Dublin Airport set to get third hotel in major investment plan

Dublin Airport is to get its third hotel, with the owners of the Radisson Blu there planning the multi-million euro construction of a new seven-storey, standalone venue on the site. CG Hotels wants permission for the 144-bedroom hotel, as well as restaurant and other facilities. It will be located in the car park of the […]

Read More

Exclusive: Developer Greg Kavanagh hits the jackpot with €150m payday

New Generation Homes chief Greg Kavanagh has secured a massive payment in a deal understood to be valued in excess of €150m from his company’s financial backers, London-based M&G Investments, in a deal which will see him exit the business. The Irish Independent understands the agreement between the parties was reached yesterday afternoon following what […]

Read More

Sterling forces cut in Ryanair forecast

Sterling’s plunge since the UK’s June Brexit vote has finally forced Ryanair to cut its full-year profit guidance, after months of warning that such a move could be on the cards. The recent accelerated decline in the value of sterling prompted Ryanair to concede that its profit in the 12-month period that ends next March […]

Read More

Kellogg pays no corporation tax in Ireland as sales top €1.2bn

The main Irish arm of breakfast cereal giant Kellogg last year paid zero corporation tax for the second year running as revenues topped €1.28bn. New accounts filed by Kellogg European Trading (KET) Ltd with the Companies Office show that it recorded a 27pc jump in operating profits, from €38.7m to €49.36m, in the 12 months […]

Read More

Kellogg pays no corporation tax in Ireland as sales top €1.2bn

The main Irish arm of breakfast cereal giant Kellogg last year paid zero corporation tax for the second year running as revenues topped €1.28bn. New accounts filed by Kellogg European Trading (KET) Ltd with the Companies Office show that it recorded a 27pc jump in operating profits, from €38.7m to €49.36m, in the 12 months […]

Read More

Law firm taps ex-Central Bank regulator

Law firm Eversheds has appointed former Central Bank official Ciaran Walker as a consultant. Mr Walker was deputy head of enforcement at the Central Bank of Ireland until September. He’s now joined Eversheds Consulting, a part of the solicitors’ firm that uses consultants, lawyers, audit and risk specialists to provide tailored consulting services to clients. […]

Read More

Ryanair fares to fall more than expected as O’Leary bemoans weak sterling

The weak sterling is playing havoc with Ryanair’s earnings as the airline has predicted its average fares to fall by between 13pc and 15pc. The Irish aviation giant has reduced its full-year profit estimate by 5pc to between €1.3bn and €1.35bn, meaning profits are set to grow by 7pc from 2015. Average fares were originally […]

Read More