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KBC recoups cash, groundbreaking projects and how to upskill yourself


KBC recoups cash, groundbreaking projects and how to upskill yourself
Business Today: the best news, analysis and comment from The Irish Times business desk
about 4 hours ago
Belgian financial services giant
KBC Group is poised to release about €1 billion of expensive capital tied up in its Irish operation as it sells its loans and deposits to exit the market, according to an analysis by a European brokerage. Joe Brennan has the details.
An Post is to bring forward its target of achieving net-zero emissions to 2030, and is on track to halve its emissions by 2025 from a 2009 baseline, according to its latest sustainability report. Kevin O’Sullivan reports. ....

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No higher taxes, Hostelworld's investor and Deka buys another building


New forecasts suggest the Government should not come under pressure to
raise taxes significantly or cut back on spending in the next couple of years, writes Cliff Taylor. He reports that the latest Department of Finance estimates point to the State’s budget being close to balance by the middle of this decade.
Read Cliff’s analysis of the latest numbers
A US investor who has built up an almost 13 per cent stake in
Hostelworld has said he is not planning to bid for the online hostel booking company. Joe Brennan has the story, noting that the investor crossed notifiable shareholding thresholds in Hostelworld in January and March, unknown to the Irish market. ....

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Davy's review; a new forestry venture; the loneliness of chief executives


The board of stockbroking firm
Davy is expected to examine whether other cases of wrongdoing occurred at the brokerage, as it starts a review of Central Bank findings that it had breached market rules on conflicts of interest. Joe Brennan reports that Davy has also promised it will take “appropriate action” at the end of the review.
Along with Jack Horgan-Jones, Joe also reports that the review will be led by
Davy’s four non-executive directors, while the Oireachtas finance committee is separately to ask Davy for an explanation of the events that led to it being hit with the €4.1 million fine. ....

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