Breakfast Business

 9 advertisements across were found to be in breach of the Advertising Standards Authority Code on grounds related to a range of issues including Misleading, Substantiation, Recognisability, and Availability.   That’s according to the latest Complaints Bulletin from the ASAI’s independent Complaints Committee.   Joining Emmet this morning was Orla Twomey of the Advertising Standards Authority for Ireland. 

The new agri-food regulator - An Rialálaí Agraibhia, will formally be established later todayThe regulator is empowered to publish price and market analysis along the agricultural and food supply chains, which should result in greater transparency for farmers, producers, processors and consumers.    Joe Healy is Chairperson of An Rialálaí Agraibhia joined Emmet this morning on the show.

Emmet Oliver takes a look through the main business stories this morning.

If you're the type of person who will travel far and wide for your freshly baked bread and pastries, then Bread 41 on Pearse Street might be known to you.  It describes itself as the busiest bakery in the country and now it’s secured the prestigious B-Corp rating for ethical and environmental practices. Joining Emmet on the show this morning was Eoin Cluskey the co-founder of Bread 41.

Dublin-headquartered Invert Robotics has raised a further €2.5m in funding, bringing the total amount raised by the company to date to €25m.   Invert provides robotic solutions for non-destructive testing, and the company’s CEO Neil Fletcher joined Emmet this morning on the show.

A run-through of some of the business stories today with Emmet Oliver.

There were many accusations during the Dublin riots that the social media Giants might not have done enough to take down the spreading of hateful information.  Many of them appeared before TDs and Senators last week but X ignored the invitation.  That’s despite looming new legislation called the Digital Services Bill which will dramatically change the responsibility of the big online platforms such as Meta, TikTok, and X.   The Minister for Trade Promotion, Digital, and Company Regulation, Dara Calleary joined Joe this morning on the show.

Last month An Post said all its delivery vehicles would soon be electric and now the ESB which is part owner of the SIRO nationwide broadband rollout scheme said it would follow suit.  To do that it has partnered with the Irish EV broker Nevo to source all these electric cars. Speaking to Joe this morning was Derek Reilly from Nevo. 

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

KT or Knowledge Transfer is an important part of any modern economy and essential to one like Ireland’s which is so dependent on brain power and technology. Now Enterprise Ireland whose job it is to encourage indigenous Irish companies to expand abroad has set up a new €33m fund– paid for in part by the European regional development fund to pay for skilled graduates to work for Irish deep technology companies.  With more on this Joe was joined on the show by Marina Donohoe Head of Research & Innovation with Enterprise Ireland. 

If you've recently taken out a mortgage and need to get insurance for your monthly payments, you will have discovered that insurers don't like covering people who may have ever suffered from cancer and now be back to full health.Well, that discrimination is coming to an end this week with Insurers finally acknowledging the right to forget the illness after a few years.  Moyagh Murdock the chief executive of Insurance Ireland joined Joe to explain this change.

A look at today's business papers and markets with Aidan Donnelly from Davys.

 In the financial year ending in Aug, IKEA Ireland saw its sales jump 16% to €252m. Much of that surge came from the new click-and-collect service in smaller towns around the country which meant not everyone had to come to Ballymun.   Joining Joe in the studio this morning was Marsha Smith is the deputy chief executive of IKEA UK & Ireland.  

Planning was back in focus this week as the RTE investigates programme exposed the fact that some so-called environmental objectors simply wanted money to drop their objections to housing developments.  And in the background, the new Planning & Development Act has been published.  But will it make life easier for planners and will it speed up the notoriously slow planning process in this country? Joe spoke to Gavin Lawlor from the Irish Planning Institute.

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

Softbank is paying almost half a billion euros to take a 51% stake in Cubic Telecom.  It was a big day for the management and staff but also for the state-run Irish Strategic Investment Fund which had a stake in the business.  Shane Sorohan Chief Operation Officer for Cubic Telecom joined Joe this morning. 

Ireland formally submitted its bid to host the newest EU agency - the Anti-Money Laundering Authority.  Given our growing status as a European financial hub and the fact that we only have one other EU body based here, hopes are high that we might pip Frankfurt to get the agency. It comes as European banks are trying to streamline how they spot fraud in the system before the criminals nick our money  Speaking to Joe this morning was Sinead Ovenden, PWC partner for anti-money laundering. 

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

With the Christmas rush well under way, millions of online payments are being processed in December.  And hovering overhead are cybercriminals hoping to pounce with some new fraud including phoney payment methods.   Fraudulent transactions are estimated to be around €200bn between 2021 and 2025 Riten Gohil, Business Development Director with the digital signatures company Signicat joined Joe on the show this morning.

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