Aer Lingus is set to engage in discussions with the pilots union today with the intention of resolving a stalemate concerning pilot wages. This is due to the airline’s proclamation that its parent company may reallocate new aircraft to alternate airlines. Consequently, this could result in the Irish airline employing nearly 80 fewer pilots than initially targeted and reducing promotion chances. This has been reported by Barry O’Halloran.
Together with Ciara O’Brien, O’Halloran additionally reports on the scheme by the McEvaddy brothers which they claim can provide capacity growth at Dublin Airport superior to the current DAA proposals.
Moreover, the Government’s compulsory workplace pension plan has once again been delayed. Instead of adopting an alternative to this auto-enrollment pension scheme, the Pensions Council which advises the minister suggests this could potentially increase the size of workers’ pension funds twofold. Joe Brennan explains why.
Measured by common EU standards, Irish inflation has slipped under the 2 per cent target rate set by the European Central Bank for the first time in approximately three years which strengthens expectations for the commencement of interest rate slashes. This has been reported by Eoin Burke-Kennedy. Additionally, Conor Pope reports that the increase of Irish grocery prices is at its slowest in two years.
Flutter Entertainment, Paddy Power bookmaker’s parent company, has given explanation as to their keenness to switch their primary listing to the United States in anticipation of AGM shareholder voting next month. This is reported by Ellen O’Regan.
Furthermore, tennis star Serena Williams revealed an intensification of her affiliation with Declan Kelly’s Consello Group. The Group will now act as business adviser for all her business activities. This info has been provided by Laura Slattery.
During the first quarter of 2024, the sale of new electric cars has decreased by 14.2% in comparison to the prior year, despite an overall 8% growth in the new car market. This has been reported by motor correspondent Michael McAleer, who additionally explains this occurrence.
Despite Australia often drawing in backpackers on holiday visas, those who want to make a permanent move need to plan and budget meticulously. Tips on facilitating this process are given by Brianna Parkins.
An analyst at the Bank of America has suggested that AIB’s plan to decrease some bad loan loss risks from its balance sheet via securitisation could allow for higher-than-expected shareholder payouts later this year. Details are given by Joe Brennan.
The proposal for a solar farm near Naas, worth €100 million, has been temporarily halted by the Kildare County Council due to opposition from residents, stud farm proprietors, and Ceann Comhairle Seán Ó Fearghaíl. This news was shared by Gordon Deegan.
Rachel Reeves, who served as shadow chancellor of the exchequer, put forth a theory on revitalising the UK’s economy through the Labour Party’s approach during a recent talk. Martin Wolf, who was present at the lecture, didn’t think her proposals would further worsen the economic situation, but he questioned whether they would bring any significant changes.
In terms of Irish commercial property, investment spending has dropped to its lowest point since the last phase of the worldwide financial turmoil, as Ronald Quinlan noted whilst discussing figures from BNP Paribas Real Estate’s recent study.
In Dublin, thirty-three apartments could potentially be built on a piece of land in Chapelizod that’s up for sale for €2.75 million. Michael Cotter’s company, Park Developments, recently added US group PCI Pharma, a pharmaceutical outsource service provider, to its client roster at Northwest Logistics Park.
Lastly, Mountain Province Diamonds encountered several difficulties this past year. The Canadian diamond mining corporation, in which Dermot Desmond is a significant shareholder, recorded a net loss of 43.7 million Canadian dollars (€29.9 million). Barry J Whyte provides more information on this.