Emer Walsh

Cork

Business Journalist at Irish Examiner

taller than you | business journo @ Irish Examiner | [email protected]

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Articles

IAG posts profit surge despite €55m loss at Aer Lingus

6 days ago | irishexaminer.com | Emer Walsh

Aer Lingus and British Airways owner IAG has posted a better-than-expected profit for the first three months of this year, helped by increased demand despite economic uncertainty, the company said on Friday. That was despite losses across Aer Lingus and Vueling, which were offset by strong performances in British Airways and Iberia.
Level of office building over house building 'not sustainable', says developer

6 days ago | irishexaminer.com | Ronan Smyth |Emer Walsh

The high level of office building versus the low level of residential building in cities such as Dublin and Cork is “simply not sustainable”, the chief executive of Cairn Homes has said, adding that apartment construction will need to increase significantly if housing targets are to be reached. Michael Stanley was speaking following Cairn Homes' annual general meeting (AGM) in Dublin on Thursday.
Plans for Cork office block to be converted to IPAS accommodation

6 days ago | irishexaminer.com | Emer Walsh

Plans have been submitted to change an office block on Cork's Monahan Road into residential accommodation for International Protection Applicants. An application has been made to An Bord Pleanála for The Cube building, an office block located near Cork's docklands, to be used for potential temporary housing for refugees and asylum seekers.
Irish inflation rises to 2.2% in April

6 days ago | irishexaminer.com | Emer Walsh

Irish inflation rose again in April, increasing to 2.2% compared to the same month last year. New figures released by the Central Statistics Office (CSO) on Thursday show the latest inflation figures are up from 2% in March, marking its second consecutive rise. Excluding energy and unprocessed food, Irish inflation grew by 2.6% in the 12 months to April 2025.
State's shareholding in AIB falls to 3.3% following latest share buyback

6 days ago | irishexaminer.com | Emer Walsh

AIB has agreed a €1.2bn directed share buyback with finance minister Paschal Donohoe. Under the terms of the buyback, an off-market purchase of 191,671,857 ordinary shares in the bank will be made at a price of €6.2607 per share. After the completion of the deal, the State will own about 3.3% of AIB shares. The buyback between AIB and the Minister for Finance was approved by the bank's shareholders at its AGM last week.
Woodie's 'strong' start to 2025 sees revenue at owner Grafton Group rise by 7.6%

6 days ago | irishexaminer.com | Emer Walsh

Woodie's owner Grafton Group saw its revenue grow to ¬£773m (‚ā¨909.5m) in the first four months of the year, reflecting a 7.6% rise on the same period of 2024. In a trading update on Thursday, the group said it was up 9% in constant currency, which discounts fluctuations from foreign currency prices. The company said it remained ‚Äúcognisant of the potential risks arising from the imposition of US tariffs on the broader Irish economy and future investment decisions‚ÄĚ.
Homebuilder Cairn welcomes 'positive' trading environment with growing sales pipeline

6 days ago | irishexaminer.com | Emer Walsh

Irish developer Cairn Homes has welcomed a "very positive" trading environment, with 2025 so far seeing continued scaling in the homebuilder's operating platform and increased investment in the number of active sites across Ireland. Reiterating its guidance for this year, Cairn Homes said its closed and forward sales pipeline now stands at around 3,250 new homes with a net sales value of approximately €1.25bn.
Mother's Day and Cheltenham underpin spending surge in March

1 week ago | irishexaminer.com | Emer Walsh

The value of total card payments rose by almost 14% in March, underpinned by a surge in spending on groceries, agriculture, entertainment and charity. New figures released by the Central Bank on Wednesday show the total value of card payments in March rose to €9.24bn, up from €8.11bn in the previous month. This was largely driven by a surge in domestic spending, which rose by more than 14% in the month. In volume terms, there were 235.8m card payments in March, up by almost 15% on a monthly basis.
Bank of Ireland launches gambling blockers following surge in betting activity among young people

1 week ago | irishexaminer.com | Emer Walsh

Spending on gambling has risen significantly amongst young people, with popular sporting events in the first three months of this year underpinning the rise in betting activity. New figures released by Bank of Ireland show card spending on gambling rose by 19% amongst 18 to 25-year-olds between January and March this year, despite total spending falling marginally by 2%.
Plans lodged for 950-bed student accommodation at former Good Shepherd Convent

1 week ago | irishexaminer.com | Emer Walsh

Plans for a major 950-bed student accommodation development at the long-derelict Good Shepherd Convent in Cork City have been officially submitted to the council. Developers Bellmount Good Shepherd Ltd plans to build 274 apartments across eight blocks on the site of the former Magdalene Laundry. The development will comprise 957 bed spaces and include the partial demolition and redevelopment of the existing Good Shepherd Convent buildings.