Business

A former British housing minister has said criminal prosecutions should be brought against Grenfell Tower cladding firms. Companies that are “still making vast profits without acknowledging their full responsibility” must also be punished financially, Michael Gove suggested. A public inquiry…

The shareholders of Distilled, which owns popular property site Daft.ie, are exploring options for their holdings including a possible sale that could value the business at as much as €600 million, four people with knowledge of the matter told Reuters.…

Volvo has abandoned its ambition to sell only fully electric cars by 2030. The Swedish company announced on Wednesday it is now aiming for 90-100 per cent of its global sales to be either pure electric or plug-in hybrid at…

Consumer sentiment dipped in August as the prospect of higher energy bills and back-to-school costs weighed, a survey showed on Thursday. The Credit Union Consumer Sentiment index reading was 72.0 in August, down from 74.9 in July. It is the…

The founder of JD Wetherspoon has dismissed calls to curb alcohol consumption at airports after calls for tighter controls were made by Ryanair boss Michael O’Leary. Tim Martin, commander in chief at the British pub giant, told the Telegraph there…

Polestar is replacing its current CEO Thomas Ingenlath with a former boss of Opel and EV startups, the latest senior management change at a challenging time for the loss-making electric vehicle (EV) maker and the automotive industry. Its new CEO,…

College Square, the landmark office scheme developed by Pat Crean’s Marlet Property Group in Dublin’s city centre, has been selected by Workday for its new European headquarters office, according to The Irish Times. After abandoning their plans of building its…

Google has unveiled its new range of flagship Pixel smartphones, which the company says have been built to house its most advanced artificial intelligence (AI) tech, as it looks to take on Apple and Samsung. The new range includes the…

The Irish Times Group has acquired the 50 per cent interest in Gloss Publications held by co-founders Jane and Sarah McDonnell. The Irish Times already held a 50 per cent share in the luxury publishing and events group since its…

More than 45,000 AIB customers made 597,000 transactions in France during July, according to AIB’s latest spend trend report. This is the most transactions on record within the space of a month for customers of the bank in France, including…