Inside Business With Ciaran Hancock podcast

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We're trying something different this week: a full post-show breakdown of every episode in the latest season of Black Mirror! Ari Romero is joined by Tudum's Black Mirror expert, Keisha Hatchett, to give you all the nuance, the insider commentary, and the details you might have missed in this incredible new season. Plus commentary from creator & showrunner Charlie Brooker! SPOILER ALERT: We're talking about the new season in detail and revealing key plot points. If you haven't watched yet, and you don't want to know what happens, turn back now! You can watch all seven seasons of Black Mirror now in your personalized virtual theater . Follow Netflix Podcasts and read more about Black Mirror on Tudum.com .…

Inside Business with Ciaran Hancock

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A weekly look at business and economics from an Irish perspective hosted by Irish Times Business Editor Ciarán Hancock. Produced in association with EY.

Hosted on Acast. See acast.com/privacy for more information.

585 episoder

#Business #Business Of Sports #Inside Business With Ciaran Hancock

Inside Business with Ciaran Hancock

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A weekly look at business and economics from an Irish perspective hosted by Irish Times Business Editor Ciarán Hancock. Produced in association with EY.

Hosted on Acast. See acast.com/privacy for more information.

585 episoder

#Business #Business Of Sports #Inside Business With Ciaran Hancock

Alle episoder

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“1 in 5 US households consume Kerrygold” – Ornua CEO Conor Galvin 33:47

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Kerrygold is one of the biggest food brands in Ireland and one of our largest exports. Earlier today, its parent company Ornua announced that revenues last year were flat at €3.4 billion but its operating profit and Ebitda were up, helped by efficiencies achieved during the period. But that was last year. Before Donald Trump won the US presidential election and later announced sweeping tariffs on all imported goods. Kerrygold is one of the main Irish food brands facing a hit from Trump’s tariffs, which are currently set at 10 per cent for 90 days but could ultimately rise to 20 per cent. Conor Galvin is chief executive of Ornua and he joined me in studio to discuss the impact the 10 per cent tariff is currently having on Kerrygold sales in US retail. Produced by John Casey with JJ Vernon on sound. Hosted on Acast. See acast.com/privacy for more information.…

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Trump’s tariffs: “The rest of the world is now going to de-risk from the United States” 46:35

for 9 dager siden46:35

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A full-blown global tariff war in underway. Donald’s Trump’s tariffs took effect last night with the EU due to vote today on a retaliatory list drawn up by the European Commission. The US and China meanwhile have engaged in tit for tat tariffs in the past few days. China has also vowed to fight to the end in the tariff war. What will all this mean for Ireland? What hit will consumers face? And should Ireland now pivot east to protect jobs and secure new investment? To answer these and other questions host Ciarán Hancock Is joined on this week’s episode of Inside Business by Ibec chief executive Danny McCoy, Cliff Taylor of The Irish Times, and Chris Smyth, group CEO at Perennial Freight & president of the France-Ireland Chamber of Commerce. Produced by John Casey with JJ Vernon on sound. Hosted on Acast. See acast.com/privacy for more information.…

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What is behind Ireland’s tourism slowdown? 35:52

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Last week data from the CSO showed a decline of 30 per cent in the number of visitors to the country in February, with revenue taking a hit of €88 million during the month. This continued a trend dating back to last September. In this week’s episode of Inside Business, you’ll hear conflicting views from the trade on the current state of the tourism sector here. Eoghan O’Mara Walsh, CEO of the Irish Tourist Industry Confederation, tells host Ciarán Hancock why he thinks the CSO figures might be overstating the current position within the sector. Whereas Sean Connick, who operates the Dunbrody Famine Ship Experience and the Kennedy Homestead in Co Wexford, is seeing a different picture with visitor numbers to those experiences declining last year with January and February also soft. In addition, he has had to absorb significant increases in their running costs. Produced by John Casey with JJ Vernon on sound. Hosted on Acast. See acast.com/privacy for more information.…

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What damage is Elon Musk doing to Tesla’s shares and sales? 23:45

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In the first part of this week’s episode of Inside Business, we look at Tesla and the backlash against the vehicle car maker this year because of Elon Musk’s association with Donald Trump. Sales in Europe have slumped while its share price has shed 24 per cent of its value year to date. That amounts to about $800 billion of market value being wiped out. In addition, there have been many protests and reports of Tesla’s being vandalised. To add to the mix, Chinese rivals have also upped their game. Neil Briscoe is a motoring journalist and writes for the Irish Times. He’s been covering Tesla since the get-go and joined host Ciarán Hancock on the line to discuss the issues affecting the company. Also on the show, Eoin Burke Kennedy, economics correspondent of The Irish Times, discusses new data on house prices from Daft.ie after it published its latest quarterly report. It doesn’t paint a pretty picture for anyone seeking to buy a home, with house price pressure reaching an eight-year high and the number of second-hand properties available for sale at lowest level since 2007. Produced by John Casey with JJ Vernon on sound. Hosted on Acast. See acast.com/privacy for more information.…

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What do Donald Trump’s April tariffs mean for Ireland? 38:28

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On this week’s episode of Inside Business, we discuss US President Donald Trump’s intention to impose new reciprocal tariff rates on EU countries and elsewhere from April 2nd. What are reciprocal tariffs and how will Ireland be affected? Will we be singled out? What is coming down the line in terms of ‘special tariffs’, and their potential impact on big exports from Ireland to the US? And what possible options are available to Irish companies to soften the blow of all this uncertainty? Gerard Brady, Head of National Policy and Chief Economist at Ibec, joined the podcast to give a timeline of all upcoming tariffs and what they mean. And this week saw the much-anticipated arrival of Amazon.ie, a dedicated Irish platform for the retail behemoth – a move that will be welcomed by most online shoppers in Ireland with the prospect of more product choice and better value. But what about retailers who will have to go toe-to-toe with Amazon here? Irish Times Consumer Affairs Correspondent Conor Pope joined host Cliff Taylor in studio to outline what Irish consumers can expect. Produced by John Casey with JJ Vernon on sound. Hosted on Acast. See acast.com/privacy for more information.…

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‘My plan is to make sure Smurfit Westrock is one of the great companies of the world’: Tony Smurfit on taking the family business global 45:06

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This week, Inside Business host Ciarán Hancock is joined by Tony Smurfit, president and CEO of Smurfit WestRock, the biggest paper and packaging group in the world. Last month he was chosen as Irish Times business person of the year for successfully concluding a combination of Smurfit Kappa Group with American company WestRock in a $24 billion deal. The Dublin-based company is now the leading player in its sector. Grandson of the company’s original founding father Jefferson Smurfit, and son of Michael Smurfit who grew the company to become Ireland’s first multinational, Tony has led the business since 2015. During this episode Tony discusses the impact of the WestRock deal on the group over the past nine months, the threat posed by Donald Trump’s tariffs, the special challenges of working for a company where your name is above the door, and his plan to make Smurfit WestRock the best company in the world. Produced by John Casey with JJ Vernon on sound. Hosted on Acast. See acast.com/privacy for more information.…

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“The retailer is now facing dramatically increased costs”: Leo Crawford, former CEO of BWG Group 59:47

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This week’s guest on Inside Business is Leo Crawford, who recently stepped down as the head of BWG Group after nearly 40 years with the business. BWG is a wholesale group at heart that supplies groceries to a large network of shops in Ireland and the southwest of England under a variety of retail brands, including Spar, Eurospar, Mace and Londis. Leo will recall the boom times of the Celtic Tiger years, through a couple of management-led buyouts, to almost losing control of the business post the 2008 crash. BWG ultimately bounced back to become the €2 billion a year business that it is today. He also has some tips for young business leaders and entrepreneurs, you’ll hear him compare retailing in Ireland and the UK and prices on both sides of the Irish sea, and talk about the growing levels of shop lifting and abuse targeted against small retailers and how these might be tackled. Produced by John Casey with JJ Vernon on sound. Hosted on Acast. See acast.com/privacy for more information.…

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Publican Noel Anderson on Grand Slam Bars, taking on Guinness and the rising price of a pint 42:46

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This week host Ciarán Hancock is joined in studio by Dublin publican and Managing Director of Grand Slam Bars, Noel Anderson. The pub group is jointly owned by former Irish rugby internationals Rob Kearney, his brother David, Jamie Heaslip and Sean O’Brien. They own the Bridge bar in Ballsbridge, the Blackrock pub in the Dublin coastal suburb, the Lemon & Duke and Little Lemon in the city centre and its most recent purchase, McSorley’s in Ranelagh. Noel is also a shareholder in the Changing Times Brewery set up by a group of leading Irish publicans to produce a range of local stouts and other beers. Noel’s career in the pub trade began as a teenager and has involved a number of highs and lows. This included allegations of money laundering at one of his former venues, which yielded a financial settlement but only after years of legal wrangling. He talks to me about that extraordinary case, along with the current challenges of running pubs in Ireland and securing insurance against Covid lockdowns just weeks before the pandemic hit here. We also discuss the rising price of a pint and taking on Guinness in the stout market, and why he feels Dublin city centre needs an extra 1000 Gardai on the street to counter anti-social behaviour. Produced by John Casey with JJ Vernon on sound. Hosted on Acast. See acast.com/privacy for more information.…

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“Landing Google really put us on the map”: Karl Brophy on the success and sale of Red Flag 1:01:26

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Earlier this month, Red Flag Global, an Irish-based strategic communications firm was acquired by New York-based Ankura Consulting Group, a global management consulting firm. The financial details weren’t revealed but it is understood that the price tag on the deal was €45 million. Founded in 2013 by Karl Brophy, the company was chaired by Gavin O’Reilly, son of Tony O’Reilly and a former chief executive of Independent News & Media. Karl joins host Ciarán Hancock on this episode of the Inside Business podcast to discuss his career that began as a Fine Gael press officer before stints covering politics for the Daily Mirror and the Irish Examiner. He later went to work as a journalist and editor with INM, including a six-year stint editing an edgy tabloid title in South Africa. In January 2011 he was appointed as Director of Corporate Affairs and Content Development at INM, reporting to Gavin O’Reilly. It was a turbulent period in the history of the company, with a well-publicised battle for control of the business between the O’Reilly family and Denis O’Brien, who became a major shareholder. Karl left INM in October 2012, setting up Red Flag just months later. Produced by John Casey with JJ Vernon on sound. Hosted on Acast. See acast.com/privacy for more information.…

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How does Ireland fix its dysfunctional rental sector? 43:34

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In the past week, Taoiseach Micheal Martin has suggested that the Rent Pressure Zone system could be scrapped and that tax breaks could be introduced to help incentivise developers to build more apartments and houses. Would these measures make rents more affordable for tenants? Or boost the supply of affordable new homes? To tease out this tricky political issue, Inside Business host Ciarán Hancock was joined in studio by Dublin-based estate agent Owen Reilly and on the line by Michelle Norris, who is director of the Geary Institute for Public Policy at UCD and was a member of the Housing Commission. Produced by John Casey with JJ Vernon on sound. Hosted on Acast. See acast.com/privacy for more information.…

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Are we at the beginning of Donald Trump’s global trade war? 30:59

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At the start of this week US President Donald Trump took the global economy into uncharted territory by threatening a multi-front trade war. After last-minute negotiations on Monday, hefty tariffs for Canada and Mexico were suspended for 30 days. China then saw a 10% duty imposed on their imports into the US and retaliated soon after with their own tariffs on US energy and vehicles. The EU is also in Donald Trump’s sights, but it is unclear as to what kind of concessions he will want. Ireland is quite exposed in all this as bilateral trade with the US is hugely important - what could this all mean for our main exports and our country’s foreign direct investment? To get into the potential ramifications for Ireland and the wider global economy, host Cliff Taylor is joined by Irish Times Economic Correspondent, Eoin Burke-Kennedy, Irish Times China Correspondent, Denis Staunton and Professor of International Politics at the Clinton Institute in UCD, Scott Lucas. Produced by John Casey with JJ Vernon on sound. Hosted on Acast. See acast.com/privacy for more information.…

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What is DeepSeek and why did it send global markets into meltdown? 36:55

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On Monday, markets were in meltdown when it emerged that a Chinese app called DeepSeek had developed a low-cost AI technology that can compete with those of US giants but at a fraction of the cost and a fraction of the computing power. So, who is behind DeepSeek? And what is the future for the huge valuations on Big Tech and data centre stocks in the US and Europe? For some insight on this, host Ciarán Hancock was joined by Ciara O’Brien of the Irish Times and Aidan Donnelly, head of Global equities at Davy. Earlier this week, the State sold another 5 per cent of its holding in AIB. This reduced taxpayers’ holdings to 12.5 per cent in the Irish lender, which was bailed out by the State post the 2008 financial crash. Why has the State decided to sell more shares in AIB? What do we know of Paschal Donohoe’s plan for the remaining 12.5 per cent stake? What about the cap on pay and bonuses? Joe Brennan of the Irish Times covered the story and joined us on the line to explain. Produced by John Casey with JJ Vernon on sound. Hosted on Acast. See acast.com/privacy for more information.…

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Ireland’s childcare sector is struggling, but is a State-led model the answer? 37:14

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Karen Clince is CEO of Tigers Childcare, one of the biggest providers in the Irish market with 22 centres in Dublin, Cork, Kildare and Meath. She joins host Ciarán Hancock to explain the economics of running a childcare facility and give her view on proposals from the new Government to boost the sector. And Laura Slattery of the Irish Times talks us through the findings of a survey from Dublin Chamber which shows how the childcare crisis is limiting the ability of companies to recruit and retain staff, especially women, with a fifth of all companies describing it as the primary barrier to doing so. Plus, the World Economic Forum kicked off on Monday in the Swiss resort of Davos with many leading business and political leaders assembling to discuss the big global issues of the day. It’s fair to say that Donald Trump’s return to the White House overshadowed all of that. The new US president hit the ground running, issuing more than 100 executive orders on his first day in office and pulling the US from the OECD’s global corporate tax deal. That deal is very important to Ireland and could put us on a collision course with Trump’s new administration. Irish Times Economics Correspondent Eoin Burke-Kennedy joins Ciarán on the line from Davos to go through the event’s main talking points thus far. Produced by John Casey with JJ Vernon on sound. Hosted on Acast. See acast.com/privacy for more information.…

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Is Ireland’s planning system broken? 35:53

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Last week a high-profile residential property scheme for Dundrum village in Dublin, that would have delivered 881 apartments and a mix of commercial units, was rejected by An Bord Pleanála. The scheme had first been proposed in 2021 by Hammerson and Allianz who between them owned the land. In a rejection letter the board was strong in its language noting the excessive density, height and scale, together with its “monolithic appearance”. And that it would have had an overbearing impact on neighbouring residential properties. This decision prompted Cliff Taylor of the Irish Times to write a column on the issue and its relevance to the housing crisis here. He joins host Ciarán Hancock on this week’s episode of Inside Business. Also joining the show is Tom Phillips, an experienced planning consultant who has been involved in a number of large development applications, but not the one for Dundrum. He gives his thoughts on how the planning system works, the role of planning consultants, and the contradictions in the current system that are holding us back as we seek to break the log jam of the housing crisis. Produced by John Casey with JJ Vernon on sound. Hosted on Acast. See acast.com/privacy for more information.…

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Could a glut of affordable EVs tempt Irish motorists to make the switch? 44:56

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Figures for 2024 showed a 1 per cent decline in total car sales across the Irish market versus 2023. But the number of electric vehicles sold reduced by almost 24 per cent with just 17,459 registered. This is against the backdrop of a government target to have one million EVs on Irish roads by 2030 as we phase out the use of fossil fuels. Neil Briscoe writes extensively about motoring for the Irish Times and he joined host Ciarán Hancock on the line to go through some of the affordable options for those looking to buy, and explain why sales of EVs went into reverse last year. In part two of the podcast, we hear from Conor Hanley, chief executive and president of Fire1, an Irish MedTech company that this week raised $120million to fund final clinical stage trials in the US for a device which helps monitor heart failure. He joined Ciarán in studio to explain why he thinks the technology is a major breakthrough for the many millions of people who suffer from this potentially life-threatening condition. Produced by John Casey with JJ Vernon on sound. Hosted on Acast. See acast.com/privacy for more information.…

Inside Business with Ciaran Hancock

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What’s in store for 2025? 36:52

for 15 weeks siden36:52

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For this week’s episode, host Ciarán Hancock was joined by a stellar panel to look forward to 2025. They tried to predict what would happen with foreign direct investment with Donald Trump back in The White House, a new coalition government is to be formed but will it solve the decade-plus housing crisis, and they consider the impact of artificial intelligence – can it live up to the hype of the last two years? The panel comprises Feargal O’Rourke, the former PwC managing partner, who now wears many corporate hats, including as chairman of IDA Ireland, Marian Finnegan is Managing Director of Residential at Sherry Fitzgerald, the country’s biggest firm of estate agents, while Chris Horn is a tech entrepreneur and columnist at the Irish Times. Produced by John Casey with JJ Vernon on sound. Hosted on Acast. See acast.com/privacy for more information.…

Inside Business with Ciaran Hancock

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A year of thoughts on Ireland’s housing crisis 24:07

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Ireland’s ongoing housing crisis was the number one concern for voters as they went to the polls in November with scarce supply and price inflation a feature throughout 2024. It was also a topic covered repeatedly on this podcast throughout the year with many experts and contributors offering context, insight, and in some cases, potential solutions to the housing crisis. Produced by John Casey. Hosted on Acast. See acast.com/privacy for more information.…

Inside Business with Ciaran Hancock

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Hospitality in Dublin: ‘stress and burnout are getting worse in the industry’ 27:20

for 17 weeks siden27:20

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It has been another tough year for restaurant and café owners – according to the Restaurant Association of Ireland, two venues a day are closing as businesses struggle to make ends meet amid rising inflation and a spike in payroll costs. On this week’s episode of Inside Business, host Ciarán Hancock is joined by Vanessa Murphy, co-owner of Las Tapas de lola on Camden Street in Dublin’s city centre, and Aisling Rogerson, owner of the popular Fumbally café and bakery in Dublin’s Liberties. They discuss their trading struggles post-Covid, rising prices and menu changes, the challenges of recruiting and retaining staff, and how they have changed their trading hours to reflect the altered dining habits of customers. Produced by John Casey with JJ Vernon on sound. Hosted on Acast. See acast.com/privacy for more information.…

Inside Business with Ciaran Hancock

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From Apple Tax to Swiftonomics: 2024 in review 42:10

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As 2024 nears its end, Inside Business looks back at some of the big stories of the year. Everything from rising house prices to soaring corporation tax receipts, to Taylor Swift concerts and Donald Trump’s re-election as US president. To review the year, host Ciarán Hancock iss joined by Eoin Burke-Kennedy, Conor Pope and Ian Curran of The Irish Times to discuss issues around housing, the cost of living crisis, the €13 billion Apple tax ruling, and the demise of many restaurants and cafes. Produced by John Casey with JJ Vernon on sound. Hosted on Acast. See acast.com/privacy for more information.…

Inside Business with Ciaran Hancock

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Retailers in Dublin: “shoplifting is a huge concern” 35:53

for 19 weeks siden35:53

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On this week’s episode of Inside Business, host Cliff Taylor is joined in studio by Louisa Earls, manager of Books Upstairs, along with Laura Caffrey, & Clare Grennan, Co-Owners of Irish Design Shop, to get an insight into their experience as independent retailers in Dublin city during a period of the year that accounts for up to a third of their annual sales. Louisa discusses the pivot Books Upstairs made towards online sales during the early days of Covid, the titles that have flown off the shelves this year, competing with Amazon and what the government could do better to protect small independent businesses operating in the city. Laura and Clare from Irish Design Shop explain the challenges of starting a business in the teeth of the financial crash in late 2008, stocking products from over 60 Irish designers in its Drury Street shop, soaring tourist trade and why so many online orders are now coming from suburban Dublin. All three guests highlight the surge in shoplifting and why it is so difficult to combat. Produced by John Casey with JJ Vernon on sound. Hosted on Acast. See acast.com/privacy for more information.…

Inside Business with Ciaran Hancock

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‘Ireland is on a winning streak’: The outsider’s view of our economy 38:58

for 20 weeks siden38:58

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With the Irish government rolling in clover like never before, what is the outsider’s view of our economy? Max Colchester, Britain Correspondent for the Wall Street Journal, has been writing about this following his recent visit to Dublin. He notes how other governments around Europe are struggling and raising taxes while we have set up two sovereign wealth funds to make good use of the billions in corporate tax receipts that continue to roll in – something that hasn’t gone unnoticed by Donald Trump’s pick for Commerce Secretary, Howard Lutnick. He joins host Cliff Taylor to discuss the envious position Ireland finds itself in. Also on this episode, Irish Times Consumer Affairs Correspondent Conor Pope digs into whether the onslaught of advertised bargains for Black Friday are as good as they sound. Why do sales now start weeks before Black Friday? Can I get the same bargains during the year? And does buyer’s remorse and this annual event go hand in hand? Produced by John Casey with JJ Vernon on sound. Hosted on Acast. See acast.com/privacy for more information.…

Inside Business with Ciaran Hancock

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Irish companies are already preparing for impact of Trump’s tariffs 34:25

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Donald Trump’s stance on imports coming into the US could have very real implications for Irish transatlantic trade. September proved to be a record month for Irish exports, as well as a record level of exports going to the US. This underlines the importance of a market that could be jeopardised if the president-elect follows through on his promise to introduce blanket tariffs on goods entering the US. Carol Lynch is customs and trade partner with BDO Ireland and she joined host Cliff Taylor to give some insight into what those tariffs could do to the Republic’s largest export market outside of the EU, and how Irish companies have already started preparations to manage those impacts. Cathal Foley and his company PACE won the sustainability and overall prize at the 2024 Irish Times Innovation awards. PACE stands for Platform for Analysing Carbon Emissions, specifically airline carbon emissions. The aviation sector has set an ambitious target of net zero emissions by 2050, something that is likely to cost around five trillion dollars. Cathal explained how PACE aims to help the sector achieve that target. Produced by John Casey with JJ Vernon on sound. Hosted on Acast. See acast.com/privacy for more information.…

Inside Business with Ciaran Hancock

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Why switching your mortgage rate can save you a lot of money (especially if you are green) 39:51

for 22 weeks siden39:51

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Research from online broker Doddl.ie has estimated that savings of about €7,400 a year could be achieved by switching your mortgage rate. Martina Hennessey is chief executive of Doddl.ie and she joined host Ciarán Hancock to go through the maths on this. She also explained how the most attractive rates available apply to those with the most energy efficient homes. In the past week, the US stock market has surged following Donald’s Trump’s election victory. Donnacha Fox is chief investment officer at Quilter Cheviot and joined Ciarán in studio to explain why US stocks and crypto have spiked since it became clear that Trump was heading back to the White House. Produced by John Casey with JJ Vernon on sound. Hosted on Acast. See acast.com/privacy for more information.…

Inside Business with Ciaran Hancock

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What Trump’s presidency could mean for Ireland’s economy 31:29

for 23 weeks siden31:29

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After a remarkable political comeback, Donald Trump will be the next President of the United States. So, what will that mean for the Irish economy, given that he has threatened huge tariffs on imports and promised to slash its corporate tax rate. Host Ciarán Hancock is joined by Cliff Taylor of The Irish Times to get his view on how bad a Trump presidency could be for Ireland . Also on the show, Conor Pope of The Irish Times explains why being single can cost you more than €300,000 over and above what a person in a couple will pay over the course of their adults lives, taking into account areas like housing, groceries, and taxes. Produced by John Casey with JJ Vernon on sound. Hosted on Acast. See acast.com/privacy for more information.…

Inside Business with Ciaran Hancock

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Is a Ryanair-style model the answer to Ireland’s housing crisis? 39:15

for 24 weeks siden39:15

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This week’s episode looks at the housing crisis from a slightly quirky angle. Imagine if Michael O’Leary decided to set up a development company to build housing and applied some of the lessons from Ryanair’s experience in disrupting the air travel business over the past three decades. It’s a point that Irish Times economics correspondent Eoin Burke Kennedy posited in a column earlier this week . Could a no-frills approach reduce construction costs that could in turn be passed on to home buyers? Paul Mitchell, director of construction consultancy Mitchell McDermott and an expert on construction costs, also joins the podcast to give his thoughts on potential solutions to ease the housing crisis in the coming years. Mitchell McDermott recently produced a cost study report on behalf of the Department of Housing, contained in which is the eye-watering figure of €600,000 now necessary to build a two-bedroom urban apartment. Produced by John Casey with JJ Vernon on sound. Hosted on Acast. See acast.com/privacy for more information.…

Inside Business with Ciaran Hancock

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Data centres are energy-hungry and employ few people, so why does Ireland need more of them? 40:18

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In his recent piece for the Irish Times, Harry Goddard, CEO of Big Four firm Deloitte, argues that Ireland needs to build more data centres. He says this could generate the demand for a sufficient number of renewable energy projects to be built to help those facilities operate on a carbon neutral basis. He joins Inside Business host Ciarán Hancock to explain why more data centres need to be built here, despite the large amount of electricity and water necessary to run them and the relatively small amount of people employed by them. Also on the podcast, Eoin Burke Kennedy of The Irish Times outlines five key battlegrounds in the upcoming general election, which we now know will be held this year. He cites housing, spending overruns, the cost-of-living crisis, interest rates, and business failures. Produced by John Casey with JJ Vernon on sound. Hosted on Acast. See acast.com/privacy for more information.…

Inside Business with Ciaran Hancock

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‘Hospitality demand is there, but there is no margin anymore’ 39:50

for 26 weeks siden39:50

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These are some very challenging times for retail and hospitality here, with news this week that men’s fashion retailer Alias Tom was placed into liquidation while high profile Dublin restaurant Shanahan’s on St Stephen’s Green closed, and Dillinger’s in Ranelagh will close in November after 16 years in operation. On Tuesday, hundreds of hospitality, tourism, retail, and other small business owners protested in Dublin outside Leinster House about the increasing costs of doing business here, with many of those costs being Government imposed. The Restaurant Association of Ireland was one of the groups that organised that protest, and its CEO Adrian Cummins joins Inside Business host Ciarán Hancock to discuss the key issues raised at the protest, while Eoin Burke Kennedy of The Irish Times explains the backdrop to Alias Tom’s winding up this week. At the end of last month, the Government announced that the much talked about auto enrolment private sector pension scheme would finally come into effect in September 2025. A report in the Irish Independent suggested there could be a tax sting in the tail for those workers, following the release of the Finance Bill last week. Dominic Coyle, The Irish Times resident pensions expert, outlines what’s being proposed in the Finance Bill for auto enrolment. Produced by John Casey with JJ Vernon on sound. Hosted on Acast. See acast.com/privacy for more information.…

Inside Business with Ciaran Hancock

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Retail and hospitality in the firing line as Irish insolvencies ramp up 24:30

for 27 weeks siden24:30

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According to PwC’s quarterly insolvency barometer, the retail sector now accounts for one in four of all insolvencies so far this year. Hospitality is also being adversely affected with smaller operators more likely to fail. Inside Business host Ciarán Hancock is joined by Ken Tyrrell, business recovery partner at PwC Ireland, to go through their research and get a handle on how many more insolvencies are potentially in the pipeline as we head towards 2025. Also on this week’s episode, Irish Times Work Correspondent Emmet Malone talks us through two industrial disputes affecting some big-name multinationals here with members of trade union Connect deferring a 24-hour work stoppage at a Meta data centre in Clonee on Monday. And separately, Unite trade union has warned of more pickets being placed on selected large construction sites around the country after strikes at an Intel site in Kildare. Produced by John Casey with JJ Vernon on sound. Hosted on Acast. See acast.com/privacy for more information.…

Inside Business with Ciaran Hancock

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Budget 2025: What it means for Irish households and businesses 35:48

for 28 weeks siden35:48

35:48

Host Ciarán Hancock is joined by guests to pore over the main points of Budget 2025. The €10.5 billion package has a range of measures, including the threshold for higher income tax rate rising to €44,000, the minimum wage gets an 80 cent bump to €13.50 an hour, the USC rate will be cut to three per cent, income credits will increase by €125, and a €12 weekly increase to welfare and pension payments. On the panel: Michael Rooney, EY Ireland Tax Partner Elaine Dunne, chairperson of the Federation of Early Childhood providers Cliff Taylor, Irish Times Managing Editor Jenifer Bray, Irish Times Political Correspondent Produced by John Casey with JJ Vernon on sound. Hosted on Acast. See acast.com/privacy for more information.…

Inside Business with Ciaran Hancock

1
Has Irish house price inflation finally peaked? 42:20

for 29 weeks siden42:20

42:20

On this week’s episode of Inside Business, host Ciarán Hancock speaks with Bank of Ireland chief economist Conall MacCoille about their latest economic bulletin. It shows that almost 40 per cent of Irish housing transactions are now settled at a minimum 10 per cent premium above the original asking price, something Bank of Ireland puts down to “the intense competition for homes”. Conall Mac Coille is author of the bulletin, and while he points to lack of supply and wage growth as factors driving house price inflation, he notes that we might be experiencing a peak at the moment. He also gives his thoughts ahead of next week’s budget and whether Ireland is insulated from the economic woes affecting Britain, Germany and the wider EU bloc. Also on this episode, we hear from HR expert Louisa Meehan about return to the office trends in the wake of Amazon’s recent decision to order staff back to the workplace five days a week. Is that likely to become a trend here? And is working from home potentially detrimental for younger employees at the outset of their careers? Produced by John Casey with JJ Vernon on sound. Hosted on Acast. See acast.com/privacy for more information.…

Inside Business with Ciaran Hancock

1
Should Ireland give the Apple tax billions to poorer countries? 59:26

for 30 weeks siden59:26

59:26

In his piece for the Irish Times earlier this week, CEO of Ibec Danny McCoy wrote about the ‘generational opportunity’ the next government will have to transform the country. Speaking with host Ciarán Hancock on this week’s episode of Inside Business, he explained how the key areas of infrastructure, education and energy strategy are central to maintaining a competitive economy here. And in terms of the funding needed to address those three areas, McCoy warned against a long-term reliance on the current corporate tax bonanza, he instead suggested more taxation on the individual, a move he knows would be politically unpopular. And what about the €13 billion of Apple tax? Ibec’s chief suggested that Ireland could take the noble step of giving it to poorer countries who really need it. Also on this episode, Irish Times Soccer Correspondent Gavin Cummiskey on the continuing financial struggles of the Football Association of Ireland as it finds itself still tens of millions in debt. Where does it leave League of Ireland clubs and emerging talent in a week where Dundalk FC had a near-death experience? Produced by John Casey with JJ Vernon on sound. Hosted on Acast. See acast.com/privacy for more information.…

Inside Business with Ciaran Hancock

1
How will the Apple tax ruling affect Ireland’s relationship with other multinationals? 32:51

for 31 weeks siden32:51

32:51

On this week’s episode of Inside Business we’re looking at the Apple tax judgement from the European Court of Justice with Joe Brennan. It was decided on Tuesday that the tech giant had enjoyed illegal State aid and the ECJ determined that Ireland should collect some €13 billion in back tax. Joe Brennan has covered this saga over the past decade and joined host Ciarán Hancock on the line to discuss the story. What is the background to the case? How is the money likely to be spent? Will this impact foreign direct investment here? Also on this week’s episode, we hear from Claire Nash who opened Nash 19 restaurant in 1992, going on a rollercoaster ride along with the ups and downs of the Irish economy. In January she pulled down the shutters after a succession of blows dealt by the pandemic, soaring inflation and the cost-of-living crisis. She discusses her reasons for closing, explains why a cup of coffee should really be costing €8 or €9 a pop, and offers her take on how the hospitality sector might be rescued via Government initiatives. Produced by John Casey with JJ Vernon on sound. Hosted on Acast. See acast.com/privacy for more information.…

Inside Business with Ciaran Hancock

1
Could office construction in Dublin soon come to a full stop? 37:19

for 32 weeks siden37:19

37:19

Reports last week highlighted the challenges in the commercial property market, particularly in the offices sector, with some prized assets receiving offers well below the sale prices attached by agents, with banks moving on some borrowers who find they are in breach of their covenants. John McCartney is head of research at BNP Paribas Real Estate and follows the market closely. He joined host Ciarán Hancock in studio to discuss the latest moves in the commercial property market. He began by giving some context to what’s happening in the market in terms of valuations and how private equity firms and the banks are currently viewing their exposures. In part two of this week’s episode of Inside Business we hear how a new survey from recruiter IrishJobs noted how AI is increasingly being used in hiring processes. This is happening on both sides of the equation, with candidates using it for their CVs and covering letters and by employers to sift through applications. Ian Curran of The Irish Times reported on the survey and joined us on the line. Produced by John Casey with JJ Vernon on sound. Hosted on Acast. See acast.com/privacy for more information.…

Inside Business with Ciaran Hancock

1
Inheritance tax in Ireland: What are the rules, and could they be changed in the budget? 31:57

for 33 weeks siden31:57

31:57

Inheritance tax has become something of a hot political issue, with hints of change coming in the budget supported by senior Fine Gael members who want to allow people to inherit more without being exposed to tax. But is this justified? Does it simply improve the lot of the better off in society? Or are there real anomalies that need to be addressed? For some insight on this, host Cliff Taylor was joined by Deputy Business Editor of the Irish Times, Dominic Coyle. In the second half of the show, Munro O’Dwyer, a partner with PwC Ireland, discusses potential changes to the current pension regime for high earners. PwC published a document earlier this week that points out some issues with the current €2 million standard fund threshold for pensions, something they want to see changed in the budget. Produced by John Casey with JJ Vernon on sound. Hosted on Acast. See acast.com/privacy for more information.…

Inside Business with Ciaran Hancock

1
What’s happening with Ireland’s housing crisis and where do we go next? 31:31

for 34 weeks siden31:31

31:31

If you’re trying to buy a home, a report this week from estate agent Sherry FitzGerald on house prices and available stock won’t have lifted your mood. The supply of second-hand properties for sale in Ireland has fallen by almost a third since the pandemic, according to Sherry Fitz figures. And it found that annual house price inflation was running at 5.5 per cent for the 12 months to the end of June, up from 3.4 per cent at the same time last year. Figures from the CSO last week told a similar story. On this episode of Inside Business , host Ciarán Hancock picks through the latest data points with Marian Finnegan, managing director of Sherry Fitzgerald, and Eoin Burke Kennedy, economics correspondent with The Irish Times. Produced by John Casey with JJ Vernon on sound. Hosted on Acast. See acast.com/privacy for more information.…

Inside Business with Ciaran Hancock

1
What to consider when switching to an EV 23:36

for 35 weeks siden23:36

23:36

The high price of electric cars has long been seen as a barrier for those looking to switch from the traditional combustion-engine car to an EV, but that is now changing with many car makers slashing their prices. But what is driving prices down and what impact will it have on the second-hand EV market here? Irish Times writer specialising in motoring Neil Briscoe explains. And what of the broader picture for EV usage here, how do we compare to other countries and is charging infrastructure keeping pace? Brian Caulfield, Professor in Transportation & Head of Department at Trinity College Dublin gives his thoughts. Produced by John Casey with JJ Vernon on sound. This episode was originally published in February 2024. Hosted on Acast. See acast.com/privacy for more information.…

Inside Business with Ciaran Hancock

1
‘A matter of days’ from insolvency: How an Irish company came back from the brink 33:29

for 36 weeks siden33:29

33:29

The Covid-19 pandemic that hit in March 2020 hammered the Irish hospitality and retail sectors. One company that was directly in the firing line was Moriarty’s a family run craft shop and restaurant in the Gap of Dunloe in Kerry that was largely dependent on American visitors for its business. The company survived this near-death experience by becoming one of the first SMEs in Ireland to use a new small company rescue process called Scarp, introduced by the Government at the end of 2021. Having wiped out substantial debts, Moriarty’s is once again thriving, and looking to expand its business beyond the Gap of Dunloe. Denis Pio Moriarty is a son of the founders and runs the business with other family members. He joined host Ciarán Hancock in studio to tell his company’s story of surviving the pandemic. He began by recalling Moriarty’s early days, from its opening in 1964 and its growth story up to when the pandemic hit in early 2020. Produced by John Casey. Hosted on Acast. See acast.com/privacy for more information.…

Inside Business with Ciaran Hancock

1
Despite its €725m funding plan, are there still storm clouds on the horizon for RTÉ? 35:18

for 37 weeks siden35:18

35:18

On this episode of Inside Business we look at the €725 million funding plan the Government has agreed to provide to RTÉ over the next three years. Laura Slattery of The Irish Times sat down with RTÉ chief Kevin Bakhurst last week and not surprisingly he was “really pleased” with the settlement. Laura joined host Ciarán Hancock in studio to explain how the settlement provides RTÉ with financial stability over the next three years. Also on the podcast this week, Revolut recently announced its intention to offer mortgages in the Irish market. But there has also been a growing number of complaints about the digital bank from customers who have had their accounts scammed and have run into a brick wall with Revolut in terms of getting the issue resolved. Brendan Burgess is a consumer advocate and runs the website Askaboutmoney.com, we began by asking him for his view on whether Revolut offering home loans would shake up an Irish mortgage market dominated by AIB and Bank of Ireland. Produced by John Casey with JJ Vernon on sound. Hosted on Acast. See acast.com/privacy for more information.…

Inside Business with Ciaran Hancock

1
‘With airlines there’s always some volatility' 39:47

for 38 weeks siden39:47

39:47

This week industrial peace broke out at Aer Lingus when pilots at the airline voted in favour of a pay proposal brokered by the Labour Court, ending weeks of industrial action that disrupted about 86,000 passengers of Aer Lingus. Ryanair also warned of weaker trading and profitability as passengers put a limit on how much they are prepared to pay for a flight. Barry O’Halloran of The Irish Times and Davy equity analyst Stephen Furlong joined host Ciarán Hancock in studio to discuss those and other developments in the aviation sector this week. In the second part of this episode, Eoin Burke Kennedy, economics correspondent of The Irish Times, discusses the tax strategy papers released by the Department of Finance on Tuesday, which will help inform policy in October’s budget. They include proposals to introduce congestion charging for motorists and to require people to report inheritances and gifts to Revenue if it exceeds €3000 in value. Produced by John Casey with JJ Vernon on sound. Hosted on Acast. See acast.com/privacy for more information.…

Inside Business with Ciaran Hancock

1
Ireland’s hospitality sector: ‘The customer feels they are not getting value for money’ 38:40

for 39 weeks siden38:40

38:40

This week the Irish Tourism Industry Confederation, which represents the broad hospitality sector, made its pre-budget submission to Government. Among the asks, were a return to the 9 per cent VAT rate, more cash from the State to promote the industry and a lifting of the 32m passenger cap at Dublin Airport, the country’s main gateway for visitors. So, how is the hospitality sector in Ireland doing given it is peak tourism season and Covid is a distant memory? Host Ciarán Hancock is joined by an expert panel, with Eoghan O’Mara Walsh, chief executive of the Irish Tourism Industry Confederation, Paul Donnellan, Head Chef and Owner of Gemelle’s Restaurant in Galway, and Paul Gallagher, General Manager of Buswells Hotel in Dublin. Paul Donnellan explains why half of his restaurant in Galway city is currently mothballed, while Paul Gallagher outlines the financial hit to Buswells Hotel from recent Aer Lingus flight cancellations and the empty rooms it was left with on the first night of Taylor Swift concerts in Dublin at the end of June. But this episode begins with Eoghan O’Mara Walsh explaining why the industry was once again asking Government to restore the 9 per cent VAT rate. Produced by John Casey. Hosted on Acast. See acast.com/privacy for more information.…

Inside Business with Ciaran Hancock

1
Summer Economic Statement: Are the days of prudence well over? 36:58

for 40 weeks siden36:58

36:58

On Tuesday, the Government published its Summer Economic Statement, which provides a framework for tax and spending in October’s budget. We discovered that the budget will be framed around a massive tax and spending package of €8.3 billion. Strip out Covid and cost of living years, and that would make it one of the most generous in the history of the State. In turn, this has fuelled speculation of an early general election in November. On this week’s episode of Inside Business, Eoin Burke-Kennedy and Cliff Taylor join Ciarán Hancock to go through the headline numbers in the statement and how the €8.3 billion breaks down. In the second half, we hear from Martin Muller, professor of geography and sustainability at the University of Lausanne in Switzerland. He’s been crunching the numbers on the costs and payback for host cities for big events such as the Olympic Games, and following many years of preparation, billions spent on facilities and new infrastructure and the promise of an economic bounty, is Paris set to benefit from playing host to this year’s games? Produced by John Casey with JJ Vernon on sound. Hosted on Acast. See acast.com/privacy for more information.…

Inside Business with Ciaran Hancock

1
Irish housing crisis: increased supply will not help affordability 25:14

for 41 weeks siden25:14

25:14

This week we are focusing on mortgages and housing supply. Host Ciarán Hancock is joined by an expert panel comprising Irish Times finance correspondent Joe Brennan, economics correspondent Eoin Burke-Kennedy and Home & Design Editor Fiona Reddan. Fiona Reddan profiles the typical Irish house buyer in the market. How old are they? Where are they buying? What kind of salary are they earning and how big a part does the ‘Bank of Mum and Dad’ play? Eoin Burke-Kennedy explains why there are so many differing views in the market as to how many houses we need to build to meet annual demand. Will 50,000 suffice, or should it be as high as 85,000? And Joe Brennan discusses plans by digital bank Revolut to offer mortgages in the Irish market from next year. A move that should make AIB and Bank of Ireland sit up and take notice. Produced by John Casey with JJ Vernon on sound. Hosted on Acast. See acast.com/privacy for more information.…

Inside Business with Ciaran Hancock

1
Jack Chambers: what to expect from the youngest Minister for Finance since Michael Collins 35:34

for 42 weeks siden35:34

35:34

On this week’s episode of Inside Business we start with Jack Chambers’ appointment as the new Minister for Finance following Michael McGrath’s nomination by the Government as Ireland’s next European Commissioner. So, who is Jack Chambers and why has he been given such a plum role in Cabinet? Irish Times Political Editor, Pat Leahy, charts the rise and rise of someone many are tipping as Micheál Martin's heir apparent to lead Fianna Fáil. Also on the podcast: aggression against workers in the Irish retail sector has been on the rise, prompting employers’ group Ibec to draft a toolkit to help businesses address this growing problem. Nicola Harkin is head of employment law services at Ibec and she joined Ciaran Hancock to explain the reasons behind this surge in aggression and how its new toolkit might help. Produced by John Casey with JJ Vernon on sound. Hosted on Acast. See acast.com/privacy for more information.…

Inside Business with Ciaran Hancock

1
Industrial action at Aer Lingus: How will it impact passengers? 38:37

for 43 weeks siden38:37

38:37

On this week’s episode of Inside Business, we begin with Aer Lingus, after pilots at the airline voted again on Monday to pursue industrial action over a long-running pay dispute with the company. On Tuesday, the pilots’ union Ialpa announced a work-to-rule that will begin on June 26th and run for an indefinite period. Barry O’Halloran of The Irish Times has been covering the various twists and turns in this pay dispute for many months now and he explained what impact a work-to-rule would have on Aer Lingus’s schedule. And what could this dispute mean for customers planning costly holidays this summer? Tune in to hear Conor Pope explain what protections are in place for those booking independently or through a travel agent. Also on this week’s podcast, we hear from Irish Times London Correspondent Mark Paul who has been on the campaign trail around the UK with the Tories and Labour. Data from the Bank of England suggested inflation had returned to its 2 per cent target, which should be good news for the Conservative Party. Instead, Rishi Sunak has failed to generate any cut through with voters, in spite of announcing a number of tax cuts and other headline measures. But what would the economic policy of a Labour government look like? Produced by John Casey with JJ Vernon on sound. Hosted on Acast. See acast.com/privacy for more information.…

Inside Business with Ciaran Hancock

1
‘Ireland is a microcosm of a global housing problem’ 30:11

for 44 weeks siden30:11

30:11

On this week’s episode of Inside Business, host Ciarán Hancock is joined by Irish Times economics correspondent Eoin Burke-Kennedy to discuss the three global mega-trends that he believes stoked the Irish housing crisis and what, if anything, can be done about it. Are government supports such as the Help to Buy Scheme pushing up house prices? Will families ever be able to compete with financial institutions for properties that come to market? And should the Government employ drastic measures to increase affordability? Listen to this week’s Inside Business to find out. Plus, why is the minimum threshold for new building inspections so low here? Head of the Society of Chartered Surveyors Ireland, Kevin Hollingsworth, feels Ireland’s enforcement of building regulations is totally inadequate and needs to be significantly ramped up if we are to avoid a repeat of issues such as defective Celtic Tiger-era apartments or homes affected by mica and pyrite. Produced by John Casey with JJ Vernon on sound. Hosted on Acast. See acast.com/privacy for more information.…

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