Breakfast Business with Joe Lynam

A look at today's business stories and websites with Joe Lynam.

Few non Irish companies have invested more in this country than Intel.  Only last October it opened its latest and most modern fabrication unit in Leixlip at a total cost of $17bn.  Only last week it emerged that Intel was looking to invest a further $11bn here.  Now it wants to help the rest of us to give back to our communities by matching voluntary work by paying $10 for every ho...

Ryanair has just published its full year results for the Financial year and post tax profit was up 34% at €1.92billion.   It flew 184m people over the past year - giving it a load factor was also up to 94% but it admitted that soaring fuel bills caused issues  Joining Pat on the show this morning was Neil Sorahan the Chief Financial Officer with Ryanair.  

The meltdown in governance at RTE last year underlined for many the importance of having the right people in State boards.  People who are unafraid to speak truth to power.  Unfortunately, the reports from Mazars about RTE may deter qualified and talented people from working in the public sector.  All these issues are underlined today in a book from the Institute of Directors in Ire...

If the weather is continuously good over the coming months, we will no doubt be asked to conserve water. Although Ireland is the only country in the European Union which doesn’t charge for its water, it still has a huge investment program to undertake as well as preserving water resources.   Uisce Eireann, is organising a stewardship accelerator program to encourage companies to come up...

Joining Joe this morning to look at this morning's business stories was Michael O'Sullivan Co Founder of Unio Wealth Managers.

Everyone knows UPS with their distinctive brown uniforms and vans. But did you know it has a major healthcare division focusing on getting vital products and sometimes even organs from A to B in zip time.  And with Pharma accounting for 50% of Irish physical exports, UPS is opening a new state-of-the-art healthcare facility in Swords. Cathy O’Brien, Vice President for International Sales at U...

It’s been exactly 3 years since the HSE and the Irish Government was rocked by a giant cyber attack which flattened the Irish healthcare system.  The attackers wanted ransom to be paid in cryptocurrencies which is the go-to payment method due to its perceived untraceability.  But what can the authorities do in these situations? Joining Joe this morning was Jim Lee used to be a Direc...

Newstalk's Business Editor Joe Lynam takes a look at today's business stories and websites.

The average cost of litigation through the courts is €17000 and can take up to 4 years but if you use the injuries resolution board formerly known as PIAB you can bring that down to roughly 9 months and a fraction of the cost.  Mediation is a new service as well which adds to the slew of insurance reforms aimed at keeping premiums down.  But premiums which have fallen of late especially...

What do the credit unions, An Post, Lidl and Boots have in common?  They've been voted the most reputable companies in Ireland.  Uisce Eireann has improved the most but dear old RTE has falling down the charts the most over the past year according to the Reputations agency. Niamh Boyle, is the CEO of The Reputations Agency and joined Joe this morning on the show.

A look at today's business stories and websites with Joe Lynam.

There has been a lot of turbulence in Ireland’s general insurance market with lots of companies exiting - claiming that it wasn't profitable.  But a series of reforms including the PIAB scheme and caps on payouts has seen newer entrants coming in.  One of the more notable new kids on the block will be OutSurance from South Africa which launches this week.     Joining...

The original mission of enterprise Ireland was to encourage small Irish companies to grow overseas. Increasingly that mission is to support start-up companies and last year it supported 156 such companies 55% of whom were outside the capital city. On top of that, some of those companies will represent Ireland at the start up “World Cup“. Speaking to Joe this morning was Anna-Marie Turley,  He...

A look at today's business stories and websites with Joe Lynam.

The front page of the Business Post recently said that in order to meet population growth as well as demand, Ireland might need to dramatically hike its annual building target to almost  80,000 units.  That’s pretty unlikely at the moment but it’s clear that unified national effort is needed from the public and private sectors.  Bank of Ireland have hired a new Head of property and...

Artificial intelligence is the buzzword for companies.  But what will it really change for businesses and have the smaller firms any chance to keep up if they can't afford to use expensive AI packages compared to larger rivals.  Bearing Point are American consultants with a sizeable presence here in Ireland who advise other companies how and what to do with AI. Speaking to Joe in studio...

A look at the international business stories this morning with Russ Mould from AJ Bell.

Anyone who has ever painted anything or played a musical instrument or even dreamed of being a designer, will probably have noticed Apple’s much vaunted new advert for its new very expensive iPad.  Dozens of items in the creative process are physically crushed and destroyed revealing the new thinnest ever iPad in its wake.  The backlash was quick and stinging from many quarters from peop...

2024 has probably been the worst year for Boeing‘s reputation since the company was founded almost 80 years ago. A door blew out mid-air in January and only this week it emerged that safety inspectors at the planemaker didn’t carry out their work on the new 787 Dreamliner aircraft. On top of that the BBC has spoken to whistleblowers outlining corners being cut at companies which supplied Boeing. A...

Aidan Donnelly from Davys joined Joe this morning to run through the main business stories this morning.

The amount of money laundered around the world is an estimated $3.6 trillion or nearly 4% of global GDP.  Only 1% of that ever gets recovered.  It’s hard to fathom that so much money can be ‘cleansed’ from illicit origins and yet so little ends up in the hands of taxpayers.  So what can we do to curb money laundering that’s not already being done.  Ireland lost out to Frankfurt...

Vertigo is usually associated with a fear of heights but it’s a lot more than that and can affect 1 in 20 in older people.  Treating it is complicated but an Irish startup is working on a device to help with that.  It’s called Vertigenius and today joining Joe was Mark Barry is the Chief Executive who has just secured €2.1m to expand R&D.

A look at today's business stories and websites with Joe Lynam.

Ireland’s largest chain of pharmacies, Lloyds with 80 shops, has just merged with McCabe's to make it a formidable group with 112 stores.  The entire group is now owned by a company called PHX which is a wholesale as well as retail business throughout Europe.  Paul Reilly from PHX Ireland which now includes McCabe's pharmacies joined Joe this morning in studio.