Breakfast Business with Joe Lynam: Recent Episodes
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Presented by Newstalk's Business Editor Joe Lynam, this 30-minute programme focuses on the key business stories from home and abroad, market analysis, new business innovations and profile interviews. Listen and subscribe to Breakfast Businesson Apple Podcasts, Google Podcasts and Spotify.
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Shannon is officially the fastest growing airport. It grew by 14% over the past year.
It comes as Ryanair says it’ll build a new mechanics training facility at the Clare aerodrome. Also the airport preparing for Trump’s probable arrival next month and the definite arrival of an air force of private jets for the Ryder Cup in 13 months from now.
Speaking to Joe this morning was Ray O’Driscoll the Chief Executive of the Shannon Airport Group.
Keogh's crisps are the largest Irish owned crisp maker whose main ingredient potatoes are all grown here. Exports of Keogh crisps surpassed domestic sales for the first time this year and the world cup has been great for business.
Tom Keogh the Chief Executive of Keogh’s crisps who is doing a near 400km walk for charity alongside Rory Best next month. Tom joined Joe in studio this morning.
In two months from now, the Minister for Finance will announce the broad outline of a brand-new tax efficient scheme. This will be for people to invest their excess cash rather than leave it in accounts which earn next to nothing in interest. So how should it and might it work? Joe asked Michael Healy the Chief executive of IG UK and Ireland.
The Irish pharma company Poolbeg is working on one such cancer treatment to prevent distressing side effects. But Poolbeg is also looking at an oral GLP-1 or weight loss treatment as well. All of this research costs a lot of time and money and might not lead to anything.
To discuss business of pharma was Jeremy Skillington the Chief Executive of Poolbeg Pharma.
There are an estimated 600 million people with diabetes worldwide. As we eat more and live longer that number will doubtless grow. It means glucose levels need to be measured regularly and at scale. Dexcom is one of the biggest device makers in the world and they announced a huge investment in a greenfield site in Athenry which is set to open next year. Dexcom is also a sponsor of one of Ireland’s newest golfing talents Alan Nolan who himself is a diabetic.
Joining Joe this morning was Adrian Furey, is VP Global Supply Chain with Dexcom.
Profits could be hit by tariffs on large US multinationals and as such our golden goose ie Corporation tax receipts could be affected. We may also end up building fewer houses again this year than expected. However on the upside the domestic economy remains robust and inflation should remain low in the coming months.
These are the views of the Central Bank of Ireland, which today published its latest quarterly bulletin. Speaking to Joe this morning was Martin O'Brien, Head of Division of Irish Economic Analysis with the Central bank of Ireland.
We are heading for a country where the vast majority of its citizens and companies have access to full fibre high-speed broadband. Only this week EIR achieved a milestone of 1.4 million premises being covered with its full fibre meaning that 3.6 million people can download their movies or fat files that bit faster.
Speaking to Joe this morning was Maeve O’Malley the Managing Director of open EIR Wholesale which is that bit of the business that deals with wholesale customers and infrastructure.
The Enterprise Forum was set up in 2017 to provide a platform for companies to share their concerns with the Government directly. Initially it discussed Brexit then Covid and now it meets to analyse what the government can do to shield Irish businesses from US trade tariffs. As well as the soaring cost of doing business in Ireland. The forum meets again today and at the table will be Alan Dillon who is the Minister of State at the Dept of Enterprise.
The Minister spoke to Joe ahead of today's forum.
In 22 days from now, the so-called 90 Day pause on huge tariffs announced on April 2nd, comes to an end. It could mean 50% taxes being applied to EU goods being sold in the US.
We shed some light of the state play in tariff-land with Valerio Potí Professor of Finance and the Director of the Doctoral Studies Program at UCD.
Panda waste management is the biggest in the country with more than 30 sites nationwide. Now to remove and separate even more waste at its giant Millennium Park facility in Finglas, Panda, is creating a new €5m sorting facility to remove plastic out of black bin rubbish and cut down on the thousands of tonnes of waste that end up in incinerators. Joining Joe this morning was Brian McCabe the Chief Executive of Beauparc which owns the Panda brand, which itself is part of the Macquarie Group.
The EU has launched a pilot programme to look into having a Europe-wide Age Verification. But some retailers aren't waiting. MyCheckr uses a Special camera with AI technology to assess the age of customers and is usually very accurate.
Andrew O'Brien, Head of Biometric at Innovative Technology which created the MyCheckr age verification system.
Russ Mould from AJ Bell takes a look at Monday's international business news along with Joe Lynam.
Up to very recently a doctor‘s surgery or the administration of a hospital was done exclusively on paper. Increasingly though it is being digitised. The company TPro speeds up the process by taking automated notes of the medical consultation and helping with recordkeeping when it comes to medication and referrals. They started their business 11 years ago in Dublin and now have well over 100 staff selling to hospital administrators in Britain, Australia, the far east and even here in Ireland.
Jonathan Larby Co Chief executive of TPro joined Joe this morning on the show.
ABP Food Group recently marked a decade of research on their Demonstration Farm in Co. Carlow, with a special event highlighting progress made to date on reducing climate emissions and improving on farm efficiency.
Speaking to Emmet this morning was Agri Sustainability Manager at ABP Stephen Connolly.
Emmet Oliver takes a look at the business stories in the papers this morning and that markets with Aidan Donnelly from Davys.
A global study by State Street has revealed that private markets are entering a period of structural change. Emmet discusses this further with Ciarán Grant, MD, Private Markets Product, at State Street.
15 years ago, Ireland was in a very different place economically. The economy was on its knees, and the government had to step in to bail out the entire banking system. It created a so-called “bad bank“ to take on €31.8 billion of banking debt where no one else would. People were skeptical that it would ever break-even but NAMA winds up this year having paid back that €32 billion and a surplus of €5.5 billion to Irish taxpayers.
Speaking to Joe this morning was Brendan McDonagh the Chief Executive of NAMA.
The Irish economy continues to grow, but the risks are now rising due to geopolitical and trade issues which will have a disproportionate impact on our economy due to our overdependence on American multinationals.
That’s the view of the Central Bank of Ireland in its latest financial stability report. Joe spoke to Gabriel Makhlouf, the Governor of the Central Bank of Ireland and began by asking whether there was a risk that American companies.
Rumours of a wobble among Irish consumers appear to have been exaggerated according to the latest Personal Finance outlook from Bank of Ireland. It says that debit and credit card spending rose by 6.5% year-on-year led by spending in restaurants and on accommodation. But with the world only adjusting to a global tariff war, is it too soon to say the consumer is brushing off any of the impact?
To discuss further Joe spoke to Conall Mac Coille is the chief economist with Bank of Ireland.
Taste of Dublin starts tomorrow in Merrion Sq. It’s a chance for people to sample all sorts of cuisine including food that is grown and made right here in Ireland. The body which represents many food producers - Love Irish Food - has conducted a poll of its members and it found that wage inflation and retaining staff were the 2 biggest threats facing the sector. Despite that 70% remained confident about the future and the sector.
Speaking to Joe this morning was Conor Kilduff is Executive Director, Love Irish Food.
Whether you work in a small lab, a giant pharmaceutical company, academia or other research facilities, you’ll be aware of the strict rules surrounding how chemical waste needs to be disposed of. Kevin Walsh witnessed a chemical accident when the wrong chemical waste was mixed with a highly volatile substance and it encouraged him to set up a company to ensure other labs don’t make the same mistake.
His company is called Chemishield and it announced last week that it’s employing a further 50 people to expand their business globally. Kevin Walsh is the Chief Executive of Chemishield and joined Joe in studio this morning.
It's no secret that housing and failure to deliver enough of them, is one of the most pressing issues facing the economy. The arrival also of AI and its importance to a knowledge based economy like Ireland are also among the top three priorities included in Pwc‘s pre-budget submission. But are there any easy political solutions to these issues?
speaking to Joe this morning was Paraic Burke, Tax Leader at PwC Ireland.
Kealan Lennon is the Chief Executive of CleverCards which is a fintech company, which provides prepaid credit cards - increasingly preferred by companies as a way to reward their staff without exposing them to Benefit in Kind. He’s also very aware of the changing banking habits by Irish consumers which he thinks is happening quicker than the big traditional banks appreciate.
The Land Development Agency is designed to develop and build affordable housing on state owned lands. Although a relatively new agency, it has discovered recently that often the biggest obstacle to construction is other semi state or government-controlled bodies.
Joining Joe on the show was Phelim O’Neill the Director of Development with the Land Development Agency.
Joe is joined by Siobhan Casey, Brand Manager at Bulmers Ireland, to explain why cider sales are falling despite strong overall volumes and what’s next for the brand.
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Eoin Byrne, Cluster Manager at Cyber Ireland, joins Breakfast Business to outline how firms across the island are cooperating to counter rising cyber threats and overcome regulatory differences.
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Lisa Brankin, Chair of Ford in Britain and Ireland, joins Breakfast Business to explain how the company is recovering from recent recalls and its strategy to regain a top-five market position.
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Joe Lynam goes through all the biggest business news on Thursday for Breakfast Business.
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Kilian Finane of Finline Furniture joins Breakfast Business to talk about restoring furniture, manufacturing in Laois, and why the circular economy earned him Repak’s Green Businessperson of the Month.
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John Eason, Retail Director at B&Q Ireland, joins Breakfast Business as the company opens new stores in Navan, Waterford and Letterkenny.
What’s behind the expansion — and how are customers responding?
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John Ryan, founder of Healthy Place to Work, joins Joe Lynam to explain how employers can create physically and mentally healthy work environments — and why it matters for performance.
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Babak Hodjat, Chief Technology Officer for AI at Cognizant, joins Breakfast Business to explain how Agentic AI could be a disruption to jobs.
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Patricia Callan, Chief Executive of Financial Services Ireland, joins Breakfast Business to discuss the threats and opportunities facing Ireland’s financial services workers.
From AI disruption to a global tariff war and unlocking €100bn in dormant savings.
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Mortgage approvals continued to grow in April as first-time buyer activity reached new highs, that’s according to latest figures from the Banking and Payments Federation Ireland.
Chief Economist at the BPFI, Ali Ugur joined Emmet to discuss these figures .
Bord Bia’s Bloom Festival is underway and will run until 2pm on Monday. Emmet was joined on the show this morning by Bord Bia CEO, Jim O’Toole to talkhow sustainability takes centre stage this year.
A new report reveals that 67% of businesses frequently experience payment system issues with over half saying refund processing problems have directly cost them customers.
To discuss with Emmet was is Alex Marsh, Chair of SALAD, and Non-Executive Director of the Centre for Finance, Innovation and Technology.
AI is changing the face of so many industries across the world, and that remains through for the manufacturing industry. To tell us more on this is Director for Manufacturing at PwC Ireland, Gary Hanniffy.
Pat Lardner, CEO of Irish Funds joined Tom to talk through the competitiveness of the funds industry
On Monday May 19th, the company Egis was awarded a long-term contract to operate and maintain the Dublin Tunnel, the Jack Lynch Tunnel and monitor 1,200km of motorway across Ireland.
Joining Tom on the show was Steve Preece, CEO of Egis.
Tom McEnaney was joined on the show by Barry Manning after his re-appointment as Chair of the Irish Payments Council.
Up to quite recently, if you had had a cancer diagnosis, you probably found it next to impossible to get life insurance cover even if you were fully recovered. There has been a code of practice in place from the insurance industry for the past year but no legislation. Now the insurance industry has stepped back and is supporting laws to enshrine the so-called “right to be forgotten“ when it comes to cancer survivors.
Speaking to Joe this morning was Robert Troy the Minister of State at the Department of Finance with special responsibility for Insurance.
The domestic economy in Ireland will remain ticking along nicely with modified domestic demand set to be 2.5% this year. Unemployment is set to pick up a little bit next year but it’s all clouded by the global macroeconomic perspective. That’s the view of AIB in its latest economic snapshot. The report expects GDP here to soar then fall notably next year while consumer spending is set to moderate next year.
To discuss the report findings Joe spoke to David McNamara is the AIB Chief Economist.
Leonie MacCann from Irish Life Investment Managers looks through all the business news and markets with Joe Lynam.
Howden started off as a small mortgage broker in Britain but has grown to a worldwide operation with 22,000 staff. They’ve grown to the point where they now sponsor the forthcoming Lions rugby tour of Australia this summer. Here in Ireland they are known as Finance Solutions and they also act as brokers for insurance, home loans and now Life insurance products. They are creating 100 new jobs in the capital.
Robert Kennedy, CEO of Howden Ireland joined Joe in studio this morning.
The government is setting up a new Small Business Unit within the department of Enterprise. Its purpose is to test all proposed new laws to see if they meet the so-called ‘SME test’ and don't add unnecessarily to the cost and regulatory burden on small companies. But will it just be a talking shop without teeth to really block legislation which might come from different parts of the government?
All to discuss with Peter Burke Minister for Enterprise, Tourism and Employment.
Founded in 1997 in Galway by a very well known face and voice here in Newstalk Bobby Kerr. Insomnia coffee was the first of the new wave of American style frothy coffees in an Ireland which overwhelmingly drank only tea. Bobby may have moved on but the Irish love affair with modern coffee continues at a pace to the point where Coffee has supplanted tea and Insomnia now has 157 outlets on both sides of the Irish Sea.
To chat about the business of coffee Joe spoke to Harry O’Kelly the Chief Executive of Insomnia Coffee.
US and Japanese bond yields have been soaring in recent days. To some it might be a reflection in recovery of stock markets in the 1st and 4th largest economies in the world. Or it might be investors waking up to the fact that both nations are heavily in debt with no prospect of getting that debt mountain down.
Joining Joe this morning was Gregory Perden, a well known fund manager and was named among Citywire's most ‘Influential Wealth Managers’. He’s also a Senior adviser with Moore Ireland.
The South African insurer Outsurance has been on the Irish market for a year selling home and motor insurance. Now business is obviously good enough to warrant hiring an additional 100 staff here.
Joe spoke to Peter Broom the chief executive of OUTsurance Ireland about their business.
The business lobby group IBEC has some clear ideas for the Enterprise Minister Peter Burke about what should be done when it comes to beefing up Ireland’s skill sets, speeding up Infrastructure delivery as well as cutting down on red tape. IBEC also thinks that spending on infrastructure should come before any tax cuts.
Fergal O’Brien Executive Director of Lobbying and Influence at IBEC spoke to Joe this morning.
Martin Dubbey is a former detective turned corporate investigations sleuth who tracks down beneficial owners and information that companies might want to hide. His business Harod also featured in the movie which exposed Russian doping cheats.
Martin Dubbey the Managing Director of Harod Associates explained his business to Joe this morning on the show.
The Irish Management Institute has new owners. UCC has sold its share to the publishers of the Business Post. The IMI joins a stable of brands including Red C research and iQuest experiences and certainly diversifies and broadens the portfolio. But will the investment pay off in a world of AI learning?
All to discuss with Enda O’Coineen, Publisher and CEO of the Kilcullen Business Post Group.
Are we back to crazy levels of borrowing? This comes as the foreign banks based here express confidence in Ireland as a base for investment. Employment by the international banking sector is up by a fifth on pre Covid levels.
All to discuss with Brian Hayes the Chief Executive of the Banking and Payments Federations Ireland.
Ryanair has just posted its full year results for the financial year 2025. They made a post tax profit of €1.62bn down 16% on the previous year. Average fares were also down 7% over the past 12 months. The airline carried a record 200m passengers and bought back 7% of their own shares
Neil Sorahan. Group Chief Financial Officer discussed the report findings with Joe.
We are 5 months or so away from the budget this autumn but already positions are being staked out. For its part, the government has already said there won't be as many giveaways as last autumn due to the tariff war and global uncertainty. But already some sectors are setting out their wish list. Deloitte says Capital Gains taxes are too high and a disincentive to invest here. It also wants AI and decarbonisation tax credits.
To discuss this and more Joe was joined on the show by Daryl Hanberry Partner and Head of Tax & Legal for Deloitte.
Joe Lynam and Austin Hughes from AJ Bell brings us all the national and international business news this morning.
The Ireland Strategic Investment Fund is in effect Ireland’s sovereign wealth fund worth just under €15bn and designed to generate returns for taxpayers. ISIF, which is part of the National treasury management Agency, is very distinct from the new Future Ireland Fund which was set up last year. Joining Joe this morning on the show was Nick Ashmore the Chief Executive of the ISIF.
On Monday next week Keir Starmer will host a major EU delegation as part of what is shaping up to be a major reset of UK EU relations. There have already been hints at what might be agreed including a youth mobility scheme as well as a new and deeper Defence pact.
The UK government still says that rejoining the Single market or the Customs Union are red lines that won't be crossed. Joe discusses this and more with Marie Doyle President of the British Irish Chamber of Commerce.
What do you get when you merge the words Water and Vinyl? You get Wavin one of the world’s most famous pipe and ducting companies. Wavin has been in Ireland for decades in Balbriggan. But it no longer makes any of those famous orange pipes here. They come from Britain these days. But it is moving to a new logistics centre and customer facility in North County Dublin.
Speaking to Joe this morning was Michael O’Donoghue the Commercial Director of Wavin.
t’s nestled in the foothills of the Dublin mountains and is a hive of science, adventure and learning. It’s 112,000 sq ft and it’s a year since it reopened after Covid. The Explorium science immersion museum in Ballinteer is already the 9th most visited tourist site in Ireland and aims to become the nationally recognised Children's science centre. But it was a long bureaucratic journey to reopen and now there’s talk of a rival city centre museum as well.
Charlie Kelly is the owner and Managing Director of Explorium Science Museum joined Joe this morning on the show.
On paper at least the 2 richest economies in the EU are also among the smallest: Ireland and Luxembourg. Our economy relies on technology and pharma of course but it’s also a major player in fund management. Our biggest European rival to lure these big global pension funds is Luxembourg whose regulator might be seen as more relaxed than our Central bank. Both nations have been accused of being tax havens. But are they?
Speaking to Joe in studio this morning was Quentin Werlé, head of portfolio management at the Luxembourg advisers 6 Monks which specialises in cryptocurrencies.
They are called Dub 20 and Dub 30. They are the latest large data centres to be opened by the Taoiseach in Arklow in Co Wicklow. They claim to be the most sustainable data centres in Ireland and will feed almost as much energy into the grid as they will take out. But the planning process took 7 years and a trip to the High Court. Newstalk's Alex Rowley caught up with Graham McWilliams, co-founder and Chief Operating Officer of Echelon Data Centers and began by asking him about the green credentials of Dub20 and 30 .
Private markets contain less well known companies which do not float on the stock exchanges and are therefore not subject to filing quarterly returns nor some other rules. But according to Elkstone’s State of Private Markets report, the giant private equity houses such as Blackstone and KKR are getting the lion's share of all investment flowing into these private markets.
Speaking to Joe this morning was Karl Rogers the Chief Investment Officer for Elkstone.
You’ve heard of the Cat laughs in Kilkenny and you may have heard of Kilcenomics which merges comedy with Economics but now you may need to get your head around comedy and the legal profession because this coming weekend will be the first Kilkenny Law Festival. The idea is to bring the law to a wider audience and perhaps dispel some of its reputation for stuffiness and being aloof.
One of the main organisers is Mark Tottenham, who presents the podcast: The Fifth Court and Mark joined Joe on the show this morning,
There aren’t many kitchens in Ireland that don’t have devices or machines made by DeLonghi. The Italian coffee machine-maker also owns global brands such as Kenwood and Braun. They have benefited from the surge in popularity of frothy coffees.
Susan Coleman is the Chief Executive of Delonghi Ireland and Susan joined Joe this morning on the show.
Aidan Donnelly from Davy takes a look at Friday's business new headlines along with Emmet Oliver.
Artificial intelligence is fuelling a rise in hard to detect bots, that now make up more than half of global internet traffic. That's according to the 2025 Imperva Bad Bot Report.
Speaking to Emmet this morning was Rob Elliss, Vice President of EMEA for Thales Cybersecurity Products.
The UK and US have agreed trade deal terms with Keir Starmer's government agreeing to concessions on American food and agriculture to ease tariffs on car exports
Speaking to Emmet Oliver this morning with more on this was Professor of Finance Valerio Poti, Academic Director of the UCD Smurfit School Doctoral Program and Doctoral Research Centre.
This time 5 years ago most of us were working from home and amazingly it worked. Technology enabled us to do jobs without being face to face. But now that the virus has abated many employers want their staff in the office. But they have to offer incentives and make the workplace more attractive - especially Gen Zs. Savills have carried out a comprehensive survey of what people want at work and how much commuting they will tolerate.
To discuss the survey findings was Shane Duffy is a Director with Savills Ireland.
Sinead Donovan used to chair Grant Thornton under whose tenure the consultants went from 60 to 3000 staff. Sinead Donovan was also the president of Chartered Accountants Ireland as it merged with CPA Ireland and now she’s with the headhunters Barden as a non Executive Director.
I’ve asked Sinead to join us to talk about what boardrooms in Ireland should be thinking about amid some of the most uncertain economic environments since Covid shut us all down 5 years ago.
An Irish founded company Limbo has a new weight loss scheme which involves monitoring your glucose levels and food consumption tailored to each individual’s biology. And it claims that you will lose 12% of your body weight over 3 months. They’re chaired by the serial entrepreneur Pat Phelan and have the backing of the basketball giant Shaquille O’Neal and the former rugby captain Jamie Heaslip. Rurik Bradbury the Chief Executive of Limbo joined Joe on the show this morning.
Do you feel 78% wealthier than just before the Celtic Tiger crash? Well you should because on average on paper you are. That's according to research from the consultants Fordel, who also say that the average household has net wealth of €663,000. Of course much of that wealth is tied up in housing and that’s why no country in Europe has grown its average wealth as fast as Ireland over the past 11 years.
Speaking to Joe this morning was Stephen Felle the Chief Executive of Fordel.
The international film making circuit was rocked over the weekend when Donald Trump said he would be slapping 100% tariffs on US-owned TV and film production companies who don't make their movies in America. The American filming making sector made a $15.3bn surplus last year.
There are plenty of people in Ireland worried this week. Speaking to Joe this morning wasJohn Gleeson is tax partners with Saffery which advises the likes of Netflix and Disney on filming in Britain or Ireland.
To the surprise of almost no one in the pensions industry, Ireland’s auto enrolment scheme has been delayed again. This time to the start of next year. It’s designed to get the less well off saving for their retirement. But a new survey from Red C suggests that women are far less likely to have heard of the new scheme than men and they are the ones who will need more money in their dotage. With more on this Joe spoke to Teresa Kelly Oroz, Head of Public Policy and Governance with Irish Life.
John Cashman is the first legal whiskey maker from Co Wicklow. He makes the Fercullen 15 year old single grain whiskey on the Powerscourt estate and that’s now a recent award winner of the prestigious Worlds Best Grain category. But with Donald Trump slapping tariffs on all European imports and threats out there to hike that up to 200%, many in the whiskey sector are pausing or reducing output all over Ireland.
John Cashman the Head of Brand at the Powerscourt distillery and a recent whiskey Hall of Fame inductee spoke to Joe this morning all about this business.
Friday's business news headlines and markets along with Kate English from Deloitte and Joe Lynam.
The sustained cost of living increases in recent years have changed how consumers behave. They are increasingly looking for so-called “private labels“ to find value and quality. And a survey from EY suggests that consumers still like shopping in the traditional bricks and motorway rather than online.
Joe discusses these findings with Colette Devey, EY. Consumer Partner.
My next guest is from Texas but started her business as a cafe within a gay nightclub. Now she runs a vegan, coeliac wholesale and retail food business with a glass deposit scheme and a food waste digestion programme. It’s a great story and it’s our April Green Businessperson of the month sponsored by Repak.
Her name is Virginia O'Gara and her and her husband’s business is called MyGoodness.
Green Business Person of the Month with thanks to Repak.
Dublin Bay Cruises bring thousands of tourists, corporate guests and cruise ship passengers around Dublin bay every year. Now it's repurposed its St Bridget boat to run on Hydrotreated vegetable oil despite the eco-friendly fuel costing considerably more than standard diesel.
But what have they noticed about tourism in Ireland after the CSO said visitor numbers are down substantially year on year? Joe was joined on the show by Eugene Garrihy is the boss of Dublin Bay Cruises.
From next week, America’s busiest port Los Angeles expects the amount of traffic to fall by a third as a direct consequence of Donald Trump's 145% tariffs on imported Chinese goods. Similar drops are expected in Seattle and on air freight from China.
Much of this abrupt slowdown stems from companies holding off moving goods until this Trade war s either sorted or settles down. Hapag Lloyd with 300 giant container ships is the 5th biggest shipping company in the world and Nils Haupt from Hapag Lloyd joined Joe on the show this morning.
The continuing rise in the population and especially in the workforce means that investors are looking increasingly favourably at Ireland’s so-called ‘Living sector’ which includes private rentals and student accommodation. That’s the view of the property advisers Cushman & Wakefield, who also think that the commercial sector may have bottomed out. But will our notorious Planning system scare off would-be investors in the market?
Tom McCabe from Cushman & Wakefield joins me now
The Central Bank of Ireland said a few weeks ago that profit levels among Irish insurers were 2½ times those in other European countries.
Now the government is calling for ideas from stakeholders in the insurance sector by launching a public consultation. But what can be achieved now that couldn't be achieved over the previous decade?
All to discuss with Robert Troy is the Minister of State at the Department of Finance with special responsibility for Financial Services, Credit Unions and Insurance.
It’s been around since 1978 and has recorded music by some of the world's most famous artists including the Rolling Stones, Kate Bush, Myley Cyrus and a local band called U2. Windmill Lane recording studios may no longer be on the quays but it still trains the next generation of music engineers and is one of the more popular tourist sites in the city. Speaking to Joe this morning was Naomi Moore is the chief executive of Windmill Lane Recording Studios.
Earlier this week Donald Trump said that the US was in daily talks with China over a trade deal. The markets reacted well. Then yesterday Beijing said there were no such talks underway and that none would begin until all the unilateral US tariffs on Chinese goods were removed.
Joe spoke to Finbarr Bermingham is the Brussels Correspondent for the South China Morning Post.
We chat to Austin Hughes on a regular basis about monthly or even quarterly consumer sentiment but now he’s thinking much further ahead to 2030 in fact. He also compares the consumer mood on either side of the border. For Example 37% of consumers here in Ireland think that the jobs market will be weaker whereas the number for the North is 39%. Households in the South think that their incomes will be higher in 5 years slightly more optimistic than in Northern Ireland.
Austin Hughes is the compiler of the Credit Union Consumer Sentiment Survey.
Last Autumn’s report by Mario Draghi was designed to ignite action throughout Europe and force it to focus less on regulation and more on competitiveness. Now in light of the global trade war, Ireland may need to step up its efforts to make its companies thrive on a global stage and be a bit less dependent on the US. Now the Government says it’s accelerating the competitiveness and productivity action plan. But what’s in it and what can be done given Ireland’s notoriously slow legal and planning system.
Joe spoke to Alan Dillon is the Minister of State for Small Businesses and Retail.
The cost of a full listing on the stock exchange can often be prohibitive for smaller or scaling companies. On top of that there’s the pressure of filing regular public accounts. Now in conjunction with Guaranteed Irish, the Dublin stock exchange or Euronext Dublin has launched a ‘Scale to Stay’ initiative alongside its new ‘Access’ market which is cheaper and easier to use for Medium sized companies hoping to stay and grow in Ireland. But is the capital market here big enough to attract would-be investors?
All to discuss with Niall Jones, Head of Listings UK and Ireland Euronext Dublin.
Paul Kavanagh from Patronus Partners joins Breakfast Business with the latest on the markets and global financial trends.
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Mark Price, former Waitrose CEO and UK Trade Minister, joins Breakfast Business to discuss his new book Happy Economics — and why the most successful businesses are often the happiest.
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Ciaran McCormack, Managing Director of DID Electrical, joins Breakfast Business to talk about their new partnership with Homevalue and how consumer confidence is holding up in retail.
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John Mullane of Cantor Fitzgerald joins Joe Lynam with the latest from the markets and how global events are affecting investor confidence.
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Pat Rigney, founder of the Shed Distillery, joins Breakfast Business as the threat of US tariffs puts Irish whiskey and gin exports under pressure; with warnings the sector could face real damage.
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Matt Cooper, Co-CEO of CrowdCube, joins Breakfast Business to explain how startups can raise capital through micro-investments, and how the model is helping Irish businesses grow.
Get all this brilliant conversation here.
Trump’s pause on tariffs might have brought some relief to many countries, but it could actually make Ireland more vulnerable when it comes to foreign direct investment
Trump may now be more likely to pursue tax reform that would be designed to encourage FDI companies, particularly pharma, to locate in the US. To discuss further with Emmet was Brendan Murphy, tax partner at Baker Tilly Ireland.
Businesses in Ireland are only starting to scratch the surface with how they can use technology to deliver their services and do more with less .One of the companies helping businesses discover that is Assiduous, which just secured one million euro in funding to deliver its services.
Speaking to Emmet on the show this morning was their CEO Fergal Meegan.
Ornua, Ireland’s largest exporter of dairy products and owner of the Kerrygold brand reports solid performance in a complex trading year.
Emmet was joined on the show by their CEO, Conor Galvin.
Identity fraud costs organizations an average of £7 million every year – equivalent to 8.1 million euros, according to the latest Future of Global Identity Verification report. And with the rise of artificial intelligence, attacks are becoming more sophisticated and harder to detect – so how can businesses fight back?
Speaking to Emmet this morning to discuss further was Tony Ball, President of Payments and Identity at Entrust.
Ireland’s leading home care provider, Dovida, has today announced plans to hire up to 1,500 caregivers across the country.
Speaking to Tom this morning was Shane Jennings, CEO of Dovida Ireland.
One of Ireland’s leading cosmetic surgery providers, The Avoca Clinic, has announced the opening of its first official centre in Dublin.
Niamh Murdock, CEO of The Avoca Clinic told Tom all about their plans.
This year marks the 30th anniversary of Cork’s Atlantic Flight Training Academy a remarkable journey from humble beginnings to a global pilot training hub. With a fleet that’s grown to 26 aircraft and partnerships with major airlines like Ryanair and VistaJet,
AFTA has become a true leader in aviation training. Joining us today to talk about that journey and what it’s like to be part of it is Captain Philip Smythe, Safety Director at AFTA.
The US government has granted tariff exclusions for smartphones, computers and other electronics imported largely from China, sparing them from President Donald Trump's steep 125% reciprocal duties.
This comes after President Donald Trump’s pausing his tariffs on dozens of countries including Ireland on Wednesday for 90 days to allow time for officials to negotiate with countries that have sought to reduce them. We discuss this and more with David McRedmond, CEO of An Post.
The Boatyard Distillery have announced their first distribution partner in the United States to accelerate multi-state expansion. To chat more about their expansion Tom was joined on the show by Managing Director, Declan McGurk.
Researchers in Cork are testing a new solar energy system that could help slash home heating bills.
Tom was joined on the show by Dr Pádraig Lyons, Head of Group at the International Energy Research Centre, who are pilot the state-of-the-art prototypes at the Tyndall National Institute.
We may be in the middle of a major trade war and probably in the foothills of a worldwide recession. Ireland will almost certainly be impacted. And indeed the consultants Morgan McKinley says that some employers are quietly letting some staff go.
Despite that, job opportunities for so-called white-collar workers were up 2% over the past year and even 7% over the past quarter. Interestingly, the number of people looking for opportunities was also up by even more – 16%. But companies are adjusting but not scrapping their diversity programmes.
All to discuss with Trayc Keevans, Global FDI Director at Morgan McKinley.
Think about all the millions of plastic gloves and aprons that are thrown away every day by restaurants, hospitals, clean rooms and other users of Personal Protective Equipment. HaPPE Earth is an Irish start-up which sells fully compostable PPE as well as offering a service to anaerobically digest food waste on site.
Mary O'Riordan,Co-founder and CEO of HaPPE Earth has been shortlisted for a Sustainability award with the RDS Foundation.
Sebastian Mallaby wrote a book about hedge funds called ‘More Money than God’ and in that book he writes about a ‘hedgie’ called Scott Bessent who played a huge role in betting against Sterling in 1992.
Sebastian Mallaby is the Paul Volcker Senior Fellow for International Economics with the Council on Foreign Relations joined Joe this morning.
Danish company Novo Nordisk came up with a revolutionary weight loss drug called Wegovy and Ozempic. Its rival Eli Lilly has Mounjaro and Pfizer is looking at developing one too. Now another Scandinavian pharmaceutical group Pila Pharma thinks it may have found another weight loss pill too.
Speaking to Joe this morning was Gustav Gram, the Chief Executive of Pila Pharma.
The Trump induced tariff war has already affected markets and international investment, but it could soon affect house prices. That’s the worry of the latest MyHome.ie house price survey. But at the moment they are predicting house prices to rose by yet another unsustainable 8% nationwide in the first quarter.
Speaking to Joe this morning was Conall MacCoille compiler of the MyHome.ie survey.
After another ridiculous day on the markets, companies all around the world are left scratching their heads. What do they do? And when do they do it? There is an argument that investment will stop entirely globally until there is more clarity. While it does expect economies to suffer.
Supply chains will also need to be reevaluate. Allie Renison Associate Director with the consultants SEC Newgate is a real expert on Global trade issues who knows her way around Britain, Ireland, and the US. Allie joined Joe on the show this morning.
ESG or environment, social and governance issues have been under attack since electorates on both sides of the Atlantic moved to the right. Trump has ordered an end to all Diversity programmes. But what about here in Ireland? Should we stick with ESG matters and do our bit to protect the environment and minority groups?
Chief Executive of Repak Zoe Kavanagh certainly thinks so and that’s why her company is sponsoring the ESG award as part of the Newstalk Changemaker awards.
Paul Kavanagh from Patronus partners along with Joe Lynam takes a run through of Monday's international business stories.
The number of buildings which started construction is up 65% compared with 2022 but the number of homes actually completed fell last year to 30,000. With a housing crisis almost hitting middle age, how can these anomalies be allowed to continue?
Danny O’Shea from BuildingInfo.com which collates all the country’s construction data, joined Joe this morning to discuss further.
Ian Hyland is the chief executive of Ireland Inc and new owner of Windmill Lane Studios. He also played host to the ECB president in a major ceremony on Wednesday and he’s also the boss of Ireland Inc with deep connections in the United States. So what does he make of the global tariff war initiated on Wednesday night?
Ian joined Joe this morning on the show.
Customer service matters or at least it should matter. Close Brothers Motor Finance, finances thousands of car purchases in Britain and Ireland and they are sponsors of the Customer Service award for the forthcoming Changemakers on Newstalk. Joining Joe in studio this morning was Peter Pedlow, Director of Sales Close Brothers Motor Finance.
We take a run through of Friday's business news headlines along with Aidan Donnelly from Davy.
So now we know. A minimum tariff of 10% on all goods entering the United States, and an across the board tariff of 20% on all goods from the European Union and tariffs of over 50% now on Chinese exports to the United States.
There was no mention of a tariff on pharmaceutical products which is so vital to our economy, yet.
To take a insight into these tariffs and what it means for Ireland. Joe spoke to Michael Lohan is the chief executive of the IDA which has been the most effective agency in luring foreign and especially American investment into this country. Also with Joe was Ambrose Conroy is the chief executive of the manufacturing consultancy Seraph which has a business both in Ireland but mostly in the US.
Some have warned that the tariffs to be announced this afternoon in the Rose Garden in Washington could be a bigger financial calamity than the great financial crisis of 2008. Others have called for cool heads and for the EU to respond very carefully to whatever tariffs are announced.
Either way change is on its way to world trade patterns and investment and Ireland could be disproportionately impacted.
Joe discusses this and more with Mike O’Sullivan the Director of Unio Wealth Managers and the author of 'The Levelling and How Globalisation Is Coming To An End'.
This week it emerged that the EU commission had responded to a question from an MEP using AI. And last month McDonalds said it would use AI in all of its American drive thru outlets. So adoption is happening - whether we like it or not. So how do ordinary companies use AI in an ethical or cost saving way and how do we ease people out of the business who refuse to retrain or change work functions?
All to discuss with Rohan Gupta who is Deloitte’s Global Leader for Enterprise AI.
Nua Money is a non bank mortgage lender, which has been in the home loan market for less than a year. Alongside normal home loans, Nua has also just launched a new Freedom product which can release so-called ‘mortgage prisoners’. Now with interest rates falling Nua might be able to steal some market share from the pillar banks. Speaking to Joe this morning was Mark Watson the Chief Executive of Nua Money.
Something worrying is underway in Irish tourism. The number of visitors to this country in February was down a whopping 30% on the same time last year. And those who did come spent less as well.
The great and the good of the tourism sector meets in Killarney this week as part of the ‘Meitheal conference’ and one of the key speeches will be from the Tourism Ireland chief executive is Alice Mansergh who joined Joe on the show this morning.
Datavant is an American health data platform which helps companies in the healthcare sector to process the terabytes of data garnered every year from patients and hospitals. Now they are opening in Galway and creating 125 jobs in the first phase. Datavant adds to the growing Medtech cluster in the West of Ireland which already includes Medtronic, Boston Scientific and Aerogen. Ciaran O’Toole is Datavant Vice President, Engineering and Galway Technical Lead and joined Joe Lynam on the show this morning.
The number of companies going into insolvencies fell in the first quarter of this year. And according to PwC creditors are more patient these days than banks or the taxman. They are just 2 of the findings in the latest insolvency report, which also found that not as many retailers went bust this year than last year just after Christmas. Ken Tyrell is the Business Recovery Partner with PwC and joined Joe Lynam on the show this morning.
Russ Mould from AJ Bell joins Joe Lynam for Breakfast Business to go through all the big business news.
Anne Butterly is March’s Repak Business Person of the Month.
Anne is the brain behind EasyDry, a strong disposable paper towel business that you’re sure to see in most hairdressers across the country.
In the process, those same hairdressers have saved an estimated 4 litres of water for every towel no longer washed.
The UK state pension currently stands at £170 or just over €200 a week.
That is about €63 less than here in Ireland but nothing to sniff at if you worked for a few years in Britain – and you may be entitled to it.
But the deadline is rapidly approaching to buy up to 18 years of credits at a low rate.
John Ring is the chief executive of XtraPension and he join Joe Lynam to go through your best approach.
Deloitte’s Kate English joins Joe Lynam for Breakfast Business to go through all the big business news from the past week.
Tom Hayes used to be a trader with the investment banks Citigroup and UBS based in London.
He was found guilty in 2015 of manipulating the key LIBOR interest rate -- something he always vehemently denied.
But this week - after serving 5 years in jail - he appears before the top court in the UK hoping to overturn that conviction and clear his name.
Andrew Verity, correspondent with the BBC and author of book this case called ‘Rigged,’ joins Joe Lynam to go through the latest on this case.
Dr Conor O’Toole from the ESRI joins Joe Lynam to go throw the growth forecast for the Irish economy this year.
the ESRI says that even if 25% tariffs are applied on Goods entering the US and the EU retaliates; growth -- measured as Modified Domestic Demand -- would still be a healthy 2.8% this year before falling to 2.1% next year.
Kathryn Hannon from RBC Brewin Dolphin joins Joe Lynam to go through some of the big economic news across Europe.
From The UK’s Spring Economic Statement to positivity in the German market, get all the latest here.
Joe Lynam is joined by Matthew Coffey; the co-founder of Squid Loyalty which provides customer insights via loyalty programmes to businesses.
Matthew raised €1.7m in a share offering last week which was paid for by ordinary retail investors as a type of crowdfunding, an innovative way to tap venture capital in a world that traditionally relies on bank loans or state investment.
The switch in fortunes between the American and European stock exchanges since Donald Trump came to power has been swift and pronounced.
But is it a blip or a trend?
Joe Lynam is joined by Gary Connolly, Head of Advisory and Execution-Only at Davy to go through the change in markets today.
Although Trump hasn't yet enacted a global tariff on all goods coming into the United States, the mere threat of it happening as early as next week has disrupted the cost of doing trade as well as supply chains. Companies are looking at who they trade with and where they make their products to avoid tariffs which could be life threatening for some businesses. So how bad is the issue? Joe asked Grit Young the EY Ireland Technology, Media and Entertainment and Telecommunications Industry Leader.
The Central Bank of Ireland has updated the Consumer Protection Code for the first time in 13 years. From March next year banks will have to clearly set out for homeowners how much they will pay for mortgages and what the options are in plain language - when they come to the end of their fixed rate period. This new code comes despite the central bank disbanding the consumer protection division. With more on this Joe spoke to Derville Rowland, the Deputy Governor of the Central Bank of Ireland.
Everyone knows that buying a house is one of the more stressful things you can do in your life. If you're selling, you're worried about the buyer finding issues in the title and if you're buying you can't wait to get in but their side delays. The problem of course is that conveyancing is still a very analogue business and totally out of date. Mike Stack is the chief executive of Beam has a new platform which he says will slash the average time to sell a house from 16 to 4 weeks. But how? Mike explains all.
We’re about a week away from what Donald Trump calls ‘Tariff day ‘on April 2nd. We don't know how much or on what goods but it’s going to be disruptive for global trade. So what is the mood among the lobbyists in Washington whose clients hope to avoid getting caught in the Trump trade wars? Speaking to Joe this morning was Anthony Campau who served in the first Trump White House and now leads federal advocacy for the law firm Clark Hill in Washington.
Ireland is not famed for its steel industry we usually outsource heavy industry to other bigger nations. But we do make the stuff and a Laois business is investing €16m in its plant which will create 62 jobs in the Midlands. And as Europe rearms, they could end up being far busier than they expected a year ago.
Speaking to Joe on the show this morning was Tony Woods the boss of Midland Steel.
Friday's business news and markets along with Joe Lynam and Aidan Donnelly from Davy Stockbrokers.
43% of us have no savings and are struggling financially and almost a third of the key age group of 35-54 year olds have no pension savings. They are the result of a survey by the financial education consultants LIA which highlights an overwhelming lack of confidence in money matters.
Joanne Keane is the Chief Executive of LIA joined Joe in studio this morning.
The energy provider Flogas will be providing all of Emerald Park’s renewable energy from now on. The deal involves solar panels, recharging points and guaranteed sourced renewable energy for the adventure park formerly known as Tayto Park.
Joining Joe on the show was John Rooney the Chief Executive of Flogas.
Yesterday Avant money launched a new mortgage product called Flex Mortgages. It’s the latest offering from Avant which is owned by the Spanish company BankInter which is deepening its investment in Ireland every year and putting it up to the pillar banks. Brian Lande, is the Head of Mortgages for Avant joined Joe this morning.
Inward investment has helped make Ireland one of the wealthiest and most prosperous countries in Europe. But FDI has been turned on its head by Donald Trump who has started a global trade war and aims to punish nations who he thinks are taking advantage of the US tax system.
So attracting overseas investment is getting harder. What will Ireland’s IDA do? Michael Lohan the Chief Executive of the IDA joined Joe on the show this morning to discuss.
The US remains the biggest single market for its goods exports - notably in the pharmaceutical sector. But the threat on that sector from the White House has started to undermine the Irish economy according to the latest Central bank quarterly assessment. The report said that geopolitical and tariff concerns have blurred the picture for the Irish economy. But it says that domestic growth will continue at a decent clip and real wages will continue to rise.
Joe spoke Robert Kelly, the Director of Economics and Statistics with the Central bank of Ireland and began by asking about overall growth.
Open AI, Gemini, Grok and latterly Deepseek. All services we had never heard of three years ago but now very much in the lexicon. But which one is the best and most accurate and even most honest? An Irish AI company Calypso has assessed them all with their new software called Argentic Warfare. It is also used to stress test the vulnerabilities of AI systems by pretending to be a hacker.
Speaking to Joe this morning was Donnchadh Casey, Chief Executive of Calypso AI.
The Irish Times did a feature recently on why everything appears to be more expensive here than most other European nations. Our rents are the highest in the EU and our restaurants and hotels are 28% higher than the average in Europe. Our Energy costs are 18% higher. But Energy companies are making huge strides to cut their carbon footprints.
They're also trying to encourage sustainability in the workplace by sponsoring that award in the forthcoming Changemaker awards being hosted by Newstalk. Stephen Gallagher is the Managing Director of SSE Airtricity, proud sponsors of the Sustainable Workplace category for the Newstalk Changemaker award.
Austin Hughes from AJ Bell takes a run through all of Friday's business headlines with Joe Lynam.
So the evenings are getting longer and the temperature is rising a bit and so the annual spring clean is underway in many homes. But does that extend to our technology? Shouldn't we also clear out the old unused files and perhaps even throw out out of date phones, printers, cables and software?
One person who certainly thinks so is Ciara O’Brien is the technology correspondent with the Irish Times.
The 6 nations rugby comes to a close tomorrow. Ireland fell short this year against a very strong French side. Rugby as a business has boomed in these nations off the field as well in recent decades and much of that is down to public equity investment. But with a clampdown on head injuries will the declining physicality of the game damage the income being earned by it off the field?
Robert Brophy is the former CFO of World Rugby and now with Interpath Ireland which was involved in the review of Manchester United at the end of last year.
AI adoption could soon raise Gross National Income per person to €160,000 and put a rocket under growth according to a major report carried out by Microsoft and Trinity College. But nearly two thirds of bosses say their staff illicitly use AI for their work against company policies. Also there’s a major skills gap emerging between those who have and are comfortable with AI and those being left behind.
Joe spoke to Dr. Ashish Kumar Jha, Associate Professor of Business Analytics at Trinity Business School and co-author of the report.
The number of tourists coming into Ireland in January was down 25% on the previous year. But more worrying, the amount of money they spent fell by even more - 28%. On top of that the dollar is losing ground against the Euro which means US visitors will find Ireland even more expensive than last year. So as we prepare for the key St Patrick's day weekend, how are we fixed for a sector which is vital for more remote parts of the country?
Orla Carroll is Director of Product Development with Failte Ireland and discussed this and more with Joe this morning.
Donald Trump raised tariffs on Canadian aluminum to 50% last night. That was in response to the application of a 25% tariff on all electricity sold by the Canadian province of Ontario to northern US states including New York. The escalation and tit for tat between the 2 otherwise friendly neighbours is shocking the world. Speaking to Joe this morning was Deirdre Giblin Director of Development and External Engagement at National College of Ireland National college of Ireland but is also with the Ireland-Canada Business Association.
João Vale De Almeida was the EU ambassador in Washington, the United Nations and then in London and has served under 6 EU commission presidents. He’s met Putin 15 times and has seen a few trading and geopolitical missteps in his time but his latest book kind of sums up the state of the world right now. It’s called ‘The Divorce of Nations’ and João Vale De Almeida spoke to Joe this morning.
Have you ever wondered what happens to all the unsold food in restaurants at the end of the day? Much of it alas gets thrown out and totally wasted, some of it is given to the less fortunate and food banks but a growing amount of that food can now be purchased online before the restaurant closes at knockdown prices. And the website which is spreading fast for that purpose is Too Good to Go.com and Machaela O’Leary is the Sales Manager with ‘Too Good to Go’.
It’s World Consumer Rights day this weekend - do you know yours? Or are you the ‘shrug your shoulders’ type once you discover you were treated badly or bought faulty goods? The Consumer Watchdog the CCPC was up last year by 13% to 44,247.
The number one complaint concerned cars and the amount in question was a substantial €6,000 on average. Speaking to Joe this morning wasGrainne Griffin from the CCPC.
Ireland is not famed for its sunshine but thousands of households are now benefiting from free energy from solar panels and we’re now even developing new types of solar engineering in this space. Gary Connolly, Commercial Director, ACtiv8 Solar Energies Ireland has launched a new solar product which he claims performs much better in Ireland’s changeable and often windy and cloudy weather. Gary joined Joe on the show this morning.
We have a look through Monday's big business new stories with Joe Lynam also with Ross Mould from AJ Bell.
Property conveyancing is the legal transfer of property title from seller to buyer. But the law dates back to 1885 and it’s an anachronistic, analog and slow process in a digital age. And now the estate agents and auctioneers in the Institute of Professional Auctioneers and Valuers are looking into how to speed up the process and drag it into the 21st century.
Joining Joe on the show was Pat Davitt is the chief executive of the Institute of Professional Auctioneers and Valuers (IPAV).
Friday's business news and markets along with Joe Lynam and Kate English from Deloitte.
It’s international women's day tomorrow and we have two pieces of good news. Ireland has been named 2nd in Europe for investment in women-led start-ups. Also a study from Trinity found that the average daily rate for female contractors is now higher than for men.
So joining us to discuss their own senior jobs and positive changes such as these we have Lisa Toomey is the Hotel Manager with Ashford Castle, Emer Higgins is the minister of state at the department of Public Expenditure, NDP Delivery and Reform with special responsibility for Public Procurement, Digitalisation and eGovernment and also Natasha Jamal from MasterCard.
We are in a major tariff war started by Donald Trump. Canada, China and Mexico are the initial victims but the EU including Ireland is bracing for sweeping tariffs on their goods entering America from next month. But how do tariffs work and what can the EU do to counteract them without damaging its own economy?
All to discuss with John O'Loughlin, Partner for Global Trade and Customs at PwC Ireland.
You get home after a busy day but find an empty fridge or freezer. You don't have all the ingredients for the type of cuisine you've had on your mind for hours. Philip Doran's business provides all the exact ingredients including garnishes, sauces and condiments for even the most taxing of recipes. And this week they delivered their 3.5 millionth meal. They are HelloFresh and Philip Doran is the Chief Executive and he chatted to Joe about his business this morning on the show.
There was a time when all that mattered was getting American companies to invest in Ireland. Now in Trump-world, the goal is getting Irish firms to set up in the US. Ireland is already the 6th biggest investor in the US in absolute terms employing 110,000 Americans. So what will the new Strategy be for Enterprise Ireland the agency charged with creating export champions?
All to discuss with Michael Carey the Chair of Enterprise Ireland.
Spectrum Life helps insurance companies and other employers find the right healthcare professionals often using AI. It does that through the use of its digital platform and now provides services to more than seven million people in Britain and Ireland through insurers like Bupa and some universities.
Joe spoke to Stephen Costello the Chief Executive of Spectrum Life.
David McRedmond run TV3, he now runs An Post and he is also the chair of the Dublin taskforce Only last week he expressed despair at applications for large scale housing construction being rejected once again under pressure from local residents.
David McRedmond, Chief Executive of An Post and Head of the Dublin taskforce joined Joe in studio this morning.
Last week the OECD said that the Irish economy was robust and the outlook better than many European counterparts. As usual the report also highlighted well known issues including capacity constraints and soaring spending. So what does the OECD worry about when it comes to this country?
Speaking to Joe this morning was Müge Adalet McGowan is an Economist on Structural Policy Analysis with the OECD in Paris .
Directors are now personally responsible for some of the actions that their company takes in some sectors and the days of megalomaniac Chief Executive‘s and chairs appear to be over. In fact, such are the responsibilities on boards that there’s a new diploma course being taught by the Law Society.
Speaking to Joe this morning was Gerard Ryan and he’s Head of Corporate at Eversheds Sutherland and teaching the new Diploma in Director Skills and Duties.
It’s not easy to become a major player in technology when you're miles from the big urban centres but that’s what Fexco has done in Killorglin in Co Kerry. Today the Fexco-owned RDI hub or research, development and innovation hub marks its 5th anniversary. It has channelled €250m in investment and created a regional hub in the South West of the country. Today it launched a new regional community alongside Enterprise Ireland.
Liam Cronin is the chief executive with Fexco’s RDI Hub in Killorglin joined Joe on the show this morning.
On Wednesday night Nvidia posted an 80% jump in quarterly profits. People have become used to that AI chip developer surpassing expectations. But the backdrop to that is the arrival of the Chinese AI search engine Deepseek which shook up the entire sector. So was the panic which was caused by Deepseek over done or is this death kick of US AI and the trillions that is expected to be injected into the sector?
To discuss further Joe spoke to Newstalk Technology Correspondent Jess Kelly,
All with thanks to PwC.
As we all know, there’s a race to harness AI for economic advantage. But could paying a compliment to your colleague help make the entire business more successful? An Irish company- originally from Tallaght called WorkHuman has launched a new product called Human Intelligence and claims it will make AI in the workplace far more human. And it’s a lot to do with how staff members interact with each other.
Speaking to Joe this morning was Jonathan Hyland is Chief Technology Officer with WorkHuman.
Repak has been around since 1997 way before climate change policies and the Green deal were ever heard of. The idea was to get companies that produce a lot of packaging to think long and hard about how the packaging gets disposed of once the customer is finished with the product. Repak was around well before many of its similar agencies were established in Europe.
Joining Joe this morning in studio was Gary Browne a Packaging Technologist, with Repak which is sponsoring the Green Business person of the Month.
In our highly connected world where it’s not unusual to have dozens of devices using the internet at any one time in many households. The biggest scourge is often not broadband speeds but the so-called ‘Not spots’ - those corners of the house which wifi can't reach. Eir claims that its latest wifi technology called wifi 7 may have solved that conundrum. Speaking to Joe this morning on the show was Susan Brady Managing Director of Consumer and small business with Eir - and began by asking about its new concept of Wide-fi.
Every day is a Musk news day. Meanwhile sales of his Tesla cars once prized among the emerging middle class have plummeted by up to 75% in some European nations as would-be owners are frightened away by his lurch to the far right. So what is eating Elon Musk? To discuss Joe spoke to Liz Carolan is the publisher of theBriefing.ie the newsletter about technology and politics, through an Irish lens.
On the 3rd anniversary of the invasion EU foreign ministers agreed a 16th package of sanctions against Russia targeting oil shipments this time. But previous sanctions have not collapsed the Russian economy in 3 years, then why bother with even more?And what happens if the US unilaterally lifts sanctions, but Europe doesn't?
All to discuss with David O’Sullivan the EU’s Special envoy for monitoring sanctions on Russia.
Russ Mould from AJ Bell joined Joe this morning to run through Monday's business headlines.
The centre right CDU party won the most seats in the German election yesterday with the far right AFD party second on just over 20% percent. Now the question is who the CDU leader Friederich Merz will form a coalition government with in order to kick start a moribund economy,Europe’s most important.
But the backdrop to this vote is the awful anniversary of Russia’s unprovoked invasion of Ukraine exactly 3 years ago and the geopolitical upheaval of Donald Trump. So to discuss what all this means for the European economy Joe spoke to Monika Bickauskaite-Aleliune formerly with the German Marshall Fund and currently the public policy director at the Key Elements Group along with Matthew Karnitschnig The Editor In chief of Euractiv.
Kate English from Deloitte joined Joe this morning to look at the markets and to discuss the latest business news.
Live sports streaming is up 50% over the past 4 years. Recording and downloading Podcasts are also up dramatically in that time. But so too are download speeds. Now Virgin Media is upping the ante by introducing the fastest ever broadband for Irish homes and small businesses: 5 Gigabits per second. Joe caught up with Paul Higgins, Virgin Media’s Vice President of Consumer.
Germany goes to the polls and the backdrop could not be starker for Europe’s largest country. The economy appears to be in an unstoppable economic slide and the postwar geopolitical stability appears to be unwinding with the threat of war rising. So what will Germans do and what sort of coalition can be cobbled together to right the ship?
Managing Director of Cantor Fitzgerald in Frankfurt Michael Harbisch joined Joe this morning on the show.
There has been a princely 1 hour of sunshine on the East coast over the past 11 days. If that wouldn't make you want to move to a sunny Atlantic island, perhaps a corporation tax rate of only 4% might. That’s the attractive new headline rate if your business meets the criteria to set up in a special industrial zone.
Joining Joe this morning was Catherine Noone former Senator and now Chair of the Lanzarote Ireland Network.
Since the retreat of inflation from nearly 10% 2 years ago to just over 1% today, wages have risen in real terms over the past year. They look set to do so this year again according to the latest salary guide from Morgan McKinley. But pay rises overall will be more modest at 2 to 3%. In terms of who is earning the most. If you work in technology, finance, compliance or construction then you will have the upper hand when haggling with your boss. The problem though is that only a fifth of employers publish salary ranges.
All to discuss with Trayc Keevens is the Global FDI Director with the Irish owned Morgan McKinley Consultants.
The slow down in the multinationals sector over the past two years has been confirmed by the Department of Enterprise. To discuss this further Emmet Oliver was joined by Economist Austin Hughes.
The Office of Government Procurement (OGP) has been recognised with a certification in Ethical Procurement from the Chartered Institute of Procurement and Supply (CIPS). Emmet speaks to Minister of State for Public Procurement, Emer Higgins.
House building is rarely out of the news these days especially since the government fell so woefully short of its own completion targets last year. Evara is the largest privately owned home builder in Ireland and aims to build 1500 houses a year starting next year. It’s also given itself a full rebrand to stress its deep roots and longevity. Joining Joe this morning was Michael Hynes is the chief executive of Evara formerly known as Quintain.
The rate at which Irish consumers increased their spending has jumped by 6.1% between January and December. There was a marked surge in spending on gym memberships as overindulgent consumers tried to reinvent themselves. That’s the view of the latest Consumer spending trends from Bank of Ireland and to discuss the findings further was Conall Mac Coille the Chief Economist with Bank of Ireland.
Financial services technology or Fintech has been with us for awhile and has transformed her many of us interact with Banks and new entities. We had never heard of it 15 years ago. But with the arrival of AI, is Fintech going to adapt and change things even quicker and even more substantially than before and what does it mean to the three pillar banks in Ireland?
John O’Beirne is the new chair of the Fintech and Payments Association of Ireland and the CEO of Square.
1914, 1939, 1989, 2001 all years that have proven to be pivotal in how the world works. Is 2025 set to join that list? Is the western alliance and trading system about to break up? If so, does Europe look to trade more with China and India and less with its natural ally the US? Also what will Europe do if America abandons Ukraine and imposes tariffs on its erstwhile allies.
To discuss this and more with Joe was Mike O’Sullivan is the author of the Levelling which predicted the consequences of deglobalisation. He’s also a Director of Unio wealth managers.
There has definitely been a mood change among the big US technology companies since Donald Trump won the election last November. Where they might have been accused of being ‘woke’ beforehand they certainly aren't now. . All of them appear to be dumping its diversity and inclusion policies.
All to discussion with Newstalk Technology Correspondent Jess Kelly.
Friday's business news and markets updates along with Joe Lynam and Kate English from Deloitte.
Romance knows no boundaries they say but it can cost you your job in some countries just ask the former bosses of BP and McDonalds. We’re not as strict in Ireland about office relationships but company bosses need to set some clear rule especially when one part of the new romance reports to the other.
Joe discusses further with Mary Cullen is the Managing Director of Insight HR.
The very act of getting legal advice means you are either in or about to enter some sort of dispute with someone or something. Larry Fenelon is launching a new legal practice which he says will be ‘conflict free’ in terms of commercial disputes. Fenecas Law also enters a pretty full marketplace which is consolidating with bigger international players swallowing up smaller Irish outfits. Larry joined Joe in studio this morning.
It’s been 6 months since the packaging giant Smurfit Westrock formally delisted from the Dublin Stock exchange. In that time, shares in the newly merged entity have soared 40% vindicating the decision to quit in many ways. The company, which is still headquartered in Dublin, posted a 4th quarter net income of $146m though it expects to earn an EBITDA of over $1.1bn.
Though it’s set to be an interesting time for Smurfit in the US as that nation rows back on its recycling and DEI positions. Joe discusses all with Ken Bowles the Chief Financial officer with Smurfit Westrock.
Europe, for many, is at a trading crossroads. Its traditional military ally and trading partner the US is slapping tariffs without provocation and even looking to seize sovereign European more specifically Danish territory. It means that the law of unintended consequence says that Europe may well consider trading more rather than less with China with the EU commission president hinting as much this week But with 27 different member states sitting about the table, with 27 different views, how would that work?
To discuss further with Joe was Finbarr Bermingham is the Europe Correspondent with the South China Morning Post.
ASD or Autism Spectrum Disorder, affects how young people communicate with others, if they do at all and for some, they can never lead independent lives. One medical research company in Co Kerry hopes to find a treatment for those with ASD and has started clinical trials of a new drug which could be transformative. But getting from trials to the pharmacy shelves is a complicated and often very expensive process.
Joe was joined on the show this morning by Professor Liz Shanahan the Founder and Chief Executive of Kingdom Therapeutics.
Donald Trump has confirmed that he will be slapping 25% tariffs on all steel and aluminum coming to the US. That will almost certainly face retaliation from Europe and China and underline the fact that we are in a trade war. It comes as government imposed costs at home for companies are rising rapidly and Ireland looks set to miss out on the AI revolution. Speaking to Joe this morning was the Managing Partner of EY - Frank O’Keefe.
As most employers will know pension auto enrolment is supposed to start for all workers in the autumn. It means that they will be automatically enrolled in the workplace pension scheme unless they expressly opt out. It aims to bring the less well off into saving for their retirement to reduce the burden on the State. But are employers ready since they will be carrying a substantial financial burden?
With more on this, Joe spoke to Keith Dundon, the Head of Financial Services with SYS Financial.
Sweden has the highest number of Unicorns in the world outside of Silicon Valley.
Jim Dowling is the founder of Hopsworks.ai and he hopes to join the club of billion dollar companies and that’s why he’s based there. He’s an Irishman whose company makes the picks and shovels for machine learning in the AI age. He also wants to keep the AI talent and technology in Europe but is but is worried that the continent lacks its own technology or infrastructural independence in AI. Joe spoke to Jim this morning on the show.
Do you order lots of clothes online and then return them if they don't fit or you simply don't like them? Well you may be one of the reasons why the fashion industry accounts for up to 4% of global emissions. 100 billion garments are made every year and 70% of them are plastic-based textiles such as polyester or Nylon. Almost 90% of these shirts and coats and trousers will end up in landfills. Terran Fielder is with the NGO EarthDay.org and believes it doesn't have to be that way.
Organisations should think beyond compliance and embrace sustainability as a driver of long-term value for Ireland’s economy and society. That’s the call from Nessa Whelan, Executive Director of UN Global Compact Network Ireland, the newly introduced Irish network of the world’s largest corporate sustainability initiative. Nessa joined Emmet this morning on the show.
Despite record housing construction commencements last year in Ireland, completions still fell short. That’s according to findings from the Construction Information Services latest report.
Speaking to Emmet this morning was Scott Delaney, CIS Research Manager.
Throughout the 90s and the 2000s, the world became a smaller place in trading terms and globalisation was dominant. But now in the age of Donald Trump, tariffs and trade sanctions are very much on the menu. But do tariffs actually work or do they in fact encourage the tariffed nation to innovate more and potentially become an even bigger arrival as is the case with China? All to discuss with Macro-Economist with Global Geopolitical Research Christian Takushi.
We live in an age where appearances matter and forming a good first impression is important. None more so than your smile. Hamish Khayat developed his first dental hygiene products when he was at school and has now built up an empire including electric toothbrushes, floss and teeth whitening strips for sale all over the US and UK. Now he’s arrived in Ireland selling his Burst oral care in McCauleys pharmacies. Hamish Khayat Co-Founder and CEO of BURST Oralcare spoke to Joe on the show this morning.
€900 not bad for a few minutes work. That’s the average refund for people who file their tax return online. The Revenue wants more people to use the MyAccount facility online and join the 440,000 people who were entitled to a refund that's 80% of all those who filed returns last year.
For advice on how to file your tax return Joe spoke to Aisling Ní Mhaoileoin, Manager of Revenue's National PAYE Services.
Europe has continuously lagged the US in terms of startups and capital investment in new companies. Much of that is down to the perception of red tape that exists when operating across the 27 member states. There is a new proposal which aims to get over this by creating an EU wide recognised legal entity called an EU Inc.
Joe was joined on the show by serial investor Andreas Klinger who led this proposal and began by asking him whether it was indeed messy to start a business in the EU these days.
25% that’s the new tariff that the US has provisionally placed on its closest and biggest trading partners Canada & Mexico. Their crime supposedly not adequately combating illegal migration and the opioid crisis. That's despite Trump renegotiating a trade deal himself with both nations to create the USMCA when he was last in office. To discuss these tariffs Joe spoke to Brad Setser who was part of the Obama administration and is now a senior fellow with the Council on Foreign Relations.
The total value of pension savings in Ireland stands at €142bn and rising. Most of that money will be invested in bonds and equities but most of those shares will be large American companies who aren't shy of a bob or two. Speaking to Joe this morning was Alan Merriman the Chief Executive of Elkstone and he believes that a certain proportion of our huge savings pot should be required to be placed in Irish companies to support startups here rather than in America.
The largest private healthcare insurer, VHI, announced across the board price increases yesterday. That will affect hundreds of thousands of customers. Overall, around 50% of Irish adults have private health insurance. That is among the highest in Europe. The body charged with ensuring fair play and that you are not overpaying is the health insurance authority.
Brian Lee is the Chief Executive of the Health Insurance Authority joined Joe this morning on the show.
Friday's business news headlines along with Joe Lynam and Kate English Chief Economist with Deloitte.
As we all know from 2007, a booming economy can collapse very quickly if there’s a major external shock. We’ve similarly low unemployment and high house prices today. So are we just as vulnerable to a serious Trump-shaped externality? Are about to entirely miss the AI boat in Europe?
To discuss further Joe spoke to Neil Hughes the Chief Executive with Azets Ireland.
Despite a robust economy Irish business owners and managers have been screaming out that they are bearing the burden and that profit levels have been cut through higher minimum wages and a slew of new benefits for employees including sick and holiday pay. The hospitality sector has been among the most vociferous in its demands for a cut in VAT rates. They look as if they’ll get their wish but will the new government slash red tape and really encourage entrepreneurialism?
Joe discusses this further with Peter Burke who has been retained as the Enterprise Minister and Joe began by asking him what employers can expect from the new government?
Two large South American nations have been in the news lately. One displeased Donald Trump and the other has managed to turn a huge budget deficit into a surplus. Colombia faced immediate tariffs of up to 50% at the weekend because it refused to accept its immigrants deported in shackles from the US. Meanwhile Argentina’s far right president appears to have pulled an economic rabbit out of a hat. To discuss these issues further Joe spoke to y Jon Farmer the Editor of Latin American weekly report.
We’ve spoken about the energy required to run data centres in the past and how AI will drive that energy demand through the roof. But the sudden arrival of DeepSeek from China seems to suggest that you might not need the type of scale that the US technology giants have been advocating.
Indeed Deepseek has suddenly forced investors and engineers to think again about how AI can and should work. Karen Hao used to write for the WSJ and The Atlantic and was the first to profile OpenAI before the rest of us had heard of it. Joe spoke to Karen on the show and began by asking her about these externalities associated with AI.
The formation of a centrist coalition should be positive for housing, planning, regulation, and infrastructure. However Trumpenomics, including a potential tariff war and a radical cut in Corporation tax in the US could pose problems for the commercial property market. They are some of the assessments of the latest property outlook for 2025 by CBRE. Speaking to Joe this morning was Colin Richardson Head of Research at CBRE.
You had probably never heard of the Chinese AI company Deepseek until last weekend that is. It released a Gen AI model which has proven to be just as good if not better than ChatGPT except it cost a mere fraction of what OpenAI has pumped into ChatGPT. It’s caused consternation on the markets as investors fear they've overpaid for Nvidia which are the chips we were told have to use to create Gen AI models.
Speaking to Joe this morning was Emmanuel Adeleke is lead Partner with Deloitte for AI and data models.
Joe Lynam is joined by Neil Sorahan, CFO with Ryanair, to go through another profit loss for Europe’s biggest airline.
Joe is joined by Kathleen Brooks from XTB to go through all the big business news this Monday.
Joe Lynam sits down with the Chief Economist with Goodbody Stockbrokers, Dermot O’Leary, to talk the economist’s view of ‘Trump 2.0.’
‘The risks are on the whole tilted towards the downside’. That’s the glass half empty view of Goodbody stockbrokers as we start the first full week of the Trump presidency.
Through gritted teeth Ireland agreed to raise its long held Corporation Tax rate from 12.5% to 15% for large companies as part of the agreed OECD tax rules. But Donald Trump has now removed the US from that scheme entirely, placing its global implementation. On top of that he’s now talking about punishing countries that charge American companies higher tax rates as well as creating an External Revenue Service.
It all points to a major upheaval in how companies and governments will operate going forward and puts pressure on the EU especially because Trump believes that that Europe is treating America ‘very badly’. Speaking to Joe this morning was Andy Bounds Brussels Correspondent with the Financial Times.
In 2023 an employee of the Israeli company Wix, based in Ireland, was dismissed for posting pro Palestinian views on social media. She won compensation from Wix but the matter highlighted the grey legal area of what staff can say on public platforms which may or may not damage the reputation of their employers. Saying in your Instagram or Twitter profile that all views expressed here are personal, doesn't offer any protection. So what should companies do?
Speaking to Joe this morning was Michael O'Doherty who is is a practicing barrister, author of Internet Law and Chairperson of MIDBA - media internet and data protection Bar association
For many micro companies or would-be entrepreneurs, the LEOs or local enterprise offices dotted around the country are the springboard to make a go at their business. They provide advice, training and access to successful business leaders for mentoring as well as a place to set up shop.
Last year 7100 new jobs were created by the LEOs and 81% of them were outside the Capital. John Magee is the chair of the network of local enterprise offices joined Joe this morning on the show.
Ireland has a decent financial services sector. It is the 3rd largest country in the world for investment funds domiciled here. 14 of the top 15 aircraft leasing companies are based here. EY have carried out a survey of companies in this space and it found that Ireland needs to be careful not to get complacent and that countries like Poland or Sweden are stealing a march. To discuss further Joe spoke to Colin Ryan Partner in Financial services with EY.
Last year appeared on the surface to have been an amazing year for live music with huge concerts from Taylor Swift, Coldplay, ACDC and of course U2 in the Sphere. But lower down the food chain things are not so rosy in the live music circuit in Europe with many venues shutting down or reporting a surge in costs.
Fernando Bittencourt Hersan from LiveEurope which represents live music venues joined Joe on the show this morning.
The annual jamboree of the wealthy and famous starts today in the Swiss ski resort of Davos. The person that everyone will be talking about won't be there in person and will join via zoom on Thursday. But the rich are set to get much richer and the tokenistic nods to diversity and fairness looks set to be washed away. Suzanne Lynch from Politico is there and joins us live from Davos
The telecoms giant Three has been in Ireland for 20 years. It now provides broadband as well as 5G Mobile phone services. With younger people calling a lot less these days, the battle of the future is over data and how quick and how much is on offer and Three says it’s well placed for AI and for the Internet of Things.
Eoin MacManus is the Chief Business Officer for Three Ireland joined Joe this morning on the show.
Even though the data is not black and white, all Donald Trump sees when it comes to trade between the US and Europe is a deficit that he wants to reverse. He has promised across-the-board tariffs on EU imports. On top of that the Tech Bro’s have squirmed their way into Trump’s affections and want him to push back hard on any big fines for wrong-doing. So what can and should the EU do in the era of Trump 2.0?
Ever wonder how the rashers on your plate or the shoulder of ham gets on your plate and how value is added along the way? Divilly Meats have been in the pork business as a family for a century and supply many of the pork products in our supermarkets. Also signing a deal renewal with Aldi only this month.
Shane Divilly is the grandson of the founder of Divilly Meats in East Galway chatted to Joe this morning all about their business.
The vacancy rate for Irish commercial property stands at early 16% at the moment. That’s the highest in Europe and reflects the fact that demand is still soft after lockdowns. However, the retail property market is doing quite well in certain city centres but even that masks the fact that it varies from street to street.
But what happens if Donald Trump persuades tech companies to upticks and move some operations back to the United States?
Joe discussed along with John Moran the Chief Executive of JLL Ireland.
Shomera has been making home offices and garden rooms for more than two decades already but has seen a surge in his business since lockdowns gave rise to a roaring demand for working from home. But as some of the biggest companies in the world demand that their colleagues come back into the workplace, what will it mean for the home office business?
Joining Joe on the show this morning was David O’Reilly owner of Shomera.
For most of last year pub, restaurant and hotel owners have complained about the surging cost to their business of higher minimum wages, holiday pay and sickness pay. They weren’t given any reprieve in the budget last October but now it looks as if some good news is on the way as the programme for government which has been agreed, sets out a reduction in the VAT rate to 9% for food-led hospitality companies. What will it mean for the hospitality sector?
Padraic O’Kane runs Hospitality and Events Specialists Corporate.ie which also runs the Aer Lingus American football Classic discuss this with Joe this morning.
For a nation with plenty of rain we have major problems with water infrastructure. So much so that water is set to be pumped from the river Shannon to meet the surging demand for it in the capital.
According to infrastructure experts there’s a €15bn deficit in water and waste water pipes and pumps and that money has been set aside for new capital investment in the budget. Indeed Uisce Eireann which manages the water network says it needs €120bn.Speaking to Joe this morning was Paul Sheridan, Director of the Construction Industry Federation.
Businesses supported by Enterprise Ireland increased their headcount to a record 234,000 people last year. That’s according to the annual report just published by the state agency charged with encouraging domestic companies to grow and export.
But with a trade war looming as Donald Trump promises a hike in global tariffs, what will it mean for a very small, very open economy like Ireland?
Joe discussed all with Leo Clancy the Chief Executive of Enterprise Ireland.
In Norway 9 out of every 10 new cars bought last year was an EV. Meanwhile in Ireland sales of electric cars are down 25% on last year. It’s a testament to the waning trust in the latest technology and possibly to a lack of charging points. Either way EVs are here to stay and EU law will phase out the traditional combustion engines by 2035.
Joining Joe on the show was Ronan Flood the Managing Director of Kia motors which is now the 5th most popular brand in the country.
Things are moving very fast in the world of social media. X is soon to be embedded in the White House and openly in support of extreme far right groups in Europe. And Meta is radically scaling back its content moderation policies meaning fewer people to protect users from extreme voices.
It all poses a challenge to the brand new agency set up only three months ago to arbitrate on decisions to take down or leave up content user might not like. It's’ called the The Appeals Centre Europe and Joe spoke to its Chief Executive Thomas Hughes.
Kathleen Brooks from XTB Research brings us through some of the international business news stories this morning.
According to the dictionary, Greenwashing is the behaviour or activities that make people believe that a company is doing more to protect the environment than it really is. Given the fact that most of us cannot measure carbon emissions or how to reduce it, greenwashing has become a major issue.
There is an Irish start up which verifies whether your green claims are justified or not. She’s Laura Mora who has advised the UN and now she’s the Managing Director of EcoVerify
Elon Musk is throwing his weight around politically and economically worldwide and now Mark Zuckerberg has completely diluted the moderation policies of his companies and thrown out its diversity and equality programs. What does it mean for us in Europe where rules are in place agreed to by 27 sovereign governments?
Adam Schwarz is a Political Commentator on Populism and politics and used to advise the UK government. Joe asked Adam what he made of the sudden change of mind by Meta?
Friday's business news and markets with Kate English from Deloitte along with Emmet Oliver.
Growth in the Asia-Pacific region is expected to help drive global airline revenue over US$1 trillion for the first time in 2025, according to a paper published today by Avolon.
Speaking to Emmet this morning was Jim Morrison, the Chief Risk Officer of Avolon.
The Consumer Electronics Show took place in Las Vegas earlier this week. One of the 4,000 companies exhibiting at the biggest tech of event of the year were Irish company Kuma Bikes. Newstalk’s Technology Correspondent, Jess Kelly was there and caught up with the founder, Kevin Lacey.
It’s been clear that the Irish property market is running very hot at the moment with asking prices rising at annual rates of almost 10%. But these figures often mask underlying trends.
It comes 2 years after the Central Bank of Ireland relaxed its lending rules and the evidence suggests that average lending multiples are inching up towards the maximum permitted. Speaking to Joe this morning was Conall Mac Coille the Editor of the MyHome.ie survey.
It’s nail-biting time for the thousand or so secondary school students who are displaying their scientific and technological prowess at the BT Young Scientist and Technology exhibition this week. That’s because the winners will be announced tomorrow. The exhibition comes as Ireland’s dependence on technology comes into sharp focus - ahead of major policy changes when Donald Trump assumes power.
Joining Joe this morning in studio was Shay Walsh the Chief Executive of BT Ireland .
The outgoing energy Minister Eamonn Ryan said last week that there shouldn't be any more new data centres until such time as the electricity grid was beefed up and able to sustain the extra qualities of energy needed to cool these data warehouses.
That message will have sent a chill down the backs of those trying to make Ireland attractive for technology companies in general and AI in particular. But was the minister right to say that building more data centres puts the horse before the cart if the grid is not ready or able to deal with surges in demand? Joe discusses this with Garry Connolly, Founder of Host in Ireland.
We were all locked down and forced to work from home almost 5 years ago. Many people found it liberating not to have to commute to work every day and legislation was even passed to provide workers with the legal option of flexible or hybrid working.
But a new study from the Compass Group says that working from home leads to exclusion and problems with Socialisation. Needless to say, opinion is divided.
Joe discusses the report findings further with Yvonne Mulally from Compass Group.
Donald Trump will be president in less than 2 weeks and has promised to reshore jobs back to America. No European country is more worried than Ireland given the economy’s utter dependence on US FDI. The vast majority of our Corporation Tax receipts emanate from only 10 companies all American. So what sort of challenges does the IDA which lured and nurtured them to invest and stay invested in Ireland?
Feargal O'Rourke, used to head up PwC but now he chairs the IDA as well as the IIEA and also sits on the boards of C&C and Yuno. Fergal has a new book about Irish rugby called ‘From Rags to Riches’
We reportedly have a problem persuading young people to go into trades or starting apprenticeships. So it’s welcome when a modern company agrees to take on hundreds of new apprentices every year.
Suir Engineering needless to say based in Waterford is doing exactly that. Suir specialises in electrical and mechanical high voltage solutions by building substations for the likes of Eirgrid and the ESB. This week Suir has acquired its Scottish rival Taylor & Fraser. John Kelly, Chief Executive of Suir Engineering joined Joe this morning on the show.
The latest AIB services index suggests that Ireland’s most important sector will continue to grow in 2025. The services sector which accounts for more than 70% of the entire economy includes bars and hotels as well as hairdressers, architects, lawyers and of course consultants. So things are looking up for Harry Goddard who is the boss of Deloitte Ireland one of the country’s biggest consultants.
We take a look at today's international business news stories along with Russ Mould from AJ Bell.
Did you enjoy your Christmas party with your colleagues last month? Or perhaps you’re one of a growing body of companies that keeps its big company get together for the start of the year rather than the end of it?
There is evidence to suggest that the big giant booze up before the Christmas holidays is falling out of favour with employers. So what should they do to mix business with pleasure and more importantly retain the goodwill of their staff in a time of very low unemployment?
Joe asked Paul Davis from DavisEvents.ie
The Nasdaq and S&P were both up by a quarter last year while commodities such as Coffee were up 70% while Bitcoin soared by 170%.
But with a very different US government about to take the reins, will those kinds of gains be sustainable for investors? Joe discuss this with Karl Rogers the Chief Investment Officer with Elkstone.
Mark Breen started off as a bouncer in Ballinasloe but now provides safety and events management at giant festivals mostly in Saudi Arabia. He’s in the vanguard of companies taking advantage of the rapid pace of societal change in the Middle east.
Mark Breen is the Strategic Director with Safe Events Global and he joined Joe this morning on the show.
Everyone knows that the higher the standard you set for your business the better for the customers. Even better would be to have a globally recognised standard for whatever type of company you work for. We have fairly high benchmarks here in the EU but they are often meaningless in North America or Asia.
That’s where the worldwide standards set and monitored by ISO in Geneva comes in. If you are aiming to get ISO recognised certification for your business this year, Caroline Geoghegan CG Business Consulting works in this area.
If you are living outside of Ireland or have just returned from living abroad and are thinking of setting up a business, there’s a Government-run scheme that aims to help returned emigrants. The idea is to fund training workshops and guidance mentors to help get over some of the red tape that start-ups encounter. It’s called Back to Business and it’s run by Paula Fitzsimons from Fitzsimons Consulting who joined Joe this morning on the show.
Storm Daragh may have swept through us 2 weeks ago but it has left lasting damage in the strategically important port of Holyhead in Wales. 1200 lorries use the port every day and now the main ferry terminal will remain closed until mid January at least. This is causing major problems for suppliers hoping to get goods over to Ireland for Christmas and the New Year shopping rush. But when will things return and how can companies respond to mitigate the issues?
Shane Mann is the chief executive of fleet management and shipping technology company Tranzaura and he joined Joe
Joining Joe to look at Friday's business headlines and news was Aidan Donnelly from Davy.
Did you know that the average generation Z individual scrolls for 25 meters on his or her smart phone every day? That’s 12 miles a year and demonstrates how tough it is to get successful marketing messages to them. But why are the advertisers even bothering to chase a segment of the market with very little disposable income and very little interest?
Joining Joe to answer that was Andrew Murray, Executive Director with TBWA.
Joining Joe to look at Thursday's business headlines and news is Conall MacCoille - chief economist with Bank of Ireland.
Olof Gill spokesperson for the EU for Trade and Financial services discusses the concerns the farming community have over the Mercosur trade deal.
In a year of instability and uncertainty for the hospitality sector, those who can adapt and thrive deserve recognition.
The Wright Group, which operates food and beverages outlets such as the award-winning Marqette at Dublin Airport, has earned several awards for Excellence and Innovation.
Ronan Galligan, Chief People Officer for The Wright Group and winner of the Business Post Leadership Excellence Awards joined Emmet this morning on the show.
Growth will be above 3% next year and the year after while unemployment will remain around 4.4% and Inflation will be below the ECB target of 2% in the coming 24 months. They are the assessments of the Central Bank of Ireland in its final Quarterly bulletin of the year. But the CBI foresees a slowdown in global trade which could have a more pronounced impact on Ireland.
Joe spoke to Robert Kelly Director of Economics and Statistics with the Central Bank of Ireland.
If you like your soft drinks to be big on flavour but short on additives, you’ll know there’s a lot of competition out there. Among them is the Irish company Sisú which is Finnish for ‘determination’ and is an apt name for a firm set up by Brian McGann and now run by him and his daughter. SiSú now sells cold-pressed juices, kombucha drinks, wellness shots and plant-based milks.
The Greens may be out of power in the next government but demand for so-called Green jobs is growing in Ireland. That was the view of a study by the IDA alongside LinkedIN and Microsoft. But will that demand wane if the drive to decarbonise slows down for political reasons all over the world?
We discuss with Sue Duke is the country Manager of LinkedIN Ireland.
Kathleen Brooks from XTB research takes a look at Monday's business news along with Joe Lynam.
They are from Galway, employ 2 and a half thousand people, won a significant legal battle against McDonalds and saw their profits soar 28% last year. They are of course Supermacs and their semi eponymous owner Pat McDonagh is not one for resting on his well feathered laurels. The restaurant chain has opened up an outlet in Dublin airport and he continues to expand his forecourt business. But he’s also very worried about staffing and business costs which have jumped significantly over the past year.
Pat McDonagh founder of Supermacs joined Joe this morning on the show.
A majority of Irish businesses have either adopted or plan to integrate a clear AI strategy within the next year. However high costs remain a barrier to innovation.
Those are among the findings of the new Innovation Index Pulse Survey conducted by IRDG and KPMG. To discuss the findings further Emmet spoke to Dermot Casey the CEO of IRDG Innovation Network.
Job roles that are in high demand should see an average salary increase of 10 - 11%. That’s among the predictions in the new Matrix Recruitment Salary Guide. Emmet discuses these predictions with Rena Weld Recruitment Manager at Matrix Recruitment.
We go through all the business news and markets with Economist Alan Hughes along with Emmet Oliver.
In 1993 an acronymous split in the sport of darts happened. Emerging as a result of two of the biggest name in darts revolted against British Darts Organisation. Cathal Mullaney from Off The Ball tells us all about it.
It’s likely that the build up of savings during lockdowns played an important role in the surge in house prices since 2022. It’s also becoming a self fulfilling prophecy in many wealthy countries that house hunters assume prices will rise further and so pay more for property. They are among the findings of a new report by the ESRI which was published alongside its regular economic forecast.
Dr Conor O’Toole is Associate Research Professor with the ESRI joined Joe this morning to discuss the findings.
Donald Trump will be inaugurated in 5 weeks from now and countries and companies are collectively trying to assess what it will mean for them. Based on his own public comments and campaign promises, tariffs are on the way.
But on what goods and at what rate. No other European nation is as dependent on corporate America as Ireland. So what should its businesses start doing in anticipation of Trump 2.0? All to discuss with Ambrose Conroy the Chief Executive of the global manufacturing consultants Seraph.
They say in sport that it’s all about small margins. The same is certainly true of business and some companies unknowingly reduce their own bottom line by failing to claim VAT that they've already paid for in Inputs. Paul Wallace played for Leinster, Ireland and the Lions but now he helps large companies find those missing expenses so that they can claim back from the tax man.
Paul Wallace is the Managing Director of Vat Logic and chatted to Joe about his business and work.
If you're having guests over for Christmas this year, the chances are you’ll consider getting your windows cleaned. Joe spoke to a young entrepreneur who offers Ireland's first window cleaning subscription as well as using renewable water sources to clean.
Luke Joyce from theCleaningCompany.ie chatted to Joe as he was doing his work.
Last Friday the EU commission signed a landmark trade deal with the key group of South American nations. Known as Mercosur or the southern market it opens up major nations such as Argentina and Brazil to tariff free goods from the EU but equally it slashes tariffs on South American farm produce here in Europe. French and Irish farmers have already expressed major skepticism towards the deal and both have a lot of political clout.
Joe discuss this further with Adam Woods is the Deputy editor of the Irish Farmers Journal.
Have you had your office Christmas party yet? If not, you’re running out of time, but aside from the revelry and celebrations with your colleagues, employers have a certain duty of care.
Catherine Hayes, Managing Associate in the Employment, Immigration and Reward team at Lewis Silkin discuss this further with Joe.
Have you started your Christmas cooking shopping list yet? Turkey, Ham, goose, parsnips, brussels sprouts of course. But what about the condiments to accompany these seasonal treats?
Whether its relishes, speciality mayonnaise or sauces, most of us dig up the cranberry sauce as well to moisten up the turkey and Ballymaloe is one of the better known brands and is relaunching its Cranberry sauces.
Maxine Hyde General Manager with Ballymaloe foods spoke to Joe this morning on the show.
Whether it’s Twickenham, Wembley, Old Trafford or Thomand Park, if you're a sports fan the chances are you’ve sat or stood under a composite plastic roof made by Brett Martin.
Brett Martin in Co Antrim also does clear roofing for farmyards all over Ireland as well as guttering all over the world and its low carbon products are increasingly popular worldwide.
Joining Joe this morning on the show was Robin Black from Brett Martin in Newtownabbey.
New findings from the Central Statistics Office CSO reveal that the Irish Gross Domestic Product has had a 3.5% increase over a three month period from July to September.
To discuss further with Emmet was Austin Hughes, Economist.
ChatGPT has celebrated the launch of its second anniversary by OpenAI, becoming the fastest-growing consumer application in history.
For more on this Emmet spoke to Ciara O'Brien, Technology Writer with the Irish Times.
The insurance company Royal London entered the Irish market in 2011 when it took over Caledonian life but it’s been around for more than 150 years. It now sells life insurance products and is one of the fastest growing insurers in the market. But how does it grow in a much smaller market and how does it compete with the bigger boys such as Irish life?
Noel Freeley is the chief executive of Royal London Ireland and joined Joe this morning in studio.
Founded by Seán Mulryan 42 years ago, Ballymore is one of the biggest construction companies in Britain and Ireland these days. Currently building the Guinness Quarter, Sea Gardens in Bray as well as numerous large projects in the UK.
To burnish its credentials here Ballymore has also agreed to use a Guaranteed Irish Supply chain. But with a major slump in commercial property and intense political pressure to build homes, what’s it like being a major builder these days? Joe asked Pat Phelan the Managing Director of Ballymore Ireland.
The company that runs Dublin and Cork airports is back in the courts today as the full hearing starts into whether caps can be placed on passenger numbers when the busy summer season starts next year.
DAA has also published its passenger numbers for the month of November and a record 2.5 million people used both airports bringing to 31 million for the first 11 months of the year in Dublin and on target to breach the passengers cap.
Joe was joined on the show by Kenny Jacobs the Chief Executive of DAA.
If you're saving money every month for your future pension income, that money will be stored and managed in a Fund. It’s a huge industry which often earns huge profits but ebbs and flows with the global economy. The Irish funds sector has blossomed since Brexit but so too has that of Luxembourg and France. So, the funds sector here wants the incoming government to simplify regulation of the investment sector and even improve financial literacy.
Speaking to Joe this morning was Pat Lardner the Chief Executive of Irish Funds, the industry’s representative body for the funds and asset management industry.
Running any business these days is tough enough but add in the extra emotional intensity of running a football club whose fortunes ebb and flow, makes it an even more challenging Enterprise. Dermot Usher started off in the bathroom business and still runs SONAS bathrooms. He’s also trying his hand at running Cork city FC and recently decided to ditch all the middle men and make his own shirts for the club. Dermot Usher owner of Cork City FC joined Joe on the show.
If you're a regular purchaser of alcohol you’ll know that Ireland has the 3rd highest excise duties in Europe and among the highest supermarket prices per unit in the world. That’s despite thousands of tourists coming to this country just to enjoy our famed stouts, whiskeys and liqueurs. But is there even more regulation to come on alcohol and how does the industry respond?
Speaking to Joe this morning was Patrick Rigney is the founder of Drumshanbo Gunpowder gin and now chairs Dublin’s newest brewery owned by some of the city’s biggest publicans.
With the Black Friday and Cyber Monday sales still underway, research from Domain dot IE found that consumers tend to rank price way above the safety or otherwise of the site that they want to buy from. It comes as the banking industry warns that one in five people in Ireland lost money as a result of scams last year.
Speaking to Joe about the findings David Curtin the Chief Executive of the domain dot.ie.
Sony Kapoor is the Professor of Climate, Geoeconomics, and Finance at the European University Institute and adviser to the IMF and the UN. Joe spoke to him at the AIB sustainability conference and in the wake of COP29 in Baku, about companies and governments rowing back on climate change commitments and the arrival of a new climate-sceptic US administration.
Finland and Ireland are remarkably similar. They’re both relatively remote with roughly the same populations. They have had an often violent past with big neighbours and they're both very open, technology driven, trading nations which tend to be buffeted by global events. But the Finns have been voted the most content in the world and yet that’s not something we say often about our own land.
Joe was joined by Leena Gardemeister - Finland’s ambassador to Ireland.
Joe was joined by the team behind Shorla Oncology who have just won EY Entrepreneurs of the Year.
A look at Friday's business news headlines with Kate English, Head of Real Estate Research at Deloitte.
We spend a lot of time worrying about how artificial intelligence will overpower humanity. But what if the real problem is the reverse? Emmet ask Jonathan Birch, a professor at LSE and author of Edge of Sentience.
It’s the season to get vouchers from friends, colleagues and sometimes your employer. But not all of them are transferable?
Mostly if you get a voucher for one place it’s only usable in that place. But increasingly there are options to buy a voucher which is usable in dozens of places. That’s especially the case for spa or resort days out.
Speaking to Emmet this morning was Adrienne Stewart the Founder of Hotel and Spa resorts.com .
There is a phrase that ‘Demography is destiny’ and India’s destiny looks increasingly good. It passed China recently as the most populous nation on Earth with 1.3bn people while birth rates are falling everywhere else.
But its economy is also booming and is set to pass out Japan and Germany to become the 3rd largest in the world. And its middle class will soon start moving the dial in terms of global trade. But its poverty levels are still huge and it could take a century to modernise its infrastructure.
Joe discusses all with James Pomeroy is Global economist with HSBC.
Bluesky is the microblogging site which was set up a few years ago by the Twitter founder Jack Dorsey among others. It has percolated along quietly until Nov 6th when an Elon Musk-backed Donald Trump won the US elections. Since then it has soared to 21 million users worldwide. But without any adverts, how will BlueSky survive? All to discuss with Rose Wang the COO of BlueSky in California.
Next week the new European commission will be sworn in with Michael McGrath as the Justice commissioner. That means this week is the last one for Mairead McGuinness, the Commissioner for financial services, financial stability and Capital Markets Union.
She’s had a bit to deal with since taking over in 2020 including a global pandemic, a war on the European continent and a surge in inflation as well as right wing extremism. But her primary concern has been on financial services and sanctions on Russia. How is her report card at the end of her time? Commissioner Mairead McGuinness joined Joe this morning on the show.
The famous privacy advocate Max Schrems took the Facebook owner Meta to the European court of Justice and got a key ruling last month. This could have a major impact on online advertising and how personal information is handled by the big social media giants. The ruling led to Meta changing its terms and conditions and to criticism from One of its Directors Nick Clegg. But what exactly do companies need to know? To discuss further Joe spoke to Bryony Long is the Co lead of Lewis Silkin’s Data, Privacy and Cyber Group.
Black Friday is officially this coming Friday but we all know that the online sales have begun already. Most retailers are honest and open but unfortunately there are unscrupulous fraudsters out there who design very believable websites selling non-existent goods or services.
Often, it's up to the discretion of individual banks as to whether they will refund money spent on these fake sites. One major bank PTSB says its software has slashed fake website clicks.
Speaking to Joe this morning was Peter Vance is the Chief Operating officer for PTSB.
Russ Mould from AJ Mould takes a look at the main business news stories along with Joe Lynam.
Joe was joined by Patrick Atkinson, chief executive of Chadwicks Ireland to discuss the scholarship programme Chadwicks launched with TU Dublin earlier this year amid a fall off in people going into trades.
The finance function is under pressure to reassess its role and relevance as it moves into the next decade, according to a new report by PwC, ACCA and Chartered Accountants ANZ. Emmet discuss this report findings with Ruth McNamee, PwC Ireland Finance Transformation Director.
Increasing costs are presenting a “major challenge” for Ireland’s foodservice sector, according to the latest Bord Bia annual Foodservice Market Insights report. Maureen Gahan, Foodservice specialist at Bord Bia joined Emmet on the show this morning.
The latest House Rebuilding Guide from the Society of Chartered Surveyors Ireland reveals that national average rebuild costs, including demolition and site clearance, have risen by 6.2% over the past year.
We discuss these figures with Kevin Brady, Chartered Quantity Surveyor from the Society of Chartered Surveyors Ireland.
Bears Club, founded by mums Ashley Doyle and Katherine McCalmont. It is the go-to online community for sustainability-conscious parents, offering high-quality, gently used baby products alongside a supportive platform for connecting and sharing parenting resources. Katherine McCalmont joined Emmet on the show this morning.
It’s International Men's day today and thankfully the roles which used to be clearly dominated by one gender or another have become far more blurred. That goes for caring for offspring especially. According to the 30% club, which aims to get more women on boards, 72% of men are actively involved in looking after children and that is especially pronounced among younger men. And because men are stepping up more, it could benefit everyone in the workplace.
Gillian Harford, Country Executive of 30% Club joined Joe this morning on the show.
It’s been 1000 harrowing days since Russia started its unprovoked invasion of Ukraine. The Ukrainian economy collapsed by 30% in the first year of the war but has stabilised somewhat since then. This war is far from over but how will the economy recover from the vast destruction of its people and infrastructure once it does end?
Dmytro Shchedrin, Deputy Head of the Embassy, First Secretary on Economic Issues, Embassy of Ukraine in Ireland discussed with Joe this morning.
All the market and business news with Joe Lynam and along with Kathleen Brooks from XTB.
Most of us will at some stage in our lives have to get our eyes tested, acquire glasses, contact lenses or perhaps even get corrective laser eye surgery. The people who do that are qualified optometrists formerly known as ophthalmic opticians.
These 800 professionals, who employ thousands more in their practices, are not happy at how much they get paid by the state to carry out tests for HSE approved patients. Joe spoke to Liz Grennan from Optometry Ireland.
The value of Community enterprise is worth €1.8bn to the Irish economy. That includes innovation hubs and local enterprise centres. Community enterprise may not get the attention of the FDI sector but its usefulness to less urbanised parts of the country can't be underrated. Speaking to Joe this morning was Siobhan Finn the Chief Executive of the Community Enterprise Association.
A new €1.8m brewery has opened its doors in Dublin.
Changing Times Brewery is based in Glasnevin, along the banks of the Royal Canal, and is backed by the families behind some of Dublin’s most beloved pubs. Speaking to Jonathan was Ronan Lynch, Owner of The Swan Bar on this new venture.
My next guest is Managing Director of a company which is celebrating its 25th year in business this year and is one of Ireland’s leading manufacturing exporters.
Martin McVicar, Managing Director of Combilift joined Jonathan this morning.
Kate English from Deloitte goes through the main business stories along with Jonathan Healy.
If you ever wondered where the name Maxol came from, well it was set up by the McMullan family 104 years ago. The fuels & retail chain is still in family hands and it has just published its annual results for last year showing a profit of €27m on a turnover of €756m.
Maxol rolled out its first Ultra Rapid EV Hub in Newbridge this year and it’s retrofitting nearly all of its stores which are run by franchisees. Speaking to Joe this morning was Brian Donaldson the Chief Executive of Maxol.
Unemployment remains at near record lows and has done so for 2 years. It means that in a fully functioning economy, employees rather than employers hold the whip hand in pay and conditions talks. But do they really?
Who is looking for jobs here and what types of jobs are they looking for? Joe asked Jack Kennedy is Senior Economist with the recruitment website Indeed.
There are quite a few family-owned or run companies in the hospitality sector who are worried about rising costs including minimum wages, energy and misc employment costs. Over the weekend Fine Gael said it would cut VAT in that sector to 11% and yesterday Fianna Fail promised to cut PRSI if they get back in.
To discuss what family run companies want from a new government Joe spoke to John McGrane the Executive Director of the Family Business Network.
Those of you renewing your car insurance will have certainly noticed that premiums have been going up appreciably despite nothing changing in your own circumstances. That's because the cost of car repairs and the vehicles themselves have soared in value.
The cost to your business of a cyber attack is also soaring and new research says that fewer than 10% of SMEs have cyber cover. Joining Joe to talk about all things insurance is Damian Smith from Campion Insurance Brokers.
There was a time not long ago when Hydrogen was seen as the great and cheap hope for renewable energy. A fuel that is bountiful and emits only water. But the S&P Kensho Hydrogen Economy Index which measures companies that focus on Hydrogen fell to an all time low over the summer amid fears of a recession.
Will things might get even worse for those in the Hydrogen space? Joe asked Paul McCormack the Chief Executive of Hydrogen Ireland.
David Duffy use to run Virgin Money in the UK but sold it to the Nationwide building society this year. You would remember him because he used to run AIB after it was all but nationalised in 2011.
Apart from Ireland and the UK he’s also worked for global players including Goldman Sachs and Standard bank in South Africa. Joe asked David has banking changed?
The Australian government has announced that no one under the age of 16 will be allowed to use social media from now on. It’s the first such decision by a western government and may even start a trend. But could it work or would it be flouted?
Our Technology Correspondent Jess Kelly has more.
Making a cup of coffee is not especially great for the environment. It’s grown thousands of miles away, shipped and stored, roasted and then steamed before we take our first sip.
So making that whole process greener or more sustainable is tough but that’s what Bewleys are hoping to do with the beans that they will use in their restaurants by using a process called Integrated Open Canopy in the jungles of Honduras. It’s even earned praise from Jane Goodall.
But can you do all this without having to pass on the additional cost to consumers? Joining Joe in studio Cathal Murphy, is Head of Innovation and Sustainability at Bewleys.
Securitization is the financial alchemy of taking not easily or non tradable assets, pooling them together, and selling tradable shares or securities in that pool to investors. Many people blame securitisation for the financial crisis of 2007 as many worthless mortgages had been included and given a much higher value by the ratings agencies.
Now there are moves afoot to restart the use of securitisation in Europe in order to create a capital market union and boost private sector investment. Needless to say there are detractors. Joe spoke to Julia Symon is Head of Research and Advocacy with Finance Watch.
Three quarters of Irish consumers believe that banking transaction fees are too much according to a new survey from Wise. But what is notable is that 20% of us only use traditional banks for day to day spending and moving our money around. It shows that the Top three older banks have their work cut out to attract the customers of the future who tend to prefer digital banks which don't have branches anywhere.
To discuss the survey findings with Joe was Roisin Levine, Head of UK and Europe Partnerships at Wise Platform.
The shocking scenes of flooding in Spain and the rising death toll have also created concern about the fresh food sector there and whether that could lead to problems getting fruit and vegetable to Ireland. The rain continues to pour in Spain but so far we’ve escaped problems in the food chain here. But is it too soon?
Justin Leonard is the Managing Director of Jackie Leonard and Sons fruit and vegetable importers.
Newstalk's Business Editor Joe Lynam takes a look at the main business headlines this morning.
This week and possibly as early as today the High Court could order a stay or pause on the cap on the number of passengers allowed to use Dublin airport next summer. It’s something that Ryanair has been calling for. It has just posted its half yearly results which show the airline made a profit of €1.79bn down 18% on the same period last year. It said that its traffic was up 9% but the average fare fell by 10%
It comes as the airline criticises the British government for increasing taxes on flights. Joe spoke to Neil Sorahan is the CFO of Ryanair.
Whether it’s Sally Rooney, Joseph O’Connor, Colin Tobin or Roddy Doyle, Ireland is currently blessed with a crop of wonderful writers. In fact the Irish publishing industry is also in rude health. But how do they pick winners and how do dreamt-up words end up on bookshelves especially now as the sector faces its busiest period of the year? Deirdre Nolan runs Irish division of the Swedish owned Bonnier Books which aims to publish 16 books next year.
Tonight is the night for all League of Ireland fans. We find out in a few hours whether Shelbourne or Shamrock Rovers win the SSE Airtricity Premier division. It’s the denouement of a crazy season which started with Shels at a very remote 25/1 price to win it and the near demise of Dundalk. But it’s also been a lucrative one according to a report from BDO which suggests that the league as a whole contributes a not insignificant €164m to the Irish economy - directly employing 1600 people. Total peak viewership has almost doubled since 2021.
Joining Joe to discuss was Mark Scanlon - Director of the League of Ireland.
When not focussing on our own economy we tend to obsess with the British and German economies but the fastest growing large economy in the G7 group of industrialised nations will be Spain this year with an expected GDP of 2.9%. So what’s behind this surge and will it be derailed from the awful flooding which has taken 100 lives this week and may be the biggest insurance event in the world this year?
Joining the show this morning was Prof Joe Haslam lecturer at the IE university in Madrid.
Newstalk's Business Editor Joe Lynam takes a look at Thursday's business news headlines with Aidan Donnelly.
We’ve Fintech, Regtech and now InsurTech or the new technologies being deployed in the insurance sector. A new report from the Irish startup InsTech suggests that there are 114 Insurtech companies based here with the potential to make the country a cluster of innovation in insurance. But will any of this drive down premiums?
Joe asked Gary Leyden is the Chief Executive of InsTech.ie.
The next time you're at a DIY store and buy a power tool or some decking, the chances are those products will have been sourced from United Hardware which was formed last year when Associated Hardware and National Hardware came together to avail of economies of scale.
Speaking to Joe this morning on the show was Paul Candon Chief Executive of United Hardware and also is a veteran of H Williams and Roches stores retailers as well as Topaz forecourts.
Newstalk's Business Editor Joe Lynam takes a look at Thursday's business news headlines.
In Europe many of the series and films we see here have been bought at a giant conference in Cannes known as MIPCOM. It is not just TV, there are also video games, animation techniques as well as augmented and virtual reality.
The Ireland on Screen stand, managed by Enterprise Ireland flew the flag for us last week and one of the popular cartoons is known as Carlichauns. It was represented by the former Irish ambassador to Berlin, London and Washington and now on the Advisory Board for Carlichauns Dan Mulhall.
If you've bought a ticket for Cheltenham racecourse or Connacht rugby or even Arsenal Ladies football club, you’ll have doubtless done so using technology from an Irish company called Future ticketing. They allow all types of sporting clubs to control the money and the data involved in selling tickets.
They’re rapidly expanding now in Europe and the middle east and who knows: they might eventually end up selling you Oasis or Premier league tickets. Joining Joe in the studio was Liam Holton is the founder of Future ticketing.
Insolvencies rates are climbing but are still well below the long term average. But for small businesses in the hospitality sector, things are even more acute and much of that is down to those high energy costs. Is the lack of skills especially the traditional trades such as plumbing and carpentry is creating a skills gap which is pushing up prices for all companies.
Speaking to Joe this morning was Dessie Morrow Partner in Corporate Recovery at professional services firm Azets Ireland.
Oil prices sank 6% over the weekend despite Israel’s attack on Iran. The sentiment has been downwards on Oil in recent weeks despite the horrendous unrest in the Middle east. What about gas prices and the overall trend in energy prices on global markets? Will SMEs and consumers ever benefit from lower wholesale prices? Joe asked Robert Maxwell Principal Consultants with the energy company DNV.
You're probably familiar with the Chinese technology giant Huawei. It’s banned from US government contracts and has gone a bit quieter over here too. Newstalk's Technology Correspondent Jess Kelly has been taking a closer look at the rise and fall of Huawei and the possible shakeup it could deliver to the smartphone market.
Tech Today brought to you today by PwC.
Consumer spending is the backbone of the Irish economy and was seriously impacted by the inflation spike two years ago. Inflation has abated and real incomes are rising so the latest finding from the Credit Union's consumer survey is that there has been a broad but modest rise in consumer sentiment. The renowned economist Austin Hughes compiles and edits the report for the credit union and discusses the findings with Joe this morning on the show.
Almost a quarter of a millennium ago, Carton Brothers set up a business in Co Meath which became Manor Farm. They now have 140 farmers who process 1 million chickens every single week and supply poultry products to most of Ireland‘s supermarkets.
Manor Farm specialises in corn fed and free range chicken but have they been under pressure from animal rights groups or the growth in vegetarianism? To hear more above the business Joe was joined by Cathal Garvey the Chief Executive of Manor Farms .
We all talk about AI but is there an empirical link between adopting AI for your company and a surge in sales or a fall in your costs? A survey for Eir Evo suggests there is and it says that more than a third of SMEs have already adopted some AI features.
But a quarter feel that their employees lack the digital skills to utilise AI properly. Martin Wells, Managing Director at Eir Evo joined Joe this morning on the show to discuss further.
We've had a lot of reforms in the European insurance sector in the last few years, whether it's DORA, CSRD, insolvencies one and two. In Ireland we have seen major changes to the rules surrounding compensation payments from courts for slips and trips in order to get insurance premiums down.
To discuss further Joe spoke to with Petra Hielkema the Chair of the European Insurance and Occupational Pensions Authority and began by asking whether there might be a bit too much regulation and legislation out there?
Discrimination is not new in the workplace and according to a survey out today 60% of employees claim to have seen or suffered from it. But far right or extreme views is the latest tendency to have manifested itself at work according to Matrix recruitment. It suggests that some staff members may be sharing or expressing anti immigrant sentiment as well as a ‘push back’ towards diversity and inclusion targets where they work.
Speaking to Joe this morning was Rena Weld is the Managing Director of Matrix Recruitment which carried out the survey.
Behind every product you pick off the shelf in a shop is a tangled and complex logistical network. Many of us don't know how much paperwork is involved. AllMed is a freight forwarder meaning it helps get products from all corners of Europe to either supermarkets or warehouses. The business was affected by Brexit but not in the way you think! Martin Carr is the Managing Director of Allmed which is hosting a big logistical conference in Kilkenny this week and spoke to Joe this morning on the show.
Our next guest is an entrepreneur who trains homeless people to become baristas and sell fully recyclable toilet paper. His new book called Obsolete calls on Entrepreneurs to use their know how for good causes and to give back. But sometimes it’s difficult to square the circle of making a profit and always doing the best for the environment and society.
Chris Baker joined Joe on the show this morning.
Did you know that Ireland at 1500 has the highest number of Actuaries per capita in the world. The vast majority work for insurance companies assessing risk and probabilities. In Fact the insurance sector here is booming helped in no small part by Brexit and a reliable fiscal policy.
But many consumers complain that policy premiums have not been falling despite major reforms to cap payouts and keep insurance costs down. So why is that? Joe asked Moyagh Murdock the Chief Executive of Insurance Ireland.
Aidan Donnelly joins Joe on the show to look through Friday's business news and markets.
Enterprise Ireland’s job is to support indigenous Irish companies and encourage them to grow and export. But it also picks winners and firms with especially good prospects and refers them to a special unit referred to as High Potential Startups. Recently it handed out its prestigious HPSU of the year award.
To discuss that and how it picks high calibre entrepreneurs, Joe spoke to Jenny Melia is Executive Director with Enterprise Ireland.
Are you or your company aware of DORA or NIS2 or the Data Act yet? They’re all tough new strictures from the EU to protect against data leaks, fraud and cyber attacks and they're coming into force soon starting with the EU-wide cybersecurity directive known as NIS2 which should have started today.
But what are they and what type of companies need to sit up and be ready? We hear from Michael Cronin is MD with the Kildare based technology consultants OpenSky Data Systems.
The Danish retailers Jysk have been spreading their wings in Ireland. They hope to have 30 outlets in this country over the next few years. But is there a risk of market saturation and will they get enough staff to run those stores?
Speaking to Joe this morning was Roni Tuominen the Country Manager of Jysk UK and Ireland.
Newstalk Business Editor Joe Lynam takes a run through of Wednesday's business news headlines.
Last week we had a business leader on the show who said that the civil service here simply didn't ‘get’ entrepreneurs. It’s certainly true that risk taking and starting your own business is not for everyone. Paul Cheek, the Executive Director of the MIT Martin Trust Centre for Entrepreneurship was a serial tech entrepreneur and now lectures in the world famous MIT about startups and innovation. Paul joined Joe this morning on the show.
According to the Banking and Payments Federation, a measly 28% considered moving their home loans over the past year, even though interest rates are now coming down. Even though it may not be in the best interests of all its members the BPFI is launching a new website to promote switching called InYourInterest.ie and promoting a standardised salary certificate.
We got the details from Brian Hayes the Chief Executive of the BPF.
One of the world’s most famous makers of tyres is of course Michelin even though they were invented by an Irishman John Boyd Dunlop from Belfast. Speaking to Joe this morning was Cyrille Roget is the Director of Science and Innovation Communications at Michelin.
Love it or loathe it the deposit return scheme for bottles and Cans has been with us since February and the latest data from the largest Supermarket group in the land says that there is a “return rate“ of 95%. The Musgrave group which owns Centra and Supervalu, has more than 100 machines operating in its stores.
But is it too soon to declare a victory and what else can be done by consumers to make shopping more sustainable? Speaking to Joe to discuss further was Owen Keogh Head of Sustainability with the Musgrave Group.
Aquatech is the application of technologies to the growing of seafood to make it more predictable, reliable and safe. BIM the body that promotes the seafood sector has launched a new ‘innovation studio’ to promote Aquatech and the so-called “blue economy”. Caroline Bocquel is the Chief Executive of BIM
The Finnish airline Finnair has 10 flights a week between Dublin and Helsinki. It’s increased its passenger numbers from here by nearly 80% over the past 2 years alone and now it’s competing with Aer Lingus in hoping to attract visitors from much warmer climbs for so-called ‘Cool-cations’ to get away from searing temperatures in the summer. Joe spoke to Anssi Partanen is Market Director Europe for Finnair.
Zoom is trialing using an avatar of you to attend their platform meetings. Newstalk's Technology Correspondent Jess Kelly brings us the details.
The financial services company SEI is opening its biggest European office near Harcourt Street and more than doubling its 400 staff numbers here. The company said it picked Dublin for staff retention purposes. SEI specialises in areas including investment processing, operations and asset management. Speaking to Joe this morning was Bryan Astheimer who is the Head of SEI’s Investment Managers Business for EMEA.
The Irish Civil service simply doesn’t ‘get’ entrepreneurs. That is one of the claims made by the business lender GRID finance. Is there any way we can change the culture within the civil service and the investment community?
With banks unwilling to lend to many start-ups and very weak capital markets in Ireland, many Irish SME‘s turn to non-bank lenders to get their funding. Derek Butler is the chief executive of GRID Finance and Derek joined Joe in studio this morning.
A "game-changing moment" is how the boss of the new settlement body between the big online platforms and their users was described. The new out-of-court agency hopes to be the place to arbitrate on decisions to take down or leave up content users believe is hate speech, incitement to violence or other categories deemed unacceptable. The Appeals Centre Europe, which was set up as part of the EU’s new DSA legislation, will be based in Ireland and joinng Joe on the show was its Chief Executive is Thomas Hughes.
The Government has announced a new grant scheme for companies called Power Up. It means SMEs who have seen a significant surge in energy costs since 2022 can get a grant worth up to €4000 supposedly this side of Christmas. Joe asked Enterprise Minister Peter Burke how the money would be allocated and whether it would be an easier process than the last energy support scheme for businesses.
Having a home office is something that is definitely appealing for those who work from home a lot. But how about a home sauna in your back garden or a pod if you're lucky enough to own land and want to rent it out. There’s an Estonian company on the market now in Ireland called ÖÖD and they offer high end solutions for outdoor living or working and Matthew Parkinson from ÖÖD House joined Joe this morning on the show.
What do Mace, Power City and GoMo have in common? They are all among the biggest fallers in the customer experience charts this year. According to the annual CXi study of perceptions towards major brands in Ireland. The credit unions remain at the top when it comes to customer service - followed by the likes of Dunnes, McCabes pharmacies and An Post. Needless to say Ticketmaster didn't finish so well in the study.
Gerard O’Neill from Amárach research which carried out the study joined Joe on the show this morning.
In last week’s budget, the government said it would use the €3bn from the sale of AIB shares to boost Ireland’s creaking infrastructure notably Housing, energy and Water. Kaine Lynch is the Director of Infrastructure with the consultants Turner & Townsend advises others how best to build big infrastructure projects such as motorways such as the infamous A5 road in Northern Ireland or underground railway lines like Metrolink.
A study from MyHome.ie suggests that we would need another 200,000 homes to have the same ratio of homes to population that the UK already has. It follows, therefore, that asking prices for property are rising by 7.5% over the past 12 months with one in 7 homes selling now for 20% above the asking price. Conall Mac Coille is chief economist with Bank of Ireland and author of the MyHome Property report.
Ministers within the European Union will vote on whether to impose swingeing tariffs on Chinese made electric Cars. They were found to have been subsidised by Beijing earlier this year. The problem is China may respond with trade sanctions on European products including goods from Ireland, which could set off a trade war.
Finbarr Bermingham from the South China Morning post joined Joe this morning to discuss the details about the vote today.
There was a time when mobile phones were new and people had to drive to be near masts in order to get a reliable signal. Nowadays they carry a lot more than just mobile signals and they prefer to be called mobile infrastructure or Towers.
Vodafone is the first operator to sign a deal with Vantage Towers to carry renewable energy from Flogas to power their stores as well as their telecoms infrastructure. It’s called a Corporate Power Purchase Agreement and Brian McHugh, Managing Director of Vantage towers.
Recently we spoke about Hydrotreated Vegetable oil as an alternative, cleaner fuel for companies and households. But what about Biomethane or Bio Compressed natural gas made from food and animal waste? It cuts nasty emissions for trucks by 90% and Flogas is already one of the companies offering Bio CNG a filling station.
Paddy Phelan from South East Energy Agency wrote a report into Bio CNG and Paddy joined Joe this morning on the show.
To look back on what Budget 25 brought we were broadcasting live from the very well appointed HQ of Grant Thornton on City Quay. Joining Joe with analysis was Andrew Webb the Chief Economist and Robert Fitzgerald Tax Partner with Grant Thornton.
AIB have today published the September AIB Irish Manufacturing PMI. Emmet talks through it with David McNamara, AIB Chief Economist joins me with the details.
Today is the highly anticipated today we have all been waiting for Budget 2025. Emmet Oliver looked ahead to what it may bring with Dr Lorretta O’Sullivan, EY Ireland Chief Economist.
Yuno is the newest energy provider in town. It’s only been around for a year offering what it claims to be the cheapest electricity on the market. But now the company is launching a Gas offering as well. It claims that its opening gas price of €8.23 per unit is again the cheapest. But switching among energy customers is notoriously low. So will it work?
Joe was joined by Cathal Fay - chief executive of Yuno energy.
Kate English from Deloitte joined Joe this morning to look at the main business stories.
How many of us hate sitting through online Ads before we can watch even the shortest of videos on YouTube? Of course you can skip those ads if you pay the monthly premium to the Google-owned company.
Now Youtube is raising its prices for its premium service. And it’s not a small price rise it’s a highly inflationary 44% rise from €18 to €26 per month for a family subscription. Is it worth it? All to discuss with Newstalk Technology Correspondent and Presenter of Tech Talk, Jess Kelly.
The Credit Union consumer sentiment index was one of the few voices to suggest earlier this year that the economy wasn't as robust as other higher profile surveys might have suggested. It warned of consumers withholding their spending because they were still stuck with the aftereffects of Inflation. This time, the survey is a bit more bullish about the beloved consumer. However, it warns that spending power is not increasing in line with population growth.
To take a look at the report findings Joe spoke to the renowned economist Austin Hughes compiles and edits the report for the Credit Unions.
We hear from the ESRI that it expects growth whether measured using GDP or Modified Domestic demand will be at a steady path this year and next.
Unlike the Fiscal advisory Council, the think tank believes that spending patterns by the government are sustainable. However it warns that housing completions have slowed compared to last year and it warns about a possible Trump victory in November.
Speaking to Joe this morning was Dr Conor O'Toole is Associate Research Professor with the ESRI .
Joe Lynam takes a quick run through of the main business headlines this Thursday morning.
Next week the Minister of Finance will have record sums in his war chest to give away in the budget. That’s mostly down to soaring corporation tax receipts. But is that money ephemeral or it is real and makes Ireland into a tax haven for wealthy American companies without much benefit for indigenous companies?
To discuss further with Joe was Brian O’Boyle economist and a lecturer with the Atlantic Technical University in Sligo and has written a book called ‘Tax Haven Ireland’.
As part of the transition away from fossil fuels and towards fully electric heating and energy, hydrotreated vegetable oil or HVO is being rolled out for both consumers and companies. Today CERTA Ireland launches its 10th filling station Nationwide for car and truck drivers to slash their noxious emissions by up to 90% by filling up with HVO. Households may soon also be able to use greener fuels instead of concentrated kerosene to heat their homes this winter.
Joining Joe this morning was Orla Stevens the Managing Director of Certa Ireland.
The FDI sector in the country was rocked 2 weeks ago after Apple was ordered to pay Ireland up to €14bn in back taxes over a perceived special deal. While that may be great for the government ahead of next week’s budget it might have upset other big investors in this country. That is one of the reasons why the Enterprise Minister Peter Burke is in the West Coast of America at the head of a trade delegation with Enterprise Ireland and the IDA. Joe spoke to Minister Burke this morning.
Getting mentoring or advice is more important to female business startups than money? That’s one of the findings of study carried out by the credit card giant Visa as part of its ‘She’s Next’ programme to support women entrepreneurs. Joe was joined on the show by Mandy Lamb Managing Directors of Visa UK and Ireland.
Last week Amazon surprised many people by ordering all its white collar staff back into the office from January next year. And only yesterday a survey found that many Irish employers would give better pay and benefits to those workers who regularly show up in the workplace. It’s a massive U-Turn for some employers to pivot away from encouraging working from home following lockdowns.
But is it good or bad for the economy to clamp down on Hybrid working? Joe discusses this with Donal O’Donoghue runs Sanderson recruitment.
The Dublin stock exchange known as Euronext Dublin lost 3 major companies last year CRH, Smurfit and Flutter. It diluted the depth of capital markets in this country and may lead to other large listed companies to follow them out the door and to float in New York. But Dublin is fighting back with the launch of an alternative market to make it easier and cheaper for smaller firms to list. But will it work?
Joe discusses all with Daryl Byrne the Chief Executive of Euronext Dublin.
In Just over a week from now, Jack Chambers will rise to his feet to give his first and the coalition government’s last budget. He will have billions to spend and an electorate to woo ahead of the general election which could take place in weeks rather than months.
But what will companies want to see in the budget in light of the fact that many of them have been struggling with much higher employment costs as well as red tape. We discuss all with Mairead Harbron a partner with PWC.
Joe Lynam was joined this morning with Kathleen Brooks from XTB to take a look at the international business headlines.
Joe Lynam takes a run through all the business news this morning with Aidan Donnelly from Davys.
There was a time when it took a week to transfer money between bank accounts in Ireland. From January it should take seconds. Much of that improvement is thanks to the pressure applied on the traditional banks by FinTechs or technology firms who focus on banking and financial services. The Fintech sector gathers again today for its conference and AI as well as cyber security will be on the agenda. But so too will be regulation and the cost of banking no doubt.
Joining Joe in studio this morning was Michael Concanon the Director of Strategy with the Fintech and Payments Association of Ireland.
One of Argentina’s biggest companies is Globant. It was the first Latin American business to float on the NY stock exchange and now the IT and software giant supplies the likes of Google, Electronic Arts and even AIB here in Ireland. Joe caught up with the founder Martin Migoya at the Dublin stock
Using the courts to settle disputes is a very expensive business and excludes the vast majority of consumers and SMEs. But there are cheaper alternatives including Mediation which brings together the warring parties with the aid of specialist mediators.
Why don't more of us use it? It comes as the legal profession faces questions of speed in delivering justice from the Tanaiste and amid a strike by barristers over fees. Joining Joe this morning was Ronan Hannigan is a partner with the law firm Clark Hill.
Last week the world of technology and especially the FDI sector here was rocked by a surprise decision by the European Court of Justice to order Apple to pay up to €14bn in back taxes to Ireland over a special tax arrangement in the early 2000s. The Irish government suddenly found itself having to explain that decision to dozens of other large tech companies based here. Some people worried that it could damage links with large foreign investors.
Joe speaks to Michael Lohan the Chief Executive of the IDA.
LinkedIn is one of the biggest social media platforms and certainly the most polite as its users are primarily professionals. It’s a popular networking site and frequently used for job hunters. And the latest survey from LinkedIn, which is owned by Microsoft, shows that Dublin has seen the biggest uptick in hiring among the top 50 cities around the world. In fact, Ireland comes in as the 6th most popular country for job searches. It comes amid an ever-worsening housing crisis and many employers rowing back on its offers to work from home.
Sue Duke Country Manager for Ireland with LinkedIn joined joe this morning on the show.
The latest assessment of the health of the Irish economy from the Central Bank of Ireland suggests that the economy is performing well but bottlenecks are starting to hold future growth back and may even resuscitate the perception of inflation. And the central bank says that Ireland may need 20,000 more homes built per annum than are currently being constructed. It even provides some advice on how to solve the nations seemingly intractable problem.
Joining Joe this morning was Dr Robert Kelly is the Director of Economics and Statistics with the Central Bank of Ireland.
The biggest annual event in Ireland starts today. Known simply as ‘the Ploughing’ it brings together hundreds of thousands of people every year and is a ‘must attend’ event for politicians and companies as they get a chance to speak to ordinary people and find out what they like and what they loathe. It’s akin to the Champions league final for the Irish Farmers Journal and telling us how important this event is to the farming community was Lorcan Roche Kelly is the Agri-Business Editor with the Journal.
Yesterday one of the most important commissioners in the European Union, Thierry Breton, resigned suddenly in a row with the President Ursula Von der Leyen. It comes as she tries to formulate a brand-new commission. As newly elected MEP‘s digest the crucial report from Mario Draghi last week which hopes to restore European competitiveness which has fallen behind China and the US over the past 20 years.
So what can MEPs do to steady the ship and stimulate growth in Europe? Joe asked Aura Salla is a member of the ECON committee of the European Parliament.
Gerald Lawless was the president of the Jumeirah Group in Dubai which includes the iconic Burj Al Arab Hotel. He was also a Director here at the Shelburne hotel and has worked in the Tourism trade in Switzerland. He’s seen how tourist trends develop and has some views on the idea of a tourist tax. Gerald joined Joe this morning.
Data centres love them or loathe them are at the heart of the digital economy and will become even more important as the normal economy takes up the usage of AI which requires even more storage and computing power than ordinary text searches. One Irish company MTM Engineering has been around for 27 years and benefited from the surge in data centres here.
Speaking to Joe this morning was Brendan Mee is the Chief Executive of MTM engineering.
Do you know what social investing is? Perhaps your company does it to improve its ESG credentials. Mary Lawlor Chief Executive Clann Credo encourages companies to invest in projects which have a social purpose rather than just a Profit motive.
Mary Lawlor Chief Executive Clann Credo joined Joe this morning this morning to chat about the work of Clann Credo.
Even though consumption patterns appear to suggest that we are spending more, new research for PTSB finds that we are in fact saving more than usual as well. And we are switching utility providers more than as well. Despite that, the Reflecting Ireland study says that more than ⅖ of us don't have an ‘emergency fund’ while conversely 61% of consumers think things will get even better for them next year.
Speaking to Joe this morning Leontia Fannin is chief sustainability and corporate affairs officer with PTSB.
The fourth onshore renewable energy auction was announced this week. Overall just over 2 GW of solar and wind energy was available to be bidders. 60% of that, which can power the homes of 900,000 people for one hour, will be onshore wind farms and the rest solar. The guaranteed price from the State to the winning bidders came in at just under €100 per MW of electricity. That’s slightly less than the previous auction. But how long before these vital new energy sources are actually online?
One of the successful bidders was the Danish owned Ørsted which got approval for a 55 MW solar farm in Cork. Speaking to Joe this morning was TJ Hunter Head of Onshore business with Ørsted UK and Ireland.
In 19 days from now the Finance Minister Jack Chambers will rise to his feet to give this coalition's final budget before the election. He has plenty of money in his pocket but what will he spend it on? Small companies have been complaining for quite awhile that they are overburdened with red tape and employment costs. The Small Firms Association wants to see a PRSI rebate as well as a national training voucher scheme. It also wants an overhaul of the tax system which might be a big ask. But what should small companies realistically expect?
Speaking to Joe this morning was David Broderick, Director of the Small Firms Association.
There are nearly 800,000 domestic boilers in this country. The vast majority of them use kerosene to heat our homes but kerosene is a pretty filthy gas and awful for our environment. We also have incredibly ambitious targets to cut our emissions from domestic heating by 40% over the next six years.
One Cork company, Firebird Home Heating, reckons it can do its bit as part of the transition to emissions free heating of our homes. They propose using hydrotreated vegetable oil mixed with kerosene and making that fuel of choice between now and 2030.
Mark Doyle, Managing Director of Firebird Home Heating Solutions joined Joe this morning to discuss further.
Donald Trump squared off against his presidential rival Kamala Harris overnight and a few sparks flew. Much of the world holds its breath to see who will be in the White House from next year. But business leaders are also watching to see who will be running France and Germany over the next 12 months.
To pull these strands together, Joe spoke to Michael O’Sullivan is author of the Levelling and co founder of Unio Wealth Managers.
Joe was joined by Noelle O’Connell, CEO of the European Movement in Ireland, to discuss Mario Draghi’s recent speech on the EU's economic challenges. Draghi, credited with saving the Euro in 2012, warned that Europe is falling behind the US and China in competitiveness. He proposed major reforms, including changes to EU voting rules and suggested the need for €800 billion annually in investment. Draghi also floated the idea of introducing direct EU taxes or collective borrowing to fund these efforts.
Joe was joined by Peter Vale, International Tax Partner with Grant Thornton, to discuss the ongoing legal battle over Apple’s €13.2 billion fine, which has been sitting in an escrow account for six years. The EU Commission accused Apple of illegally obtaining state aid from Ireland, but Ireland has been defending Apple, fearing it could harm future foreign investment. As the European Court of Justice prepares to make its ruling, this decision could have major implications for Ireland and its relationship with tech giants.
A look at today's business stories and websites with Newstalk's Business Editor Joe Lynam.
In this episode, Joe was joined by Steve Thomas, General Counsel with Kelkoo, to discuss the upcoming ruling from the European Court of Justice on Google's appeal over alleged anti-competitive practices in the price comparison market. The EU accused Google of favouring its own comparison-shopping service in search results, sidelining competitors like Kelkoo. With a potential €2.4 billion fine at stake and the possibility of a company breakup, this case could have profound implications for the tech giant and the broader market.
Joe was joined by Seán O’Driscoll, former CEO of Glen Dimplex and current chair of the ESRI and the governing authority of University College Cork where Seán shared his deep frustrations about the state of university funding in Ireland and the slow pace of infrastructure development. The conversation kicked off with a focus on how Irish universities are funded and why the current system needs urgent reform.
The AI large language model belonging to X known as Grok has agreed to stop harvesting personal information and data from European union users. It follows a complaint from the Irish data protection commissioner and is probably the first notable victory against X since Elon Musk took over two years ago.
But does it matter and has Grok already harvested enough information from us without our consent? We discuss with Newstalk's Technology Correspondent Jess Kelly.
Emirates has doubled the number of flights it makes from Ireland to Dubai every day. Joe spoke with Anita Thomas, the Ireland manager with Emirates and began by asking her how business is for them.
The Sligo luxury goods maker Voya will now provide fragrances and cosmetics on Emirates business and First-class flights and in its lounges worldwide. Joe asked the founder of Voya, Mark Walton, how they first came into contact with Emirates?
A shocking 51% of adults have yet to write a Will and only 14% of those bequeath any money to charities. Now the advocates MyLegacy hope to persuade more of us to start writing a Will and think of worthwhile causes when it comes passing some of your money.
Niall O’Sullivan, Chairperson of My Legacy spoke to Joe this morning on the show.
A report published yesterday says Europeans may need to eat less meat and buy more locally produced produce. Is it a sop to Farmers, who may have to radically change what they do and which may end up costing consumers a lot of money or is it a realistic solution to cutting emissions?
To discuss further with Joe was Olof Gill is a spokesman for the EU Commission.
The Land Development Agency was set up only three years ago to turn state-owned land into affordable homes. It's set to become the biggest single house builder in Ireland. But its future may be in jeopardy as Sinn Fein has said this week it would scrap the LDA in order to speed up house building.
Speaking to Joe this morning was John Coleman is the chief executive of the Land Development Agency.
IBEC, which represents most Irish employers, is not a political party and is not running for Office but it has just published its manifesto. It’s heavy on aspiration and acknowledges that implementation is a lot easier than publication. It calls for the speeding up infrastructure delivery, investing in public services, enhancing lifelong Education and reducing red tape
To discuss the manifesto details was Danny McCoy Chief Executive of IBEC.
In exactly four weeks, the Finance Minister Jack Chambers will issue his first and the coalition’s final budget before the election. Every sector has its thoughts on what the government should do including the investment and money management sector.
Wealth managers Elkstone, who invest only in Irish ventures, have issued their proposals and there are some interesting suggestions including the creation of Unregulated limited partnerships.
Speaking to Joe this morning on the show was Alan Merriman is the Chief Executive of Elkstone.
The Lockdowns of 4 years created a boom in DIY people tried their hand at doing bigger jobs in their own home rather than pay someone to do it. One of the beneficiaries of that boom was the giant hardware chain Screwfix which has more than 900 stores in Britain, Ireland and France.
John Mewett the Chief Executive of Screwfix is worried about a decline in apprenticeships and people going into trades like carpentry and plumbing. John joined Joe this morning on the show.
Joe Lynam takes a look at the main business headlines this morning along with Ross Mould from AJ Bell.
Soon the annual Business to Arts Awards take place in which those companies large and small who make the biggest effort to support music, theatre and dance, and get public recognition for their donations and collaborations.
Some businesses donate to help struggling artists, others do so as an act of staff retention and some do it for the tax incentives. Either way the Arts certainly need the money. Joining Joe in studio was Louise O’Reilly is the Chief Executive of Business to Arts which organises the awards.
In order to deal with global credit card providers such as Visa or MasterCard, companies need something called a PCI which proves that their own IT systems are robust to deal with in a safe and secure way. One Irish company specialises in this and even provides services to the Central bank of Ireland
Joining Joe this morning was Ian Brown is the Executive Chairman of Integrity360.
Every business is trying to reduce its carbon consumption and its carbon output these days but one business has designed a device to suck carbon out of the atmosphere and it could really be a game changer on a worldwide scale if it breaks through.
Carbon Collect is an Irish-owned company which has former Taoiseach Enda Kenny on its board, which has worked alongside Arizona State University to design a type of mechanical tree to remove more carbon in one device than an entire forest could. Speaking to Joe this morning was John McKeon Co Founder of Carbon Collect.
A look at Thursday's business news and updates with Newstalk Business Editor Joe Lynam.
For live music fans it’s been an amazing summer: Springsteen, AC/DC and Taylor Swift and that's before Coldplay arrive here this weekend. Live music revenues were up 23% last year as we queued up to pay good money to be entertained. That’s according to PwC’s Entertainment and Media Outlook which says the live sector will grow to €530m by 2028.
It also says that the overall Entertainment and Media sector will continue to grow annually to a value of €7.6bn by that time including Video on demand, cinema going and internet advertising.
To discuss further Joe was joined on the show by Conor Forde is director of Entertainment and Media with PwC Ireland.
There was a time when the vast majority of employees in the financial services sector in Ireland were based in Dublin. No longer. Now the latest ‘Ireland for Finance’ report by the government says that a quarter of the 57,000 banking and fintech jobs are outside the capital.
It comes as Irish banks are enjoying record profits. But is this mini banking boom sustainable? Neale Richmond, Minister of State with responsibility for Financial Services, Credit Unions and Insurance.
If you've been to a giant Manor house such as Johnstown House in Wexford or Strokestown House in Roscommon, you’ll see a wonderful slice of Irish history. Good and bad but you’ll also be at one of the many properties not owned by the State but by wealthy individuals which are part of the Irish Heritage Trust.
Joe was joined on the show by Anne O’Donoghue Chief Executive of the Irish Heritage Trust and began by asking how these huge houses avoid losing money.
Kerrigan’s butchers have been plying their trade for 51 years when Brendan Kerrigan opened his first shop in Donaghmede. It’s got 4 outlets now and focuses more on nutrition and delivers now nationwide. But with the growth of non-meat diets, what's the future like for those who sell it?
Joining Joe on the show was Barry Kerrigan is the Managing Director of Kerrigan's butchers.
The Russian-born founder of the Telegram messaging services Pavel Durov was arrested over the weekend in Paris on charges of failing to moderate extreme chats online. Messenger was used to spread many false claims ahead of the Dublin riots last November. It brings into sharp focus how and whether governments can regulate big technology. And it comes as big semiconductor companies such as Intel are starting to trim their sails and reduce their global footprint.
Joining Joe to discuss these big themes is Grit Young M&A Adviser and Valuations partner with EY Ireland.
A look at today's business stories and websites with Newstalk Business Editor Joe Lynam.
Emmet Ryan Technology Journalist joined Emmet this morning on the show to chat about the new and Emmet we want to talk a new Google phone the Pixel Pro 9.
Fans of the Georgia Tech and Florida State University football teams are in town for the Aer Lingus College Football Classic. The game which is a sell out at the Aviva Stadium will generate in excess of €115 million economic boost to the city while it is also broadcast on national TV in the US.
Speaking to Emmet this morning was Padraic O'Kane Co-Founder and Director of the Aer Lingus College Football Classic, the man responsible for bringing the game to Dublin.
As of October 17, 2024, the second Network and Information Systems Directive (NIS2) is poised to transform cybersecurity regulations, casting a wide net of accountability across different industries in Ireland.
Speaking to Emmet this morning was Puneet Kukreja, EY UK and Ireland Cyber Security Leader.
15 years ago Shannon airport became the first in the world to have US customs preclearance. Dublin has since followed and other international airports are hoping to get there as well. It was the first time that US bound passengers could do all their customs on foreign soil and avoid hours of queuing in American airports. It comes as Shannon will soon mark the 80th anniversary of the world’s first duty free shop. But smaller airports still struggle to compete for business against the magnetic pull of Dublin airport.
Joining Joe on the show this morning was Mary Considine, the Chief Executive of Shannon Airport.
We’re in heady times in geopolitical terms. Russia has foreign soldiers in its territory for the first time since 1944. A regional war looms in the Middle East and the world holds its breath to see who will be in the White House next year.
All of these issues impact the economy and to discuss some of them is Monika Bičkauskaitė with the Key Elements Group who was also with the German Marshall Fund.
The leaving cert results will be out on Friday. Apart from anxious students, some parents will have spent a small fortune trying to get their children the best grades possible. That includes of course grinds which can often be an expensive business. Ronan Murdock is the co founder of Grinds 360 online grinds service, which allows students to brush up on weaker subjects but also to access notes for all subjects all from the cloud. His backers include the rugby legend Brian O'Driscoll. Ronan joined Joe this morning on the show.
52,000 inspections usually unannounced were carried out over the past year to maintain public safety and keep standards up for pubs, restaurants and even pop up providers and vans.
It comes as the FSAI launches a new portal with plenty of videos showing would-be food providers what they need to know about hygiene and food storage if they are thinking of opening up a premises.
Dr Bernard Hegarty Director of Enforcement Policy with the Food Standard Authority of Ireland joined Joe to discuss in studio this morning.
For every Euro spent on diesel in Finland, the government charges drivers 54 cents in taxes while Cyprus levies only 39 cents. For petrol, it’s 60 and 43 cents respectively. But according to Fuels for Ireland, Ireland will soon pass the Finns out when it comes to motor fuel taxation after the budget in October. But is that a bad thing if we’re trying to discourage carbon emissions and move over to electric vehicles?
Joe discusses this with Kevin McPartland is the Chief Executive of Fuels for Ireland.
DART+, the Cork LUAS and Metro as well as dozens of road building projects are just some of the big contracts which the government will be offering out to tender to builders soon. But will Irish construction companies even bother applying? According to the Construction Industry Federation, 48% of their members have no or low involvement in public infrastructure projects. Much of that is down to low margins and leaky contracts.
Paul Sheridan, Director of Main Contracting in the Construction Industry Federation joined Joe on the show.
Dublin Bus carries more people every day than any other public or private transport provider on the island of Ireland. It gets a hard time sometimes for its speed and its disappearing ‘ghost’ buses but it’s at the heart of the capital city and is carrying more passengers than ever before. But Dublin Bus is not the master of its own fate. It has multiple bosses including the National Transport Authority, the Government or the day and any one of 4 local Dublin authorities
Joining Joe in studio was Billy Hann the Chief Executive of Dublin Bus.
The Irish population is growing 4 times as fast as the economy can build new homes. That 4 to 1 ratio is far higher than comparable countries such as Canada or Australia. That’s the result of a study from Savills which comes hot on the heels of most chartered surveyors saying that house prices and rents were simply too high.
Savills also says that some of the issues with soaring rental prices may have arisen due to Central bank of Ireland rules curbing lending to households.
John Ring, Director of Research at Savills spoke to Joe this morning to chat about these findings.
Whether it’s from Vietnam, Venezuela, the Caribbean or Sicily, Street Food provides quality food delivered from a van or something on wheels and it is sweeping the nation.
Seany McCleary was in the street food vending business himself until he returned from abroad and discovered there was more money in advising other vendors than doing it himself. Now StreatSchool does exactly that and has at least 250 trucks and vans on the road in what is rapidly becoming an important part of Ireland’s gastronomic scene.
22,000 consumers have complained about a product or service they received in the first half of this year according to the Competition and Consumer Protection Commission. That’s up nearly a fifth on last year. The most complained about sectors were vehicles and transport and then telecoms and broadband.
Joe discusses these findings with Grainne Griffin from the CCPC.
Enjoy the Olympics folks? Enjoy the fact that Ireland has never won as many medals? Note the fact that without financial support, none of that would have been possible? We may think athletes don't need money to win stuff but they do. Our rowers need to be trained to the highest standards and someone has to pay for that?
Property advisers Avison Young have been sponsoring Rowing Ireland for 8 years and take great pride in the Gold medal won last week by Fintan McCarthy and Paul O’Donovan. Fergal Burke is the Managing Director of the commercial property advisers Avison Young
The market gyrations last week led to a few people reassess where their future savings should go. Interest rates on deposits are still risible. And Some may have said that shares were too risky. Others may start looking at alternative investments such commodities and even Cryptocurrencies.
Some may decide to leave much of the decision-making to others through family offices. All topics for Karl Rogers Chief Investment Officer with Elkstone.
Having our first coffee of the day is a ritual all over the world and for some it's essential to wake up and kickstart the day. Ireland was late to the coffee revolution but is now taking to it with gusto. There are even coffee festivals here like the one in Birdhill in Tipperary.
Alan Andrews runs that festival but also sells something called Boutique coffee in his coffee shop called GUJI in Limerick and Cork.
Amid the recent riots caused in part by the lies being actively shared on the internet, arrests have been made and some have been sent to jail in the UK. Not yet in Ireland though. But what about the internet platforms who were slow or even declined to remove what it knew to be racists and inflammatory rhetoric and accusations?
Simon Harris says that directors should be held personally liable. But can they and can authorities simply shut down platforms without a legal process?
We discuss with Michele Neylon the Chief Executive of Blacknight which is a domain registrar and hosting company.
A look at the international business stories this morning with Joe Lynam and Ross Mould from AJ Bell.
Yesterday Elon Musk tweeted a post from a far right leader in the UK which itself was promoting an utterly fake news article in a mock news website about asylum seekers. Two days earlier the world's richest man and owner of X said civil war had been unavoidable. That sparked an angry reaction from our own Simon Harris who said the days of self regulation by the big technology platforms were over. But are they? And can they be switched?
Joe discuss this further with Ciara O’Brien is Business and Technology Journalist with the Irish Times.
At the end of July a well-known expert in foreign affairs and international tax policy posted an image of the Top three countries in the world in terms of GDP per capita. But he was highlighting how the US pharma sector was using tax avoidance or tax management as the big drugs companies would call it, in Ireland. So could all the tax revenue enjoyed by Ireland be in jeopardy after the US elections?
Brad Setser is a Senior fellow of the Council of Foreign Relations and is that expert who highlighted the perceived injustice of the global tax system and joined Joe on the show this morning.
America is creating a bipolar world in trade terms. One in which you’re either on its side or China’s side. The new cold war is not one which Europe actively wants to wage but it may come to ‘picking a side’ especially if America threatens to withdraw its military blanket.
Meanwhile the Chinese economy is in its softest patch in many decades with domestic demand weak and even exports slowing. Finbarr Bermingham is Brussels correspondent with the South China Morning Post and joined Joe this morning on the show.
If you are an entrepreneur and want to know how to create a range of products widely available on many shelves, Denise Walsh is the person you want to hear from. She’s the founder of Curly Co which sells dozens of hair care products in all the main pharmacies in Ireland. In fact she’s in 180 different outlets on the island.
Denis joined Joe in studio to chat about her products and business.
Joe takes a run through of the main business stories in this morning business papers and websites.
According to Aviva Ireland, the number of people suddenly withdrawing their claims against individuals and companies just before their court hearing has jumped by 20%. Some of that is down to Guards or insurance companies alerting the police about suspected fraudulent claims. But will this mean premiums should start falling?
Brian O’Connor, Chief Claims Officer, Aviva Insurance Ireland which represents 13% of the entire market.
Newstalk's Business Editor Joe Lynam takes a look at Wednesday main business headline in this morning's newspapers and websites.
This won't come as a shock for anyone out there seeking to buy a home. But data from myHome.ie has confirmed just how tight the sales market is in Ireland by showing that the number of properties available last month was 50% lower than July 2014 despite having built at least 200,000 homes in that time. The problem is especially acute in Munster where there are now 61% fewer properties to buy than 10 years ago.
We get the details from Joanne Geary is Managing Director of MyHome.ie .
Some associate health and safety with red tape and unnecessary rules and restrictions. But in most cases safety is merely designed to save lives and protect colleagues and the public. One company based in Naas, specialises in safety training for other companies. Whether its training first Aiders or what to do and wear before entering a building site, Shorcontrol even has the safety.ie website.
Fiona Spillane, General Manager, Shorcontrol Safety joined Joe this morning on the show.
Services include everything from accountants to painters and from waiters to coders. It is the single biggest component of the Irish economy and if it moves up or down, the Irish economy moves up or down with it.
The latest benchmark of the health of the Services sector is out. And the AIB PMIs show a sector is robust health though a smidgeon softer than the previous month.
Joe goes through the findings with David McNamara, Chief Economist with AIB.
Venezuela had the world's largest proven crude oil reserves with approximately 17% of global reserves. And yet its citizens are among the poorest in the world. Up to 7 million have fled the country over the past decade causing political instability in all its neighbours - including the US.
Now the South American nation faces another crisis as it appears to have rigged the recent Presidential elections in favour of the incumbent Nicolas Maduro.
For more on this Emmet spoke to Jon Farmer the Editor-In-Chief at LatinNews and Editor of our Latin American Weekly Report.
Lawyers who defend people who cannot afford their own barrister in criminal cases are paid a fixed amount by the State. That amount was cut during the economic crisis of 2009 and that fee has remained there 15 years later.
That’s why there have been a number of stoppages by barristers demanding restoration of the original payments. But lawyers have also resisted many attempts at reform including independent assessment of those accused of wrongdoing. So sympathy may be limited for their pay demands.
We discuss all with Ames McGuill Senior Council and practising Colicitor in criminal law.
We go through all the business news and markets with Emmet Oliver and Aidan Donnelly from Davys.
The CVV is the 3 digit number at the back of your card. Retailers will always need it when you buy stuff over the phone or online. But with 1 in 5 of us being a victim of card fraud, An Post Money is launching a new extra layer of security with a constantly changing CVV number. It’s all part of the company’s drive to beef up its presence in consumer financial services.
Joe spoke to Lucy Murray the Customer Experience Director with An Post Money and began by asking about how this new CVV system would work.
The founder and boss of Supermacs as well as numerous hotels and the Barack Obama Plaza, Pat McDonagh, says he’s increasingly worried about anti-social behaviour at his businesses with shoplifting and general lawlessness. His concerns come as he and other companies in the hospitality trade complain about higher costs including higher wages costs and red tape.
Pat McDonagh also says planning delays caused by ‘serial objectors’ are holding up development in this country. Pat joined Joe this morning on the show.
Ireland’s 4th largest supermarket Lidl will be getting a new boss soon. That’s because its current chief executive JP Scally has been sent to run the French division. Mr Scally has had to deal with many crises in his time here, including lockdowns and rampaging inflation as well as food scares. But he’s also been prominent in his company’s support for Irish women in sport.
JP Scally Managing Director of Lidl joined Joe this morning on the show.
Whether it was the collapse of Love holidays, the Aer Lingus strikes and most recently the cancelled flights due to an IT meltdown, it’s been a busy 6 months for the travel sector. The weather over here means our desire to get off the island remains undimmed.
We took an astonishing 43% more holidays overseas than last year. But should we be flying in the midst of a climate crisis? And how worried is the sector about over tourism and not being wanted by the locals. Joe asked Clare Dunne the Chief executive of the Irish Travel Agents Association.
Newstalk Business Editor Joe Lynam goes through the main business headlines this morning.
Smurfit, Flutter and CRH are just 3 of the major companies that have delisted from Euronext Dublin stock exchange. There are genuine worries about how to reverse the decline, so now the boss of the Euronext Group in Paris has announced plans to set up a Springboard market in Dublin to get smaller companies listed in Ireland.
Speaking to Joe this morning was Paddy Quinlan, Corporate Finance Partner, Taylor Wessing Ireland who advises on capital markets.
Joe was joined by Dara Calleary, Minister of State for Trade Promotion, Digital, and Company Regulation, to talk about the efforts to steer Irish SMEs towards full digitalisation. Despite the digital sector's prominence in Ireland’s economy, many firms still operate with analogue methods. Dara discussed the new government website, GrowDigital.ie, designed to assess and assist companies in their digital transformation journey.
Joe was joined by Newstalk's Tech Correspondent Jess Kelly to discuss the recent news that Google’s parent company, Alphabet, has decided to retain cookies after previously announcing plans to eliminate them. Jess explained what a cookie is, how it follows users around the internet, and what this decision means for both users and advertisers.
Joe Lynam takes a look at the main business stories this morning, with Michael O'Sullivan, co-founder of Unio Wealth Management and author of 'The Levelling'
Joe was joined by Zoë Bradley, Head of Marketing and Corporate Affairs at Toyota, to discuss the current trends and challenges facing electric vehicle (EV) sales. While the shift towards EVs is inevitable in the long run, recent sales have declined due to concerns about recharging infrastructure, especially for long journeys. Despite these challenges, younger drivers remain optimistic about EVs, as shown by a recent Toyota survey. With the ban on traditional engines looming in 11 years, the conversation explored what needs to be done to support the transition to electric vehicles.
Joe was joined by Owen Reidy, Secretary General of the Irish Congress of Trade Unions, to discuss the recent resolution of the Aer Lingus industrial dispute and its implications for industrial relations in Ireland. Despite the inflation shock from 2022, Ireland has enjoyed a prolonged period of growth in a strike-free environment. However, employers are now facing excessive new charges and costs, raising questions about the future of industrial peace.
Last Friday's global IT meltdown highlighted the failures in digital preparedness. Joe was joined by Paul Delahunty, Chief Information Security Officer with Stryve, to discuss the upcoming Digital Operational Resilience Act from the European Union, which will impose significant fines on companies that are not ready. With just six months to prepare, how can companies ensure they meet the new standards?
Joe was joined by Stephen Barry-Hannon, Project Manager with BioDirect, to discuss the innovative work being done to find sustainable substitutes for everyday plastic and petroleum-based products. The project aims to create valuable eco-friendly products and companies on both sides of the border.
Joe was joined by John Fareed, Global Chairman with Horwath HTL, to explore the significant role of tourism in the Irish economy, which accounts for 5% and sustains over a quarter of a million jobs, often in remote areas. They discussed the environmental impact of mass tourism and whether it's time to rethink the types of tourism to encourage. John also shared insights from his book, "Invisible to Icon: How to Become a Known Expert in Your Industry."
Joe was joined by Liam McKenna, Partner in Consulting Services at Forvis Mazars, to discuss the impact of GDPR, which has been in effect for six years. Despite its intent to protect citizens' privacy, a survey by Forvis Mazars revealed that many companies are still not compliant, risking huge fines and public embarrassment.
Last Friday, Ryanair and other major airlines faced disruptions due to an IT meltdown caused by Crowdstrike. The incident occurred during the busy summer season, highlighting the aviation industry's vulnerability. Ryanair's latest quarterly results showed a 46% drop in profits, despite a 10% increase in passenger traffic. The airline also reported significant declines in European air traffic control capacity, causing numerous delays and cancellations. Joe was joined by Neil Sorahan, CFO of Ryanair, to discuss the challenges ahead.
Over the weekend, the Irish Times reported a concerning trend: investors were increasingly turning away from physical shops and malls, spurred by the rise of online shopping. This shift was particularly noticeable in mid-sized towns, where interest in high street retail space was dwindling in favor of large out-of-town shopping centers with ample free parking. Joe was joined by Colin Richardson, Director of Research at CBRE, to discuss the current state of the retail real estate market and what this meant for the future of shopping.
The Advertising Standards Authority received 1,402 complaints concerning 1,134 advertisements in 2023 that’s according to their 2023 Annual Report
Speaking to Emmet this morning was Orla Twomey Chief Executive of the Advertising Standards Authority to discuss their findings.
There is significant pressure facing the drinks industry as total drinks exports in 2023 were down 8% at 1.8 billion compared to the previous year. For more details Emmet was joined on the show by Pat Rigney, Chairperson of Drinks Ireland.
Emmet Oliver looks at today's business, finance and markets this morning with Kate English from Deloitte.
Following June’s rate cut, the European Central Bank is expected to maintain rates steady at today’s meeting, awaiting September economic projections. With more on this Emmet spoke to Economist Austin Hughes.
The latest office market report by BNP Paribas Real Estate Ireland has shown a strong rebound in Dublin office lettings, but supply surge is still driving vacancy higher.
Speaking to Emmet this morning was John McCartney, Director of Research BNP Paribas Real Estate to chat about the report findings.
Verodat, a Dublin based technology company has just launched its revolutionary AI data platform and to tell Emmet all about it was Verodat CEO, Thomas Russell.
Ryanair’s legal action case against online travel giant Booking.com got underway in the US state of Delaware yesterday.
Eoghan Corry, Owner and Editor of Travel Extra brought us the details of the case.
Changes in labour legislation are threatening the viability of small business and Ireland’s competitiveness that's the warning from the Employment Recruitment Federation. Their President, Siobhan Kinsella joined Emmet in studio this morning to discuss further.
Ireland 5th most attractive country to invest in renewable energy projects on a GDP-normalised basis. Speaking to Emmet this morning was Sean Casey, EY UK & I in Ireland Energy and Infrastructure Consulting Leader.
FraudSMART are calling on businesses to remain vigilant as SMEs lost almost 10 million euro through email-related scams in 2023. Speaking to Emmet to discuss further was Niamh Davenport, Head of Financial Crime, BBFI.
A look at today's business news stories and markets with Emmet Oliver along with Aidan Donnelly from Davys.
We hear about the Irish Business Challenge with Gerard Duffy, Owner of Eurotech and Tom Watts, Head of Design at Design and Crafts Council Ireland.
JB Barry and Partners, the Dublin-headquartered consultant engineering firm is rebranding as Egis following its acquisition by the French-headquartered global engineering and operations group
Laurent Germain, CEO of Egis Group joined Bobby this morning on the show.
A new Property Price Report by MyHome.ie has revealed national asking prices are up 7.3% over the last year, making it the fastest inflation growth in nearly two years.
Speaking to Bobby this morning was Conall Mac Coille, Chief Economist with the Bank of Ireland.
78% of businesses have no budget set aside for sustainability initiatives that's according to a new survey. To discuss further Bobby was joined on the show by CEO of UrbanVolt Kevin Maughan.
A look at today's business stories and websites with Bobby Kerr on the show this morning.
Almost two years after Elon Musk's acquisition of Twitter, many users sought alternatives due to its new right-wing slant. Meta launched Threads a year ago as an alternative to X, aiming to filter out extreme views. Joe spoke with Jess Kelly, technology correspondent, to discuss the performance and reception of Threads.
The political landscape is shifting dramatically, with the Tories ousted from office in the UK, potential changes looming in France, and Joe Biden's second term prospects in doubt in the US. Joe spoke with Russ Mould from AJ Bell and Mike O’Sullivan, author and co-founder of UNIO Wealth Managers, to discuss the implications of these changes in three of the top G7 economies.
It’s Independence Day of course and US companies are the largest investors in Ireland but amazingly we’re the 5th largest investor in the US. That means that thousands of Irish companies need to be aware of a new piece of legislation over there called Corporate Transparency Act. It has a number of provisions including a declaration of the beneficial owner. Failure to do so could land you in jail for up to 2 years.
We get the details from Sean Nolan, Partner, international law firm Clark Hill.
Few economies are as dependent on international trade as Ireland. In fact, our international trade is a multiple of our total economy. So other countries are looking on with envy at how Ireland does it and some of them will doubtless attend a conference about that today.
The Trade Horizons conference in Dublin Castle has a theme of “trade for a sustainable future”, but is that possible when shipping and transport accounts for huge swathes of global carbon emissions? To discuss with Joe was Dara Calleary is the Minister of State for Trade Promotion, Digital and Company Regulation.
The Luas in Dublin is 20 years old. It was severely delayed as usual when it comes to large infrastructure projects in Ireland and it wasn't universally welcomed but now it is about to surpass 50 million journeys in a single year well in excess of its original estimates.
So what lessons have planners learned from LUAS for other big transport projects nationwide and why can't we get stuff built on time here?
Joining Joe this morning was Paolo Carbone, Head of Light Rail at Transport Infrastructure Ireland.
Foodcloud uses the internet to collect unsold food from supermarkets and distribute it to charities who in turn pass it on to those who need the food the most. Foodcloud does this with the help of volunteers including 2000 staff members from AIB, which has renewed its financial and volunteer support scheme. But why are we still throwing out so much food?
Joe spoke to Aoibheann O'Brien the Co Founder of Food Cloud.
What do you do if you are running a successful international property business and making good money? The answer for one lady from Donegal was to pack it all in and open up a distillery in her hometown of Muff.
With the distinctively titled name of Muff liquor, it makes gin, vodka and even whiskey, and has some very high profile supporters including Jimmy Carr and Russell Crowe no less.
Joining Joe on the show was Laura Bonner is the founder of Muff Liquor.
In just over 48 hours from now the British people will go to the polls to elect a new government. Everything points to the Labour party winning it. But what will it mean for trade and political ties with this country if a Pro Brexit Conservative party is replaced?
Imports from the UK have fallen dramatically this year while exports have also struggled from this country to Britain. And what about Brexit? All issues for Aidan Finnegan is Director of Policy with the British Irish Chamber of Commerce.
After a memorable weekend of music with Taylor, Shania, Longitude and the Saw Doctors, the question will arise about suitable venues to promote and foster music.
According to its owners, Ireland’s most advanced music venue is the Lark Hall in Balbriggan part of the Irish Institute of Music and Song. It’s a beautiful venue and only last week it won a key award from the Royal institute for Architecture for Ireland. But will IIMS be economically viable and where did it get its money from? All issues for Michael Dawson, Director of Irish Institute of Music and Song who joined Joe on the show this morning.
Kathleen Brooks from XTB brings us the international news stories this morning along with Joe Lynam.
From July 7th a new EU rule comes into force to improve car safety. It’s called Advanced Driver Assistance Systems (ADAS) and it will force car makers to monitor driver fatigue, drifting between lanes and even build in a breathalyser.
It will also include new radar technology which is being developed by an Irish company in Shannon Co Clare called Provizio and joining Joe this morning was Barry Lunn is the founder of Provizio.
A look at today's business stories and websites with Joe Lynam and Aidan Donnelly from Davys.
Almost 1 in 4 of us changed jobs over the past 12 months according to the latest work trend Index from Microsoft. That's the most since lockdowns were relaxed and reflects the fact that younger people - especially Gen Z workers are moving around a lot. The report also looked at attitudes to the huge changes on their way from AI and which groups worry the most about it.
Joining Joe on the show this morning was Ronan Geraghty, is Chief Operating Officer with Microsoft Ireland.
It appears as if things have improved internationally in economic terms and that has helped the Irish economy’s prospects for the next 2 years. GDP which had been declining here will remain buoyant this year and next according to the ESRI’s quarterly assessment. Unemployment is expected to decline to a near record low of 4% and net inward migration will enable the economy to continue to grow. However the current rate of house construction will not be enough to meet demand.
Speaking to Joe this morning was Dr Conor O’Toole is Associate Research Professor from the ESRI.
Earlier this week the EU council passed the 14th package of sanctions against Russia since its invasion of Ukraine in February 2022. These measures focused mostly on energy and Liquified natural gas imports from Russia.
The measures also include ways of dealing with circumvention or getting around the existing sanctions by some European companies. Despite swingeing sanctions, exports of some sensitive products to Russia’s near neighbours have risen exponentially as they always end up in Russia.
Speaking to Joe this morning was David O’Sullivan who is a Special International EU envoy for monitoring Sanctions against Russia and former EU Ambassador to the US.
Ireland may be getting a new Environment and Energy Minister soon but its moratorium on the construction of new data centres will remain government policy for the lifetime of this coalition. It means that large technology companies on whom the Irish economy depends, may have to think twice before further investment in this country if they cannot get easy and quick access to terabytes of data relating to their customers.
Also, AI continues to drive investment in other countries but may not be possible here due to issues with our digital infrastructure. All topics to discuss with Seamus Dunne, UK&I Managing Director at Digital Realty which is one of the biggest technology companies in the world and part of the S&P 500 index.
A look at today's business stories and websites along with Newstalk Business Editor Joe Lynam.
Do you know what the most suitable broadband provider is for your home? Can you trust what the companies say? Well the telecoms watchdog - ComReg is launching its own objective broadband checker to help households decide what the best value and best speeds are on your road.
Joe got the details of this new broadband checker from Barbara Delaney is the Consumer Policy Manager with ComReg.
The majority of entrepreneurs worldwide are men. Some of that is down to the risk taking gene but some of it is down to the fact that women are less likely to get seed funding for their startups. That was on the agenda at the InvestHer conference last week in Dublin which aims to change this venture capital bias towards women. And the goal is to get 1 million women entrepreneurs funded worldwide by 2030.
Speaking to Joe this morning was Anne Ravanona, Founder and CEO of Global Invest Her.
A look at today's business stories and websites with Joe Lynam and Ross Mould from AJ Bell.
Housing construction activity is on the rise in Ireland in 2024 but more labour may be needed to hit the higher targets. That’s according to the Banking and Payment Federation’s Housing Market Monitor report for quarter 1.
Speaking to Emmet this morning was Ali Uğur is the Chief Economist with the Banking and Payment Federation.
Joining Emmet this morning was Dr Angela Quinlan is the MD of Key Patent Innovations which is the company that helps you get patents in Ireland.
This morning Emmet Oliver takes a look at the stories making the business pages this morning.
Ireland’s famous or infamous bad bank - NAMA or the national asset management Agency is in its final full year of existence. It returned €350m to taxpayers last year and its annual report says it’s on target to return a total final figure of €5.2bn by the end of next year when it winds up for good. Economists, politicians and entrepreneurs will debate about whether NAMA has been a success or not?
Joe was joined on the show this morning by the NAMA Chief Executive Brendan McDonagh and began by asking him why he described last year a ‘very difficult’ one for the agency.
6.3million people visited these shores from abroad last year most of them were from Britain, the US or Germany and 41% of them were here on holidays rather than on business or to study. That means the tourism authorities have to continuously refresh what's on offer in a country which is not famed for being cheap.
Failte Ireland which is responsible for tourism to the Republic says it will be funding 85 new projects through the EU’s Just Transition Fund to find greener and more environmentally friendly ways of enticing visitors - through cycle paths and forest trails etc.
Orla Carroll Director of Product Development with Failte Ireland joined Joe to to tell more about the funding projects.
A look at today's business stories and websites with Newstalk's Business Editor Joe Lynam.
How many of us had never heard of probiotics before the arrival of the famous yogurt drinks such as Yakult 18 years ago on our supermarket shelves. Pro-Biotics are living bacteria that coexist within us and can improve our health and well-being. One Cork company, PrecisionBiotics, launched its biotic supplement called Alflorex a decade ago and the Tánaiste was on hand - no less - to mark that anniversary.
The Global dietary supplements business is booming. It’s set to be worth $128bn worldwide by 2028 according to Fortune magazine.
Speaking to Joe this morning was Colm O'Sullivan the General Manager with PrecisionBiotics.
Food imports from the UK have fallen dramatically over the past year but our food exports have continued to grow worldwide. In order to enable that to grow, Enterprise Ireland is hosting its second food innovation summit today which will highlight the research support needed to create the Kerrygold and Strong Roots of the future.
Speaking to Joe this morning was Michael Carey Chair of Enterprise Ireland.
Modified domestic demand, which is a more suitable benchmark for economic growth in the Irish economy than GDP, is set to grow by 2.5 % next year and 2% in 2026. That’s according to the Central bank of Ireland quarterly economic bulletin which also predicts that inflation will hit the sweet spot of around 2%, over the next two years. But it warns that the pace of excessive spending risks a crisis and that housing and other infrastructure issues need to be sorted.
To discuss further Joe was joined on the show by Robert Kelly the Director of Economics and Statistics with the Central Bank of Ireland.
The mobile operator Vodafone has been awarded ‘Best in test’ by the independent assessment company Umlaut. It was adjudged to be best for reliability and best for voice calls in Ireland. However, the tests were carried out on Samsung only devices. The report also comes as Vodafone’s 3G services are about to be shut down.
Joe spoke to Amanda Nelson the Chief Executive of Vodafone Ireland.
More people get their news from online sources than the traditional media such as linear TV or radio. That’s the assessment of the Digital News Report published by the new media regulator Coimisiún na Meán. The report also found that almost ¾ of people polled are very concerned about fake news or Disinformation.
Rónán Ó Domhnaill is Media Development Commissioner with Coimisiun na Mean and spoke to Joe about the report findings.
Ireland may have one of the younger populations in Europe but as a whole, we are living much longer and having fewer children. It means a smaller group of people will need to look after a larger group of older people in a few years time and we’ll need more nursing homes to cater for that market? My next guest has great plans to grow his business from 300 to 1000 nursing home beds in the next few years. He’s Tom Finn, Chief Executive of Brookhaven Healthcare Group.
Joe Lynam takes a look at the international business stories this morning along with the Director of Research at XTB.
Many dads might receive sweet gifts this Sunday, often imported. But why not choose a local treat?
Joe spoke with Tomás Póil, who runs a thriving business called Man of Aran Fudge on Inisheer, the smallest Aran Island.
With Father's Day approaching, we often think of cards, socks, and breakfast in bed. However, the significant role fathers play in passing on knowledge and businesses to their children is often overlooked, despite being a cornerstone of the Irish economy.
Joe spoke with David Fanagan, former boss and now Director of Fanagans Funeral Directors, about this enduring legacy.
Russ Mould from AJ Bell takes a look at today's business stories and websites with Newstalk's Business Editor Joe Lynam.
5 years ago, you would probably not have heard about Chinese car brands such as BYD or Geely. But now they are rapidly eating the lunches of European carmakers - especially for electric vehicles. After a probe was launched last October into suspected subsidies of Chinese cars on EU markets, the Commission has now decided to impose substantial tariffs on Chinese EVs. China will almost certainly retaliate and a trade war looms.
Olof Gill is a spokesperson on Trade for the EU commission
Co Longford is set to receive a significant investment of up to €100 million from leisure giant Center Parcs. The Ballymahon facility will see the addition of a new aqua park, 200 new lodges, and a treetop sauna, indicating strong demand for premium holidays in Ireland.
Joe spoke with Colin McKinlay, Chief Executive of Center Parcs, about this major development.
A look at today's business stories and websites with Newstalk's Business Editor Joe Lynam.
While geopolitical risks continue to be a concern, the Irish economy remains stable, with some earlier worries now easing. This is the assessment from the Central Bank of Ireland in its latest financial stability review.
Joe spoke with Deputy Governor Vaz Madouros to explore whether Ireland is experiencing a "goldilocks" phase in its economy.
This year has brought significant elections with unexpected impacts on international markets. Eurozone bond yields, including those for Ireland, surged following President Macron's surprise dissolution of the French parliament. In addition, shares in India fell post-election, and the peso plummeted after elections in Mexico.
Joe was joined by Michael O’Sullivan, co-founder of Unio Wealth Managers and author of "The Levelling," to discuss these geopolitical developments.
A look at today's business stories and websites with Newstalk's Business Editor Joe Lynam.
Last week, the European Central Bank reduced its official deposit rate for commercial banks from 4% to 3.75%, with indications that further cuts might be coming. However, major Irish banks have yet to lower their standard variable rates, and there is no requirement for them to do so. Additionally, those on fixed mortgages won't see any benefit from these lower rates. Joe was joined by Margaret Barrett from Mortgage Navigators to discuss the current state of the mortgage market.
Ireland has launched its inaugural Bio CNG refuelling station today in North County Dublin. This renewable energy source aims to reduce Ireland's overall emissions. However, it is a small part of a larger decarbonisation effort. Meanwhile, Ireland will still rely heavily on non-renewable gas for many years.
Joe was joined by John Rooney, Chief Executive of Flogas, to discuss this development.
A look at today's business stories and websites with Newstalk's Business Editor Joe Lynam.
Joe was joined by Niamh Counihan from Matheson to discuss the significance of Pro Bono Work Week, where barristers and solicitors across Ireland offer their expertise for free
Joe was joined by Garrett Bridgeman from An Post eCommerce to discuss how smaller businesses can capitalise on a 375% surge in online shopping, by preparing for this year's Christmas, now!
We were preparing for the new millennium and listening a lot to Robbie Williams and Westlife. It also saw the emergence in this country of the now famous German discounter Aldi. Famed for its lack of frills and selling goods still in their cardboard boxes, Aldi claims to have spent €10bn buying goods from Irish suppliers since then and paid €1.3bn in wages.
Joe caught up with Niall O’Connor the General Manager of Aldi Ireland.
Concrete accounts for 8% of global Co2 emissions and cement is one of the key ingredients in concrete. Meanwhile buildings & construction as a whole account for 2 fifths of nasty emissions. So if we want to get our overall emissions down, we need to look at better forms of concrete.
Well one company is launching a new greener concrete and it’s called Ecocem. Joining Joe this morning was Susan McGarry is the Director of Public Affairs and Sustainability at Ecocem.
A look at today's business stories and websites with Newstalk's Business Editor Joe Lynam.
It’s decision day for the European central bank and it’s more than the tea leaves which point to a Cut in interest rates. They stand at 4% at the moment up from zero 2 years ago. But what does it mean for consumers? They've seen soaring inflation and borrowing costs over the past 2 years. What should they do with their money? To discuss with Joe was Denis Eustace an Independent Financial Adviser with Progressive Financial services.
Despite a looming ban on the traditional engine types, sales of electric vehicles in Ireland were down a whopping 39% last month compared to last year and despite a rise in sales overall.
If EV sales continue to dip that will have a pronounced impact on second hand car sales prices and may even slow down the roll out of EV infrastructure. The Society of the Irish Motor Industry of SIMI has a new president. Jonathan Meade joined Joe this morning on the show.
As of Saturday just gone, anyone who is in a serious road accident will be automatically tested for drink and drugs for the first time. It’s in response to a surge in drug taking and collisions all over the country.
But with a quarter of all road accidents involving work related vehicles, what should bosses do if one of their staff is arrested for drug taking not just at the wheel? Moira Grassick is Chief Operating Officer with Peninsula which advises companies on HR issues.
Annual revenues at DAA which operates Dublin and Cork airports breached the €1bn mark last year. Not bad for a business which was essentially shut down in 2020 and much of 2021. But it still has a debt of €815m on the books. But the biggest headache of all is what to do about the passenger cap of 32 million at Dublin airport which will start seeing planned services cancelled from the autumn.
Joining Joe on the show this morning was Kenny Jacobs Chief Executive of DAA.
The company Avanade which has a decent presence here in Ireland, is now shifting its focus to copilot and how companies can radically save time and hopefully money, by using the AI solution.
Speaking to Joe this morning was Pamela Maynard the Chief Executive of Avanade .
A look at today's business stories and websites with Joe Lynam and Aidan Donnelly from Davy's.
Unemployment may be at record lows and Growth is at a sustainable pace but SMEs have been feeling the heat from a series of new costs on employment including higher minimum wages and holiday and sickness pay. The Government says it’s going to make things easier especially on the PRSI side of things but is it becoming too expensive to hire people in Ireland?
The Minister for Enterprise Trade and Employment, Peter Burke joined Joe this morning on the show.
There’s nearly an announcement every day about AI these days. Only on Tuesday Google was trumpeting what the economic benefits might be for this country once countless tasks become automated by AI. But what about the careers that will inevitably be lost?
The European Association for People Management says there should still be ‘decent work and good jobs’ as workplaces adopt more technology and artificial intelligence tools than ever. It says that the workplaces of the future should still have a high trust culture- embedding equality, diversity and inclusion.
Joining Joe this morning was the President of the EAPM Berna Oztinaz.
With voting in the EU and local elections starting in 12 days, many parties have claimed that Ireland is in a ‘cost of living crisis’. But are we? Unemployment is at record lows, real incomes which take account of inflation are up and the economy is growing robustly.
But prices soared in the shops and forecourts in 2022 and much of last year and they have not retreated back to where they were so people feel poorer. With neutral voice on the health of the Irish economy Conor O’Toole from the ESRI joined Joe on the show this morning.
Dawn Meats started off with 3 farming families in County Waterford in 1980. It now has 8,000 employees all over the world selling its meat products.
It can add the large and growing market of South Korea to that list after six years trying to get into the rapidly growing Asian market. But how has the business been affected by the perceived shift away from red meat products?
Speaking to Joe this morning was Paul Nolan, the Group Development Director with Dawn Meats.
Tonight is the annual Irish Sport Industry Awards which celebrate the value of Sport to the Irish economy, and excellence in the business of sport. It comes after the Europa League final was hosted in Dublin and attracted thousands of German and Italian fans and showcased Ireland as a venue for major events.
Mary O’Connor the CEO of the Federation of Irish Sport spoke to Joe ahead of the award night.
Newstalk's Business Editor Joe Lynam takes look at today's business stories and websites.
When you hear the name Jacobs many of us might think of the cream crackers but in fact they are specialist consultants which advise giant builders on how to design and construct big infrastructure projects such as the Dunkettle interchange or BusConnects.
Now Jacobs is hiring an additional 100 people as it makes Ireland its European HQ. Speaking to Joe this morning was Maurice Gillen is Director of Operations for Life Sciences for Jacobs Ireland, UK & Nordics.
eScooters are now legal on Irish roads for anyone over 16 despite years of not being policed. You can now book an eBike or eScooter using Freenow. It comes as Dublin faces a major shakeup in terms of traffic allowed into parts of the city from August and rumours that drivers were quitting the industry. Charlie Gleeson the General Manager of Freenow Ireland joined Joe this morning.
Newstalk’s Technology Correspondent, Jess Kelly joined Joe to discuss how it’s been a mixed bag week for one of the world’s biggest companies Microsoft.
A look at today's business stories and websites along with Joe Lynam and Kate English from Deloitte.
Whether it's Tayto, Caprisun, Coca Cola or Nestle, we’re all familiar with the brands but did you know who is responsible for distributing those household brands from boats to supermarket shelves? Well that’s down to Primeline which is one of the biggest logistics companies in Ireland. Joining Joe this morning to chat about the business was Tim Cummins is Chief Executive with Primeline.
If you've ever tried to book a table in a popular restaurant at the last minute recently, you’ll know not to expect to get a place and ergo that the consumer is in rude health in Ireland. Two years after interest rates started rising and barely a year after inflation reached almost double digits.
But sentiment fell for the 4th month in a row according to the Credit Union survey. So what’s going on? The economist Austin Hughes compiles the CU consumer sentiment survey spoke to Joe this morning.
Americans go to the polls in 5 ½ months and surveys suggest that Donald Trump will return to the White House. What will that mean for this country which is so dependent on US foreign direct investment?
One man who knows US politics very well on the Democratic side is former Congressman for NY, Joe Crowley. He’s over here for the Global Economic Summit in Killarney and took time out to talk to Joe this morning.
What do you know about Quantum number generation? Well as you know it’s a clever way to prevent cyber-attacks by using advanced computing to create random numbers which cyber criminals cannot easily guess.
Now a Spanish company called Quside is working with Equinix data centres to provide these security services in Ireland. Joining Joe this morning was Carlos Abellan is the chief executive of Quside.
The Global economic summit begins this week in Killarney with some very big names in attendance including Hilary Clinton, Prince Albert of Monaco and Mary Robinson. They’ll be doubtless tackling the big geopolitical themes and what they mean for companies and Governments. The event is Invite-only but we’ve got someone who is invited. He’s Brendan McKenna and he’s Emerging Markets Economist and FX Strategist at Wells
Few non Irish companies have invested more in this country than Intel. Only last October it opened its latest and most modern fabrication unit in Leixlip at a total cost of $17bn. Only last week it emerged that Intel was looking to invest a further $11bn here. Now it wants to help the rest of us to give back to our communities by matching voluntary work by paying $10 for every hour donated by volunteers at sports clubs and civil society associations to a total of $1.4m
Joining Joe in studio was Sarah Sexton is the Director of Public Affairs at Intel Ireland.
Ryanair has just published its full year results for the Financial year and post tax profit was up 34% at €1.92billion. It flew 184m people over the past year - giving it a load factor was also up to 94% but it admitted that soaring fuel bills caused issues
Joining Pat on the show this morning was Neil Sorohan the Chief Financial Officer with Ryanair.
The meltdown in governance at RTE last year underlined for many the importance of having the right people in State boards. People who are unafraid to speak truth to power.
Unfortunately, the reports from Mazars about RTE may deter qualified and talented people from working in the public sector. All these issues are underlined today in a book from the Institute of Directors in Ireland and speaking to Joe was Caroline Spillane is the DG of the IOD.
If the weather is continuously good over the coming months, we will no doubt be asked to conserve water. Although Ireland is the only country in the European Union which doesn’t charge for its water, it still has a huge investment program to undertake as well as preserving water resources.
Uisce Eireann, is organising a stewardship accelerator program to encourage companies to come up with clever ideas. With more on this Joe was joined on the show this morning by Geoffrey Bourke Head of Customer Operations with Uisce Eireann
2024 has probably been the worst year for Boeing‘s reputation since the company was founded almost 80 years ago. A door blew out mid-air in January and only this week it emerged that safety inspectors at the planemaker didn’t carry out their work on the new 787 Dreamliner aircraft.
On top of that the BBC has spoken to whistleblowers outlining corners being cut at companies which supplied Boeing. And the business correspondent who has been across this story for months is the BBC’s Theo Leggett. Theo spoke to Joe this morning on the show.
Anyone who has ever painted anything or played a musical instrument or even dreamed of being a designer, will probably have noticed Apple’s much vaunted new advert for its new very expensive iPad. Dozens of items in the creative process are physically crushed and destroyed revealing the new thinnest ever iPad in its wake. The backlash was quick and stinging from many quarters from people who demanded that Apple withdraw the advert.
Someone who has seen plenty of adverts which metaphorically crush the opposition is our Technology Correspondent Jess Kelly who joined Joe this morning.
Aidan Donnelly from Davys joined Joe this morning to run through the main business stories this morning.
The amount of money laundered around the world is an estimated $3.6 trillion or nearly 4% of global GDP. Only 1% of that ever gets recovered. It’s hard to fathom that so much money can be ‘cleansed’ from illicit origins and yet so little ends up in the hands of taxpayers. So what can we do to curb money laundering that’s not already being done.
Ireland lost out to Frankfurt in March to be the home of the EU Anti Money Laundering Agency but we do have plenty of experts in this field. Speaking to Joe this morning was David Lewis is the Managing Director and Global Head of Anti-Money Laundering with Kroll & Co.
Vertigo is usually associated with a fear of heights but it’s a lot more than that and can affect 1 in 20 in older people. Treating it is complicated but an Irish startup is working on a device to help with that. It’s called Vertigenius and today joining Joe was Mark Barry is the Chief Executive who has just secured €2.1m to expand R&D.
Ireland’s largest chain of pharmacies, Lloyds with 80 shops, has just merged with McCabe's to make it a formidable group with 112 stores. The entire group is now owned by a company called PHX which is a wholesale as well as retail business throughout Europe.
Paul Reilly from PHX Ireland which now includes McCabe's pharmacies joined Joe this morning in studio.
Public sector employees earn a gross salary of up to 6.6% less than their private sector equivalents. But if you include smaller companies, that pay disadvantage all but disappears. Then of course there are the huge perks enjoyed by civil servants such as very generous pensions and the fact that they are virtually unfireable. So do public sector workers earn more or less than those working for private companies on the whole.
Dr Emma Howard from TU Dublin discussed this further with Joe.
As of the end of last month, the UK customs authorities have been inspecting all foods that enter the country from the EU. But now there’s a €145 inspection charge per consignment even though it’s not exactly clear what constitutes a consignment.
The good news for Irish food exporters is that these rules do not YET apply to us as members of the Common Travel Area. But they will and it could be messy. To discuss further Joe spoke to Carol Lynch is a partner in charge of customs & Trade at with the consultants BDO.
There were just over 9,000 burglaries in Ireland last year. That was roughly half the number before lockdowns in 2019. So does that mean we need less alarms?
One business which certainly doesn't think so is Action24 which is competing in an ever-congested space of monitoring homes using technology and a call out service. Unlike Phonewatch which is owned by a Norwegian company, Action24 says it’s the only full Irish service.
Speaking to Joe this morning was Aaron Mooney, is the chief executive of Action24.
The good news is that the most important part of the Irish economy the services sector is still growing. But it's the slowest pace of growth so far this year. Financial services were the best performing sub sectors and technology and media the weakest and yet they all had some sort of growth. To discuss this and the wider economy was David McNamara is the Chief Economist with AIB.
Ireland has set itself a target of 70% of its energy mix coming from renewable energy sources. Currently wind, wave and solar energy accounts for a modest 37%.The next stages in offshore wind energy are in the Irish planning swamp where there is a shortage of skilled experts to adjudicate but plenty of NIMBYs prepared to hold it up.
Speaking to Joe this morning was TJ Hunter, Senior Director for Development and Operations at Ørsted UK & Ireland which is one of the biggest developer of offshore wind farms in the world.
The International Energy Agency said that 17% of Ireland's total energy usage was accounted for by data centres in 2022. That number may well be higher now. But data centres could well be considered as important to this economy as Ardnacrusha was to electrify Ireland a decade ago or even water treatment facilities are today.
There’s no doubt that data centres are the backbone of the internet. But do we appreciate that? Joe discussed this with Garry Connolly, Founder of Host in Ireland.
The Employment Permits Bill was set to change what kind of workers outside the EU and UK could get permission to live and work here. It covers seasonal employment and whether spouses could also come live here. But the Minister steering the Bill through the Oireachtas Neale Richmond has moved to the Department of Finance and immigration has also suddenly become a very hot political and geopolitical issue for Ireland.
To discuss further Joe was joined on the show by Claire Cumiskey, Director of Fragomen which is a consultancy on immigration issues.
A look at today's business stories and websites with Newstalk's Business Editor Joe Lynam.
Bord na Móna used to be the cause of some of the biggest carbon pollutants in Ireland by burning Peat and briquettes from Boglands. It has done a full U-turn on its business and now aims to be very green. One of the ways that it is doing this is by establishing wind farms on its lands mostly in the Midlands and as part of that it has opened the first Eco-energy park, in Co Offaly.
Its first big customer is none other than the biggest cloud computing business in the world Amazon web services.We hear all about their plans with John Reilly the head of renewable energy at Bord na Mona.
Advertising is the backbone of the world of radio, television and online. Without it, most of the stuff that we enjoy for free wouldn’t be possible without some sort of subscription. But does advertising work in the way hoped for by companies?
There’s a new major survey underway called the Good Life 2030 Ireland. The survey seems to suggest that 77% of people expect advertising to improve lifestyles but 45% think that we’d all be better off without it.
To take a look at the findings with Joe was Laura Costello from Think House who is carrying out the survey.
There is a growing body of people who think that flying is seriously bad for the environment and should be curtailed. There is talk about a tax on aviation fuel and even some sort of levy on frequent flyers. But would that work? Would it stifle economic activity and perhaps not even help the environment as planned?
Speaking to Joe this morning was Cathal Foley, is the chief executive of PACE part of the Fexco group down in Killorglin. PACE stands for Platform for Analyzing Carbon Emissions.
It’s hard to believe Samsung was only founded 54 years ago in what was then a relatively underdeveloped South Korea. It now employs more than a quarter of a million people and is a by-word for affordable quality. Samsung has just launched a new suite of products at EuroCucina trade Fair and we find out a bit more about the company by speaking to Tanya Weller, Marketing Director for Home Appliances at Samsung Electronics.
When it comes to energy, the direction of travel is clear fossil fuels are bad while renewables are good. But getting us to use more electricity will be a long, messy and expensive business. There will be lots of stakeholders including government, landowners, lawyers, experts and a few NIMBYs.
So a new body has been formed which includes the likes of the ESB, Bord na Mona and SSE Airtricity.
It’s called Ireland Electrified and it will be chaired by EM3 chief technology officer Donall O'Brien who joined Joe on the show this morning.
The Global Economic Summit is taking place next month in Co Kerry and there will be quite a few celebs attending including Hilary Clinton, Prince Albert of Monaco and Mary Robinson.
But one person who will be there is Hilary O'Meara, Country Managing Director for Accenture in Ireland. She’s in charge of more than 6,000 people here on the consulting side which has also proven to be the backbone for the big technology giants based here. Hilary joined Joe on the show this morning.
A look at today's business stories and websites with Joe Lynam and Kathleen Brooks from XTB.
The tax man collected a record €128bn last year buoyed by very robust income tax and continued strong corporation tax. Even more heartening for the government who will spend this money on our behalf, the revenue commissioners say compliance is up to 98%.
But there have been complaints about the new real time reporting for companies which places a huge red tape burden on smaller businesses. Joining Joe in studio this morning was Niall Cody the Chair of the Revenue Commissioners.
Revolut is less than 10 years old but has already hit the landmark of hiring more than 10,000 people. As the company continues to grow its workforce, Newstalk's Technology Correspondent, Jess Kelly takes a closer look at the origins of the FinTech startup and how it went from strength to strength.
With the new Taoiseach came of course a minimum reshuffle and the junior minister in charge of financial services Jennifer Carroll MacNeil was moved on to the European brief. In her place came Neale Richmond now Minister of State at the Department of Finance with special responsibility for Financial Services, Credit Unions and Insurance and this morning he joined Joe on the show to tell us what he hopes to do in this vitally important sector of the economy.
Dell has been in Ireland for almost 40 years. They continue to have a huge presence here in Dublin, Cork, Belfast and Limerick- focusing a lot more on cloud computing than making PC desktops. They also have been looking into whether their clients are ready for AI and the sweeping changes that will come with it.
Catherine Doyle Managing Director for Dell Technologies Ireland joined Joe on the show this morning.
It was Earth Day this week, so many companies may be trumpeting their ESG credentials. But does sustainability bleed through your business when it comes to Governance, Risk, Compliance and Audit? New EU disclosure rules mean it should be and soon. But what does that entail?
Speaking to Joe this morning was Brian Stafford, President and Chief Executive with Diligent the American Saas company with a large presence in Galway.
We all try to do our bit for the environment whether it’s with recycling or installing double glazing. But is sustainability your number one thought when you buy a car or even a house? A study from the banking lobby group the BPFI suggests that’s the case for only 32% car buyers way behind worries about price and reliability. In fact the BER energy rating has dropped to only 40% in terms of importance. So does this mean it’s more about the Greenback than being green?
Joining Joe on the show this morning was Louise O’Mahony, Head of Sustainable Banking, BPFI.
Newstalk's Business Editor Joe Lynam takes a look at this morning's business papers and websites.
Wind turbines are the nodding donkeys or oil rigs of the present and the future. But they’re big very big typically the blades are 52m long but can be the length of a football pitch. It means getting them ashore is a big undertaking and requires major changes at our ports.
That’s what’s happening in Rosslare as Iarnrod Eireann has signed an MOU to develop the facilities to handle these turbines with Source Galileo. Kevin Lynch is the Chief Executive of Source Galileo and he joined Joe on the show.
Newbridge silverware started making cutlery 90 years ago in Co Kildare. Now it makes jewellery and lots of other gifts and is frequently given to newly married or engaged couples. But competition and lower prices from all over the world have been testing the company’s resilience.
Joe spoke to Ronan Mackey from Newbridge Silverware.
A look at today's business stories and websites with Newstalk Business Editor Joe Lynam.
National Broadband Ireland has been charged by the government to reach all homes in Ireland even the most remote with high speed internet by 2028. The latest report from NBI says it’s on target and that 240,000 people are ready to connect a service with at least 500 Megabits per second. But is it future proofed and what difference will it make for Ireland’s increasing economic dependence on high speed web services?
Peter Hendrick CEO National Broadband Ireland joined Joe on the show this morning.
Trinny Woodall and her entourage swept into town at the end of last week ostensibly to launch her skincare range Trinny London in Ireland. Hundreds turned out to see the former presenter of What Not to Wear in Brown Thomas and Arnotts. She’s a branding and social media phenomenon who is also quite a successful businesswoman.
Trinny joined Joe in the studio to chat about her business journey.
The international business stories this morning with Joe Lynam and Ross Mould from AJ Bell.
We are all familiar with Irish cream liqueurs made famous worldwide by Baileys of course. But there are other derivatives of that drink including an Irish chocolate whiskey liqueur. One of them is called Coole Swan and it’s just been ranked the ‘Number one Irish Cream Liqueur’ by the influential US journal Tasting Table.
Joining Joe this morning on the show was Mary Sadlier the Chief Executive of Coole Swan Liqueurs in Co Meath.
Behind every giant financial transaction by well known banks, there are a slew of less well known companies which specialise in clearing funds or minding securities such as stocks or bonds on behalf of their clients. Clearstream is one of them.
It settles translations all over the world and is the plumbing of the financial system. Based in Luxembourg, Clearstream has almost 700 people working in Cork and Philip Brown is the CEO Clearstream Banking.
When cruise ships land at a port in Ireland, on average each passenger spends €81 at that destination and each crew member €29. That adds up when you have thousands of passengers and hundreds of crew members. And now Cruise Ireland which represents the sector has signed a memorandum of understanding with Cruise Britain in the hope of boosting business.
Conor Mowlds - Chair of Cruise Ireland spoke to Joe this morning.
It’s been going for 27 years and previous winners have included Denis O’Brien and the Collison brothers. And this year’s finalists for the EY Entrepreneur of the Year award have been announced and it’s a disparate bunch as usual including a solar panels company, a well known food maker and a business which captures Carbon.
Roger Wallace, partner at EY responsible for the EOY finalists joined Joe on the show this morning.
They've been making concrete and roads for 60 years in Co Louth, now Kilsaran is moving with the times by promising to use EVs only to move their heavy products around despite these trucks costing twice as much. That’ll be no mean feat given the problems that order electric cars experience when it comes to charging points and range anxiety
Ken Mulkerrins, Group Head of Innovation at Kilsaran Concrete joined Joe this morning.
When you order something online from IKEA- the vast majority of it gets shipped from somewhere else be that Britain or Sweden. That should change from today when IKEA opens up its 27,000 m2 warehouse in Rathcoole on the Kildare Dublin border. It will house 9,000 different product lines and enable quicker shipping.
Speaking to Joe this morning was Marsha Smith, Country Deputy Retail Manager for IKEA Ireland.
A look at today's business stories and websites with Newstalk's Business Editor Joe Lynam.
The RAI’s report shows that 212 restaurants, cafés and other food-led businesses have shut their doors for good so far in 2024, meaning a total loss of up to €288 million to the economy and State already this year.
Gina Murphy, Owner of the restaurant Hugo gave Shane her reaction to these report findings.
Telefónica Tec has been announced as the successful vendor for the tender to provide numerous infrastructure technology solutions to Children’s Health Ireland
Speaking to Shane this morning was Ellen Dickson, Vice President of Enterprise Health Practice with Telefónica Tech.
Construction activity moved into positive territory for the first time in almost a year last month. According to the BNP Paribas Real Estate Ireland Construction Index residential building is driving the market upwards but input costs such as steel and concrete are also rising rapidly.
John McCartney is director of research at BNP Paribas real estate discussed these findings with Shane Beatty this morning on the show.
The great and the good in European transport planning convene in Dublin this week for the TRA 2024 conference. Whether it’s bikes, scooters, cars, trams or trains, how people move about is central to the efficiency of any economy - and heaven knows that Ireland lags many of its EU neighbour when it comes to public transport.
Speaking to Shane ahead of the conference was Dr Albert Daly is the Director of TRA2024 and also the head of Transport Infrastructure Ireland, where his focus is on Research and Standards.
A look at the international business stories this morning with Shane Beatty and Ross Mould from AJ Bell.
Despite some reports suggesting that perks, company values and maybe even remote working matter the most to employees, a survey by Adare HRM suggests that good old-fashioned money is still the main factor for workers moving jobs. Thankfully it found that employers intend to raise wages this year. It also found that absenteeism is up and that the vast majority of firms experience some sort of workplace conflict. Sarah Fagan is the managing Director of Adare Human Resource Management and joins Joe in studio to break things down.
While the world is consumed by conversations relating to artificial intelligence – some forward-thinking businesses are embracing VR. As the tech innovation continues, what does the workplace of the future look like? Newstalk’s Technology Correspondent, Jess Kelly joins Joe to explain.
A look at Thursday's business stories and websites with Newstalk's Business Editor Joe Lynam and Michael O’Sullivan, co-founder of UNIO Wealth Management.
Anyone who has bought or sold a house in this country will know that it can be a time-consuming, messy and sometimes expensive process. At the moment only solicitors can handle conveyancing. And now there is a major new report out from the legal services regulatory authority which aims at boosting price transparency among solicitors and moving towards full digitalisation of conveyancing. But the report stops short of recommending a distinct and separate profession of conveyancing – which is the case already in the UK.
Joe speaks with Brian Doherty is the chief executive of the LSRA
An IPO - or Initial Public offering is when private companies go public and float on the stock markets. Last year the value of IPOs worldwide went up but the number of companies doing so went down. It comes as 2 prominent IPOs in the past fortnight - Trump media and Reddit have fallen dramatically since their debut. Regionally the Americas continue to lead the way while Asia has weakened.
Joe speaks to Fergal McAleavey, EY Ireland Corporate Finance Partner on the matter.
A look at Thursday's business stories and websites with Newstalk's Business Editor Joe Lynam.
The annual salary guide from the recruitment company Cpl is out. Among the findings is that Cork is 22% cheaper than Dublin and that a typical banker can expect to earn €30,000 a year while a restaurant manager can expect €50,000. Newly qualified solicitors can expect €75,000.
The report also looked into attitudes to remote working and the in-demand qualifications. WIth more details on the findings Joe spoke to Barry Winkless, Chief Strategy Officer at Cpl Group.
When you buy a house in this country, you may pay stamp duty but you don’t pay any commission, but in the US, the buyer and the seller both have to pay a commission of around 6% of the sale price. Also we call them estate agents, but they are called “realtors“ in the states, and that name is patent-protected in an oligopolistic way.
There’s been a recent court ruling which could upend the property market in the United States and save buyers and sellers a lot of money. For more on this Joe spoke to property technology expert and founder of the company, OFFR.io, Robert Hoban.
A look at Wednesday's business stories and websites with Newstalk's Business Editor Joe Lynam.
We know about the technology sector and the creative sector but there is now something called the Creative Technology sector. These are the startups and scaleups who create the games and visual effects that we’ll all be seeing or playing with in the near future. And the first Incubation hub for creative tech was opened in Galway at the weekend at the Atlantic Technological University campus beside the G Hotel.
Niamh Costello is the Founding director of Galway City Innovation District and told Joe all about the new venture.
Cathal Friel a serial entrepreneur having started hVIVO and Poolbeg pharma. His latest venture European Green Transition floated on the AIM stock market in London yesterday and values the company at around €17m.
EGT hopes to find rare Earth metals which can be used to transition away from fossil fuels. Cathal joined Joe in studio this morning to chat about his latest venture.
Newstalk's Business Editor Joe Lynam takes a look at the main business stories in todays newspapers and websites.
At 10,800, the capacity of the SSE Arena in Belfast is just behind Dublin’s 3 Arena which can hold 13,000. Last Year the SSE welcomed 800,000 people for concerts, exhibitions and ice hockey matches which shows its versatility.
Now the SSE is introducing the ‘Just walk Out’ technology from amazon which speeds up shopping within the complex.
Claire Cosgrave Associate Director with the SSE Arena joined Joe on the show this morning.
You may have noticed a new brand on the shelves water in a can called Liquid Death. Apart from an arresting name, the company behind it is now valued at $1.4bn. It’s very popular with younger consumers with 8 media followers on social media .The brand uses comedy and coolness to combat climate change and thirst.
Speaking to Joe this morning was Oli Russell-Cowan -Liquid Death’s Director of Cult Indoctrination Europe.
Joe Lynam takes a look at the international business stories this morning with Kathleen Brooks from XTB.
We’ve spoken before about the impact of higher costs of employment since January, especially in the hospitality sector. They include a higher minimum wage, holiday and sickness pay, as well as other ancillary costs. But what do these extra costs mean for family run businesses?
Speaking to Joe this morning was the Director General of the family business Network, John McGrane who is also the boss of the British Irish Chamber of Commerce.
A recent OECD report said that Ireland had a fair bit of catching up to do when it comes to readiness for artificial intelligence. It’s clear that AI is here to stay, but what should companies consider and are they perhaps putting their head in the sand?
Joining Joe on the show this morning was Shane O’Sullivan from the Irish Management Institute is running a course on AI to help managers get ready.
Two days ago we were telling you about Ireland’s manufacturing sector being in a slump. Today though we can report that the services sector is enjoying a minimum Boom. According to the AIB services PMI survey, output in the country’s most important sector is at a 8 month high with employment in services which includes technology as well as hospitality expanding - even amid an economy at full employment.
David McNamara is the Chief Economist with AIB and discussed the results of the survey with Joe.
A look at today's business stories and websites with Newstalk's Business Editor Joe Lynam.
When Irish Life was formed 85 years ago Ireland was a very different place. A poor agrarian recently independent nation with low living standards and life expectancy. Now it’s one of the wealthier places in Europe with much higher wages and standards.
Irish Life has changed too from being part of Permanent TSB to being part of the Canadian business Great West Lifeco. It’s still the biggest life assurance player in Ireland but also increasingly in healthcare and one of the biggest investors in Europe. The person in charge is chief executive Declan Bolger who joined Joe in the studio this morning.
The good news is that inflation is now below the target rate for the Central Bank of Ireland of 2%. The bad news is of course that the higher prices are here to stay and we have to get used to forking out more for our weekly shop. For example, shoppers in Ireland spent €9.3 million more on Easter eggs this year than last according to the latest data from Kantar.
The sales of hot cross buns increased 28% year-on-year with shoppers spending €1.1 million on these traditional Easter treats. Speaking to Joe this morning was Emer Healy, business development director at Kantar.
The great and the good in the world of Recruitment, gather in Dublin this week for the TalentCon conference. They meet at a time of full employment in Ireland, where employees hold the whip hand over their employers. But of course that won’t be the case forever, and someone whose job it is to “see around corners', says employers and employees need to prepare for the next technological wave and how it will affect hiring and retaining staff.
His name is John Healy and he is the Vice President of the World Employment Confederation and he spoke to Joe this morning on the show.
Usually when we look at commodity prices on this program, we speak about oil due to its importance to the global economy. We’ve even been speaking about Cocoa prices and the soaring value of chocolate as a result this year. But another hugely important commodity which has risen by 9% so far this year is Gold. Traditionally seen as a store of value, but could it also be something to consider for Investors?
Speaking to Joe this morning was Mark O’Byrne the Chief Executive of Tara coins, which has just minted the first Irish gold and silver bullion coins.
There is still a lot of physical paperwork in Irish healthcare especially compared to our continental cousins. But the direction of travel is clear: fully digital administration as well as the processing of patient records. One Irish company is making strides in this space but alas not yet here in Ireland. It’s called Wellola and was set up by the physiotherapist Sonia Neary. It has been rapidly raising funds from the investment group Elkstone and Enterprise Ireland.
Sonia Neary joined Joe this morning on the show.
We've heard plenty about the likes of Chat GPT and Google’s Gemini, but is it time we all embraced AI in our day-to-day work lives?
Newstalk’s Technology Correspondent, Jess Kelly reports.
Dublin Express runs services from the airport through the port tunnel to the city centre. It also runs buses from Belfast to the airport and now will be travelling deep into Dublin’s southside with services to Terenure. But its buses still use petrol and diesel engines.
To discuss all Joe spoke to Rory Fitzgerald General Manager of Dublin Express.
It’s owned by PDD holdings but its best-known brand is TEMU - which you could describe as an online flea market but it's worth $150bn. It’s huge in China where it's from and now it's heading our way. It’s already established its European HQ in Ireland. But like many Chinese companies its ownership and control is secretive and now the Irish watchdog the Coimisiun na Meán is looking at TEMU as well.
Dan McCrum from the Financial Times has taken a deep dive into TEMU.
Gone are the days when we worried about unemployment and having any economic growth. The economy will continue to grow and the labour market will remain tight according to the Spring forecast of the ESRI. The so-called ‘critical issues these days concern public services, infrastructure and capacity constraints which are a fancy way of saying bottlenecks.
Speaking to Joe this morning to discuss with findings was Dr Conor O'Toole is an Associate Research Professor at the Economic and Social Research Institute.
State Street is the 12th largest bank in America with a significant presence here in Ireland. In fact it’s beefing up its facility in Kilkenny where it already employs 650 people. State Street is the largest fund administrator in Ireland with $1.8bn in assets managed here.
Speaking to Joe this morning was Terri Dempsey the new Country Head for State Street Bank in Ireland.
Although the surge in inflation and energy costs has abated, consumers are still not firing on all cylinders. According to the latest Credit Union, consumer sentiment nudged downwards slightly for this month to a reading of 69 points. That’s still considerably better than the 53 points exactly a year ago. In terms of specifics, consumers appear to have splashed out on home improvements. 15% of home improvements was funded by a credit union loan, 7% through bank loan and 4% through other borrowings
To discuss these findings further Joe spoke to Austin Hughes Editor of the Credit union consumer sentiment survey.
Whether on TV or online you've probably seen the latest glitzy advert from Eir called 'Eir For All'. It stresses that the telecoms giant is there in every county and for everyone. Certainly Eir is ubiquitous and Ireland’s average broadband speeds are now above rather than below the average for European households. But the consumer watchdog recently said that Eir was the number complained-about company in the country. So work still to do.
To discuss all Joe spoke to Susan Brady, Managing Director of Consumer and Small Business in Eir.
Publishing the gender pay gap by Irish companies is now obligatory and sometimes highlights great individual discrepancies. But we don't get an aggregate picture of the difference in what men earn and their female equivalent. Now PwC has looked at the gender gap for 500 Irish firms and it shows an average pay gap of 11.2% - down from 12.6% the previous year.
Speaking to Joe with more on this was Doone O’Doherty, PwC Ireland People Leader and Workforce Tax Partner.
Russ Mould from AJ Bell brings us the big international business stories with Joe this morning.
Glenisk is the largest yoghurt maker in the State and says it accounts for 90% of all the organic milk produced in the Republic and Northern Ireland. Its factory in Killeigh, outside Tullamore was devastated in a huge fire in 2021 which almost ended the business but it bounced back and is now Glenisk is once again the largest yoghurt maker in the State and the Winner of the Guaranteed Irish Business of the Year as of 11pm last night.
Speaking to Joe after the big win was Vincent Cleary is the chief executive of Glenisk.
Hundreds of millions of Europeans go to the polls to elect a new European parliament in June. Many will be influenced by what they read on social media. But much of it is deliberately designed to enrage you and push you to extreme positions as well as keep you on the site.
That’s certainly the view of Tanya O'Carroll, the Activist and senior fellow at the NGO Foxglove who sued Meta over its refusal to stop processing her data for direct marketing purposes. Tanya spoke to Joe this morning.
In a world economy which is decarbonising, how do you define a ‘green’ job these days? Is it the software engineer who designs ways for others to cut CO2 or is it the builder who installs solar panels or is it perhaps the farmer who slashes methane emissions?
The Nevin Economic Research Institute has published a key report into this and one of its economists who wrote it is Paul Goldrick Kelly who joined Joe this morning on the show.
He was the youngest ever Taoiseach when he assumed power in 2017 but now Leo Varadkar is stepping down after 7 eventful years in office. In that time there have been many tests on the Irish economy including a hard Brexit, a complete shutdown of the country due to Covid and the energy price and inflation shocks from 2022.
So what will Leo Varadkar’s economic legacy be? We ask Danny McCoy the Chief Executive of the employer's group IBEC.
A look at today's business stories and websites with Newstalk's Business Editor Joe Lynam.
None of us enjoy renewing our broadband or car or home insurance or even changing our banks, but in order to get the best value, it’s always a rewarding process. Now the online aggregator billWinner.com has a new table that it uses to tell you which is the best option for you When it comes to switching your providers. It does involve you giving up a certain amount of your personal information though.
Joining Joe on the show was Fiachra O’Comhraí is the Chief Executive of Bill Winner.
Recently we spoke about Fintech and new financial technology. But there are also new businesses focusing exclusively on sports technology or sports tech and there’s a big conference about that called One Zero this week in Dublin.
Tracey Deforge is the Chief Executive and Founder of The Player’s Impact (TPI), which represents the global community of active and retired professional athletes, artists and investors.
After nearly 2 years of rapidly rising interest rates, they look set to start falling in the second half of this year. But what will it mean for investment trends across Europe and Ireland? Also are we getting any closer to American style venture capitalism where wealthy groups take gambles on startups? Joining to discuss the investment environment is Eimear Walsh is Mercer’s Head of Investments Europe
When it comes to money, regulators don't like it when banks and financial services providers use consumers as guinea pigs to test new products. That’s why the Central bank of Ireland is creating a new ‘Innovation Sandbox’ so that companies can test out new ideas for services in a controlled environment and under the supervision of the watchdog. The idea is to attract more fintechs to Ireland as well as providing more innovative options to customers.
With more on this Joe spoke to Patricia Callan the Chief Executive of Financial Services Ireland.
It’s the denouement of the rugby 6 nations Tournament tomorrow. Ireland is in pole position to retain the trophy despite our slip up against England last weekend. The actual trophy that will be presented is relatively new and made by the company Thomas Lyte which also makes the FA Cup and premier League trophies as well as a host of awards for the world’s biggest sports.
Joe spoke to the Chief Executive of Thomas Lyte and began by asking him how he had won the contract for the 6 nations trophy.
We're spending an increasing amount of time in front of screens and connected devices but are we working as efficiently as we could be? Newstalk's Technology Correspondent Jess Kelly tell us the five free ways to increase your productivity and ensure the technology at your fingertips works harder for you.
There was a 56% surge in crimes on businesses during the St Patrick’s Day festival last year. That’s according to the security business Netwatch which installs CCTV and other security equipment in premises – especially for retail and hospitality firms.
Joining Joe to discuss how companies can protect themselves better against criminality, is the Head of Sales with Netwatch, Keith Martin
Founded in North Carolina in 1937, Krispy Kreme now has more than 1400 outlets worldwide - including 15 here in Ireland. The fast food empire is launching a special St Patrick's day series of Irish themed donuts this week. But with Ireland having the 2nd highest levels of obesity in Europe. Are Krispy Kremes what we need more or less of?
We speak to Jamie Dunning the Chief Executive of Krispy Kreme UK and Ireland.
Ireland has a new mortgage provider. It’s the Limerick based broker SYS mortgages, and they promised to access the most competitive rates for would be home buyers. But is that possible in an era of higher interest rates?
Tony Delaney, Chief Executive of SYS mortgages in Limerick joined Joe on the show this morning.
Nearly half of the chief executives of Irish listed companies are under the age of 45. That’s almost double the average for the 27 other nations in which the head-hunters, Heidrick & Struggles carried out their survey. So does this mean that we start earlier, or are we Quick learners or is it just because the market is so small here?
To discuss that, and the secretive world of headhunting Joe was joined by Stafford Bagot the Chief Executive of Heidrick & Struggles Ireland.
The emissions associated with heating, cooling and lighting our buildings amounts to 24% of all emissions and is a major cause of climate change. And so to combat this, the EU’s Energy performance Buildings Directive is on its way and could have a major impact on how we buy and sell property.
There’s a major vote on this in Strasbourg in the European parliament this week and the key MEP for these new rules is our own Ciaran Cuffe MEP who joined Joe on the show this morning.
Inflation pressure will come from domestic pressures and not from global factors according to the latest Quarterly economic bulletin from the Central Bank of Ireland. It also said that modified domestic demand, which is a better measure of Irish economic wealth, will grow by a more sustainable 2% on average over the coming years. And wages are set to grow in real terms over the next 2 years.
Speaking to Joe was Robert Kelly is the Director of Economics and Statistics.
No one likes paying tax but there are ways of limiting how much you have to pay ways that many PAYE workers might not be aware of.
Speaking to Joe this morning was Nick Charalambous, Financial Advisor and Managing Director of Alpha Wealth.
We’ve spoken before on this show about the impact of the slew of new costs on restaurants such as holiday and sickness pay as well as higher minimum wages.
But the same rules also apply of course to hotels some of whom are struggling. They also come as many hotel beds are no longer available to tourists and visitors because they are being used by the State to house asylum seekers and Ukrainian refugees.
Michael Magner, President of the Irish Hotels Federation gave his reaction to Joe this morning.
A look at the international business stories this morning with Joe Lynam and Russ Mould from AJ Bell.
On International Women's Day Joe was joined by a panel of Women in business. Joining Joe in studio was Shirley Coulter- chief executive of Society of Chartered Surveyors in Ireland, Alice Mansergh, the Chief Executive of Tourism Ireland and Deirdre O'Neill Compass Ireland Managing Director.
A look at the international business stories this morning with Joe Lynam and Kate English a Director with Deloitte.
€100 million was invested by venture capital firms in Irish women founders in 2023. That’s according to new research from Enterprise Ireland and Pitchbook published this morning. We speak to Jenny Melia, Executive Director of Enterprise Ireland.
Skoda Ireland and Certa have today launched a new joint campaign aimed at encouraging owners and would-be buyers of new diesel cars to use HVO biofuel to lower their motoring carbon emissions by up to 90%.
Speaking to Jonathan this morning to explain more about their campaign was John Donegan is Brand Director at Škoda Ireland.
Small hospitality businesses in Ireland could see costs rise by up to 19 per cent over the next two years ahead of forthcoming increases to the living wage, a government report into recent legislative changes has concluded.
To discuss further Jonathan spoke to Lorraine Sweeney, Hotelier.
Zero Day Con Dublin 2024 kicks off at The Convention centre today. To hear more about what will take place at the convention was Ken Sheehan, Operations Manager at Smarttech247.
This March, Guaranteed Irish, the not-for-profit membership organisation celebrates 50 years supporting businesses in Ireland. To mark this occasion, they have published a new report and have launched a number of new and exciting initiatives..
To tell us more, we spoke to Guaranteed Irish CEO, Brid O'Connell.
Stark differences in women’s and men’s approaches to work/life balance and finances, has been revealed in PTSB’s new ‘Reflecting Ireland’ research.
Leontia Fannin, Head of corporate affairs and communications at PTSB explained the findings to Newstalk Breakfast this morning.
OOHPod, a leading innovator in smart locker services has just announced the appointment of former C&D Foods CEO Philip Reynolds as its new Chairman.
OOHPod CEO, John Tuohy joined Emmet this morning on the show.
Small and medium sized companies in Ireland and the UK plan on investing €500 thousand each per annum over the next three years on digital transformation.
That’s according to PwC’s latest Digital Procurement Survey canvassing views of around 1,000 procurement and business leaders in nearly 60 countries.
Speaking to Emmet this morning was Mark McKeever Procurement and Supply Chain Director, PwC Ireland.
Cork-based Velo Coffee Roasters is the first coffee roastery in Ireland to obtain the prestigious B Corp Certification, marking a significant milestone in the company's commitment to social and environmental responsibility.
Joining Emmet this morning was Suzanne Casey the General Manager of Velo Coffee Roasters.
Interest in alternative assets is booming as macro-events continue to shock investors. A recent report found the average US family office plans to allocate 52% of their portfolio towards alternatives, an increase of 10%.
Karl Rogers, Chief Investment Officer at Elkstone says the Irish market is following suit and Karl explained why to Emmet.
Audi, which is part of the Volkswagen Audi Group, describes itself as the number one premium brand in Ireland. Its distinctive 4 rings have been on Irish roads since 1968 and it’s the 8th most popular car-maker in Ireland. Like all of them, it’s making a transition away from fossil fuels and towards electric vehicles. And that is a bumpy process especially in the face of the invasion of cheaper Chinese brands such BYD?
Damien O’Sullivan the Brand Director for Audi Ireland spoke to Joe this morning on the show.
We hear a lot about the pillar banks in this country - possibly because we taxpayers had to bail them out 14 years ago. But what about all the major international banks who operate here but don't sell to ordinary consumers. Among them is BNP Paribas which was been here for half a century and still sells to big corporate customers
Joining Joe this morning in studio was Derek Kehoe the Chief Executive of BNP Paribas Ireland.
The government is desperate to spread the wealth of the technology boom evenly around the country and dilute the concentration of investment in Dublin. To that end the technology hub Platform 94 - which used to be known as the Galway Technology Centre - opened its brand you extension in Galway at the weekend and aims to attract cutting edge start ups to the West.
Dave Hickey, Chair of Platform94 joined Joe this morning on the show.
If you are among the thousands of people who have ordered food via Just eat or Deliveroo, you’ll know there are stiff delivery fees. What you won't know about are the fees that are charged by these 2 apps to the restaurant which makes the food.
There’s an indigenous rival called Munch’d which claims to charge the restaurant far less to process the food order and arrange a driver. Speaking to Joe was David Kieran is the boss of ZOMA which has delivered the Munch'd delivery app.
A look at the international business stories this morning with Russ Mould from AJ Bell.
It’s been another busy week for the big technology companies. X appeared in private before TDs and Senators in Ireland. The EU commission opened an investigation into TikTok and the Digital Services Act came fully into force.
The DSA was designed to reign in the big platforms which have become ubiquitous and all powerful in our lives. But is it all sizzle and no steak in terms of quickly responding to the spread of disinformation and hate speech online.
Speaking to Joe this morning was Dr Johnny Ryan is a Director at the Irish Council for Civil Liberties.
It’s 14 years since the start of the eurozone debt crisis which all but destroyed the economies of Greece, Portugal, Spain, and of course Ireland. The IIF which represents the global banking fraternity was at the centre of that especially when it came to Greek debt forgiveness.
Nowadays people are more worried about Chinese debt levels and geopolitical tensions brought about by Russia.
Joe spoke to Robin Brooks the former Chief Economist with the IIF and began by asking him about whether the western economies were disconnecting with China?
So Today’s the big day when we find out which European city will host the prestigious new Anti Money Laundering Agency. Whoever gets it will doubtless attract a whole ecosystem of financial, legal and lobbying experts buzzing around the new Honeypot.
Dublin is one of the favourites but is up against major bids from Madrid, Paris, Rome and Frankfurt. Ireland set out its stall before MEPs in brussels last month and sitting alongside the finance minister was junior Minister Jennifer Carroll MacNeill responsible for financial services Minister McNeil joined Joe this morning.
On Saturday it’ll be 2 years since Russia’s illegal invasion of Ukraine. In response the EU and many western nations imposed s sanctions to cripple the Russian economy. Yet the IMF reckons that Russia will grow by 2.6%. So what’s going on?
David O’Sullivan is the EU envoy monitoring sanctions against Russia spoke to Joe this morning to discuss these findings.
Recently show we discussed the circumvention of sanctions on Russia with Commissioner Mairead McGuinness. We mentioned a few countries that have seen their exports to Russia soar including Georgia which is officially a candidate country to join the EU.
Giorgi Peikrishvili is the Chairman of the Irish Georgian Chamber of Commerce and joined Joe this morning to discuss these two issues.
Joe Lynam takes a look at the main business stories feature in the business pages and online.
On Saturday it will have been 2 awful years since Russia began its invasion of Ukraine. One of the few bright spots to emerge was the speed and depth of cooperation by EU member states in imposing crippling sanctions on Russia.
But the circumvention of those sanctions has also been huge with EU exports to neighbouring countries such as the Caucuses soaring by up to 10 times the usual amount and then ending up in Russia. Speaking to Joe this morning was Commissioner Mairead McGuinness responsible for financial services and financial literacy but also the implementation of sanctions.
Over the past quarter, credit unions were issuing loans at a rate of 8000 per week that works out at €631million worth of loans over 3 months.
There’s no doubt that the credit unions are slowly but surely starting to become a fourth force when it comes to home loans. But they still have a long way to go to match the lending levels of the big 3 banks.
Speaking to Joe this morning was David Malone the Chief Executive of the Irish League of Credit Unions.
Consumption accounts for more than half of the Irish economy. But there are many who believe that consumers unlike farmers or technology companies - don't have the same protections nor the ear of senior politicians.
The Competition and Consumer Protection Commission was established a decade ago but only got beefed up powers to investigate last year. Now the CCPC has put out a survey of consumers who may have experienced detriment or some sort of stress or financial loss when buying goods or services in Ireland.
Joining Joe this morning was Brian McHugh the chair of the CCPC.
Small and medium sized companies have a lot on their plate this year. Inflation and energy costs may be easing and interest rates look set to fall but the national minimum wage is up, auto enrolment is set to start and employers will have to cover sickness and holiday pay for the first time.
Despite that, a survey of SMEs by Azets formerly known as Baker Tilly found that economic prospects stood at a more than respectable 7.4 out of 10. BUT smaller or micro businesses were far more pessimistic than their larger cousins.
Speaking to Joe about the findings of the survey was Neil Hughes the Chief Executive of Azets Ireland.
Joe Lynam takes a look at the international business stories this morning along with Kathleen Brooks Director of Research at XTB.
When was the last time you bought a bottle of sherry or perhaps even shoe polish or a corset? Well next time you do so, that purchase will no longer be logged as part of the basket of goods which go to make up the key measure of Inflation known as CPI.
Inflation was the key story of 2022 and 2023 but is dropping down the importance charts for many. But it’s a vital component in our overall economy. Here to discuss that and other issues is Kate English a Director with Deloitte.
According to Failte Ireland, 1 in 8 hotels or guesthouse beds designed for use by tourists are in fact being used by the State for refugees or asylum seekers.
Supply and demand rules suggest that the fewer the available hotel rooms the higher the price for those rooms remaining. But Joan Scales travel and tourism expert says that a wide variety of hotel accommodation will come on stream this year and that occupancy levels might remain at around 80% Joan joined Joe on the show this morning.
Financial services is an increasingly important part of the Irish economy and within that are the legal services that support banks and insurance companies - as well as consumers. The Financial Services Bar Association represents lawyers in this area and today they gather to discuss things such as new consumer protections, money laundering rules and actions which can now be brought against big bosses.
Butterfly Skin and Blood Cancers are just some of the ailments that can be treated using cell to cell therapies. It is the work on one company in based in Spiddal Hitech Health and its Managing Director Brian Harrison joined Joe this morning on the show.
If you ever pass a large construction site and see big trucks trundling in and out of the gates, the chances are they are one of the truck brands imported by the Harris Group set up by the legendary Pino Harris more than half a century ago.
Pino passed away in 2017 but his business continues to thrive under his widow Denise Harris who joined Joe this morning the show.
The geopolitical world is a mess these days and yet you wouldn't know from buoyant stock markets around the world. Interest rates are set to decline as inflation retreats and energy costs return to near normal despite an ongoing hot war in Ukraine.
Meanwhile the world is digesting a much weaker Chinese economy and the prospect of the return of Donald Trump to the White House.
Lots to talk about then with Dan O'Brien from the IIEA.
Love is in the air as valentines looms ahead, but it’s worth remembering last year, 74 online romance scams were reported to gardaí, with a total of €1.9m taken.
To discuss further Emmet spoke to Niamh Davenport, Head of Financial Crime at the Banking and Payments Federation of Ireland.
Over a quarter of Irish CEOs do not believe their businesses will be viable in a decade as tech and climate pressures accelerate that's according to PWC’s 2024 Irish CEO Survey. With more on this Emmet was joined on the show by David McGee, their ESG leader.
Construction has been in the doldrums over the past few months and remained so in January according to the latest BNP total activity construction Index.
But the residential construction sector is holding up much better than the very weak building output in the office market. Speaking to Joe this morning was John McCartney is the Director of Research at BNP Paribas Real Estate.
The supermarket chain SuperValu first dipped its toe into the insurance business a few years ago. Now that toe is going deeper into the Insurance water with the launch of life Insurance products from this week.
Garry O’Sullivan, Head of SuperValu Insurance told Joe more about the new life insurance products.
Chanelle Pharma may be the biggest Irish drug manufacturer that you've never heard of. They've been around since 1985 and they make generic pharma products which are no longer under patent protection. And now they've been sold for a whopping €300m to a UK private equity group Exponent.
Michael Burke is a former Vet and the founder and chief executive of Chanelle Pharma
Scurri describes itself as ‘the Stripe of the delivery world’. The Wexford-based company helps major e-commerce providers, including eBay and An Post to tackle the labyrinth of courier companies such as FedEx and TNT. They also handle customs declarations, which in a post Brexit world may be useful for exporting companies.
Speaking to Joe this morning was Rory O’Connor the Chief Executive of Scurri.
A look at Friday's business markets and news with Michael O'Sullivan from Unio Wealth Advisers .
The good news is that our trust in food safety is rising but the bad news is that 3 quarters of companies are increasingly concerned with the cost of food production. On top of that roughly half are worried about acquiring or retaining staff in the food sector.
It’s all in the latest comprehensive study from the Food Safety Authority of Ireland and comes after it effectively shut down the Iceland chain of food stores last year over safety. To discuss their findings was the Chief Executive of the FSAI.
In a few hours the CSO will publish its latest assessment of the economic well-being or not for each county in Ireland. It’s expected to show that Dublin is still way ahead of the regions, but it may also say that there is plenty of investment outside the capital especially from the IDA and the local development offices
John Daly is the Economist with the Northern & Western Regional Assembly and joined Joe ahead of the publication.
A look at today's business pages and websites with Newstalk's Business Editor Joe Lynam.
For those of you who don't know, 3D printing is the process of layering polymers to form shapes defined by a piece of software. Its potential is huge but because the process is so time consuming, it hasn't taken off yet.
Now there’s an online course in 3D printing starting at the South East Technological University formerly known as Waterford and Carlow RTCs. David Alarco is the programme leader at SETU and he joined Joe on the show this morning.
There is a severe shortage of places to rent in this country. Not only is that pushing up rents but it’s also creating nefarious people to pretend they are landlords and take deposits without actually providing the accommodation.
Now there’s an Irish startup called Rent Dodo which helps both tenants and landlords with the verification process and speaking to Joe was Conor McGarry is the founder and CEO.
A look at today's business stories and websites with Newstalk Business Editor Joe Lynam.
If you've ever despaired waiting for a bus which doesn't arrive despite what various apps and even the real time arrivals board tells you. CitySwift is a Galway based technology company which tracks buses and provides the company and ultimately the consumer with more accurate times.
Joining Joe this morning was Brian O’Rourke the Chief Executive of Cityswift which just received an extra €5m in funding from Gresham House Ventures last week.
Using GDP as a measure of economic growth, the Irish economy shrank by a whopping 3.4% over the past 5 consecutive quarters. But since that number is wildly distorted by profit repatriation from foreign multinationals based here, GDP is not taken as a serious measure of economic activity here. One of the preferred measures is Modified Domestic Demand and according to Bank of Ireland’s forecasts, MDD will grow by 2.3% this year and 3% in 2025.
Speaking to Joe this morning was Conall Mac Coille the Chief Economist with Bank of Ireland.
Auto Enrolment starts for all large Irish companies this year. It means employees have to actively opt OUT of a workplace savings scheme instead of opting in. For some employers it’s an added layer of cost and red tape on top of higher minimum wages, holiday and sickness pay.
So is it all worth it? Irish Life is the biggest provider of life insurance so needless to say it thinks it’s a great idea.
Shane O’Farrell from Irish Life discuss this further with Joe this morning.
Do you have an EV and suffer from range anxiety or perhaps you're toying with getting a battery powered car but worry about the lack of charging infrastructure which will leave you stranded with no power? Or you live in an apartment and can't charge your car overnight.
There’s no doubt that there aren't enough fast charging points publicly available in Ireland but perhaps an Irish startup has a decent idea about how you might be able to charge up in someone’s private driveway nearby.
Maebh Reynolds, Co-Founder and CEO of GoPlugable which wants to be the Airbnb for car charging and joined Joe this morning.
A look at today's business stories and websites with Joe Lynam and Dan Maroney from RBC Brewin Dolphin.
2 years ago, we had never heard of ChatGPT. 10 years ago, there was no TikTok and 25 years ago there was no Google, YouTube, Facebook, Bitcoin, Netflix, WhatsApp, Amazon, zoom, Airbnb, or Uber. It all shows how quickly technology can come and go. But the technology firms that have made it have inordinate power these days and often decide elections more than politicians.
So let's take time to talk about technology and where it’s going with Ben Barringer, Global Technology Analyst / Executive Director with Quilter Cheviot.
It is the oldest international rugby competition in the world dating back almost a century and a half. It’s also one of the most fiercely contested and the source of great banter between six of Europe’s oldest nations. The six Nations rugby championships which starts tomorrow when Ireland travel to Marseille to play France. The Six Nations is a big business as well as a big tournament. Its chair is Ronan Dunne who is the guy who presented the trophy to Johnny Sexton in Dublin last year.
The latest semi-annual report shows a 33% increase in loan values to €1.6bn, funding 8,500 new homes in the past six months. Joe sits down with Dara Deering, the Chief Executive of Home Builders Finance Ireland (HBFI) to break down the details and implications of these figures.
Joe Lynam discusses into the future of work with Russell Beck, author of "The World of Work to 2030: A Practical Guide to Future-Proofing Your Business and Your Career." Beck emphasises the growing significance of flexible working, AI, and people management by the decade's end. However, he questions whether companies are ready and financially equipped to tackle these imminent challenges.
The book is available to purchase at https://linktr.ee/wowt2030
Newstalk's Business Editor Joe Lynam takes look at today's business stories and websites.
Today, Finance Minister Michael McGrath will present to MEPs in Brussels, advocating for Ireland as the ideal host for the EU's new anti-money laundering agency. Facing competition from major players like Germany and France, McGrath must overcome Ireland's reputation as a "Tax Haven." Stephen Rae, publisher of Anti-Money Laundering Intelligence, joins Joe Lynam from Brussels to assess Ireland's chances and discuss the presentations.
Starting tomorrow, Irish and EU exporters to the UK must pre-notify British customs, often requiring veterinary clearance. This change follows three years after the UK's exit from the single market and five years post-EU departure. Exporters face added burdens, including increased costs due to Red Sea attacks disrupting Suez Canal traffic. Simon McKeever, CEO of the Irish Exporters Association, joins Joe to discuss these developments.
Newstalk's Business Editor Joe Lynam takes look at today's business stories and websites.
A fortnight ago, a report found that Brexit had cost London and Britain badly. In fact the British capital is £30bn or 7.5% smaller than it otherwise would be in a parallel universe in which Britain had not quit the EU. But the Lord Mayor of the City of London where most of the major banks are based says it continues to thrive despite the erection of trade barriers with the Single market.
Michael Mainelli is the Lord Mayor of the City of London, where the main big banks are. He’s over in Dublin this week meeting the Taoiseach and business leaders and spoke to Joe on the show.
Ireland is one of the main hubs for aircraft leasing. Thanks to the hard work of Tony Ryan and GPA in the 1980s. After a very rough 2022 for the sector, when Moscow seized so many planes legally owned here in Ireland, is the aviation industry bouncing back? And if it is, how will it deal from the fallout of Boeing 737 Max nines and panels falling out mid flight ?
Jim Morrison the Chief Risk Officer with Avolon aviation discuss this with Joe this morning.
Although it’s more than 3 years since Britain formally left the Single market, UK customs - known as HMRC - still don't check the goods coming into the country to ensure safety and compliance. That starts to change at the end of this month and Irish exporters need to know what to do because there’s a lot more red tape for them coming down the tracks
Peter Burke is the Minister of State for European Affairs spoke to Joe to discuss.
She may be one of the most important central bankers in the world but she’s not that popular with thousands of staffers within the European Central Bank. A poll of them found the majority felt that Christine Lagarde wasn't doing a great job. But as inflation comes tumbling down after reaching double digits in the eurozone just over a year ago, is she really failing when it comes to monetary policy.
Speaking to Joe was Lars Christense from the University of Copenhagen.
A look at today's business stories and websites with Newstalk Business Editor Joe Lynam.
Irish banks tighten credit standards as demand for business loans increase. Irish firms are continuing to look for loans, bucking a trend seen in the wider eurozone. Jonathan discusses this with Alan McQuaid, Economist.
Ireland's professional jobs market is showing signs of stabilising following an overall total decline of 18% in openings through 2023.
Speaking to Jonathan this morning was Tracy Keevans, Global FDI Director, Morgan McKinley Ireland.
Many of us dream of a day when we can travel a lot and do a bit of work wherever we and our laptops find ourselves. My next guest calls himself and his company Nomad Capitalist. He says his job is to help others slash their tax bill and live wherever they want. His name is Andrew Henderson and now he’s moving to Ireland so less and spoke to Jonathan this morning.
Even a cursory glance at the papers at the weekend would have shown you that many small companies especially in the hospitality sector are either struggling financially or simply going to the wall. SMEs really are also struggling with additional costs of employment including higher minimum wages and holiday or sickness pay. But some simply don't have the money to repay the Revenue all their warehoused debt from the pandemic.
To discuss this and the liquidation process Jonathan was joined on the show by Declan de Lacy. Restructuring partner with PKF O'Connor Leddy & Holmes.
Last year was a bumper year for Irish cinemas. ‘Barbenheimer’ was the phenomenon of the summer that drove thousands of people to the silver screen.
But the long-term trend for cinema-going in Ireland is not great. The arrival of Netflix and prime video poses an existential threat. Joining Joe this morning was Mark Anderson the General Manager of the Omniplex chain of cinemas.
This morning's main international business stories and websites with Joe Lynam and Russ Mould from AJ bell.
If you have a pet at home - and millions of us do, then you’ll know how and where to buy pet food and treats and toys etc. One Irish company which started up in Ballincollig, County Cork 18 years ago, now has 30 stores in 15 counties. Maxi Zoo, which is part of the German Fressnapf group, and plans to open a further 4 stores here - suggesting that there's a huge market for pampering our pooches.
Patrick O'Driscoll, Finance Director of Maxi Zoo spoke to Joe about this company.
Investment in property will increase this year according to CBRE but it was 60% below the long term average last year amid soaring interest rates and a very weak commercial property market. Interestingly the top three investment transactions in 2023 had buyers who were private capital/family offices. Industrial & logistics was the most invested sector in Ireland according to CBRE’s latest report.
With more on this Joe spoke to Colin Richardson is the Director & Head of Research with CBRE Ireland.
A look at today's business stories, websites and markets with Aidan Donnelly from Davys.
AECOM is one of the biggest construction companies in the world. Headquartered in Dallas, they have 700 employees on the island of Ireland and build some of our biggest projects including major new roads, rail and airports. Their annual report is out and it paints a mixed picture for the construction sector. It says the rampant cost increases of recent years appear to have stabilised and some costs such as steel prices are going down but office vacancy rates are as high as 18%
John O’Regan is the Country manager for AECOM joined Joe this morning on the show.
Yesterday evening Samsung unveiled the S24 lineup of devices at an ‘Unpacked’ event in San Jose.
Newstalk’s Technology Correspondent Jess Kelly was watching the event, and already has her hands on the flagship device the S24 Ultra. Here’s what you need to know about the new phones
The Number of people joining the accountancy professions is down 33% over the past 8 years alone. So to streamline the professional qualifications the 2 largest indigenous professional bodies, CPA Ireland and Chartered Accountants Ireland are set to merge.
But will that stop the decline in numbers and to discuss what this merger means for the rest of us? Joe asked Mark Gargan the President of CPA Ireland.
Every year the great and hugely wealthy meet up in the Swiss Alps ski resort of Davos to swap ideas and work out ways to make themselves even wealthier. PwC also publishes a global risk survey of what is worrying those senior bosses.
Today it also publishes the specific concerns of Irish compliance officers and members of the C suites. Cyber attacks came out on top of the Risk survey but climate change only came in at 5th most pressing concern.
Andy Banks is Risk Management and compliance Partner with PwC Ireland and Andy joined Joe this morning on the show.
Newstalk's Business Editor Joe Lynam takes look at today's business stories and websites.
2 years ago President Biden introduced a bill deceptively called the Inflation Reduction Act. It was designed to stimulate the post COVID US economy and kickstart the move away from fossil fuels through grants and subsidies worth almost €1trillion. It poses a major threat to EU nations though as State Aid rules forbid member states subsiding their own national companies.
But a work around designed to prevent Europeans companies moving to the US could end up harming businesses in smaller EU nations such as Ireland.
Speaking to Joe was Colm Markey is the MEP for the Midlands and North West.
If you've a small business you should be familiar with Local Enterprise offices or LEOs. They are dotted all over the country and they often provide the first point of contact for startups which wish to benefit from government grants and advice especially on the road to digitalisation of how they work.
The Network of Local Enterprise offices has published its annual results today and John Magee the chair of the Network of Local Enterprise offices joined Joe this morning on the show.
A look at today's business stories and websites with Newstalk's Business Editor Joe Lynam.
It’s one thing to start up a technology business but it’s quite another to scale it up and reach sufficient momentum so that it can become an international player. It’s even tougher to do so outside the main urban centres but next month will see the 3rd Regional Start-up Summit in Limerick.
The project is backed by Enterprise Ireland, Google and the Irish Strategic investment fund. It follows on from two thirds of the jobs created by EI last year being outside the M50
Martina Fitzgerald is the Chief Executive of Scale Ireland joined Joe on the show this morning.
The European single market was established 30 years ago to provide for freedom of movement for goods and services, Capital and people. For the most part, it has been a huge success for EU member states, but according to a new report from the European Chambers of Commerce, there are still major problems trading between them including some member states, insisting on highly unusual rules and standards, which make it difficult for foreign firms to trad
Ian Talbot the Chief Executive of Chambers Ireland spoke to Joe about the report findings.
After a 3 month hiatus away from the bond markets, Ireland sold €3 billion worth of 10 years Government bonds yesterday which was vastly oversubscribed. In fact only German bond yields are lower than Ireland’s these days which is a long way from 2010 when we went into a bailout because no one would lend us money.
Joining Joe this morning was Dave McEvoy Director of Funding and Debt Management with the NTMA.
46 years ago a fast food restaurant was opened in Ballinasloe, Co Galway. A year earlier McDonalds had opened its first outlet on Grafton St. Both entities have survived and thrived throughout Ireland with Supermacs now having 120 restaurants and will soon be opening in Dublin airport.
The founder Pat McDonagh prides himself as still being very much hands on but he’s also branched out into the hotel and forecourt business and now offers EV charging as well. Pat joined Joe on the show this morning.
Exports of Irish made food fell last year for the first time in a while but still remained above €16bn in value. Worryingly sales in key sectors overseas such as dairy and whiskey dragged the over figure down. Joe caught up with Jim O'Toole the Chief Executive of Bord Bia and asked him why exports had stagnated.
The BT young scientists exhibition was formally opened by the President yesterday and to the public from today. It’s a wonderful chance to see how smart our young citizens are and previous winners have included the Collison brothers who are now the billionaire owners of Stripe.
So what does this years crop tell us about the direction of travel for science, technology and business? Shay Walsh Chief executive of BT Ireland spoke to Joe this morning in studio.
A look at today's business stories and websites with Newstalk Business Editor Joe Lynam.
Just before Christmas Day, the EU Council, Parliament and Commission agreed the wording of the world's first comprehensive set of rules and guidelines to deal with Artificial Intelligence the AI Act.
It set out for example that facial recognition would be banned in public places. Other AI applications in health education and recruitment were obliged to have transparency clauses so that regulators could take a peek inside the code being used.
Brando Benifei is an Italian MEP and represented the EU parliament in those talks with member states for the AI Act
We recently interviewed the boss of Enterprise Ireland Leo Clancy and he was about to go to Cherrywood to announce a major €100m investment and the creation of a medical research campus by the EI client company APC and VLE Therapeutics. It’s set to create 300 jobs and nurture the development of drugs for treatments in HIV, cancer and Alzheimer’s.
Speaking to Joe this morning was Mark Barrett, founder of APC and VLE Therapeutics.
A look at today's business stories and websites with Newstalk's Business Editor Joe Lynam.
The C Suite is where the people who know the most and control the most in any company hang out. That’s why their opinions matter. The latest Global Risk Management survey from the consultants AON suggests that cyber-attacks and data theft are the things that keep CEOs and CFOs awake at night the most increasingly though supply chain issues have risen in terms of worries for bosses.
Rachael Ingle Chief executive of AON Ireland which carried out this survey in 61 countries joined Joe Lynam on the show...
The number of people employed by companies aided by Enterprise Ireland has reached a record high of 225,000. All but one of the geographical regions in Ireland saw a net positive growth in jobs being created for startups, scale up and companies exporting with EI support. And yet the review of the year for Enterprise Ireland said it was ‘a very challenging year for businesses.
Leo Clancy chief executive of Enterprise Ireland joined Joe Lynam on the show this morning...
House prices looked a bit fragile this time last year - certainly when compared to the soaring sales from 2022. But it appears as if they may have stabilised and even went up in the final quarter of 2023 - according to the latest report from MyHome.ie. It found that the rising number of households earning more than €100,000 acted as a strong tail wind for the housing market. In fact there has been a 50% rise in those types of wealthy households since 2021.
Speaking to Joe this morning was Conall MacCoille the Chief Economist with Bank of Ireland and the author of the MyHome.ie .
Ireland’s most famous fintech is of course Stripe from the Collison brothers but could they soon be joined by Swoop. It was in the Deloitte Fast 50 last month suggesting it’s set to speedy growth.
Speaking to Joe this morning was Its founder is Andrea Reynolds and entrepreneurialism runs in the family as her father was full time businessman and part time Taoiseach Albert Reynolds.
Russ Mould – AJ Bell joined Joe on the show this morning to take a look at the international business news and markets.
John Scott finds companies with clever new ideas, nurtures them to a decent size and then sells them or floats them off on the stock exchange. Innventure is based in Florida and they've already floated 3 technology and science technology companies in joint ventures with Procter & Gamble as well as one in the offing with Nokia. It’s a risky business though as businesses will fail and lose their founding investors lots of money in the process.
John Scott is the founder of InnVenture and John joined Joe on the show this morning.
NAMA, the national asset management agency, was set up in the middle of one of the biggest economic crises in the history of the state. Its job was simple but very controversial: buy distressed assets from failed or failing property developers and nurse those assets back to some sort of value and sell them off. In the process it was supposed to save the then banks from an even worse fate.
NAMA will be wound down next year but before that it has returned €4.25 billion to Irish taxpayers and delivered 34,000 housing units. Joe was joined on the show by the Chief Executive of NAMA Brendan McDonagh.
In the aftermath of Russia’s invasion of Ukraine almost 2 years ago, wholesale and retail energy prices soared to levels not seen in decades. The biggest retail energy providers didn't waste much time in hiking up prices in 2022.
But when wholesale costs came crashing back down last year, households didn't see much of a change in what they were paying. Now a new entrant into the retail electricity market Yuno has slashed prices once again and claims to be the lowest in Ireland.
But how can it afford to do that? We speak to Cathal Fay is the Chief Executive of Yuno Energy.
This time last year 38% of small companies in Ireland who were polled said that mere ‘survival’ was the goal for 2023. Now that figure is down to 19% according to Peninsula which carried out this survey of SMEs in Australia, New Zealand, Canada, Britain and Ireland. It also looked at workplace arrangements and found that Irish employees were among the least likely nations to be offered flexible working.
James Potts, Chief executive of Peninsula Ireland which provide HR services to smaller companies joined Joe on the show this morning.
We all saw the shocking images of an actual tornado ripping through Leitrim village causing millions in damage. Some of the companies turned to microfinance to fund their reconstruction and restocking. These are low cost loans of up to €25,000 which are backed by the Irish State. Microfinance Ireland fills the gaps between what entrepreneurs can afford to lend to their business and what banks will lend which is often very little to start up companies.
Speaking to Joe this morning was Des McCarthy is the Chief executive of Microfinance Ireland.
So it’s a new year and as ever we’ll face new economic, political, environmental and other assorted challenges. Income taxes will go down for most people thx to the budget but the cost of hiring and employing staff will go up for companies. And then there’s the backdrop to all decisions made in or about Ireland: the economy. What will the wider world do this year to buffer us around as one of the nations most dependent on Exporting stuff.
All issues for Harry Goddard is the chief executive of Deloitte Ireland who advises some of the largest companies as well as rapidly growing medium sized firms.
A series of Budget 2024 tax changes intended to help people with their finances and the ongoing cost of living crisis have come into effect.
Charlie Weston, Personal Finances Editor with the Independent joined Emmet to talk through the relevant tax changes coming in the new year.
Positive perceptions of financial services careers offer opportunity to attract new talent to the industry. That's according to new research commissioned by Financial Services Ireland and their Director Patricia Callan joined Emmet this morning to discuss their findings.
As 2023 rolls to a close, January is just around the corner – which means many people will be looking at obtaining their tax refunds. Marian Ryan, Consumer Tax Manager, Taxback joined Emmet Oliver on the show...
Emmet Oliver was joined by Donal O’Donovan, Business Editor with the Irish Independent for a review of business news from 2023 .
Emmet Oliver was joined by Aidan Donnelly, Davy’s Stockbrokers to take a look at the stories hitting the business headlines this morning.
The expenses reporting requirements will come into effect from the 1st of January 2024 under the Finance Act 2022 . Sinead McNamara, Principal Officer and Head of Revenue’s PAYE Information, Modernisation and Support Branch.
Damien McCarthy, CEO of HR Consultancy Firm, HR Buddy joins me now with his top tips to help you switch off this Christmas
We are charting a new era in Irish philanthropy with the first national policy just launched, but how will this initiative shape the future of giving and societal change?
Emmet spoke to Eilish Murray, CEO for Philanthropy Ireland this morning.
From Dublin to Dubai, a travel phenomenon is unfolding! But what's driving this unexpected surge in luxury air travel? Anita Thomas, Emirates' Country Manager for Ireland, joins me to reveal the intriguing trends behind these soaring numbers.
State Street Global Advisors, the asset management business of State Street Corporation has announced that Ann Prendergast will become the new head of EMEA for State Street Global Advisors and Anne joined Tom this morning on the show.
Economic activity will likely contract, while at the same time, the domestic economy will likely grow – that’s according to the Central Bank’s final quarterly bulletin of the year.
To break it down for us was Robert Kelly, Director of Economics and Statistics at the Central Bank .
New legislation from the European union is on its way in 2025, which will mandate companies to ensure that workplaces are not just physically accessible for all types of workers, but also accessible for people with conditions not visible to the naked eye.
Speaking to Joe this morning was Niamh Kelly Founder/CEO at Leaders for Accessibility.
1000 more jobs left the FDI sector this year than came into the country according to the latest report from the IDA. That report also confirmed that 300,000 people are directly employed here by those companies brought here by the IDA. And the agency says that keeping that number above 300,000 is the challenge in an era of shrinking global investment.
Speaking to Joe this morning was Michael Lohan is the Chief Executive of the IDA.
If your company is fortunate enough to have excess working capital or cash, then you’ll know that rates are low in Ireland. Now Elkstone has a new platform to allow access to much higher deposit rates throughout the eurozone.
Karl Rogers, the Chief Investment Officer at Elkstone Partners joined Joe this morning.
The Eurozone’s largest economy Germany is not in great shape. It’s grown by roughly zero so far this year and has a hole in its budget in need of fixing. Much of the crisis stems from Germany’s previous reliance on cheap Russian oil and China as its main export market. So what does next year hold for the engine of Europe?
Speaking to Joe this morning on the show was Holgar Zschäpitz is editor at large with the famous German newspaper Die Welt who has also spent the last week or so in Ireland studying our economy.
Companies make decisions based on their data they have before them as well as gut instinct. And while you can rarely rely on or even measure your gut, business leaders need to rely on the data and information they are getting. But a new report out from EY suggests that data is not always reliable?
Dr Mary Coughlan, EY Ireland Partner in Data, Analytics & AI joined Joe this morning with more on this.
According to the respected think tank the ESRI GDP will shrink by 2.7% this year but rise by 2.3% next year. But more importantly modified domestic demand will grow overall this year by a far more modest 0.6% and by 2% next year.
The ESRI quarterly assessment of the economy says that inflation will just above 2% next year and unemployment will fall to 4.3% - suggesting a healthy economy. But it warns of global factors which could push Ireland off course.
To discuss further with Joe was Conor O’Toole Associate Research Professor at the ESRI .
9 advertisements across were found to be in breach of the Advertising Standards Authority Code on grounds related to a range of issues including Misleading, Substantiation, Recognisability, and Availability.
That’s according to the latest Complaints Bulletin from the ASAI’s independent Complaints Committee. Joining Emmet this morning was Orla Twomey of the Advertising Standards Authority for Ireland.
The new agri-food regulator - An Rialálaí Agraibhia, will formally be established later today
The regulator is empowered to publish price and market analysis along the agricultural and food supply chains, which should result in greater transparency for farmers, producers, processors and consumers.
Joe Healy is Chairperson of An Rialálaí Agraibhia joined Emmet this morning on the show.
If you're the type of person who will travel far and wide for your freshly baked bread and pastries, then Bread 41 on Pearse Street might be known to you. It describes itself as the busiest bakery in the country and now it’s secured the prestigious B-Corp rating for ethical and environmental practices.
Joining Emmet on the show this morning was Eoin Cluskey the co-founder of Bread 41.
Dublin-headquartered Invert Robotics has raised a further €2.5m in funding, bringing the total amount raised by the company to date to €25m.
Invert provides robotic solutions for non-destructive testing, and the company’s CEO Neil Fletcher joined Emmet this morning on the show.
There were many accusations during the Dublin riots that the social media Giants might not have done enough to take down the spreading of hateful information. Many of them appeared before TDs and Senators last week but X ignored the invitation. That’s despite looming new legislation called the Digital Services Bill which will dramatically change the responsibility of the big online platforms such as Meta, TikTok, and X.
The Minister for Trade Promotion, Digital, and Company Regulation, Dara Calleary joined Joe this morning on the show.
Last month An Post said all its delivery vehicles would soon be electric and now the ESB which is part owner of the SIRO nationwide broadband rollout scheme said it would follow suit. To do that it has partnered with the Irish EV broker Nevo to source all these electric cars.
Speaking to Joe this morning was Derek Reilly from Nevo.
A run-through of some of the business stories today with Newstalk Business Editor Joe Lynam.
KT or Knowledge Transfer is an important part of any modern economy and essential to one like Ireland’s which is so dependent on brain power and technology.
Now Enterprise Ireland whose job it is to encourage indigenous Irish companies to expand abroad has set up a new €33m fund– paid for in part by the European regional development fund to pay for skilled graduates to work for Irish deep technology companies.
With more on this Joe was joined on the show by Marina Donohoe Head of Research & Innovation with Enterprise Ireland.
If you've recently taken out a mortgage and need to get insurance for your monthly payments, you will have discovered that insurers don't like covering people who may have ever suffered from cancer and now be back to full health.
Well, that discrimination is coming to an end this week with Insurers finally acknowledging the right to forget the illness after a few years.
Moyagh Murdock the chief executive of Insurance Ireland joined Joe to explain this change.
Planning was back in focus this week as the RTE investigates programme exposed the fact that some so-called environmental objectors simply wanted money to drop their objections to housing developments. And in the background, the new Planning & Development Act has been published. But will it make life easier for planners and will it speed up the notoriously slow planning process in this country?
Joe spoke to Gavin Lawlor from the Irish Planning Institute.
In the financial year ending in Aug, IKEA Ireland saw its sales jump 16% to €252m. Much of that surge came from the new click-and-collect service in smaller towns around the country which meant not everyone had to come to Ballymun.
Joining Joe in the studio this morning was Marsha Smith is the deputy chief executive of IKEA UK & Ireland.
A run-through of some of the business stories today with Newstalk Business Editor Joe Lynam.
Softbank is paying almost half a billion euros to take a 51% stake in Cubic Telecom. It was a big day for the management and staff but also for the state-run Irish Strategic Investment Fund which had a stake in the business.
Shane Sorohan Chief Operation Officer for Cubic Telecom joined Joe this morning.
Ireland formally submitted its bid to host the newest EU agency - the Anti-Money Laundering Authority. Given our growing status as a European financial hub and the fact that we only have one other EU body based here, hopes are high that we might pip Frankfurt to get the agency.
It comes as European banks are trying to streamline how they spot fraud in the system before the criminals nick our money Speaking to Joe this morning was Sinead Ovenden, PWC partner for anti-money laundering.
With the Christmas rush well under way, millions of online payments are being processed in December. And hovering overhead are cybercriminals hoping to pounce with some new fraud including phoney payment methods. Fraudulent transactions are estimated to be around €200bn between 2021 and 2025
Riten Gohil, Business Development Director with the digital signatures company Signicat joined Joe on the show this morning.
Does your SME sell enough of its stuff online or does it predominantly depend on physical sales face to face? The government and the EU are keen that all companies - no matter how big digitise their business. But sometimes that costs too much money and some owners are a bit scared of making the technological leap.
Speaking to Joe this morning was Garrett Bridgeman is the MD of An Post Commerce.
Waterways Ireland was set up as part of the Good Friday agreement to promote cross-border usage of our rivers and lakes. It manages navigation and recreation on the Shannon, the Erne, the Bann, and even the Grand Canal. Now it’s got a 10-year plan to boost usage on these waterways.
John McDonagh the Chief Executive of Waterways Ireland spoke to Joe this morning about the 10-year plan.
A run through of some of the business stories today with Newstalk Business Editor Joe Lynam.
For years bankruptcy meant a financial life sentence for small business owners and little prospect of a second chance. But it’s been almost 2 years since the introduction of the new Small Company Administrative Rescue Process - known as SCARP, which has radically simplified and shortened the insolvency process for SMEs.
Today the accountancy firm formerly known as Baker Tilly and now known as Azets published its SCARP index, which claims that 561 jobs have been saved as a direct result of the new scheme.
Speaking to Joe this morning was Dessie Morrow Partner for Corporate Recovery with Azets.
It’s Romania’s national holiday today. The home of Transylvania, Georgi Hagi, Dracula, and Dacia cars is also Ireland’s 19th largest trading partner. Trade between the 2 nations is worth €1.4bn.
Laurențiu Ştefan is the Romanian ambassador to Ireland joined Joe this morning.
A look at Friday's business news and markets with Joe Lynam and Aidan Donnelly from Davys.
The alphabet soup of new names in the world of renewable and affordable energy gets thicker and thicker. You know LNG, you might know HVO and now we need to add Bio CNG to the list. Bio-compressed Natural Gas is a type of methane that we get from food waste. It could be one of the solutions needed to cut emissions on heavy goods vehicles and Flogas is building a major new CNG terminal at St Margarets in North Dublin.
John Rooney, Managing Director of Flogas which is part of the DCC group joined Joe this morning on the show.
Earlier this week we reported that pausing or blocking the construction of further data centres in Ireland would have a major economic impact on the future health of the economy. The boss of one of the biggest data centre companies in Ireland Equinix, Peter Lantry said the own goal had already been kicked and the ball was about to hit the back of the net.
Speaking to Joe this morning was Peter Lantry from Equinix.
Hibernia is one of the largest property developers in Ireland with sites all over Dublin. It’s currently redeveloping the former Garda HQ on Harcourt St but it’s also bringing draughty older buildings up to a much higher specification. And lingering in the background is a notable downturn in the commercial property market here. Joe spoke to Neil Menzies from Hibernia at their 1CP site which is home to Twitter and will be home to TikTok Europe as well.
Arklow Bank may not be a financial institution but it could be the source of wealth in energy terms for many years. The shallow waters off the coast of Wicklow will be home to much of Ireland’s renewable energy wind farms and the company behind the project reckon it could even create more than a thousand jobs and nearly €5bn in spending over its lifetime.
Joining Joe this morning was James O’Hara is the Director of the Arklow Bank Wind Park 2 Project which is part of the SSE Group.
A run through of some of the business stories today with Newstalk Business Editor Joe Lynam.
From the moment the clocks went back and the nights started drawing in, many of us started thinking about security and alarms. And just as retailers prepare for the busy Christmas season, my next guest makes much of his new business in the Winter months. Formerly known as telecom PhoneWatch, then Eircom PhoneWatch, and now just PhoneWatch, they almost have a monopoly in this country for monitored alarm systems.
Joining Joe this morning to discuss the workings of the company was Eoin Dunne the chief executive of Phonewatch.
My next guest thinks there may be as many as 200,000 Irish people who have worked in the UK and be entitled to part or even a full British state pension. The deadline has been extended but the window to apply won't stay open forever.
Mel Morgan from the website UKStatePensionAbroad.com joined Joe this morning to discuss further.
A look at today's business papers and websites with Newstalk Business Editor Joe Lynam.
A successful economy is built on many things: education, natural resources, infrastructure, and government policies. But it also thrives on confidence and there are fears that the disgraceful scenes on the streets of Dublin could dent that trust and confidence that this is a nice place to live.
To discuss this further was David Broderick the Director of the Small Firms Association.
We discuss the huge role played by social media and technology in spreading disinformation and being difficult to tame.
Speaking to Joe this morning was Mike Harris the Partner for Forensics and Cyber with Grant Thornton.
A run-through of some of the business stories today with Newstalk Business Editor Joe Lynam.
We talked to a lot of entrepreneurs on this show and we like to think we support up-and-coming businesses. So when we spoke to Sam Moffat in Monaghan from Moffat Automated Storage over the summer, we knew he had a good business. And that was confirmed last night when he won the EY Entrepreneur of the Year award. Sam joined Joe this morning on the show.
This week it was confirmed that PRSI will go up steadily over the next few years. Ostensibly it's to pay to keep the state pension retirement age at 66 but in reality will cost workers and especially employers additional money. It comes as auto-enrolment starts next year and compulsory holiday pay the burden of which will fall heavily on the shoulders of SMEs.
Joining Joe this morning was Neil McDonnell, Chief Executive of ISME which launches its Christmas Shop Local campaign today.
We all know that Ireland is a knowledge-based economy and thx to that we’ve enjoyed very low unemployment and high wages. But the downside of that is that our workforce will need constant upskilling or topping up of what we can do in our jobs and that is not cheap for companies or employees.
The UCD Professional Academy has a study out and Siobhan McAleer the interim CEO of UCD Professional Academy brought us the findings.
How loyal are you to your favourite brands and how much do you trust big companies when they say they're Green or caring for local communities? It appears that there may be a growing cynicism among consumers and not just in Ireland. The global advertising giant Havas has conducted a worldwide survey and they found that
71% of people are tired of brands pretending they want to help society when they just want to make money. There are plenty of other interesting and sometimes contradictory findings. Speaking to Joe this morning Chris Upton is the boss of Havas Dublin.
Last week we spoke to the Central Bank of Ireland about its new individual accountability Framework which will place far more personal responsibility on company directors for wrongdoing within their businesses.
The new rules stem from the fact that very few people went to jail after the financial crisis which drove the rest of the country to the brink of financial ruin. To discuss these new rules, Joe was joined on the show by Patricia Callan the chief executive of Financial Services Ireland, and David Naughton who is with the law firm LK Shields.
A run-through of some of the business stories today with Newstalk Business Editor Joe Lynam.
The boss of the biggest AI wizkid on the block was unceremoniously fired on Friday, then there were rumours that he had been rehired and then yesterday it was confirmed that he was definitely going to Microsoft.
But that wasn’t the end of it as we will discover. It all shows how unsettled things are in the AI space as everyone jostles to establish themselves on this new frontier.
Joe spoke to Jeanne Kelly the founder of the legal consultancy Browne Jacobson.
4 years ago a dollar could buy you 35 Argentine Pesos. Now it’ll buy you 350. Inflation in the South American nation is at 150% and GDP is shrinking rapidly. That’s the economic backdrop and the possible reason why Argentina voted to elect a self-described anarcho-libertarian Javier Milei who wishes to burn down the central bank.
Jon Farmer is Editor-in-chief, Latin America Weekly Report joined Joe on the show to discuss economics in the South American Nation,
A run-through of some of the business stories today with Newstalk's Business Editor Joe Lynam.
The more astute and observant among you may have noticed new bins in Dublin airport this week. They’re smart bins that run on solar power and crush rubbish down to allow 10 times as much waste as other bins. They also communicate with the airport authorities to let them know when or whether they need to be emptied.
They’re from a Mayo-based company called PEL and they’re in demand all over Europe. Tommy Griffith is the Chief executive of PEL and Tommy told Joe all about the company.
With journalists being sued by elected Irish politicians, there is increasing pressure on the government to protect free speech from improper use of the already very expensive legal system. These are often referred to as SLAPPs or ‘strategic lawsuits against public participation’ and these often vexatious lawsuits can bankrupt newspapers or human rights groups just to defend an article or an opinion.
The EU is preparing a Directive to ban the practice, which Ireland would then have to implement, but it will come too late for some companies. Mark Tottenham presents the legal podcast The Fifth Court.
A run-through of some of the business stories today with Newstalk Business Editor Joe Lynam.
Irish shoppers to break records for online spending on Black Friday, that’s according to the AIB Spend Trend
Speaking to Johnathan this morning was John Brennan, AIB’s Head of SME Banking.
The Laya Healthcare Workplace Wellbeing Index presents a tale of two halves.While workplace patterns comfortably stabilise, it shows concerning trends relating to mental health and substance abuse
Speaking to Jonathan to discuss the findings was Sinead Proos, Head of Wellbeing at Laya Healthcare.
A look at today's business papers and markets with Jonathan Healy and Aidan Donnelly from Davys.
Today the Central Bank of Ireland has published a feedback statement and issued regulations and guidance to firms on the Individual Accountability Framework, following a 3-month consultation process
Emmet spoke to Derville Rowland, Deputy Governor of Consumer and Investor Protection at the Central Bank.
In line with expectation, Eir saw growth across their fibre broadband base, total mobile customers, including the eir postpay mobile base, with a further increase seen in the multi-play bundling of eir fixed household
Joining Joe on the show this morning is the CEO of Eir, Oliver Loomes.
A range of measures is to be tackled under the updated Housing for All Update. Including a rise in the Vacant Property Refurbishment Grant & extended access to Local Authority Home Loan.
Minister for Housing, Local Government and Heritage, Darragh O’Brien spoke to Newstalk Breakfast this morning.
All Things Considered: Are congestion charges in cities necessary? Shane and Ciara discuss.
No one in RTÉ will be paid a salary exceeding that of the Director-General under a maximum pay cap that is being set as part of a new strategic vision for the broadcaster. Speaking to Ciara on the show was Director General of RTE, Kevin Bakhurst.
The Safe Access Zone Bill 2023 is now in its final stages and will be up for discussion in the Dáil this evening.
To debate we heard from Eilis Mulroy, Spokesperson for the Pro-Life Campaign, and Karen Sugrue, Co-Chair of the Together for Safety group in Limerick.
“Congestion charges and higher parking fees are brutal but necessary in cities” writes Lorraine Courtney in the Irish Independent.
Sadhbh O'Neill, Senior climate advisor for Friend of the Earth spoke to Ciara this morning with her view on this.
The teacher recruitment and retention crisis in Irish second-level schools is worsening, that’s according to the findings of a new survey carried out in over 100 schools by the Principals’ and Deputy Principals’ Association of the Teachers’ Union of Ireland (TUI).
Michael Gillespie, General Secretary of the Teachers Union of Ireland.
A number of Irish citizens may be allowed to leave Gaza today according to recent reports.
Hannah McCarthy, Journalist in Israel explained what more we know.
On the 28th and 29th of November, The Titanic Museum will host the Hydrogen Conference aiming to look at delivering a balanced pathway to net zero,
Joining Emmet to discuss this in more detail is Director and Spokesperson with Hydrogen Ireland, Paul McCormack.
The Bord Bia food service seminar will take place today highlighting the current food service market landscape, forecasts for the year ahead along with some consumer research.
Speaking to Joe to discuss this in more detail is Bord Bia Market Specialist, Maureen Gahan.
Qualcomm Technologies has announced a €118.7m expansion of its research and development facility in Cork City. The investment is expected to create more than 150 engineering roles over the next four years.
With more details on the expansion, Emmet spoke to Paul Kelligher, Qualcomm Vice President and Cork Site Leader.
PwC Net Zero Economy Index 2023 states that the world needs to cut carbon intensity seven times faster to limit warming to 1.5°C
Joining Emmet to discuss this in more detail is David Mcgee PWC’S Environmental Social and Governance Lead.
National Broadband Ireland (NBI), the company responsible for delivering the Government’s National Broadband Plan (NBP), will announce in its quarterly update this week that broadband connections are available for more than 200,000 households, farms and businesses across the country
Speaking to Emmet this morning was Minister of State in the Department of the Environment, Ossian Smyth.
Lennox is an Irish laboratory and scientific solutions company founded in Dublin 100 years ago this month. Speaking about the company was its CEO, Leslie Brett.
Sodexo is the food business that supplies many company restaurants and state bodies. Now they are laying down the law with all their suppliers by saying that it will no longer work with anyone who doesn't meet its Net Zero targets by 2030. Principled or foolhardy?
Aoife Wycherley the head of Supply chains and food at SoDexo in Ireland explained their mission to Joe this morning.
IBI Corporate Finance has been advising clients on mergers and acquisitions since 1966. Until recently it was owned by Bank of Ireland but now it's been snapped up by the Japanese investment banking division of Daiwa. Does it put Ireland on the M&A map globally or will IBI simply disappear under a global brand?
Speaking to Joe to discuss was Tom Godfrey the Chief Executive of IBI Corporate Finance.
Joe takes a look at today's markets and the business news with Mike O'Sullivan from UNIO.
While Britain may not have seen many benefits from quitting the EU, many other companies in Ireland and continental Europe certainly have. One of them is Brittany Ferries which runs services between France and Ireland as well as Spain.
It’s seen freight volumes rise 205% as Irish hauliers try to avoid going through Britain to the continent. But passenger numbers have soared for them too.
Speaking to Joe this morning on the show was Nigel Wonnacott Group head of external comms with Brittany Ferries.
Energy prices soared for companies and consumers last year after the Russian invasion of Ukraine. It left many households facing extraordinary bills and in need of a bail-out from the central government. Now those energy prices are starting to inch downward but are they retreating as quickly as they rose? Joining Joe to discuss the energy markets in Ireland and what we can do to keep bills down was Klair Neenan, Managing Director of SSE Airtricity.
A run-through of some of the business stories this Thursday with Newstalk Business Editor Joe Lynam.
The great and the good in tourism gather this week in London for the World Travel Market. Tourism Ireland will be there banging the drum over there to drive visitors to the entire island of Ireland as tourist numbers, haven’t quite yet recovered from the pandemic.
The company has a new boss - the former Google Executive Alice Mansergh who joined Joe on the show.
The Irish specialist skills gap is very real and will only get worse unless Ireland takes a more innovative approach to sourcing talent.” That’s the view of the recruitment specialists Castille who have just made Lapps Quay in Cork their new global headquarters.
But what can Ireland do to bridge the skills gap if the cost of hiring people continues to soar and housing remains an intractable problem? Speaking to Joe this morning was Matthew Camilleri the Founder and CEO of Castille.
A look at today's business papers and websites with Newstalk Business Editor Joe Lynam.
From next year employers will have to deal with quite a few new challenges when it comes to staffing and HR rules. They include new rules for whistleblower protection but also increasingly tighter rules on the protection of personal data. And then there’s the key ruling from the Supreme court last month about the Gig economy.
All these issues will be discussed this week at the Employment Bar Association conference and Cathy Smith the Senior Counsel and a member of the EBA committee joined Joe this morning.
A run-through of some of the business stories today with Newstalk Business Editor Joe Lynam.
Last week we saw unemployment rise to 4.8% still low by recent standards. While only yesterday the CSO said that the live register of people who claim unemployment support had gone down by 1.8%. Hovering overhead is also the fear that the corporation tax goose is laying slightly smaller eggs and potentially upsetting spending plans.
To discuss further Joe spoke to the Independent Economist Simon Barry.
Europe’s biggest airline Ryanair has just posted its half-yearly results. To discuss the results Joe spoke to Neil Sorahan, CFO with Ryanair.
Irish households are rapidly accessing high-speed broadband more and as a result, we’re also downloading videos and using video on demand a lot more. That’s according to the PWC report into the Entertainment & media in Ireland. It found that cinema-going is growing but the long-term trend is downwards as is the consumption of newspapers
Speaking to Joe this morning was Conor Forde, Director, PwC Ireland Entertainment.
A run through of some of the business stories today with Newstalk Business Editor Joe Lynam.
Yesterday we heard that unemployment rose to 4.8% in Ireland. Despite that many economists describe the country as having almost full employment. That has created skills shortages for many companies, especially SMEs. That’s reflected in the SME monitor out today from the Banking and Payments Federation.
Speaking to Joe to discuss this further Brian Hayes the Chief Executive of the BPFI.
The EU has been trying to negotiate with Australia over a trade deal since 2018 but the talks collapsed this week. The EU appears to have baulked at demands from Canberra to deeper access to European markets for its farmers. There is already trade worth €56bn between the Eu and Australia but a Free Trade agreement would certainly boost that figure.
But farmers here are worried that mass-produced Australian beef and lamb could undercut prices locally.
Olof Gill the EU Commission spokesperson for Trade joined Joe this morning to discuss.
A look at today's business papers and markets with Joe Lynam and Aidan Donnelly from Davys.
Just over a week ago, the Supreme Court passed a landmark judgement which will have a major impact on the so-called gig economy in Ireland. The ruling could impact more than 100,000 people and cost their new ‘employers’ more money.
Speaking to Joe this morning on the show with more on this was Anne Dullea from the Revenue Commissioners.
Aldi is one of the very few supermarkets in this country which publishes its annual results. Their financial year numbers for the past year show that sales were up 1.1% to €2bn but pretax profits were down a whopping 56% to €17m. The supermarket says that planning delays continue to hamper the roll out of new stores around the country, but their expansion will continue anyway.
Niall O’Connor Group Managing Director, Aldi Ireland joined Joe in the studio this morning.
Newstalk Business Editor Joe Lynam takes a look at some of the business stories this morning.
There was a time when cash was king, and money dictated where everyone wanted to work. Then came technology and especially lockdowns and suddenly flexibility is the single most important attribute for employees when job hunting. That’s according to Employflex. Its survey found that company perks swayed only 6% of workers.
Speaking to Joe this morning was Karen O’Reilly the Founder of Employflex.
The lion's share of manufacturing in this country stems from the pharmaceutical sector. But huge exporters such as Pfizer are now seeing a clear decline in sales as demand for the COVID vaccine drops, that’s having a direct impact on our manufacturing data and has been reflected in the latest AIB survey.
Oliver Mangan the Chief Economist from AIB joined Joe this morning.
A run-through of some of the business stories today with Newstalk Business Editor Joe Lynam.
Kota raises €5 million to make core employee benefits work for modern companies and platforms. For more on this Emmet spoke Luke Mackey, Co-founder and CEO of Kota.
Festival organisers have announced a Live Club Jazz Jam collab show taking place this Saturday night at Cork Opera House. Speaking to Emmet as the festival begins this weekend was Fiona Collins, Chairperson of the Guinness Cork Jazz Festival.
A look at Friday's markets and business stories with Emmet Oliver and Dan Moroney from RBC.
Irish clinical research organisation ICON plc has released its Q3 2023 financial results. The CFO, Brendan Brennan joined Emmet this morning on the show.
EY has launched an artificial intelligence platform called EY.ai
Speaking to Emmet with more on their launch of the platform was Paul Pierotti , Partner in Data Analytics and AI at EY Ireland.
Germany is in something of an economic mudbath at the moment. The IMF said last week that it will be the weakest member of the G7 this year and technically it’s already in a recession.
But Germany never stays weak for long and those betting against it might lose their money in the long term. For a deeper look at what is going on in Europe’s largest economy, let’s speak to a man who knows both Germany and Ireland having spent quite a bit of time in Co Clare.
Thomas Kuhn from Wirtschaftswoche joined Joe this morning on the show.
The Protected Disclosures Act is now in force which obliges companies to have procedures in place to allow even the most junior employees to become whistleblowers if they see wrongdoing. In 2 months, the law will apply to companies with 50 or more employees which will bring thousands of businesses into the net and force them to make major changes. But are they gonna be ready?
Speaking to Joe this morning Michael Kavanagh the chief executive of the Compliance Institute.
A run-through of some of the business stories today with Newstalk Business Editor Joe Lynam.
Are mass drone deliveries getting closer? Bobby Healy from Manna Aero thinks they are both on the way and thinks he can build one of the biggest companies in Ireland.
In just over a year all banks and insurance companies will be legally obliged under EU law to ensure that they have enough protections in place to deal with a cyber attack.
It’s called the Digital Operational Resilience Act (DORA) and banking directors will be responsible for robustly managing personal data and any technological issues. Ergo is an Irish company that advises in this space and Steve Blanche is the CTO of Ergo who joined Joe on the show this morning.
A run-through of some of the business stories today with Newstalk Business Editor Joe Lynam.
Paddy Cosgrove started The web summit conference in 2009 in Bewleys Hotel with a handful of attendees and grew it into a multi-million euro business with 70,000 attendees. He became a millionaire but also began sharing many of his political views in public.
After major sponsors started pulling out one by one, Paddy Cosgrave bit the bullet and quit the company that he founded at the weekend. What can we learn about this?
Johnny Fallon has been following the story closely and works as a consultant with Carr Communications and joined Joe this morning.
Last week we told you that the owners of IKEA had invested in an Irish renewable energy company. That firm is Source Galileo and they’re set to become a major player in offshore wind in Britain & Ireland. But will they get over the enormous planning hurdles that seem to hold up all infrastructure investment in this country?
Kevin Lynch is the Chief executive of Source Galileo joined Joe this morning on the show.
Newstalk's Business Editor Joe Lynam takes a run-through of some of the business stories this morning.
The cryptocurrency exchange Coinbase has chosen Dublin as its main regulatory and operational hub for the EU. It comes as the EU is finalising new regulations for digital assets - referred to as Mica. Joe was joined on the show by Paul Grewal, Chief Legal Officer of Coinbase who is in Ireland this week to seal the deal.
War in Europe and the Middle East. Soaring interest rates and political unease everywhere. What should investors do? Putting your money into cash will earn you nothing and property is flatlining. One of the biggest investors in the country is Irish Life which manages the pension funds for millions of people and Anthony MacGuinness, Irish Life's Chief Investment Officer joined Joe on the show this morning.
More than half of companies have introduced a core set of hours in which workers must be in the office according to a Dublin Chamber survey carried out in association with Savills. Only 8% of companies surveyed said they insist on 100% attendance in the office and now Thursday has replaced Wednesday as the day on which the office is busiest.
Aebhric McGibney, Director of Public and International Affairs at Dublin Chamber joined Joe on the show this morning.
Aquatech is the technology behind aquaculture or the farming of fish and it relates to the breeding, raising, and harvesting of fish, shellfish, and aquatic plants. And Bord Iascaigh Mhara is holding a special conference about encouraging aquatech entrepreneurs to get into the sector.
Joining Joe this morning on the show was Richard Donnelly Development and Innovation Services Director BIM.
Hydrotreated vegetable Oil of HVO could be the green alternative to using diesel for those who can't afford to buy an electric car. Now Certa has opened up what it describes as the ‘forecourt of the future’ with HVO on tap in Liffey Valley by the m50. However HVO is usually slightly more expensive to buy per litre than traditional fuels. So will motorists make the switch?
Speaking to Joe this morning was Andrew Graham who is the Managing Director of Certa Ireland.
A look at today's business papers and websites with Newstalk Business Editor Joe Lynam.
In Last week’s budget, Finance Minister Michael McGrath announced a public consultation into how Revenue might be able to improve how VAT returns are made digitally. The review could suggest making VAT returns fully paperless and almost in real time which could make life much easier for SMEs.
Patricia Lahert, Principal Officer in Revenue’s Indirect Taxes Policy and Legislation Division joined Joe on the show this morning.
For those tourists who think that Dublin hotel prices are already expensive, they’re set to rise a further 10% next year. That's according to American Express Global Business Travel which says that demand for hotel nights in key global cities will shift away from leisure travel and more for business purposes
To discuss this further Joe was joined on the show by Cameron Spence is the Consulting Manager with AMEX GBT.
3D printing is now widely available and is especially used by companies to make their own parts or components. But consumers can also print up their stuff at home. But mass adoption hasn't taken off yet. Does the technology and especially the speeds need to improve?
Dave Doyle, 123-3D ,ie commercial manager
A look at today's business papers and websites with Newstalk Business Editor Joe Lynam.
Dublin hosts one of the larger conferences in Gaming this week. It’s called NEXUS by Gamerfest and some of the biggest developers will be there in a sector worth way more than some of the traditional industries.
Among the delegates will be an Irish company called StoryToys and Emmett O’Neill, CEO of StoryToys.
A run-through of some of the business stories today with Newstalk's Business Editor Joe Lynam.
After the horrific events in Israel and Gaza 9 days ago, oil prices shot up over fears that the conflagration might spread to other oil-producing regions. They retreated back by the end of last week but energy and energy dependence hasn't gone away.
Ireland’s best hope is of course renewables but they are not easy to switch on and off. So let’s chat about how we will power our companies and our homes. Joining Joe this morning was Robert Maxwell from the energy consultants DNV.
According to a key poll in the financial crime sector, Ireland and Dublin in particular, is the most likely to become the home of the proposed Anti Money Laundering agency for the EU. It pipped Madrid which came second and then
Luxembourg and Frankfurt. But given the high cost of labour and housing here, will we win it? To discuss further Joe spoke to Stephen Rae, from the consultants Kobn.
Ireland has gone from a standing start 30 years ago to one of the biggest consumers of coffee in Europe. We’ve even taken to drinking cold coffee products - on not-so-warm days according to Bewleys. But is it a fad and what can be done to keep the price of a cuppa Joe from becoming punitively expensive?
Bewley’s Marketing Director is Catherine Casserly joined Joe this morning on the show.
Statkraft started out as a hydroelectric facility in Norway more than 125 years ago and is now a global enterprise in 21 countries including here in Ireland where it is developing a large offshore wind project in the Irish Sea.
Speaking to Joe on the show about their business Kevin O'Donovan is a Senior Vice President at Statkraft and Managing Director of UK and Ireland.
There are 187 insurance and reinsurance companies operating in Ireland at the moment but a new report for the sector has found that our attractiveness as a location may be set to decline. The Milliman report says that the lack of skilled workers and the regulatory regime may deter future entrants into the market here.
Moyagh Murdock from Insurance Ireland joined Joe on the show this morning.
A run-through of some of the business stories today with Newstalk Business Editor Joe Lynam,
Extra payments for parents, extra support for landlords, a tax cut for most earners, and some treats for nearly everyone in the audience. If we didn't know better, we’d think there was an election on the way.
Joining Joe live from the offices of Grant Thornton Sarah Meredeth Partner Tax and Andrew Webb Chief Economist from Grant Thornton.
Expected tax cuts outlined in this year's 2024 Budget may mean well to offer relief from the cost-of-living crisis but what implications will this tax cut have on future generations?
Speaking to Emmet was the Co-Director of the Nevin Economic Research Institute, Tom McConnell.
As more details of Budget 2024 come to light ahead of today’s announcement, what do we know about how it's likely to affect your taxes?
To discuss further Emmet was joined this morning by Crona Clohisey from Chartered Accountants Ireland.
The Dublin stock exchange is supposed to be where large listed companies float their shares and allow Irish-based investors to establish their value. The Exchange is itself a business and makes money from those listings. But something is happening in the Dublin Stock Exchange - now known as Euronext Dublin.
Giant Irish companies like CRH and Smurfit Kappa are delisting and relisting in the much bigger US markets. Flutter could soon follow them and even Ryanair has threatened to do so as well. So is this the beginning of the end of the Dublin stock exchange?
Joining Joe on the show this morning was Daryl Byrne is the chief executive of Euronext Dublin.
We’re only a day away from the budget - Fianna Fail’s first in 13 years and this coalition’s 4th. Much of what will be announced has been flagged up in advance. Additional Children's allowance payments looked almost baked in. Billions will be stowed away for the next inevitable downturn and some sort of inducement for landlords to stay in the private rental sector also seems likely. But what will SMEs expect?
Neil Mcdonnell the Chief executive of ISME spoke to Joe this morning on the show.
Newstalk Business Editor Joe Lynam was joined by Aidan Donnelly from Davys stockbrokers for a look at today's business papers and markets.
Mairead Harbron, tax partner with PwC spoke to Joe about how tax’s may be effected after next week’s budget.
Today Joe spoke to Barry O'Sullivan, professor of computer science in UCC who became the first Irish person to receive the European Artificial Intelligence Association’s Distinguished Service Award this week.
It’s estimated text scams cost companies and consumers €300m last year. But how do the fraudsters target companies and what can be done?
Dermot Frost from IP Telecom joined Joe.
The north west of Ireland will need an economic stimulus of more than half a billion Euros to bring it up to the standards enjoyed by the southern and eastern parts of the country.
The northern and western regional assembly is calling for a new North West Citizens Assembly.
John Daly from the North West Regional Assembly joined Joe to discuss.
2012 was the last time that GDP did not grow in a calendar year, but according to the ESRI, 2023 will also see GDP shrink.
Associate Research Professor at the ESRI, Conor O'Toole spoke to Joe.
Raisin provides details of the best paying interest rates throughout the eurozone with the ability to apply there and then. They now have a million customers worldwide and €50bn of assets under management.
Katharina Lüth is the Chief Client Officer with Raisin and she spoke to Joe.
Enet is the wholesale broadband provider which emerged from the government’s regional connectivity programme. It now provides internet services to the likes of Sky and Vodafone and works alongside the National Broadband initiative with what are known as Metropolitan Area Networks.
Now it’s been bought by a US private equity group. Speaking to Joe this morning on the show was John Gilvarry the COO of Enet .
The latest rankings in terms of customer experience are out and as usual, pharmacies are the most trusted sector with the credit unions number one among the public. But the biggest loser in terms of what consumers felt was the state broadcaster RTE. it finished last among the 150 best-known brands in the land.
Cathy Summers from The CX Company spoke to Joe about these findings.
When you are buying a house, have you ever been gazumped? Has the deal ever fallen through due to legal wranglings and small print? Have you ever walked away from buying a house simply because it wasn’t at all as advertised?
All these things will hopefully be addressed when the new conveyancing law comes into force. Pat Davitt, chief executive of the Institute of Professional Auctioneers and Valuers (Ipav)
Before lockdowns, there were more than 20,000 homes for sale on the myhome.ie website. Now there are only 13,400. That lack of supply is keeping house prices high despite soaring interest rates.
The latest quarterly survey suggests that asking prices rose by 4.1% over the past year nationwide. It all comes as the property sector braces for the budget next week
Conall MacCoille is the author of the report from Myhome.ie and spoke to Newstalk Breakfast this morning.
A run through of some of the business stories today with Newstalk Business Editor Joe Lynam.
15 Years ago one of the most consequential decisions was taken by the then coalition government led by Brian Cowan. The Irish State would stand over all Irish banks - no matter how solvent they were. It would lead to Irish taxpayers taking on the debt of the fully insolvent Anglo-Irish bank and nationalising the entire banking sector. It also plunged the nation into its deepest-ever recession.
We take a look at the Bank Guarantee with Aidan Donnelly from Davys and also Brian Hayes is the chief executive of the BPFI - before that, he was a minister in the FG government from 2011 but at the time of the guarantee was a finance spokesperson for the opposition.
Much of the success of the German discount supermarkets lies of course in their lower prices. That’s why they now command between them a quarter of the Irish grocery market. But it’s not just price. Both companies no longer source most of their produce from Germany. They do so a lot closer to home.
Only this week Lidl signed a renewed and beefed-up deal with O’Briens Fine Food to supply cooked meat products such as ham and turkey. But will that push up the price for consumers? To chat about this and more with Joe was Kevin Duffy, Senior Buying Director for Lidl Ireland.
The PM Group is probably one of the biggest Irish companies that you've never heard of. Started in Tipperary the Project Management Group builds giant manufacturing facilities or research labs or even distilleries. They have grown globally under their chief executive Dave Murphy and they share their profits with their employees.
Dave Murphy is the chief executive of the PM Group in Ireland and he is this month's BPTM.
Our Business Person Of The Month is with thanks to Eversheds Sutherland.
In Ireland, if a large company abuses its position in the marketplace, the regulator still has to get a high court judge to punish that business and huge extra costs and delays to taxpayers. That changes today with the introduction of the Competition Act.
It means that if the consumer watchdog - the CCPC finds evidence of anti-competitive behaviour, it can act and punish wrongdoing directly. This matters in Ireland because we’re home to some of the biggest firms in the world.
Brian McHugh is the Chair of the CCPC joined Joe on the show this morning.
In half almost half of those who work in the private sector aren't saving much at all according to research from Bank of Ireland for Pensions Awareness Week. And even those who are saving for retirement, 67% say they're probably not saving enough.
Speaking to Joe this morning was Bernard Walsh the Head of Pensions and Investments at the Bank of Ireland.
Joe Lynam takes a run-through of some of the business stories featured in today's papers and websites.
The biggest search engine in the world - by a mile - wants to encourage SMEs to digitise their business and get online. To achieve that Google is providing companies with accessible courses, online webinars, and even some free advertising with them.
The initiative is called You're the Business and Cera Ward from Google Ireland joined Joe this morning with more details on the incentive.
Despite its relatively small size, Dublin is a fairly big Financial Centre i.e. a hub for banking and finance. Like all sectors, Financial services must do its bit to combat climate change and attract talent from all parts of society. And to that end, there’s a meeting today at the Depot of Foreign Affairs of financial centres that hope to agree on a set of rules for sustainable finance - including a new Gender Finance Charter
Speaking to Joe this morning was Marcos Neto, the Director of the United Nations Development Programme’s Sustainable Finance Hub.
Newstalk Business Editor Joe Lynma takes a look at today's business papers and websites.
Combilift is a Monaghan-based manufacturer of multi-directional forklifts. Thousands of warehouses and storage facilities are populated with Combilifts all over the world. Now the company is moving into the wind turbine space to catch the renewable energy wave sweeping the world.
Joining Joe this morning was Martin McVicar, Chief Executive of Combilift.
For decades trade between the Republic and Northern Ireland was modest, to put it mildly. Both jurisdictions tended to ship eastwards to Britain - rather than head north or south. But then the UK decided to quit the single market but left NI in it with unfettered access to the EU. It’s led to a surge in trade - reaching an all-time high of €12bn last year.
But this might only be the start - as Northern Ireland takes increasing advantage of the fact that it is in both large open markets. This will be discussed at a big conference on Wednesday in Dublin run by InterTradeIreland and Colin McCabrey is the Director of Trade with InterTradeIreland joined Joe ahead of the conference.
A look at today's business papers and websites with Newstalk's Business Editor Joe Lynam.
The credit union consumer sentiment index for September has been released and to discuss the findings was Austin Hughes Economist.
Leading Irish law firm Mason Hayes & Curran recently hosted their Energy Conference The Future of Energy Investment in Ireland. Journalist and author Simon Mundy was the keynote speaker and Simon joined Emmet on the show.
Lakeland Dairies are a cooperative of 3000 farmers mostly based in and around Monaghan. They produce millions of litres or milk and tonnes of dried milk products and now they've signed a new deal with Aldi to supply wet milk to roughly half the country
Tommy O’ Donaghue, Head of Consumer Foods at Lakeland Dairies spoke to Joe this morning about their new deal with Aldi.
The problem with renewable energy is that it’s unreliable, i.e. we don't know when the wind will blow for sure and when the sun might ever shine. The other issue facing the industry is storing renewable energy once you've generated it. Is the technology getting there when every household will be able to store its own energy and use it whenever they want and remove dependency on importing energy or using fossil fuels?
It’s an issue which will be discussed today at the Energy Storage Ireland’s annual conference. Speaking to Joe this morning was Bobby Smith is the boss of Energy Storage Ireland.
Vodafone took over from O2 as the main sponsor of the Irish national rugby team just in time to be on the famous green shirts for Ireland’s first-ever victory against the All Blacks in 2016 in Chicago. The team has since won 2 grand slams and is now ranked number one in the world. So it shouldn't come as a surprise that Vodafone is renewing its contract with the IRFU.
Sinead Bryan from Vodafone IRL joins Joe on the show this morning.
You may have seen adverts for the new electric car brand Polestar. Or perhaps you've seen their distinctive white container showrooms. They're certainly making an impact on the car market here. Polestar is owned by Volvo which itself is part of the Chinese Geely group.
Speaking to Joe on the show was Jonathan Goodman, Head of Polestar Ireland & UK
A look at today's business papers and websites with Newstalk Business Editor Joe Lynam.
Last week the cardboard and packaging giant Smurfit Kappa confirmed that it was merging with the Atlanta-based West Rock in a deal worth €10bn. It also told us that it would be delisting from the Dublin stock exchange in another blow to Euronext.
But what does the deal mean for the industry and is Smurfit tilting away from Europe and towards America? With more on this Joe spoke to Ken Bowles - the CFO of Smurfit Kappa.
Inflation is likely to remain stubbornly high, even next year, and any tax cuts and additional extraordinary supports for households in next month’s budget, could keep inflation higher for longer. That’s according to the Central Bank of Ireland in its quarterly report out today. Robert Kelly is the director of statistics at the Central Bank Of Ireland and Robert joined Joe this morning on the show.
A run-through of some of the business stories today with Newstalk Business Editor Joe Lynam.
From Schweppes to Orangina and from Jim Beam to Laphroaig whiskies, Suntory is one of the biggest food and beverage companies in the world. This morning Peter Harding, the Chief Executive of Suntory Europe, began by asking him about the drinks industry amid a cost of living crisis for many countries.
‘All in a Day's Work’ is a brand new campaign from the Local Enterprise Offices to encourage companies to adapt to the new fully digital world.
The LEOs have 3 strands to their training programmes, entitled Lean, Green, and Digital. Most of the supports are free and funded by Enterprise Ireland.
John Magee is the chair of the Network of LEOs joined Joe on the show this morning.
Bryan Habana is known for the dozens of tries he’s scored in the rugby world cups down the years but he is also the Co-Founder and Chief Client Officer at fintech firm Paymenow Group which is sweeping Africa. He’s also over in Ireland for the FinTechNation, hosted by Fintech & Payments Association Ireland (FPAI) and he joined Joe on the show this morning.
The media and advertising groups, WPP & Media Central have been polling almost 100 Senior Irish Marketing professionals to find out what makes the sector cheer or geer. Some CMOs think they should sit at board level while others complain of a relentless workload. They also worry about how best to promote their brands and thankfully radio is in the top 3 channels for advertising. Speaking to Joe this morning was Jonathan Conlon, COO of Group M.
A look at today's business papers and markets with Joe Lynam and Mike O’Sullivan from Unio Wealth Managers.
We’ve been told that AI will be all-pervasive and all over the place. That includes space now too. The AI company Ubotica Technologies has signed up with IBM to use its cloud system to send back data that Ubotica will be collecting in space. How that data will be used is unclear yet. But maybe Gavin Shorten from IBM can help? who joined Emmet on the show with more details on this.
Defined benefit pensions are also known as final salary schemes. They are the gold standard in retirement savings because they must pay a fixed generous sum based on your pay when you retire. They're also very expensive to fund because we’re all living much longer.
Many companies are hoping to offload their DB pension schemes and Irish life is one of the biggest customers
Shane O'Farrell, Irish Life Corporate Business spoke to Emmet this morning.
In the wake of the price cuts announced by energy suppliers earlier this month, almost two-thirds of Irish people (64pc) are calling for at least one more energy credit for everyone to be factored into the upcoming 2024 Budget.
Marian Ryan, Taxback.com consumer tax manager joined Emmet this morning on the show.
Cheaper insurance should help combat taxi shortages across the country so says Insuremytaxi.ie
Speaking to Emmet with more on this was Managing Director Jonathan Hehir.
Sustainable behaviours continue to be a priority for Irish consumers as almost 7 in 10 people in Ireland purchase sustainable products and the same number view climate change as an “emergency” that’s according to a new Deloitte survey
With more on the findings of the report, Emmet spoke to Glen Gillard, Partner and Head of Sustainability, Deloitte Ireland.
Strong jobs growth is expected across the financial services sector over the next three years. That's according to a new report carried out by Financial Services Ireland.
To discuss the topic in more detail was Director of Financial Services Ireland, Patricia Callan.
We all know there is a planning shortage of planners out there but now there’s a study on how much that lack of decision-making is actually costing.
DCU and Aldi commissioned research and have found that appeals concerning new supermarkets being built are delayed by up to 91 weeks or 20 months. This according to Aldi costs consumers €78,000 in total a month.
Anthony Foley Dublin City University's Professor Emeritus of Economics joined Joe on the show with more on this.
The price of newly built houses is rising far faster than those of older homes. That’s due to soaring input and materials costs as well as land prices. The Society of Chartered Surveyors wants a longer-term fix in the budget to drive down the prices of new homes. It also hates the idea of a concrete levy
Speaking to Joe this morning was Kevin Hollingsworth, Vice President of the SCSI .
There are increasing fears that there might be a major correction underway within Ireland’s office property sector. The consultants HWBC reckon that only 678,000 sq feet of office space was let out in the first half of this year whereas normally that figure would be roughly 1m sq ft.
So what happens now to rent prices? Speaking to Joe this morning Iain Sayer is the Managing Director of HWBC.
The Digital Markets Act is major EU legislation that hopes to prevent monopolistic behaviour by giant technology companies.
This week the first stage of the DMA came into force this week with the naming of the so-called Gatekeepers. These are the extremely large technology companies that the Commission says will have to police the Act. They include the usual suspects of Apple, Meta, Alphabet, and the TikTok owner Bytedance.
But will they change their behaviour to meet the new rules? To give some insight Joe spoke to Jeanne Kelly from Browne Jacobson.
The Personal Injury Assessment Board or PIAB has been with us for a few years and its aim is to cut the legal costs for personal injuries or so-called ‘slips and trips’ as well as slashing the exorbitant public liability insurance costs which Irish companies have to pay due to enormous payouts in the courts.
The next phase of the Personal Injury Resolution Board Act comes into force this week and the minister in charge of that is Dara Calleary TD, Minister of State for Trade Promotion, Digital and Company Regulation.
Have you ever shopped online, popped something in the basket but then changed your mind or were distracted and didn't complete the sale? Xtremepush specialises in ensuring that those customers get a suitable nudge to complete their purchases and also build brand loyalty.
They're an Irish CRM company called Xtremepush and they're rapidly expanding their business in the US and UK Tommy Kearns the Chief Executive of Xtremepush joined Joe this morning.
If you marvelled at some of the clothing and apparel you saw Lady Gaga wearing in the House of Gucci movie, then you would have been marvelling at the work of the Irish glove designer Paula Rowan which Lady Gaga wore.
Now Paula is about to see her gloves on sale in the luxury Manhattan store: Bergdorf Goodman and other key online luxury retailers.
Paula Rowan joined Joe this morning on the show.
Unemployment remains near record lows in Ireland and employers are screaming out for staff in all walks of life. That means that staff hold many of the cards when it comes to pay talks and requesting a rise in their salary.
That’s pushing up and keeping up inflation rates and a study from PWC says companies need to do more to retain staff because 1 in 5 are actively looking for new posts. For more on this Joe spoke to Laoise Mullane is the Director of People for PwC.
4 years ago the Fossil Fuel Divestment Act came into force. It meant that no Irish state entities could invest in companies involved in drilling for oil, coal, or gas. But a new report for the charity Action Aid says that investment continues and that Ireland is being used as a conduit to pump money into fossil fuel schemes in poorer nations.
Speaking to Joe this morning was Karol Balfe, ActionAid Ireland Chief executive
Workplace pensions start next year which should help thousands to save for their retirement. But research from the consumer watchdog the ccpc has found that 1 in 4 people can’t afford to save money for their pensions. And 1 in 10 people over 45 aren’t saving for retirement at all.
Grainne Griffin from the competition and consumer protection commission
Astonishingly, less than half of retailers in Ireland, have a shopping cart or buy online facility on their websites. Also only a fifth of retailers use ad tracking to follow whether the customers are responding to advertising or not. That’s all in the latest web health report from the domain people Dot.ie and retail excellence.
Oonagh McCutcheon, Chief Communications Officer at.IE joined Joe on the show this morning to discuss the findings of this report.
Do you remember when you used to argue with your mates about who won the 1976 All-Ireland final or who was at Number one in the week you were born?
No one does that any more thanks to a company which was founded 25 years ago. With her thoughts on the progeny of Google, we spoke to Newstalk Technology Correspondent, Jess Kelly
The BPTM this month knows how to marry sustainability with teaching and running a business. She took over the large suburban farm Airfield in Dundrum co Dublin this year, which had been run by 2 sisters for generations into a way to enjoy a meal that was mostly grown on that farm. It also demonstrates how real food is made and how to make a profit along the way too.
She’s Claire McEvilly from Airfield Estates in Dundrum and she’s our BPTM for August.
All with thanks to Eversheds Sutherland.
Catherine Day, used to run the EU civil service as its Secretary General of the European Commission between 2005 and 2015. She oversaw the accession of a dozen former communist nations into the bloc and managed the eurozone crises.
She’s now set to become the 2nd recipient of The Padraig Ó hUigin Award For Financial Services for her contributions to Ireland’s financial industry. Catherine spoke to Joe this morning on the show.
IBEC has made calls for more government spending on infrastructure and social investment to keep up with Cork’s growing population.
Speaking to Emmet this morning was Fergal O'Brien, Executive Director of Lobbying and Influence in IBEC.
Should we be worried about the health of the world's second-largest economy - China? It’s officially in deflation and interest rates are going down in order to stoke up a very weak economy that is facing a huge property crash thanks to a mountain of debt. If it plunges into recession it would almost certainly affect the rest of the world.
To discuss further Joe spoke to the former Goldman Sachs Strategic Adviser Jens Nordvig who now runs a think tank called Exante.
Almost 100,000 people have come to Ireland over the past year most of them fleeing the war in Ukraine. They also bring skills with them but may often need some sort of retraining in order to fill the glaring vacancies that many employers have in this economy.
The online marketplace giant eBay is working with the Irish Refugee Council to help with interview skills as well as providing more mundane items such as nappies and kids’ toys. Speaking to Joe this morning Siobhan Curtin is eBay Ireland’s Director.
Irish pyjama company, JimJams has announced a partnership with an Indian Social empowerment programme for women #ProjectThrive
Deirdre Adams, Founder of Irish Pyjama Company JimJams joined Jonathan this morning with more on the new partnership.
Over the weekend, the EU Digital Services Act came into force. The law is designed to curb potentially harmful practices carried out through online service providers and large social media platforms such as Amazon, TikTok, and Facebook.
With more details on this Jonathan spoke to Deirdre Clune, Fine Gael MEP.
There are a lot of Americans in town this weekend. Most of them are here for American football but a few are also here to take part in a big Cybersecurity Symposium starting today.
Attending the Symposium Prof Mitch Kajzer from the University of Notre Dame has carried out a specific initiative to train students to start combatting the swarm of cyber attacks that threaten companies and consumers with increasing regularity.
This week the Central Bank of Ireland admitted that some people had information held about them on the Central Credit Register for up to 3 months longer than it should have. It means that up to 20,000 people may have had an adverse credit rating which has underlined the importance of the CCR for all of us.
With more on this Joe was joined on the show by Denis Eustace from Progressive Financial Services.
An estimated 40,000 American tourists are set to land in Ireland this weekend just to see a game of football their kind of football. Notre Dame University takes on the US Navy in a spectacular match to be beamed all around the world. It’s a jamboree of sport but also promotion and expect a few business deals will be haggled between quarters.
Speaking to Joe this morning was Padraic O’Kane, Co-Founder and Director of the Aer Lingus College Football Classic.
The expansion of legal practices in Ireland over the past few years has been phenomenal. Much of it is due to the surge in investment here from global companies and some of it is down to Brexit and UK lawyers hoping to use Ireland as a springboard to continue selling services into the Single market.
Joe caught up with Alan Connell the managing partner of Eversheds Sutherland who is also the sponsor of our Business Person of the Month, and began by asking him what role Brexit was playing in the rising number of legal practitioners here.
A look at Thursday's business papers and websites with Newstalk Business Editor Joe Lynam.
With the budget 7 weeks away, expect the various sectors in the economy to start pushing for what they want to see in it. One of the first up is the Employment and Recruitment Federation which wants drastic action to tackle skills shortages and how much tax must be paid by those on average rather than high incomes.
Brendan McGinty, Managing Partner, Stratis Consulting as he penned the report for the Employment and Recruitment, Federation joined Joe this morning on the show.
Volkswagen, Virgin Media, Bank of Ireland, and even so-called Influencers were among the entities to have their knuckles rapped by the Advertising Standards Authority last month in its latest quarterly assessment of misleading or inaccurate adverts.
The advertising watchdog examined 13 individual cases and fully upheld 9 of them.
Speaking to Joe this morning on the show was Orla Twomey, Chief Executive of the ASAI.
We discuss 'August anxiety' or 'August blues' and why it arises as summer ends due to shorter days and colder weather with Stephaine Regan Clinical Psychotherapist, Media Contributor and Host of the podcast the ToughLove podcast.
We may grumble about the cost of living here in Ireland and moan about the weather and the lack of public transport but for jobseekers around the world, Ireland is the 3rd most popular country in the EU for searches. But is it only for the money?
Joining Joe this morning with more on this was Pawel Adrjan, Director of EMEA Economic Research at the Indeed.com website.
Some of the brightest minds in global engineering gather in Dublin this week for the CIRP assembly to discuss the biggest issues being worked on in labs all over the world including electric cars, 3D printing, robotics, and of course AI.
Speaking to Joe this morning Professor Edmond Harty is an innovator and entrepreneur with Innovalogix who previously worked in modernising the dairy sector.
Any company that physically manufactures stuff might be interested in a brand new course being offered by DCU alongside SETU which used to be Carlow IT. It’s called Advanced manufacturing industry 4.0 and students will learn virtually how to test materials and even produce them using 3D printing.
It’s an exciting new way of learning and you could end up with a Masters Equivalent qualification. Speaking to Joe this morning was David Culliton, Programme Director and Course Lead at SETU.
Electricity prices for most households almost doubled last year after energy prices spiked following the invasion of Ukraine. While wholesale prices have retreated back to almost normal levels, Irish consumers have not seen the benefit yet of lower prices. Perhaps competition is what the market needs.
Today sees the launch of Yuno Energy and Cathal Fay the chief executive of the company joined Joe on the show this morning.
A look at today's business papers and websites with Newstalk Business Editor Joe Lynam.
According to Eurostat, Ireland is officially the most expensive country in the EU. This probably won't shock those of you who’ve just returned from Spain or Portugal from your holidays. But is it that much more expensive than other places?
Uptin Saiidi is a renowned vlogger who travels around the world seeing how far $100 can get you in some of the world’s biggest cities. He was recently in Dublin and managed to eat, drink, and be entertained for that sum which is roughly €92. Uptin told Joe how he got on.
Earlier this week we spoke to the boss of Molson Coors the American brewing giant who was set to dispense with CVs for certain types of jobs. Instead, they would ask applicants to submit a video about themselves for jobs.
Is that helping people with less formal education or hindering those who might be shy and not great at selling themselves on video?
Mike McDonagh from Sigmar Recruitment joined Joe to discuss.
Breakfast Business has done some digging into the impact on the overall Irish economy if you were to strip out the Dublin economy from average incomes.
Including the capital, GDP per capita at current prices in 2020 in Ireland stood at €75,000. Remove Dublin from that equation and the number drops to €60,000. The number minus Dublin for GVA or Gross value added is even lower. It all shows that without the capital city, Ireland would be a significantly poorer place. But is that an unavoidable reality or something to be worked on?
Speaking to Joe this morning was Prof Jim Walsh, Professor Emeritus of Geography and a former Vice-President of Maynooth University. He recently published a book on income disparity between urban and rural dwellers.
As Ireland prepares for the rugby world cup next month, they are using new technology to enable it to review the tiniest of mistakes on the training ground in almost real-time. Ireland is the first rugby nation to use a pitchside mobile private network alongside drones to improve rucking, line-outs, passing etc.
Joe visited the National Sports Campus in Blanchardstown to see the new kit and met a few of the players.
There are many street food festivals springing up all over the country. They include the Big Grill festival in Dublin starting tomorrow, which is sponsored by the Franciscan Well brewery from Cork.
It’s one of the many international brands owned and distributed by the American brewing giant, Molson Coors, which also owns Miller and Coors beer. Laura Lee the head of Molson Coors here in Ireland spoke to Joe this morning.
30 years ago China was a mid-ranking emerging economy that posed no strategic threat to Europe or America. Today it’s the second-largest economy in the world and very much a military and economic rival to the West.
But since the pandemic, China’s economy hasn't been firing on all cylinders. It is officially deflating and the central bank has to slash interest rates to stoke up demand. There are also fears of a property crash under a mountain of debt.
Speaking to Joe on the issues facing China was Janet Mui from RBC Brewin Dolphin.
A look at today's business papers and websites with Joe Lyanm Newstalk's Business Editor.
Germany used to be known as the engine of Europe. One which often dragged other smaller economies upwards. But the engine is in need of service these days.
The economy is set to shrink this year and is already in a technical recession. Much of that lies in the mounting costs for 1 million Ukrainian refugees as well as the weakness of one of its export markets in Asia notably China. But some of the reasons are deeper and structural because Ireland exports €24 billion to Germany, it matters to us.
With more on this, Joe was joined by Derek Scally the Germany Correspondent for the Irish Times.
The importance of cloud computing cannot be overstressed. How many companies store their data locally on hard drives? How many people buy physical copies of whatever software they need? No, we mostly use the cloud for software as a service and easy access to customer data.
But what happens if the Cloud fails or is hacked and becomes inaccessible? A new survey found that three-quarters of IT leaders admit that a ‘cloud outage’ would be “catastrophic” for their business. It was carried out by the cloud computing business Auxilion and its founder and CEO is Philip Maguire.
We live and work in a knowledge economy where our skillset needs to be constantly updated. But a LinkedIn survey noted that “getting employees to make time for learning” was the number one barrier to upskilling.
Is Microlearning one of the solutions where we do plenty of small courses at a time that suits the employees rather than the boss?
Speaking to Joe this morning was Matteo Penzo the founder of Zick Learn which is an Irish-based microlearning platform.
Last week the Government published its latest AI strategy including investment in talent and the creation of proper regulation but what about companies? What should they do to ensure their staff isn't using AI to write reports, design logos and even interact with customers?
The Chartered Institute of Personnel and Development wants to set out rules of the road for HR managers to ensure that workers know what is expected of them. Mary Connaughton is the Director of the CIPD and discuss this further with Joe this morning.
Ireland has set itself a very tough target of having 80% of its energy mix from renewable sources by the end of this decade. To achieve that it needs lots of big new infrastructure including interconnectors with other countries.
One of the biggest is currently at the planning stage and will allow Britain and Ireland to share whatever surplus renewable energy they have with each other. Speaking to Joe this morning Simon Ludlam is the Chief Executive of the company that is going to lay that subsea cable called MaresConnect.
Apart from our own banks with their inglorious recent past, we know a lot about UK banks but very little about continental European banks. The biggest in Europe is BNP Paribas these days and this year it is celebrating 50 years here in Ireland.
But would the French bank ever be tempted into lending home loans or even credit cards here? All issues for Derek Kehoe, Chief Executive of BNP Paribas Ireland who joined Joe on the show this morning.
If you earn well, you have the luxury of placing your money with funds or wealth managers. You can also stipulate where you wish your money to be invested. But how do you square the circle of making money and doing the right thing - especially in a world of greenwashing and high returns from fossil fuel investments?
Paul Price is the chief executive of Haven Green Investment Managers and Chair of the Irish Association of Investment Managers.
A look at today's business papers and websites with Newstalk Business Editor Joe Lynam.
Yesterday the government set out its AI strategy and one of the key parts of it is to train up the AI experts of the future. Are our universities match fit and producing the right types of Graduates?
Gina Quin the President of the National College of Ireland spoke to Joe this morning.
9 months ago, there were very real fears that Ireland would be plunged into a recession amid soaring interest rates and energy costs. Both remain high but the Irish consumer appears to be a lot more resilient than we thought. According to MasterCard, people have spent more on experiences such as travel & entertainment than on apparel, jewellery, furniture, or electronics where sales have been contracting.
Natalia Lechmanova a senior economist at Mastercard explained their consumer spending findings.
Unless you’re literally off the grid, you’ll have noticed soaring energy costs. Many of us will be considering cutting our dependence on the electricity grid by getting some solar panels or a heat pump.
But according to research from Chadwicks, many of us are in the dark when it comes to how much we could get in grants or support from the Government through the SEAI system.
Speaking to Joe this morning Patrick Atkinson is the Chief Executive of Chadwicks Group which has set up a website to promote retrofitting of your property.
A look at today's business papers and websites with Newstalk Business Editor Joe Lynam.
As we know, global lockdowns had a huge impact on the economy. The shutdown meant that containers didn't move around and when they did they quadrupled in price due to a speedy reopening in trade. That also led to something called ‘nearshoring’ whereby importers wanted to have reliable producers closer to their main hub - even if that meant paying way more. And that in turn has kickstarted inflation issues with which we are only now emerging. So supply chains matter.
Amy Shortman is the Vice President of Product Marketing at the supply chain company Overhaul
For a small and very open island economy, airports are vital to the functioning of this place. Dublin airport is the most important access point in the country and is facing an order to curb flights after 10pm and before 7 am. Ryanair believes this could lead to major routes being cancelled and the DAA is appealing the decision by Fingal County Council to the courts.
But what does this tell us about the economics of running an airport? One person who knows more than most of us is Dr. Cathal Guiomard from Dublin City University Business School has co-authored a new book -called Airport Economics.
We’re taking out 25% more unsecured loans with banks than last year and we’ve spent a lot of that on buying new cars and home improvements. That’s despite soaring interest rates and stubbornly high inflation. It’s all good news for the banks of course and comes in the week that they posted astronomical profits.
Brian Hayes the Chief Executive of the Banking & Payments Federation joined Joe this morning on the show.
33 years ago the healthcare company ICON was formed in Dublin with a staff of 5. It’s still headquartered in Dublin but now has offices all over the world and employs almost 40,000. Last week it posted profits of over $800m. And yet for an Irish company worth $20bn, how much do we know about ICON?
Joining Joe this morning wasSteve Cutler is the Chief Executive of ICON.
A look at today's business papers and markets with Michael O'Sullivan from UNIO Capital.
We’re living longer and earning more on average than any previous generation. But when and how do you start planning for your retirement? According to the training company the Retirement Planning Council, many people get extreme wanderlust and want to travel to far-flung places once they leave full-time employment.
But will they have enough left over for their dotage once the trip to the Andes is done? Paul Kenny from the Retirement planning council joined Joe this morning to discuss further.
890 jobs are going at the consultants Accenture in Ireland. That’s on top of the 300 jobs announced only a few months ago. It’s all tied to a slowdown in employment in the technology sector especially the likes of Meta which use so many advisers.
So is this a one-off job cull or is there something more worrying going on in the services sector which is the lion's share of the Irish economy?
Speaking to Joe this morning Donal O’Donoghue who is the President of the Employment and Recruitment Federation.
In Jan this year, the EU’s Sustainable Finance Disclosures Regulation came into force. The idea is that financial services companies who sell so-called Green products which claim to invest in businesses that are low carbon, aren't in fact doing what they say on the tin.
Now the Compliance Institute says that fewer than one in three Irish companies meet these new rules. It all raises the idea of compliance and its rapidly growing importance for companies and the extra burden it places on them.
Michael Kavanagh the boss of the Compliance Institute joined Joe this morning on the show.
One of the biggest obstacles to building more homes is the lack of ready infrastructure i.e. the cabling, the sewers, as well as roads and bus stops. There’s a new company that advises on the provision of key infrastructure called HISCo and it was formed by a joint venture between the Irish Strategic Investment Fund alongside Cork County Council.
Only this week a new project was launched by the Tánaiste Micheál Martin in Ballyvolane in Cork city. Speaking to Joe this morning Niall Morrissey is the chief executive HISCo.
Every company these days has ambitious plans to slash their emissions and use of carbon. For some in heavy industry, it’s a really tough task. But for others, they’ll need the help of other firms to buy their reduced carbon quotient. This is where the Irish firm Silicate comes in.
To remove much of the carbon in concrete, they crush it up to tiny powder and give it to farmers to use in soil. That allows Silicate to create carbon creates which they then sell to other companies to meet their own targets.
Maurice Bryson is the founder of Silicate
Ireland’s manufacturing sector has been in the doldrums for a few months and that was confirmed again today with the AIB purchasing managers index registering yet another month of decline.
While that is in line with our European peers, strangely employment in the sector continues to grow. Manufacturing is dominated by the food and pharmaceutical sectors in Ireland and accounts for roughly 10% of Irish GDP.
Oliver Mangan the Chief Economist with AIB joined Joe this morning on the show.
Rafa Nadal was one of the greatest tennis players to have ever lifted a racket. He won 23 grand slam titles - including the French Open 14 times. Now he’s hoping to pass on his know-how to up-and-coming players and has set up his own mega academy in Menorca in Spain.
One Irish company has the marketing rights to this academy and it’s Trevor Twamley from Sports Endorse which also gets commercial gigs for plenty of well-known Irish sports stars.
Investment in property was down a whopping 47% in the second quarter in Ireland compared with the previous 3 months. In fact such is the collapse in commercial property that Irish property investment was the 2nd worst among 27 developed nations according to BNP Paribas Real estate.
Is this a reaction to soaring interest rates or is there something deeper and longer-lasting going on in the market? For more on this Joe spoke to John McCartney Director of Research for BNP Paribas Real Estate.
Joining Emmet Oliver this morning to run through the H1 results from Home Building Finance Ireland is their CEO, Dara Deering who talked us through the results.
For over 80 years, Irish Life Investment Managers (ILIM) have been working with clients to deliver investment solutions. Here to give us a mid-year investment outlook is Anthony McGuinness, Chief Investment Officer of ILIM...
A run-through of some of the business stories today with Emmet Oliver who was filling in for Joe Lynam Aidan Donnelly of Davys.
Unmanned aerial vehicles – or UAVs – as they are more commonly referred to, can aid in the inspection and maintenance of hydroelectric plants – so says ZenaDrone.
Business Development Manager Simon Henry joined Emmet Oliver on the show.
Champion Green is launching the go-to retail destination for 'Support Local' shopping this summer on Clarendon Street.
To tell us more about this Carina Galavan from Aviva Life and Pension joined Emmet Oliver on the show this morning.
The European Council has adopted new rules to combat pay discrimination and help close the gender pay gap in the EU.
Under the pay transparency directive, EU companies will be required to share information about how much they pay women and men for work of equal value and take action if their gender pay gap exceeds 5%.
Linda Hayes is a Partner at Lewis Silkin and joined Emmet Oliver on the show this morning.
Mortgage drawdowns have decreased 17% in volume and 12% in value in the space of a year. That’s just one of the findings in the Banking and Payment Federation’s Mortgage Drawdowns Report for Q2 2023.
Brian Haynes, CEO of the Banking and Payments Federation of Ireland joined Emmet Oliver on the show.
A run-through of some of the business stories today with Emmet Oliver who was filling in for Joe Lynam.
The food and drink sector has called on the Government to extend its energy support schemes for businesses as cost pressures linger. Jonathan McDade is the deputy director of Food Drink Ireland and joined Emmet Oliver on the show.
One company is aiming to reach net zero by 2024 and calls for the energy scheme to be extended. ‘Hitting net zero is hard work but anything worthwhile is’ - so says David Russell, chief executive of Elio Networks who joined Emmet Oliver on the show.
What started out with the simple need to provide a service for local people in and around Wexford town, now has 61 buses on the roads travelling not just from Wexford but also to Maynooth, Carlow, Wicklow, Waterford, and Dublin airport.
Brendan Crowley is the founder of Wexford Bus and he’s our July Businessperson of the Month.
All with thanks to Eversheds Sutherland.
As part of the government’s Housing for All strategy, The First Home Scheme was set up last year with a €400m war chest to get first-time buyers on the housing ladder.
Its first annual progress report is out this week and 2000 buyers have been approved with 500 of them already moved into their new place.
The scheme - like all things in housing - faces criticism that the government may in fact be pushing up house prices with this subsidy scheme
Michael Broderick, Chief executive of First Home
Earlier this month, the IDA revealed that the pace of inward investment had slowed compared to last year. The State’s inward investment agency said it had secured 139 investments in the first six months of the year - down 10pc on the same time the previous year. The number of jobs that could be created was also down 33% on the first half of last year.
It all shows that competition is hotting up from other European countries to get Foreign direct Investment. Joe caught up with the Chief executive of the IDA Michael Lohan and began by asking him about that competition
We all recall the winking paper clip which said ‘it looks as if you're composing an email’. And we all know that chatbots with your broadband provider rarely end up helping much.
But now an Irish company Viatel is launching a generative AI chat bot for Teams which will do a lot more than direct you to the website.
Speaking to Joe this morning Finian Nally Head of Microsoft Cloud Solutions with Viatel is with me now.
The owners of Centra and Supervalu supermarkets - Musgraves - say they’ve cut their carbon in both chains by 9% since last year and aim to slash their overall emissions by 46% by the end of the decade. They did it focussing on packaging and waste a lot as well as replacing all light fittings with low energy bulbs.
Owen Keogh, Musgrave Head of Sustainability joined Joe this morning on the show.
Earlier this week, Russia said it was tearing up the grain shipment deal which allowed Ukrainian grain to pass freely through the Black Sea and on to mostly poorer African nations that need it.
We ask how the war is affecting Ukraine as well as Russia economically as we pass the 500-day mark since it started.
Joining Joe on the show this morning is David Zaikin Co-Founder of the consultants - the Key Elements Group. Born in Ukraine, David is an experienced strategic advisor to a number of leading multinational brands and NGOs.
A run-through of some of the business stories today with Newstalk Business Editor Joe Lynam.
The good news for a news station like Newstalk is that the public appetite to stay up to date is as strong as ever according to the latest PTSB Reflecting Ireland study.
Even better news is that Radio and TV are the 2 most trusted sources for news. But there is a growing sense of distrust about the reliability of social media as a source of news. The research also found that worries about the economy have abated a little compared to last year.
Leontia Fannin the Head of Commercial Affairs with Permanent TSB Bank discusses the findings of the research.
The financial services provider and private equity the Apex Group is expanding its presence in Ireland by opening up a Limerick office to add to facilities in Dublin, Cork, Maynooth & Sligo. Apex is a global fund manager which started in Bermuda but has spread its wings to include current account management as well as ESG ratings.
Speaking to Joe this morning was John Bohan Country Head of Business Development at the Apex Group.
The serial entrepreneur Declan Ganley made his money in telecoms and has had business centuries in Albania, Russia, and the US. He was also briefly a politician, but his latest venture is in Space. He’s chair of the satellite company Rivada which hopes to match Elon Musk’s Starlink service.
Declan Ganley joined Joe this morning on the show.
Newstalk's Business Editor Joe Lynam takes a look at some of the main business stories in the business papers.
Just as consumers need to know the progeny of meat products before they buy in the supermarkets, companies in the construction and furniture business would also like to know where the timber they use comes from.
Now an Irish company is part of a consortium that has EU funding to trace wood products using data management and injecting a product into the cut wood.
Garret Mullooly is Operations Director with Treemetrics
Earlier this week the President signed the Courts & Civil Law Act which will change the onus of responsibility back towards the individual and away from businesses.
This act should drive down premiums and hopefully enable more big events which had been cancelled due to huge insurance costs. But will they?
Speaking to this morning was Moyagh Murdock is the chief executive of Insurance Ireland
Northern Ireland may be in a political vacuum but its economy is motoring on regardless. The body that represents the biggest employers in the North is publishing a new report today that lauds the progress in the economy there since the Protocol allowed Northern Ireland to benefit from unfettered access to the European Single market as well as the UK.
Glyn Roberts, the Chief Executive of Retail NI spoke to Joe this morning.
Only this week, tourism bosses urged the government to make it easier to recruit people in the hospitality sector from outside the EU.
Now there’s a new website which specialises in doing exactly that. It’s called Recruitroo and is backed by Enterprise Ireland and private equity. But should we be hiring people from overseas amid a housing crisis?
Speaking to Joe this morning was Shane Kiernan the Director of Recruitroo.
We all know how important skills are and we've spoken about skills shortages many times but how do you get the appropriate skills if you can't afford the time nor money to do a degree or a diploma?
One solution may be micro credits which are short courses in specific areas to beef up your CV. The Ministers for Enterprise and Higher Education will launch a new website today which aims to facilitate just these courses. It’s called microcreds.ie and Jools O’Connor from MicroCreds joined Joe this morning on the show.
There is a drastic shortage of planning experts in the public and private sectors. It won’t help that planning experts were not included in the initial round of skills shortages, which the Government is hoping to highlight.
Now the Irish Planning Institute says that almost 2/3 of public sector bodies say they have “significant shortages“ of experts and it is holding up the whole economy. Sean O’Leary a senior planner with the IPI from Cork gave Joe more details on these findings.
Irish pension funds manage €128 billion of retirement savings.
It’s a very important job and one which needs to weigh up risk versus reward for the savers. But it’s also a very profitable line of business for the big insurance companies who hold great power with their shareholdings in businesses all over the world. But are they exercising that power correctly?
Speaking to Joe on the show this morning was Jerry Moriarty the boss of the Irish Association of Pension Funds.
Large energy users such as Data centers of big manufacturing plants have a big challenge decarbonizing without losing vital supplies of electricity. For a start they need to rethink where they can get reliable renewable energy into their facilities.
This is what the US multinational UIG or the Utility Innovation Group does and today they’re announcing that they're buying the Irish energy consultants Enicity.
Alan McHugh is the boss of EniCity which is being taken over and joined Joe Lynam on the show this morning.
There was always a risk that the dream of doing our bit to protect the environment would come up against the cold hard reality of soaring energy bills and rising costs. Well, that’s been borne out by the latest AIB sustainability survey.
Only 4 in 10 of those polled said sustainability was important to them - the lowest in 4 years. A third said they were already cutting down on the number of flights they took.
Gerard O’Neill from Amarach Research conducted the study for AIB and joined Joe Lynam on the show.
A run-through of some of the business stories this morning with Newstalk Business Editor Joe Lynam.
The European Inventor Awards were held this week and Eimear O'Carroll alongside Rhona Togher won it for Ireland in the SME category.
They co-founded Lios which makes a brand new material designed to soak up sound and noise more effectively. Eimear joined Joe on the show.
This week we hear that corporation tax revenue rose by a whopping 20% in a single year as we head for another huge budget surplus. It all means that a year or so before a general election the Government will almost certainly be giving money back to taxpayers in the October Budget.
With more on this Joe spoke to Peter Vale is Tax Partner with Grant Thornton.
We all hate the constant stream of fake texts and fraudulent emails - purporting to be from An Post, eFlow, or a bank. For small companies, the threat can sometimes be worse because they get subjected to ransomware on top of that where fraudsters threaten to cripple the firm’s business if they don't pay a ransom.
Neil McDonnell the chief executive of the Irish small and medium-sized enterprises group ISME spoke to Joe this morning.
With the public finances in rude health, the Government agency charged with managing how much money we borrow the NTMA has said it will only go to the markets one more time this year.
Does this mean we don't need to borrow any money and do we have enough if the economic wind changes?
Joe was joined on the show this morning NTMA Chief Executive, Frank O’Connor, and began by asking him why Ireland won't be going to the money markets after Sept?
A run-through of some of the business stories this morning with Newstalk Business Editor Joe Lynam.
Last week the European Commission published plans to introduce a Digital Euro. In a way, it’s like having the same money with the same value but it will only exist in electronic form.
The Commission also said that it would be guaranteeing that Cash should be protected. To get the details on this, Joe was joined on the show by Mairead McGuinness the European commissioner for Financial Services.
The Government has a strict target for all newly leased buildings to reach a ‘near Zero’ energy rating by 2025. But according to research from Savills Ireland, only 2 of the 238 buildings leased by the government are A-rated and it signed leases only last year for almost 100,000 sq feet for C or D-rated properties.
It all means the State will have a mountain to climb to achieve its own targets for low-energy buildings. For more on this Joe was joined on the show by Orla Coyle is the Director of Sustainability with Savills Ireland.
Keelings flowers have only been around for almost a century but have grown rapidly since the mid-1990s and now produce 5 million bouquets a year. They’ve just today announced a major new 8500 sq metre facility in St Margarets in north Dublin which they claim will be the most sustainable of its kind in the country.
Steven Devoy the Business Unit Director for the Flowers at Keelings joined Joe this morning on the show to chat about their new investment.
We bought 19% more cars in the first half of the year compared to the same period last year. We bought 69% more electric cars in that period too but we still haven't reached the number of new cars registered in 2019.
Joining Joe this morning was Brian Cooke the Director General of the Society of the Irish Motoring Industry SIMI .
Last week the ESRI slashed its GDP forecasts for Ireland from 5% to 0.1% - a remarkable change. But today Davy Stockbrokers puts its neck on the line by sticking with its forecasts of 5.5% growth. It also suggests that house prices will grow in value by 1.5% this year
Conall MacCoille is the author of the report for Davys and joined Joe this morning on the show.
Cows and other farm animals produce about 14% of human-induced climate emissions mostly in the form of their farts and burps. In addition, it costs an average of €1500 to feed and raise a single cow per annum.
So apart from the principled reason of not wishing to eat animals, it’s making increasing sense to cut down on animal-derived products. Could seaweed be one of the solutions? One Irish company in Mullingar thinks so and is selling seaweed-based cat and dog food as well as soil supplements.
For more on this, Joe spoke to Ollie Greene the founder of Better Plants.
18 months ago interest rates on both sides of the Atlantic were effectively zero. Then inflation returned with a vengeance - reaching almost double digits for the first time in 4 decades.
The first major central bank to react was the Federal Reserve in the US and now it looks as if inflation is moving in the right direction. This morning Joe caught up with the President of the Atlanta Federal Reserve Raphael Bostic who is in Ireland as a guest of the Irish Association of Investment Managers.
Our winner this month is the Chief Executive of Meagher's Pharmacy Group, Oonagh O’Hagan. Originally from Tyrone, Oonagh worked in Meaghers pharmacy in Baggot St almost 30 years ago and decided to buy the business from the Meagher family. She kept the brand name and now has 9 pharmacies - mostly in Dublin.
But she’s transformed the business and created a video pharmacy consultation side as well as selling food supplements. Meaghers has been acknowledged as one of Ireland’s Best Workplaces in 2020 and 2021. And now she’s the Newstalk BPTM for June.
All with thanks to Eversheds Sutherland.
A run-through of some of the business stories today with Newstalk Business Editor Joe Lynam.
In early April it emerged that there had been a series of sexual harassment allegations made against senior management at the Confederation of British Industry. It’s then Director General Tony Danker from Northern Ireland was forced to stand down.
Then major British companies withdrew their memberships from the CBI and now its very future is under the microscope. One of its most vocal former presidents is also an Irishman: Paul Drechsler who spoke to Joe this morning.
The PM Group builds giant manufacturing facilities or research labs or even distilleries. They will say there’s hardly a big project they can't design and build. Its annual results are just out Revenues came in at €612m and operating profit was €44m.
Although headquartered here, the PM Group is rapidly expanding in the US where it hopes to gain from the massive green construction projects supported by the federal government.
Dave Murphy is the chief executive of the PM Group in Ireland spoke to Joe this morning on the show.
A major scandal is enveloping the consultants PwC in Australia. One of its senior partners left the firm and was doing paid work for the Australian federal government but he was also feeding highly secretive and valuable information back to old colleagues who used it to bid for lucrative contracts elsewhere. 20% of PWC total income came from government contracts and now it’s been forced to sell that business for the princely sum of AUS$1. The scandal is now shining a bright light on all the big auditing and consulting firms.
Speaking to Joe on the show this morning, Henry Belot is a correspondent with the Guardian newspaper in Australia.
Many schools break up for the summer this week and many families will head off somewhere nice straight away. But what if you had to change your plans after booking a lot of stuff.
According to the online insurance aggregators Peopl.ie, a third of travel insurance claims happen when customers have to change their travel plans and cancel.
With more on this, Joe spoke to Paul Walsh is the boss of Peopl.ie online insurance. aggregator
An astonishing 64.3% of all mortgages approved last month were for First time buyers. That means that only a third of mortgages granted go to people moving homes. It follows a 72% decline in switching or re-mortgaging over the past year.
What does that tell us about the health of the home loan market amid soaring interest rates? Speaking to Joe this morning was Brian Hayes the Chief Executive of the Banking & Payments Federation of Ireland.
Clare Island just off the mayo coast has a population of only 160 people. It’s pretty remote -even in the summertime and so the government is working alongside Cisco to deliver healthcare via drones.
But it’s not just drones dropping prescriptions. It’s also a much bigger tele-health project involving robots performing triage which aims to make the island one of the healthiest in Ireland.
Brian Jordan, Head of Innovation and Industry Solutions at Cisco Ireland
A run-through of some of the business stories today with Newstalk Business Editor Joe Lynam.
We’ve spent the whole weekend following the tidbits of information coming from within Russia without having a full grip on what’s going on.
One thing is clear: the Wagner group is posing the biggest ever threat to the nearly 23 years in power for Valdimir Putin. But what happens to Russia if Prigozin topples Putin and what might it mean for the global economy and the war in Ukraine?
Speaking to Joe on the show this morning was Ian Bond a former diplomat and now Director for foreign policy at the Centre for European Reform.
Ireland has one of the strictest defamation rules in Europe but reform might be on its way. That's one of the topics being dealt with today at a special conference for the legal profession. Also on the agenda will be GDPR rules and how to handle online abuse and disinformation.
Michael O'Doherty is a media law barrister and Vice-chair of the Law Society and joined Joe Lynam on Breakfast Business this morning.
7 years ago today the British electorate voted to quit the EU. They had been promised an easy and painless exit in which very little would change. The talks lasted years and were fraught.
The EU side was led by Michel Barnier and his handpicked team included Stefaan de Rynck who has a new book called: ‘Inside the Deal - how the EU got Brexit done’ about those Brexit negotiations. I caught up with him and began by asking about the solidarity shown by smaller states to the plight suddenly faced by Ireland...
Cities are not dead – but they are in trouble. That’s the message in a new book 'The Age of The City' from Tom Lee-Devlin who is The Economist’s global business correspondent and co-host of the Money Talks podcast on business. And the data seems to suggest that demand for urban offices might be waning as many of us get used to a new hybrid way of working.
Tom Lee-Devlin joined Joe Lynam on Breakfast Business this morning.
Narendra Modi meets Joe Biden today in Washington and it comes as India becomes the 5th largest economy in the world.
It surpassed China in terms of population last month. It’s passed out France and the UK as the 5th largest economy and there are now more than 60,000 Indian-born nationals working in Ireland. So what links does Ireland have with this emerging superpower?
Prashant Shukla is chairman of the Indian Irish Council and joined Joe Lynam on the show this morning.
Last year Financial Services Ireland established its Women in Finance Charter. The aim was clear: boost the number and the proportion of women in banking, insurance, and financial services. One year on, how has the industry fared?
Well one woman who has certainly succeeded is, Patricia Callan, Chief Executive of Financial Services Ireland who joined Joe Lynam on Breakfast Business.
Yesterday afternoon, the government agreed on a new Cybersecurity policy for Ireland. After the attack on the HSE two years ago, and the constant threat from agents operating freely within Russia, Ireland is often seen as the soft underbelly when it comes to cyber safety. What will the new policy be tough enough?
Ossian Smyth, Minister for Cybersecurity at the Department of the Environment joined Joe Lynam on the show this morning.
We’ve almost forgotten that most of the world’s aircraft were grounded for 2 years amid the pandemic. They're back in the skies and the cost of flights has soared as there simply aren't enough planes out there to meet demand.
It’s all great news for the biggest plane manufacturers in the world who gather this week for the Paris Air show to sell their wares. On top of that the war in Ukraine has led to a surge in demand for military aircraft.
Theo Leggett, BBC Business correspondent is at the Le Bourget for the Paris Air show and joined Joe Lynam on the show.
The good news is that we saw the most housing completion in the first quarter of any year since 2011. But the bad news for First-time buyers is that house prices are rising at an annual rate of almost double digits.
That’s according to the Housing Markets Monitor from the Banking & Payments Federation of Ireland. It also found that 74% of First-time buyer mortgages for given for self-built homes outside the cities in the South and Midwest of Ireland.
Anthony O’Brien head of the sector for Research & analysis with the Banking & Payments Federation of Ireland joined Joe Lynam on the show this morning.
The consultants Deloitte are marking their 150th anniversary in Cork today. And they’ll do so by announcing that they’ll double their presence in the rebel county.
The new jobs will mostly be in a new technology and analytics hub. It’s all part of a wider move by everyone to get ready for the changes that are coming under AI.
Harry Goddard, Chief Executive of Deloitte Ireland joined Joe Lynam on Breakfast Business this morning.
With the onset of much better weather last month, our spending adjusted accordingly. According to the AIB spend trend, we spent more on health & beauty as well as hardware in May. We also spent less on pubs, hotels and restaurants.
John Brennan is head of SME Banking at AIB and he joined Joe Lynam with the spending details.
On Wednesday evening it was confirmed that the European commission was bringing a very serious action against Google for anti competitive behaviour. The charges, if upheld, might even see the breakup of Google's advertising empire - especially when it comes to how adverts are placed online using instantaneous auction places called ad exchanges.
The Irishman who brought the American giant’s behaviour to the attention of the Commission is Dr. Johnny Ryan, a senior fellow at the Irish Council for Civil Liberties and he joined Joe this morning on the show.
According to the EY Renewable Energy Country Attractiveness Index, Ireland ranks, 13th out of 40 key countries in the world when it comes to attractiveness for renewable energy investment.
Much larger countries such as the US, Germany, and China topped the list. Should we be content or aim higher given our dependency on energy imports was exposed last year when Russia invaded Ukraine?
Stephen Prendiville, EY Ireland Head of Sustainability joined Joe this morning on the show.
The number of mortgages approved fell by nearly 14% last month compared to April. It’s down almost 10% year-on-year.
But first-time buyers now account for more than 60% of the mortgage market. What can we glean from this latest data from the Banking and Payments Federation?
Speaking to Joe this morning with more on this was Ali Ugar is the Chief economist with the Banking & Payments Federation.
If the world’s biggest companies are to go green then often it’s their shareholders that will force them to do so. And most giant companies are controlled to some extent by giant pension funds.
Legal & General is one of the largest fund managers worldwide and they have set a series of climate pledges. But have they been sticking to them even when returns might be far more lucrative with not-so-green industries such as oil and defence.
Stephen Beer, Senior Manager for sustainability and responsible investment with Legal & General Investment Management.
There has been a lot of talk about how disruptive or even dangerous AI - or artificial intelligence might be. One thing is for sure it will change how many of us work - even if we don't know how yet.
Eurofound is the EU based here in Ireland which carries out in-depth research into the workplace and has looked at what kind of jobs we will be doing a lot more or and a lot less in the near future.
Speaking to Joe with more on this was Ivailo Kalfin Executive Director of Eurofound - before that, he was Bulgaria’s Foreign Minister and Deputy Prime Minister.
This time last year, Europe was in the middle of a full-fledged energy crisis. Putin’s war had pushed up gas and oil prices and dragged up wholesale energy prices with them. Now the European Commission hopes to break the link between wholesale gas and electricity prices and push for far more energy independence for the continent.
Elisabetta Cornago Senior research fellow, EU energy and climate policy with the think tank: the Centre for European Reform spoke to Joie this morning on the show.
The Taoiseach as well as key ministers attended the National Economic Dialogue yesterday. Also, there were groups representing the trade union movement, environmental lobby groups as well as academia.
The purpose of the NEI is to frame ideas that might be included in the autumn Budget. Representing Business is Danny McCoy the Chief Executive of IBEC who spoke to Joe this morning.
There has been something of a regulatory clampdown on the cryptocurrency platforms of late. Sam Bankman Fried appears in court charged with fraud this week and last week the US watchdog - the SEC - launched a major probe into Binance.
But yet the adverts for all types of crypto products keep appearing in social media feeds - and the big platforms appear unable or unwilling to remove adverts that might be for totally bogus investments. Now the consumer advocates in Europe - BEUC - including the CAI here in Ireland have called on the European Commission to do something about it.
With more on this Joe was joined on the show by Agustin Reyna Director of Legal and Economic Affairs, from BEUC.
Last month we heard that the manufacturing sector continued its decline. While last week we heard that the services sector continued its accent. Today we heard from the constructions sector and thankfully it’s in positive territory.
John McCartney is the director of research at BNP Paribas real estate who has just published its latest report into the constructions sector.
It’s an old adage that business simply can't bear uncertainty. It’ll handle good times and bad, but lack of clarity is a big No No. Now a group of 60 major companies including Nestlé, Unilever and IKEA are calling for clarity in legal and regulatory terms when it comes to what they should expect when it comes to new laws to govern how the environment is treated. But amid such economic uncertainty and a possible recession in the US this year, is the environment still so important to companies who have a priority to break even or earn a profit?
Lucy Gaffney from Business for Biodiversity Ireland joined Joe Lynam on the show this morning.
SIRO is the joint venture between the ESB and Vodafone to roll out full fibre broadband throughout the country. Today marks the landmark installation of its 500,000th premises on that journey to high-speed broadband throughout the country.
John Keaney the chief executive of SIRO joined Joe in the studio this morning.
Yesterday afternoon the Central Bank of Ireland published its financial stability review in which they said that the Irish economy had been more resilient than expected in the face of soaring inflation and interest rates.
But it also warned that inflation was still a major issue and geopolitical risks could damage the global economy. And it talked about the risks of governments trying to undo the impact of higher borrowing costs. Joe Lynam caught up with the Governor of The Central Bank Gabriel Makhlouf and began by asking whether he had been surprised by this resilience of Irish households.
In a post-pandemic world, flexible or hybrid working is increasingly popular with services-based companies.
My next guest Viatel is offering a new 100:90:100 scheme which expects the same productivity from its staff but every second Friday off. Will it work?
Paul Rellis the chief executive of Viatel explained it all to Joe this morning on the show.
Have you heard of TCRP? - It's Google’s Trusted Copyright Removal Program and it’s at the heart of the search engine’s effort to prevent copyright theft and vital to musicians, performers, songwriters, photographers, and dozens of other creative people.
One Irish company - only created 2 years ago says it has a 100% success rate of hunting down and removing results containing cloned or ‘borrowed’ content and is working with the adult site Only Fans. Speaking to Joe this morning was Dan Purcell, Chief executive of Ceartas.
As well as the anchor of CNBC Martin Shanahan is also known for luring hundreds of major companies to these shores and is responsible for thousands of people being in jobs right now. He’s got a new job as a partner with Grant Thornton and Martin joined Joe in the studio this morning.
Staying with the theme of exports, the Middle East is still significantly behind Europe, North America and even Asia in terms of importance for Irish exporters.The former head of Emirates in Ireland and now chairman of the Arab-Irish Chamber of Commerce Enda Corneille knows a bit about the Arab world and thinks we should be doing a lot more business there. Enda spoke to Joe this morning on the show.
A run-through of some of the business stories today with Newstalk Business Editor Joe Lynam.
Only last week we were telling you about a worrying downward trend in Irish manufacturing. Today we bring much better news this time in the services sector which is the largest component of the Irish economy. Speaking to Joe was Oliver Mangan the AIB chief economist.
Ireland’s largest fuel supplier is Certa - they used to be known as EMO and they’re part of the Irish listed conglomerate DCC. They supply petrol forecourts but also homes with kerosene and other home heating products. But now they’re looking at the post fossil fuel world of the future and have snapped up Alternative Energy Ireland as part of that transition. Speaking to Joe this morning was Andrew Graham, the Managing Director, Certa Ireland.
The Bord Bia Bloom festival of food and gardening is underway in the Phoenix Park and will doubtless attract extra numbers as the sun shines all over the nation. Of course, it’s just as much about business as it is about the flowers and plants.There’s also a business breakfast this morning with hundreds more food service providers and that will be steered by Jim O’Toole the chief executive of Bord Bia who spoke to Joe this morning on the show.
How many discarded keyboards, mice, and clapped-out computer equipment does your company have lying in storage somewhere - waiting for some imaginary time when they’ll be used again? An Irish company Vyta is specialising in collecting and refurbishing eWaste and they’ve just announced a hiring spree to meet demand. Faye Thomas, CCO of Vyta joined Joe this morning on the show.
The US company Qualtrics said yesterday that it was making Dublin its head of business for EMEA. They specialise in something called Experience Management and they hope to add substantially more to the already 400 people employed in this country. Joining Joe this morning was Donnchadh Casey, the Chief commercial officer for Qualtrics.
From tomorrow in Europe, the unified patent system will come into force. It means that innovators can submit a single application in order to protect or defend their inventions. It does away with a hodge podge system where patents had to be filed in many jurisdictions. The minister responsible in this area is Neale Richmond - the Minister of State for Business, Employment & Retail
Last week the health minister signed off on plans to print enhanced health labels on every bottle of wine sold in Ireland. It means extra costs for some vineyards - especially smaller ones and might even mean they’ll stop selling in Ireland. That’s why some wine producers in Italy are taking a case to the World Trade Organisation and others are considering legal action for breaching the single market. Ignacio Renate is the Secretary General of the the Comité Européen des Entreprises Vins, which represents winemakers in Europe joined Joe Lynam live from Brussels.
A look at today's business papers and markets with Business Editor Joe Lynam who is coming live from Brussels this morning.
Sarah Quirke from Goodbody's stockbrokers joined Business Editor Joe Lynam to take a look at today's markets.
Europe is experiencing a hot war for the first time in decades, and it has rocked the politics and economics of the continent. Energy prices and inflation soared last year and have required governments to bail out companies and consumers. Inflation remains high though and the biggest country in the EU, Germany is officially in recession. Markus Breyer, the head of Business Europe, which represents the biggest companies in Europe joined Joe Lynam live from Brussels.
A look at today's business papers and markets with Business Editor Joe Lynam who is coming live from Brussels this morning.
This afternoon, a creative media studio and remote working hub, ‘The Studio Drinan’ will be launching in The Drinan Enterprise Centre in Swords! Joining Emmet this morning was the Centre Manager, Peter Finnegan.
The international ‘Circular Economy Hotspot’ 4-day event begins in Dublin today! The event, which runs until June 1st, promises to put Dublin on the circular economy map internationally, highlighting and celebrating ground-breaking circular economic initiatives in Dublin, with venues spanning from the Mansion House to Croke Park. Dr. Sarah Miller CEO, Rediscovery Centre joined Emmet this morning on the show.
Minister Simon Coveney will be officially opening H&MV Engineering’s new global HQ in Limerick, this afternoon, where the company will announce its five-year expansion plan. PJ Flanagan, H&MV Engineering’s CEO told Emmet about their plans.
Fáilte Ireland will be launching its regional strategies today! These are 5-year plans for each of our regional brands (Wild Atlantic Way, Ireland’s Ancient East, Dublin, and Ireland’s Hidden Heartlands) focusing on sustainable tourism development. To tell us more Emmet was joined by the Director of Regional Development with Fáilte Ireland, Paul Keeley.
Large multinationals and indigenous companies employing people through a programme it runs in Robotic Process Automation at Clare and Limerick ETB. To tell us more, Emmet was joined on the show by CEO of the School of Automation, Marc Cooper.
Gone are the days when companies used to give you a voucher to be spent in a very specific shop on very specific things. Our Business Person Of The Month makes prepaid cards that can be spent however you wish. He also makes a configurable credit card which is increasingly used by governments wishing support to vulnerable groups and has opened 100,000 accounts in Europe. Not bad for an Irish company. He’s Kealan Lennon from CleverCards and he’s our Business Person Of The Month for May.All with thanks to Eversheds Sutherland.
If you add up all the proceeds and earnings from global financial crime, it would make the fifth largest economy in the world – roughly the same size as the Indian or British economies. Included in financial crime these days, is the circumvention of the sanctions that were imposed on Russia and its oligarchs last year. But the Russians are getting clever about squirreling their money away. All themes for the ‘European Anti-Financial Crime Summit are being held in the RDS tomorrow and attending that will be Bradley Breslin, the Chief Delivery Officer with AML Right Source who spoke to Joe this morning.
Yesterday the Irish Data protection Commissioner imposed the biggest ever fine applied by any Watchdog relating to the transfer of personal data such as your name or email address outside the EU. Meta which owns whatsapp and Facebook has been ordered to pay a whopping €1.2 billion for breaching GDPR rules and it could have big ramifications for other technology companies that gather personal data. Sam Saarsteiner, is a Partner in Clark Hill and advises transatlantic and domestic clients on data protection matters and spoke to Joe this morning.
At the weekend Dublin airport said that it was considering charging lower landing fees for airlines with fewer emissions. Yesterday the boss of Ryanair Eddie Wilson welcomed that. But would that lower the cost of using the airport for consumers? Also as the mad summer flying season starts soon, is the biggest airport on this island ready after the hellish queues from a year ago Kenny Jacobs Chief executive of the DAA in post about 6 months now joined Joe on the show this morning.
Fresh from the biggest airplane order in European history, Ryanair has just published its full-year results for the financial year which ended in March. They show the Swords-based airline made a pretax profit of €1.5billion after it made a total revenue of €10.7billion. Ryanair said it created 300 new routes and that airfares were up 10% on pre-COVID levels. Eddie Wilson is the chief executive of Ryanair, DAC joined Joe on the show this morning.
Last week it was confirmed that instead of cutting our greenhouse gas emissions in Ireland, they actually went up last year. Now ahead of the Dublin City Sustainability Seminar tomorrow, there’s been a call to make the capital one of the most sustainable in Europe which many will agree will require a herculean effort considering where we are at the moment. To discuss further Joe spoke to Richard Guiney from Dublin Town
Last July oil prices reached $123 a barrel as Russia tried to use its energy as a financial weapon against Europe. It didn't work. Prices are now around $75 and the Russians are selling at below cost to India and China in a post-sanctions world. But we won't be in a post-carbon world for another few decades yet and so energy will continue to be central to the functioning of the world economy. Robert Maxwell an energy analyst with DNV consultants joined Joe this morning on the show.
We’ve looked at the redevelopment plans of Dublin port and how Cork port will be actually moving and freeing up acres of land in the nation’s second city. Another city doing that is the Port of Galway. Its rejuvenation plans also involve upping sticks and using the vacated land for new housing as well as public amenities. On top of that Galway port is responsible for some of the biggest onshore renewable energy management in the country. Conor O’Dowd the Chief executive of the Port of Galway spoke to Joe this morning on the show.
A look at today's business papers and markets with Dan Maroney from RBC Brewin Dolphin.
Today we’re gonna talk about the booming trade links between this country and Asia. Over the next 3 or so years, that trade might reach $100billion according to the Government. But trade flows and investment has been complicated by lockdowns and supply chain issues and perhaps even political problems too as America tries to force Europe to pick a side when it comes to the new Cold War with China. Martin Murray Executive Director of Asia Matters joined Joe this morning on the show.
There’s a new €100m fund that has promised to invest exclusively in Irish start and scale-up companies. Its first seed investor was Enterprise Ireland and the final closing investor to make up the fund is the Irish strategic investment fund. The aim is to create indigenous technology-enabled companies to compete with its global peers while providing tax incentives to private investors who back the fund. Speaking to Joe this morning was Alan Merriman the Founder of Elkstone.
We take a run through of some of the business stories today with Newstalk's Business Editor Joe Lynam.
During lockdown, there were many predictions of how the future of work might be in future. Many were surprised and disappointed that some company bosses demanded that all their employees be seen back in the office once all restrictions were lifted last year. But others usually in white-collar sectors- saw hybrid working as a way of retaining their highly prized and highly mobile staff. One Irish software company thinks the future will definitely be hybrid and they're hiring more people to cater to that need. They're called Capella and its founder is Criona Turley who joined Joe this morning on the show.
Massive reform and EU membership have brought Czechia and Poland to the average for European national incomes and now they are huge potential markets for Irish companies.That’s why the government and Enterprise Ireland are over there today touting the wares of a slew of well-known companies including Smurfit, Kingspan, and ICON. Joe spoke to Dara Calleary - the Minister for Trade Promotion, Digital, and Company Regulation about the types of sectors that Irish companies were hoping to grow in both of those nations.
Newstalk Business Editor Joe Lynam takes a look at today's business papers and markets.
The BER or Building Energy Rating of a home has become almost as important for house hunters as the price and location of their new home. But a survey for Savills has found that homeowners are far more preoccupied with getting lower electricity bills than the environmental benefits of improving their house’s BER by retrofitting it Orla Coyle, Head of ESG with Savills Ireland discussed the findings of this survey.
Even after a slew of big announcements of foreign companies investing in Ireland, yesterday’s commitment by Analog Devices to a new manufacturing facility and R&D centre worth €630m certainly stands out.Having been in Limerick for almost 50 years, it’s the kind of vote of confidence from a highly mobile technology firm that will be welcomed in the Mid West.Speaking to Joe this morning on the show Martin Cotter, President for EMEA at Analog Devices.
Two-thirds of companies in Ireland are family run and thankfully they appear to have weathered lockdowns and last year’s energy price spike. 84% of family-run businesses said they grew last year compared to 71% globally according to a survey from PwC. But those family companies are in less of a rush to cut their carbon footprint, improve diversity as well as go fully digital. Speaking to Joe this morning was Mairead Harbron Partner with PwC family.
It’s 2 years since the cyber attack on the HSE which crippled the healthcare system in Ireland and embarrassed the sector and the government. Joining Joe in the studio this morning was Richard Staynings the Chief Security Strategist for Cylera and Lecturer in cybersecurity and healthcare management at the University of Denver advises national healthcare systems all around the world and is an expert on the Internet of Things in this space.
Despite an energy shock last night which drove up prices for companies and consumers, Ireland's economy seems to be firing on all cylinders - no more so than in the luxury and branded sector. The Kilkenny design stores have posted their annual results and sales are up 15% in the first quarter compared with the previous year. Speaking to Joe on the show this morning was Jenny Johnston, their Head of Marketing with Kilkenny Centre
On the surface, the Irish economy is doing very well. Foreign direct investment was up 17% last year while the rest of Europe was flat. Unemployment is down to 3.9% and wages are growing. But are we at an inflection point? Is climate risk already priced in? Is the enormous upheaval that could be caused by artificial intelligence accounted for? All issues for Harry Goddard - Chief executive of Deloitte IRL who joined Joe this morning on the show.
Aidan Donnelly brings us the latest from the money markets this morning with Business Editor Joe Lynam.
Ireland’s attractiveness for foreign direct investment was highlighted once again in a new Europe-wide survey from EY. It’s found that FDI was up 1% in Europe last year but rose by a staggering 21% in Ireland in that time. Furthermore, more than half of the projects being started by international companies were outside the capital which included technology, professional services and medical devices Feargal de Freine, Assurance Partner at EY Ireland spoke to Joe on the findings of this report.
Since the start of the war last year, Russia has faced sanctions and economic ostracization from Europe and North America never before seen by any nation. The EU has surprised many observers by mostly singing from the same hymn sheet in its clampdown on Russian companies, individuals, and resources.The EU created a special envoy to monitor those sanctions and it’s the Irishman David O’Sullivan.
At a recent event called Food For Thought, Newstalk Business Editor Joe Lynam discussed all things related to the restaurant and food truck business with the celebrity chef Paul Flynn. Food for thought, was in conjunction with Square, everything your business needs… Almost.
Just over a week ago Lidl announced that it was cutting the price of fresh milk. They were almost immediately followed by other big supermarkets and consumers were briefly the winners for once. But prices have not been retreating as fast as they went up last year when inflation soared to double digits. And today the big grocers will have to explain why not to the Retail Minister Neale Richmond. One group that does not want to see prices fall is farmers and Tim Cullinane is the President of the Irish Farmers Association who spoke to Joe this morning.
We all know that most airlines never pay the full list price for their airplanes but even at a substantial discount, Ryanair’s order for 150 new Boeing 737 Max 10 aircraft could amount to a total bill for the Irish airline of at least $20bn. Joe caught up with the chief executive Eddie Wilson and began by asking him why he was buying so many planes.
Last Friday, we brought you the good news of a major €300 million investment from the American med-tech company Dexcom in East Galway. They make devices for people who suffer from diabetes that can constantly measure blood glucose levels and make life much easier for patients. Joe caught up with Adrian Furey - Head of Dexcom Ireland.
Ireland is predominantly a services economy that depends heavily on reliable and fast broadband. Getting fixed-line wired fibre takes time for companies and so increasingly they are looking to get speedy wireless internet to their workplaces. But is that enough? Speaking to Joe was David Russel Chief Executive with Elio Networks formerly known as Host Ireland - which provides wired and wireless services to businesses in Irish cities.
Some of the big pension providers have expressed concerns about how the state scheme is being structured and none are bigger than Irish Life and Oisín O’Shaughnessy is the Managing Director of Irish Life Corporate Business
We have one of the highest 3rd-level educated workforces in Europe but on-the-job training and retooling of our human resources is vital. Coincidentally this year is the European year of skills and some of our EU neighbours will be hoping to steal some ideas from our guest Paul Healy - the Chief Executive of Skillnet Ireland .
‘Tallaght man retires’ is not often a headline that moves the markets and gets headlines all over the world but that’s what happened this week when Alan Joyce said he was to retire from the top job at Qantas Airways in Australia - after 15 years as chief executive. He’s worked through a major financial crisis, a pandemic, and the vagaries of air travel including pressures from environmental and political lobby groups. But he’s never stopped being a proud Irishman. Alan Joyce, Chief executive of Qantas Airways joined Joe on the show this morning.
Banks are in business to make money and are loath to pass up an opportunity to do so when it comes to mortgage lending. Yet according to the latest Bank of Ireland ESG report, so-called ‘green mortgages’ accounted for roughly half of all mortgage lending last year. The bank also says that it’s lending almost €2bn to companies with strong sustainability credentials Eamonn Hughes, Chief Sustainability & Investor Relations Officer at Bank of Ireland Group
Shein is a global clothing behemoth from China. Although it flatly denies it, a group of American congressmen and women have called for Shein to be investigated over claims of forced labour in the Xinjiang region of China.The whole issue has placed the sourcing of our wardrobes and ethical buying in question. Speaking to Joe this morning was Jake Posner from the Sustainable Fashion brand No One True Anything.
The services sector in Ireland includes everything from Accountants to IT specialists as well as pubs and restaurants.It’s a very important part of the Irish economy, and according to the latest measure of the AIB purchasing managers index, Services are booming with a value of 58 last month. Oliver Mangan is the chief economist with AIB
The government and many experts have trumpeted the potential for renewable energy from Ireland’s wind and waves, which are of course in abundance. But in regional terms, Ireland lags considerably behind many of its European rivals. Kevin Thompstone wrote a key report on this for the Atlantic Economic Corridor and is a board member of the Shannon Chamber of Commerce.
The real deal event for small and medium-sized companies starts tomorrow in Goffs County Kildare. Entrepreneurs will hear motivational speeches from successful businessmen and women. So what is the mood out there among small firms? Stuart Fitzgerald from the Real Deal event which starts tomorrow in Dublin
How many times have you cursed the bank that you’re dealing with but also resigned yourself from the fact that you have no other choice than to deal with commercial banks? Well, change is potentially on its way. Many of the world’s biggest central banks are thinking about creating a way of bypassing commercial banks and enabling companies to do their banking directly with the central banks. Haydn Jones is a managing director in the Data Insights and Forensics at Kroll
Circle K is a well-known retail brand in Ireland, and in every county in the country with more than 2000 staff. You would need a fair amount of experience and ability to be a director of the company and our next guest is still in his 30s but has earned the accolade of Newstalk business person of the month. Paul Dixon Director of Retail Sales and Operations at Circle K Ireland and is our Newstalk BPTM for April.All with thanks to Everlsheds Sutherland.
We often talk on this program about Ireland’s excellent trading relationships with the United States, Germany, and even post-Brexit Britain. But we often neglect our fourth biggest trading partner in terms of exports, Belgium. we exported €17 billion to Belgium last year, but we only imported two .2 billion from them. Joining Joe this morning on the show was Her Excellency Mrs. Karen Van Vlierberge - the Belgian Ambassador to Ireland.
Joe Lynam takes a look at this morning's markets and business news with Aidan Donnelly from Davys.
According to the Central Bank of Ireland data this week, the average legal fees for claims using the personal injury assessment Board were just over €1000 whereas the average legal fees if the matter is brought before the courts known as litigation were €18,000. It’s all important because insurance premiums cannot fall without some controls placed on big payouts in the courts according to the insurance industry. Speaking to Joe with more on this Stuart Gilhooley from HJ Ward personal injury solicitors joins me now.
The number of vacancies in the Irish jobs market has dipped a little. It’s not a downturn but it may signify that the economy is not running as hot as it was a few months ago. Also the number of jobs advertised as ‘fully remote’ has fallen now for 3 quarters in a row which may signify that the lockdown market for working from home is softening. Sam McIlveen, Managing Director of StepStone Ireland, the parent company of IrishJobs who carried out the research discussed the findings with Joe this morning.
The Irish Management Institute (IMI) has been training managers for 61 years and is now affiliated with University College Cork. It’s launching a new Senior Executive Experience (SEE) programme and has conducted a survey about the wants and needs of the companies of the future.To tell us more about the programme was Shane O’Sullivan, Interim Chief Executive at the IMI.
Last November, the EU pass legislation called the Digital Services Act which applied new stricter controls on all content published in Europe by the big tech giants - aimed at preventing abuse, harm and misselling. Now in the next stage of the DSA, the Digital services Commissioner Thierry Breton has ‘designated’ or published guidelines for big Technology. So for example, the algorithms, which decide what we see and read on those sites, will be inspected by the Commission’s own in-house experts at the EU’s new Centre for Algorithmic Transparency. Johannes Bahrke works for the European Commission in this area and joined Joe on the show this morning.
The annual review of food production and farming in this country has been published by Teagaisc and Chartered Surveyors. As you can imagine the invasion of Ukraine played a huge role on fertilizer and energy prices. The price of farmland was also up but by less than domestic property. So what does it all mean for food producers this year? Edward Mc Auley, Director of Practice & Policy for the Society of Chartered Surveyors Ireland spoke to Joe on the show this morning on the findings of the report.
Private equity is the catch-all description for when wealthy individuals usually with experience take stakes in private or listed companies. They often use their stakes to turn businesses around or simply improve them in order to sell their holdings for a profit. The lawyers Taylor Wessing has assessed the Irish private equity market and found that there was a flight to quality and less risky companies last year. Speaking to Joe this morning was Adam Griffiths who is an M&A partner at Taylor Wessing and head of its Dublin office.
Ballygowan is Ireland’s best-known indigenous water brand and is bottled in Newcastle Co Limerick. Up to now that plant has run on energy from a variety of sources most of which used fossil fuels. That’s about to change. Britvik which owns Ballygowan, has signed a deal with Flogas to use only renewable energy from a wind farm in neighbouring Co Galway. Speaking to Joe this morning on the show was Sian Young, Director of Sustainable Business at Britvic Ireland.
20 years ago, the supermarket chain Lidl had less than one percent of the Irish grocery market. Now it has 13%. It’s growing at such a pace that it has built one of the biggest warehousing and distribution centres on the island of Ireland in Mullingar. That facility is nine times the size of the Aviva Stadium, and now it has put solar panels on the roof to supply 20% of its sizable energy requirements. Alan Barry, Chief Development Officer at Lidl Ireland
The annual conference for the Irish League of credit unions takes place this weekend and one of the major themes of the get-together will be consumer protections but also increased competition in the world of financial services David Malone Chief Executive of the Irish League of Credit Unions spoke to Joe on the show this morning ahead of the conference.
Fake adverts, bogus claims, and even fraud On or Offline all come under the microscope of the Advertising Standards Authority of Ireland. But there are so many adverts out there that the ASAI don't have enough human eyeballs to monitor them. Now they’re using AI and software to scour the web for breaches. To explain how and why they are doing it this way, Joe spoke to Orla Twomey - the Chief Executive of the Advertising Standards Authority of Ireland.
The budget retailer Penneys - known as Primark in the UK - has launched its first ‘Pulse of the Nation' Index to gauge consumer behaviour here in Ireland.Gerard O’Neill is the chair of Amarach Research which carried out the study for Penney's and Gerard joined Joe on the show to discuss some of the findings of this report.
What started life as a restaurant and family business in East Cork has developed into a big international business for Ballymaloe Foods. From pasta sauces to mayonnaise to meat sauces and its famous relishes, Ballymaloe can now add a further accolade to the trophy cabinet. Its relish has won the much-coveted Snacking d’Or award.Speaking to Joe this morning on the show was Maxine Hyde the General Manager of Ballymaloe Foods.
The logistics and industrial property market include distribution, warehouses, and all manner of industrial space used by companies. The latest report from Savile’s suggests that the Dublin market is still very strong despite soaring interest rates and inflation concerns. However, margins have been squeezed. To discuss the findings of the report Joe spoke to Jarlath Lynn, Director of Industrial and Logistics with Savills Ireland.
There are 70,000 Brazilians living here and incredibly 1300 Brazilian-owned companies here. They've now set up a Brazil-Ireland chamber of commerce to help bring both nations together economically.Speaking to Joe on the show this morning was Fernanda Hermanson the President of the Brazil-Ireland Chamber of Commerce.
The Irish offshore, wind, energy aspirations are certainly ambitious, but without the physical infrastructure to create that renewable energy and transport it around the country and overseas, those targets and goals will be meaningless.A report out today, says that investment in the sector is hampered by inflation and rising interest rates, as well as the lack of infrastructure and Irish ports to support floating wind turbines. Paul Doherty from Gavin & Doherty GeoSolutions is the author of the study and Paul spoke to Joe with more on these findings of the report.
This time yesterday we were speaking about Bank Of Ireland apologising for a blunder that has impacted 35,000 new customers who had their mortgages with the now departed KBC bank. The issue has highlighted the importance of the central credit register and how it affects whether or not you can get a loan if there are any gaps in that Registry. To discuss this further Joe was joined on the show by Charlie Weston Personal Finance Editor at the Irish Independent.
EY – formerly known as Ernst & Young is the biggest professional services company on the island of Ireland. But their sister organisation in Germany is now banned from auditing listed companies after the Wirecard scandal.Joe caught up with the Head of EY in Ireland, Frank O’Keefe, and we discussed a whole host of things - including the proposed breakup of the company.
Some people have accused the aviation leasing industry of creating very little local value here in Ireland and using our tax status to create giant companies which employ very few people.But a new report out today from PWC says that the aviation leasing industry in Ireland contributes €900 million to the economy and is responsible for 8000 jobs. Joe Conboy, Partner, PwC Ireland Aviation Finance Practice joined Joe on the show this morning.
Agriculture could play a key part in decarbonising the aviation sector by making jet fuel from slurry. A new study aims to demonstrate the feasibility of constructing a sustainable aviation fuel production plant in Ireland. To tell us more Emmet spoke to Stephen Robb, Sustainability Editor of the Irish Farmers Journal.
Bank of Ireland is warning about an escalating wave of fraudulent text messages, with fraudsters pretending to be motorway operator. Paul O’Brien, Bank of Ireland Security Group joined Emmet Oliver who was standing in for Joe Lynam this morning.
The public mood towards the economy is improving. That’s according to new research from Permanent TSB. Emmet Oliver standing in for Joe Lynam was joined by Permanent TSB, whose Head of Corporate Affairs Leontia Fanning
Emmet Oliver who was standing in for Joe Lynam took a look at today's main business stories with Eugene Kiernan, Independent Market Strategist.
Uber has announced a new feature that will allow customers pre-order a taxi on its service. Kieran Harte, General Manager of Uber in Ireland spoke to Newstalk's Technology Correspondent, Jess Kelly about the new offering.
on working into retirement. Over half of the people over the age of 50 plan on working into retirement That’s according to new research by the Retirement Council of Ireland, and for more on this, we’ve joined Paul Kenny, who’s Programme Leader at the Retirement Council of Ireland and former Pensions Ombudsman.
Oil spiked last summer at around $123 per barrel after Russia’s invasion of Ukraine and its attempt to use energy as an economic weapon. It’s since fallen back quite a bit and stood at $75 last month. Now the plates are back up in the air after the OPEC+ cartel said it would slash oil production by 1 million barrels per day in order to push up prices. Robert Maxwell - Oil analyst joined Joe this morning.
There was a time when big energy companies made their money by finding and burning fossil fuels. Well, those days are coming slowly to an end. And EDF - formerly known as Electricite de France is in the renewables business as well. Now they have switched up 3 solar farms in Ireland in the sunny southeast Speaking to Joe this morning on the show was Jenny Howard from EDF Renewables IRL.
Although Europe has few global technology companies, innovation abounds here. In fact, the number of patent protections filed in the EU was up last year - despite an oil and inflation shock. Worryingly though it was mostly Chinese and American companies that filed for patents here in Europe with Germany being the biggest country for patents in Europe. Aidan Kendrick, Chief Business Analyst at the European Patent Office joined Joe Lynam on the show.
Last week Elon Musk warned that we might be sleepwalking into a world of artificial intelligence where much human thinking will be removed and made by software or computers. It painted a dystopian future, not unlike the Terminator movies. But was it overdone and hysterical or a pen portrait of the future? Alan Holland, CEO & Founder of Keelvar joined Joe Lynam on the show this morning.
Joe Lynam takes a look at some of the business stories in today's business newspapers and websites.
A few weeks ago, this programme highlighted the fact that some insurance companies in Ireland were refusing to provide life cover to some cancer survivors but also to those dealing with mental health and weight problems. The issue has prompted a rethink by the insurance industry at least towards cancer victims, and I’m glad to say that I’m joined by Moyagh Murdock who is the chief executive of Insurance Ireland.
This time last year, the housing market in Ireland was red-hot with prices rising year-on-year well into the teens. But according to the latest myhome.ie survey asking prices have fallen for three consecutive quarters. On top of that houses are being sold for just one percent above asking price versus 6% this time last year. Are we looking at the start of a notable correction or is this just the market finding its right equilibrium? Conall MacCoille from Davys is the author of the myHome.ie house price survey and joined Joe Lynam on the show this morning.
It’s the last Friday of the month and that means we have a winner of the Newstalk Business Person Of The Month. Our winner has been in the beauty business for more than a decade and established her bestselling makeup kit just before lockdowns. Within a year she was selling into Walmart and thousands of American supermarkets and then supply chain issues created major problems, but she overcame them and now is selling the only Irish make up product in the United Arab Emirates including Dubai. Her name is Marissa Carter and she is the founder and boss of Carter beauty and Newstalk BPTM for March. Business Person of the Month on Newstalk, with Eversheds Sutherland – Ireland’s largest and most established global law firm
For many years smaller companies have long complained that the public procurement process for big government contracts has been loaded in favour of much larger businesses with the bidding manpower. Now a consultation from the Govt launched this week aims to tilt that balance back toward SMEs. Speaking to Joe this morning Ross McCarthy Managing Director, Keystone Procurement and ISME National Council Member.
Soon job adverts must publish the salary ranges when looking for new staff. That could be a boon for women who even today still get paid less than men in some sectors. In reaction to this Joe spoke to Geraldine King, CEO of the Employment and Recruitment Federation.
Inflation will remain higher for longer but domestic demand will remain robust this year. They are just 2 of the findings in the latest quarterly estimates from the respected think tank - the ESRI. Speaking to Joe this morning was Conor O’Toole Associate Research Professor at the Economic and Social Research Institute.
After a shock to the system among small companies last Autumn as energy prices soared, optimism has returned to the SME sector. That’s according to the latest Linked Finance SME Confidence Index which recorded a reading of 60. Anything above 50 denotes growth. Niall O’Grady, CEO of the peer-to-peer lending platform Linked Finance spoke to Joe this morning with this reaction to these findings.
It’s been more than a year since the toughest and most unified sanctions ever were applied to Russia by the EU and Nato sanctions that have also impacted European business. The Russians say that their economy has been barely unaffected, while the EU says they are having a devastating impact. Who is correct? Ian Bond is a former British diplomat in Moscow, and is now the director of foreign policy at the Centre for European Reform joined Joe this morning.
It’s been a fortnight of turmoil for banks around the world. Four of them have collapsed or been swallowed up by a rival bank and there are now worries that those that remain might rein in their lending to companies and consumers. Some even fear we might be back to where we were in 2008. Speaking to Joe this morning on Business Breakfast was Brian Hayes the Chief Executive of the Banking and Payments Federation Ireland.
For many of us, our eyes glaze over when it comes to our pension - even if it’s gonna be quite a few years before we draw it down. The same could be said for healthcare benefits from your employer. Many don't know how we can access them and don't even use their services. This is where the Irish start-up Yonder comes in. It is a new platform to enable employees to make changes to their pension savings online as well as deal with healthcare issues. And they've just signed a deal with Irish Life to do exactly that. Luke Mackey, Co-Founder, and Chief Executive of Yonder joined Joe this morning on Breakfast Business.
The technology sector has been rocked by wave after wave of job cuts - having hired too many people during lockdowns. So what is the mood out there among tech entrepreneurs in Ireland and how will they get funding amid rising interest rates and a more cautious market? They are among the themes which will doubtless be discussed at the Deeptech fest which starts in Cork today and Eshna Gogia the Programme Manager at the Republic of Work, where the event will be held spoke to Joe this morning ahead of the event.
March has been one helluva month for Ireland and Irishness. We had St Patrick's Day, a record number of people in employment, soaring DP, a slew of winners at Cheltenham, winning a Grand slam and we even had the Guaranteed Irish awards. Not bad for a small nation. Joining Joe this morning was Brid O’Connell the Chief executive of GuaranteedIrish.
The regular consumer sentiment survey is out from the Credit Union. The good news is consumers are more confident than pessimistic and certainly in a better mood than last Autumn. But confidence has slipped slightly since last month. Austin Hughes is the compiler of the Credit Union consumer sentiment survey and joined Joe this morning.
A look at today's business papers and markets with Aidan Donnelly from Davys Stockbrokers.
Although Credit Suisse was a systemic and large bank, Silicon valley bank nor Signature bank, which also collapsed this month were certainly not and yet, they have sent shivers down the spine of governments, central banks, and even consumers worldwide. The banking rules are not strict enough according to Thierry Philipponnat, the Chief Economist with Finance Watch, the European NGO advocating to make finance serve society who spoke to Joe this morning.
Amid the shortage of housing, every aspect of the inputs required to build homes is being looked at. Now the timber industry says there are enough trees in Ireland to build 1.4million homes with plenty of wood left over for pallets, fences, and other wooden items. But why don't we build many homes fully made using timber and what needs to change to ameliorate that? To discuss Joe spoke to Mark McAuley the Director of Forest Industries Ireland.
A run-through of some of the business stories today with Newstalk Breakfast Editor Joe Lynam.
Shares in banks on both sides of the Atlantic have stabilised somewhat after a week of turbulence that brought down one of the oldest and biggest banks in Europe, Credit Suisse. But trouble had been brewing at the Swiss bank for years and some felt it was only a matter of time before it ran out of road. But how did it come to this? Joining Joe to discuss further was John Murray a former Managing Director of CS and senior adviser to then CEO Tijean Thiam and a former senior financial regulator in the UK throughout the Great financial crisis.
With housing now at an all-time high - even higher than it was pre-crash in 2007 - many turn to renovation or extensions to improve rather than move. But according to a new report from the Society of Chartered Surveyors Ireland called ‘The Real Cost of Renovation Report 2023.’ Doing it yourself is far more costly and time-consuming than you think. Joining Joe on the show this morning was Nick Taafe is a member of the Society of Chartered Surveyors Ireland and is renovating his own place in Dun Laoghaire and contributed to the report.
We all know the drill when we call up a major company and have to identify ourselves by saying something like our date of birth down the line. Behind that voice recognition are some pretty clever stuff and Liam Dunne, Chief Executive of Klearcom the Irish firm checks that voice recognition to ensure their multinational clients such as MasterCard and other giant pharma companies get the service and security they need. Liam Dunne, Chief Executive of Klearcom spoke to Joe on the show this morning.
The is a real concern that bondholders in the soon-to-be-defunct Credit Suisse lost out while some Shareholders held onto some of their value. That could set a very dangerous precedent and a massive contagion or disruption elsewhere. To discuss the ramifications of the UBS merger and other market news Joe was joined now by Andreas Clenow, the Chief investment officer of Acies Asset Management and author of the best-selling novel ‘A Most Private Bank’. and Paul Kavanagh is the Chief Executive of Patronus partners
Newstalk's Business Editor Joe Lynam takes a run-through of some of the business stories today.
The ESB has been in the electricity business in Ireland for a century and in Britain for 25 years. It has set a target of 2040 to be completely carbon neutral and to get them towards that goal, they have signed a deal with the GeoEnergy company DcarbonX to provide ONshore energy storage in the form of Hydrogen in Britain and Ireland. Tony O'Reilly the chief executive of DcarbonX joined Joe this morning.
With the arrival of the Fintech companies, such as Revolut, Wise, and N26, the traditional way of banking has been severely disrupted. Now the credit unions are trying to get it on the act by making it easier to offer loans to its customers by using new AI technology from an Irish company called Metamo which is a joint venture between the credit unions and Fexco To tell us more about this Joe was joined on the show by Joe O'Toole is the Chair of Metamo.
Business Editor Joe Lynam takes a run through Monday's business stories in newspapers and websites.
This week is Seachtain na Gaelige and Tomorrow is SPD on the show, we take to look at how we attract companies and individuals to set up shop in Gaeltacht areas. And who better to talk to than Sinead Ní Fhátharta, Ceannasaí Fiontraíochta agus Fostaíochta Head of Enterprise at Údarás na Gaeltachta - the agency charged with promoting investment in Irish-speaking areas.
It’s decision day once again for the European central bank. Will they hike rates yet again and if so, by how much? Inflation hasn't gone away you know but there’s definitely a pullback underway in the technology sector and great unease following the collapse of its banker of choice - SVB. Speaking to Joe this morning was Dermot O’Leary the Chief Economist with Goodbody Stockbrokers.
On Sept 23rd last year, the UK announced a so-called ‘mini budget’. It was a tax-cutting blueprint that threw caution to the wind. Within hours the markets had signaled that it would simply not wear the extra borrowing and within a month Prime Minister Liz Truss was gone. Now a more cautious chancellor Jeremy Hunt takes to his feet today and his job in many ways is to undo the damage caused by his predecessor and reassure investors that Britain is not an economic basket case. But can he do it amid falling confidence and such global uncertainty? For more on this Joe spoke to Neil Shah a Director with Edison.
The ramifications of the collapse of America’s 16th largest bank are being felt on this side of the Atlantic. Tech Ireland wrote to its members in the startup community about how important it was for scale-ups SVB and for those firms eventually sold to large technology players. Brian Caulfield, the Chair of Scale Ireland said ''The demise of Silicon Valley Bank is of major concern to the Irish startup sector. So is there a chill flowing through the startup sector here. To discuss this further Joe was joined on the show by Alan Gleeson is the Chief executive of the Software as a service company Contento which only started formally this year.
A run-through of some of the business stories today with Newstalk's Business Editor Joe Lynam.
Last year small companies had to endure the perfect storm of soaring inflation and interest rates as well as a shortage of workers and extortionate electricity prices. The government has mitigated some of the inflation problems, but SMEs have complained that it was too difficult to get access to TBESS support and the scheme has been simplified since then.So how are things for small firms? All issues for David Broderick -the new Director of the Small Firms Association who spoke to Joe this morning.
Amid the fallout from the collapse of not one but 2 banks at the weekend, some taxpayers are asking whether we might be returning to the Financial Crisis from 2008 when banks were bailed out by governments and investors were spared. It comes as Grant Thornton publishes its International Business report including the health of the technology sector. Mike Harris – Forensics & Cyber Partner with Grant Thornton spoke to Joe on the show this morning.
Too often you hear accusations that giant multinationals come to Ireland: make huge profits, avoid paying taxes elsewhere, and fail to ‘give back’ to the area that they are based. One such multinational is pushing back on the latter accusation. The ‘Google Employment Task Force’ has joined forces with local community groups and the government to help those less well-off areas with training and facilities. Joining Joe this morning on the show was Joe Donnelly, Director of The Anchorage Project in Ringsend, and Teresa Weafer-Grennel community engagement manager at Google.
One of the major banking stories was on Friday evening when the Silicon Valley bank collapsed. It was the main banker for start-ups, not just in America, but all over the world, and potentially could ruin some dot com companies. To discuss its implications, I’m joined now by Pat Phelan chief Executive officer of SISU as well as a serial technology entrepreneur.
Joe spoke with the General manager with JLR in Ireland, John Cormican, about how the development of autonomous cars in Ireland is progressing.
Only this week, the environment Minister Eamon Ryan published draft proposals on the economic benefit offshore wind could have for this country. However, engineers are worried that proposals to develop the renewable resource may hamstring companies, wishing to invest in it.Director General of Engineers Ireland, Damien Owens, joined joe to discuss the concerns raised.
Whether it was the outrageous practices that caused the financial crisis or the culture of risk-taking with other people’s money or the more recent mortgage tracker scandal, few senior bankers have been held personally responsible. Now a new piece of legislation called the Central Bank (Individual Accountability Framework) Bill hopes to make individuals with banks and financial services companies personally more accountable for the actions of their employers. And it takes a big step towards becoming law next week. Patricia Callan who is the Director of Financial Services Ireland which represents the banks and fintech companies that are based in Ireland and Patricia joined Joe this morning on the show.
How do you feel about being served food by a robot or a mobile tray without anyone actually pushing it?Automated service is likely to increase in the future as restaurants look to save money on waiting staff. One of the innovators in this space is called Bear Robotics and they’ve just announced that Ireland will be the host for its European hub. Malachy Ryan from Bear Robotics joined Joe this morning
Today is 'International Women's Day' and we’re covering international banking, international retailing and one of the only 3 revenue commissioners in Ireland. They’ve all succeeded in their field, and they all happen to be women. Joining Joe in the studio this morning was Ruth Kennedy from the Revenue Commissioners, Evelyn Moynihan, Kilkenny Group CEO, and Sana Rahmen Communications Director with the fintech Wise.
Beach Point Capital here in Ireland is running a €100m Venture Debt fund, which invests in high-growth small/medium-sized businesses in Ireland. Speaking to Emmet Oliver was Shane Lanigan, Portfolio Manager of Beach Point Capital explained what exactly is venture debt?
Local Enterprise Week, running all this week will see over 300 events taking place nationwide for small businesses and budding entrepreneurs. John Magee, Chair of the Local Enterprise Network, explained to Emmet what people can expect this year?
Online shopping is set to rise but so too will appreciation of in-store good service. Just 2 of the results of the latest PWC Irish Consumer Insights Pulse Survey. Owen McFeely, Director, PwC Retail & Consumer Practice joined Joe on the show this morning.
Maxol service stations are probably more about retail these days than fuel. And now Maxol is putting it up to small Irish companies to pitch to get on Maxol shelves in its 72 stores. But only 4 indigenous brands will make it to the shelves. Brian Donaldson - Chief executive of Maxol
The good news is that the global tally for ransomware attacks fell slightly last year by 4%. The bad news is that the time it takes for cyber criminals to complete their attacks has also fallen from months to only days. Finding a so-called ‘back door’ is now by far the most popular route for attackers to find a weakness in company systems. For more on this Joe was joined on the show by Mary O’Brien, General Manager of IBM Security Software.
What started off in the 1970s with a brand-new drink called Baileys, has become a global success story with lots of imitations. Irish Cream liqueur may only be described as such if it’s made on this island with Irish whiskey and Irish fresh cream.But knockoffs from all over the world are being sold and it could affect Irish dairy farmers and Irish producers. So that’s why Drink Ireland has launched a new campaign called Explore Irish Cream. Joining Joe this morning was Johnny Harte from Drinks Ireland and the maker of his own Five Farms Irish Cream.
For those of us older than 35, the word Nokia was synonymous with mobile phones. The Finnish brand was far and away the biggest phone maker in the world - until 2007 when Apple literally destroyed its sales. Nokia mobile phones are back but owned and made by a very different - non-Finnish company. Joining Joe this morning to discuss was Jess Kelly our Technology. Correspondent.
As an industry, the legal profession is not famed for its rapid change. There are still practitioners who wear horse-hair wigs and gowns in court, even though there is no obligation to do so. But change is afoot. There are more judges on the way which should speed up proceedings and legal aid is set to be reformed, which should give more people access to the courts than is currently the case. Sara Phelan SC, Chair of the Bar of Ireland joined Joe this morning on the show with more on this.
Manufacturing which includes the key food production and pharmaceutical sectors in Ireland is moving in the right direction again. After some lacklustre results at the end of last year, the AIB Purchasing Managers Index for manufacturing posted a value of 51.3 for last month anything over 50 denotes rising output. The falling cost of production has helped life many manufacturers but Ireland is in a stronger position than its nearest neighbours, especially the UK. Oliver Mangan Chief Economist with AIB spoke joined Joe this morning.
Green & Red lanes, emergency breaks, democratic consultations. They’re all contained in the new Windsor Protocol to replace the infamous Protocol for Northern Ireland. But assuming that the DUP accepts this deal and goes back into power with Sinn Fein, what will this deal mean for trade between both parts of the island and between Britain and Northern Ireland? Speaking to Joe this morning was John McGrane Director General of the British Irish Chambers of Commerce.
The cosmetics and pharmacy chain Boots is soon gonna accept your old or empty cosmetics containers in return for a voucher. It could remove lots of plastic and glass from the economic system. Maeve McNamara is head of sustainability at Boots IRL and joined Joe this morning with more details on this new incentive.
We all know what the constituent chemicals in water are but did you know that once you split out the hydrogen from the Oxygen you can have a bountiful supply of renewable fuel without any mining or drilling? Quite a few car makers are launching hydrogen-powered cars but Hydrogen is also a great way to store renewable energy from wind and heaven knows Ireland has plenty of that. Speaking to Joe this morning wasJorgo Chatzimarkakis the Chief executive of Hydrogen Europe which represents the industry throughout the continent.
In the words of the great Swedish philosophers Benny & Bjorn: Money money money is a major problem for Irish start-ups according to a new survey of them by Scale Ireland. Traditional banks won't lend to such high-risk entities and venture capitalists are in more of a Risk Off mood in this high inflation and high-interest rates environment. Last week the start-up sector told the visiting Taoiseach at its get-together in Galway that there is simply too much red tape to apply for Government supports Martina Fitzgerald Chief executive of Scale Ireland joined Joe this morning.
IBEC’s previous 2 quarterly reports last year were fairly pessimistic weighed down by fears over the war in Ukraine and soaring inflation alongside rapidly rising interest rates. Now the Spring forecast is much more upbeat. IBEC now thinks inflation will fall below 4% by the year-end and domestic economic growth could be 3.6% For more on this Joe was joined on the show by Gerard Brady Chief Economist with IBEC.
A run-through of some of the business stories this morning with Newstalk's Business Editor Joe Lynam.
It may be named after a borough in New York, but Manhattan peanuts and popcorn couldn't be any more Irish. They’ve been making snacks as a family business since 1957 in Finglas - starting in the family kitchen. And now 66 years later Don O'Neill runs the business and has been expanding into crisps and peanut butter. He’s also Newstalk Business person of the month for February. Don O’Neill is the chief executive of Manhattan peanuts and joined Joe on the show this morning.
Oil prices soared and with them the cost of living. Confidence evaporated and interest rates climbed rapidly. Just some of the issues initiated exactly a year ago when Russia invaded a sovereign European nation. In doing so it has started an inflection point in history that will change things politically and economically for decades. We assess this economic impact with Dan O'Brien from the International Institute of European affairs.
Business Editor Joe Lynam takes a look at today's business papers and markets with Aidan Donnelly from Davy.
It’s a date that will linger on for generations. February 24th 2022 shook the world when Russia launched an all-out invasion of a sovereign democratic European nation. It also plunged the world economy into chaos, pushing up energy costs and causing a recalibration of who we do business with. It also brought together the international community to punish Russia with the kind of sanctions never before imposed on any nation. Joining Joe this morning on the show was Ireland’s commissioner for Financial Services and the person responsible for the monitoring of EU sanctions Mairead McGuinness.
Section 230 of the communications act in America, has proven to be a seminal piece of legislation when it comes to social media giants. That’s because it offers protections to the likes of Google, Twitter, and Facebook when it comes to the dissemination or spread of controversial content. But now there are two cases before the US Supreme Court, which could amend or even tear up section 230 and in the process, transform social media companies as we know them. To discuss this further Joe spoke to Eoin O’Dell an Associate Professor of Law at Trinity College, Dublin.
Brace yourself for notable issues getting your hands on tomatoes, lettuce, peppers, and a whole suite of vegetables that we normally get in the Winter from Spain. That’s because the harvest over there has been erratic due to climate change and other factors and it’ll soon be leaving empty shelves in the fresh Veg section in our supermarkets Justin Leonard from Leonard & Sons Dublin’s oldest fresh produce company spoke to Joe on the show this morning with more on this.
It’s a worrying time for tourism. As it prepares for the peak summer months, there is genuine concern that there won't be enough hotel beds as the state has prebooked many of them to accommodate refugees from Ukraine and other countries.On top of that those that remain could be charged out at exorbitant prices - earning Ireland the kind of pricey reputation which could have long term implications. To discuss all this further Joe was joined on the show by Paul Kelly the Chief executive of Failte Ireland.
Only 9% of the 30,000 people employed in the security sector are women. But security is a lot more about brain power and threat assessment as well as crowd control than just turfing drunks out on the street and there’s a big drive to get more women into it. Sharon O’Neill the Events Manager with Integrity Security is one of the 9% in the security industry and Sharon joined Joe on the show this morning.
The government has introduced a new tax incentive to lure designers and developers in the digital gaming sector to Ireland. It’s called Section 481A and it allows companies to get 32% of their annual expenses back from taxpayers. The target is to generate income of €240m within a few years in the gaming space but there are major reasons why the take-up has been so slow and they include making company directors personally liable if something goes wrong. Speaking to Joe on this new incentive was Paul Mee a tax partner with Mazars.
Last week the engineering and technology company Expleo announced that it was setting up an innovation hub in Galway and would soon be bringing to one thousand - people employed on the island of Ireland. To tell us more about his business and why they are ramping up here, is Phil Codd, the Managing Director at Expleo Ireland.
Last month Ikea posted profits from its Dublin store of €216m for the year to the end of August 2022. Dublin is its number one store in the world for sales of cooking and eating accessories and was also the store that had sold the most Lodrät pint glasses In fact IKEA is making so much money in Ireland that they are opening up a new ‘plan and order’ store in Drogheda. Marsha Smith - Country Deputy Retail Manager UK & IRE spoke to joe about their expansion plans.
Irish company Viatel has announced a fresh recruitment program in a bid to expand their operations here. CTO of Viatel Technology Group, Eilish O’Connor, joined Joe this morning to discuss
Over the past few months we have seen something of a tech winter as tens of thousands of jobs are shed worldwide by the giant companies. But are those redundancies only scratching the surface?Joe was joined by Donal O’Donoghue, President of Employment Recruitment Federation to discuss
In this new podcast, Life and Leadership, Bobby Kerr explores the lives of some of the most successful Irish business leaders and entrepreneurs of our time, including beauty guru Aimee Connolly and GAA star Bernard Brogan. Listen and follow the podcast now wherever you get your podcasts.
Earlier this week, the EU forecast Irish GDP to grow by 4.9% this year. However many economists disagreed with this. Joe was joined by former Chief economist with Ulster Bank, Simon Barry to debate the best measure of economic growth.
Last week, Munster Technological University had to close its campus after it was subjected to a ransomware attack. Now the World Economic Forum in Switzerland is calling on all businesses to do more to tackle the issue. Joe was joined by Seán Doyle, who is the lead for cyber security at the World Economic Forum to discuss.
As any medium-sized company will tell you, the mountain of documentation that it needs to publish every year to increase transparency but also meet new environmental and financial rules has become quite burdensome. Now the EU hopes to create a one stop shop for businesses to share important information about the company’s products or services as well as their financial performance and green credentials.It’s called the European Single Access Point and one of the important MEPs in this issue on the ECON committee is Frances Fitzgerald MEP who joins spoke to Joe this morning.
At the weekend the Sunday Business Post had a story about the Irish insurance industry blocking attempts to introduce a ‘right to be forgotten’ law so that long-recovered cancer survivors wouldn't have to declare anything when applying for life insurance or mortgage protection cover. The Irish cancer society says this is a major issue. Speaking to Joe this morning Denis Eustace covers life assurance with Progressive Financial Services.
Defined benefits Pensions are deemed the best to have because they base your annual workplace pension on a proportion of your salary when you retire. That’s why they are often known as Final salary schemes. They’re very expensive to fund and have been in deficit in many companies for years. Now the HR consultants Mercer estimate that there could be in surplus this year for listed Irish companies with DB pension schemes Peter Gray is from Mercer consultants and spoke to Joe this morning.
The biannual international business report from Grant Thornton is out. It paints a worrying picture of business confidence in Ireland in the latter half of 2022. But is it dated already in light of the positive start to this year. Speaking to Joe this morning was Andrew Webb the Chief Economist with Grant Thornton.
You don't have to have spent too much time in Ireland to realise that there’s an abundance of wind. Enough even to power the nation and a few others perhaps. But while Offshore wind has great potential it’s not being rolled out at a speed desired by government, environmental campaigners or those wishing to wean us off fossil fuels. Now the legal profession is starting to gear up for the rapid expansion in Offshore wind. Clark Hill have set up a special part of their business in Ireland for is and Aidan Eames runs that Offshore Wind Practice
While bank lending to companies still commands the lion's share of funding for Irish business, venture capital is growing in importance and is actively encouraged by the EU through its Capital Markets Union legislation. The latest investment pulse shows a worrying drop in overseas investors in Ireland - down 47% in the final quarter. Is there something big going on we should worry about? To discuss further Joe was joined by Sarah-Jane Larkin, Director General of the Irish Venture Capital Association.
As any parent will tell you, children are your greatest joy and your greatest worry. Some kids don't develop as quickly as they’d like and some don't speak as well as their peers. Now an Irish start up is working on that problem. It’s called Daisy Plays and Hannah O'Driscoll is the founder and joined Joe on the show live from New York.
We often talk about the housing crisis. We refer to building costs and planning delays and NIMBYs and political inaction but perhaps new technology in construction might help alleviate the problem. A new paper from EY this week seems to think so. So what can we do to speed up a building without adding cost or diluting quality. Sean Downey, Director of Specialist Contracting, Construction Industry Federation joined Joe on the show this morning.
You've heard the pitch before. Come to the North West for a quality of life far removed from the commuting and chaos of the city. It was especially appealing during lockdowns but many employers have been hauling their staff back into the office in Dublin, Cork, Limerick and other cities. Now there’s a concerted effort to persuade individuals as well as companies to relocate to counties like Sligo, Mayo and Donegal and there’s a big conference hoping to do exactly that starting later today in Dublin. But is it a tough sell? Speaking to Joe was Allan Mulrooney is the interim CEO of the Western Development Commission and also Keith Moran from SL Controls is making a big announcement itself today.
Ireland is an expensive place. It’s considerably pricier than the Eurozone average for food and drinks in restaurants and our hotels and guesthouses aren't cheap either. Now the Association of Irish Professional Conference Organisers is worried that this will scare many business tourists away For more on this Joe was joined on the show by Greg Carew is the Vice chair of the AIPCO.
There’s a new piece of legislation on the way, which will check all foreign direct investment money coming into Ireland from outside the EEA. Sectors such as infrastructure and data protection, as well as some financial services will have to get the blessing of the enterprise minister before they can transfer money into Irish entities. It’s all part of a wider EU legislation to weed out money laundering and white-collar crime. Carol Slattery is a Competition lawyer with Eversheds Sutherland
According to the Dublin Chamber, almost half of the hundreds of firms that it polled require that its staff be physically in the office 2 or 3 days a week. The survey carried out with Savills found that the fear of losing staff to rivals lies behind this laissez-faire attitude to workers working from home. It also found that employers are very concerned that hybrid working stands in the way of cultivating a team culture in the workplace. Aebhric McGibney from Dublin Chamber gave his reaction to this poll to Joe.
According to data from the online job search site Indeed, many of us are increasingly looking for part-time or weekend work. Furthermore, healthcare saw the biggest jump in searches from people outside Ireland looking for work here. And wages are growing rapidly in the childcare sector. Jack Kennedy is an economist with Indeed UK & Ireland and joined Joe on the show this morning.
The Irish Business Design Challenge from the Design & Crafts Council is now in its 3rd year. The idea of the challenge is to use design to solve problems for companies and this year the theme is to do so by making that design more sustainable and energy efficient Speaking to Joe this morning for more on the challenge was Thomas Watt Head of Design at the Design & Craft Council Ireland
Most of us are whirring with emotions just before we head into the hospital. It might be a long planned simple procedure, you might even be having a baby but you might also face a protracted stay. Now an Irish entrepreneur has started a company to provide the essentials for that hospital stay - so that you don't have to think about them Laura O'Brien is the founder of Your hospital Bag and Laura joined Joe in the studio to chat about her business and product.
It’s always difficult for governments when it comes to spending money because everybody has their metaphorical hands out. But it is especially difficult for the current coalition to say no if their coffers are bulging with cashThe Exchequer returns published yesterday showed exactly that. The state brought in €7.5 billion in tax receipts last month alone. That was buoyed by much better-than-expected VAT receipts as consumers continue to splurge, despite soaring energy costs and other global economic concerns. Speaking to Joe this morning was Peter Vale a Tax partner with Grant Thornton.
There are more Android smartphones in the world than Apple iOS phones and Samsung is the biggest smartphone maker in the world. Its latest Galaxy phone is out and will doubtless put it up to Apple which has been accused of issuing new phones with only minor changes over the past few years. It comes also as Apple posts its annual results later today - something that will be closely watched by consumers and the markets Jess Kelly is Newstalk’s technology correspondent and presenter of Tech Talk on Saturdays at 5pm joined Joe this morning with more on this.
There’s a new piece of significant EU legislation coming down the tracks for companies. It’s called the Corporate Sustainability Due Diligence Directive. It’s a new obligation for businesses to audit the impact of everything they do - not just on their immediate environment but also on their supply chains. The idea is to prevent abuse and even human trafficking anywhere up or down the supply chains. Barry Andrews MEP is the rapporteur or ‘the lead’ for one of the key committees of the European Parliament and he’s proposed some changes which will increase the number of companies impacted by these new rules. Barry spoke to Joe this morning on the show.
Business conditions in Ireland's manufacturing sector were stable in the first month of 2023. That’s according to AIB’s Manufacturing PMI and to discuss further Emmet spoke to Oliver Mangan Chief Economist at AIB.
70% of SMEs are optimistic about Ireland’s business environment in 2023. That’s according to the latest Melior Funding for Growth Survey. For more on this Emmet spoke to Jonathan Dalton, Managing Director, Melior Equity Partners.
During lockdowns many of us decided to set up our online businesses - some of them choosing dot com web addresses where available but others choosing the Dot IE domain.Many had worried that Irish domain registrations would fall dramatically as we returned to offices but it hasn't been the case - according to the latest report from Dot Ie. And David Curtin, the Chief Executive of the domain.IE spoke to Joe this morning.
Minister of State Dara Calleary will lead a trade mission to Dubai this week to promote Irish healthcare companies in the Arab world. He’ll be traveling alongside a slew of Irish Medtech businesses who will be announcing new innovations and contracts with countries in the Middle east. Many of those firms were supported by Enterprise Ireland and its Executive Director Jennifer Melia joined Joe live from Dubai
Managing Partner with PwC Ireland, Feargal O’Rourke, joined Joe this morning to discuss their new global survey.
Ryanair's Chief Financial Officer, Neil Sorahan, joined Joe this morning to take him through the airlines third quarter figures for last year.
It’s not often a profession that women choose to go into. Safety wear for people who work in construction and the oil business. But our winner this month made the leap from modest circumstances to one of the very short lists of women in the construction and trade sector. She formed Ennis Safety Wear during the Pandemic and it’s grown by 200% in 2 years. Her name is Angela Ennis and she is the Newstalk BPTM for January.
2022 was a perfect storm for farmers and food producers. Not only did energy prices soar but also fertiliser costs trebled because Russia was one of the biggest suppliers in Europe. Add in problems getting staff and anyone will tell you that the sector was braced for a tough 2023. How have things started? To discuss Joe was joined by Pat O’Toole, Irish Farmers, political editor of the Irish Farmers Journal.
Joe takes a look at todays business stories and markets with Aidan Donnelly from Davy Stockbrokers.
Everyone knows that we have a major problem in Ireland building things. It costs too much, there is too much red tape, there are too many objections and of course, Planning takes too long. Planning has turned into the whipping boy for anyone or anything that can't get a project built. But is that unfair? Speaking to Joe this morning was Gavin Lawlor is the VP of the Irish Planning Institute
This time a year ago household finances looked pretty healthy. Then came the war in Ukraine and soaring inflation. But after a milder expected Winter and government support, household incomes are starting to look up. According to the Credit union sentiment survey, it’s at a 7-month high. But the mood music is still far below the long-term average. The economist Austin Hughes compiled the Credit Union survey alongside Core Research and spoke to Joe this morning.
Small businesses have had to deal with a slew of challenges over the past 3 years including, Brexit, Covid, and soaring costs but there’s a new bureaucratic train coming down the tracks which could be far more burdensome. It's called the Corporate Sustainability Due Diligence Directive. It’s a new obligation for companies to audit the impact of everything they do not just on their immediate environment but also on their supply chains. These new requirements might be an irritant for larger firms but a real headache for smaller ones. Neil McDonnell – the CEO of ISME joins me now
The sudden departure of Damian English due to planning irregularities 3 weeks ago, opened the door for the relatively new TD Neale Richmond as Minister of State at the Department of Enterprise, Trade, and Employment with special responsibility for Employment Affairs and the Retail Business. It is a portfolio of interest to Breakfast business listeners or anyone in the retail or Human resources and the Minister joined Joe on the show.
It’s tough in any town to get people to spend money in the local economy - especially when it’s up against bigger shops in cities and giant eCommerce players like Amazon. It’s especially tough if you're in one of the more remote towns close to the border where things might be cheaper. But that’s the challenge that faced Letterkenny in Co Donegal and it rose to that challenge by introducing its own local voucher scheme - with a payment card that can only be spent in local shops. It’s been working for 19 years and now has 240 retailers involved It’s called ShopLK and Claire McDonough is the Vice President of Letterkenny Chamber of commerce which administers the project. Claire spoke to Joe on the show this morning.
You've heard of technology or simply Tech. You've also probably heard of Fintech but the latest iteration of tech and one which is growing rapidly because of its necessity is Climate Tech. The Irish Climate Tech Opportunity 2023’ written by SustainabilityWorks and PwC is out and it’s a call to arms for anyone in the technology space not to miss the boat and help heal the planet as well. Joe spoke to Laura Heuston Co-Founder of SustainabilityWorks.
We’re in the final full week of January. So we have a fair idea of whether the mild uptick in the European economy has continued into the new year. Ireland - by most measures appears to have avoided the economic malaise that many had feared 6 months ago - despite soaring inflation, an oil price shock, and a technology Winter. And that doesn't even mention rapidly rising interest rates and a war on the European continent. So how well placed are we for the coming year? To discuss with Joe was Dan O’Brien a distinguished journalist, author, and economist who runs the formidable think tank the International Institute for European Affairs and Simon McKeever is the head of the Irish Exporters Association.
An acute shortage of qualified accountants will worsen in 2023, as the talent crunch is on course to worse in 2023 as Irish businesses and firms struggle to access the talent they need to support the economy That’s according to the Chartered Accountants of Ireland President, Pat O’Neill who joined Emmet this morning on the show.
Irish-owned architectural company, ARGO has expanded into the United States with the official opening of a New York Office and intends to tap into a €12 billion US investment potential David Campion, Founder of ARGO Development Studio spoke to Emmet this morning.
Emmet Oliver takes a look at today's business papers and markets with Aidan Donnelly Head of Equities in Davy Private Clients, Dublin.
The EY Entrepreneur Of The Year programme 2023 is officially open for nominations from this morning. Entrepreneurs from emerging, established, and international businesses operating across all industry sectors across the island of Ireland are invited to submit their nominations between now and March 2nd. Emmet Oliver spoke to Roger Wallace, Partner Lead for the EY Entrepreneur Of The Year Programme.
Ireland will not experience any industry growth in 2023 but should remain on par with 2022 levels. That’s according to infrastructure consulting firm AECOM, which today published its annual Irish construction industry review. John O’Regan is AECOM’s Ireland Director joined Emmet this morning on the show.
Despite enormous headwinds throughout the European economy, Ireland remains an attractive place to buy property for international investors. That’s one of the conclusions in the outlook for 2023 from the commercial property agents CBRE. But is there a risk of a glut of commercial property on the markets as 200000 m2 is under construction and we move to a hybrid working model of working from home and the office? Colin Richardson – Director and Head of Research - at CBRE gave Joe the details.
Lidl has gone from a minor presence 15 years ago to one of the biggest retailers in Ireland. Now the German supermarket says it’s invested a landmark €1 billion into Irish farming and food production. But can it keep up the rapid pace of expansion amid fierce competition from local grocers? JP Scally Chief Executive of Lidl Ireland joined Joe in the studio this morning.
Business Editor Joe Lynam takes a run-through of some of the main business stories in the papers today.
It’s not easy for an unemployed single mother to start a business in any environment. Add in a global pandemic and not much money and you've got insurmountable obstacles for some. But not for Sinead Crowther who created a soother made of real honey which has taken off and even has two of the most famous investors in Ireland Niall Fitzgerald and Seán O’Driscoll as early backers. Speaking to Joe about the business was Sinead Crowther is the founder and boss of Tonstix.
Apart from our own Business 'Person Of The Month' competition, there are a few other big competitions for companies to enter. One of them is the Guaranteed Irish Business of the Year. And the finalists for this year have been announced. Brid O’Connell is the chief executive of Guaranteed Irish and Brid joined Joe this morning.
We discussed new year's resolutions last week. Many of us have vowed to give up booze or chocolate and work out more but an increasing number have promised themselves a facelift or to remove unwanted lines or belly fat. Increasingly it’s a case of New Year: New Me. But Ireland lags behind Harley Street and other larger European nations when it comes to its cosmetic enhancement industry. For more on this Joe spoke to Pat Phelan the boss of Sisu Clinic.
Aviation has probably had the worst 3 years since world war II. First, a global pandemic grounded most planes in the Western World and then a year ago Russia invaded Ukraine and promptly seized ownership of almost all of the planes that its airlines had leased - mostly from Irish-registered companies. Now things are starting to return a bit to normal and a new report from the Irish leasing firm Avalon says that global air traffic will return to pre-pandemic levels this summer. But will they get their Russian planes back? All questions for Andy Cronin the Chief executive of AVOLON Aerospace
In the same poll of company bosses undertaken by the World Economic Forum, cyber security came out in the top 10 threats facing business.Fraudsters are using many sophisticated ways to steal your identity, your intellectual property or to exhort money. One US business that is a leading light in the space is Threat Locker and they are opening their European headquarters in Blanchardstown and ThreatLocker’s Chief Executive and Co-Founder, Danny Jenkins joined Joe this morning on the show.
Today is the so-called ‘Quitters Day’. Jan 13th is supposedly the day that we give up our new year’s resolutions. It might have been booze or cigarettes or it might have been planning to quit your job. But many of us lack the willpower to persevere. Speaking to Joe this morning was Jim Steele the author of ‘Unashamedly Human'.
The World Economic Forum starts in the Swiss ski village of Davos where the world’s political and corporate elite come together to thrash out deals and do a lot of talking, Ahead of the massive jamboree, the WEF has published its Global risks report. The Number one concern of chief executives over the coming 2 years is the Cost of living crisis. But climate change dominates the worries over the next 10 years. For more on this Joe spoke to Susannah Streeter from Hargreaves Lansdown.
Are you saving enough to keep you comfortable in your retirement? 46% of Irish savers say they are not optimistic according to State Street bank’s Global Retirement reality report out today. Olivia Kennedy from State St Global Advisers joined us this morning with more on this.
Judging from the queues and delivery times, Christmas was a very busy one for retailers. And the latest data from the Bank of Ireland seems to bear that out. Overall spending was up 18% compared to the previous year. We also returned in droves to pubs. Speaking to Joe was Owen Clifford, Head of Retail Sector with Bank of Ireland.
Tomorrow sees the start of the BT young scientist of the Year. Over 200 schools and 1100 young men and women will be showing off some clever inventions which will renew our faith in the up-and-coming generation.After 59 years, it’s become one of the leading STEM exhibitions in Europe and it will give Shay Walsh the Managing Director of BT Ireland an early look at the talent that he may need to hire in the future. Shay spoke to Joe this morning on the show ahead of the exhibition.
Bord Bia is the agency charged with promoting Irish food abroad. Its annual export performance review is out today and it shows that a record €16.7bn worth of food left our shores for overseas appetites. That’s 30% more than pre-pandemic levels. But much of that is down to soaring input costs as well as inflation. Jim O'Toole Chief executive of Bord Bia joined Joe this morning on the show.
If you are ‘participating’ in Dry January, you’ll probably be considering zero % alcohol drinks a bit more than you might otherwise do. According to Drinks Ireland, non-alcoholic beer sales in Ireland have more than tripled between 2017 and 2021, from 1.79 million to 5.55 million litres. But do they still taste rough? Also, there’s a brewing row with wine-making countries over plans in Ireland to label some wine bottles as potentially carcinogenic. All things for Cormac Healey from Drinks Ireland to discuss the morning.
It’s Oscar and movie awards season soon and for the first time there’s a very real chance that an Irish language film could win major gongs. If You haven't seen An Cailin Ciuin, make it your business. You’ll be thinking about it for weeks afterwards. It’s one of the films funded in part by the broadcasting authority of Ireland. And it comes as the banshees of Inisheerin stands a great chance of picking up a handful of Oscars as well. It also comes as the next round of funding for Irish production companies goes live. Stephanie Comey, Assistant CEO of the Broadcasting Authority of Ireland spoke to Joe on the show.
Almost ¾ of a million Irish homes are heated using oil. That meant that our households were especially vulnerable to the oil price shock - brought upon by Russia’s invasion of Ukraine. It means that the Government has had to step in and subsidise energy bills for millions. But what if there was a renewable equivalent of oil that could be used to wean us off that dependency? Speaking to Joe this morning was David Blevins the Ireland country managing for OFTEC - which represents the companies that make liquid fuel storage tanks among them: Kingspan.
We’ve got an idea now of how many companies failed last year. Needless to say the number is substantially up on the previous year when firms were protected by Government support during lockdowns. According to the PwC barometer, the number of insolvencies last year stood at 527 - up 39% on 2021. But that number could rise substantially this year. Ken Tyrrell, PwC Ireland Business Recovery Partner discussed these figures with Joe.
A run through of some of the business stories today with Newstalk Business Editor Joe Lynam.
Benefit in kind is a tax on perks and is usually applied to the new value of a free company car. As of this week though, the amount of benefit in kind payable by employees for owning a company car has jumped to just shy of €300 a month for an average car. It’s led to many cBenefit in kind is a tax on perks and is usually applied on the new value of a free company car. As of this week though, the amount of benefit in kind payable by employees for owning a company car has jumped to just shy of €300 a month for an average car. It’s led to many employees offering to hand back their company cars, usually leased, to avoid the tax. David Kavanagh is the Vice president of the Vehicle Leasing association of Ireland, which are usually leased, to avoid the tax. David Kavanagh is the Vice president of the Vehicle Leasing Association of Ireland
18000 jobs at Amazon are being cut while Salesforce is slashing 10% of its worldwide workforce. The Technology Winter or tech wreck shows no sign of abating. Salesforce which makes the office messaging system Slack - are due to move into a gleaming new office in the Docklands - built to accommodate 3000 people. So there is especially concerning in Ireland. So what’s going on? Jenny Darmody is the editor of Ireland’s technology bible Silicon Republic and joined Joe this morning.
How many business cards have you handed out over the past decade or 2? Hundreds or if you're in sales: thousands. But how many of us who receive business cards discard or lose them immediately?An Irish company has come up with a clever way to share your details with someone digitally and dispense with cards. Speaking to Joe this morning was Mark Gibbons from Tapitag.
The temperature in Warsaw on New Year's day was an astonishing 19 degrees Celsius. The normal temperature at this time of year is 4 degrees. Apart from underlining how real climate change has become in Europe, it also means that many companies and consumers won't need to use as much gas from natural gas reserves as many of us had feared due to the embargo on Russian energy. Daniel Kral – Senior economist with Oxford Economics spoke to Joe on the show this morning.
If you are living outside of Ireland or have just returned from living abroad and are thinking of setting up a business, there’s a Government-run scheme that aims to help returned emigrants.The idea is to fund training workshops and guidance mentors to help get over some of the red tape that start-ups encounter. It’s called Back to Business and it’s run by Paula Fitzsimons from Fitzsimons Consulting who joined Joe this morning on the show.
Yesterday the IMF said that most of Europe will see a recession this year but most experts think that Ireland may avoid it. It doesn't mean that we’ll have a smooth 2023 or that the coalition government won't have problems.To discuss the economic and political backdrop of the new year, Joe spoke to the renowned economist, academic, author, government adviser, and journalist Colm McCarthy.
2022 was a momentous year for the markets with war and inflation being the two key words which we thought belonged to distant decades. But they're both back. Stock markets were buoyant 12 months ago but would be hammered by the end of the year as interest rates and the cost of everything jumped. So what can we expect this new year? Paul Sommerville - Sam.IE brought us a proper preview.
At one point in the first quarter of 2022, house prices rose at a percentage rate in the mid-teens. Rents rose by an astonishing 11% last year. All signs of a booming property market or perhaps even evidence of a bubble about to burst. The first MyHome.ie residential survey is out and it says we’ll avoid another property crash Conall MacCoille is the author of the Myhome.ie survey and is the Chief Economist with Davys spoke to Joe this morning.
Given how dreadful cryptocurrencies have performed this year, it’s not difficult to link the words Crypto with manure or poo or other less family-friendly words. But there’s also a practical reason. Mining for cryptocurrencies like Bitcoin is very energy intensive since you need whole server farms working 24 hours a day to solve a problem and earn coins. But one company has developed a way of using manure to power that mining. It’s called easy Crypto hunter and Josh Riddett is the founder and joined Joe Lynam on the show.
Earlier this week Ryanair announced 4 new routes out of Belfast International Airport in a vote of confidence in the 2nd largest airport on the island of Ireland. Will it create jobs and investment into NI and will it encourage more flying when we should all be flying a bit less? Graham Keddie, Managing Director, Belfast International Airport joined Joe Lynam on the show.
As we head into Christmas and all the cooking and washing and cleaning involved in that, spare a thought for wasting water this festive season. Irish Water has done a survey which suggests that companies also need to think about conserving water. Just 14% of Irish Small Medium Enterprises (SMEs) plan to increase investment in sustainability practices and solutions such as water conservation, energy conservation and recycling in the next 12 months Geoffrey Bourke Business Operations Manager with Irish Water joins me now
The definition of quantum computing is that it uses the theories of quantum mechanics to solve complex problems that might stump ordinary computers. However, it requires specialist hardware. Horizon quantum computing is an Irish company initially set up in Singapore but now it’s opening offices in Dublin and is hoping to attract more quantum computing experts. Prof Joe Fitzsimons, CEO of Quantum computing joined Joe on the show this morning.
The world of technology ends 2022 in a very different place than it started the yearSome people are describing it now as a tech winter or even a tech wreck. The picture is different for start-ups and smaller technology companies so let’s have a look back at 2022 and a preview of what companies are up to Next year with Ian Browne from Dogpatch
Just before the summer, the key member states linked to the OECD – including Ireland – agreed that a floor rate of 15% should be placed on corporation tax rates to avoid companies playing one country off against another. Needless to say, this was a major concession from Ireland, where the corporation tax has been solid and steady at 12½% for more than two decades. Now the c, but there are still quite a few hurdles in place and the big companies can still use their size for tax advantages
It won't surprise you how much food we all eat over Christmas but it should shock you how much food we waste and simply throw out. One Irish company hopes to minimise how much food is thrown out - doing companies, the environment, and especially the less well-off a favour. Aoibheann O'Brien - founder of FoodCloud
Have you had your office Christmas party yet? If not, you’re running out of time, but aside from the revelry and celebrations with your colleagues, employers have a certain duty of care. Also, with 2023 just around the corner, employers have a few changes in the legal landscape to keep on the radar. Deirdre Malone is Head of employment law at EY and spoke to Joe this morning.
Joe Lynam spoke to EU Parliament President Roberta Metsola and discussed the looming trade war between the US and the EU.
Just over a week ago, Belgian police announced that they had arrested 4 people working for the European Parliament in a sting operation looking into bribery accusations.It has shone a very brought light on the world’s largest elected chamber and its president - Roberta Metsola has spent the week fighting fires. She gave only one planned face-to-face interview amid this crisis and that was to Newstalk while Joe was there in Strasbourg last week
Newstalk’s Business Person of the Month is one of the best-known bosses in Ireland and he runs Europe’s largest airline and probably the nations best known companies Ryanair. He took over from Michael in 2019 and immediately had to deal with an unprecedented shutdown of the entire travel industry worldwide. But Ryanair’s bounceback has been extraordinary and for that, we can announce that Eddie Wilson - the Chief Executive of Ryanair is our Newstalk Business Person of the Month.Newstalk’s Business Person of the Month is with thanks to Eversheds Sutherland – Ireland's largest and most established global law firm
Qatar has been in the news a lot this month - not just for the world cup but it’s also been linked to corruption scandal which has rocked the EU parliament.So as the world cup final is on Sunday we thought we would go back to Michael Hershmann who was a co-founder of Transparency International and a member of the team that wrote the first comprehensive reform plan for FIFA in 2014. Michael Hershmann joined Joe live from New York.
Donal Morris is the founder of RedZinc the company that could see lots of your future medical needs dealt with over virtual consultations. Donal spoke to Jonathan this morning on the show.
We are just 10 sleeps to the big day – so with the Christmas shopping in the home straight how are retailers faring in the first restriction-free Christmas in 3 years? Richard Guiney CEO of Dublin Town spoke to Johnathan Healy this morning.
The time was that London was the undisputed capital for solving rows between companies and even countries. The arbitration and dispute settlement infrastructure there was unmatched in Europe.But by leaving the single market Britain’s loss is Ireland’s opportunity and Dublin hopes to steal some of that dispute settlement business because it’s now the only Common law country within the EU Louise Reilly is a Barrister and also with the International Chamber of Commerce and joined Joe this morning.
A look at today's business papers and markets with Joe Lynam broadcasting live from The European Parliament in Strasburg.
We focus on the 50 years since Ireland became a member of the EEC and especially what it’s meant for Irish companies. One such successful sector is of course Irish food which switched a dependence on the UK market in the 1970s to the EU from the 1980s onwards and one product more than most was especially successful - Kerrygold butter. That’s owned by the Irish company Ornua - formerly known as the Irish Dairy board. JOHN JORDAN is the Chief executive of Ornua co-ops
It’s 50 years since Ireland joined what was then the European Economic Community or EEC. We joined as the poorest member of that block in 1973 and now we’re one of the richest on paper at least. This week Breakfast Business will be broadcasting live from the European parliament here in Strasbourg and examining what Ireland has lost and gained over the past half century and what more needs to be done at an EU level for companies and consumers in Ireland. Speaking to Joe this morning was Patricia Callan who is the Director of Financials Services Ireland which represents the banks and fintech companies that are based in Ireland.
A run-through of some of the business stories today as we broadcast live from the European parliament in Strasbourg.
According to Deloitte's research, the number of company insolvencies is approaching pre-pandemic levels. Given how many firms were artificially kept alive with taxpayer support for 2 years, it was to be expected. But as we face a global downturn will the number of companies winding upstart to accelerate in 2023? David Van Deesel - Partner in Financial Advisory with Deloitte joined Joe on the show this morning.
The European central bank meets this week and is widely expected to raise the cost of borrowing once again. It could do so by as much as 75 basis points or ¾ of one percent. This will have an immediate impact on mortgage holders with tracker mortgages but it’s unclear what it means for other borrowers and indeed for savers who need the income Denis Eustace from Progressive Financial Services spoke to Joe with more on this.
Two-fifths of business leaders expect a recession next year in Ireland and inflation remains a key concern. And yet most bosses are worried about filling job vacancies. The Business Decision Maker Pulse survey of senior business leaders is carried out by the consultant AON and Rachael Ingle, CEO of Aon Ireland who joined Joe on the show this morning.
Have you started making new year's resolutions? Well companies should be making resolutions too to combat climate change according to Alan Keogh from Cool Planet who spoke to Joe this morning.
A few weeks ago we broadcast the show live from Shannon to highlight some of the amazing companies and the ‘cluster effect’ of bringing talented people together in one area down there. Among the people, Joe spoke to was Russ Vickers from the Future Mobility campus in Shannon who tests drones as well as self-driving cars for how we might all get around in the very near future.
IBEC’s international division is known as IBEC Global and it publishes a "Divergence Watch" on how the UK and the Eu are diverging in policy and trade terms. This third edition focuses on carbon emissions and what EU and UK divergence on carbon policies means for businesses operating in both jurisdictions - especially Ireland. Ibec Global’s Executive Director is Jackie King
Google has announced that it’s providing half a million Euros in grants for social enterprises in Ireland. The money will be distributed by Social Enterprise Ireland and INCO to support underserved parts of the economy that might struggle to get funding from either the State or commercial banks Tim Griffiths from Social Enterprise IRL spoke to Joe with more on this.
In September’s €11 billion budget, the government announced a temporary business energy support scheme to help companies meet the huge challenges of soaring energy costs through the winter.As the Mercury starts, dipping, and real winter weather sets in, the Revenue Commissioners are urging companies to at least apply for the TBESS. As the old adage goes if you’re not in you can’t win. Joining Joe was Maresa Hempenstall, Assistant Principal Officer with the Revenue
A fortnight ago minister Helen McEntee officially opened a new care home in her constituency in Duleek. The provider is Silver Stream healthcare and they also announced the creation of 170 new jobs. But many in the sector worry that care homes are gonna start closing due to lack of funding and the pressure that might place on taxpayers. And that problem will accentuate as we’re all living longer. Tom Finn is the Chief executive of Silver Stream Healthcare. One of the largest providers in Ireland and Tom joined Joe this morning on the show.
Stock markets linked to China soared yesterday after the mood music appeared to signal that China might relax its Zero Covid-19 policy which has seen whole cities continue to be locked down almost 2 years after the virus first emerged and despite the presence of vaccines. It follows a week of unprecedented protests by citizens in a country not famed for its tolerance of criticism. Joe spoke to Ava Shen from the Eurasia Group think tank about what was going on in China.
Among the many centenaries that Ireland has been marking since the tumultuous birth of the nation 100 years ago, is the fiscal independence that came with the establishment of the Department of Finance. The department which controls the purse strings often has few friends within the Government and has also had a rollercoaster century. So much so that there’s a fascinating new book about it. Ciaran Casey is the author of the ‘Department of Finance 1959 to 1999’ and Ciaran joined Joe on the show.
Joe caught up with Michael O’Leary at the launch of a partnership with Trinity College Dublin to use new Sustainable aviation fuel.
A major new survey conducted by Ibec highlights the importance of access to pan-European Unitary Patent System for Irish Businesses It highlights that 78% of businesses said that they are likely to increase their patenting activity to protect their innovations, if Ireland were to sign up to the new Unitary Patent and the Unified Patent Court (UPC) system. Naoise Gaffney, Chair of Ibec’s Intellectual Property Group spoke to Emmet Oliver on the show.
The Health Insurance Authority is urging people to review their health insurance policy before they renew it, to ensure their policies get them the best cover for themselves and their families. Over 50% of the insured population renew their policy between November and March. Laura Brian, CEO of the Health Insurance Authority joined Emmet Oliver on the show this morning.
Emmet Oliver takes a look takes a look at the markets and the stories making the business pages with Aidan Donnelly, Head of Equities in Davy Private Clients, Dublin.
As the party season gets underway, there are those who believe that companies gain a lot of goodwill by hosting such events and our guest certainly subscribes to that point of view.
Paul Davis runs Davis events agency and joined Joe this morning on the show.
The EY Entrepreneur of the Year was announced last night in the Powerscourt Hotel.
The winner was Martin McKay and he’s the founder and boss of TextHelp which is a software company designed to help people with dyslexia and physical disabilities. Martin joined Joe this morning after his big win.
We have a winner for this month. and this month it is in the healthcare and homecare business. Never has this industry been as important as during lockdown.
When so many thousands of our fellow citizens lost their lives due to COVID-19. But it’s an industry that is often undervalued and underappreciated, even though some or all of us will end up in need of it at some stage.
This month's winner struck the judges due to her empathy, her professionalism, her attention to detail and her success.
It is Collette Gleeson is the Chief Executive of Comfort Keepers which is a homecare business.
Business Person of the Month on Newstalk, with Eversheds Sutherland – Ireland’s largest and most established global law firm
Did you know that there is more than one major Scandinavian furniture retailer in Europe. JYSK is from Denmark and they are rapidly growing their presence in this country. In fact sales are up 40% over the past year.
Roni Tuominen is the Country Manager for JYSK UK and Ireland and joined Joe this morning.
The German company Lufthansa Technik already services aeroplanes in Shannon - and has been doing so for 30 years. But now they're opening up a further business in Co Kildare to service and repair aircraft engines for leasing companies.
Michael Malewski, CEO of Lufthansa Technik Turbine Shannon spoke to Joe Lynam this morning.
How much things have changed for the hotel sector in Ireland. 18 months ago, we were in the middle of lockdowns and hotels were eerily quiet – bailed out by taxpayers. Then when we started opening up, there was a huge rush for holidays and staycations. Now Hotels face soaring energy costs, and a possible economic downturn
Michael Magner is the VP with the Irish Hotel Federation and joined Joe Lynam on the show.
20 years ago, the northern Irish economy had a productivity growth rate of roughly the same as the Republic of Ireland. Now in 2022, according to a new report from the ESRI, productivity in the south is 40% higher than that of our neighbours north of the border. It’s all part of the “shared island “initiative from the Taoiseach’s office.
Adele Bergin from ESRI has written this initiative and joined Joe this morning on the show
20 years ago, the northern Irish economy had a productivity growth rate of roughly the same as the Republic of Ireland. Now in 2022, according to a new report from the ESRI, productivity in the south is 40% higher than that of our neighbours north of the border. It’s all part of the “shared island “initiative from the Taoiseach’s office.
Adele Bergin from ESRI has written this initiative and joined Joe this morning on the show
At the start of this year, the property market in Ireland both in residential and commercial was booming. Sales were being agreed at up to 10% above asking prices in the residential market.
We end the market on a different note with war in Europe and soaring inflation as well as rapidly rising interest rates. It could mean that 2023 could be a very different year for the property sector.
John Moran – CEO of JLL Ireland
At the start of this year, the property market in Ireland both in residential and commercial was booming. Sales were being agreed at up to 10% above asking prices in the residential market.
We end the market on a different note with war in Europe and soaring inflation as well as rapidly rising interest rates. It could mean that 2023 could be a very different year for the property sector.
John Moran – CEO of JLL Ireland
Today is Black Friday. It’s the day that retailers hope to prise open your wallets and purses and make you spend money that you might otherwise have held off until closer to Christmas eve. But it’s also one where the risk of scams and fraud have grown immeasurably since Black Friday took root amongst Irish shoppers over the last decade.
Mike Cowen Head of Strategy Insights and Experience with Mastercard spoke to Joe this morning on the show.
A cap on the amount of debt that Property investors can have and more capital may need to be set aside by the banks. Just 2 of the announcements made by the central bank in its latest financial stability review -were out yesterday.
Joe spoke to the Governor of the Central bank of Ireland - Gabriel Makhlouf and began by asking him why he was raising the capital buffers for Irish banks if we are heading into a downturn, which could make it more challenging for them to lend?
Joe takes a look at today's business papers and markets with Aidan Donnelly from Davys.
There has been a spate of surveys and business sentiment polls, and they all seem to suggest that Ireland will survive the worst of the looming economic downturn. It looks as if our foreign direct investment sector will have enough momentum to keep the country growing next year, and that won’t be the case in the UK or Germany.
Speaking to Joe on this was Alastair Blair the Managing Director of Accenture IRL.
Enterprise Ireland is hosting its elevator pitches for Irish start-ups at Croke Park today. The idea is to encourage Irish intellectual property to remain in the country, but also move these university start-up companies to the next stage of funding and support. All of them will survive, of course, but it’s an important stage in the development of those companies – especially when they can’t or won’t get money from Ireland’s commercial banks.
Deirdre Glenn director of commercialisation with Enterprise Ireland spoke to Joe this morning.
It’s that time of year again. It’s the busiest time for retailers and possibly the most stressful time for consumers, but it’s also a busy time for scammers and fraudsters. There’s been new research into who are the victims of scams and fraud and it makes for surprising reading.
Claire Cogan from permanent TSB, who has carried out some research into that spoke to Joe this morning.
Ever since the financial crisis, when Ireland’s entire banking system, collapsed and needed to be bailed out by taxpayers, the European Central bank, and the central bank of Ireland have insisted that all lenders set aside, huge quantities of capital to act as a risk buffer in case things go wrong again.
The consultants Mazar have carried out a study of European banks and compared them, and Michael Tuohy Managing partner with Mazars
Tax credits for digital games were officially launched by Minister for Finance, Paschal Donohoe, and Minister for Tourism, Culture, Arts, Gaeltacht, Sports and Media, Catherine Martin, yesterday.
Vish Gain, Journalist with Silicon Republic explained what this involves.
Black Friday sales are underway in many shops around the country. Are they having a positive impact?
To discuss Jonathan spoke to Duncan Graham of Retail Excellence Ireland.
This morning Jonathan Healy takes a look at some of the main business stories in this morning's newspapers.
One ice rink in Cork is using vegetable oil to provide all its energy needs. It could be a model for a lot more companies
Speaking to Joe this morning was Orla O'Neill from Cool Running Events which powers outdoor events using renewable sources.
Ireland is the 7th best country in Europe and the Middle East for private companies to set up and thrive.
Some firms burdened with mountains of Irish red tape and ‘computer says no’ may be scowling at the radio upon hearing that but the findings from the consultants PWC and Colm O’Callaghan, Partner with PWC’s Entrepreneurial & Private Business Practice spoke to Joe on the show this morning with more on this.
The most controversial FIFA world cup ever starts this weekend in Qatar - a tiny country which never even qualified before this. The stadiums have been built on the backs of thousands of poorly paid labourers from South Asia and an estimated 6000 of them died making them.
Speaking to Joe this morning to discuss the moral cost of Qatar was Michael Hershman who has been involved in 4 or 5 world cups along with olympics and super bowls. He was a former advisor to Fifa and was on FIFA's independent governance committee. He’s also a co-founder of Transparency International and a member of the team that wrote the first comprehensive reform plan for FIFA in 2014 and he's the former CEO and current advisory board member of the International Center for Sports Security in Qatar.
A windfall tax on energy companies, house prices to fall, local property taxes to rise by 5% and a forecast that living standards will fall by 7%.
It’s not the Budget in Ireland from 2010 but the emergency budget in the UK in 2022. It’s all designed to undo some of the damage done by the last budget in Sept by the ill fated Liz Truss.
For more on what the UK budget Joe spoke to Paul Kavanagh from Patronus Partners.
Business Editor Joe Lynam takes a look at today's business papers and markets with Aidan Donnelly from Davys.
The family-owned Maxol group of petrol forecourt has posted a profit of €27 million for last year – a rise of 57% on the previous year as the company bounced back strongly from lockdowns.
It has also announced an investment plan of €100 million to transform itself from a petrol and diesel-based business into a retail and licensing business– With a focus on fossil free recharging. Speaking to Joe this morning was Brian Donaldson - the boss of Maxo.l
As we face a precarious winter with soaring energy costs, the Energy watchdog in Ireland – the CRU – pays energy storage companies to store up capacity just in case there is a problem with other sources of energy such as coal or gas.
But electric storage Ireland which represents those companies that store electricity in large batteries, think that they should be allowed release that stockpile of energy back into the grid to get prices down for consumers. Bobby Smith - Head Energy storage Ireland spoke to Joe this morning.
Twitter cut its workforce by around 50%, Meta by 13%, Intercom also by 13% and Amazon looks set to lower its headcount by 3% this week. These are just some of the cuts that are happening - but the key question is - is this a correction due to over-hiring during the pandemic or is there something else at play?
Joining Joe Lynam and Jess Kelly on this special show looking at Ireland's technology sector is the former Tánaiste Frances Fitzgerald who is now an MEP and based in Brussels, Daryl Hanberry is the Technology Partner with Deloitte and serial entrepreneur DC Calahane from Dog Labs and Republic of Cork.
Along with Joe Lynam, Newstalk Technology Correspondent Jess Kelly takes a run-through of some of the technology stories today.
The war in Ukraine tore up the assumption that there would never again be a land conflict in Europe. It’s just one of the many geopolitical assumptions that we will need to rethink. There are many more.
Janan Ganesh is the Associate Editor at the FT spoke to Joe this morning on the show.
We take a look at one sector which is often neglected for its cultural and economic contribution: food production and agriculture. The Farmers Journal has put out a new study going through the economic value of more remote parts of the country, making for interesting reading.
Lorcan Roche Kelly - Agribusiness Editor at the Irish Farmers Journal joined Joe this morning on the show.
It’s the one business that few of us wish to talk about but one which will be needed by all of us at some point. Masseys is one of the best-known funeral directors in Ireland and now they've launched a new bespoke funeral pre-planning service.
Mary Cunniffe, from Masseys Bros and My Farewell Wishes joined Joe on the show to tell him about the new service.
Energy is very much en vogue these days with the giant upstream oil companies earning hundreds of billions of Euros in profits this year. For energy trading companies i.e. the people who act as middlemen between the oil producers and the end users - it’s been a mixed bag. The smallest ones have struggled because they didn't have enough cash to buy large amounts of gas.
Ronan Doherty is the Chief Executive and founder of Electro Route which is expanding here and in the Far East and Ronan spoke to Joe this morning.
Joe Lynam takes a look at some of the business stories in today's business newspapers and websites.
The world is heading into recession. But what are the people who have the most money doing with that money? All questions for Europe’s biggest fund manager
John O’Toole, Head of Multi-Asset Fund Solutions with Amundi spoke to Joe with more on this.
Advanced Clinical is a rapidly growing business that serves the biopharmaceutical industry across the US, Europe, Asia Pacific, and now Ireland.
The Dublin office will serve as a strategic hub for clinical research and strategic resourcing services while providing business opportunities due to the proximity of local pharmaceutical, biotech, and medtech businesses.
WAZP is a company which specialises in 3-D printing which physically creates objects by adding minuscule layers upon layers until the final object is built, usually using a polymer. The company is based in Tralee in Kerry and they already have major clients such as IKEA and Logitech.
Shane Hasset is the boss of WAZP and he joined Joe on the show this morning.
Aonghus Shortt is the founder of FoodMarble.com and he has invented the world's first personal digestive breath tester and app which helps people personalise their diet and overcome common, but hard-to-treat, digestive conditions like IBS, bloating, etc.
Aonghus joined Joe this morning on the show to explain more about his business.
That’s according to a new survey from the Credit Union Development Association, which found that the easy use of digital banking has not seen it overtake the demand for a more personal experience.
Joining Emmet this morning was Kevin Johnson is CEO of the Credit Union Development Association.
age growth in job ads has plateaued at historically high levels.
That’s according to the findings of a new research collaboration between Central Bank of Ireland and Indeed published this morning.
Reamonn Lydon is a Central Bank economist and co-author of the research and spoke to Emmet this morning.
Emmett Oliver takes a run through some of the main business stories in today's business papers.
Since the spring, we have seen hundreds of billions of dollars white off the value of technology companies, we've seen profit warnings and we’ve now seen large-scale redundancies. Has technology peaked? And what does it mean for Ireland which is disproportionately dependent on foreign own technology companies?
For more on this Joe spoke to Una Fitzpatrick. Director, Technology Ireland.
Zinc is the fourth most widely consumed metal in the world with strong anticorrosive properties and bonds well with other metals.
An Irish company is mining for it in KiImallock co Limerick and things are going so well that it’s now floated on the London stock exchange. It’s called Unicorn Mineral resources and Richard O’Shea is the Chief executive of Unicorn Mineral Resources spoke to Joe this morning.
The US midterm elections finish tomorrow and many of us will be watching to see if the Donald Trump-controlled Republicans regain control of the US Congress.
Speaking to Joe this morning was Daniel Beckman and his company Soapbox which collects edits, and shares user-generated content. He has worked on numerous election campaigns in the US - including the famous 2008 campaign which saw Barack Obama win the White House.
Ryanair has just published its numbers for the first half of the financial year. Profit after tax reached €1.37 billion and that is more than the equivalent profits before the outbreak of COVID-19.
Neil Sorohan CFO of Ryanair joined Joe this morning on the show.
50 years ago a small collection of desert provinces ruled by emirs on the Arabian peninsula broke its links with Britain and formed a country called the United Arab Emirates.
Now one of those emirates RAS Al Khaimah is hoping to put itself on the world tourism map - having been overshadowed somewhat by its richer fellow emirates: Dubai and Abu Dhabi. Raki Phillips is CEO of the UAE’s ‘Ras Al Khaimah’ Tourism Development Authority and joined Joe on the show.
You may not have heard of the German company Phoenix or even McKesson Europe. But you doubtless know its brands United Drug, Lloyds Pharmacy, Median Healthcare and TCP Homecare. The Phoenix purchase of McKesson makes it one of the biggest pharmacy retailers and wholesalers in Europe. But will it change anything for Irish consumers and companies?
Paul Reilly, Chief Executive Officer of McKesson Ireland – now Phoenix IRL joined Joe on the show this morning.
Almost ¾ of a million homes in Ireland are heated using nonrenewable natural gas which also creates toxins in the environment. One possible solution to replacing that natural gas is biomethane.
So Gas Networks Ireland which runs the pipes and cables into our homes - is seeking out ways to tap into that abundance and improve Ireland’s emissions to boot
David Kelly Director of Customer and Business Development with Gas Networks Ireland joined Joe this morning.
Foodservice is the general term used for all food prepared and consumed outside of the home such as restaurants, pubs, hotels, coffee shops to workplace canteens, hospitals etc.
A report from Bord Bia the state agency which supports the sale of Irish food - has found that while the industry has rebounded to pre-pandemic levels, there are many challenges ahead.
Speaking to Joe this morning was Maureen Gahan from Bord Bia's Foodservice.
Web Summit 2022 is underway in Lisbon. Many startups from around the world will showcase in the exhibition hall, meeting with potential customers and investors.
One of the Irish companies on site this year is VisionR, which looks to offer bricks and mortar retailers customer insights from their stores, similar to what e-commerce companies receive from cookies and analytical software.
Co-founders Oran Mulvey and Shane O’Sullivan spoke to Newstalk’s Technology Correspondent, Jess Kelly about their business in Lisbon.
By mid-2026 33% of all board directors and 40% of all non-executive directors must be women. It raises the bar for many companies that may be in male-dominated industries traditionally. Polling from the institute of Directors here in Ireland has found that their members prefer targets rather than fixed quarters. For more on this Joe spoke to Caroline Spillane who is the Managing Director of the Institute of Directors.
EY is in the top 4 consultants and bookkeepers in the world and they've just voted to split the company in two.
Here in Ireland the firm is on a hiring spree and is looking to place 900 additional staff over the next year. EY like so many firms has its finger on the pulse of many sectors and who better to tell us how things are out there in the economy than Frank O'Keefe - EY’s Managing Partner.
A new law coming into force in January will have a notable impact on employers. It concerns a protected disclosure from employees who are usually known as whistleblowers and it means that if staff see wrongdoing, they can report it and not be fired. . For more on this Joe spoke to Linda Hynes, Partner in Employment Law at Lewis Silkin’s Dublin office.
Laura Bourke is a female entrepreneur with a passion for getting more women into the workforce.
Laura is the founder of Aspire Recruitment and Flexi Desk and president of Network Ireland Tipperary and spoke to Jonathan this morning.
21% of Irish Firms have been affected by the threat of cyber or invoice fraud and this figure rises dramatically to 70% for large companies employing more than 100 people.
That’s according to new research commissioned by Leinster-based general insurance and financial planning broker LHK group.
Colm Kelleher is the Managing Director of LHK Group and joined Jonathan this morning on the show.
Aidan Donnelly from Davy for a look at some of the business news in the papers this morning.
The European Central Bank will deliver another major interest rates hike today to tackle soaring inflation, as Eurozone countries succumb to recession.
What does it mean for us, costumes? Jonathan asked Shane Quinlan, Economist and Managing Director of Financial Services Sherry Fitzgerald.
Irish employees are strongly interested in professional development and investing in their upskilling, according to the new report released by UCD Professional Academy.
What should be done to make our workforce more competitive? Aaron McKenna, CEO of UCD Professional Academy told Jonathan on the show this morning.
Irish costumers are eating out less often and they are cutting out on grocery shopping buy choosing cheaper brands to tackle rising costs of living, according to the report recently released by Paypal.
Is this self-imposed frugality affecting the hospitality sector?
Let’s ask Adrian Cummins, CEO of the Restaurant Association of Ireland joined Jonathan this morning to discuss these findings.
If there’s a brand more synonymous with traveling to Ireland, it is CIE Tours.
The country’s leading tour operator celebrates its 90 years on the market.
So how is the business doing 90 years on? Stephen Cotter Chief Operations Officer, CIE Tours International, joined Jonathan on the show.
There have been two interest rates hikes in 3 months within the eurozone. We’re all braced for another one this week. But is there a risk that the ECB cut kill the economy as it hopes to kill inflation which is stuck at 10%.
Pearse Conaty is head of EURO rates with Bank Of Ireland spoke to Joe with more on this.
Niall Carson the Managing Director of Free Now has been awarded business person of the month for October. Niall joined Joe on the show to talk about his business which is now the largest taxi-booking app in the country.
“Newstalk’s Business Person of the Month is with thanks to Eversheds Sutherland – Irelands largest and most established global law firm”
Declan Murphy was the target for an abduction when he used to be a senior executive with the security company G4S. After two such attempted abductions, he decided to change jobs and found the recruitment process simply not good enough.
Declan Murphy is the founder and boss of Allsorter which helps in the recruitment space and Declan spoke to Joe this morning on the show.
There may be 200,000 Irish people who have worked in the UK and may be entitled to part of the British state pension. But you might soon miss out on an opportunity to draw down the UK state pension if you worked there for a number of years because the window is closing.
Mel Morgan Pensions Adviser UkStatepensionAbroad.com spoke to Joe this morning on the show.
Fresh hopes for progress on Cork Events Centre comes following the announcement of €15m in Budget 2023 for the project. The proposed centre, which was first approved 10 years ago, has met several snags over the past decade.
Seamus Heaney, Head of Visit Cork joined Jonathan Healy on the show this morning with more on this.
All this week on the show been speaking to some of Ireland's newest and most unique SMEs. We found out who's behind them, what's their ethos, and how they’re navigating the current market.
Our final guest this week is Sheelin Conlon, Founder of The Kind, a Sustainable Lifestyle Store who spoke to Johnathan this morning.
What is your favourite brand? How important is Customer Service to you? Do you have a long memory when it comes to what annoys you about companies?
A recent survey brought some interesting results in terms of Brand appreciation and joining Joe this morning was Cathy Summers, the Chief Executive of the CX company which carried out the survey
Today’s SME is Edventure Innovator which has launched a sports-themed board game. Think of FIFA 2023 but for Gaelic football. It’s called Bainesteoir which is of course manager
Business Editor Joe Lynam takes a run-through of some of the main business stories in today's papers.
Today’s SME is a technology company with the goal of spreading higher-speed broadband services to remote parts of Ireland. He is not part of the official national broadband scheme but is making a difference in delivering higher speeds for the world of remote working that many of us want to live in.
Patrick Cotter is the founder of Rural Wi-Fi and spoke to Joe on the show this morning.
Many of us wish we had the foresight and money to invest in some technology companies in their early stages. Jason Stockwood did that and was one of the early investors in last minute.com and one of the bosses of match.com. He is now the owner of Grimsby town football club. Jason spoke to Joe this morning on the show.
Today’s SME is the personal mobility business and saving the planet business. Jarlath Gantly Managing Director, CoMotion Mobility Solutions joined Joe on this show broadcast live from Shannon Airport.
EI Electronics is one of the biggest manufacturers of fire and carbon monoxide alarms for companies and households in Europe. They’ve been making them here in Shannon since the 1980s. t. It’s an Irish success story by any measure and yet many people are surprised to hear is all done locally
Mick Guinee is the Chief executive of EI Electronics and joined Joe who was broadcasting from Shannon Airport.
It was pretty tumultuous few days in UK, market wise and politically. How has the pound reacted to sacking Kwasi Kwarteng as UK's Chancellor of the Exchequer and Jeremy Hunt coming in? We ask Jeremy Cook from Audere Solutions, who joined Joe on the show.
We all know the feeling. You come home exhausted from work and scour the fridge to rustle up some sort of food for either yourself or your loved ones. But you're missing this condiment or that key ingredient. Hello Fresh are the global experts in supplying meals that are ready for the wok or oven. But up to now they weren't available in Ireland. That changes this week and Philip Doran is the boss of Hello Fresh and he joined Joe in the studio .
All this week on the show I’ll be speaking to some of Ireland's newest and most unique SMEs. We will be finding out who's behind them, what their ethos is and how they’re navigating the current economic situation.
And today’s SME is in the recruitment business but focuses a lot more on hiring people for reasons other than just money.
Paul McClatchie, founder and CEO of specialist financial and professional recruiters, Engage People joined Joe on the show today.
Today SIRO, a joint venture between the ESB and Vodafone, says it aims to have speeds of up to 2 gigabits per second for its customers in Dublin as part of its €50m investment.
For more on this, Joe was joined by Ronan Whelan, the chief commercial officer with SIRO.
The iodine used by doctors to examine the internal organs is among the more crucial things for diagnosing issues within the body. Much of it is made in Co Cork by GE Healthcare and now the company has announced plans to expand its facilities in Ireland and hire 170 new people. Kevin O'Neill - President and CEO of GE Healthcare Pharmaceutic Diagnostics and spoke to Joe this morning.
It has been one year since Facebook rebranded the company to Meta and unveiled its vision for the creation of the Metaverse. Earlier this week Mark Zuckerberg gave further insight into the next iteration of the internet and the $1.5 billion VR developer eco-system.
Newstalk’s Technology Correspondent, Jess Kelly looks back on the first year of the rebrand.
The EU’s stated goal is to create 100 smart and carbon-neutral cities in Europe by 2030. Among those cities are Cork and Dublin. But making ancient towns connected and carbon neutral is a big task in less than 8 years.
Liam O’Brien - Chair of the Vodafone Ireland Foundation joined Joe this morning to discuss further.
Microsoft Ireland has this morning announced its plans to invest a further €3 million into its innovation and education hub, Dream Space, over the next four years.
James O’Connor is Vice President of Microsoft Business Operations International, but also the Site Lead in Ireland. Newstalk’s Technology Correspondent, Jess Kelly went to the Microsoft HQ in Leopardstown to find out more about the Irish operation, but also that €3 million investment…
Enterprise Ireland is the agency responsible for boosting exports from Ireland overseas. Last year the company is that it assisted exports worth more than €27 billion. But as we face into an uncertain future and possibly even a recession all around us, is that job made even more difficult?
Leo Clancy is the Chief executive of Enterprise Ireland and spoke to Joe this morning on the show.
4 Years ago Google alongside Twitter, Facebook and the main technology platforms signed up to a code of practice in which they promised to take down Disinformation or fake news before it spreads around the world.
But we ask this morning do the tech giants need to do a whole lot more to diminish Disinformation? Joe discusses this with Ryan Meade Government Affairs and Public Policy manager at Google Ireland.
This morning on the show Joe spoke to Vice president of the EU Commission Vera Jourova about protecting journalists from intimidation and the Ukraine war and more.
The economy on paper at least is doing ok. Unemployment is at record lows. Consumer spending and tax receipts have held up quite well. But the number of companies being formed is down 16% compared to this time last year. Why and is it an ominous sign?
Discuss this and more was Christine Cullen, Managing Director of Vision-net which provide a credit rating for companies and examines startups and liquidations.
For quite a while people used to regard jobs in the retail sector as merely temporary and just until something else comes along. Retailers despair at the high turnover of staff that they have to endure. But have we the wrong conception of careers working in shops? For more on this Joe spoke to Anne Rigney, Musgrave, Director of Talent, Learning & Development.
October is Cyber Security month – and this topic remains high on the agenda here in Ireland in the wake of the ransomware attack on the HSE last year.
Newstalk’s Technology Correspondent, Jess Kelly has met with the National Cyber Security Centre and the Garda National Cyber Crime Bureau to hear how they fight attacks of this nature on a daily basis.
Wind energy provided 24% of Ireland’s electricity in September and 31% for the past 12 months.
It’s welcome news given soaring wholesale gas prices. But renewable energy providers have been able to sell their electricity for huge prices because all electricity is linked to gas prices. So what do they think of a looming windfall tax?
Noel Cunniffe, CEO of Wind Energy Ireland joined Joe this morning on the show
Few could claim that the ruling Tory party conference was a success. So just how economically or reputationally damaged is the UK economy after the budget (non budget) and a series of U turns?
Mike Horan is with BNY Mellon Pershing in the UK spoke to Joe this morning on the show.
Today the independent think tank, the ESRI publishes its analysis in the quarterly economic commentary. It highlights the slowdown expected next year and the risks of falling into recession.
Joining Joe this morning was Conor O’Toole from the ESRI.
It was the best of times in the worst of times when it comes to the hotel sector. After a very buoyant summer with the return of American tourists. As winter beckons, soaring energy prices fall off, and demand will doubtless have an impact on the sector.
For more on this Joe spoke to Dan O’Connor is the Head of Ireland hotels at the real estate experts JLL.
The latest Central bank forecasts are out. It says that modified domestic demand - which is a much better benchmark for the Irish economy than GDP due to our oversized multinational sector - will grow by 6.4% this year and a more modest 2.3% next year.
Robert Kelly is the Acting Director of Statistics with the Central Bank of Ireland who spoke to Joe Lynam this morning.
In 2006, we were building 16 homes per 1000 people in Dublin. Today we are building only 4. It’s one of the more stark findings in a piece of research into residential land supply in Ireland and underlines why we have such a housing crisis at the moment whereby rental property is more expensive here than in Paris.
The author of that report out today is John Ring, Director of Research at Savills Ireland who spoke to Breakfast Business this morning.
10 days, 4 denials and 1 major Bank of England intervention later, Britain’s finance minister - known as the Chancellor has cancelled his proposed scrapping of the top rate of income tax for those earning more than £150k.
It follows a very negative reaction on the markets including a pounding of the Pound all last week. One man who knows how international markets work is Professor David Blanchflower and joined Joe on the show this morning.
The sports, exercise, and well-being sector is one of the largest service industries in Ireland and globally. Ranging from small to large enterprises, many are run by sports-professionals.
Maynooth University has announced the launch of a new degree in Business with Sports Science – Bachelor Science/Bachelor Business Administration, starting in 2023.
Peter McNamara, Head of the School of Business at Maynooth University joined Joe on the show this morning.
The number of companies failing or winding up rose by 31% in the third quarter of this year compared to the previous quarter.
A new report by the consultants PWC suggests that the economic damage could reach as much as €6 billion. Ken Tyrrell Head of Insolvency at PWC spoke to Joe this morning on the show.
Business Editor Joe Lynam takes a look at today's main business stories featured in the main business pages and websites.
Stephen Kelly set up a company to boost training for employers so that they could understand the needs of the estimated 600,000 in Ireland with disabilities.
Now he trains some giant companies and the Irish government is one of his biggest clients. Stephen Kelly Founding and Managing Director of Ability Focus. and he’s been chosen as our inaugural BPTM.
Newstalk's Business Person of the Month with thanks to Eversheds Sutherland - Ireland's largest and most established global law firm.
Stephen Kelly set up a company to boost training for employers so that they could understand the needs of the estimated 600,000 in Ireland with disabilities.
Now he trains some giant companies and the Irish government is one of his biggest clients. Stephen Kelly Founding and Managing Director of Ability Focus. and he’s been chosen as our inaugural BPTM.
Newstalk's Business Person of the Month with thanks to Eversheds Sutherland - Ireland's largest and most established global law firm.
Earlier this month a deal was struck between the port of Amsterdam, the Port of Cork, and an Irish company EIH2 to export hydrogen from Cork – as part of the long-term battle to decarbonise our energy mix at a time of soaring fuel costs. But there’s still lots to do including the construction of brand new infrastructure in the southwest and even a wholesale change of mindsets.
Catherine Sheridan from EIH2 spoke to Joe from Cork
Earlier this month a deal was struck between the port of Amsterdam, the Port of Cork, and an Irish company EIH2 to export hydrogen from Cork – as part of the long-term battle to decarbonise our energy mix at a time of soaring fuel costs. But there’s still lots to do including the construction of brand new infrastructure in the southwest and even a wholesale change of mindsets.
Catherine Sheridan from EIH2 spoke to Joe from Cork
How well placed are Irish companies on the road to digitalisation and being ready for the 21st-century?
Three Ireland, which assumed control of O2 seven years ago, doesn’t think that the government is doing enough to help with the digitalisation process. With more on this Joe spoke to Eoin MacManus is the Chief Business Officer at Three Ireland.
How well placed are Irish companies on the road to digitalisation and being ready for the 21st-century?
Three Ireland, which assumed control of O2 seven years ago, doesn’t think that the government is doing enough to help with the digitalisation process. With more on this Joe spoke to Eoin MacManus is the Chief Business Officer at Three Ireland.
Frank O’Connor Chief executive of the National Treasury Management Agency or the NTMA spoke to Joe this morning about the fact that the NTMA said it had enough money and wouldn’t need to go for any bond sales for the rest of the year. It’s a dramatic transformation since the financial crisis and especially when compared to our near neighbour in the UK whose government has to pay double what the Irish Government is to sell bonds.
Frank O’Connor Chief executive of the National Treasury Management Agency or the NTMA spoke to Joe this morning about the fact that the NTMA said it had enough money and wouldn’t need to go for any bond sales for the rest of the year. It’s a dramatic transformation since the financial crisis and especially when compared to our near neighbour in the UK whose government has to pay double what the Irish Government is to sell bonds.
€11 billion makes the budget announced yesterday by the coalition, the biggest ever spending splurge since the foundation of the state. To take an in-depth look at Budget 2023 Joe was joined by two experts from the consultant's Grant Thornton Tax Director Sarah Meredith and also Andrew Webb Chief Economist.
€11 billion makes the budget announced yesterday by the coalition, the biggest ever spending splurge since the foundation of the state. To take an in-depth look at Budget 2023 Joe was joined by two experts from the consultant's Grant Thornton Tax Director Sarah Meredith and also Andrew Webb Chief Economist.
Today is Budget Day and the papers are full of what we can expect to hear from the Government later today. But what does this budget need to include in order to help businesses large and small?
Karen Frawley is tax partner with Deloitte and gave us more details on what businesses should expect.
Today is Budget Day and the papers are full of what we can expect to hear from the Government later today. But what does this budget need to include in order to help businesses large and small?
Karen Frawley is tax partner with Deloitte and gave us more details on what businesses should expect.
Tax cuts for the ‘squeezed middle’ are likely to be a priority for the Government in the upcoming budget – with a new 30% income tax band under consideration.
Marian Ryan, Consumer Tax Manager at Taxback.com joined Emmet on the show this morning with more on this.
Tax cuts for the ‘squeezed middle’ are likely to be a priority for the Government in the upcoming budget – with a new 30% income tax band under consideration.
Marian Ryan, Consumer Tax Manager at Taxback.com joined Emmet on the show this morning with more on this.
Domino's Pizza is looking to create 1000 new jobs in order to meet the demand for pizza during the World Cup
Scott Bush, Chief Executive, Domino’s Pizza Group Ireland joined Gavin this morning on the show.
Domino's Pizza is looking to create 1000 new jobs in order to meet the demand for pizza during the World Cup
Scott Bush, Chief Executive, Domino’s Pizza Group Ireland joined Gavin this morning on the show.
Grocery delivery app Buymie has done a deal with Woodies to provide delivery of Woodies’ products to people’s homes
Devan Hughes, CEO, Buymie spoke to Gavin this morning.
Grocery delivery app Buymie has done a deal with Woodies to provide delivery of Woodies’ products to people’s homes
Devan Hughes, CEO, Buymie spoke to Gavin this morning.
Volkswagen is trying to list Porsche at 80pc of the value of VW as a whole – how is this possible?
Conor Maguire, author, Value Situations Newsletter spoke to Gavin with more on this.
Volkswagen is trying to list Porsche at 80pc of the value of VW as a whole – how is this possible?
Conor Maguire, author, Value Situations Newsletter spoke to Gavin with more on this.
Gavin takes a look at today's business markets and new stories with Aidan Donnelly from Davy.
As prices soar, Irish consumer sentiment has plummeted to its lowest level since 2008
Austin Hughes, Economist spoke to Gavin with reaction to this report.
More than €200m has now been loaned via online lending platform Linked Finance – but how is the future looking amid a turbulent economy
Speaking to Gavin this morning was Niall O’Grady, chief executive, Linked Finance.
More than €200m has now been loaned via online lending platform Linked Finance – but how is the future looking amid a turbulent economy
Speaking to Gavin this morning was Niall O’Grady, chief executive, Linked Finance.
As prices soar, Irish consumer sentiment has plummeted to its lowest level since 2008
Austin Hughes, Economist spoke to Gavin with reaction to this report.
Deputy Business Editor Gavin McLoughlin takes a look a some of the main business stories this morning.
Deputy Business Editor Gavin McLoughlin takes a look a some of the main business stories this morning.
O’Mahonys, one of Ireland’s largest independent booksellers, has made significant investments in eCommerce. Why is that worth doing when the competition is Amazon?
To discuss further Gavin spoke to Colette Cotter, store manager, O’Mahony’s
Mahonys, one of Ireland’s largest independent booksellers, has made significant investment in ecommerce. Why is that worth doing when the competition is Amazon?
Colette Cotter, store manager, O’Mahony’s
O’Mahonys, one of Ireland’s largest independent booksellers, has made significant investments in eCommerce. Why is that worth doing when the competition is Amazon?
To discuss further Gavin spoke to Colette Cotter, store manager, O’Mahony’s
Mahonys, one of Ireland’s largest independent booksellers, has made significant investment in ecommerce. Why is that worth doing when the competition is Amazon?
Colette Cotter, store manager, O’Mahony’s
Euronext Dublin says tax breaks should be given to founders who sell shares as part of an IPO, in order to encourage more flotations.
Daryl Byrne, CEO, Euronext Dublin spoke to Gavin this morning.
Euronext Dublin says tax breaks should be given to founders who sell shares as part of an IPO, in order to encourage more flotations.
Daryl Byrne, CEO, Euronext Dublin spoke to Gavin this morning.
Deputy Business Editor Gavin McLaughlin takes a look at some of today's business stories.
Difficulties can arise when outside directors join founders on company boards. We get expert advice on how to navigate these problems
For more on this Gavin spoke to Kieran Moynihan, Managing Partner, Board Excellence
Difficulties can arise when outside directors join founders on company boards. We get expert advice on how to navigate these problems
For more on this Gavin spoke to Kieran Moynihan, Managing Partner, Board Excellence
Irish companies and workers are slow to embrace employee share ownership and should be encouraged to do so, according to the Irish ProShare Association
Marie Flynn, chairperson of, Irish ProShare Association spoke to Gavin this morning.
Irish companies and workers are slow to embrace employee share ownership and should be encouraged to do so, according to the Irish ProShare Association
Marie Flynn, chairperson of, Irish ProShare Association spoke to Gavin this morning.
Deputy Business Editor Gavin McLaughlin takes a look a some of today's main business stories.
Ronan Reid is one of the best known figures in Irish business. From his early days in NCB, to setting up his own business Dolmen, to selling up to Cantor Fitzgerald, he has been a fixture in Irish stockbroking for decades. That industry - like many others – is now facing a substantial threat from cheap internet brokers. To discuss that threat and lots more besides – Ronan joined Gavin McLoughlin and Joe Lynam as the latest guest in Newstalk's summer series of extended interviews with top business leaders.
Ronan Reid is one of the best known figures in Irish business. From his early days in NCB, to setting up his own business Dolmen, to selling up to Cantor Fitzgerald, he has been a fixture in Irish stockbroking for decades. That industry - like many others – is now facing a substantial threat from cheap internet brokers. To discuss that threat and lots more besides – Ronan joined Gavin McLoughlin and Joe Lynam as the latest guest in Newstalk's summer series of extended interviews with top business leaders.
Deputy Business Editor Gavin McLoughlin takes a look at some today's main business stories.
The average interest rates paid by mortgage holders in Ireland has actually fallen - despite 2 large rate hikes in 6 weeks by the ECB. Ireland has traditionally paid twice the Eurozone average for their home loans.
Is this the start of normalisation of Irish rates or just a blip? For more on this Joe spoke to Trever Grant the chair of the Association of Irish Mortgage Advisors.
The average interest rates paid by mortgage holders in Ireland has actually fallen - despite 2 large rate hikes in 6 weeks by the ECB. Ireland has traditionally paid twice the Eurozone average for their home loans.
Is this the start of normalisation of Irish rates or just a blip? For more on this Joe spoke to Trever Grant the chair of the Association of Irish Mortgage Advisors.
As part of our series of long-form interviews with key business leaders in Ireland Gavin McLoughlin & Joe Lynam caught up with Eamon Crowley the Chief executive of Ireland’s 3rd largest bank Permanent TSB.
As part of our series of long-form interviews with key business leaders in Ireland Gavin McLoughlin & Joe Lynam caught up with Eamon Crowley the Chief executive of Ireland’s 3rd largest bank Permanent TSB.
We take a quick look at some of today's business stories featured in this morning's business papers and websites.
Small companies up and down the country have seen their input costs jump since the end of COVID-19. They've struggled to get and retain staff after lockdowns and the so-called Great Resignation.
Breakfast Business has brought together 3 different SMEs in 3 varying industries to tell us about what they need to hear from Paschal Donohoe on Sept 27th. Speaking to Joe this morning was Nathan McDonnell Ballyseedy Home and Gardens & Smashburgers Co Kerry, Colin Ahern Kilkenny Ormonde Hotel Kilkenny, and Brian Hopkins Ezewarm Underfloor Heating Smart Controls Mayo .
Small companies up and down the country have seen their input costs jump since the end of COVID-19. They've struggled to get and retain staff after lockdowns and the so-called Great Resignation.
Breakfast Business has brought together 3 different SMEs in 3 varying industries to tell us about what they need to hear from Paschal Donohoe on Sept 27th. Speaking to Joe this morning was Nathan McDonnell Ballyseedy Home and Gardens & Smashburgers Co Kerry, Colin Ahern Kilkenny Ormonde Hotel Kilkenny, and Brian Hopkins Ezewarm Underfloor Heating Smart Controls Mayo .
Business Editor Joe Lynam takes a look at some of the business stories in this morning's newspapers and websites.
It’s Google’s International Small Business Week. They commissioned the market research company Amarach to see what SMEs were worried about and Gerard O’Neill from Amarach joined Joe on the show this morning.
It’s Google’s International Small Business Week. They commissioned the market research company Amarach to see what SMEs were worried about and Gerard O’Neill from Amarach joined Joe on the show this morning.
This time last year the average price of wholesale energy used to create electricity was around €47 per megawatt/hour. Today in Europe it’s closer to €300.
The political pressure is on to do something at national and EU level and today the President of the EU commission - Ursula Von der Leyen - gives her much anticipated State of the European Union speech.
Joining Joe to discuss what to expect today was Barry Colfer from the International Institute for European Affairs.
This time last year the average price of wholesale energy used to create electricity was around €47 per megawatt/hour. Today in Europe it’s closer to €300.
The political pressure is on to do something at national and EU level and today the President of the EU commission - Ursula Von der Leyen - gives her much anticipated State of the European Union speech.
Joining Joe to discuss what to expect today was Barry Colfer from the International Institute for European Affairs.
Joe Lynam takes a look a some of the main business stories featured in today's papers and websites.
The services sector accounts for almost three quarters of the Irish economy and consumption i.e. shopping accounts for half of that. Retailers were walloped by COVID-19 lockdowns. Now it’s being walloped again by energy prices which are 5 times what they were a year ago.
Another important sector in Ireland is the food manufacturing and agribusiness sector which is also facing soaring input costs including animal feed and fertiliser. Both food and retail are hoping for respite in the forthcoming budget on the 27th of this month. But will they get it? Joining Joe to discuss further was Duncan Graham - Retail Excellence Ireland and also David Leydon, Head of Food & AgriBusiness at IFAC.
The services sector accounts for almost three quarters of the Irish economy and consumption i.e. shopping accounts for half of that. Retailers were walloped by COVID-19 lockdowns. Now it’s being walloped again by energy prices which are 5 times what they were a year ago.
Another important sector in Ireland is the food manufacturing and agribusiness sector which is also facing soaring input costs including animal feed and fertiliser. Both food and retail are hoping for respite in the forthcoming budget on the 27th of this month. But will they get it? Joining Joe to discuss further was Duncan Graham - Retail Excellence Ireland and also David Leydon, Head of Food & AgriBusiness at IFAC.
Business Editor Joe Lynam takes a look at some of the business stories in today's newspapers.
A new report shows Irish construction activity shrunk again in August – albeit at a lower pace than in July
Gavin McLoughlin was joined on the show by John McCartney, director of research, BNP Paribas Real Estate Ireland.
A new report shows Irish construction activity shrunk again in August – albeit at a lower pace than in July
Gavin McLoughlin was joined on the show by John McCartney, director of research, BNP Paribas Real Estate Ireland.
New figures show that while the amount of venture capital raised by Irish firms grew in the first half, there was a significant slowdown in growth in the second quarter
Sarah-Jane Larkin, director general, Irish Venture Capital Association joined Gavin McLoughlin on the show this morning.
New figures show that while the amount of venture capital raised by Irish firms grew in the first half, there was a significant slowdown in growth in the second quarter
Sarah-Jane Larkin, director general, Irish Venture Capital Association joined Gavin McLoughlin on the show this morning.
Gavin McLoughlin, Newstalk's Deputy Business Editor takes a quick look at some of the business stories in today's newspapers and websites.
A new book outlines why it’s still important to travel for business in the world of Zoom and Teams.
Oliver Dowson, Author of 'There Is No Business Like International Business' joined Gavin this morning on the show.
A new book outlines why it’s still important to travel for business in the world of Zoom and Teams.
Oliver Dowson, Author of 'There Is No Business Like International Business' joined Gavin this morning on the show.
With a chorus of voices warning Germany is set for recession, we get an update from Europe’s largest economy
Arthur Sullivan, Journalist with DW Business spoke to Gavin this morning on the show.
With a chorus of voices warning Germany is set for recession, we get an update from Europe’s largest economy
Arthur Sullivan, Journalist with DW Business spoke to Gavin this morning on the show.
On Monday the biggest ever fine was imposed by an Irish regulator on any company. Instagram which is owned by Meta and is a sister company of Facebook must pay €405m for failing to protect teenage users and for allowing them to access Business accounts on Insta despite being as young as 13.
Meta says the fines were disproportionate and the technical errors which permitted these minors to access business services have long since been corrected. But my next guest believes there is something deeper wrong at Insta and Meta.
Angel Maldonado is the CEO of Empathy.co and she joined Joe Lynam on the show.
On Monday the biggest ever fine was imposed by an Irish regulator on any company. Instagram which is owned by Meta and is a sister company of Facebook must pay €405m for failing to protect teenage users and for allowing them to access Business accounts on Insta despite being as young as 13.
Meta says the fines were disproportionate and the technical errors which permitted these minors to access business services have long since been corrected. But my next guest believes there is something deeper wrong at Insta and Meta.
Angel Maldonado is the CEO of Empathy.co and she joined Joe Lynam on the show.
Europe’s energy ministers meeting in Brussels tomorrow. Normally these meetings are only followed by experts in the field and politicos. But not this time. Most of the continent will be watching this one and waiting for solutions to an impending explosion of fuel bills as the thermometer drops and days get shorter.
But what can ministers do at an EU level that individual member states couldn't do themselves? Marie Le Mouel from the Bruegel institute in Brussels joined Joe Lynam on the show.
Europe’s energy ministers meeting in Brussels tomorrow. Normally these meetings are only followed by experts in the field and politicos. But not this time. Most of the continent will be watching this one and waiting for solutions to an impending explosion of fuel bills as the thermometer drops and days get shorter.
But what can ministers do at an EU level that individual member states couldn't do themselves? Marie Le Mouel from the Bruegel institute in Brussels joined Joe Lynam on the show.
We take a quick look at some of the business stories in today's newspapers and websites.
We take a quick look at some of the business stories in today's newspapers and websites.
The European Central Bank meets tomorrow morning in Frankfurt and at quarter past one Irish time will tell us not whether they will raise the cost of borrowing but by how much?
Joining Joe this morning to discuss this key decision that will affect all of us was John Fahey - Senior Economist with AIB.
The European Central Bank meets tomorrow morning in Frankfurt and at quarter past one Irish time will tell us not whether they will raise the cost of borrowing but by how much?
Joining Joe this morning to discuss this key decision that will affect all of us was John Fahey - Senior Economist with AIB.
Business Editor Joe Lynam takes a look at the main business stories featured in today's business pages and websites.
We take a quick look at some of the business stories in today's newspapers and websites.
Liz Truss will be Britain’s new Prime Minister. She will inherit one of the weakest economies in Europe and certainly one heading in the wrong direction. What will Trusseneomics look like?
To discuss with Joe this morning was Andrew Sentence is a renowned economist who used to set interest rates for the Uk within the Bank of England's Monetary policy committee and also Seamus Nevin from Make-UK.
Liz Truss will be Britain’s new Prime Minister. She will inherit one of the weakest economies in Europe and certainly one heading in the wrong direction. What will Trusseneomics look like?
To discuss with Joe this morning was Andrew Sentence is a renowned economist who used to set interest rates for the Uk within the Bank of England's Monetary policy committee and also Seamus Nevin from Make-UK.
Brighton-based Cloud9 Insight has a “dog-friendly” office policy. Would you be comfortable with dogs in your office?
Carlene Jackson, CEO, Cloud9 Insight joined Gavin on the show this morning.
Renewables developer Strategic Power Projects has lashed out at Ireland’s planning system, saying it is hindering the country’s efforts to meet our climate targets
Paul Carson, CEO, Strategic Power Projects spoke to Gavin this morning on the show.
Deputy Business Editor Gavin McLoughlin takes a look at some of today's business stories featured in this morning's newspapers and web pages,
Britain gets a new prime minister on Monday after 80,000 people out of a population of 65 million choose the next leader of the Conservative party. The new inhabitant of Number 10 downing street will inherit a poisoned chalice with soaring inflation and debt as well as threats of breaking up the United Kingdom. It might even be the election to lose for whoever is vanquished. To discuss the economic and business challenges Joe Lynam was joined by Mike Horan BNY Mellon Pershing.
A major new piece of legislation with respect to pensions comes into force at the end of this year. It has the sexy title of IORP II EU directive. The long and short of it is that employers and pension trustees need to get their act together to make sure they meet the new rules. One of the world‘s largest professional advisors AON is urging employers to decide whether to keep their so-called “own trust“ model or switch to a new master trust in which employers pull their savings for their staff into a bigger pot.
Mairead O’Mahony Head of Wealth Solutions at Aon IRL joined Joe Lynam on the show.
Business Editor Joe Lynam takes a look at some of the business stories in today's papers and websites with Aidan Donnelly of Davys.
Darren O'Reilly played professional rugby for Leinster, Harlequins, and even the junior squads with Ireland. In that time he’s seen how athletes should eat correctly and now has started his own business promoting nutritional needs whilst balancing a busy lifestyle.
His company is called WholSupp and Darren O’Reilly spoke to Joe on the show this morning.
In mid-March 2020, like so many other airlines, Emirates effectively shutdown its operations in Ireland. Travel restrictions dictated it. Last year it restarted a single flight from Dublin to Dubai and today it restarts its second daily service from Ireland to the global Emirates network adding up to 700 passengers a day.
Joining Joe this morning on the show was Enda Corneille the head of Emirates IRL.
Business Editor Joe Lynam takes a look at some of the business stories in today's papers and websites.
Three is Ireland's largest mobile network with around 3.3 million customers. The company arrived in Ireland 18 years ago and Robert Finnegan was employee number 1. He has been the CEO ever since and recently sat down with Newstalk's Jess Kelly and Gavin McLoughlin for an in-depth discussion about the growth of the company, challenges during Covid and the benefits of 5G.
The Budget is just under a month away. And given the soaring cost of energy, it could prove to be a truly impactful one. Small companies will need just as much support as households. So what should we expect?
Joining Joe on the show this morning was Nicola Quinn, Tax Partner, PwC Ireland.
Joe takes a look at some of the main business stories featured in today's papers and websites.
Business Editor Joe Lynam looks at some of today's business stories featured in this morning's newspapers.
We are getting increasingly familiar with Fintech companies. They are of course technology companies at their heart but they operate in the financial space and are ruffling feathers with traditional banks and even insurance companies.
A new Fintech company has announced that Dublin will be their European headquarters. Ralph Dangelmeier Chief Executive with BlueSnap spoke to Joe this morning on the show.
The budget is in exactly 4 weeks from today. And given the soaring cost of energy, it could prove to be just as monumental as the emergency budgets and support packages announced at the start of lockdowns in 2020.
So what should we expect? Over the next few weeks, we’ll hear perspectives from small and large companies and we’re gonna start with the employer's lobby group IBEC. Joining Joe today was Gerald Brady Chief Economist with IBEC.
The Government is considering introducing a windfall tax on the profits of energy companies in the Budget.
So how would such a tax work?
Lisa Ryan, Professor in Energy Economics at UCD School of Economics and UCD Energy Institute joined Jonathan Healy on the show.
The rise in the cost of living is having a significant effect on both the homebuying, home renovation, and rental markets.
That’s according to a new consumer sentiment survey from MyHome.ie.
Joanne Geary, Managing Director of MyHome.ie spoke to Jonathan Healy on the show.
Jonathan Healy takes a look at the stories making the business pages this Monday morning.
Digital hubs have been an essential part of many communities around the country over the last number of years, as remote working became the norm. The Hive in the heart of Carrick-on-Shannon was one of the first to open its doors in 2013 and continues to serve the local community as they adapt to life post-pandemic.
Newstalk's Technology Correspondent, Jess Kelly went out to meet Colm Keane to find out more about the benefits of being based in Leitrim.
The Eurozone economy is teetering on the brink of Recession. German GDP - its largest component is probably already shrinking. Italian bond yields are starting to rise again ahead of elections next month which may produce a far-right populist government.
To look at these issues Joe spoke to Mij Rahmen the Director for Europe at the Eurasia Group.
The pandemic has changed how many of us work and how many of us commute. But are we really going to see the end of the office? Jeremy Myerson is the author of the book the UNworking and he believes that how and where we work is going to change and employers will have to change with it.
Exactly 6 months ago the world woke up to the news that Russian troops had crossed the border into Ukraine. A new European war had begun. In that time thousands of Ukrainians died and millions were displaced.
To take stock of the impact of the war Joe was joined on the show by James Waterhouse BBC’s Ukraine Correspondent, Jason Corcoran an Irish expert on Russia and also Matti Maasikas - Eu Ambassador to Ukraine.
Business Editor Joe Lynam takes a look at some of today's business stories featured in the newspapers.
As many companies know, wages are going up, land is going up and almost everything else is going up in price. So my next guest provides a way of doubling storage capacity within a warehouse and allows distribution companies to work 24 hours a day with less staff. Moffett automated Storage in County Monaghan is doing exactly this.
Joining me now is Sam Moffett from Moffett storage
A while ago one of the biggest global consultancy companies, PWC said that they would no longer insist on a university grade 2.1 or higher when looking to recruit staff. It’s a sign that the power pendulum between employers and employees has shifted noticeably towards workers. But will it dilute productivity and even profits?
Cillian McEvoy from the headhunters Robert Half spoke to Joe on the show this morning.
With fewer government supports available, more businesses are getting into financial trouble. Will insolvencies return merely to normal levels or will there be a more significant wave?
Declan de Lacy, Partner, PKF O’Connor, Leddy, and Holmes spoke to Gavin with more on this.
Tool-making giant Hilti is launching a new suite of 70 high-tech tools designed to make builders more efficient.
Damien Schmutz General Manager, Ireland, Hilti spoke to Gavin this morning.
Deputy Business Editor Gavin McLoughlin takes a look at some of the stories in today's business pages.
Wine o’clock is less popular as sales of wine in Ireland fell 13pc in 2021. To discuss this decline in sales Gavin was joined on the show this morning by Jonathan McDade, Director, Drinks Ireland.
Deputy Business Editor Gavin McLoughlin kicks off the show with a look at some of the business stories in today's newspapers.
As the wholesale gas price hits new highs and supplies from Russia remain low, is Europe prepared for peak demand in winter?
For more on this, Gavin spoke to Tom Marzec-Manser, head of gas analytics, ICIS.
Two Irish guys have set up an eSports business with the fastest human on earth Usain Bolt and talking to Joe this morning was one of the founders Steve Daly Chief Executive of Wylde.
One of Ireland’s biggest issues is not getting jobs for the people that live here but getting somewhere for them to live. To get rents and house prices down is to build more homes but that’s a slow and often weather-dependent process.
Could offsite construction speed things up? For more on this Joe spoke to John O’Shaughnessy Managing Director of Clancy Construction.
Business Editor Joe Lynam takes a run-through of some of the business stories featured in today's papers.
Super business professionals often hire professional personal assistance to help organise their social events.
An Irish lady who has made quite a bit of heat from that business is called Miss Jones London and now she’s opened a similar concierge service in Ireland. Lisa Boissel who owns Miss Jones Ireland joined Joe on the show this morning.
There are plenty of reports to suggest that Brexit is having a chilling effect on Britain’s exporters and that debt levels are set to soar for the UK government just as it gets a new prime minister. To unpack some of those issues was Victoria Scholar, Head of investment at an Interactive Investor who spoke to Joe this morning.
There are many market commentators who have said that the Russian economy has weathered the sanctions brought on by its invasion of Ukraine better than expected.
Natalia Shapoval is the Vice-President of the Kyiv School of Economics who compared to other oil-dependent economies such as Saudi Arabia and joined Joe this morning on the show.
Every year billions of dollars are extorted from companies all over the world by hackers and state-backed rogue traders. It’s a dilemma that every single company faces. Once they are hacked, should they pay the ransom and enrich gangsters or should they risk their own and their clients’ personal data being sold all over the world.
Elaine Hanley, who is a Partner at IBM Security Services in Dublin believes that companies should never pay a ransom and Elaine spoke to Joe this morning on the show.
Business Editor Joe Lynam takes a look a some of the business stories in today's papers.
A new report on the construction sector shows business activity shrunk rapidly in July.
John McCartney, Head of Research, BNP Paribas Real Estate Ireland takes a look into the research results.
The company behind the Camile Thai restaurant group plans to invest a further €2m for growth.
Brody Sweeney, CEO, Camile Food Group joined Gavin on the show this morning.
Deputy Business Editor Gavin McLoughlin takes a run through some of the business stories featured in today's newspapers.
We hear about the cost of marine insurance for companies with Mike McDonnell who runs Viking tours in the midlands.
The EPIC museum on Dublin's docklands was voted Europe’s best tourist attraction 3 years ago - beating competition from The Eiffel Tower and Buckingham palace.
But the business was devastated by Covid-19 lockdowns and now it’s hoping to use its status to challenge international stereotypes about Irish people. Aileesh Carew from EPIC spoke to Joe this morning
Business Editor Joe Lynam takes a look at some of this morning's business stores in today's business pages.
Newstalk’s Technology Correspondent, Jess Kelly, and our Deputy Business Editor Gavin McLoughlin sat down with Conor Pierce, Corporate VP for the UK and Ireland for an in-depth chat about where the company is.
Irish rental prices had reached an all-time high with a nationwide average rent of over €1600. In Dublin, the figure was nearly €2200 a month.
We ask why rental prices are at an all-time high with Pat Farrell Chief Executive of the Irish Institutional property which represents large landlords.
Business Editor Joe Lynam takes a run through some of the business stories featured in today's papers.
What happens to those foil-lined bags is that they end up in landfill and take decades to decompose. Now a company in Clonmel is selling tortilla chips in bags that are 100% recyclable.
Joining Joe this morning was the Founder and Chief executive of Nino Blanco Tortilla Chips Philip Martin.
We are passionate about supporting Irish companies at the startup and scale-up stage of life. One thing they nearly always need is financial support. But banks are often slow to lend to startups or even scale-ups.
That’s where private equity and venture capital comes in. Laura Dillon runs Waterland private equity and plans to spend €100m over the next 12/18 months to support the growth of Irish companies. Laura joined Joe on the show this morning.
Business Editor Joe Lynam takes a look at some of the business stories in today's newspapers.
What’s the most important attribute that a business leader or manager needs? Sound judgment, entrepreneurial skill, profit-oriented? Or is it perhaps compassion?
That’s the view of author Manley Hopkinson who is also the head of the compassionate leadership academy and joined Joe on the show this morning.
We have nearly become customers of the presence of international companies here which provides very well-paid jobs and make Ireland one of the wealthiest countries in Europe. The downside of that is the dependency on foreign direct investment at the expense of creating our own national champions. One body thinks we need to wean ourselves off on that dependence venture capitalists
Joining Joe this morning was Sarah Jane Larkin -the Director General of the Irish Venture Capital Association.
Business Editor Joe Lynam takes a look at some of today's business stories featured in the mornings newspapers.
How did AMTD Digital, a company with 50 people, end up becoming worth 450bn? Paul Sommerville, Sommerville Advisory Markets told Gavin more about AMTD Digital.
As Musgrave calls for a new support scheme for food retailers, we assess the state of things with James Burke, retail advisor, James Burke and Associates.
A young upstart bottled water brand is trying to take on the big guns. Speaking to Gavin this morning was Aidan Roche, founder, and CEO, of Defiant Water.
Meath firm Turmec has won a €30m contract to design a recycling plant in Australia amid an increasing focus on the circular economy.
Geoff Bailey, CEO, Turmec joined Gavin this morning on the show.
We review the big stories in this morning’s newspapers and the latest market developments with Aidan Donnelly from Davy.
Equine Medi Record expands globally with 10 million in funding. Pierce Dargan Chief Executive of Equine Medi Record joined Gavin this morning on the show to chat about their expansion.
A new set of exchequer returns was released last night. To discuss the results Gavin spoke to Peter Vale Tax Partner from Grant Thornton.
BP posted phenomenal results yesterday but it appears the oil industry is not making the investment in further production capacity that might ordinarily be expected
Robert Maxwell, who is an Oil Analyst gave his reaction to these results.
As one e-commerce CEO admits he was wrong to bet that soaring pandemic-era growth would continue, has the move to online shopping been overhyped?
Deputy Business Editor Gavin McLoughlin takes a look at some of the business stories in today's papers.
New research shows many consumers believe money-off deals actually cause them to spend extra
Bernie Coyne, Managing Director, Coyne Research spoke to Gavin this morning with more on this.
A new report on the health of Ireland’s manufacturing sector shows output shrunk in July for a second consecutive month
Oliver Mangan, Chief Economist, AIB gave Gavin his reaction to this report's results.
Deputy Business Editor Gavin McLoughlin takes a look at some of the business stories in today's papers.
New figures show a significant reduction in personal injury awards and claims. For more on the findings of this report, Gavin spoke to Rosalind Carroll, CEO, PIAB.
Do sluggish retail sales figures point towards a recession in Ireland ? To discuss Gavin spoke to Alan McQuaid, Independent Economist.
Deputy Business Editor Gavin McLoughlin takes a look at today's business pages and markets with Aidan Donnelly from Davy.
Gavin McLoughlin and Joe Lynam caught up with Declan O’Rourke who's the Chief executive of one of the biggest insurers in Ireland, Aviva as part of our summer series of interviews of senior business leaders on Newstalk.
Business Editor Joe Lynam takes a look at some of the main newspapers' business stories.
60% of personal injury claims settled by the personal injury assessment board - designed to save money for everyone and keep insurance premiums down - are being rejected by Judges.
To discuss further Joe spoke to Stuart Gilhooly SC, solicitor and senior counsel in H J Ward, solicitors which specialises in personal injury.
European energy ministers met yesterday to discuss proposals to slash energy demand by 15% this winter.
Christel Delburghe is the director-general with Euro commerce which represents European retailers and wholesalers joined Joe this morning on the show with more on these proposals.
Business Editor Joe Lynam takes a look at some of today's business stories in this morning's papers.
Amid soaring energy and food costs, sometimes we might be tempted to cut back on other costs including health insurance.
Laura Brien is the Chief Executive of the Health Insurance Authority which regulates insurers and wants us to do an audit of what cover we have and what we think we’ll need
Google has gotten together with the Local Enterprise offices to start a programme called ‘You're the Business’. The idea is to get small companies online, ready to roll in a fully digital world, and enable them to expand internationally.
Speaking to Joe this morning was Alice Mansergh who is the Director of Small business with Google (Ireland).
Newstalk Business Editor Joe Lynam takes a look at some of the business stories featured in today's newspapers.
A new group of barristers has been set up to tap into potential huge market for banks needing legal advice post Brexit. It’s called the Financial Services Bar Association and its Treasurer who is also a senior counsel Elizabeth Corcoran joined Joe on the show this morning.
We take a review and analysis of Ryanair’s just-released results for its first quarter with Eoghan Corry, travel journalist.
A new report shows the amount of venture capital invested in Irish firms almost halved in q2.
Anna Scally, partner, and fintech lead, KPMG in Ireland joined Gavin on the show this morning.
Deputy Business Editor Gavin McLoughlin takes a quick look at some of the stories in today's business pages.
Should we continue to burn fossil fuels like gas or should you scrap all plans to even drill for new sources of natural gas? To discuss this further Joe spoke to Brian O'Cathain Chairman of Europa which wants to drill near the existing Corrib gas field.
For the first time, the sales of lottery tickets in Ireland exceeded €1 billion last year.
From that revenue, €304m went back to so-called ‘good causes. Joining Joe this morning was Andrew Algeo the Chief Executive of Premier Lotteries Ireland.
Business Editor Joe Lynam and Aidan Donnelly from Davy takes a run-through of some of today's business pages and market news.
It’s every Finance Minister’s nightmare, having to place the economy into deep freeze and paying millions of people to simply stay at home. The economy experiences dual inflation and oil shocks as well as the repercussions of a war on the European continent. All the issues for the Minister for Finance Paschal Donohoe.
Gavin McLaughlin and Joe spoke to the Minister in the first of Newstalk Business summer special interviews and began by asking which was more challenging: the shock of sudden lockdowns or dealing with the crippling inflation we have at the moment?
Newstalk has learned that unlike normal households, small companies have to pay a large lump sum in cash to many energy suppliers in advance - before they're even allowed to sign a contract with set energy prices.
It’s having a major impact on cash flow for SMEs and causing their costs to soar. To discuss this further Brian Goff from the food court in St Stephen Green Shopping Centre spoke to Joe this morning.
Last April the government published plans to introduce auto-enrolment for all workplaces as part of a drive to get us all to save for our retirements.
One of the biggest pensions providers Irish Life has raised a few concerns about the auto-enrolment plan including its delayed rollout?
Oisin O’Shaughnessy is Managing Director at Irish Life Corporate Business joined Joe on Breakfast Business this morning.
Business Editor Joe Lynam takes a look at some of the business stories in today's newspapers.
The consultants PWC have polled 3½ thousand companies worldwide -including a few dozen here in Ireland. They’ve been asking them about risk and what their concerns are amid soaring prices and a war on the European continent.
For more on this Joe spoke to Richard Day, Risk Assurance Leader, PWC Ireland.
Could some of the biggest names in celluloid be soon coming to Co-Westmeath.? Planning permission has been given for almost half a million sq feet of studio space in the Lough Sheever Corporate Park in Mullingar.
Paul Chesney is the chief executive of Hammerlake the company behind this huge campus in the Midlands and he joined Joe on the show this morning.
Newstalk Business Editor Joe Lynam takes a look at business stories in today's newspapers.
With temperatures soaring, the owner of well-known ice cream business Teddy’s outlines the challenges and opportunities for the sector
Yasmin Khan, owner, of Teddy’s spoke to Gavin on the show this morning.
Restaurants are busy but are exposed to increased input costs with salmon and steak among foods that have become more expensive.
Barry McNerney, CEO, of Unify Ordering, spoke to Gavin this morning on the show.
Deputy Business Editor Gavin McLoughlin takes a run through of Monday's business stories.
Irish people don't really eat that much fish for an island nation surrounded by water. Shine’s seafood in Donegal is the only company to catch and sell Albacore Tuna and wild Irish sardines.
John Shine is the founder and boss of shine food and joined Joe on the show this morning.
Board meetings used to be once a quarter and always in person. Not so anymore. A company called Diligent specialises in providing real-time information to company directors all over the world in order to improve governance.
Its site leader, Ruairí Conroy, spoke to Joe on the show this morning.
Newstalk's Business Editor Joe and Aidan Donnelly from Davys take a look at today's business news and markets.
Business Editor Joe Lynam takes a look at some business stories in today's newspapers and websites.
When you see your favourite sports stars on talent or celebrity shows or even endorsing products, it’s because they've got a good agent. Trevor Twamley is the boss of Sport Endorse runs an online agency to bring together guest bookers with sportsmen and women. Trevor spoke to Joe on the show this morning broadcasting from St Andrews.
The gold is getting underway at St Andrew's. Alongside the best players in the world, some of the biggest global companies are here touting their wares. Among them is Mastercard which will be showcasing the latest ways we will be paying for stuff in future.
Jess Turner is the Exec Vice president for Mastercard for Open banking joined Joe on show broadcasting live from St Andrews.
One of the largest passenger ferry company in Ireland is based in Doolin Co Clare. Most of Doolin Ferries business goes to the Aran Islands and they recently made an acquisition to boost the scale of the company. But soaring cost of diesel which is getting worryingly high
Liam O’Brien General Manager of Doolin Ferries joined Joe on the show this morning.
After the trauma of lockdown we now have the concerns of rampant inflation. How does that make you feel about your retirement planning? More or less secure? Are we postponing our savings or being prudent?
Alan McCarthy from Standard Life whose latest pensions pulse is out now joined Joe on the show this morning.
Business Editor Joe Lynam takes a look a some of the business stories in today's newspapers and websites.
David Harley has seen a lot of comings and goings in the EU and was a witness to a fascinating case of ‘what could have been’ which deprived Ireland of its only chance to have someone as President of the European Commission. He’s written it all down in a book called Matters of Record: Inside European Politics (Diaries 1992-2010).
David joined Joe on the show this morning.
Enterprise Ireland has published their annual review, showing that the companies they have fostered and encouraged to export their products overseas have all made record profits.
For more on the findings of their annual review, Joe spoke to Leo Clancy Chief Executive of Enterprise Ireland.
Irish banks are struggling to increase trust levels with the Irish public, with farmers particularly distrustful.
Marion Kelly, chief executive of the Irish Banking Culture Board joined Gavin this morning on the show.
A new report shows activity in the Irish construction sector has shrunk for the first time in 14 months
John McCartney, Head of Research, BNP Paribas Real Estate Ireland spoke to Gavin about the findings of this report.
Deputy Business Editor Gavin McLoughlin takes a look today business stories in this morning's papers.
A private member’s bill proposes that many Irish SMEs should have at least 40pc women on their boards. For more on this Gavin spoke to Emer Higgins, Fine Gael TD.
The Irish Data Protection Commission is a step closer to banning Facebook and Instagram’s transfer of EU user data to the US. The move could see Facebook and Instagram shut down in Europe altogether, according to the social networks’ parent company
Adrian Weckler, Technology Editor, Irish Independent joined Gavin on the show this morning with more on this.
Deputy Business Editor Gavin McLoughlin takes a look a today's business markets and newspapers with Aidan Donnelly from Davy.
My next guest designs and publishes digital twin versions of physical objects including buildings. You may ask why you’d want a digital copy. But having extremely high resolution Digital twins, allows planners and bosses to make decisions about their physical assets without having to discommode anyone or even move objects.
Anand Mecheri Chief executive Invicara which has its headquarters in Ireland joined Joe Lynam on the show.
As with all economic Bulletins, there is good news and bad news. The good news is that Ireland is on course to grow substantially by European standards at 4.3% this year and slightly less next year. The bad news is of course inflation is dampening enthusiasm and confidence. Mark Cassidy from the Central Bank of Ireland joined Joe Lynam about the latest economic forecast.
Business Editor Joe Lynam takes a look at some of the business stories in today's papers.
Young people between 15 and 18 years old often need advice and guidance about what to do with their lives and their careers. They especially need to think outside the box.
The Big Idea initiative is calling out for more mentors to help teenagers with the aim of reaching 4000 students throughout Ireland. Niamh Cooney from the Big Idea joined Joe this morning on the show.
Quite a few companies have been dormant and inactive during the pandemic and there was no obligation to file as many returns to the taxman as usual. Now there is a warning that unless you file some sort of return your company that you may not be using on a regular basis could be wound up and struck off.
Paula Horan from the Company Bureau joined Joe this morning on the show with more on this.
Business Editor Joe Lynam takes a look at some of the business stories in today's papers.
For the past 50 years, Britain and especially London has been the home for international dispute resolutions. Brexit has changed much of that and now many legal professionals in Ireland believe that Dublin could steal some of the dispute resolution business from London for the rest of the EU.
Partner in the Dispute Resolution & Litigation Group at Evershed Sutherland lawyers, Graham Kenny spoke to Joe this morning on the show.
Yesterday the Government published its Summer economic statement. These things are usually uneventful matters but with nearly everyone feeling the pinch, this one was significant.
For more on what was announced yesterday Joe spoke to Dr Tom McDonnell, Nevin Economic Research Institute and Loretta O'Sullivan Chief Economist with Bank of Ireland
Business Editor Joe Lynam takes a look at some of today's business stories in Tuesday's papers.
The Small Firms Association has issued a series of policy demands ahead of the upcoming budget.
Graham Byrne, Chair, Small Firms Association spoke to Gavin this morning on the show.
Investor appetite for European commercial property appears to be softening, although Ireland seems to be bucking the trend, according to a new report from CBRE.
Speaking to Gavin this morning was Marie Hunt, Head of Research and Consultancy, CBRE Ireland
Deputy Business Editor Joe Lynam takes a look at some of the business stories in today's newspapers.
Each day this week we have been celebrating some of the best SMEs the country has to offer! It’s with thanks to An Post Commerce proud to help SME’s to grow and succeed.
Our final guest this week is Siobhan Ni Ghairbith from St Tola’s Goat’s Cheese who is based in Ennistymon in Co Clare. She turned her back on being a primary school teacher to creating artisan cheeses with 300 goats.
The Nigeria Ireland Trade & Investment Summit starts today in UCD. It’s a chance for policymakers and companies to explore the business links between Ireland and Africa’s biggest country
Already there’s plenty of trade between the 2 nations but it’s only scratching the surface of possibilities. The Nigerian ambassador to Ireland Her Excellency Ijeoma Obiezu joined Joe on the show this morning.
Business Editor Joe Lynam takes a look at today business markets and websites with Aidan Donnelly, Davy.
Each day this week we’ll be celebrating some of the best SMEs the country has to offer! It’s with thanks to An Post Commerce proud to help SME’s to grow and succeed.
Joining Joe this morning was Ruth Deasy from Bears Coffee which started with a single kiosk in Blackrock co Dublin but has blossomed since and even survived the forced lockdowns.
The Horizon Irish golf open commences today in Mount Juliet in Kilkenny. It’s been a tough 2 years with mass lockdowns and now soaring inflation. And then there’s the sheer cost of getting into and staying in Ireland as well as moving around it.
Failte Ireland is one of the main sponsors of the event and Joe spoke to Martin Donnelly Manager Golf Product and Sales Distribution at Failte Ireland.
Business Editor Joe Lynam takes a look through some of the main business stories in today's newspapers.
Each day this week we’ll be celebrating some of the best SMEs the country has to offer! It’s with thanks to An Post Commerce proud to help SME’s to grow and succeed.
Today Joe spoke to Pat Ryan from Ryans Cleaners.
The G7 group of the world leading industrialised nations including the EU, have discussed imposing costs on Russia for its invasion of Ukraine. Alongside sanctions which have now been in place for five months, they are now proposing a cap on the price paid for oil. But this could have major unintended consequences for users and consumers. Joining Joe on the show this morning was James Bevan is a specialist consultant in the energy sector
Business Editor Joe Lynam takes a look at some of the business stories featured in today's newspapers.
Business Editor Joe Lynam takes a look through some of the stories featured in today's business pages
The World Bank lends money to help developing nations by working with governments. An important part of the World Bank called the IFC works with the private sector to find solutions to the problems caused by climate change as well as long term poverty and health issues. The IFC also works with a slew of Irish companies. Joe was joined on the show by Emmanuel Nyirinkindi who is IFC’s Vice President of Cross-Cutting Solutions.
Sams Barbers have a chain of seven salons throughout Ireland and also they run coffee shops. It's boss Sam Donnelly, is the fourth generation of his family to run the business and he has a lot to say about incentives and benefits being paid in Ireland.
This SME day, we profile Blacks Brewery and Distillery in Kinsale. How do they plan to cash in on the Irish whiskey boom?
Sam Black, Managing Director, Blacks Brewery and Distillery joined Gavin on the show this morning.
Deputy Business Editor Gavin McLoughlin takes a look at some of the business stories in today's papers.
Plant-based sausage maker Thanks Plants has raised funding for growth in the rapidly expanding meat alternatives industry.
Aisling Cullen, co-founder of Thanks Plants joined Gavin this morning on the show.
House prices in Ireland have been soaring by unsustainably high rates of around 14% year on year. But are we set to see that slowing down? The latest survey from MyHome.ie suggests that Rising interest rates, affordability concerns and overall economic inflation may be set to temper sky-rocketing demand.
Conall MacCoille who is the author of the MyHome Property Price Report joined Joe on the show this morning.
Business Editor Joe Lynam takes a look at today's business stories and markets with Aidan Donnelly from Davy.
An Mheitheal Rothar or - the Bike team is based in Galway shopping centre with the mission to encourage cycling in the city. It’s not been made easier though with awful traffic jams and by recent decisions by councillors against cycle lanes.
An Mheitheal Rothar is also an example of a social enterprise and Cathy Coote is the founder and owner and joined Joe on the show this morning.
Six months ago you'd have needed $65,000 to buy one single bitcoin. Now you need less than a third of that. Digital currencies have collapsed in value and some suspect they will never recover. But have rumours of their death been exaggerated?
Haydn Jones is an expert on Blockchain with PwC which is the platform on which cryptocurrencies are based and joined Joe on the show this morning.
Business Editor Joe Lynam takes a look at some of the main business stories featured in Thursday's Newpapers
The US, UK and many other advanced economies look as if they’re heading for a recession. But thankfully not Ireland. The latest snapshot from the respected think-tank the ESRI says we’ll continue growing this year and next thx to our massive Multinational presence.
Conor O'Toole spoke to Joe on the show this morning from the ESRI.
Revolut claims to have 2 million customers in Ireland and the vast majority of them are under the age of 40. Now the Irish bank often slow to react to start-ups has agreed to create a new payments app that they hope will steal back market share from young customers.
It’s called SYNCH but the app won’t be called that. Charlie Weston is the Personal Finance Editor of the Irish Independent and joined Joe this morning on the show.
Would you like to know how far the food you eat has come to get to your plate or more especially how much carbon was consumed from farm to fork? That is one of the services that an Irish company offers. It’s called Nutritics and Elbha Purcell joined Joe on the show to discuss that and the use of data to help the hospitality sector deal with climate change
Business Editor Joe Lynam takes a look at some of the main business stories featured in today's newspapers.
According to the global recruiters Indeed, Ireland is the 5th best place in Europe to work - behind Luxembourg, Switzerland, Britain, and Germany. But with rampant inflation, high personal taxes and hardly anywhere to live, does Ireland deserve to be 5th?
To discuss Joe spoke to Jack Kennedy Economist at Indeed and Seán Healy from Social Justice Ireland.
The government has announced a new multi-million Euro package to support digital start-ups in Ireland. It comes as Ireland becomes increasingly dependent on technology companies for tax revenue. Some even say that Ireland should set aside a sovereign wealth fund to take advantage of the corporation tax windfall from tech giants here which may dwindle or even disappear in the future. Others say that the IDA should no longer actively seek new jobs for Dublin because it’s full up. All issues for Robert Troy TD is the Minister of State with responsibility for Trade Promotion, Digital and Company Regulation and spoke to Joe on the show this morning.
Business Editor Joe Lynam takes a run through a some of the business stories featured in today's newspapers.
As interest rates rise along with fears of a recession, what is the outlook for mergers and acquisitions activity? To discuss further Gavin was joined on the show by Ted Webb, CEO, IBI Corporate Finance
A new report finds 32pc of Irish consumers intend to reduce spending over the next six months, with inflation running rampant
Owen McFeely, director, PwC Ireland Retail and Consumer Practice spoke to Gavin with more on this report's findings.
Deputy Business Editor Gavin McLoughlin takes a look at some of the business stories in today's newspapers.
A new report outlines the geographical profile of Ireland’s tech sector, and the types of jobs our techies are doing.
To discuss the findings of the report Gavin spoke to Paul Mac Flynn, Co-Director, NERI
Webio provides artificial intelligence chatbots to the collections and payments industry. It has just raised $4m and outlined its plans for growth.
Cormac O’Neill, Chief Executive at Webio spoke to Gavina about their future plans.
Deputy Business Editor Gavin McLoughlin takes a look at today's business stories and markets along with Aidan Donnelly, Davy.
Inflation is higher than most countries in Europe and growth the slowest in the G7 group of large economies. Added to that there could be a trade war with its biggest trading partner. Things don't look great for the UK at the moment. But some of the causes are very much self-inflicted. For more on this Joe spoke to Seamus Nevin who is the chief economist with Make UK which represents British manufacturers.
Inflation is accelerating and there's a war going on in Europe for the first time in a generation. All issues were tackled by the Central bank of Ireland in its Financial Stability Review yesterday. Director of Financial Stability Vasileios Madouros from the central Bank joined Joe on the show this morning with more details from its review.
Business Editor Joe Lynam takes a look at some of the stories featured in today's business pages.
The cost of borrowing for the EU’s 3rd largest economy is soaring. Italian bond yields or the interest rates payable for the Government in Rome are at around 4%. They were just above zero 3 years ago. That’s starting to worry the powers that be in the EU and the ECB.
Joining Joe to discuss Italy and the Eurozone is Federico Santi from the Eurasia Think tank
According to the latest index of global brands, Apple has reclaimed its spot as the most valuable brand in the world. Google came second with Amazon third. There was only one European brand in the top Ten - Louis Vuitton. But with soaring inflation and spending power eroded, will the shine come off some of these brands? Martin Gurreira, Global Head of Kantar BrandZ spoke to Joe this morning with more on this.
Business Editor Joe Lynam takes a look through some of the business stories in today's business papers and websites.
With a possible trade war looming after Britain plans laws to override the NI protocol, the World Trade Organisation could be center stage. That’s because if the EU were to suspend or scrap the trade deal agreed with Britain only 2 years ago, it could lead to Britain trading on so-called WTO rules with Ireland. That could be very disruptive and expensive. Coincidentally, the WTO Ministerial Conference took place this week with the Tanaiste Leo V in attendance.
Victor Stolzenburg from the WTO now spoke to Joe Lynam on the show.
Alcohol demand is falling demonstrably in Ireland and around the West. It’s especially falling out of favour among young people. And yet selling booze - notably whiskey in this country - is an important part of the Irish economy and a source of substantial tax revenue. So Far the government has increased the taxes on alcohol and set a minimum price per unit below which it can't be sold.
There’s a big conference being held in Dublin this week for the spiritsEUROPE Congress and they’ve plenty to consider. Chris Swonger, the President & CEO of the Distilled Spirits Council of the US and for the European perspective, Ulrich Adam, Director General of Spirits Europe both joined Joe Lynam on the show.
A closely watched gauge of Ireland’s construction sector shows growth in the industry has slowed for three months in a row. John McCartney, head of research, BNP Paribas Ireland joined Gavin McLoughlin on the show.
As EY and Deloitte mull plans to hive their consulting divisions off into separate businesses, what does the accounting industry of the future look like? Eamonn Siggins, CEO, CPA Ireland spoke to Gavin McLoughlin this morning.
Gavin McLoughlin Deputy Business Editor at Newstalk takes a look at Monday's business papers and websites.
As Leo Varadkar warns excessive pricing could cost the industry its 9pc VAT rate, how is Ireland’s hospitality sector set to cope this summer? Declan Taite, managing director, Kroll Ireland spoke to Gavin McLoughlin Deputy Business Editor at Newstalk.
Gavin McLoughlin Deputy Business Editor takes a look at the latest market developments with Aidan Donnelly of Davy.
Gavin McLoughlin Deputy Business Editor was joined by Aidan Donnelly from Davy for a look at the main business stories of the day.
Students of economics will know all about Stagflation - a period of stagnant growth but with moderate to high inflation. Many thought it was consigned to the history books. Not so according to the OECD which says the Russian invasion of Ukraine has changed the outlook dramatically for the global economy. It thinks Irish GDP will grow by 2.8% next year but slashed UK growth to 0% - the lowest in the G7. Joe Lynam was joined from Paris by senior economist at the OECD Dr David Haugh.
The time was when Dublin Bus was famous for its big noisy fleet trundling around the capital belching out black fumes. Things are changing and many buses are already hybrid and quiet but certainly not all. Now Dublin Bus is providing electric bikes to its employees as a way to travel between depots. Chief executive of Dublin Bus, Ray Coyne spoke to Joe Lynam on the show.
Business Editor Joe Lynam takes a look through some of today's business stories and market news.
Unemployment in Ireland is back to pre-pandemic low levels. So much so that we hear of bottlenecks (e.g. Dublin airport) and shortages of all types of labour. But in light of soaring inflation, and interest rates set to rise rapidly, are things changing in the hiring markets. Barry Whelan is the chief executive of Excel recruitment and he spoke to Joe Lynam on the show.
Bosch is one of the world's most famous engineering giants but like everyone, they have to adapt to a new world without carbon and using renewable energy. They are designing hydrogen engines for trucks these days and have opened a centre of excellence in Limerick to work on the driverless cars of the future. Joe Lynam spoke to the managing director of Bosch UK and Ireland Vonjy Rangakoba and began by asking him about that facility in County Limerick.
Business Editor Joe Lynam takes a look through some of the business stories in today's newspapers and websites.
We all know that the strategic challenge of shifting to renewable energy is how and where to store energy that has been created by wind, solar or wave, or other types of renewable. Battery storage is one of the key challenges. With me now is a company that advises other giant companies on how you can go about storing renewables. Paul Carson is the boss of Strategic Power projects and he spoke to Joe Lynam.
Many of us have become accustomed to falling retail prices and almost disposable fashion. Of course, it’s great for your wallet but not great for the environment or even the people that make the cheap clothes that we like to wear. In order to make retailers in Ireland more conscious of their environment and their supply chains, The government is introducing a $.20 charge on disposable coffee cups. But retailers think it’s the wrong signal on sustainability. Duncan Graham from Retail Excellence joined Joe Lynam on the show.
In Ireland people can access medicinal cannabis to treat chronic pain but you can be arrested for possession if you use it for recreational purposes. That’s the case in most European countries but certainly not in the US. 18 US states have now decriminalised cannabis - with New Jersey being the latest. When we spoke to Governor Phil Murphy on this show he told us that the tax revenues will eventually be substantial for his state.
Irishman Patrick McCartan who runs Regennabis which is at the focal point worldwide for the cannabis industry spoke to Joe Lynam.
We’ve covered the circular economy a few times on this show. This is where products are deliberately designed to be reused and not simply thrown away. Smartphones aren't yet designed for that but an industry is developing to refurbish and resell mobiles and I went to find out more this week in Dublin.
Before the invasion of Ukraine by Russia, few people in Western Europe at least gave much thought to further EU enlargement and other countries wanting to join the bloc. But now that war has reached our continent again, admitting new members has become a live issue. But should we?
Ian Bond is a director at the CER and joined Joe on Breakfast Business this morning.
Planning permission has been granted this week to create some of the biggest infrastructures to harness on and off shore wind power in Ireland. Once constructed in County Wicklow, the new distribution facility will link the proposed wind farm just off the coast of Arklow.
Is this the start of the green revolution that we have been waiting for? Barry Kilcline, Director of Offshore Development Ireland at SSE Renewables joined Joe on the show this morning.
Business Editor Joe Lynam takes a look through some of the business stories in today's newspapers and websites.
Technology may be the biggest single component of the Irish economy but financial services are probably the third biggest part. But its reputation hasn't fully recovered from the calamity of the financial crisis nor helped by tracker mortgage scandals in recent years nor by the fact that banks here charge twice the eurozone for mortgage interest rates.
All issues for the new Director of Financial Services Ireland (FSI) Group, Patricia Callan who spoke to Joe on Breakfast Business this morning.
Food production is a vital part of the Irish economy though far less important than it was 30 years ago. But with a war disrupting distribution, self-reliance on food - especially dairy products has become more salient.
The Irish Dairy board reckons that food could be the new gold and that’s why they've rebranded as Or Nua meaning ‘new gold’ John Jordan is the Chief executive of Ornua joined Joe this morning on the show.
Business Editor Joe Lynam takes a look through some of today's business stories and market news.
India has declined to impose sanctions on Russia after the invasion of Ukraine and pitted itself against America and the West. Are they being foolish or very clever? For more on this Joe spoke to Krish Nandakumar is a Harvard-educated India-born International lawyer specialising in South Asian affairs, currently completing master's in international relations from DCU.
Dublin airport is probably the single most important piece of infrastructure in Ireland. But do we have a bigger, wider problem with our infrastructure and why can we not build the so-called ‘grand projects?
Colm Mccarthy is one of the most renowned and respected economists in Ireland and someone who has written many reports for governments and Colm spoke to Joe on the show this morning.
Business Editor Joe Lynam takes a look at some of the business stories in today's business pages and websites.
A new experiment aims to measure how much more engagement the right accent can get from ad viewers Shane Brennan, Creative Director, FOE joined Gavin this morning to discuss.
As the ECB gears up to hike interest rates in July, what will be the impact on mortgage brokers and what should borrowers do? For more on this Gavin spoke to Joe Sheahan, Head Of Credit at MyMortgages.ie.
Deputy Business Editor Gavin McLoughlin takes a look at this mornings business stories and markets.
As Dell Technologies reports very strong results, the Managing Director of its Irish business Jason Ward joined Gavin on the show this morning to discuss how the company is faring here, plus outline how Irish firms can improve their resilience to cyber attacks.
Irish entrepreneur Colm Lyon CEO, Fire Financial Services spoke to Gavin this morning to discuss how his fintech business hopes to win customers from the departure of two of the main banks.
Deputy Business Editor Gavin McLouglin takes a look through today's business pages and latest market developments with Aidan Donnelly from Davy.
Ireland has some of the best fashion designers around these days- whether it’s Philip Tracey or Paul Costelloe or Louise Kennedy. There’s also a new batch of exciting young designers. They include Joanne Hynes whose fashion collection within Dunnes stores is doing well. How much of an industry is the fashion business in Ireland?
Joanne Hynes Designer joined Joe this morning on the show to discuss.
Six months ago the cost of producing a litre of milk by Irish farmers was around 20 cents. It’s now closer to 50 cents. For farmers and food producers, it’s turning into a really testing crisis. Pat O’Toole-the political correspondent of the Irish Farmer's Journal spoke to Joe on the show this morning.
Business Editor Joe Lynam takes a quick run through some of the main business stories in this morning's business papers and websites.
The circular economy is increasingly important whereby we reuse or refurbish things rather than buy them new. We’ve had refurbished mobile phones but now you can buy a refurbished great games console. One company Refurbed.ie which originally started in Austria has launched in Ireland its Marketing manager Pádraic Power joined Joe this morning on Breakfast Business.
It was established to reassure Germany in the run-up to creating the Euro in 1999. It’s been flouted by most member states of the Eurozone and its nickname was the ‘Stupidity’ pact which was the Growth and Stability pact. . But is the Growth & Stability pact defunct in light of pooled borrowing and bailouts?
Benoit Lallemand from Finance Watch in Brussels joined Joe on the show this morning.
Newstalk Business Editor Joe Lynam takes a look through some of the business stories in today's business newspapers and webpages.
Ireland had its best-ever month in terms of trade in March this year. And yet Irish companies still only trade 10% of our services with Asia - even though 3 of the top 7 economies in the world are in that continent. There is a seminar this week hoping to boost that statistic and some pretty big names will be at it including the Chinese and Indian ambassadors. To discuss Irish Asian trade Joe spoke to Deepak Chaudhari, Country Head Ireland, Tata Consultancy Services. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Property prices in Ireland rising at a rate of more than 15% year on year, it’s. The average total household income required to get that very first mortgage has risen to up to €77,000 Brian Hayes, Chief Executive, of the Banking and Payment Federation of Ireland joined Joe on the show this morning. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Business Editor Joe Lynam takes a look through this morning's business newspapers and websites. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
The number of companies being set up fell 12pc in the first quarter, compared to the same period last year. So what is going on? To discuss further Gavin spoke to Christine Cullen, Managing Director of Vision-Net. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
The pandemic has seen increased demand for executive education courses as managers seek to learn how to deal with hybrid working, sustainability challenges, and more. Helen Brophy, Director, UCD Smurfit Executive Development spoke to Gavin on the show this morning. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Gavin McLouglin takes a look at some of the stories in today's business newspapers. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Irish firm Dentaltech is looking to manufacture custom-made dentures quickly using 3D printing. Bevin Mahon,Managing Director, of Dental Tech spoke to Gavin this morning on the show. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Irish businessman Stephen Alexander joined Gavin on the show this morning to discuss the Nine Rivers distillery project. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
A review of this morning’s business pages and the latest market developments with Aidan Donnelly, Davy. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Last October, Facebook became Meta - and since then different global brands have unveiled their vision for the Metaverse, which is a more immersive virtual reality experience, where users can engage in conversations, shop, or enjoy gigs and other live events. Leinster Rugby and their innovation partner Bearing Point showcased their first venture into this new realm yesterday. This included a tour of a virtual Aviva Stadium. Newstalk’s Technology Correspondent, Jess Kelly was there and met with Kevin Quinn, Head of Commercial Marketing at Leinster Rugby who explained why the club is entering the Metaverse. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Barely a year after lockdowns eased let alone ended, only 1% of the total available properties for industrial or logistical use, is vacant. It follows an incredible surge in demand for space to make or ship things in Ireland - especially the capital. What does this tell us about our economy? To discuss further Joe spoke to Jarlath Lynn, Director of Industrial and Logistics at Savills Ireland. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Business Editor Joe Lynam takes a look through the business stories featured in today's business pages and websites. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Some adverts are memorable and others totally forgettable. Seán Higgins is the Managing Director of Future Proof Insights. He specialises in the use of Consumer Neuroscience and Neuromarketing where they use various biometric sensors to measure effectiveness using subconscious measures. Seán spoke to Joe on the show this morning to discuss what is the psychology that makes some adverts work? Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
It’s a big day for hundreds of would-be entrepreneurs today. It’s the final of the Student Enterprise Awards in which 24,000 young men and women took part. The top 5 businesses in each category have been whittled down and selected to attend the live showcase final where An Tánaiste, Leo Varadkar will announce the winners. One group of students who might well win something this morning is Brid, Eimear and Aine from Co Clare who between them have a wonderful little idea called BEA scrubs. Also joining Joe is and the event coordinator Padraig McElwee chair of the local enterprise offices. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Joe Lynam takes a look through some of Wednesday's business newspapers and websites. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
What are the big trends to watch for in the coming years? Jackie Fagan - President of the Project Management Institute in Ireland joined Joe to look at six megatrends we should watch out for. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Over the past few weeks we’ve spoken a number of times about employees having the whiphand these days as there is such competition for talent out there. But is that starting to change? To discuss further Joe was joined on the show by the key economist with the online recruitment website Indeed - Jack Kennedy. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Joe takes a look through Tuesday's business stories in today's newspapers and websites. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
There is good and bad news about how much money venture capitalists are pumping into Irish start-ups and scale ups. The good news, they invested more than ever in the previous quarter. The bad news is that they appear to be investing less in smaller start-ups that arguably need seed capital than before. Nicola McClafferty is with the Irish venture capital association joined Joe on the show this morning. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Ryanair has just published its results for the past 12 months. The Dublin and London listed giant airline made a LOSS of €355 million. That’s a decent improvement from the loss of more than €1 billion a year ago. Traffic figures are vastly improved from lockdowns a year ago but it is still 35% below pre Covid levels. To discuss the results further Joe spoke to Neil Sorahan CFO of Ryanair. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Business Editor Joe Lynam takes a look through Monday's business websites and newspapers. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
It’s exactly 50 years since Ireland voted overwhelmingly to join what was then the EEC and is now the EU. Back then Ireland’s main trading partner was Britain by a country mile. 50 years later and one of its main trading partners is Germany. Joe was joined on the show this morning by German Ambassador to Ireland Cord Meier-Klodt. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
you are interested in crypto currencies like bitcoin, then you will have noticed that the market has collapsed in recent days and weeks. From an all-time record high of almost $70,000 last year, BitCoin is now trading at around $27,000. One less well known cryptocoin - the Terra Luna token - fell from a high of $118, last month, to $0.09 on Thursday. Is this the end of cryptocurrencies at a risk hedge? Joining Joe this morning was Gavin Blessing from ICM Capital research which launched its own crypto-only fund last year. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Aidean Donnelly from Davy Stockbrokers joined Joe this morning to take a look through Friday's markets and business news. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
The bounce back in tax receipts from the lockdowns of 2020 and 21 has been astonishing. Chairman of the Revenue Niall Cody spoke to Joe on the show this morning. Listen and subscribe to Breakfast Briefing on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
This isn’t news to any house buyers out there but the difference between the asking price for properties these days and the actual sale agreed price has no reason to 9%. Many people would say that the market is completely dysfunctional, especially with soaring inflation and an economy recovering from lockdowns.Eddie O’Driscoll from the online estate agents auctioneera.ie joined Joe on the show this morning. Breakfast Business Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
It’s been a year since the global online payments platform and devices Square, which is also partly owned by the Twitter founder Jack Dorsey, opened its first outlet in Ireland. Now that lockdowns have ended Joe spoke to the head of their European business a man from Portlaoise Jason Lalor about the new products that are being launched and whether we would stay off using folding money. Breakfast Business Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Business Editor Joe Lynam takes a look through today's business pages and websites. Listen and subscribe to Newstalk Breakfast on Apple Podcasts or Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Food production and sales are very important parts of the Irish Economy. That’s why packaging and what your product looks like on the shelf and the material that you wrap your goods in, also matter. Import prices are up 20% for packaging and that's feeding soaring inflation. To discuss further Joe spoke to Lorcan Bannon - Associate Director for Food and Agribusiness at IFAC . Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Joe Lynam takes a look through some of the business stories feature in today's papers and websites. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Almost exactly a year ago, something pretty significant happened. A group of cybercriminals probably emanating from Russia effectively switched off the Irish public health system - the HSE. A year on what have we learned? Joe was joined on the show by Stuart Davis from Crowdstrike. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
It ooks pretty likely that the federal right to an abortion is coming to an end in the United States. For corporate America, it leads to a number of challenges. Joe spoke to corporate behaviour professor Mohammad Elahee from Quinnipiac University and asked him what companies would do if Rowe v Wade is overturned. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Last month, the government announced that Ireland would be creating its first statutory auto-enrolment scheme for the workplace. Joining Joe to discuss that and a number of other issues facing human resource managers is John Mercer is the Chief Executive of Mercer Ireland, Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Business Editor Joe Lynam takes a look through the business stories featured in today business papers and websites. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
No matter how small your company, change is coming due to some of the ambitious climate change rules and targets we’ve set ourselves. If you're in the dark, there’s a free masterclass in Dublin for any business at which they’ll walk you through what your company could do to slash its carbon consumption and the lady hosting it is Sue Garrard, a former EVP of Sustainable Business at Unilever and currently a sustainability strategy advisor to leading global firms and Sue spoke to Joe this morning. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Newstalk's Business Editor Joe Lynam takes a look through Monday's business papers. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
The NASDAQ listed company Horizon Therapeutics will formally open its new Global Headquarters on St. Stephen’s Green in Dublin today. s. David Caraher who is the Site Lead in their Dublin Global Headquarters Giants spoke to Joe on the show this morning. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Volkswagen, the world’s second-largest electric vehicle manufacturer by volume, has “sold out” of battery-powered models in the US and Europe for this year. Why has this happened, and are we seeing an electric car shortage in Europe? To discuss further Emmet spoke to Shane O’Donoghue, Editor with completecar.ie Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
The Reputations Agency will today announce the results of the Ireland RepTrak 2022 study, the largest and longest running study of reputation in Ireland. Which organisations came out on top? To discuss further Emmet was joined on the show by Niamh Boyle MD and founder of the Reputations Agency. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Emmet Oliver takes a look through some of the business stories that are featured in today's newspapers and websites. Listen and subscribe to Newstalk Breakfast on Apple Podcasts or Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Drone delivery firm, Manna, will create 50 new jobs at their Balbriggan base. Manna CEO, Bobby Healy, discussed the company's increasing workforce, as well as Manna's desire to expand to a European market.
Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Down to Business' Bobby Kerr takes a look through some of the main business stories in today's business newspapers and websites. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Even though many of the cars and motorbikes we ride around on are increasingly emitting zero emissions, the planes we fly in are still burning hydrocarbons at a ferocious pace. Technology is changing but probably not fast enough for many people. PwC's Dick Forsberg, Senior Aviation Finance Consultant and he discusses how the aviation sector is mitigating its environmental impact and the future of aviation. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Data centres in Ireland account for 14% of the total energy mix in this country. That’s more than all the rural homes here put together. So how do technology companies reduce their carbon footprint when one of the biggest emitters of carbon are the very server farms that dot com companies use the most? Ellen Moeller is one of the founders of Watershed which advises companies like Airbnb on how to reach net zero and Ellen spoke to Joe on the show this morning. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Business Editor Joe Lynam takes a look through some of the main business stories in today's business newspapers and websites. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Continuing our deep dive into the construction industry, Joe spoke to John McCartney joins from BNP real estate and Richard O’Farrell is with the consultant EDC who advises construction companies and discusses the soaring building costs in Ireland and how do we control them? Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Business Editor Joe Lynam takes a look through some business stories in today's newspapers and websites. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Dublin 2 has for decades been the most lucrative, most expensive, and most popular address for commercial investments on the island of Ireland. But in the latest report from BNP real estate, it appears investors have abandoned the postcode. To discuss this Joe was joined this morning by John McCartney joins us from BNP real estate and Richard O’Farrell is with the consultant EDC who advises construction companies Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
There’s a new phenomenon in the workplace where employees ghost their own employers and simply don't turn up for work because they've gotten a better offer elsewhere. For more on this Joe spoke to Damien McCarthy from HR Buddy. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Cloud computing is the way we store millions of gigabytes of data. Of course to do that you have to store it somewhere physically and that is usually data centres. They are the backbone of the Internet and Ireland has an outsized share of technology companies wanting data centres to be nearby. David Bourke MD of Munters Ireland manages data centres for some of the biggest technology companies in the world and David spoke to Joe this morning. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Business Editor Joe Lynam takes a look through Friday's business papers and websites. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
The second hand car market is booming. In some cases people are paying more for cars that are-year-old than the new list price because they don’t feel like waiting the months it often takes to get delivery from the garage. Model and car racer Jodie Kidd spoke to Joe about the trials and tribulations of selling a car these days. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Business Editor Joe Lynam takes a look at some of the business stories in today's papers and business websites. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
The chief executive of Bank Of Ireland Francesca McDonagh is stepping down. The news surprised quite a few people on Tuesday evening. Then on Wednesday morning, it emerged that she had already got a job at the Swiss banking giant Credit Suisse. We ask this morning should Ireland relax the cap for bankers ? Economist Jim Power joined Joe with more on this. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
New Jersey is a technology-driven services economy that is making the rapid transition away from carbon. Its Governor Phil Murphy - whose family hails almost exclusively from Co Cork was in Ireland this week on his first official international trip in 3 years. Governor Murphy joined Joe on the show this morning to discuss the business links between the two places. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Business Editor Joe Lynam takes a look through some business stories in today's newspapers. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Emirates has been operating flights from Ireland for a decade now offering twice-daily services to their hub in Dubai from Dublin up until the pandemic struck. But how is Emirates as an airline recovering from COVID-19 lockdowns ? Joe was joined on the show this morning by Enda Corneille Country Manager for Emirates. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Last week we spoke about using hydrogen as a solution. This morning we’ll talk about another type of gas: Helium. We all know it’s used to float a hot air balloon but Helium has plenty of uses and is the backbone of the Internet. David Minchin is the boss of Helium One Global spoke to Joe this morning. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Even before the Russian invasion of Ukraine, the world was facing a supply chain crisis. Ships that would have been traversing the oceans in 2020 and 2021 were not doing so and the explosion in demand after lockdown led to major problems getting parts from one factory around the world to another factory halfway around the globe. How do we solve a global supply crisis? To discuss further Joe spoke to Aidan Magnar from 3 Sixity.ie Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Business Editor Joe Lynam takes a look through some stories featured in today's business papers. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Ryanair’s head of sustainability joined the show to discuss the airline’s plan to get to net-zero by 2050. Thomas Fowler, head of sustainability, Ryanair spoke to Gavin on the show this morning. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Deputy Business Editor Gavin McLoughlin takes a look through some of the business stories in today's papers. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Jobs website Irishjobs.ie says the number of vacancies listed on its site was 44pc higher in q1 than it was in the same period last year. For more on this Gavin spoke to Orla Moran, General Manager, Irishjobs.ie. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Irish company Version 1, which helps businesses adapt to the digital age, has been sold to private equity firm Partners Group and is now valued at around 800m. Gavin was joined on the show this morning by Tom O’Connor, CEO, Version 1. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Deputy Business Editor Gavin McLoughlin takes a look through some business stories in today's newspapers. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
The impact of inflation is starting to take its toll on the economy. How do companies go about retaining loyalty among its customers? To discuss further Joe was joined on the show by Austin Hughes from KBC bank Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Newstalk Business Editor Joe Lynam takes a look through some of the business stories in today's papers. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
The purchase of property these days is increasingly digital and one way to find out exactly what the bidding is on a house that you have your eye on is to use an app or software developed by an Irish company called OFFR.IO. Its Designer and Founder Robert Hoban joined Joe on the show this morning. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Middleton in County Cork has become something of a space hub for Western Europe. Being the closest to North America physically has had huge advantages for creating a nascent industry that supports satellites all over the planet. For more on this Joe spoke to Rory Fitzpatrick from the National Space Centre. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
County Wicklow has been home to Ireland’s relatively small film industry for a number of decades but coming soon to Greystones will be a state-of-the-art movie and TV-making facility which could transform the industry for the entire island. Joining Joe on the show this morning was Jason Hariton, Chief Real Estate Officer of The MBS Group who are making a substantial investment in the movie industry here. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Business Editor Joe Lynam takes a run through some business stories in today's newspapers. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
How can new Irish whiskies find their place in a highly competitive global market? Business Editor Joe Lynam spoke to two Irish distillers who are on that journey to spread the word about their product. Sally-Ann Cooney from Boann Distillery and Killian O’Sullivan, Connacht Distiller’s Commercial Director. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Like so many parts of the Irish Economy, manufacturing was booming in the month of January but then the war began at the end of February and that has changed the outlook. For more on this Joe spoke to Oliver Mangan from AIB. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Business Editor Joe Lynam takes a look through Friday's business websites and business pages. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
It’s 5 years ago almost exactly since Britain triggered art50 to formally start the Brexit process not just to leave the European Union but also to leave the single market and give up financial passporting. Joe was joined on the show by Fidelma Clark from EY Ireland to discuss if Dublin is benefitting the most from Brexit? Breakfast Business Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
For each of the past two years, many of us were obliged to take staycations in Ireland due to travel restrictions overseas. The lack of overseas visitors had a devastating impact on the tourism industry here. As most of the restrictions have been removed we ask what are tourists getting for their hard-earned money and also is the chaos at Dublin Airport damaging tourism here? For more on this Joe spoke to Paul kelly – the chief executive of Failte Ireland. Breakfast Business Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Business Editor Joe Lynam takes a look through Thursday's business pages. Breakfast Business Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Could Joe Joe Biden be able to impose a special tax on Billionaires in the USA. He wants to bring that up to 20% for those earning an annual income of at least $100 million. It won’t be easy for him to get through Congress. Sasha Kerins is Tax partner with Grant Thornton Ireland joined Joe this morning on Breakfast Business with more on this. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Yesterday the government announced a new plan to force employees to opt-out of a company pension scheme rather than opt-in. It’s called auto-enrolment and it hopes to encourage more people to save for their retirement. How will Auto-enrolment on a company pension scheme work? To explain Joe was joined on the show by Laura Bambrick is the head of social policy at the Irish Congress Of Trade Unions. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Newstalk's Business Editor Joe Lynam takes a look through today's business stories in the newspapers. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
How can you persuade consumers to change their spending habits in an era of high inflation? Also, how do you encourage consumers to change their behaviour amid soaring costs about which they have no control? For more on this Joe spoke to Dr. Joan Buckley Head of Management and Marketing from University College Cork. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Last Week one of the country‘s most respected think tanks the ESRI predicted that inflation in Ireland could reach 8 1/2% this year its highest since the mid-1980s. Are Rising input costs gonna make housing even more unaffordable? To discuss further Joe was joined on the show by John McCartney from BNP Paribas Real Estate. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Newstalk's Business Editor Joe Lynam takes a run through what is featured in today's business papers. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Popular online groceries app Buymie is announcing plans to expand to the UK. But has the end of lockdown hurt its business? Gavin was joined on the show by Devan Hughes, CEO, Buymie to hear about their expansion into the UK. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
A new report shows asking prices for homes were 12.3pc higher in q1 of this year, compared to the same period last year. For more on the details of the report, Gavin spoke to Conall MacCoille, Chief Economist at Davy. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Deputy Business Editor Gavin McLoughlin takes a run through some business stories in this morning's newspapers. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
It’s one of the most commonly encountered phrases when looking at company results. EBITDA earnings before interest, tax, depreciation and amortisation. But can EBITDA actually serve to mislead investors about a company’s performance? To discuss further Gavin spoke to Conor Maguire, independent investment analyst and author of the Value Situations investment newsletter. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Pharma giant Janssen has today announced a new €150m investment in its Ringaskiddy facility. The new funds will enable it to boost manufacturing capacity and add as many as 180 new jobs. Gary Hartnett, general manager of Janssen Sciences Ireland and joined Gavin on the show this morning to discuss this investment. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Deputy Business Editor Gavin McLoughlin reviews the top stories in this morning’s papers and the latest market developments with Aidan Donnelly from Davy. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Since its invasion of Ukraine, massive political and economic sanctions have been applied to Russia. But how has that been received in the US? To discuss further Breakfast Business spoke to former NBC war reporter and now pollster with Quinnipiac Tim Malloy. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
We get another economic outlook that reflects the change in economic mood since the invasion of Ukraine. Austin Hughes from KBC joined Joe Lynam to discuss their latest consumer survey. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Newstalk's Business Editor Joe Lynam takes a run through some business stories that are featured in today's business papers. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
We know that fuel prices will go up but what else could be affected by this massive geopolitical event? Connor O'Toole from the ESRI think tank joined Joe on the show this morning. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
There is a new start-up fund and it’s called “Newfrontiers. It’s brought to you by the Institute of Art, Design and Technology in Dun Laoghaire, as well as Nova UCD and Orla Reynolds from IADT Media Cube, who spoke to Joe this morning on the show to discuss what kind of companies are being supported. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Newstalk Business Editor Joe Lynam takes a run through the business pages in Tuesday's newspapers. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
How can a company restart services after brand damage? Newstalk Business Editor Joe Lynam spoke to American Born author, expert and co presenter of the Apprentice - You're Fired after-show programme Allyson Stewart-Allen. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Commercial patriotism is of course important but sometimes Price outstrips those concerns. Ireland is one of the most expensive places in Europe. So how do we support local industries without paying too much? To discuss Joe was joined on the show by Brid O'Connell the chief executive of Guaranteed Irish Nominee Award. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Newstalk Business Editor Joe Lynam takes a run through what is featured in this morning's business pages and websites. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Deputy Business Editor Gavin McLoughlin was joined on the show this morning by Vincent McCarthy, ESG Ireland to discuss and hit back at the critics of ESG investments. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
A new website is been launched for Irish businesses to help Ukrainian refugees. This morning on the show Gavin McLoughlin spoke to Talita Holzer who is one of the key players behind the website. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Deputy Business Editor Gavin McLoughlin takes a run through the business stories in this morning's newspapers. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
We in Europe will also pay for some of the sanctions against Russia through higher fuel costs and fertilisers etc. So how should the EU ensure that the damage is minimised? To discuss further Joe was joined on the show by Irene Tinagli MEP and Chair of the Economic and Monetary Affairs Committee of the European Parliament Irene Tinagli. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
We are all increasingly aware of the soaring cost of living. Petrol prices have almost doubled in a few months and our grocery bills in the supermarkets are also noticeably higher. Could interest rates and mortgages be the next to go up? For more on this Joe spoke to Martin Hennessy from Doodle.ie. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Newstalk's Business Editor Joe Lynam takes a look at the news stories in today's business pages and websites. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Quite apart from the military defence of their country, Ukrainian technology firms are helping as well. One vital new technology in that effort is drones. Joining Joe Lynam on the show this morning was the founder of Drone UA Valerii Yakovenko whose business provides the military with eyes in the sky. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
We all know house prices are rising and that Ireland pays twice the average mortgage interest rate in the Eurozone and we know that the number of banks is shrinking thus reducing competition for consumers and companies. So why is the CBI curbing established lenders like Credit Unions in what they can lend? For more on this Joe spoke to David Malone from the Irish Leagues of Credit Unions. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Newstalk Business Editor Joe Lynam takes a look through the business papers and websites. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Gavin McLoughlin was joined on the show Marian Ryan, Consumer Tax Manager, Taxback to discuss what the Government can do to help with the increasing cost of living. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
The Central Bank of Ireland releases its Consumer Protection Outlook report. For more on this Gavin spoke Colm Kincaid, Director of Consumer Protection, Central Bank. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Deputy Business Editor Gavin McLoughlin takes a look through Monday's business pages. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Newstalk's deputy business editor Gavin McLoughlin along with Aidan Donnelly from Davy takes a look at Friday's business pages. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Our guidance counsellors in Irish secondary schools to blame for the lack of women in science & engineering and so-called stem subjects? Or are there other reasons why men dominate the professions - at a time when there is such demand for talent in the sector? For more on this Joe spoke to Orla Feely- Prez of Engineers Ireland and Vice president of UCD. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Joe Lynam takes a look through what is featured in Thursday's business pages. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Alex Chernenko lives in Cork and has set up the technology translation company called Translit. Needless to say, it’s been a traumatic time for him. But he’s using his company to help with Ukrainian refugees coming to Ireland. Alex spoke to Joe Lynam on the show this morning. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Vyacheslav is a Russian coder, that is not his full real name. We’re changing it to protect his identity from reprisals from the Kremlin. He has been in touch with fellow Russian coders and knows what is going on since the outbreak of the conflict in Ukraine. He works for a start-up in England at the moment but has a fascinating story to tell about him and his fellow Russian coders. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Newstalk Business Editor Joe Lynam takes a look through Wednesday's business pages in the newspapers. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
As it’s International Women's Day , we get the views of two senior female business leaders on the health of the Irish and global economies and whether women are shaping the post-pandemic world order. Joe spoke to Amanda Roche Kelly - Chief Executive Just Eat and also Karen O’Reilly Founder of EmployFlex. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Gavin discusses the impact of rising fuel prices on petrol stations with Kevin McPartlan, Fuels for Ireland. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Gavin McLoughlin takes a run-through of what is featured in today's business papers in the newspapers. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
This morning on the show Gavin McLoughlin spoke to Paul Conaty from the cyber security firm CWSI to discuss the risk of Russian cyber attacks on Irish companies. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Personal transport in an age of increasing traffic has become very popular. Battery-powered scooters are all the rage. BOLT also offers ride hailing services very similar to Uber in other parts of Europe. Aisling Dunne is the Policy Director with BOLT Ireland and spoke to Joe Lynam on the show this morning. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
A lot of people have been donating to charities all over Europe to help the humanitarian crisis that is developing in Ukraine. One such major charity collecting money for Ukraine is UNICEF and its former boss is also the outgoing boss of the Institute of directors here in Ireland, Maura Quin. Maura spoke to Joe about the fundraising efforts. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Joe Lynam takes a look at the business pages and markets with Aidan Donnelly from Davy. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Could we be on the verge of building synthetic skin in a laboratory? Do we have the technology to spot the next COVID-19 variant in wastewater? These are all exciting issues that are being looked at by an Irish company called Deep Verge. Joining Joe this morning on the show was the Chief Operating Officer Finán Murray. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Business leaders and markets will be asking how is the war in Ukraine playing out for Vladimir Putin? Has he been surprised with the resistance that he has met from Ukrainians? Has he been shocked by the unified stance against him from western countries or is this all part of a medium or long-term strategy to disturb the Western economy? Dr Ariel Cohen, Atlantic Council is part of the Atlantic Council and a non-resident senior fellow at the Eurasia Centre joined Joe on the show this morning to discuss. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Business Editor Joe Lynam takes a look through the business pages in today's papers. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Disinformation or the deliberate abuse and spread of inaccurate and misleading information for political or financial gain has been around for many years but has been weaponised in the past few years thanks to social media. Russia has long been using disinformation to confuse, dismiss and distort the truth. That is especially the case with its build-up to war with Ukraine. Now, and some will say finally, legislators and lawmakers are getting serious about clamping down on Russian lies. With more on this Joe was joined on the show this morning by Prof Stephan Lewandowsky from the University of Bristol. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
The Russian economy only accounts for 0.6% of Irish exports. Nonetheless, there will be some sectors that will be affected by sanctions and the total exclusion of Russia from the global economy in the west. One such sector would be food exports and agriculture. For more on this Joe was joined on the show by Phelim O’Neill, Markets Specialist with the Irish Farmers Journal. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Our Business Editor Joe Lynam takes a look through what is featured in Wednesday's business pages. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Joe Lynam was joined by Kathleen Brooks from Minerva, Austin Hughes from KBC bank, and Rebecca Harding CEO of Coriolis Technologies for a fascinating discussion on the impact of the Ukraine invasion on the Irish economy and on global trade. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Joe Lynam takes a run-through of some of the business stories that are featured in today's papers. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Irish lessors to repossess Russian-controlled planes and for more on this Gavin spoke to journalist Jason Corcoran. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Today marks the day that masks are no longer required in retail settings. For more on this Gavin spoke to Duncan Graham, Managing Director, Retail Excellence. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Gavin McLoughlin takes a run-through of some of the business stories that are featured in today's papers. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Des Lawrence of State St global advisors takes a look at the markets with Gavin McLoughlin. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Entrepreneur Pat Phelan joined Gavin McLoughlin to discuss his latest project of SISU clinics, a chain of cosmetic clinics. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Alan McQuaid, an independent economist joined Gavin McLoughlin on the show to take a look at the impact the Russian invasion will have on the economy. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
The high-end Irish department store Brown Thomas opens up another outlet today this time in the Dundrum town center. But it’s not just any ordinary shop according to the publicity. It’s also a good benchmark for the health of the Irish retail market. Mark Limby who is store director with Brown Thomas spoke with Joe Lynam this morning. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
It’s just over a year and a quarter since Britain formally left all the structures of the European market and erected quite a few bureaucratic and nontariff barriers between it and its largest trading partner in the EU. How have ordinary companies got on in that time? Well, one such company is anatomical concepts. Its founder is Caroline Jones and she joined us on Breakfast Business. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Joe Lynam takes a run through what is featured in the business pages this Thursday morning. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Joe was joined on the show this morning by David Clinch Head of Global Partnerships at Mather Economics and former Global Editor at the Irish news verification site, Storyful. Joe discuss with David whether Joe Biden’s sanctions had gone far enough? Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
How are the markets reacting to the situation in Ukraine and Russia? To find out Joe Lynam on the show this morning was Susannah Streeter from Hargreaves Lansdown and also David Zaikin - Co-Founder of Key Elements Group who was born in Ukraine and based in London and a graduate of London Business School. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Joe Lynam takes a run through what is featured in the business pages this morning. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
There are not enough electric charging points for EV cars. The challenge to get them there and ready in time for the removal of all combustion engines is a big one and according to the SIMI, Ireland is not ready. For more on this Joe was joined on the show this morning by Brian Cooke Director General of the Society of Irish Motor Industry. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Over the weekend many of the world's biggest newspapers broke a massive story about how the giant Swiss bank Credit Suisse facilitated the hiding of billions of dollars' worth of assets in its accounts. Some of the account holders were oligarchs, drug dealers, and potentates. It’s a huge embarrassment for the bank – which denies any wrongdoing but it shines a spotlight once again on Swiss banking. Joe spoke to Richard Murphy from the Tax Justice Network who has spent decades focusing on aggressive tax avoidance and sometimes evasion. Also Kathleen Brooks from Minera FX spoke to Joe about how the market will react to the developing situation in Ukraine. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Joe Lynam takes a look through the business papers this Tuesday morning. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Pat Stephenson, Founder, and Chief Relationship Officer, Boys & Girls joined Gavin on the show this morning to what makes an ad work for businesses today. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
648 Million euros of development land was sold last year in Ireland but this figure is well below pre-pandemic levels. For more on this Gavin spoke to John Swarbrigg, director of development agency and consultancy, Savills. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Gavin McLoughlin takes a run through what is featured in today's business papers. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
How do the super-wealthy hide their money? It’s an issue that has dogged the taxman in countries all over the world and annoyed those of us that don’t earn enough money to even worry about these things. Joining Joe on the show was Swiss financier Andreas Clenow and he has a new book in which he details the thin line between avoiding and evading tax and criminality. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
First Friday's gives Irish start-ups gave them a chance to mingle with more experienced technology companies, get face-to-face mentoring from the likes of Google, Microsoft, Salesforce, and other tech giants and potentially bump into would-be Investors. They’re back to starting on the 3rd of March and instead of only taking place in Dublin, they will be all over the country in Belfast, Galway Killorglin, and Cork city. Mary Rogers who will be running the operation in Galway city joined Joe on the show this morning. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Believe it or not, a century and a half ago more Irish whiskey was sold in America than Scotch Whisky. But that all changed in the first three decades of the 20th century. Scotch whiskey was the dominant whiskey in the world but Ireland is catching up and could surpass Scotch Whisky Ex Diageo in the US very very soon. William Lovell from the Irish whiskey Association spoke to Joe this morning on the success of Irish Whiskey. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Joe Lynam takes a look through what is featured in today's business papers. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
On average 2756 personal loans are drawn down in Ireland every single week. A third of those are to buy cars and another third for home improvements. It’s all part of a package of personal lending published by the Banking & Payments Federation and for more on this Joe was joined by the BPFI Chief Executive Brian Hayes. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
We all know about Silicon Valley and we all know about the big tech herbs and clusters which attract all sorts of talent from around the world but MIT the Massachusetts Institute of technology has an annual jamboree bringing together some of the brightest minds in technology and this year they have chosen Donegal. Here to tell us more is Martin from the agency which promotes the Irish language and investment in Gaeltacht areas. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Joe takes a look through the business pages in a selection of papers this morning. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
- That is the number of Irish companies that didn’t go bust that probably would have during the pandemic. It’s just some of the highlights from an interesting report on insolvencies from the consultants PWC. And I've been joined live on the line by the head of restructuring at PWC, Ken Tyrrell. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Gavin McLoughlin takes a run-through of Monday's business pages. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
BT sports discovery announces a new joint venture and we discuss the finance of football with Kieran Maguire, football finance lecturer, University of Liverpool. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Delivery driver network Gigable announces a new sweep of benefits for its drivers and for more on what they are offering Gavin spoke to John Ryan CEO of Gigable. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
The six Nations is a big business as well as a big tournament. This morning on the show Joe was joined by its chairman Ronan Dunne and began by asking him whether the tournament in its current form, will survive the decade? Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
But because there has been so much hard economic and monetary news, we’re gonna get a global perspective as well with Megan Greene who is a Senior Fellow at the Kennedy Business School in Harvard, and also Aidan Donnelly from Davys. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
We’re coming to the end of the week and that means Joe takes a look at the business pages and websites with Aidan Donnelly from Davys. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Danny McCoy from IBEC joined Joe this morning to discuss how he thinks the central bank should allow people to borrow more money to buy property. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Joe takes a look through what is featured on the business papers this morning on the show. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
One of the major sectors to have been walloped by lockdowns and forced closures during the pandemic was of course Tourism. On the show this morning Joe was joined by Niall Gibbons, MD of Tourism Ireland. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Someone who knows a fair bit about entrepreneurship, sideline jobs and even working for cantankerous bosses is Nick Hewer. You will remember Nick from the BBC version of The Apprentice. He was the guy whose withering glances used to destroy budding Millionaires before they arrived in the boardroom to be verbally destroyed again by Alan Sugar. Nick joined Joe on the show this morning. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Newstalk Business Editor Joe Lynam goes through today's business news featured in the papers first thing this morning. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
One of the measures established by the government to help foster the much-needed building of houses was the body called Home Building Finance Ireland. It’s goal is to provide funding at market rates for commercially viable residential developments in the State. They are just over three years old and they have published the latest annual report. For more on the details of the report, Newstalk Business Editor Joe Lynam spoke to the chief executive of the HBFI, Dara Dearing. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Ryanair has announced details of its biggest ever summer schedule from Dublin Airports. The airline will run 22 extra routes compared to summer 2019, with 120 destinations being served each week. Dara Brady, Ryanair’s director of marketing, communications and digital, joined Newstalk Breakfast Business for more on the airline's plans.
Gavin McLoughlin is joined by the new EY Entrepreneur of the Year - Brian O'Sullivan from Zeus Packaging. Brian was crowned the winner of the prestigious competition in a ceremony last night. Listen and subscribe to Breakfast Business on Apple Podcasts or Spotify.
Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
This week is Fraud Awareness Week and Newstalk has teamed up with Bank of Ireland to understand why more and more people are affected by it and what we can do to best protect ourselves. Paul O'Brien from Bank of Ireland's security team joined Breakfast Business to discuss.
Bank of Ireland's head of pensions and investments Bernard Walsh joined Breakfast Business to discuss the rookie mistakes investors need to avoid.
Vincent Wall was joined on Business Breakfast by Paul Keenan, President of Bauer Media, as the company enters the Irish market after buying Communicorp Group. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Irish tech company Tines is valued at $300 million after just three years. The company's software helps businesses automate repetitive tasks. Co-founder Thomas Kinsella joined Gavin McLoughlin on Breakfast Business to discuss the story so far and their plans for the future.
Mothercare Ireland closed its doors for good in June 2020. The company's former commercial director Ben Ward spoke to Breakfast Business about the company's demise, and about the strategy underpinning a new online retail venture that aims to coexist with Amazon.
Ahmad Younis, CEO of the Arab Irish Chamber of Commerce joined Vincent on Breakfast Business this morning to talk about the increasing export sales of Irish goods to Arab nations.
Eddie O’ Mahony From Chief Investment Officer, Core Media joined Vincent this morning to look ahead at the media advertising and sponsorship outlook for 2021. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Ireland's supermarkets are booming during the pandemic, but there are lots of challenges ahead, ranging from Brexit to the shift online. In this exclusive interview Aldi Ireland’s Group Managing Director Niall O'Connor outlines how he plans to tackle those challenges and grow the business here. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
Ipsos MRBI Ireland have just released their' Radio In A Digital World' report and it tell us how we all listen to radio. For more on the findings of the report Vincent was joined this morning on the show by Damian Loscher Managing Director, Ipsos MRBI Ireland. Listen and subscribe to Breakfast Business on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.
For the last few years, February 1st or St Brigid’s day has been used by Irish organisations to promote women in Business. Enterprise Ireland is one such organisation and Sheelagh Daly, Entrepreneurship Manager at Enterprise Ireland joins Breakfast Business to discuss the efforts they are making to encourage participation and advance female entrepreneurs.
Ryanair group chief executive Michael O'Leary joins Gavin to discuss his company's acquisition of 75 new 737 MAX planes from Boeing. He also discusses what lies ahead in aviation in 2021.
Newstalk teamed up with Bank of Ireland for an exclusive online event covering all things pensions and planning for your future. Gavin McLoughlin was joined by financial journalist Jill Kerby and Bank of Ireland’s Bernard Walsh for plenty of expert advice and tips. Bank of Ireland is a tied agent of New Ireland Assurance Company plc trading as Bank of Ireland Life, for life assurance and pensions business. Members of Bank of Ireland Group. Bank of Ireland trading as Bank of Ireland Insurance & Investments is regulated by the Central Bank of Ireland.
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Conor O'Boyle, Co-Founder of 'Sweep' joins Vincent Wall to discuss why his app provides a better way to buy and sell cars in the Irish market.
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Enda O’Coineen, chairman of Kilcullen Kapital Partners, joins Gavin McLoughlin to discuss Kilcullen’s plans for the Sunday Business Post, and society’s perception of risk.
Vincent Wall speaks to Dr Patrick Greene, the new Director of EPIC - The Irish Emigration Museum based in the CHQ building on Dublin's North Docks. Dr Green tells Vincent what 'Europe's Leading Visitor Attraction' has to offer.