• Homes
  • Commercial Property
  • Cars
  • Dating
  • Family Notices
  • Jobs
  • Shop
  • Crosswords
  • Subscriptions
    • Subscription Bundles
    • Home Delivery
    • Digital Edition
    • Kindle Edition
    • Archive
    • Dating
    • Irish Ancestors
The Irish Times
Monday, July 21, 2014
Business
The Irish Times
  • News  
    • Ireland
    • World
    • Politics
    • Crime & Law
    • Social Affairs
    • Health
    • Education
    • Environment
    • Science
    • Technology
    • Consumer
    • Galleries
    • Video
    • Weather
    • Weekly Quiz
      • Digital Edition
    • Court told of six months of CCTV footage in Graham Dwyer case
    • One injured as bus and Luas collide in Dublin city
    • Opportunity Knox for Rory McIlroy at Augusta 2015
    • Patrice Evra leaves United for Juventus
    • State could be a ‘model’ for technology’ without sacrificing rights
    • Former Eurovision winner Dana Rosemary Scallon broke down in tears today as she dismissed allegations of sexual abuse made against her brother as ‘lies’. File photograph: Frank Miller / The Irish Times Dana dismisses abuse allegations against brother as ‘lies’
    • Mr Justice Paul Carney said Lounes Ouachek’s assault on his wife was “callous and brutal in nature”. Man sentenced to 15 years for attacking wife with kettle bell
  • Sport  
    • World Cup 2014
    • Soccer
    • Gaelic Games
    • Rugby
    • Golf
    • Racing
    • Other Sports
    • Second Captains
    • Sportswoman of the Year
      • Fantasy Golf
      • irishracing.com
    • Opportunity Knox for Rory McIlroy at Augusta 2015
    • Patrice Evra leaves United for Juventus
    • Steven Gerrard retires from international football
    • ‘If someone puts their finger in your mouth, what are you gonna do, blow it out?’
    • India stump England at Lords
    • Rory McIlroy of Northern Ireland catches a golf ball from caddie JP Fitzgerald during a practice round prior to the start of the 2014 Masters Tournament at Augusta National Golf Club. Photograph: Andrew Redington/Getty Images Opportunity Knox for Rory McIlroy at Augusta 2015
    • Patrice Evra has completed his move to Juventus from Manchester United. Patrice Evra leaves United for Juventus
  • Business  
    • Agribusiness & Food
    • Commercial Property
    • Economy
    • Energy & Resources
    • Exchange Rates
    • Financial Services
    • Health & Pharma
    • Innovation
    • Manufacturing
    • Markets
    • Media & Marketing
    • Personal Finance
    • Retail & Services
    • Technology
    • Transport & Tourism
    • Business Podcast
    • AIB Start-up Academy
    • Aldi co-founder and Germany’s richest person Karl Albrecht dies
    • Allergan to cut 1,500 jobs as it fights off bid from Valeant
    • INM to remove certain portions of Anglo tapes from website
    • Risks highlighted of State’s most dangerous job: farming
    • Tesco changes tack with outsider Dave Lewis
    • Irish Times Jobs Visit the Irish Times Jobs section
    • An undated handout picture released by Aldi shows Karl Albrecht, co-founder of global discount supermarket chain Aldi. Aldi co-founder and Germany’s richest person Karl Albrecht dies
  • Debate  
    • Editorial
    • Letters
    • An Irishman's Diary
    • Columnists
    • Opinion & Analysis
    • Martyn Turner
    • Senators squawk among the seagulls
    • Visitors will come if Irish tourism is bundled and marketed imaginatively
    • Redmond’s role in story of State should be recognised
    • Hard to discern any coherent rationale to Kenny’s choices
    • Leader of the Irish Parliamentary Party John Redmond (1856 - 1918, left) with Irish nationalist politician John Dillon (1851 - 1927), circa 1910. Photograph: Hulton Archive/Getty Images Redmond’s role in story of State should be recognised
    • Business intern: “intern” and “internship” are not defined terms in Irish law Are interns employees or volunteers?
    • “He asked me in English if I needed help deciphering the noticeboard. I replied, somewhat defiantly, that I was getting on fine, thank you very much. “Look”, I proudly announced, “the first team listed is . . . Cheh-luh-see – Chelsea!” An Irishman’s Diary on a match made in Ethiopia
  • Life & Style  
    • Food & Drink
    • Homes & Property
    • Travel
    • Fashion
    • Motors
    • What's on
    • Health & Family
    • Get Running
    • People
    • Gallery
      • Generation Emigration
    • Best Shops 2014: Have you nominated your favourite shop yet?
    • (Audio) Beijing: Can a capital of the future cling on to its past?
    • View from La Malene onto the gorge of Tarn and river, Cevennen, Languedoc, France, Europe Hit the road, Jacques: why a drive across Europe is a wonderful trip
    • Helmut Tauer at the site of his former family home in Elsch, Sudetenland. Photograph: Derek Scally The trip: Back in Bohemia, the sun shines on a return to the Sudetenland
  • Culture  
    • Books
    • Film
    • Music
    • Media
    • Stage
    • Art & Design
    • Heritage
    • Treibh
    • Best Shops 2014: Have you nominated your favourite shop yet?
    • Martina Topley-Bird performs with Massive Attacks. Photograph: EPA/Jean-Christophe Bott Longitude reviews: day three
    • Jessie Burton: ‘Language is the political slippery eel. The arrangement of it can make you hate a person; it can make you cry. I want to say language is everything, but then that would make me an arch-stylist’ Mind your language, it’s the gateway to your story
    • “He asked me in English if I needed help deciphering the noticeboard. I replied, somewhat defiantly, that I was getting on fine, thank you very much. “Look”, I proudly announced, “the first team listed is . . . Cheh-luh-see – Chelsea!” An Irishman’s Diary on a match made in Ethiopia
  • Offers  
    • Competitions
    • Subscription Bundles
    • Classifieds
    • Rewarding Times
    • Travel Offers
    • Book Offers
    • Reader Offers
    • photo sales 300x150 Choose from an extensive range of photos taken by Irish Times photographers
    • Cuba Travel offer: Return to Havana for 10 days from only €2389pp
    • Knightsbrook Offer closed: Midweek 2 night stay for two at Knightsbrook Hotel
    • Goa Travel offer: Head to Goa for 11 days from only €2199pp
    • Knightsbrook Offer closed: Midweek overnight stay for two at Knightsbrook Hotel
By using this website, you consent to our use of cookies. For more information on cookies see our Cookie Policy.
 
Business 
  • Latest : Aldi co-founder and Germany’s richest person Karl Albrecht dies
  • Latest : Allergan to cut 1,500 jobs as it fights off bid from Valeant
  • Latest : INM to remove certain portions of Anglo tapes from website
  • Latest : Risks highlighted of State’s most dangerous job: farming
  • Latest : Tesco changes tack with outsider Dave Lewis
  • Latest : New law to protect borrowers whose loans were sold
  • Latest : Bord na Móna reports record profit of €50.3 million
  • Latest : Evan Davis replaces Paxman on Newsnight
An undated handout picture released by Aldi shows Karl Albrecht, co-founder of global discount supermarket chain Aldi. Aldi co-founder and Germany’s richest person Karl Albrecht dies
  • Agribusiness & Food
  • 15:02

Publicity-shy Albrecht co-founded privately held Aldi with his brother Theo after second World War

The former Anglo Irish Bank premises at St Stephen’s Green in Dublin. INM has agreed to remove certain portions of the Anglo tapes from its website. Photo: Matt Kavanagh/The Irish Times INM to remove certain portions of Anglo tapes from website
  • Media & Marketing
  • 14:12

DPP claims publishing of further material is calculated to interfere with criminal trial process

Bord na Móna reports record profit of €50.3 million The wind farm at Bruckana on Bord na Mona’s cutaway peatland on the Laois, Kilkenny, Tipperary borders. Photo: Niall Carson/PA Wire
  • Energy & Resources
  • 13:08

Operating profit climbs 114 per cent on the back of revenues of €426.8 million

New law to protect borrowers whose loans were sold
  • Financial Services
  • 13:20

Up to 10,000 mortgages are now controlled by unregulated financial entities

Tesco changes tack with outsider Dave Lewis Unilever senior executive Dave Lewis who will replace Tesco chief executive Philip Clarke. Lewis will become the first outsider to run Tesco and will be tasked with turning around the ailing retailer.
  • Retail & Services
  • 13:48

Retailer will be hoping Unilever executive replicates success enjoyed by Sainsbury’s

Crosbie lost up to €20m on Yahoo and AIB shares Harry Crosbie: claims he is being “bullied” by Nama and has objected to a maximum of €5,000 in monthly living expenses, among other conditions. Photograph: Brenda Fitzsimons
  • Commercial Property
  • 01:00

Businessman campaigning to be allowed retain control of Bord Gáis Energy Theatre

Northern Irish bakery Irwin’s to export bread to Abu Dhabi A Northern Irish bakery is to begin exporting soda farls and stone-ground wheaten breads to Abu Dhabi following a deal with LuLu Group.
  • Agribusiness & Food
  • 12:11

Bread will be on the supermarket shelves in UAE within 24 hours of leaving Portadown

Tesco chief executive Clarke to leave after profit warning Tesco’s chief executive Philip Clarke who is to step down in October. Photograph: Rui Vieira/PA Wire
  • Retail & Services
  • 07:44

Unilever executive Dave Lewis to take over reins of British supermarket

Despite the little time remaining, Argentina’s economy minister Axel Kicillof last week travelled to Brazil to a summit of emerging market nations. Photograph: Peter Foley/EPA
Default fears Argentina teeters on brink with hedge fund creditors
 
Employees Fernanda Mendes de Araguo and Orna Kennelly splash out with toy guns at the Squarespace offices at Fitzwilliam Business Centre, Sir John Rogerson’s Quay, Dublin. Photograph: Eric Luke
Web success So popular is Squarespace that it is fast outgrowing its docklands space
 

Economy

Spain considers issuing 50-year government bond
  • July 21, 2014, 10:19

Head of treasury suggests market ripe for what would be country’s longest-ever bond

Britain ready to take economic hit from further sanctions
  • July 21, 2014, 09:02

Osborne inists costs of not acting against Russia would be much greater

IMF may downgrade growth outlook
  • July 21, 2014, 01:00

It forecast that global output would grow by 3.6 per cent in 2014 and 3.9 per cent in 2015

Consumer confidence in US unexpectedly declines
  • July 18, 2014, 22:06

Higher prices at check-outs souring attitudes

Technology

Philips expects core profit to rise after cost-cutting measures

Philips expects core profit to rise after cost-cutting measures Dutch group reports second-quarter earnings of €415 million on sales of €5.3 billion

Dell to accept bitcoin for online purchases

Cryptocurrency will initially be available only to US consumer and small business shoppers

RTÉ threatens to injunct UPC over on-the-go service

UPC’s Go to allow streaming TV channels to portable devices outside the home

Personal Finance

Is it time to wave goodbye to your car?

Is it time to wave goodbye to your car? A bicycle, public transport and the occasional renting of a car could save you cash

Setting loss on Eircom shares against the summer house gain

We recently cashed out all our Vodafone shares in the move to Verizon . . .

Commercial Property

Crosbie lost up to €20m on Yahoo and AIB shares

Crosbie lost up to €20m on Yahoo and AIB shares Businessman campaigning to be allowed retain control of Bord Gáis Energy Theatre

Bord Gáis theatre sale ‘barbarous’, says Harry Crosbie

‘The artistic community of Ireland should come together to stop this sale,’ says theatre owner

Retail & Services

Tesco changes tack with outsider Dave Lewis

Tesco changes tack with outsider Dave Lewis Retailer will be hoping Unilever executive replicates success enjoyed by Sainsbury’s

Christophe Lemaire quits Hermes to develop his own brand

Designer joined Hermes from Lacoste in June 2010 to replace Jean-Paul Gaultier

Health & Pharma

Allergan to cut 1,500 jobs as it fights off bid from Valeant

Allergan to cut 1,500 jobs as it fights off bid from Valeant Company announces $475 million restructuring meant to boost profits over six years

Investors get cold feet on US biotech shares

Federal Reserve says biotechs, small-caps and social media shares a cause for concern

Manufacturing

Ford halts production at South African plant due to strike

Ford halts production at South African plant due to strike Members of South Africa’s metal workers’ union seek 12-15 per cent wage increases

Whirlpool agrees to pay €758m for a controlling stake in Indesit

Acquisition is largest since buying former rival Maytag eight years ago

Financial Services

New law to protect borrowers whose loans were sold

New law to protect borrowers whose loans were sold Up to 10,000 mortgages are now controlled by unregulated financial entities

Charity worker avoids prison after settling with Revenue

O’Sullivan has reached a settlement to repay €871,000

UK banks face break-up as watchdog seeks investigation

Watchdog says there is a lack of competition among UK banks

Media & Marketing

INM to remove certain portions of Anglo tapes from website

INM to remove certain portions of Anglo tapes from website DPP claims publishing of further material is calculated to interfere with criminal trial process

Evan Davis replaces Paxman on Newsnight

Dragons' Den and Radio 4 Today show presenter is ‘outstanding journalist’ - BBC DG

Energy & Resources

Bord na Móna reports record profit of €50.3 million

Bord na Móna reports record profit of €50.3 million Operating profit climbs 114 per cent on the back of revenues of €426.8 million

Tullow abandons well in Norway after it fails to find hydrocarbons

Shares in oil and gas company fall as much as 0.9 per cent on back of news

Agribusiness & Food

Aldi co-founder and Germany’s richest person Karl Albrecht dies

Aldi co-founder and Germany’s richest person Karl Albrecht dies Publicity-shy Albrecht co-founded privately held Aldi with his brother Theo after second World War

Risks highlighted of State’s most dangerous job: farming

Numbers killed in accidents up 70 per cent on this time last year to 14

Transport & Tourism

US billionaire buys Westin Hotel in Dublin for €65m

US billionaire buys Westin Hotel in Dublin for €65m Five-star property to be operated by Lalco Hotel Group

Focus flies to question of Mueller successor

Black horse for the role named as Paddy Power chief executive Patrick Kennedy

Other Sectors

For your diary
  • Sectors

For your diary A round-up of business events happening this week

Cantillon: Small remains beautiful for Williams
  • Sectors

Investor says the world is experiencing a ‘growth hangover’

Sponsored

The best candidates are solutions, not lists of experience The best candidates are solutions, not lists of experience

Successful recruiting doesn’t happen on paper

Financial Controller - Starbucks Ireland Financial Controller - Starbucks Ireland

Starbucks Ireland seeks a financial controller to play a key role in the continuing success of this business

ADVERTISEMENT
ADVERTISEMENT

Business Columns

Lucy Kellaway Lucy Kellaway -

Why we are more vocal about loo rolls than our jobs

Simon Carswell Simon Carswell - Washington Correspondent

Flurry of takeovers by US firms sparks ‘inversion’ row

Chris Johns Chris Johns -

Visionaries needed for regeneration, not copycats

Laura Slattery Laura Slattery - Journalist

Government must look beyond PR world for RTÉ role

Subscribe on iTunes Follow on Soundcloud Listen on Stitcher

Most Read in Business

1 Aldi co-founder and Germany’s richest person Karl Albrecht dies
2 INM to remove certain portions of Anglo tapes from website
3 Crosbie lost up to €20m on Yahoo and AIB shares
4 Bord na Móna reports record profit of €50.3 million
5 Why we are more vocal about loo rolls than our jobs
ADVERTISEMENT
SPONSORED

Compare Savings Accounts

.00

Features & Opinion

Visitors will come if Irish tourism is bundled and marketed imaginatively
  • Transport & Tourism
  • July 21, 2014, 07:54

Buildings are not needed to tell the story of something best viewed naturally

Election sparks new hope for city that reflects India’s economic ills
  • Economy
  • July 21, 2014, 01:30

Varanasi is seen as a case study for what the new prime minister hopes to achieve in swathes of India that never boomed the way Mumbai and Bangalore did

Consumers appear uncertain about connected cars
  • Business
  • July 21, 2014, 01:20

Tech companies target automotive sector as new area for growth

Business Bites

Cantillon: AbbVie, tax inversion and Ireland’s lop-sided pharma sector
Cantillon: New board members sought for RTE
Cantillon: Focus flies to question of Mueller successor
One More Thing: Denis O’Brien ‘is on the wrong side of history’, says Viber chief
One More Thing: Slick result for Teeling in oil exploration row
One More Thing: Irish Water glass half-full for Bord Gáis boss McNicholas
Enrst & Young Entrepreneur of the year
Entrepreneur of the year Who will be named winner for 2014?
 

Markets

  • ISEQ
  • LONDON
  • EUROPE
  • U.S.
  • ASIA
Top1000 logo
Company
Snapshot
  • 1.
    CRH Construction
    View profile
  • 2.
    Microsoft Technology
    View profile
  • 3.
    Google Consumer Technology
    View profile
View the full list
top1000.ie is compiled and verified by The Irish Times
  • in
  • View profile

Video

The makers of AirDog say it's the first flying drone that doesn't need piloting; using a sensor instead of a remote control to determine where to go itself. Video: Reuters Introducing the Airdog - the first pilotless drone camera
Amazon, which wants to deliver packages by drone, has asked aviation regulators for permission to expand testing outside its research laboratory. Video: Amazon Amazon to ramp up testing of delivery drones

Facebook

International Money Transfer Service International Money Transfer Service

Save money on international payments

Business

Back to top
Browse
  • News
  • Sport
  • Business
  • Debate
  • Life & Style
  • Culture
  • Offers
About us
  • Advertise
  • Contact Us
  • The Irish Times Trust
  • Career Opportunities
  • Help
  • Site Map
Connect
  • Facebook
  • Twitter
  • Google +
Subscriptions
  • Subscription Bundles
  • Home Delivery
  • Digital Edition
  • Crosswords
  • Archive
  • Dating
  • Ancestors
Policy & Terms
  • Terms & Conditions
  • Privacy Policy
  • Cookie Information
  • Community Standards
  • Copyright
Partners
  • rewardingtimes.ie
  • myhome.ie
  • irishracing.com
  • entertainment.ie
  • top1000.ie
  • myantiques.ie
  • newsdelivery.ie
  • The Gloss
  • irishtimestraining.com
© 2014 THE IRISH TIMES