Business report: The morning business briefing

Here’s a run down of today’s business headlines.

Mon, 16 Mar, 2015 - 00:00

Denise O’Donoghue

NEWS

Ballymaloe relishes listings deal with Tesco

Ballymaloe Country Relish has secured one of the largest listings for an Irish company with Tesco which will see the brand populate the shelves of more than 900 of the retailer’s UK stores.

Ireland to be ‘top earner’ from quantitive easing

Ireland stands to benefit more than any other nation from the ECB’s €1.1 trillion policy of quantitative easing, with hundreds of millions of euro potentially flowing through the economy by next year as a result.

No giveaways in budget, says UK’s Osborne

UK chancellor George Osborne said the budget on Wednesday will offer no giveaways and difficult decisions will still have to be made, as he seeks to drum up support for his Conservative Party before May’s election.

Report missed scale of bank losses

A report on the health of the Irish banking system — commissioned by the financial regulator in 2008 and relied upon by taoiseach Brian Cowen to justify the bank guarantee — drastically underestimated the extent of losses that would be made.

Thousands to protest against austerity at ECB HQ

Thousands of people are expected to march in Frankfurt on Wednesday to protest against austerity policies they blame on the European Central Bank, as the ECB inaugurates its new high-rise headquarters.

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BUSINESS ANALYSIS

Bruising high-stakes game of finances in a low-key arena

A profits warning put paid to Philip Smith’s tenure at the insurer RSA. He claims he had no alternative but to leave, writes Kyran Fitzgerald.

Craft brewer has plenty of bottle

Wicklow Wolf has ambitious export plans to the US after planting 10 acres of hops just two years ago, writes Trish Dromey.

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FARMING

Instalment plan for EU dairy farmers’ €750m superlevy fine

EU dairy farmers will be allowed pay their 2014/15 superlevy bills in three interest-free instalments.

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SMALL BUSINESS

Small Business Column: Teenage entrepreneurs

In this week’s column, Kehlan Kirwan talks with some of the country’s teenage entrepreneurs and says we must avoid putting an age limit on bright ideas.

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