Glen Dimplex cuts, no commercial property recovery before 2027 and making the most of AI in business

Manufacturing group Glen Dimplex is to seek 300 redundancies in the next two years. As Ellen O’Regan reports, the group said although “there will be job losses” the €50 million investment in reconfiguring its operations in Ireland and continental Europe would result in overall employment here increasing by 20 per cent to more than 1,000 staff by 2029.

More bad news looks in store for the commercial property market, with no recovery visible until 2027, according a new report from BNP Paribas Real Estate. Ian Curran has the details.

In the Interview, Patricia Scanlon, who is the Government’s ambassador on AI, outlines how to harness its power.

Tara Mines, which has been effectively shut since last summer, lost about €65 million last year, its parent company said, as management continues to negotiate with unions over job losses at the Co Meath mine. As I report, the mine’s parent company CEO Mikael Staffas pointedly warned on Thursday he could end up shutting the mine down permanently.

There was no “seismic surge” in retail spending in the Dublin economy in advance of Christmas, in part because custom from US tourists contracted sharply, the latest MasterCard SpendingPulse study said. Laura Slattery reports.

In his column, John FitzGerald outlines why customers would win in an all island electricity market.

This week Agenda assesses the state of the hotel industry today, and why investors are hovering of the sector.

More than one in four homeowners expect they will still be paying back their mortgage past the age when most people retire, according to a new survey. Dominic Coyle reports that more than one in four homeowners expect they will still be paying back their mortgage past the age when most people retire, according to a new survey. 70. The figure is highest among those who are currently over the age of 55.

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