DUBLIN: Bank of Ireland’s new chief executive Francesca McDonagh began her time in charge by sending staff a message and video. One of her first tasks appears to be a review of the bank’s multi-million euro investment in technology. Joe Brennan has the details.
Former DAA chief executive Kevin Toland is in line for a substantial pay rise in his new role in charge of food group Aryzta. The company’s annual report, published late on Monday evening, shows that he stands to earn more than €2 million a year, while his predecessor, Owen Killian, was paid at least €2.2 million on his departure in March. Barry O’Halloran has the numbers. Fledgling Irish housebuilder Glenveagh Properties has increased the amount it intends to raise via a stock market listing to €550 million. Joe Brennan reports on its prospectus.
Irish sandwich maker Greencore can’t catch a break in the US. Evidence of listeria at a plant in Rhode Island forced it to recall some products from US customers and fed a 7 per cent decline in its share price on Monday. Eoin Burke-Kennedy reports. In her weekly media and marketing column, Laura Slattery notes the return of the elimination shows on TV, a format that she feels has largely had its day.
