Out Of Office

Out of Office: catch up on the day’s business news

The Business Post gets you up to date with the big stories of the day

Today’s stories cover Aer Lingus, Cairn Homes, OpenAI and more

Welcome to the Business Post’s Out of Office, your daily round-up of the day’s business, tech, markets, legal and politics news.

Thursday got off to an eventful start with a a raft of companies issuing annual results. Among the most notable were IAG, the Aer Lingus parent-firm, Dalata, Cairn Homes, and CRH. Read how they fared here.

Updates from travel-centric firms put the Dublin Airport passenger cap row back into focus - with Ryanair also joining in the conversation. Speaking in front of two cardboard cut outs of the ministers for transport and tourism, both of which sported hats branded with the word “dunce”, O’Leary called for legislation to scrap the cap.

Also in aviation, the parent company of Aer Lingus has threatened to limit investment in the airline, including cancelling deliveries of new planes, unless agreement is soon reached with pilots on a new pay deal.

As the government faces calls to increase their housing targets to 50,000 per year, Killian Woods asked a range of developers and industry analysts if such a target can be met.

Goodbody Stockbrokers has been fined more than €1 million euro by the Central Bank of Ireland for failing to comply with market abuse regulations.

Meanwhile, in tech, of the most senior executives at OpenAI, the reigning it-firm on the technology block, has described the level of talent in the Irish tech ecosystem as “intoxicating”. Charlie Taylor has the story.

And, in case you missed it, Catherine Sanz sat down with Alan Murphy, the managing partner of EY Law, for this week’s Big Interview. The pair discussed the firm’s wins since entering the market in 2021, internationalising the law and the importance if emotional intelligence.

News in brief

* Cairn's Michael Stanley warns housing crisis will cost Ireland FDI jobs

* Developer Greg Kavanagh acquires Harold’s Cross site with planning for €2.1m

* Government accused of moving at ‘glacial pace’ as only 4% of state’s car fleet electric

* Dublin-based expert joins Bluesky after controversial exit from Elon Musk’s X

* Price inflation cools to 2.2 per cent in February – CSO flash reading

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