Following the recent relocation of Flutter Entertainment’s primary listing and operational base to America, CEO Peter Jackson stands to gain significantly from an amended remuneration package. Potentially, he could receive €6.25 million in wages and incentives next year and up to €10 million in stock options granted to him on Tuesday, as reported by Barry O’Halloran.
In other news, a GAA club from south Dublin will purchase playing fields in one of the highest-demand city districts for €1 million. If rezoned for residential development, these could be conservatively worth €10.5 million. This latest chapter in an ongoing saga has been detailed by Dominic Coyle.
As Joanne Hunt demonstrates, we often wrongly believe we can accurately identify advertising content on social media. To avoid falling into this trap and safeguarding your wallet, she provides invaluable advice.
After the recent proposal from the Irish League of Credit Unions to alter regulations to facilitate larger mortgage lending, John McManus discusses why this isn’t a wise move.
A Zurich-listed group plans to acquire Cavan-based Kyte Powertech for an approximate amount of €250 million. This acquisition will result in MML Capital Ireland departing the Irish enterprise, following its support of a management buyout there in 2020, a development reported on by Ian Curran.
Inflation throughout the Eurozone witnessed a slight increase in July, but this is unlikely to prevent the European Central Bank (ECB) from reducing interest rates in the coming month. Eurostat, the EU’s statistical agency, suggests that consumer prices in the single- currency area increased by 2.6% in July, a rise from June’s 2.5%.
Lastly, according to Sherry FitzGerald, available second-hand properties in Ireland have seen a near one-third drop since the start of the pandemic. The firm also anticipates that house prices will observe a 6-8% rise in value this year.
The Dublin Airport’s DAA operator’s planning application to increase the annual passenger cap from 32 million to 40 million has faced another setback. Fingal County Council has provided a three-month extension, until November 14th, to the airport operator to formulate a response to numerous information queries put forth by the council in February regarding the said application, as stated in Gordon Deegan’s report.
In other news, Gordon also cited the concerns voiced by a Catholic priest about the potential impact on local businesses in a town in Co Clare due to the proposal by German retail colossus Lidl to erect a new outlet there.
John Saunders, the CEO of the globally recognised communications enterprise FleishmanHillard, based in Ireland, is set to step aside after nearly ten years at the helm. The firm declared on Tuesday that Saunders (66) is going to assume the responsibility of the global chairman from October 1st next, while JJ Carter, the chief operating officer, will succeed him as the president and CEO. This was reported by Eoin.
Fáilte Ireland aimed to capitalise on the Taylor Swift concerts by giving her a handmade cardigan, symbolising her love for Ireland and traditional knitting. Their cost-effective digital marketing endeavour, with an expenditure of less than €8,000, reached over nine million individuals and was featured in 370 different worldwide publications and digital platforms. Ken Foxe covered this story.
Controversial developer Seán Dunne, now bankrupt, has alleged in the High Court that two senior officers leading his Irish bankruptcy proceedings were not appointed legitimately. Aodhan O’Faolain was present in court to report on this.