More people are drinking gin in Ireland than ever before, new research has shown.

TODAY'S BUSINESS - IRISH EXAMINER

Ryanair rehires pilots boss to ‘transform’ rostering

Ryanair has reappointed its previous pilots and punctuality chief to lead what it calls “a significant transformation” in the way it rewards and interacts with its pilots, after the recent rostering problems which led it to cancel more than 2,000 flights in the past six weeks.

More

Eating habits give food for thought to Irish suppliers

A revolution is taking place in the way food is sold and consumed across the world. The traditional system whereby consumers visited large supermarkets, trucked around aisles, and queued at a check-out desk is under extreme pressure.

More

Bank of England governor Mark Carney backs Brexit in stages

Bank of England governor Mark Carney has said a transition agreement for EU withdrawal is in everyone’s interest and said it may be appropriate to raise interest rates as Brexit-fuelled inflation is set to rise further.

More

UK facing food hikes post-Brexit

Britain’s poorest families will face the biggest food price hikes if Brexit happens without the UK reaching a withdrawal deal with the EU, a new report warns.

More

Spain cuts growth outlook

Output will grow by 2.3% next year instead of the 2.6% previously projected, the economy ministry said, citing the impact of the political standoff in Catalonia, which accounts for a fifth of Spain’s gross domestic product, and the related struggle to approve a budget.

More

Export value growth sinks to lowest level this year

Ireland is still expected to generate another record annual trade surplus this year despite new CSO figures showing export value growth sunk to its lowest level of the year in August.

More

Hansard firm posts accumulated profits of €1.5m

New accounts filed by Mr Hansard’s Plateau Records show the artist — who left school at the age of 13 to go busking on Dublin’s Grafton St — was sitting on a cash pile of €1.24m last year.

More

Bombardier surges on Airbus deal

Shares in Bombardier surged after the company ceded control of its slow-selling C Series jet programme to Airbus.

More

Tracker scandal may ensnare ‘up to 30,000’

As many as 30,000 customers could have been overcharged by banks for their tracker mortgages and the costs of provisioning set aside by banks will inevitably rise, according to the financial adviser who first uncovered the scandal.

More

Danone boost on China baby formula

Danone’s sales of baby milk formula in China rose strongly in the third quarter, beating forecasts and sending the French food company’s shares to a record high. 

More

Curragh Racecourse drinks licence granted

The Curragh Racecourse has been guaranteed a new drinks licence for its dining and drinks areas that will be a major feature of its €72m redevelopment of the home of flat racing in Ireland.

More

Microsoft’s quiet response to database hack in 2013

Microsoft’s secret internal database for tracking bugs in its own software was broken into by a highly sophisticated hacking group more than four years ago, according to five former employees, in only the second known breach of such a corporate database.

More

Bombardier may sell assets amid C Series crisis

Bombardier is seeking investors for its aerospace businesses and considering a sale of some operations, according to sources, as a turnaround plan at the Canadian aircraft-maker faces pressure from potentially crippling US tariffs on its marquee jetliner.

More

Peugeot to cut 400 jobs in UK

PSA Group, the French carmaker which owns the Peugeot, Citroen, Vauxhall, and Opel brands, plans to cut 400 jobs at a UK plant in Ellesmere Port to adapt production to falling sales.

More

Irish Odeon cinemas firm makes profit of €1.2m

Sales at the Irish arm of the Odeon cinema chain fell last year, despite movie draws that included Bridget Jones’s Baby, Finding Dory, and The Secret Life of Pets.

More

Brexit no deal ‘would hit sterling’

The EU is likely to confirm this week that Brexit talks have not made sufficient progress to move onto discussions about a future trading relationship, though the UK will be hoping it will consider a two-year transition period.

More

Imports dent eurozone trade surplus

The eurozone’s trade surplus shrank in August as the stronger euro fuelled an import boom that was only partly offset by a rise in exports, official estimates showed yesterday.

More

Vets highlight benefits of risk assessments

Only 25% of sheep farmers are meeting their lamb survival targets, according to a study of 100 sheep farmers in Co Galway.

More

China offers to buy 5% stake in Saudi oil giant

China is offering to buy up to 5% of Saudi Aramco directly, in a move that could give Saudi Arabia the flexibility to consider various options for its plan to float the world’s biggest oil producer on the stock market.

More

Housing supply problem could be fixed by 2019

After slowing to 5.5% in June 2016, annual house price inflation has been on a strong upward trend since then.

More

Employers are sitting ducks when it comes to PRSI

Funding for education budget documents contain more than their fair share of fine print. Buried deep in the announcements last week was the detail of a 0.1 percentage point change in employers PRSI contributions.

More

Training the long-term unemployed taking centre stage

With a shortage of key skills threatening to derail plans to ramp up Ireland’s housing output, initiatives to tackle long-term unemployment are taking centre stage, writes Kyran Fitzgerald

More

Room swap a novel solution to ease rental crisis

An Irish room swap startup offers a novel solution to student bed shortages, writes Ruth Doris

More

The Monday Interview: Karl O'Connor, owner, The Nightmare Realm

Thousands will pay to be terrified over the coming weeks in Cork and Dublin when they enter the Nightmare Realm, a smash hit that had a scary business start. Pádraig Hoare speaks to owner Karl O’Connor

More

Brexit ‘gamechanger’ on nuclear plan

Of all the international regulatory challenges created by the UK’s impending departure from the EU, the atomic-energy industry may best encapsulate the decision’s bottom-line effect: More bureaucracy and costs for a country that has long fought to curb both within the EU.

More

EU Vat reforms will harm all exporting firms

In a move to modernise the cross-border regime for collecting sales taxes, the European Commission has proposed extensive reform of the sales tax Vat system, which could have an unintended consequence for Ireland’s export industry.

More

ECB confident amid ‘robust’ growth

With the ECB’s next policy update less than two weeks away, the institution’s top officials are expressing confidence that they will eventually succeed in returning inflation to their goal.

More

Profits soar at Ringaskiddy incinerator bidder

The Belgian company seeking planning permission for a new €173m incinerator at Ringaskiddy in Co Cork last year increased its pre-tax profits by 10% to €11m.

More

Green light for Denis O’Brien development

An Bord Pleanála has given the green light to a Denis O’Brien-backed company to construct a €50m luxury apartment complex in Donnybrook, Dublin 4 — in spite of strong opposition from local residents.

More

Volatile sterling swings on Brexit talks fears

Sterling swung between gains and losses yesterday, whipsawed by headlines surrounding the status of the UK’s eventual exit from the EU.

More