Recruitment battle: Mason Alexander launches case against two former employees and their new start-up
Backed by rugby player Rob Kearney, Mason Alexander is a growing presence in the HR market. It has now launched a case against two former employees in the Irish courts, along with the company they have co-founded.
16th Oct, 2020 - 2 min read
Fiscally speaking: When Stephen Kinsella met Paschal Donohoe
Two days after a landmark €17.75bn budget designed to protect the economy from a pandemic, economist Stephen Kinsella spoke with Minister for Finance Paschal Donohoe about budgetary philosophy, the economics of deficits, and the power of the state.
16th Oct, 2020 - 16 min read
“This is a very sad day but the right decision if we wanted to survive in these very difficult conditions”
As a child, Richard Barron used to work in his family’s fashion store on Grafton Street at weekends and during the holidays. Yesterday, as part of a plan to halve the size of the Pamela Scott chain, he was forced to shutter the landmark store, along with 11 others. He explains why it was necessary.
16th Oct, 2020 - 5 min read
“We need to keep businesses alive and give them a fighting chance of coming through this”
Michael McGrath has just co-authored an unprecedented €17.75bn budget package. Now, he wants to ensure he gets value for the money. Here, he explains how, and also discusses the new business supports for business, Brexit trade talks and the impact of the new Covid-19 restrictions.
15th Oct, 2020 - 19 min read
The HSE was sued when a €7.5m emergency ventilator deal collapsed last March. Now it’s the IDA’s turn
Ireland's agency for foreign direct investment is being blamed for the HSE's withdrawal from a contract to buy critical ventilators. The Irish medical supplies firm who lost out on the deal now wants the IDA to pay damages.
15th Oct, 2020 - 3 min read
Debt and defamation: How Ireland is at the centre of an international asset chase over Amsterdam hotel deal
Felix Grovit was a Indian-UK foreign exchange tycoon. Hendrik Jansen is a wealthy hotelier who claimed Grovit owed him €15m. Neither have Irish interests. Yet, a High Court defamation battle in Dublin remains is crucial to the dispute.
15th Oct, 2020 - 7 min read
Booking a write-down: Eason pulls property sale as iconic building falls 40% in value
Eason has written down the value of its remaining properties including its iconic O’Connell Street store in Dublin 1 from €46 million to €27.6 million because of Covid-19. What does this mean for the retailer and its shareholders?
15th Oct, 2020 - 3 min read
“Go negotiate with landlords”: How New Look’s examinership bid came unstuck
In a landmark judgement, the High Court has agreed with landlords that the retailer New Look is not yet insolvent and has set aside the appointment of an interim examiner. The result is expected to set down a marker for failing businesses in the Covid era.
14th Oct, 2020 - 8 min read
A sick economy, tatty infrastructure, a surging population and cheap credit: these are perfect conditions for a capital spending splurge
Paschal Donohoe and Michael McGrath announced a €10 billion capital spending package yesterday, the biggest in the history of the state. But Ireland's need for infrastructure is so great that €10 billion is only a start.