{"id":214879,"date":"2025-12-28T16:15:10","date_gmt":"2025-12-28T16:15:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/214879\/"},"modified":"2025-12-28T16:15:10","modified_gmt":"2025-12-28T16:15:10","slug":"2025-in-quotes-and-numbers-the-irish-times","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/214879\/","title":{"rendered":"2025 in quotes and numbers \u2013 The Irish Times"},"content":{"rendered":"<p>2025 in quotes<\/p>\n<p class=\"c-paragraph paywall \">\u201cMy remit was always to lend. During the difficult period, it was like shooting fish in a barrel because not everybody was lending at the time and there was a really great opportunity. There were still really good businesses that needed to borrow.\u201d<\/p>\n<p class=\"c-paragraph paywall \"><a href=\"https:\/\/www.irishtimes.com\/tags\/avant-money\/\" target=\"_blank\" rel=\"noreferrer nofollow noopener\" title=\"https:\/\/www.irishtimes.com\/tags\/avant-money\/\">Avant Money<\/a> chief executive <a href=\"https:\/\/www.irishtimes.com\/tags\/niall-corbett\/\" target=\"_blank\" rel=\"nofollow noopener\" title=\"https:\/\/www.irishtimes.com\/tags\/niall-corbett\/\">Niall Corbett<\/a> as he pressed ahead with plans to turn the nonbank lender into a full Irish bank branch of its Spanish parent Bankinter.<\/p>\n<p class=\"c-paragraph paywall \">\u201cFashion made statements then. Now, it is just dictated by a couple of brands mostly in Italy and France and we follow on their coat tails, so it is an uneven field \u2013 to get recognised you either have to be 18 or a millionaire. Being a boring middle-class father of seven is not the most exciting prospect, which I am happy with, but maybe pride drives me on.\u201d<\/p>\n<p class=\"c-paragraph paywall \">The late Irish fashion designer <a href=\"https:\/\/www.irishtimes.com\/tags\/paul-costelloe\/\" target=\"_blank\" rel=\"noreferrer nofollow noopener\" title=\"https:\/\/www.irishtimes.com\/tags\/paul-costelloe\/\">Paul Costelloe<\/a>, in an interview with The Irish Times in January, recalls Katherine Hamnett\u2019s famous anti-nuclear T-shirt worn to 10 Downing Street to meet Margaret Thatcher.<\/p>\n<p class=\"c-paragraph paywall \">\u201cWe worked out that there could be between five and seven different agencies involved in a <a href=\"https:\/\/www.irishtimes.com\/tags\/data-centres\/\" target=\"_blank\" rel=\"noreferrer nofollow noopener\" title=\"https:\/\/www.irishtimes.com\/tags\/data-centres\/\">data centr<\/a>e. You get over one hurdle, you have to deal with another. You get over this hurdle, you have to go to the EPA [Environmental Protection Agency]. You go to EPA, you can\u2019t get a gas connection. That makes it difficult when you have other advanced jurisdictions, including the Netherlands, which has a department of digital infrastructure, or the UK, who are going to treat data as critical infrastructure.\u201d<\/p>\n<p class=\"c-paragraph paywall \">In February, Garry Connolly of industry lobby group Digital Infrastructure Ireland said negativity here around data centres has resulted in multinationals bypassing the State for investment.<\/p>\n<p class=\"c-paragraph paywall \">\u201cWhen you\u2019re young you\u2019ve nothing to lose. Ignorance is a great thing.\u201d<\/p>\n<p class=\"c-paragraph paywall \">Padraic Rhatigan, who opened the Radisson Red hotel on the outskirts of Galway as one part of a major residential and commercial development, reflected in February on taking over the family business while still in his teens.<\/p>\n<p class=\"c-paragraph paywall \">\u201cThanks, guys.\u201d<\/p>\n<p class=\"c-paragraph paywall \">Tesla chief executive Elon Musk to shareholders after they voted to approve his $1 trillion (\u20ac856 billion) compensation plan in November, awarding the world\u2019s richest person what would be the largest corporate payout in history if he meets the goals necessary to receive it.<\/p>\n<p><img decoding=\"async\" data-chromatic=\"ignore\" alt=\"John Collison, cofounder of Stripe\" class=\"c-image\" loading=\"lazy\" src=\"https:\/\/www.newsbeep.com\/ie\/wp-content\/uploads\/2025\/12\/CM27IHT3UBBWBKJCMZYS7K75GA.jpg\"   width=\"800\" height=\"533\"\/>John Collison, cofounder of Stripe <\/p>\n<p class=\"c-paragraph paywall \">\u201cTwo hundred and twenty eight homes were blocked in Killarney because they would interrupt the commute of a roost of horseshoe bats. Who signed up for this?\u201d<\/p>\n<p class=\"c-paragraph paywall \">In October, Stripe cofounder John Collison <a href=\"https:\/\/www.irishtimes.com\/life-style\/people\/2025\/10\/25\/john-collison-of-stripe-ireland-is-going-backwards-heres-how-to-get-it-moving\/\" target=\"_blank\" rel=\"noreferrer nofollow noopener\" title=\"https:\/\/www.irishtimes.com\/life-style\/people\/2025\/10\/25\/john-collison-of-stripe-ireland-is-going-backwards-heres-how-to-get-it-moving\/\">looked at how the State<\/a> can get out of the government-by-agency corner into which it has painted itself.<\/p>\n<p class=\"c-paragraph paywall \">\u201cWithin 15 to 25 years, I think it will be mandated that there will be autonomous vehicles. People will not be allowed to drive anything. Public transport systems in the future will become much more efficient. Buses will know what and where the demand is and will organise themselves accordingly.\u201d <\/p>\n<p class=\"c-paragraph paywall \">Also in October, businessman Dermot Desmond called on the Government to scrap the long-awaited MetroLink project and instead plan for wide-scale autonomously-driven bus services.<\/p>\n<p class=\"c-paragraph paywall \">\u201cLooking back, juggling these jobs and being a single parent with teenage kids, I genuinely don\u2019t know how I did it. But I wanted to do it \u2013 to be a role model to my girls. Equally, having left school with only a few O-levels, I wanted to add something else to my CV.\u201d<\/p>\n<p class=\"c-paragraph paywall \">BMW Ireland boss Helen Westby in February on working her way through various roles in BMW, looking after her daughters, and completing an MBA.<\/p>\n<p><img decoding=\"async\" data-chromatic=\"ignore\" alt=\"Samantha Humphreys, MSD Ireland. Photograph: Nick Bradshaw\" class=\"c-image\" loading=\"lazy\" src=\"https:\/\/www.newsbeep.com\/ie\/wp-content\/uploads\/2025\/12\/RQXYZ3RM6JFJNNPWHT6PMNQJL4.JPG\"   width=\"800\" height=\"533\"\/>Samantha Humphreys, MSD Ireland. Photograph: Nick Bradshaw <\/p>\n<p class=\"c-paragraph paywall \">\u201cIt\u2019s almost becoming a sort of a two-tier [health service] where you hear clinicians and oncologists certainly talking about it, that they can prescribe a certain medicine to these patients, but the other patients can\u2019t have it.\u201d<\/p>\n<p class=\"c-paragraph paywall \">In <a href=\"https:\/\/www.irishtimes.com\/business\/2025\/02\/07\/rising-to-the-challenge-of-selling-vaccines-in-trumpworld\/\" target=\"_blank\" rel=\"noreferrer nofollow noopener\" title=\"https:\/\/www.irishtimes.com\/business\/2025\/02\/07\/rising-to-the-challenge-of-selling-vaccines-in-trumpworld\/\">an interview with The Irish Times<\/a>, Samantha Humphreys, who leads pharma group MSD\u2019s Irish business, spoke on how private health insurers have taken to approving payment for certain drugs that have been approved by the European Medicines Agency but are still working their way through the Irish system.<\/p>\n<p class=\"c-paragraph paywall \">\u201cThey\u2019re going to hire some pudding whose particular talent will be not upsetting Fingal County Council or the morons in the Department of Transport.\u201d<\/p>\n<p class=\"c-paragraph paywall \">Ryanair chief executive Michael O\u2019Leary last month expressed faux confidence in airport operator DAA\u2019s recruitment processes after a rift emerged between the board of the State company and its chief executive Kenny Jacobs. At the time of O\u2019Leary\u2019s quote, the two sides had agreed a settlement that would have seen Jacobs leave the business. <\/p>\n<p><img decoding=\"async\" data-chromatic=\"ignore\" alt=\"Ryanair boss Michael O'Leary. Photograph: Jason Alden\/Bloomberg\" class=\"c-image\" loading=\"lazy\" src=\"https:\/\/www.newsbeep.com\/ie\/wp-content\/uploads\/2025\/12\/K7PYMFZD4F37S2HG6JPWONGO7Q.jpg\"   width=\"800\" height=\"533\"\/>Ryanair boss Michael O&#8217;Leary. Photograph: Jason Alden\/Bloomberg <\/p>\n<p class=\"c-paragraph paywall \">\u201cI guess a potential Fed chair is here too. I don\u2019t know. Are we allowed to say that? Potential? He\u2019s a respected person \u2013 that I can tell you. Thank you, Kevin.\u201d<\/p>\n<p class=\"c-paragraph paywall \">US president Donald Trump keeps nobody guessing as to who he intends to appoint chairman of the Federal Reserve early next year as he introduces top White House economic official Kevin Hassett at an event.<\/p>\n<p class=\"c-paragraph paywall \">\u201cIt would be wrong not to confront the fact that we absolutely need gas for this transition. The overseas investors on which our economy depends will move in two or three years without reassurance that energy supplies here are secure.\u201d<\/p>\n<p class=\"c-paragraph paywall \">Bord G\u00e1is Energy chief executive Dave Kirwan last month made the argument that gas remains vital to the State, arguing that it will play a central role in aiding us to end fossil-fuel dependence.<\/p>\n<p class=\"c-paragraph paywall \">\u201cWe all know it\u2019s only going one way, the demographics are going to double for over-65s in the next 10 years, over-85s as well. So, there\u2019s a huge demand presently not to think about the future.\u201d<\/p>\n<p class=\"c-paragraph b-it-article-body__interstitial-link\">[\u00a0<a aria-label=\"Open related story\" class=\"c-link\" href=\"https:\/\/www.irishtimes.com\/business\/2025\/11\/28\/can-we-afford-not-to-look-at-nuclear-when-you-consider-the-next-generation-of-technology\/\" rel=\"noreferrer nofollow noopener\" target=\"_blank\">Bord G\u00e1is Energy\u2019s Dave Kirwan on Irish energy prices and the case for nuclear powerOpens in new window<\/a>\u00a0]<\/p>\n<p class=\"c-paragraph paywall \">In April, Shane Jennings, the former rugby player and now chief executive of Dovida, Ireland\u2019s largest homecare group, gave his take on the State\u2019s preparations for dealing with an ageing population.<\/p>\n<p class=\"c-paragraph paywall \">\u201cHe was a nice fellah. He would go to the local pub for a pint in the evening and play some pool with the lads. I got to play a game with him in Fitzgerald\u2019s of Avoca. He was good.\u201d<\/p>\n<p class=\"c-paragraph paywall \">In October, Tesco Ireland boss Geoff Byrne recounted losing a game of pool to actor Colin Farrell while he was shooting the Ballykissangel drama series in Co Wicklow.<\/p>\n<p class=\"c-paragraph paywall \">\u201cI had lunch with 14 European CEOs [at Davos] and the pessimism, you could cut it with a knife. It was so palpable \u2013 and it just was so obvious to me that the pessimism was overdone. But the pessimism was loud enough that I think finally the Europeans were waking up and saying, \u2018we got to change\u2019.\u201d<\/p>\n<p class=\"c-paragraph paywall \">In April, Larry Fink, chief executive of BlackRock, the world\u2019s largest asset manager, said European leaders should lighten up about the outlook for the continent despite a decade and a half of low growth and a perception that business is being over-regulated.<\/p>\n<p class=\"c-paragraph b-it-article-body__interstitial-link\">[\u00a0<a aria-label=\"Open related story\" class=\"c-link\" href=\"https:\/\/www.irishtimes.com\/business\/2025\/04\/11\/king-of-wall-street-says-european-leaders-starting-to-focus-on-a-growth-agenda-not-a-control-agenda\/\" rel=\"noreferrer nofollow noopener\" target=\"_blank\">King of Wall Street says European leaders \u2018starting to focus on a growth agenda, not a control agenda\u2019Opens in new window<\/a>\u00a0]<\/p>\n<p class=\"c-paragraph paywall \">\u201cIt was hugely special. It couldn\u2019t get any more special than under the lights in Croke Park. It was the first round of the league against the Dubs. To beat them and get front page of many newspapers &#8230; it couldn\u2019t have started any better. It was downhill after that. We didn\u2019t do a whole lot of winning.\u201d<\/p>\n<p class=\"c-paragraph paywall \">Ciaran Marron of Monaghan-based Activ8 Solar Energies <a href=\"https:\/\/www.irishtimes.com\/business\/2025\/05\/09\/nobody-was-looking-at-the-potential-of-solar-the-monaghan-man-who-built-irelands-biggest-solar-company\/\" target=\"_blank\" rel=\"noreferrer nofollow noopener\" title=\"https:\/\/www.irishtimes.com\/business\/2025\/05\/09\/nobody-was-looking-at-the-potential-of-solar-the-monaghan-man-who-built-irelands-biggest-solar-company\/\">spoke in May about the rough and tumble of business<\/a> after the Monaghan senior football team walked out on to the pitch at Croke Park to play All Ireland champions Dublin wearing jerseys emblazoned with the Activ8 logo.<\/p>\n<p class=\"c-paragraph paywall \">\u201cIt\u2019s the most popular Bill ever signed in the history of the country. What we\u2019ve done is put everything into one Bill. We\u2019ve never had anything like that before.\u201d<\/p>\n<p class=\"c-paragraph paywall \">US president Donald Trump in July speaking to the media as his \u201cbig, beautiful Bill\u201d, a sweeping spending package, is signed into law during a picnic at the White House.<\/p>\n<p><img decoding=\"async\" data-chromatic=\"ignore\" alt=\"Cathal Friel, Raglan Capital. Photograph: Alan Betson\" class=\"c-image\" loading=\"lazy\" src=\"https:\/\/www.newsbeep.com\/ie\/wp-content\/uploads\/2025\/12\/W7HFNXPVG5G75KOUQV5FM7UP44.JPG\"   width=\"800\" height=\"533\"\/>Cathal Friel, Raglan Capital. Photograph: Alan Betson <\/p>\n<p class=\"c-paragraph paywall \">\u201cI was in the wrong place at the wrong time in the family. The older kids were at university and the younger ones were behind me in school. I spent years dealing with the bank trying to pay down debt and get rid of things.\u201d<\/p>\n<p class=\"c-paragraph paywall \">In the summer, serial dealmaker Cathal Friel, the seventh of 10 children, spoke about having to leave school at 16 to run indebted businesses when his father became ill. It left him with a lifelong aversion to debt and property investment.<\/p>\n<p class=\"c-paragraph paywall \">\u201cThe importance and benefit of international co-operation has been a key theme of my public life. I will soon be taking up the role of managing director and chief knowledge officer of the World Bank Group, based in Washington DC. I am therefore departing from public life in Ireland.\u201d<\/p>\n<p class=\"c-paragraph paywall \">Then minister for finance Paschal Donohoe resigned his D\u00e1il seat and left ministerial office to take up a role at the World Bank.<\/p>\n<p class=\"c-paragraph paywall \">\u201cThey stopped pretending. The mask is off. You\u2019re getting fired if you speak out. Back in the day, [tech employees] used to be even asking questions [of their employer] in the comments on company chat boards.\u201d<\/p>\n<p class=\"c-paragraph paywall \">In June, William Fitzgerald, the Waterford-born founder of The Worker Agency, spoke about the slavishness of tech barons to the Trump administration despite Silicon Valley\u2019s previous outwardly liberal gloss.<\/p>\n<p class=\"c-paragraph paywall \">\u201cI grew up on checkouts from a young age and it\u2019s in my DNA. I grew up in that environment and it teaches you so much about efficiencies, waste and getting value for the customer. I was on the checkout from nine or 10 years of age right up to leaving university.\u201d<\/p>\n<p class=\"c-paragraph paywall \">In September, Robert Ryan, the chief executive of Lidl\u2019s Irish business, explained how he got a taste from retail from an early age while working in the family shop.<\/p>\n<p>2025 in numbers\u20ac789,000<\/p>\n<p class=\"c-paragraph paywall \">The median price paid for a home in Dublin 6 in the third quarter, making it the most expensive Eircode in the State, according to property firm Geowox. The district, which includes Rathmines, Ranelagh and Rathgar, recorded the highest median sales price in the State, up 23 per cent year-on-year.<\/p>\n<p>5 per cent<\/p>\n<p class=\"c-paragraph paywall \">The State\u2019s jobless rate in July, hitting that mark for the first time since January 2022, according to revised figures from the Central Statistics Office.<\/p>\n<p>\u20ac1.4 billion<\/p>\n<p class=\"c-paragraph paywall \">The amount paid by Scandinavian property companies Pandox and Eiendomsspar as they agreed to buy Ireland\u2019s largest hotel group Dalata.<\/p>\n<p class=\"c-paragraph paywall \">Dalata, which operates 56 hotels under the four-star Maldron and Clayton brands, mainly in Ireland and Britain, had rejected an initial bid from Pandox and Eiendomsspar in early June that had valued the hotel operator at \u20ac1.3 billion.<\/p>\n<p><img decoding=\"async\" data-chromatic=\"ignore\" alt=\"Kenny Jacobs of DAA and Minister for Transport Darragh O&#x2019;Brien. Photograph: Alan Betson\" class=\"c-image\" loading=\"lazy\" src=\"https:\/\/www.newsbeep.com\/ie\/wp-content\/uploads\/2025\/12\/XQMVMO3M5ZFPTP5RY4C53U33IY.JPG\"   width=\"800\" height=\"546\"\/>Kenny Jacobs of DAA and Minister for Transport Darragh O\u2019Brien. Photograph: Alan Betson \u20ac960,000<\/p>\n<p class=\"c-paragraph paywall \">The proposed severance deal for airport operator DAA chief executive Kenny Jacobs that was taken off the table after Minister for Transport Darragh O\u2019Brien blocked the payment, raising yet more questions about the months-long standoff at the top of the airports group.<\/p>\n<p class=\"c-paragraph b-it-article-body__interstitial-link\">[\u00a0<a aria-label=\"Open related story\" class=\"c-link\" href=\"https:\/\/www.irishtimes.com\/business\/2025\/12\/10\/severance-deal-of-near-1m-for-daa-chief-executive-kenny-jacobs-off-the-table\/\" rel=\"noreferrer nofollow noopener\" target=\"_blank\">Severance deal of near \u20ac1m for DAA chief executive Kenny Jacobs off the tableOpens in new window<\/a>\u00a0]<\/p>\n<p class=\"c-paragraph paywall \">O\u2019Brien in November refused to approve the \u20ac960,000 payment to Mr Jacobs, which was agreed in September after mediation between the chief executive and the DAA board in talks chaired by industrial relations troubleshooter Kieran Mulvey.<\/p>\n<p>15 per cent<\/p>\n<p class=\"c-paragraph paywall \">The cap on any future tariffs on pharmaceutical and semiconductor imports imposed by the United States on the European Union. <\/p>\n<p class=\"c-paragraph paywall \">The deal struck by European Commission president Ursula von der Leyen with Trump saw European countries head off the US president\u2019s threats of cripplingly high import taxes on products sold across the Atlantic.<\/p>\n<p><img decoding=\"async\" data-chromatic=\"ignore\" alt=\"Ursula von der Leyen and Donald Trump. Photograph: Brendan Smialowski\/AFP\/Getty \" class=\"c-image\" loading=\"lazy\" src=\"https:\/\/www.newsbeep.com\/ie\/wp-content\/uploads\/2025\/12\/YLLYAH5YY27G5P4MLJ6SANOTMI.jpg\"   width=\"800\" height=\"533\"\/>Ursula von der Leyen and Donald Trump. Photograph: Brendan Smialowski\/AFP\/Getty  Nine<\/p>\n<p class=\"c-paragraph paywall \">The number of weeks a bitter High Court civil trial involving three shareholders of tech conference giant Web Summit had been scheduled to last before it was struck out.<\/p>\n<p class=\"c-paragraph paywall \">The case was resolved after talks between the parties concluded with founder Paddy Cosgrave saying he was \u201cdelighted\u201d two of his former friends would leave the company.<\/p>\n<p class=\"c-paragraph paywall \">Majority shareholder Cosgrave was suing David Kelly, who owned 12 per cent of the business, for alleged breaches of his fiduciary duties as a director of the company.<\/p>\n<p class=\"c-paragraph paywall \">Mr Cosgrave was, in turn, being sued by Kelly and another shareholder, Daire Hickey, who holds 7 per cent of the shares in Web Summit, for both alleged shareholder oppression and alleged breaches of a profit-sharing agreement.<\/p>\n<p>\u20ac217,087<\/p>\n<p class=\"c-paragraph paywall \">The salary advertised by the Government for its new housing tsar who will be charged with managing the crisis and increasing supply.<\/p>\n<p class=\"c-paragraph paywall \">The role was plunged into controversy when the expected appointee, Brendan McDonagh, the chief executive of the National Asset Management Agency, withdrew from consideration. That came after it emerged Fine Gael had not been consulted on the plan to hire McDonagh, who was expected to keep his existing \u20ac430,000 salary.<\/p>\n<p>\u20ac26 billion<\/p>\n<p class=\"c-paragraph paywall \">The \u201ccolossal\u201d bill the State could soon be facing for missing EU-agreed climate targets, equivalent to a full year of corporate tax receipts or the annual health budget.<\/p>\n<p class=\"c-paragraph paywall \">A report by the Irish Fiscal Advisory Council and Climate Change Advisory Council provided one of the starkest warnings yet of the potential costs involved in failing to adapt to the climate reality.<\/p>\n<p class=\"c-paragraph paywall \">It found that the Republic \u2013 on a per capita basis \u2013 had the highest emissions target gap of EU member states, meaning it was the least likely to meet its 2030 target of reducing emissions by 51 per cent on the basis of its current trajectory.<\/p>\n<p><img decoding=\"async\" data-chromatic=\"ignore\" alt=\"The Republic is the EU member state least likely to meet its 2030 emissions reduction target. Photograph: Alan Betson\" class=\"c-image\" loading=\"lazy\" src=\"https:\/\/www.newsbeep.com\/ie\/wp-content\/uploads\/2025\/12\/Z4EMTDG7XZBORBXHBGZR4OVJVU.JPG\"   width=\"800\" height=\"533\"\/>The Republic is the EU member state least likely to meet its 2030 emissions reduction target. Photograph: Alan Betson 30 per cent<\/p>\n<p class=\"c-paragraph paywall \">The drop in the State\u2019s corporate tax receipts in May compared to a year earlier as the exchequer collected \u20ac2.5 billion, which was \u20ac1.1 billion less that May 2024.<\/p>\n<p class=\"c-paragraph paywall \">Downplaying the decline, the Department of Finance attributed it to \u201conce-off factors\u201d which, it said, boosted receipts last year and distorted the year-on-year comparison. No panic though as \u20ac10 billion in corporation tax was received in November, a record for a single month. <\/p>\n<p>10 per cent<\/p>\n<p class=\"c-paragraph paywall \">The top percentile of richest households in the Republic holding almost half the wealth, according to Central Bank of Ireland data.<\/p>\n<p class=\"c-paragraph paywall \">The total net wealth of households here rose to a record \u20ac1.25 trillion in the first quarter of 2025, up \u20ac6.3 billion on the previous quarter. The figures showed that the wealthiest 10 per cent of households held \u20ac645 billion or 48.6 per cent of the total.<\/p>\n<p class=\"c-paragraph paywall \">This was five times the wealth held by the bottom 50 per cent of households, which stood at \u20ac117.8 billion or 8.9 per cent of the national total.<\/p>\n<p class=\"c-paragraph b-it-article-body__interstitial-link\">[\u00a0<a aria-label=\"Open related story\" class=\"c-link\" href=\"https:\/\/www.irishtimes.com\/business\/2025\/06\/11\/wealthiest-10-of-irish-households-have-net-wealth-in-excess-of-1m\/\" rel=\"noreferrer nofollow noopener\" target=\"_blank\">One in 10 Irish households have net wealth of more than \u20ac1mOpens in new window<\/a>\u00a0]<\/p>\n<p>\u20ac301 million<\/p>\n<p class=\"c-paragraph paywall \">The insurance industry\u2019s final bill for Storm \u00c9owyn, which struck Ireland in January, making it the most expensive insurance event in Irish history.<\/p>\n<p class=\"c-paragraph paywall \">The storm was one of the most damaging Ireland has ever faced, bringing gusts of 184km\/h, breaking a record that had stood since 1945. Some 815,000 properties on the island lost power, with 768,000 of these in the Republic.<\/p>\n<p class=\"c-paragraph paywall \">Many were without power for weeks, while hundreds of energy technicians were drafted in from abroad to help ESB Networks with repairs. A breakdown of the final toll from the event released to The Irish Times shows a total of 33,768 claims were lodged. <\/p>\n<p><img decoding=\"async\" data-chromatic=\"ignore\" alt=\"Storm &#xC9;owyn wreaked havoc in Ireland in January 2025. Photograph: Enda O'Dowd\" class=\"c-image\" loading=\"lazy\" src=\"https:\/\/www.newsbeep.com\/ie\/wp-content\/uploads\/2025\/12\/QQY6VSUP2BA5FIZMNCJKMF6LWY.JPG\"   width=\"800\" height=\"534\"\/>Storm \u00c9owyn wreaked havoc in Ireland in January 2025. Photograph: Enda O&#8217;Dowd \u20ac57,000<\/p>\n<p class=\"c-paragraph paywall \">The estimated worth of a payment halted by State-owned energy company Bord na M\u00f3na for its chief executive after officials said continuing the \u201cunsanctioned\u201d earnings risked undermining public pay policy.<\/p>\n<p class=\"c-paragraph paywall \">The payment, which covered benefit-in-kind taxes on Tom Donnellan\u2019s health insurance and company car, has been dropped from a new contract signed by the chief executive in April, the company confirmed.<\/p>\n<p>\u20ac1.58 billion<\/p>\n<p class=\"c-paragraph paywall \">The value of PTSB after it put itself up for sale. The 57 per cent State-owned bank surprised the stock market by the move, which sent its market value up 23.4 per cent in Dublin.<\/p>\n<p class=\"c-paragraph b-it-article-body__interstitial-link\">[\u00a0<a aria-label=\"Open related story\" class=\"c-link\" href=\"https:\/\/www.irishtimes.com\/business\/financial-services\/2025\/11\/01\/donohoe-must-use-ptsb-sale-to-find-owner-with-vision-not-just-a-red-pen\/\" rel=\"noreferrer nofollow noopener\" target=\"_blank\">Paschal Donohoe must use PTSB sale to find owner with vision \u2013 not just a red penOpens in new window<\/a>\u00a0]<\/p>\n<p class=\"c-paragraph paywall \">A deal would mark the return of all three domestic banks that survived the 2008 financial crisis to private ownership \u2013 and complete the recovery of the \u20ac29.4 billion in total that was injected into them.<\/p>\n<p class=\"c-paragraph paywall \">PTSB, by far the smallest of the three, has been dogged by low profit returns since the crash. This is largely due to its small scale \u2013 even after increasing its balance sheet by about 50 per cent between 2022 and 2023 after acquiring \u20ac6.8 billion of Ulster Bank loans.<\/p>\n","protected":false},"excerpt":{"rendered":"2025 in quotes \u201cMy remit was always to lend. During the difficult period, it was like shooting fish&hellip;\n","protected":false},"author":2,"featured_media":214880,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[72,10725,969,61,60,10726,23339,774,8580,106552],"class_list":{"0":"post-214879","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-business","9":"tag-daa","10":"tag-donald-trump","11":"tag-ie","12":"tag-ireland","13":"tag-michael-oleary","14":"tag-msd","15":"tag-paschal-donohoe","16":"tag-ptsb","17":"tag-review-2025"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/214879","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=214879"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/214879\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/214880"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=214879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=214879"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=214879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}