Business News

Strong growth in business activity – AIB PMI

4th August 2021

Irish service sector companies reported the strongest growth in business activity since August 2000 in July, according to the latest AIB PMI survey. New business expanded at the fastest rate since January 2016, while incomplete workloads rose the most in over two decades despite faster workforce growth. The latest survey data also signalled rising inflationary […]

Read More

Minister starts process of selling State stake in Bank of Ireland

4th August 2021

The Minister for Finance has started the process of selling the State’s shareholding in Bank of Ireland. According to a filing at the London Stock Exchange, the Government’s stake in the bank has fallen from 13.95% to just below 13%. Paschal Donohoe announced in June that he intended to start the process of selling the […]

Read More

Number on PUP at lowest level since pandemic began

4th August 2021

The number of people in receipt of the Pandemic Unemployment Payment is just under 163,400 this week – the lowest level since the pandemic began. The number receiving the payment dropped almost 29,000 on last week, as people returning to work closed their claim. This week, the Department of Social Protection issued weekly payments valued […]

Read More

Bank of Ireland reports strong recovery in H1

3rd August 2021

Bank of Ireland is reporting a strong recovery in its business performance with a €465 million underlying profit before tax, according to the bank’s interim results for the first half of the year. The bank reports a net credit impairment charge of €1 million at the end of June compared to €937 million in H1 […]

Read More

Manufacturing sector maintains rapid growth in July but cost pressure remain

3rd August 2021

The manufacturing sector continued to grow at a rapid pace in July, albeit at a slower rate than the previous two months. According to AIB’s latest monthly check on conditions in the manufacturing sector, new order growth hit another record high for the third month running. Output, while up, was partly constrained by ongoing supply […]

Read More

Used cars holding value and may even be appreciating – DoneDeal

3rd August 2021

Used cars in Ireland are now holding their value better than any time in the recent past, DoneDeal claims in its latest Car Price Index. The car website cites analysis undertaken by the TCD and NUIG Economist Dr Tom Gillespie which shows that limited supply and intense demand has meant that cars are currently holding […]

Read More

In-store spending on credit and debit cards jumps in June – Central Bank

30th July 2021

There was a fall in online spending as consumers returned to shops and spent more on their credit and debit cards in-store in June, according to statistics from the Central Bank. Spending on cards in-store increased by 10%, or €304 million, last month compared to May, while online spending fell by 5%, or €133 million. […]

Read More

Construction sector bounces back in second quarter – CSO

30th July 2021

The construction sector bounced back in the second three months of this year with the lifting of Covid-19 restrictions, according to the Central Statistics Office. The completion of houses and apartments is now running at a higher rate than the same period two years ago. The CSO’s New Dwelling Completions for the second quarter of […]

Read More

Over 1,000 complaints to FSO were pandemic related with business interruption insurance dominating

30th July 2021

The Financial Services Ombudsman said his office had to date received 1,051 complaints arising from the circumstances surrounding the Covid-19 pandemic. 180 of them related to business interruption insurance. Ger Deering said the Office of the FSO had dealt with 760 of the total, including 113 of the business interruption insurance complaints. The information was […]

Read More

Best first half for .ie domain registrations – report

29th July 2021

A total of 33,815 new .ie domains were registered in the first six months of 2021, according to the latest .IE Domain Profile Report. That was up 1.6% on the same period last year and marked the best first half-year period on record for new .ie domain registrations, the report from the company that manages […]

Read More