High-Rise Dublin / Apple Tax Case: US Treasury takes on EU Commission
Congested, overcrowded and with soaring rents, Dublin needs development. But which kind? Ibec produced a report this week arguing for more high-rise buildings to accommodate the capital's swelling population. Fergal O'Brien, director of policy with Ibec joins Cliff Taylor and Ciarán Hancock to look at the steps needed to ensure our capital's future and also how much focus there should be on regional development.
In part two Cliff and Ciarán look at the major business stories of the week.
IOC President Pat Hickey's arrest in Rio is the latest twist in a tangled story. Business Affairs Correspondent Mark Paul and our editor Cliff Taylor explain what we know about the links between the companies, organisations and individuals invovled in the Olympic ticket scandal.
It's a huge summer for sports, and also a huge summer for sports sponsorship. Jamie Macken of sponsorship specialists Livewire joins Laura to talk about the trends in sponsorship: the industries buying up space, which sponsors are doing it right, and how sponsored media consumption patterns are changing.
Hubert Fitzpatrick of the Construction Industry Federation wants the Central Bank's mortgage rules to be relaxed, and he made a submission to the Bank's review of those rules to that effect. Today he's in studio with Ciarán and Cliff Taylor to talk about the rules, what he wants to see changed and how to help first-time buyers get on the ladder.
Irish Life Health established following health insurance acquisitions
Set to be a new force in the Irish market
Tuesday 2 August, 2016: Irish Life Health has been established as a new force in the Irish health insurance market. This follows the completion of Irish Life Group’s transactions to acquire Aviva Health and assume control of GloHealth, where Irish Life previously had a 49% shareholding.
This move is a positive development for competition in the Irish market, and gives customers a compelling alternative to the existing health insurance offerings.
By offering innovative, good value health insurance plans and exceptional customer service to Ireland’s two million health insurance customers, Irish Life Health aims to grow the existing 420,000 customers and 21% market share of the existing combined Aviva Health and GloHealth businesses.
Current customers will continue to enjoy all of the benefits of their health insurance cover and do not need to take any action. Over the next month or so, Aviva Health will begin rebranding to Irish Life Health. From later this year GloHealth customers will be invited to join Irish Life Health as their policies come up for renewal. All customers will be communicated with well in advance of any change.
Commenting on the establishment of Irish Life Health, David Harney, Chief Executive, Irish Life Group said: “Through the acquisition of these two very strong existing businesses, backed by the market knowledge and financial strength of Irish Life, we will create a significant new force in the Irish health insurance market. It is our intention that Irish Life Health will become the benchmark for health insurance in Ireland.”
Part One: First we have a roundup of all the week's top business news, with Laura Slattery and Cliff Taylor bringing us through the Central Bank forecast, delivered today with the caveat that, for forecasters, its never been tougher to see what's lying ahead. Media expert Laura also fills us in on struggles to find new revenue streams at the Guardian media group, while Barry O'Halloran has the latest on Ryanair's profits and plans for the years ahead.
Part Two: CEO of Britvic Ireland Kevin Donnelly talks to Ciarán about the company's various reversals of fortunes since buying C&C's soft drinks portfolio in 2007, navigating the challenges of Brexit and a future sugar tax, and sponsorship opportunities with the GAA.
Part One: News that Irish GDP grew by 26% in 2015 has been greeted with derision in some quarters, with economist Paul Krugman labelling it "Leprechaun Economics". Even Taoiseach Enda Kenny has said it is not true. So what is going on?
Part One: Business reporter with the BBC Joe Lynam is on the line to talk about worrying developments in the UK economy including further slides in the pound and suspension of trading in commercial property investment funds.
Part Two: The aforementioned slump in Sterling is the main post-Brexit problem for our own critical food industries, say Larry Murrin, CEO of Dawn Farm Foods and Aidan Cotter, CEO of Bord Bia, who both join Ciaran and agribusiness journalist Eoin Burke Kennedy to discuss the unprecedented challenges they now face which threaten jobs and businesses.
Brexit special: A roundtable discussion of the permutations for Irelands's economy following the shock result of last Thursday's referendum. What should Ireland do going forward? What, if any opportunities does it present for our economy?