Breakfast Business

A look at today's business papers and websites with Business Editor Joe Lynam.

Only 9% of the 30,000 people employed in the security sector are women. But security is a lot more about brain power and threat assessment as well as crowd control than just turfing drunks out on the street and there’s a big drive to get more women into it. Sharon O’Neill the Events Manager with Integrity Security is one of the 9% in the security industry and Sharon joined Joe on the show this morning.

The government has introduced a new tax incentive to lure designers and developers in the digital gaming sector to Ireland. It’s called Section 481A and it allows companies to get 32% of their annual expenses back from taxpayers. The target is to generate income of €240m within a few years in the gaming space but there are major reasons why the take-up has been so slow and they include making company directors personally liable if something goes wrong. Speaking to Joe on this new incentive was Paul Mee a tax partner with Mazars.

Business Editor Joe Lynam takes a run-through of some of the business stories today.

Last week the engineering and technology company Expleo announced that it was setting up an innovation hub in Galway and would soon be bringing to one thousand - people employed on the island of Ireland. To tell us more about his business and why they are ramping up here, is Phil Codd, the Managing Director at Expleo Ireland.

Last month Ikea posted profits from its Dublin store of €216m for the year to the end of August 2022. Dublin is its number one store in the world for sales of cooking and eating accessories and was also the store that had sold the most Lodrät pint glasses In fact IKEA is making so much money in Ireland that they are opening up a new ‘plan and order’ store in Drogheda. Marsha Smith - Country Deputy Retail Manager UK & IRE spoke to joe about their expansion plans.

A run-through of some of the business stories today with Business Editor Joe Lynam.

Irish company Viatel has announced a fresh recruitment program in a bid to expand their operations here. CTO of Viatel Technology Group, Eilish O’Connor, joined Joe this morning to discuss

Over the past few months we have seen something of a tech winter as tens of thousands of jobs are shed worldwide by the giant companies. But are those redundancies only scratching the surface? Joe was joined by Donal O’Donoghue, President of Employment Recruitment Federation to discuss

Aidan Donnelly of Davy joined Joe to look at what's making the headlines.

In this new podcast, Life and Leadership, Bobby Kerr explores the lives of some of the most successful Irish business leaders and entrepreneurs of our time, including beauty guru Aimee Connolly and GAA star Bernard Brogan. Listen and follow the podcast now wherever you get your podcasts.

Earlier this week, the EU forecast Irish GDP to grow by 4.9% this year. However many economists disagreed with this. Joe was joined by former Chief economist with Ulster Bank, Simon Barry to debate the best measure of economic growth.

Joe Lynam takes us through the main business headlines.

Last week, Munster Technological University had to close its campus after it was subjected to a ransomware attack. Now the World Economic Forum in Switzerland is calling on all businesses to do more to tackle the issue. Joe was joined by Seán Doyle, who is the lead for cyber security at the World Economic Forum to discuss.

At the weekend the Sunday Business Post had a story about the Irish insurance industry blocking attempts to introduce a ‘right to be forgotten’ law so that long-recovered cancer survivors wouldn't have to declare anything when applying for life insurance or mortgage protection cover. The Irish cancer society says this is a major issue. Speaking to Joe this morning Denis Eustace covers life assurance with Progressive Financial Services.

As any medium-sized company will tell you, the mountain of documentation that it needs to publish every year to increase transparency but also meet new environmental and financial rules has become quite burdensome.  Now the EU hopes to create a one stop shop for businesses to share important information about the company’s products or services as well as their financial performance and green credentials. It’s called the European Single Access Point and one of the important MEPs in this issue on the ECON committee is Frances Fitzgerald MEP who joins spoke to Joe this morning.

A run-through of some of the business stories today with Joe Lynam.

Defined benefits Pensions are deemed the best to have because they base your annual workplace pension on a proportion of your salary when you retire. That’s why they are often known as Final salary schemes. They’re very expensive to fund and have been in deficit in many companies for years. Now the HR consultants Mercer estimate that there could be in surplus this year for listed Irish companies with DB pension schemes Peter Gray is from Mercer consultants and spoke to Joe this morning.

The biannual international business report from Grant Thornton is out. It paints a worrying picture of business confidence in Ireland in the latter half of 2022. But is it dated already in light of the positive start to this year. Speaking to Joe this morning was Andrew Webb the Chief Economist with Grant Thornton.

A look at today's business papers and markets with Joe Lynam.