View this email in your browser Business Today Tuesday, 18 August, 2026 Editor's Note Good morning, reader A number of Press Up group restaurants and venues recorded six-figure losses in the year before London-based lender Cheyne Capital took over the group from co-founder Paddy McKillen jnr. Killian Woods has the details. In our Q&A, a reader wonders what inheritance tax thresholds would apply if a sibling left a substantial amount of money to one of the reader’s children. Dominic Coyle explains the various thresholds that currently apply. The Jason Arday media storm was partly of his own making. But he deserved better, writes Hugh Linehan in his media column. Continue Reading Ciarán Hancock   TOP BUSINESS STORIES Business Losses mounted at some of Paddy McKillen jnr’s Press Up venues ahead of takeover deal Business Exponent invests in Irish firm OFS in multimillion-euro deal Business Harvey Nichols Dundrum will not accept gift cards bought before liquidators’ appointment Business Global stocks falter amid Middle East conflict and looming economic data Business BWG’s profits fall due to rising costs and impairment charge Richard Cantillon Stripe hits the acquisition trail, but will it work? MORE BUSINESS STORIES Business Stripe agrees more than $7bn deal to buy AI firm OpenRouter Business Surge in demand for power forces EirGrid to switch on emergency power plant twice Business Maire Claire Reid: ‘I would never ask someone to do something I haven’t done myself’ Business Margaret Jeffares: I have brought charcuterie and salamis into Spain, and they have said, ‘This is better than ours’ Do you have questions about becoming an Irish Times subscriber, or about your subscription? You'll find handy guides in our FAQs, and you can manage many aspects of your subscription in the My Account section. Never miss a business story Subscribe now for just €1 for your first month SUBSCRIBE