Business News

There has been a record number of data privacy complaints in Ireland over the last year, new figures from the Office of the Data Protection Commissioner show. The regulator reported a spike in overall complaints last year to a record level of 1,479, rising from 932 in 2015. However, it also received almost 35,000 “queries”, […]

FINANCE Minister Michael Noonan has indicated that he won’t block Bank of Ireland offering more than the €500,000-a-year pay cap to attract a replacement for outgoing CEO Richie Boucher. The pay cap was brought in after the crash and has not been relaxed, even at Bank of Ireland which has repaid its State bailout. It […]

No European country has made a claim on the back taxes that Apple allegedly owes to Ireland, Finance Minister Michael Noonan has said. Mr Noonan has argued that Ireland’s entitlement to the money, in the face of potentially competing claims from other EU countries, remains uncertain. The European Commission announced in August last year that […]

The Central Bank has revised up its growth forecasts on the back of strong domestic demand despite citing the twin threats of Brexit and the potential economic policies of US President Donald Trump. Chief economist Gabriel Fagan lauded the economy’s performance and said it had all the hallmarks of the ‘Phoenix Miracle’ – the theory […]

High-profile publican Frank Gleeson has secured a temporary High Court injunction preventing the company he is CEO of from taking steps to dismiss him. Mr Justice Paul Gilligan granted Mr Gleeson an interim injunction yesterday preventing Dublin pub group Mercantile Entertainment from dismissing him. The order also prevents Mercantile taking any steps to discipline Mr […]

The impact of the housing crisis on the drive to attract foreign direct investment into Ireland and into Dublin, particularly in the wake of Brexit, is the subject of increasing concern among developers involved in the delivery of new office space. The issue took centre stage last Friday at the annual conference of the Society […]

Ireland is going to change dramatically over the next 10 to 15 years and we are not preparing for it properly. I am not talking about Brexit or the future of the single currency. Neither am I talking about the impact Donald Trump’s US presidency might have on corporations and how they are taxed. The […]

Standard Life is considering increasing the size of its Dublin operation as a result of Brexit. The company is considering Dublin as one of a number of possible destinations for the its EU base after Brexit negotiations are concluded, according to a report in The Irish Times. That would require the company-which currently employs around […]

The largest equity trader in the United States, Citadel Securities, is to grow its Dublin operation over the next two years. The company will move into an 18,500 square foot office space at 1 Grand Canal Dock which it will rent for an annual €1.1m, according to The Irish Times. Citadel said it will ramp […]

Advisers to Bank of Ireland’s corporate overhaul – a largely technical move – stand to make close to €10.5m in fees. The figure was disclosed in a prospectus, filed yesterday, detailing a reorganisation of the lender that will result in a drastic reduction in the number of shares on issue and create a new holding […]