Breakfast Business

Starting tomorrow, Irish and EU exporters to the UK must pre-notify British customs, often requiring veterinary clearance. This change follows three years after the UK's exit from the single market and five years post-EU departure. Exporters face added burdens, including increased costs due to Red Sea attacks disrupting Suez Canal traffic. Simon McKeever, CEO of the Irish Exporters Association, joins Joe to discuss these developments.

Newstalk's Business Editor Joe Lynam takes look at today's business stories and websites.

Joe Lynam is joined by Neil Sorahan, CFO with Ryanair, to go through another profit loss for Europe’s biggest airline.

A fortnight ago, a report found that Brexit had cost London and Britain badly. In fact the British capital is £30bn or 7.5% smaller than it otherwise would be in a parallel universe in which Britain had not quit the EU. But the Lord Mayor of the City of London where most of the major banks are based says it continues to thrive despite the erection of trade barriers with the Single market. Michael Mainelli is the Lord Mayor of the City of London, where the main big banks are. He’s over in Dublin this week meeting the Taoiseach and business leaders and spoke to Joe on the show.

Ireland is one of the main hubs for aircraft leasing. Thanks to the hard work of Tony Ryan and GPA in the 1980s. After a very rough 2022 for the sector, when Moscow seized so many planes legally owned here in Ireland, is the aviation industry bouncing back? And if it is, how will it deal from the fallout of Boeing 737 Max nines and panels falling out mid flight ? Jim Morrison the Chief Risk Officer with Avolon aviation discuss this with Joe this morning.

We take a look at Friday's business markets and news with Austin Hughes.

Although it’s more than 3 years since Britain formally left the Single market, UK customs - known as HMRC - still don't check the goods coming into the country to ensure safety and compliance.  That starts to change at the end of this month and Irish exporters need to know what to do because there’s a lot more red tape for them coming down the tracks Peter Burke is the Minister of State for European Affairs spoke to Joe to discuss.

She may be one of the most important central bankers in the world but she’s not that popular with thousands of staffers within the European Central Bank.  A poll of them found the majority felt that Christine Lagarde wasn't doing a great job.  But as inflation comes tumbling down after reaching double digits in the eurozone just over a year ago, is she really failing when it comes to monetary policy. Speaking to Joe was Lars Christense from the University of Copenhagen.

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

Irish banks tighten credit standards as demand for business loans increase.  Irish firms are continuing to look for loans, bucking a trend seen in the wider eurozone.  Jonathan discusses this with Alan McQuaid, Economist. 

Ireland's professional jobs market is showing signs of stabilising following an overall total decline of 18% in openings through 2023. Speaking to Jonathan this morning was Tracy Keevans, Global FDI Director, Morgan McKinley Ireland. 

A look at today's business stories and websites with Jonathan Healy.

Many of us dream of a day when we can travel a lot and do a bit of work wherever we and our laptops find ourselves.  My next guest calls himself and his company Nomad Capitalist.  He says his job is to help others slash their tax bill and live wherever they want.  His name is Andrew Henderson and now he’s moving to Ireland so less and spoke to Jonathan this morning.

Even a cursory glance at the papers at the weekend would have shown you that many small companies especially in the hospitality sector are either struggling financially or simply going to the wall.  SMEs really are also struggling with additional costs of employment including higher minimum wages and holiday or sickness pay.  But some simply don't have the money to repay the Revenue all their warehoused debt from the pandemic. To discuss this and the liquidation process Jonathan was joined on the show by Declan de Lacy. Restructuring partner with PKF O'Connor Leddy & Holmes. 

A look at today's business stories on the show with Jonathan Healy.

Last year was a bumper year for Irish cinemas. ‘Barbenheimer’ was the phenomenon of the summer that drove thousands of people to the silver screen. But the long-term trend for cinema-going in Ireland is not great. The arrival of Netflix and prime video poses an existential threat. Joining Joe this morning was Mark Anderson the General Manager of the Omniplex chain of cinemas.

This morning's main international business stories and websites with Joe Lynam and Russ Mould from AJ bell.

If you have a pet at home - and millions of us do, then you’ll know how and where to buy pet food and treats and toys etc.  One Irish company which started up in Ballincollig, County Cork 18 years ago, now has 30 stores in 15 counties.  Maxi Zoo, which is part of the German Fressnapf group, and plans to open a further 4 stores here - suggesting that there's a huge market for pampering our pooches. Patrick O'Driscoll, Finance Director of Maxi Zoo spoke to Joe about this company.

Investment in property will increase this year according to CBRE but it was 60% below the long term average last year amid soaring interest rates and a very weak commercial property market. Interestingly the top three investment transactions in 2023 had buyers who were private capital/family offices. Industrial & logistics was the most invested sector in Ireland according to CBRE’s latest report.With more on this Joe spoke to Colin Richardson is the Director & Head of Research with CBRE Ireland.

A look at today's business stories, websites and markets with Aidan Donnelly from Davys.