Opening Bell: An Post business to half by 2019, Lucinda Creighton's new Brexit job, opposition get Project Eagle say

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An Post will have lost roughly 50% of its main business by 2019 as email replaces traditional mail, according to its chairman Dermot Divily.

Divily also revealed that the national postal service had lost 34% of its main business since 2008.

Speaking after announcing TV3 head David McRedmond as the company's new chief executive, Divily said:

"It is declining at about 5% a year, so that will be a 50% slide in the next three years.

"Technology is having a major impact, that is the way it is going to be, so the challenge for us is to manage that downturn."


Opposition parties have until today to give their views on an inquiry into NAMA's Project Eagle.

Taoiseach Enda Kenny has asked them to come back to him with suggestions as to how a Commission of Investigation into the sale of the loanbook would work.

Labour leader Brendan Howlin says an inquiry has to take place:

"We certainly need to investigate the northern project of NAMA. Project Eagle is something that has caused grave disquiet. The Spotlight programme in particular, I think, shocked people.

"Because whatever about the talk about it, when you see someone getting a bung of money, it is shocking."


Former Minister of State for European Affairs, Lucinda Creighton, is set to lead the Brexit unit of Brussels-based consulting group Fipra, the Irish Times reports.

The unit – which consists of a team of eight people, including four full-time staff – will advise Fipra's clients on issues related to the UK's exit from the European Union.

Creighton will divide her time between the new role and the work she does for her Dublin-based Vulcan Consulting firm, which she established after losing her Dáil seat in this year's general election.

Fipra was set up in 2000 to provide advice on EU political and regulatory affairs, and now has a presence in every EU and European Economic Area member state, including a Dublin office.

The EU is more dependent on the UK for its jobs than vice versa, according to a new report.

Think tank Civitas says 5.8 million positions in the bloc are linked to trade with the country.

By comparison, 3.6 million jobs in the UK are tied to the European Union.

The report presents evidence that the EU has more to lose economically after Brexit if it imposes trade barriers, with all but five EU member states having more jobs linked to the UK.

Ireland is one of those five, along with Denmark, Finland, Luxembourg and Malta.