Dublin Airport gets anti-drone go ahead, UK debt warning and Ireland’s DNA database

Business Today: the best news, analysis and comment from The Irish Times business desk

Dublin Airport has been given the go-ahead to deploy anti-drone technology. Photograph: Barry Cronin for The Irish Times.
Dublin Airport has been given the go-ahead to deploy anti-drone technology. Photograph: Barry Cronin for The Irish Times.

Business Today

Business Today

Get the latest business news and commentary from our expert business team in your inbox every weekday morning

Dublin Airport operator DAA has been given clearance to use anti-drone technology and now has the legal right to jam their frequencies or even take them down. As John Burns reports, the approval comes after drone incursions disrupted flights for thousands of passengers in the spring.

The UK’s national debt continues to grow, and a new warning from a Conservative-linked thinktank warns there is no easy solution. Mark Paul reports from London.

WeWork remains on course to occupy most of the former Central Bank of Ireland building in Dublin, despite the troubled co-working firm seeking to renegotiate nearly all of its leases around the world and leave some buildings it currently occupies.

WeWork’s move come as the commercial property outlook here continues to darken, with the Dublin office market now well into a correction according to broker HWBC. Ian Curran has the story.

READ MORE

Mortgage holders will be able to move from credit servicing firms to mainstream banks to escape higher interest charges under a new framework that has been welcomed across the industry. Conor Pope has the story, while Cantillon assesses the plan.

Staying with banking, Joe reports on a Central Bank study which confirms lenders here were slow to pass on interest rate hikes to savers.

Cantillon also looks at the craze for effective acceleration, or e-acc for short, among Silicon Valley titans.

Sutton Golf Club in north Dublin has been ordered to pay its former barman over €10,000 after replacing him with two students during the Covid-19 pandemic. Stephen Bourke was at the hearing.

Canterbury and the IRFU have extended their deal to provide kit to the Irish rugby team by a further four years. Ciaran Hancock has the details.

Tom Cruise’s Top Gun: Maverick and Avatar: The Way of Water were among the box office hits that helped the Odeon cinema group to increase Irish revenues by 78 per cent to €25.9 million last year. Gordon Deegan has read the accounts.

In Net Results, Karlin Lillington highlights the uncertainty around Ireland’s private held DNA database, and what its future holds.

Ryanair executives have hinted the airline may adopt a policy of a “modest regular dividend” in coming years, supported by share buy-backs and special payouts when it is holding excess cash, according to analysts who attended a company investor day on Tuesday in Dublin. Joe has the story.

In Technology & Innovation, Chris Horn looks at how the shipping industry is trying to cut its carbon footprint, while Ciara O’Brien reviews Dyson’s take on a mop. Can it really be worth €900?

Stay up to date with all our business news: sign up to our Business Today daily email news digest. If you’d like to read more about the issues that affect your finances try signing up to On the Money, the weekly newsletter from our personal finance team, which will be issued every Friday to Irish Times subscribers.

News Digests

News Digests

Stay on top of the latest news with our daily newsletters each morning, lunchtime and evening