Breakfast Business

Business Editor Joe Lynam takes a look at today's business papers and markets.

October is Cyber Security month – and this topic remains high on the agenda here in Ireland in the wake of the ransomware attack on the HSE last year. Newstalk’s Technology Correspondent, Jess Kelly has met with the National Cyber Security Centre and the Garda National Cyber Crime Bureau to hear how they fight attacks of this nature on a daily basis.

Wind energy provided 24% of Ireland’s electricity in September and 31% for the past 12 months. It’s welcome news given soaring wholesale gas prices. But renewable energy providers have been able to sell their electricity for huge prices because all electricity is linked to gas prices. So what do they think of a looming windfall tax? Noel Cunniffe, CEO of Wind Energy Ireland joined Joe this morning on the show

We take a look at today's business papers and markets.

Today the independent think tank, the ESRI publishes its analysis in the quarterly economic commentary. It highlights the slowdown expected next year and the risks of falling into recession. Joining Joe this morning was Conor O’Toole from the ESRI.

Few could claim that the ruling Tory party conference was a success. So just how economically or reputationally damaged is the UK economy after the budget (non budget) and a series of U turns? Mike Horan is with BNY Mellon Pershing in the UK spoke to Joe this morning on the show.

Business Editor Joe Lynam takes a look at today's business papers and websites.

It was the best of times in the worst of times when it comes to the hotel sector. After a very buoyant summer with the return of American tourists. As winter beckons, soaring energy prices fall off, and demand will doubtless have an impact on the sector. For more on this Joe spoke to Dan O’Connor is the Head of Ireland hotels at the real estate experts JLL.

The latest Central bank forecasts are out.  It says that modified domestic demand - which is a much better benchmark for the Irish economy than GDP due to our oversized multinational sector - will grow by 6.4% this year and a more modest 2.3% next year. Robert Kelly is the Acting Director of Statistics with the Central Bank of Ireland who spoke to Joe Lynam this morning.

Joe Lynam takes a look at today's business papers and markets.

In 2006, we were building 16 homes per 1000 people in Dublin. Today we are building only 4. It’s one of the more stark findings in a piece of research into residential land supply in Ireland and underlines why we have such a housing crisis at the moment whereby rental property is more expensive here than in Paris. The author of that report out today is John Ring, Director of Research at Savills Ireland who spoke to Breakfast Business this morning.

10 days, 4 denials and 1 major Bank of England intervention later, Britain’s finance minister - known as the Chancellor has cancelled his proposed scrapping of the top rate of income tax for those earning more than £150k.  It follows a very negative reaction on the markets including a pounding of the Pound all last week. One man who knows how international markets work is Professor David Blanchflower and joined Joe on the show this morning.

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

Paul Kavanagh from Patronas Partners takes a run through this morning's markets.

The sports, exercise, and well-being sector is one of the largest service industries in Ireland and globally. Ranging from small to large enterprises, many are run by sports-professionals. Maynooth University has announced the launch of a new degree in Business with Sports Science – Bachelor Science/Bachelor Business Administration, starting in 2023. Peter McNamara, Head of the School of Business at Maynooth University joined Joe on the show this morning.

The number of companies failing or winding up rose by 31% in the third quarter of this year compared to the previous quarter. A new report by the consultants PWC suggests that the economic damage could reach as much as €6 billion. Ken Tyrrell Head of Insolvency at PWC spoke to Joe this morning on the show.

Business Editor Joe Lynam takes a look at today's main business stories featured in the main business pages and websites.

Stephen Kelly set up a company to boost training for employers so that they could understand the needs of the estimated 600,000 in Ireland with disabilities. Now he trains some giant companies and the Irish government is one of his biggest clients. Stephen Kelly Founding and Managing Director of Ability Focus. and he’s been chosen as our inaugural BPTM. Newstalk's Business Person of the Month with thanks to Eversheds Sutherland - Ireland's largest and most established global law firm.

Earlier this month a deal was struck between the port of Amsterdam, the Port of Cork, and an Irish company EIH2 to export hydrogen from Cork – as part of the long-term battle to decarbonise our energy mix at a time of soaring fuel costs. But there’s still lots to do including the construction of brand new infrastructure in the southwest and even a wholesale change of mindsets. Catherine Sheridan from EIH2 spoke to Joe from Cork 

This Friday morning we take look at today's business papers and markets.