The late Joe Cosgrave’s widow is heading for court combat with her deceased husband’s sibling pair, Michael and William, as mediation attempts fail. The full account is offered by Colm Keena.
In related news, analysts are cautioning that an uptick in UK’s windfall taxes on natural gas might negatively impact production, possibly posing a risk to Ireland’s energy security. The UK government is mulling over augmenting the windfall tax on oil and gas earnings by 3 per cent to 78 per cent, a potential shakeup that industry insiders warn could curtail investment and reduce production levels. The impact on Ireland’s energy security could be notable should production dip, according to an advisory from US stockbroker Stifel centred on British energy firms.
On the housing front, Portugal has devised a new initiative to entice young workers to stay by offering tax incentives and a glut of reasonably-priced housing. This comes as numerous Irish individuals struggle to find affordable housing. John McManus questions whether this could be the answer.
Recently returned to Ireland and seeking a mortgage? Joanne Hunt, in her Money Matters column, examines how previous overseas residence may prove advantageous when applying for a home loan.
In a fresh move by the Minister for Finance, Jack Chambers, governmental entities will now be obliged to accept both cash and digital payments for any goods, services or penalties, as part of the newly announced National Payments Plan.
The Government is set in motion for a tender process aimed to develop an advanced artificial intelligence tool for translating Irish to Irish, centred on the Irish language.
Lastly, the Banking and Payments Federation Ireland (BPFI), an organisation representing banks and lenders, has initiated a website designed to edify customers about the benefits of mortgage switching. A recent study revealed that merely 28 per cent of mortgage customers pondered the switch in the last year.
Paul Flynn has been appointed as the head of investment management at Goodbody Stockbrokers, a company with €15 billion worth of assets under management. This news comes alongside numerous other changes in the broker’s leadership structure, as reported by Joe Brennan.
Meanwhile, a potential interest rate cut from the European Central Bank (ECB) is predicted to provide immediate financial relief to tens of thousands of Irish homeowners. Industry insiders are also anticipating a reduction in fixed and variable rates before the year ends, setting local state banks under strain. Conor Pope is keeping a close eye on the predicted ECB announcement due tomorrow.
In other news, Dublin-based fashion retailer Alias Tom has reportedly been liquidated after suffering losses close to €1 million. Known for dressing superstars like U2 and WestLife, Eoin Burke-Kennedy documents the closure of this menswear giant.
On the legal front, a businessman and a corporate entity have alleged in the High Court that racehorse Sands of Mali, valued at around €2.4 million, is wrongfully detained at Joe Foley’s Ballyhane Stud in Leighlinbridge, Carlow. The horse, which has retired from racing since 2020, now breeds mares which have sired 13 UK race winners, as well as one in both Ireland and France.
Property news has seen a Dublin developer file an application to construct 66 apartments in place of an Orthodox Jewish synagogue in Terenure, more than a year after the site was up for grabs for €7.5 million, as reported by Ian Curran.
The High Court is also set to consider expedited pleas from Ryanair and Aer Lingus to contest the recent cap imposed on Dublin Airport’s passenger count for the peak season of next year. Ellen O’Riordan reports from the court.
In commercial real estate, Tim O’Brien records the relisting of a south Dublin office building at a significantly reduced rate, while Fiona Reddan covers the offering of a central Dublin Merrion Square property for just over €4 million.