Inside Business with Ciaran Hancock
A weekly look at business and economics from an Irish perspective hosted by Irish Times Business Editor Ciarán Hancock. Produced in association with EY.
Episodes
‘No profit and crap governance’ – is Elon Musk’s SpaceX actually worth $1.75 trillion?
First up on this week’s episode of Inside Business is Elon Musk's company SpaceX and its plan to raise $75 billion through what will likely be the biggest initial public offering (IPO) in history this Friday.The company values itself at $1.75tn, but some analysts feel it is worth far less.Could it prove to be a risky bet for the retail investor given SpaceX's lack of profit? And there are question
David McRedmond: ‘O’Connell Street needs high density housing’
This week, Inside Business host Ciarán Hancock is joined in studio by An Post chief executive David McRedmond, who is about to step down after 10 years in charge of the State-owned company.He recently wrote an article for The Irish Times about the explosion in online shopping in this country and how it would impact on bricks and mortar retailers.Last year An Post delivered 75 million parcels to Ir
Will new pay transparency rules close the gender pay gap for good?
This week Inside Business looks at pay transparency. A new EU directive requiring employers to disclose salary ranges in the workplace and toughen rules enforcing gender pay equality comes into effect on June 7th.However, Ireland is set to miss that deadline, with no draft legislation in place. Nichola Harkin is head of employment law services at employers’ group Ibec and joins host Ciaran Hancock
Rents and evictions soar as house price inflation slows
House price growth hit 6.5 per cent in March, the slowest rate in two years, offering some chink of light to those hoping to buy. For tenants however, the news is grim, with rents rising by 4.4 per cent in Q.1, the highest quarterly increase since 2022. While the number of eviction notices issued by landlords rose by 50 per cent in the same period. All that against the backdrop of new government r
Could we be heading toward a world recession if Trump can’t broker a deal with Iran?
How high could oil prices go?It has shot up since the United States and Israel’s war with Iran began a couple of months ago. But not by as much as might have been expected. Talks on a deal are taking place but in the absence of a deal there is concern that a prolonged conflict could lead to a global recession. Economist John FitzGerald and Cliff Taylor of the Irish Times join host Ciarán Hancock i
PrepayPower are hiking their prices - will other energy suppliers soon follow suit?
First up on this episode of Inside Business, the rising cost of living. Prepay Power last week became the first Irish energy supplier to announce an increase in its prices since the Middle East conflict began.Daragh Cassidy is Head of Communications at consumer advice website bonkers.ie, and he joins host Ciarán Hancock to discuss the outlook for a range of consumer prices, and whether other energ
Inflation remains steady; and Conor Pope’s energy saving tips
On today’s Inside Business podcast Cliff Taylor from The Irish Times discusses the latest inflation figures, and our Current Affairs Correspondent Conor Pope offers tips on cutting your energy bills.Headline inflation in the Irish economy remained steady at 3.6% in April, figures published today show.“It’s hard to know how things will go but it looks like we could have a turbulent three to six mon
Kerry Group CEO on the impact of Middle East conflict, AI and drive to keep bread fresher for longer
Our guest this week on Inside Business is Edmond Scanlon, chief executive of Kerry Group, the global food ingredients player and one of Ireland’s biggest stock market companies.The Tralee-based company has left behind its dairy roots to focus on high value nutrition and ingredients, supplying major food companies around the world.Edmond joins host Ciarán Hancok in studio to discuss how Kerry Group
Has the fuel protest shown that the loudest lobby generally gets what they want?
On this week’s episode of Inside Business, host Ciarán Hancock speaks to Mayo entrepreneur Ciaran Crean. Ciaran is co-founder of Micksgarage.com, a business founded in 2004 selling car parts online. There have been a few bumps on the road since its foundation, but Micksgarage is currently in growth mode and has spun out a couple of businesses. One of those is WaveOMS, which provides software to Ir
“Back yourself”: Aimee Connolly shares her story of 10 years in business
In the 10 years since Aimee Connolly founded the viral beauty brand Sculpted by Aimee, it’s become a multi-million euro enterprise with plans to increase its revenues this year by 25 per cent.Today, Ciaran asks about her early days as an entrepreneur, starting the business with €10,000 in savings, and her tips on leadership, scaling, and plans to enter the lucrative US market.Connolly tells Inside
Iran’s cyber-attacks on Irish-based companies and the ongoing impact of conflict in the Middle East
It’s a year on since Donald Trump’s Liberation Day tariffs and host Ciarán Hancock is joined in studio by Aidan Meagher, EY partner and co-head of the geopolitical strategy team; to hear about the impact this has had on Irish exporters and global trade.They also chat about the current market turmoil and an increasing level of cyber-attack on the operations of American companies in Ireland by Irani
Are Government's fuel measures betting on a quick resolution to the conflict in Iran?
This week the Government introduced a €250 million package of measures to help businesses and households with their fuel bills over the next couple of months.But will it be enough? And is it merely a bet by Government on the Iran conflict being resolved quickly?Joining host Ciarán Hancock in studio to tease this out are Cliff Taylor of The Irish Times and Fergal O’Brien, director of lobbying and i
The difficult choices that could dramatically increase housing supply in Dublin
First up on this week’s Inside Business is Ireland’s housing crisis and where it is felt most – Dublin city. Mark Fitzgerald is chairman of the Fine Gael Commission for renewal and a non-executive director of Sherry FitzGerald Group. He joined host Cliff Taylor in studio to discuss a recent piece he wrote for the Irish Times where he highlights restrictive geography and the lack of imagination aro
‘Over a billion eyeballs will be on the parade’: St Patrick’s festival CEO Richard Tierney
First up on this week’s Inside Business is St Patrick’s Day. It’s just six days away but the festival itself is a four-day affair this year and will begin on Saturday. The man in charge of this major annual undertaking is Richard Tierney, chief executive of the St Patrick’s Day festival. He joined host Ciarán Hancock in studio to discuss year-long preparations that went into the 2026 festival, wha
How the conflict in the Middle East is already affecting Irish consumers
As the US-Israel attacks on Iran intensify and the conflict spreads in the Middle East, the impact on the world economy is already being felt. Ireland is already seeing motor fuel prices creep upwards, and the cost of home-heating oil soar in recent days. Do those price increases reflect reality or are Irish consumers getting taken advantage of? Will prices continue to rise? And how soon before Do
Could Trump’s new global tariff scupper the US-EU trade deal?
First up on this week’s Inside Business are US tariffs. Last Friday, the Supreme Court there ruled that Donald Trump’s tariffs from last year via emergency legislation were illegal. Trump responded by introducing a 10 per cent global tariff under separate legislation. So, what does this mean for Irish exporters? And what does it mean for the trade deal agreed last year with the European Union?Clif
Could Simon Harris’s savings scheme for the ‘middle classes’ prove to be a sound investment?
Tánaiste and Minister for Finance Simon Harris announced a plan this week to introduce a new savings scheme to unlock the €170 billion that people here are keeping in mostly low-yield bank deposit accounts.His plan is to devise a scheme that generates good returns for savers in a way that puts the money on deposit to better use in the economy.Cliff Taylor of The Irish Times covered the story this
David McWilliams on how social media giants are making billions from fake ads
First up on this week’s episode of Inside Business, we look at new research this week from Revolut suggests that social media companies made €32 million in revenue from scam ads to Irish users in 2025. The figure for Europe as a whole was a whopping €4.4 billion.Host Ciarán Hancock is joined by Irish Times reporter Hugh Dooley to takes us through the headline findings from the Revolut research, wh
Is it time Ireland abolished mandatory retirement?
On this week’s episode of Inside Business, we hear the argument for scrapping mandatory retirement here.Host Cliff Taylor is joined on the line by Irish Times contributor John Fitzgerald who thinks Ireland should follow the lead of Scandinavia, the Baltics and the Netherlands, where three-quarters of the population aged 60-64 are in the labour force. He makes the case that such a move could not on
With the price of an ounce now more than $5,000, why is everyone going for gold?
This week on Inside Business, host Ciarán Hancock is joined in studio by Cliff Taylor to talk about the recent surge in the price of gold, which went past $5,000 an ounce on Monday, setting a new high. In January alone, the price has climbed by 17 per cent.So, who’s buying it? Why is it viewed as a safe investment? And what role has US president Donald Trump played in this price spike?Cliff has be
Old order ‘not coming back’ as Trump overshadows World Economic Forum
As the annual World Economic Forum enters its third day, host Ciarán Hancock is joined from Davos in the Swiss Alps by Irish Times Economics Correspondent Eoin Burke-Kennedy.US President Donald Trump’s push to take over Greenland, and the strain it is putting on EU-US relations, has dominated this year’s event so far. Trump is due to arrive in Davos on Wednesday afternoon.On Tuesday, French presid
Trump vs the Fed: What does it mean for global trade and Ireland?
On this week’s episode, host Ciarán Hancock is joined in studio by the Irish Times economics experts Cliff Taylor and Eoin Burke-Kennedy.Tensions are rising between US President Donald Trump and the Federal Reserve. Trump has made it very clear that he is no fan of Fed chief Jerome Powell who is due to step down from his post in May, and that he wants the Fed to be more aggressive with interest ra
Ireland’s record tax take makes light of Trump tariffs fear
2025 proved to be a record year for tax receipt figures, with the total hitting €106bn.This was despite extensive warnings about the State’s precarious position due to Donald Trump’s series of tariffs, and the number of big multinationals that use Ireland as an export base.It was another bumper year for corporation tax receipts as they exceeded expectations, but perhaps the non-corporation ta
Another huge corporate tax take to AI’s next phase: What’s in store for 2026?
For this week’s episode, host Ciarán Hancock Is joined by an expert panel to look forward to 2026. After another record-breaking year for corporate tax receipts, is there now a real threat of concentration risk in the Irish economy?A huge amount of money has been raised and spent on AI, but where is it at in terms of its development? When will investors start looking for a tangible return?And will
Trump’s tariffs, a deepening housing crisis, and more corporate tax bonanza: The big stories of 2025
For this episode of Inside Business, host Ciarán Hancock is joined by a panel of experts to discuss the major stories of 2025.A busy year in markets was dominated by US president Donald Trump’s threats to impose huge tariffs on the United States’ trading partners, including Ireland.Ireland’s housing crisis showed no sign of improvement with completions trending well below Government targets.And an
Could the decision to spend most of next year’s corporation tax come back to bite the Government?
On this week’s episode of Inside Business, host Ciarán Hancock is joined by Chairman of the Irish Fiscal Advisory Council (Ifac) Seamus Coffey to discuss his concerns on how the Government is spending our corporation tax windfall.Ifac were this week in front of the Oireachtas Budgetary Committee giving its view on how that windfall is being spent. The corporation tax receipts for November topped&n
Why are apartments in Ireland so much more expensive to build than houses?
The latest report from the Society of Chartered Surveyors Ireland shows that only the top 20 per cent of earners can afford to rent an average apartment built in Ireland in 2025, while just the top 40 per cent of earners can afford to buy one.Paul Mitchell, a chartered quantity surveyor and one of the authors of the Real Costs of New Apartment Delivery report, joins host Ciarán
Will the Government’s new plan speed up the delivery of vital infrastructure projects?
On this week’s episode of Inside Business, we look at the sluggish delivery of large and necessary infrastructure projects that has been a feature of several successive Governments.A population surge means building more and better infrastructure for transport, water and housing has become increasingly urgent.The Government unveiled a new plan this week. The Accelerating Infrastructure Taskforce co
If Irish households are so rich, why does it feel like an illusion?
On this week’s Inside Business, host Ciarán Hancock is joined in studio by senior lecturer in housing at TUD Dublin, Lorcan Sirr.The episode starts with some recent good news, that the net wealth of Irish households is nearly €1.3 trillion, or an average of €228,000 each.Sounds good but as Lorcan explains, this is an illusion. He argues that Ireland isn’t really a wealthy country in spite of what
How AI is beginning to wreak havoc in the jobs market
On this week’s episode of Inside Business, we look at the role of AI in the hiring and firing of workers.Host Ciarán Hancock is joined on the podcast by Ciara O’Brien of the Irish Times to discuss why Amazon recently announced 14,000 job cuts globally as it seeks to trim expenses. Is this being driven solely by AI? Well, in an update to staff in June, Amazon chief executive Andy Jassy stated the c
Irish business grandee Gary McGann on working with Michael Smurfit, the fall of Anglo Irish and the current state of the Irish economy
This week on Inside Business host Ciarán Hancock is joined in studio by Gary McGann, a grandee of Irish business whose many roles included being chief executive of drinks group Gilbeys, Aer Lingus and packaging group Smurfit. Born and raised in Dublin, Gary actually began his career in the civil service, with the Comptroller & Auditor General. He studied at night to become an accountant and la
Will Imagine’s big gamble double its customer base?
This week’s episode of Inside Business sees host Ciarán Hancock joined in studio by Niall Tallon, chief executive of Irish telecoms group Imagine. A minor in the Irish market, the company recently made a bold move offering cheap fibre broadband products along with a promise not to increase those prices for the next five years. This is designed to double its customer base by 2030 as part of a multi
Tom O’Brien of Nephin Energy on the importance of gas, the potential of biomethane, and whether our energy bills will come down
This week’s guest on Inside Business is Tom O’Brien, group chief executive of Nephin Energy. Nephin owns 43 per cent of the Corrib gas field off the west coast of Ireland and also has ambitious plans to develop a network of agri-based biomethane plants across the country. While gas is a polluting fuel it continues to be an important part of our energy mix. Tom joins host Ciarán Hancock in studio t
Are plug-in hybrids just as polluting as petrol cars?
There is research from Brussels think tank Transport & Environment suggesting that plug-in hybrids are just as polluting as petrol cars. Neil Briscoe is a motoring expert and writes extensively on this for The Irish Times. And given his knowledge of motoring and our transition to EVs, were the findings a surprise to him? In the second part of the podcast, host Ciarán Hancock speaks to Cliff Ta
Dublin Bus CEO on recruitment challenges, going electric, and stamping out anti-social behaviour
On this episode of Inside Business host Ciarán Hancock is joined in studio by Billy Hann, chief executive of Dublin Bus, the biggest public transport company in our capital city. He joined the State-owned operator almost three years ago after a long career with the Irish Aviation Authority and is charged with leading a company that now transports more than 160 million passengers a year. He has a b
Budget 2026: What it means for Irish households and businesses
Ciarán Hancock is joined by guests to pore over the main elements of Budget 2026. The €9.4 billion package includes a minimum wage increase of 65c to €14.15c per hour, a €10 across-the-board increase to core weekly welfare payments, but no once-offs like double child benefit payments and electricity credits. On the panel:Cliff Taylor, Managing Editor, The Irish TimesFrank O’Neill, Tax Partner, EY&
Should we put more money into Irish soccer?
Ireland’s national soccer team will slide down the international rankings unless significant investment is made in the League of Ireland’s academy system, according to the league’s director Mark Scanlon.He has submitted a proposal to the Department of Finance ahead of Tuesday’s budget requesting €4m annually, rising to €8m after two years to be spread across Ireland’s 26 soccer academies.Mr Scanlo
The NFL comes to Dublin: How it became the richest sports league in the world
The Pittsburgh Steelers will play the Minnesota Vikings at Croke Park this weekend in the first regular-season NFL game to take place on Irish shores.Dublin is now part of a growing roster of cities outside the United States hosting lucrative NFL games. Irishman Paul Holland has worked in the sports marketing industry for many years and has charted the financial rise of the NFL and how it dwarfs o
Why has the DAA board fallen out with chief executive Kenny Jacobs?
First up on the Inside Business podcast this week, the rift between the board of the DAA, the State-owned operator of Dublin and Cork airports, and its CEO Kenny Jacobs. The Irish Times reported yesterday that a deal has been agreed between the two sides that will see Jacobs leave his role early with a €1m exit package. Joe Brennan and Martin Wall of The Irish Times have been covering the story an
What can we potentially look forward to in Budget 2026?
With the budget just under a month away, what will ministers Paschal Donohoe and Jack Chambers deliver on October 7th?The one-off cost-of-living measures of recent budgets may be discontinued, but what will be in their place to help families feeling the pinch? Will there be tax cuts? And what can renters and those looking to buy a home expect?Cliff Taylor of The Irish Times joined host Ciarán Hanc
Why are some independent Irish breweries turning off their taps and closing?
First up on Inside Business this week is the plight of independent Irish breweries, who, like so many now, are finding the cost of doing business to be far too high.This is despite an explosion in the popularity of craft beers here in the last decade. What costs are forcing some operators out of business? How are they coping with competition from far larger, commercial breweries? And will these in
Why is the delivery of vital infrastructure so slow in Ireland?
The predictably slow delivery of infrastructure here has a raft of negative consequences, not least how it undermines our competitiveness in a very challenging global environment.So why are vital projects so slow to get over the line? How does Government prioritise one project over another? And what can be done to streamline the planning process?To get into the causes and some potential solutions
Why is Ireland not considered a truly rich country?
The Economist magazine recently published its annual country rich list. Ireland was nowhere to be found on the list in spite of the fact that we are constantly being told that Ireland is one of the world’s richest countries. Host Ciarán Hancock is joined in studio by Cliff Taylor of The Irish Times to talk about how rich we all are, or not as the case may be, and the measures that ruled Ireland ou
‘I don’t think the Department of Finance have any respect for the tourism industry’
This week Inside Business is looking at tourism. Data from the Central Statistics Office earlier this year suggested that the number of visitors to the country had fallen off a cliff. Not so said the industry, while acknowledging that the market was a bit soft compared with the past two years of trading.Joining host Ciarán Hancock in studio to discuss this is Paul Gallagher, chief executive of the
Influencers beware, Revenue is on the prowl
We start this week’s episode of Inside Business with a look at how influencers have been reminded recently by Revenue of their obligations to pay tax on their earnings. Siobhan Maguire is a contributor to The Irish Times and wrote an excellent piece this week on this hot topic. She joins host Ciarán Hancock on the line to go through the many ways influencers expose themselves to tax liability as o
Did the EU have its hands tied before striking a trade deal with the US?
This week host Ciarán Hancock is joined in studio by economist and Irish Times contributor John FitzGerald. He gives his reaction to the EU-US trade deal that will see a 15% tariff rate on European imports going into the US, a deal that he feels the EU had agreed to with ‘two hands tied behind its back’ on account of its continued reliance on the US when it comes to the war in Ukraine.Also, ahead
How will the updated National Development Plan shape Ireland in years to come?
This week the Government outlined spending of €200 billion on a National Development Plan stretching over the next decade. In parallel it also set out its stall for this year’s budget, signalling a spending and tax package of €9.5 billion. Joining host Ciarán Hancock in studio to dissect these spending plans and tax cuts against a backdrop of a potential trade war between the US and the EU were El
David McWilliams on how ‘big incentives’ to build could save Dublin city
Economist and writer David McWilliams was scathing about the level of dereliction in Dublin city in a recent article in the Irish Times. He suggested tax breaks and other measures to breathe new life back into the capital and to get more people living in the city centre. He joined host Ciarán Hancock to discuss his ideas and how we can learn from the mistakes of the not-too-distant past.Plus, it’s
The Juggle: the issues facing women with young children when balancing childcare and their careers
This week we’re looking at the Juggle that women with young children have to make in Ireland to find a work-life balance.It’s an age-old problem in Ireland with no solution yet in sight. Margaret Ward writes about Work issues each week for the Irish Times as well as running her own consultancy business Clear Eye and she’s written a series of articles on the Juggle in recent weeks.Aideen Finn
How the wealthy are buying up land to avoid inheritance tax
This week we are looking at the phenomenon of the D4 farmer. Not some wealthy entrepreneur herding cattle in Ballsbridge but wealthy individuals buying up farmland around the country as a wheeze to reduce the inheritance tax bills for their children.How does the tax break work? What impact will it have on land prices? And is anything being done to change it?Fiona Reddan of the Irish Times wrote a
IATA Director General Willie Walsh on airline profits, air fares and why the Dublin Airport passenger cap makes Ireland a laughing stock
This week host Ciarán Hancock is joined by Willie Walsh, the director general of IATA, the Geneva-based representative group for the airline industry.Willie will be known to you as the Irish man who was a high-profile chief executive of both Aer Lingus and British Airways.He then became head of IAG, which is the parent group to both of those airlines plus some Spanish carriers, including Iberia.He
Bobby Healy on why Manna drone delivery could be the ‘biggest technology company in the world for its space’
This week we’re flying high with the Irish drone delivery company Manna.Its founder and chief executive is Bobby Healy, who joined host Ciarán Hancock in studio to discuss what he believes is Manna’s massive growth potential.Set up in 2019, Manna only recently began generating revenues and is yet to turn a profit. It is currently flying nine drones in Dublin 15 and has made more than 170,000 deliv
Will rent reform make building apartments viable?
Conall Mac Coille, chief economist at Bank of Ireland, joins Cliff Taylor and Ciaran Hancock to talk about Irish economic and business news:RPZ reform: will changes to rules for landlords and tenants help bring investment to Ireland IFAC report: why Ireland's corporate tax receipts may be about to boom again. But will it last? Produced in association with EY. Hosted on Acast. See acast.com/privacy
How to manage your pension in these volatile times
Donald Trump’s second term in the White House has seen markets go through a period of extreme volatility, something that has worried many Irish pension holders. How should they react? Should they react at all? And what is the outlook for the rest of this year?Munro O’Dwyer is a partner at PwC Ireland and joins host Cliff Taylor in studio to discuss managing your pension in volatile times. In the s
Ford Chief Lisa Brankin on accelerating the switch to EVs
New electric vehicle sales here dipped last year by 24% when compared to 2023, further making a mockery of the government’s target of 1 million EVs on Irish roads by 2030.A reduction in the SEAI grant and gaps in charging infrastructure fed into consumer uncertainty when it comes to making the switch from petrol and diesel vehicles.But that trend looks to be reversing this year, something that Lis
‘We’re at a critically low level of housing stock’ for buyers and renters
This week brought more bad news for first time buyers and those renting.Figures from both the CSO and property website Daft.ie suggest that house prices and rents continue to soar across the country. The national monthly average rent between January and March surpassed €2,000 for the first time. And the chronic shortage of supply for those looking to buy put house price inflation at 7.5% in March.
‘I’ve entrepreneurial spirit in my veins’ – Apprentice star Jordan Dargan
This week’s episode of Inside Business starts with an interview with Irish entrepreneur Jordan Dargan.Fans of the popular BBC show The Apprentice, will have seen Jordan come within a whisker of reaching the final two who got to pitch to secure Lord Sugar’s £250,000 investment.There was some consolation for the 22-year-old Dubliner with Lord Sugar giving him his business card before he left th
Will DoorDash takeover of Deliveroo mean better pay and conditions for gig economy workers?
Earlier this week, US meal delivery group DoorDash agreed a deal to take over its British rival Deliveroo, which has a big presence in Ireland.The deal is valued at £2.9 billion and will pit the merged group in competition with other online delivery platforms such as Just Eat and Uber Eats.Callum Cant is an author and senior lecturer from the University of Essex and also worked for Deliveroo while
100 days of Trump: “It’s like The Karate Kid, tax on, tax off, tariffs on, tariffs off”
This week Inside Business looks at the impact of Donald Trump’s 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 stock
Patrick Guilbaud on bringing fine dining to Ireland, retirement plans, and not getting that third Michelin star
This week’s 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 1980’s when the country was in recession, and it wasn’t always plain sailing. A visit from the sheriff for unpaid debts led
“1 in 5 US households consume Kerrygold” – Ornua CEO Conor Galvin
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 al
Trump’s tariffs: “The rest of the world is now going to de-risk from the United States”
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
What is behind Ireland’s tourism slowdown?
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 T
What damage is Elon Musk doing to Tesla’s shares and sales?
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 protest
What do Donald Trump’s April tariffs mean for Ireland?
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 wha
‘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
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 playe
“The retailer is now facing dramatically increased costs”: Leo Crawford, former CEO of BWG Group
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 ye
Publican Noel Anderson on Grand Slam Bars, taking on Guinness and the rising price of a pint
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 c
“Landing Google really put us on the map”: Karl Brophy on the success and sale of Red Flag
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 exec
How does Ireland fix its dysfunctional rental sector?
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
Are we at the beginning of Donald Trump’s global trade war?
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 i
What is DeepSeek and why did it send global markets into meltdown?
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 Ci
Ireland’s childcare sector is struggling, but is a State-led model the answer?
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 Cham
Is Ireland’s planning system broken?
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, to
Could a glut of affordable EVs tempt Irish motorists to make the switch?
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
What’s in store for 2025?
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 l
A year of thoughts on Ireland’s housing crisis
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. Hos
Hospitality in Dublin: ‘stress and burnout are getting worse in the industry’
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
From Apple Tax to Swiftonomics: 2024 in review
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
Retailers in Dublin: “shoplifting is a huge concern”
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 U
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