McEvaddy company’s debt, Medtronic plots expansion and how to use a financial planner

The Ulick and Des McEvaddy-controlled company that holds land at Dublin Airport that the businessmen are selling owes almost €40 million to its biggest creditor, new figures show. Barry O’Halloran reports.

Medical device giant Medtronic has been talking to officials in IDA Ireland about further expanding its footprint in Ireland. As Dominic Coyle reports, it comes as the business agreed a €5 million five-year partnership with the University of Galway to support innovation in the sector in a move that is seen as reinforcing the city’s standing as Ireland’s medtech hub.

In Money Matters, Brianna Parkins goes through the basics of having a financial planner.

Businessman Declan Ganley has said he does not expect his company Rivada Networks to be “revenue positive” for the next couple of years as it works towards the launch of a planned space satellite telecoms constellation. Ian Curran reports.

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HealthBeacon, the embattled Irish medtech, has attracted parties interested in making an investment in the company or buying it out as it races to raise cash in order to survive, according to sources. Joe Brennan has the story.

Irish airline Cityjet is joining forces with Spanish-based Air Nostrum to create a new regional aviation group, the pair confirmed on Tuesday. Barry has the report.

Barry also reports that Belfast International Airport is in in-line for a €115 million investment from its owner, Vinci.

The Government has not received any notification from LinkedIn about possible collective job cuts in the Republic, a day after the so-called professionals’ social network said it would trim its global headcount by 3 per cent. Ian Curran reports.

In his column, Martin Wolf looks at the strange death of corporate Britain.

A decade after setting up the business, Irish entrepreneur Chupi Sweetman has opened a flagship jewellery story on Clarendon Street, just off Grafton Street in Dublin. The move is part of her ambitious plan for development having secured €3.75 million funding to fuel growth of the Chupi brand. Deirdre McQuillen reports.

Close to 1,600 multinationals with operations in the Republic of Ireland, including 67 with “ultimate parent entities” here, will be liable to pay the new 15 per cent corporate tax rate from next year. Eoin Burke-Kennedy reports.

The operator of a Starbucks outlet at the Point Village Shopping Centre has been awarded €116,500 damages to compensate for sales lost due to another coffee chain opening next to it. Ellen O’Riordan was in court.

The former head of finance at a cutting-edge biotech firm claims she told its chief executive officer that she was “not a waitress” after he told her a group had no red wine at a company dinner last year, the Workplace Relations Commission has heard. Stephen Bourke was at the hearing.

Minister of State Dara Calleary will “absolutely take on board” a suggestion that the Government seek to host a central European Union office for the regulation of artificial intelligence, he told the Seanad on Tuesday. Laura Slattery watched the hearing.

Fuel supplier Certa has become the first Irish operator to open a HVO (hydrotreated vegetable oil) renewable diesel fuel station as it pursues a strategy of making the fossil-free biofuel more available to motorists. Eoin has the story.

In commercial property, Ronald Quinlan reports that JD Wetherspoon has put its pubs outside Dublin up for sale, while 17 Duke Street in Dublin, which houses the Duke Street Gallery, is on the market for €2 million.

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