Afleveringen
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This week Inside Business looks at the impact of Donald Trumpâs first 100 days in office on markets.
The sweeping US tariffs announced on April 2nd rocked equity and bond markets.
They plunged in value to such an extent that Donald Trump was forced into a quick U Turn, postponing all of the tariffs for 90 days, with the exception of China.
Aidan Donnelly is Head of Global Equities at Davy stockbrokers and joined host CiarĂĄn Hancock in studio to consider the impact of those tariffs and to offer a view on where markets might go for the rest of the year.
In the second half of the show, Hugh Linehan of The Irish Times will reflect on the terms being offered in RTĂâs latest voluntary exit programme for staff in an effort to help the broadcaster reduce its headcount by 400 over the next four years.
The funding for this restructuring has essentially been provided by the State via a âŹ725 million three-year funding plan agreed last year with the Government.
In a column in The Irish Times this week, Hugh Linehan of The Irish Times examined the plan and asked the question as to whether RTĂ was in a worse position than other media companies in Ireland?
Produced by John Casey with JJ Vernon on sound.
Hosted on Acast. See acast.com/privacy for more information.
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This weekâs episode features Patrick Guilbaud, the French chef who brought fine dining to Ireland 44 years ago.
Situated beside the Merrion Hotel in central Dublin, Restaurant Patrick Guilbaud continues to thrive with two Michelin stars.
Guilbaud moved to Ireland in the early 1980âs when the country was in recession, and it wasnât always plain sailing. A visit from the sheriff for unpaid debts led to a partnership with successful businessmen Lochlann Quinn and Martin Naughton that helped put the restaurant on a sound financial footing. It also led him to relocate the restaurant to the Merrion Hotel site which was developed by Quinn and Naughton. A move that he considers to be the making of the business.
In February Guilbaud received the Distinguished Leader in Business award at the Irish Times Business Awards.
In this interview with host CiarĂĄn Hancock he discusses those difficult early days of trading, changes in the Irish restaurant trade over the past four decades, the current challenges facing the sector in terms of cost, and his plans for retirement.
Produced by John Casey with JJ Vernon on sound.
Hosted on Acast. See acast.com/privacy for more information.
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Zijn er afleveringen die ontbreken?
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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 âŹ3.4 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 Trumpâs 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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A full-blown global tariff war in underway.
Donaldâs Trumpâs 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 CiarĂĄn Hancock Is joined on this weekâs 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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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 âŹ88 million during the month.
This continued a trend dating back to last September.
In this weekâs episode of Inside Business, youâll hear conflicting views from the trade on the current state of the tourism sector here.
Eoghan OâMara Walsh, CEO of the Irish Tourist Industry Confederation, tells host CiarĂĄn 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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In the first part of this weekâs episode of Inside Business, we look at Tesla and the backlash against the vehicle car maker this year because of Elon Muskâs 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 Teslaâs 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. Heâs been covering Tesla since the get-go and joined host CiarĂĄn 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 doesnât 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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On this weekâs episode of Inside Business, we discuss US President Donald Trumpâs 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 âspecial tariffsâ, 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 â 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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This week, Inside Business host CiarĂĄn 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 companyâs original founding father Jefferson Smurfit, and son of Michael Smurfit who grew the company to become Irelandâs 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 Trumpâs 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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This weekâs 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 âŹ2 billion a year business that it is today.
He also has some tips for young business leaders and entrepreneurs, youâll 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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This week host CiarĂĄn 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 OâBrien.
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, McSorleyâs 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.
Noelâs 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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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 werenât revealed but it is understood that the price tag on the deal was âŹ45 million.
Founded in 2013 by Karl Brophy, the company was chaired by Gavin OâReilly, son of Tony OâReilly and a former chief executive of Independent News & Media.
Karl joins host CiarĂĄn 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 OâReilly.
It was a turbulent period in the history of the company, with a well-publicised battle for control of the business between the OâReilly family and Denis OâBrien, 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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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 CiarĂĄn 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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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 Trumpâs 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 countryâs 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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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 CiarĂĄn Hancock was joined by Ciara OâBrien 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 taxpayersâ 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 Donohoeâs 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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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 CiarĂĄn 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.
Itâs fair to say that Donald Trumpâs 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 OECDâs global corporate tax deal.
That deal is very important to Ireland and could put us on a collision course with Trumpâs new administration.
Irish Times Economics Correspondent Eoin Burke-Kennedy joins CiarĂĄn on the line from Davos to go through the eventâs 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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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 PleanĂĄla.
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 âmonolithic appearanceâ. 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 CiarĂĄn Hancock on this weekâs 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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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 CiarĂĄn 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 CiarĂĄn 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.
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For this weekâs episode, host CiarĂĄn 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 â can it live up to the hype of the last two years?
The panel comprises Feargal OâRourke, 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 countryâs 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.
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Irelandâs 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.
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It has been another tough year for restaurant and cafĂ© owners â 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 weekâs episode of Inside Business, host CiarĂĄn Hancock is joined by Vanessa Murphy, co-owner of Las Tapas de lola on Camden Street in Dublinâs city centre, and Aisling Rogerson, owner of the popular Fumbally cafĂ© and bakery in Dublinâs 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.
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