The future of Aer Lingus’ passenger flights remains uncertain due to ongoing labour disputes, triggering much unease among customers. In efforts to pacify the situation, the Labour Court suggested a 17.75% salary increment for the pilots till the middle of 2026, an increase in allowances and the eradication of a debt owed from a prior agreement, according to Barry O’Halloran’s news piece. Although Aer Lingus promptly agreed, the ball is now in the pilots’ court as they consider if the conditions are satisfactory to cease their industrial action.
Meanwhile, Kenny Jacobs, the CEO of DAA, declared reductions in landing charges at Cork Airport for airlines re-routing flights that would typically land at Dublin Airport. This is due to Dublin Airport’s struggle with a passenger limit enforced by local planning authorities. This was reported by Barry Roche.
The unfortunate downturn in foreign direct investment declarations and job creation in the first half of the year was handled positively by IDA Ireland. Eoin Burke-Kennedy reports that though geopolitical aspects were blamed, the organisation swiftly emphasised the urgency to assuage concerns about housing, energy and water supplies frightening prospective investors.
Following its merger, cardboard producer, Smurfit Kappa or now known as Smurfit Westrock, made a successful debut on the New York Stock Exchange, with CEO Tony Smurfit and fellow executives in attendance. This was reported by Colin Gleeson.
There was an uptick in Dublin’s office leasing activities, pushing it to a multi-quarter spike, due primarily to Stripe’s acquisition of 150,000 square feet at Dublin’s Wilton Park One according to JLL Ireland’s published figures. More on this from Fiona Keely.
In other news, Acca Ireland from the accountancy industry revealed that new regulations demanding Irish businesses to report on their societal and environmental impacts are “the most significant development in the accounting profession in 30 years”. Colin Gleeson questions if companies are prepared for it.
The selling of the international branding rights for Morphy Richards consumer goods was reported by Gordon Deegan to be the reason behind Glen Dimplex’s impressive profit surge the preceding year.
Lastly, accepting a €3.9 billion takeover proposal from Danish beer producer Carlsberg led to a positive surge in Britvic’s stock prices.
Former BP Chief Executive Bernard Looney, who left the company in disgrace, is said to be in discussions with high-ranking members of the United Arab Emirate government, as part of his efforts to secure a new position in the world of energy.
On the subject of personal finance, Jack Chambers is preparing for his debut budget in his role as Minister for Finance. Fiona Reddan offers some counsel on the budgeting mistakes that he would do well to steer clear of.
In the Q&A section, a respondent who has been appointed as an executor is unclear whether her responsibilities entail engaging in a family disagreement regarding the possible admission of a female relative to a nursing home.
Lastly, Bernice Harrison, in her column, examines the ramifications of new regulations for public organizations concerning their advertising expenditure. In particular, she focuses on the directive that a significant portion of these funds should be allocated to advertising in Irish or via Irish-language mediums.