Sponsored Irish firm on track to saving €200,000 per year with the help of PV GenerationWhen PV Generation, a leading commercial solar installer, set to work on an ambitious 1-Megawatt solar system for a company on the coastal edge of Little Island in Co Cork, they had no doubt around the benefits it would reap for its new owners
Movers and shakers Movers and shakers: AIB, Lidl, Pepper Advantage, CollenYour weekly definitive guide from the Business Post team of the biggest moves in corporate Ireland
Commercial Property Mark Anthony Brands grows presence with One Charlemont Square leaseThe alcoholic drinks company, which owns Glendalough Whiskey, will make the Dublin 2 space its EU headquarters
Residential Extended East Wall four-bed with parking guides €595,000Located convenient to the city centre, the Port Tunnel and East Link Bridge, Crescent Gardens comes with a gorgeous, sunny rear garden oasis
Commercial Property Hotels take the spotlight as CRE industry rebounds and gears up for a busy second half of 2024Following a slow start to the year, the commercial real estate sector took off in Q2 with green shoots showing in the office sector too.
Residential Just what the doctor ordered: period delight on the River EskeVictorian gem, Invereske comes to market with panoramic Donegal Bay views for €695,000
Residential Cut-stone gem in Carlow with AMV under €700k This imposing Victorian home offers six bedrooms with the flexibility for more and retains many of its original features
Markets Market Wrap: Fed-friendly data encourages market rotationUS personal consumption expenditure price index was tame in June
Sponsored Nostra: Taking out the blindspots in securityWith cyber incidents happening more frequently, CEOs seek ways to ensure their organisations are safe and shielded from peril
UK Labour goes quiet on Northern Ireland investment zone in potential blow to border businessesNew UK government has so far refused to give its full backing to the policy
Companies Industrial relations troubleshooter appointed chair of An Post A former FBD finance chief and an-ex Symantec exec were also appointed to An Post’s board
Live News Live News: ‘Unfair’ to nominate second commissioner; Emerging market stocks dragged down in tech rout Bite-sized servings of the latest in business, tech and current affairs
Energy DP Energy gets green light for $450 million Canadian solar farmProject will be the largest urban solar plant in North America, the Cork-based firm said
Telecoms Revenues slide at Virgin Media IrelandNumber of premises that can avail of Virgin’s services rises on back of deal with National Broadband Ireland
News Meet the luxury Irish travel agent helping tourists take cool-cationsThe Condé Nast travel specialist said high spending tourists are avoiding heatwaves in Europe to come to Ireland
Luxury news Hermès defies luxury downturn with strong sales growthThe continued demand for their Kelly and Birkin handbags is driving growth and bucking the trend in other luxury houses
Media Streamer Peacock banks on successful Paris Olympics as it prepares to show off to the worldThe streaming platform, owned by NBCUniversal, needs a successful Olympics to boost subscriber numbers - and keep them around afterwards
Technology JP Morgan introduces AI tool as internal ‘research analyst’Product doesn’t contain specific asset and wealth-management division knowledge and is meant for general-purpose productivity
Connected Newsletter Connected newsletter: Data centre energy use surges as EU scale-ups trail US peers Connected at the Business Post is your source for the news that matters in technology and innovation, all told from an Irish perspective
Artificial Intelligence OpenAI reveals new Google search competitor Shares in Google down 3% as ChatGPT parent unveils new search feature in direct challenge to the tech giant
Markets From Walmart to Burberry, Ryanair to Porsche, the end of revenge spending is hitting bottom linesCautious post-pandemic consumers are causing headaches across a wide span of sectors, from supermarkets and airlines to washing machines and luxury cars
Shopping 11 pre-autumn drops you should buy right nowFrom sleeveless jackets to studded mules, these pieces are designed to catch the end of the summer rays and transition you into the autumn trends in equal measure
Investment Private equity investors want more clarity on the use of net asset value loansA group representing limited partners say their members are being left in the dark about the practice, which sees firms borrow against funds’ assets
Making it Work Irish AI firm Brightbeam aims for US entry by end of this yearThe company helps businesses make better use of AI, finding ways to adapt it for use in their processes
Dublin Poolbeg chimneys to be maintained and repaintedThe official decision by ESB comes after years of investigations and concerns over the structural integrity of the towers
Letter From America Marion McKeone: Has Kamala Harris learned the lessons of her ill-fated 2019 presidential campaign?The current US vice president seemed destined for greatness when she first appeared on the political scene, but faces a brutal campaign for the White House
Top Jobs Top Jobs: Newstalk, Davy, Barclays, Match, IntiveIn a weekly update for Business Post subscribers, Fionn Thompson presents the best jobs on offer in Irish industry
Companies Bonuses linked to diversity & inclusion are being challenged. Where do Irish companies stand?Companies have faced criticism that targets linked to diversity and inclusion are inflating bonuses
News Beauty business South William Clinic to invest €1m in new branch in KildareThe firm, which was set up in 2016, currently has three clinics in Dublin
Construction Commercial construction prices flatline at 1.5 per cent The SCSI said that the annual rate of inflation has halved to 3 per cent from 6.2 per cent this time last year
Banking Why Revolut’s UK banking licence is good timing for its growing Irish ambitionsAfter a three-and-a-half year wait, the fintech finally got the green light from British regulators this week. We assess the implications of the news on both sides of the Irish Sea
Transport Government reveals locations of 131 new electric vehicle charging pointsThe new chargers will be located in 17 pools around the country, with Galway and Meath getting three pools each
Planning Local authority plans ‘clearly designed’ to block wind farms – Wind Energy IrelandLocal authorities zoning land slated for wind farm developments is driving the number of planning rejections, according to the industry body
EU McGrath doing his homework for ‘when call comes’ on EU job The former finance minister was in Brussels this week for meetings with MEPs, commissioners and Irish officials, ahead of his formal nomination
Markets Market wrap: US GDP data halts market routUS economic growth accelerated by more than forecast in the second quarter
Media RTÉ will need legislation to disclose presenters’ outside earnings, Bakhurst concedesIn an interview with the Business Post, Bakhurst said he was disappointed discussed the obstacles to publishing presenters full earnings and the government’s new hybrid funding model
Legal Leading barrister Nessa Cahill nominated as High Court judge by governmentCahill has specialised in commercial litigation, judicial review and regulatory proceedings in her practice
Aviation Berlin court rules in favour of Ryanair in eDreams actionThe German court found eDreams payment ‘service fee’ was excessive and therefore unlawful
Transport Dublin city centre transport plan to go ahead next monthRetailers and business lobby groups had grown increasingly vocal in recent weeks leading to a stand-off with the city council
Tax Tom Maguire: Running the rule over the Tax Strategy Group’s papersThere is much to ponder in the latest set of papers from the group
Companies Ardagh Metal Packaging posts $10 million loss in first half of 2024 Oliver Graham, the CEO of AMP, said that strong input cost recovery and lower plant operating costs had driven its adjusted Ebitda growth
Dining Out Restaurant Review: A superb salad and the perfect sweet treat at Orso in CorkFriendly locals and tasty food make for an impressive quick lunch in the city
Pensions Iseq firms see defined benefit pension schemes return to surplusA new analysis from Mercer estimated the surplus at over €1.1 billion last year
Tech Analysis: Is Amazon about to return cash to shareholders?The e-commerce giant is cash-rich but stingy compared with the rest of big tech, in rewarding its backers
Markets Signs of ‘slow recovery’ in European M&A sector Signs of monetary easing are starting to materialise in Europe, with M&A deal values bouncing by almost one fifth
Live News Live News: US economy grows more than expected; Apartment completions slide 15%Bite-sized servings of the latest in business, tech and current affairs
Legal Denis O’Brien seeks urgent details of Meta users behind fake ads to avoid claims being out of timeBusinessman sued Meta earlier this month alleging that adverts to promote ‘dubious financial schemes including cryptocurrency investments’ featured his name and image
Commercial Property Planning body undercuts de facto ban on Dublin hotels with Capel Street approvalAn Bord Pleanála has overturned Dublin City Council’s decision to refuse plans for an eight-storey hotel on Capel Street
Economy Analysis: Ireland’s competitiveness is under threat. How can it be protected?Three trends threaten to kill our economic competitiveness - but we can mitigate their impact
Tech Tánaiste says fake online ads using his name originated from Belarus and RussiaMicheál Martin is seeking further clarity from Google after securing High Court order to disclose information on the fake ads last year
Luxury Hotels London’s Cambridge House to go from royal hangout to luxe hotelCambridge House in London, once home to a prince and a prime minister, will be Mayfair’s newest luxury hotel and members club starting next year
EU Gender will be an ‘important factor’ in commissioner choice, McGuinness saysUrsula von der Leyen sent a letter to EU governments on Thursday requesting male and female nominees, despite Ireland only nominating Michael McGrath
MedTech Nasdaq-listed Icon revises full-year outlook Revised guidance comes on the back of the strengthening dollar and takes into account delayed starts to Covid vaccine-related trials
Legal Final report into INM governance scandal to be published next weekMr Justice Garrett Simons received a copy of the report from one of the inspectors appointed by the High Court in 2018 today
Banking Davy has upped share price targets for AIB and PTSB - here’s why Stockbroker has offered upbeat assessment of lenders’ prospects ahead of half-year results
UK Revealed: The Irish firms that could benefit under Keir Starmer’s Labour governmentThe UK is a key market for Irish firms, with construction and green industries tipped to see gains under Labour
Crypto Coinbase fined £3.5m in UK for ‘high risk’ customer onboardingCompany “repeatedly broken” voluntary agreement by providing services to high risk customers, regulator says
Tech Jobs Top Tech Jobs: Notion, Microsoft, Loci, Zurich and RehabEach week, our team presents Business Post subscribers with a selection of positions available in the tech sector
Banking AIB apologises after breaking UK competition rulesAIB has been named among four major banks that failed to make available the correct data on products or services.
Pharma Viatris to wipe 200 Cork jobs as it closes Little Island facility Tánaiste has said that the government’s “first priority” is with the workers at the plant
Media Record taxpayer funding likely to continue to 2029, says RTÉ chief The director-general said that investments will be made in RTÉ Player and new building
Ask Layla Ask Layla: I broke up with my boyfriend because of patronising behaviour, was I right?You wanted respect and recognition from your boyfriend for your contribution to the relationship. He was unable to give that to you
Retail Firm behind Dundrum and Ilac centres suffers £50 million blow to Irish portfolio Rents at the Hammerson’s Irish shopping centres declined during the first half of the year
Companies Irish marketing agency Ebow to double headcountEbow has sold a majority stake to Prosper², the UK-based business membership club
News Bord Gáis’ half-year profits top €51 millionResults place the company back in the black after a troubled few years of tumultuous energy prices
Fintech Revolut secures long-awaited British banking licence Banking license will soon enable Revolut to provide overdrafts, loans and savings products to its more than 9 million UK customers
Markets European equities feel ripples of Wall Street tech sell off Stocks Fall as AI Selloff Goes Global, Yen Surges
Companies Nestlé downgrades sales forecast as price hikes ease World’s biggest food firm has struggled to win back market share after inflation pushed shoppers to cheaper brands
Markets Worst day since 2002 as Wall Street gets AI reality checkInvestors are turning away from megacap companies to smaller ones as concerns grow about over investment in new technologies
Life Anton Savage: Is there anything more enjoyable than a long, slow think?Warren Buffett insists on a portion of every day being set aside to just sit and think; we should all follow his lead
Life Seven Days: The people, places and products on our radar this weekFood from Wexford, a new Irish lip product and a spectacular hotel terrace have all caught our eye
Trade ‘Tit-for-tat protectionism’ between US and China would damage Ireland, senior officials warnDepartment of finance officials warned the minister about a series of risks to the economy
Companies Grant Thornton crossroads: Three paths lay ahead of Irish partners. Here’s how they might play out Grant Thornton’s Irish partners face a big call on the future of a company that has grown ‘gangbusters’ in recent years
Fashion Meet the ex-AIB and Google workers launching luxury fashion rental start-upsVictoria Beckham, Halston and Rixo are among the brands on offer to rent from a range of fashion rental firms
Companies ‘Six or seven million quid for my shares? That’s bloody good’: Cathal Friel on selling Hvivo stakeOn top of growing the value of a company, Friel said his ‘core skill’ was in picking the right executives to lead public companies beyond his involvement
Politics Juries to be abolished and Slapps curtailed under government’s new defamation billThe Defamation (Amendment) Bill 2024 attempts to reduce legal costs while also penalising those found to have initiated a SLAPP case
Media ‘A reward for inefficiency and bad practice’ - Virgin Media Television hits out at RTÉ funding planThe commercial station’s boss said she was ‘extremely disappointed’ by the government’s decision not to recognise its years of delivering public service content
Media Ian Guider: The government’s RTÉ funding plan is both a damaging missed opportunity and a cop-outPoliticians will be happy to have the issue off their desk for now but it won’t be long before it comes back to haunt the political system and public service media outlets
Fashion News Irish designer JW Anderson’s Loewe label named hottest brand in the worldThe Magherafelt-born creative director has overtaken Miu Miu and Prada to reclaim the coveted title
John Maguire on Film: It may be heartfelt, but I Saw The TV Glow never quite hits the markWriter and director Jane Schoenbrun’s follow-up to We’re All Going to the World’s Fair doesn’t have the impact of her debut
Wine Mick O’Connell’s Four Corkers: Why aligoté is no longer the poor relation in BurgundyA new generation of winemaker are focusing on this grape in its own right, with stunning results
Health Primary Health Properties ‘encouraged by political landscape’ as numerous HSE projects re-tenderedMark Davies, the new chief executive of the investor, said he had visited Ireland twice since his appointment in April
Markets Markets Wrap: Investors worry of ‘so-so’ year for once magnificent 7Global stocks got hammered after disappointing results from both Alphabet and Tesla
Motoring Renault takes aim at premium players with new RafaleA new coupe-SUV aims to take on the German premium brands, but does it have what it takes to compete?
Markets Is LVMH falling from grace? Its Irish operation would suggest otherwiseLuxury giant missed the mark in Q2, rattling markets. But its European arm offers some hope
Music Gig of the Week: Flawless vocals and friendly chats make for a glorious evening with Paloma FaithThe Londoner is on top form as she marks her 43rd birthday on stage in Dublin
Life Eithne Shortall: My seven point plan for getting through our rainy summerMore books, more walks and some silly little treats will keep me and my family going, whatever the weather
Book Review Book Review: Conor Niland’s tennis memoir will make him more than a footnote in the sport’s historyA visceral, melancholy and often self-lacerating book, The Racket is up there with Andre Agassi’s Open, even if it is written from a totally different perspective
Banking Central Bank must watch spending as profit era ends, finance officials warnDepartment of Finance anticipates a period of loss at the regulator - which finished 2023 down €131 million
Media Catherine Martin denies writing blank cheque for RTÉ National broadcaster set to receive €725 million in public funding over next three years
Tech EU scale-ups trail behind US peers as equity gap widensEU scale-ups raise 50 per cent less capital than their Silicon Valley counterparts after 10 years
Economy Infrastructure deficits, high cost of doing business and EU state aid changes threaten Irish economyThe National Competitiveness and Productivity Council has brought forward its report so it can be a factor in Budget 2025 considerations
Companies Cathal Friel sells off remaining stake in Hvivo Company chairman raised roughly €7.3 million from the transaction
Retail Lidl appoints Robert Ryan as new chief executive in IrelandJP Scally will take over as chief executive of Lidl France in August, after nine years at the helm of its Irish arm
Gaming Candy Crush developers establish stealth gaming start-up in DublinKing Digital Entertainment founders have founded a new casual gaming firm that is co-located in Dublin and Stockholm
Private Equity Private equity gets creative to buy time for more gains - clients say ‘pay me now’Data from Evercore shows continuation funds and other complex transactions fashioned by private equity firms fell 25 per cent last year from 2021’s record $68 billion
Markets IPOs finally bring summer heat with $5.5 billion in deals on tapReduced public valuations and a skittish calendar that’s made predicting deal activity more difficult may encourage companies to push listings into next year, bankers agree.
watches First look at new limited edition MoonSwatch dropping in AugustThe new edition to the Omega x Swatch collaboration will be available for only 19 days and pays homage to the first supermoon of the year
Tech Sure Ventures returns plummet last year following Irish liquidationsLondon-listed fund saw its net asset value fall over 31 per cent in the financial year ending March 2024
Companies Greencore lifts full-year outlook on ‘strong profit conversion’The Dublin-headquartered convenience food firm reported a slight revenue dip as it exited low-margin contracts
News Global insurance firm acquires independent Dublin-based brokerage Sean Barrett Bloodstock InsurancesSean Barrett specialises in risk management in the home, collections, travel, auto, yachts and bloodstock insurance markets for private clients.
Hospitality Dublin publicans voice concern over level of policing in the cityAlmost half of publicans in Dublin said their customers have had security concerns about being on the streets at night
Hospitality Irish food-led sector margins shrink to 0.8% according to Industry reportThe Restaurants Association of Ireland claims the sector was in ‘survival mode’
Markets China’s slowdown is taking a rising toll on European profitsExecutives may hope this is a short-term blip, but it’s not clear how China turns things around
Finance The Freedom Kit: 9 ways to maximise your maternity leave benefitsIreland ranks among the worst countries in the EU in financial support during maternity leave. Here are nine ways you can make the most of what you do get, with some savvy long-term planning too
Live News Live News: Virgin Media takes aim at RTÉ; Global markets slump Bite-sized servings of the latest in business, tech and current affairs
Companies Tesla profits below expectations again as Musk demands investor patienceThe electric car maker’s expected lower-cost vehicle reportedly won’t enter production until at least next year
Aviation EasyJet profit for third quarter increases £33 millionEasyJet chief says result was achieved despite Easter falling in March this year
Companies Google parent Alphabet reports sales of $71 billion in second quarter, exceeding expectationsGoogle has rushed to weave artificial intelligence into all of its widely-used products
Politics Cabinet briefing: €725m in funding for RTÉ; access to cash laws, €1bn cost of redeveloping Cathal Brugha barracks Ministers meet on Wednesday for the final Cabinet before the Dáil returns in September
Housing Government makes up to €250,000 in subsidies available to apartment buyersConcerns have been raised over the scale of subsidies being provided to stimulate construction, but the industry has said the funds are crucial to making apartments viable
Commercial Property Exclusive: Why TikTok abandoned its plan to occupy X’s Dublin headquartersSocial media giant had signed heads of terms for space at Cumberland House but abandoned the deal at a late stage
Investing Alan Merriman of Elkstone: ‘Now is the time to buy real estate’ Elkstone boss breaks down Irish investors’ aversion to private markets - and why they need to get over it
Innovation Sean O’Sullivan interview: Why the climate investing king says Ireland is the next big thingIn an exclusive interview, the former Dragon’s Den star says ‘Ireland can be a global leader in biomanufacturing’
Legal Barne Estate defendants query emails between John Magnier and former Arthur Cox managing partnerLegal correspondence presented to the High Court shows issue was taken with legal privilege asserted over emails with the former Arthur Cox partner
Climate & Environment Irish fin-tech firm invests €1.8 million in new platform that aims to prevent greenwashingThe hub manages the organisation of data from businesses’ value chains and provides live, streamlined data for producing sustainability reports.
Banking S&P: Irish banks showing ‘positive’ trends but better cost efficiencies ‘critical’Global ratings house issues positive assessment of Irish banking sector but warns lenders over high cost base
Markets Markets wrap: Earnings dominate Tuesday movements with Spotify and Coca-Cola on the riseAfter the bell in New York the first of the Magnificent 7 companies, Alphabet and Tesla, will report their figures
Markets T. Rowe Price bets on blue bond market Blue bonds are debt instruments that help protect or revive the world’s oceans in the face of climate change, overfishing and pollution
Artificial Intelligence Meta rolls out biggest version of its AI model yetLlama 3.1 will be available to users in Ireland as it is a text-only based model
Markets From bear to bull: Amundi joins a rush into the poundLast year, Amundi shorted the pound on the view that it could fall as low as $1.21
Regulation UK and Irish funds industry hits back at Central Bank’s macroprudential policy proposalsThe UK investment industry body wrote to the regulator outlining why the proposed approach misunderstood the industry and the issues
Politics Finance papers pour cold water on hospitality Vat cut as shape of final tax package comes into view Tax strategy papers provide government with menu of options for deployment of final €1.4 billion budget tax package
Companies Coca-Cola upgrades full-year outlook as revenues beat expectations Revenue at the drinks giant was $12.3 billion in the second quarter, above the average analyst estimate
Housing The biggest UK development project you’ve never heard of - and its lessons for DublinA development corporation-led project set to transform north-west London could be an example for Ireland, say officials.
US Vote delayed on plan for a US start-up city backed by Collison brothersThe plan promised to build affordable housing and offer millions of dollars in community benefits
Property Mega Ballymore project in London hit with fresh objections Local authority officials ‘remain concerned’ about aspects of the Bishopsgate Goods Yard plan
Energy In numbers: Irish data centre power usage surges 400% since 2015Ireland is a stark outlier in Europe in terms of the proportion of energy devoted to data centres
Media ‘Devastating’: New docs recount late night meeting where Siún Ní Raghallaigh resigned from RTÉRecords show RTÉ’s board convened a 10:30pm on the evening of Catherine Martin’s explosive Prime Time appearance
Explainer Markets explainer: What is the ‘Trump Trade’ and is it still happening?Following the June presidential debate investors started to invest in expectation of a Trump win
Travel Worried about flying this year? Four aviation insiders share tipsThere are a few easy things you can do to stay safe in the skies — and others that aren’t worth your time
UK Northern Irish founder of UK state-bank gives backing to Labour wealth fund planPatrick Magee said Ireland had been ‘fantastic’ at state investment strategies and provided many ideas and inspiration for British plans
Retail Carrolls opens new €2m College Green flagship storeThe Irish gift chain’s latest opening will bring 45 jobs to the area
Banking AIB snaps up Sky Ireland exec to lead new consumer-centric division Orlaith Ryan’s appointment comes as the lender has moved to bolstered its senior team
Legal Denis O’Brien, Leslie Buckley, and ex-INM executives seek copy of final INM report, High Court hearsMr Justice Garrett Simons said he had not yet decided whether report would be published in full or in a redacted form
Markets ‘Cardinal sin’: CrowdStrike’s ratings downgraded after global IT outage Company behind one of the largest tech outages has seem its share price fall by 27 per cent since Thursday
Tech ‘Bonus’ savings rate from Bunq is 13 times higher than Irish banks. Here’s how it works Chasing a share of the Irish market, Dutch fintech aims to put pressure on Irish lenders in the market with new savings account rate
Tech Google revises plan to ditch third-party cookies in ChromeCompany had been intending to drop cookies despite opposition from advertisers and media outlets
Aviation Aer Lingus pilots vote to accept pay dealThe pilots backing for the Labour Court proposal brings to an end the pay dispute with Aer Lingus
Tech Apple, Amazon and other Big Tech call for tax reforms to retain SMEs Technology Ireland wants taxation reform that encourages small businesses to remain on Irish shores
Tech Cybersecurity start-up Wiz rejects Google takeover to pursue own plansThe rejection will come as a blow to Alphabet, which is trying to catch up with Microsoft and Amazon
Tech Meta eyes stake in maker of Ray-Ban in smart glasses pushMeta Platforms Inc. is in talks to take a minority stake in the maker of Ray-Ban sunglasses as the Facebook owner intensifies its push into smart glasses
E-commerce TikTok set to launch in-app shopping platform in IrelandMove is a surprise given TikTok recently put plans to expand its e-commerce offering in Europe on hold
Live News Live News: Election-proof stocks; Aer Lingus pilots accept pay deal; Revolut set to sell sharesBite-sized servings of the latest in business, tech and current affairs
Infrastructure Port of Cork calls for permanent border control post as thousands of containers re-routed each yearUp to 146,000 extra food miles generated each month as food imports re-routed to Belgium and the UK
Retail Analysis: Dundrum part-owner Hammerson makes €712m exit from Kildare Village – here’s whyHammerson is streamlining its business model. The move could have a significant bearing on the company, its shareholders and the future of Kildare Village
Companies Sisk’s profits surge more than 550% on ‘very strong’ Irish construction activityThe building and contracting giant has seen its margins more than quadruple as profits reached €34 million
Planning Dublin Port lodges planning application for €1.1 billion Poolbeg peninsula developmentPublic information sessions on the 3FM project plans are set to take place in August, according to Dublin Port
Legal Wicklow woman granted injunctions against Greg Kavanagh in ‘warring neighbours’ disputeMr Justice Max Barrett issued his ruling in the case which centres on a dispute between Greg Kavanagh and Oonagh Stokes
Mortgages Pepper appoints former Anglo Irish banker as new chief executiveNiall Sorohan will move from his position as chief executive of Cabot Ireland to take up the role in 2025