Breakfast Business with Joe Lynam

Business Editor Joe Lynam takes a look at the business markets and websites with Aidan Donnelly from Davys.

Shein is a global clothing behemoth from China. Although it flatly denies it, a group of American congressmen and women have called for Shein to be investigated over claims of forced labour in the Xinjiang region of China. The whole issue has placed the sourcing of our wardrobes and ethical buying in question.  Speaking to Joe this morning was Jake Posner from the Sustainable Fashion brand No One...

The services sector in Ireland includes everything from Accountants to IT specialists as well as pubs and restaurants. It’s a very important part of the Irish economy, and according to the latest measure of the AIB purchasing managers index, Services are booming with a value of 58 last month. Oliver Mangan is the chief economist with AIB

Newstalk Business Editor Joe Lynam takes a run-through of some of the main business stories today.

The government and many experts have trumpeted the potential for renewable energy from Ireland’s wind and waves, which are of course in abundance. But in regional terms, Ireland lags considerably behind many of its European rivals. Kevin Thompstone wrote a key report on this for the Atlantic Economic Corridor and is a board member of the Shannon Chamber of Commerce.

Newstalk's Business Editor Joe Lynam takes a look at today's business papers and markets.

Yesterday, in a BBC interview, one of the creators of the modern world of artificial intelligence, Geoffrey Hinton, gave an interview to say that he was resigning from his work in this field and worried that AI is now potentially out of control. It has certainly set the hairs running on both sides of the Atlantic and all over the technology world. But are we overreacting and is AI more of a friend...

The real deal event for small and medium-sized companies starts tomorrow in Goffs County Kildare. Entrepreneurs will hear motivational speeches from successful businessmen and women. So what is the mood out there among small firms? Stuart Fitzgerald from the Real Deal event which starts tomorrow in Dublin

How many times have you cursed the bank that you’re dealing with but also resigned yourself from the fact that you have no other choice than to deal with commercial banks? Well, change is potentially on its way. Many of the world’s biggest central banks are thinking about creating a way of bypassing commercial banks and enabling companies to do their banking directly with the central banks. Haydn...

A run-through of some of the business stories this morning with Business Editor Joe Lynam.

Circle K is a well-known retail brand in Ireland, and in every county in the country with more than 2000 staff. You would need a fair amount of experience and ability to be a director of the company and our next guest is still in his 30s but has earned the accolade of Newstalk business person of the month. Paul Dixon Director of Retail Sales and Operations at Circle K Ireland and is our Newstalk B...

We often talk on this program about Ireland’s excellent trading relationships with the United States, Germany, and even post-Brexit Britain. But we often neglect our fourth biggest trading partner in terms of exports, Belgium. we exported €17 billion to Belgium last year, but we only imported two .2 billion from them. Joining Joe this morning on the show was Her Excellency Mrs. Karen Van Vlierberg...

Joe Lynam takes a look at this morning's markets and business news with Aidan Donnelly from Davys.

The number of vacancies in the Irish jobs market has dipped a little. It’s not a downturn but it may signify that the economy is not running as hot as it was a few months ago. Also the number of jobs advertised as ‘fully remote’ has fallen now for 3 quarters in a row which may signify that the lockdown market for working from home is softening. Sam McIlveen, Managing Director of StepStone Ireland,...

According to the Central Bank of Ireland data this week, the average legal fees for claims using the personal injury assessment Board were just over €1000 whereas the average legal fees if the matter is brought before the courts known as litigation were €18,000. It’s all important because insurance premiums cannot fall without some controls placed on big payouts in the courts according to the insu...

A look at today's business papers and websites with Newstalk's Business Editor Joe Lynam.

A run-through of some of the business stories today with Business Editor Joe Lynam.

The Irish Management Institute (IMI) has been training managers for 61 years and is now affiliated with University College Cork. It’s launching a new Senior Executive Experience (SEE) programme and has conducted a survey about the wants and needs of the companies of the future. To tell us more about the programme was Shane O’Sullivan, Interim Chief Executive at the IMI.

Last November, the EU pass legislation called the Digital Services Act which applied new stricter controls on all content published in Europe by the big tech giants - aimed at preventing abuse, harm and misselling. Now in the next stage of the DSA, the Digital services Commissioner Thierry Breton has ‘designated’ or published guidelines for big Technology. So for example, the algorithms, which dec...

The annual review of food production and farming in this country has been published by Teagaisc and Chartered Surveyors. As you can imagine the invasion of Ukraine played a huge role on fertilizer and energy prices. The price of farmland was also up but by less than domestic property. So what does it all mean for food producers this year? Edward Mc Auley, Director of Practice & Policy for the Soci...

Private equity is the catch-all description for when wealthy individuals usually with experience take stakes in private or listed companies. They often use their stakes to turn businesses around or simply improve them in order to sell their holdings for a profit. The lawyers Taylor Wessing has assessed the Irish private equity market and found that there was a flight to quality and less risky comp...

A run-through of some of the business stories today with Business Editor Joe Lynam.

Ballygowan is Ireland’s best-known indigenous water brand and is bottled in Newcastle Co Limerick. Up to now that plant has run on energy from a variety of sources most of which used fossil fuels. That’s about to change. Britvik which owns Ballygowan, has signed a deal with Flogas to use only renewable energy from a wind farm in neighbouring Co Galway. Speaking to Joe this morning on the show was...

20 years ago, the supermarket chain Lidl had less than one percent of the Irish grocery market. Now it has 13%. It’s growing at such a pace that it has built one of the biggest warehousing and distribution centres on the island of Ireland in Mullingar. That facility is nine times the size of the Aviva Stadium, and now it has put solar panels on the roof to supply 20% of its sizable energy requirem...

Business Editor Joe Lynam takes a run through of some of the business stories today.