Business News

Consumer sentiment slumps further as Brexit rumbles on

6th November 2019

Consumer sentiment fell for a fourth successive month for the first time since late 2012 as uncertainty over Brexit continued to weigh on confidence, a survey showed today.  While the economy here has remained the fastest growing in the EU throughout three years of Brexit talks, consumer confidence took a hit in recent months as […]

Read More

Brexit already having ‘rising negative effect on a third of all businesses’

5th November 2019

More than a third of firms across the island of Ireland say Brexit is already having an adverse impact. This is according to the latest all-Island business monitor from InterTrade Ireland. With continued uncertainty around what the UK’s exit from the European Union will look like, 28pc of cross-Border traders have implemented steps to lessen […]

Read More

Campaigners call for further reform of insurance market

5th November 2019

Campaign groups have described the introduction of new rules to improve transparency on motor insurance pricing as a welcome step. Campaign groups have described the introduction of new rules to improve transparency on motor insurance pricing as a welcome step. But they say further moves and greater transparency are needed to reassure consumers and bring down premiums. The Alliance for Insurance […]

Read More

New rules agreed for distressed mortgage holders

5th November 2019

An agreement on how to resolve disputes between lenders and distressed mortgage holders has been reached between two leading agencies. MABS, the State-backed Money Advice and Budgeting Service and the Banking and Payments Federation have announced the agreement, saying it will help consumers who are struggling with mortgage debt. The agreement extends to so-called vulture […]

Read More

Manufacturing conditions improve after four month slump

4th November 2019

Manufacturers reported an improvement in business conditions during October, following four months of steady decline. The latest AIB Manufacturing Purchasing Managers’ Index has recorded growth in new orders and output, with employment also improving in the month. It marks the first improvement since May, with the headline PMI rising three points on September’s reading to […]

Read More

New rules on motor insurance pricing come into force

4th November 2019

New rules to improve transparency on motor insurance pricing are coming into force. From today, the Central Bank rules will force insurance companies to provide more detail to customers when they are being sent motor insurance renewals. When a consumer receives their motor insurance renewal, their insurance company is obliged to inform them what the […]

Read More

New parents to get two weeks extra paid leave

4th November 2019

New working parents will be able to take two extra weeks of paid leave from today. The leave will be available to parents of children born or adopted from today, the 1st of November and must be taken in the first year following the birth or placement of a child. The Department of Employment Affairs and […]

Read More

Plans to auto-enrol workers in pension schemes announced

31st October 2019

The Government is to introduce a system of pension auto-enrolment on a phased basis from 2022. The details have been published by the Department of Employment Affairs and Social Protection. Under the system, a worker will be automatically enrolled in a pension scheme when they start a job. It will apply to all employees aged between 23 […]

Read More

Pound set for biggest monthly rise in a decade as no-deal Brexit fears fade

31st October 2019

The pound rose today and could score its biggest monthly rise in more than a decade as the combination of a weak dollar and the falling risks of Britain leaving the European Union without a deal has fueled demand.  The immediate catalyst for the pound’s gains was a cautious US Federal Reserve who kept the […]

Read More

Euro zone Q3 growth unexpectedly steady, inflation slows on cheaper energy

31st October 2019

Euro zone economic growth in the third quarter defied market expectations of a slowdown and was steady quarter-on-quarter, preliminary data showed today. The euro zone’s headline inflation also slowed because of a sharp fall in energy prices.  The European Union’s statistics office Eurostat estimated gross domestic product in the euro zone grew 0.2% in the […]

Read More