Business News

Comment: Economic data and sentiment are becoming detached

5th October 2018

SMEs are the engine of the Irish economy. They make a major contribution to economic development and employment. Their performance is very closely linked with overall economic health, including to consumer sentiment – because people’s confidence in their own finances and purchasing ability influence the performance of SMEs. Businesses’ confidence is equally important; the more […]

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US Reit gets go-ahead for €400m Dublin data centre

5th October 2018

A MAJOR stock market-listed US real estate investment trust, CyrusOne, has been granted planning permission for a massive €400m data centre in Dublin. It will be the Dallas-based company’s first data centre project in Ireland and will significantly boost its global data centre footprint. Nasdaq-listed CyrusOne, with a $6.6bn (€7.5bn) market capitalisation, currently has more […]

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Everything, including CAP, will be hit if there is a hard Brexit

3rd October 2018

Everything will be hit, including CAP, if there is a hard Brexit, RTE Europe Editor Tony Connelly told a recent Brexit conference. “The EU budget would be impacted and CAP would come under attack,” Mr Connelly said, adding though, that he was of the view that the Commission didn’t want a radically cut CAP budget […]

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Thousands left without welfare payments after system crash causes delay

3rd October 2018

A European payments system crash left thousands of people without vital payments. People who receive social-welfare payments, such as child benefit and farm assist, found there were no funds in their accounts yesterday morning. An industry-wide issue affected European payments across a number of banks. People whose payments were due to be paid into accounts […]

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Take charge: Slash banking fees by moving your current account to another bank

10th April 2018

In the first half of 2016, just 3,600 of us, or 0.06pc, switched our current account to another bank. This is a far cry from the first half of 2014, when over 26,000 customers switched, although this was mainly due to the exit of Danske Bank and ACC Bank from the current account market. “The […]

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Driver (48) ‘gobsmacked and devastated’ at €19k insurance quote

10th April 2018

A motorist was shocked when his annual motor insurance renewal quote rocketed to an incredible €19,000. Meath publican Brian Kelly (48) rang Liberty Insurance to point out what he thought was an administrative error. However, the company told him the policy price of €19,368.26 for his 2007 1.6-litre Toyota Avensis was correct. The increase was […]

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National Treasury Management Agency raises €4bn from bond investors

10th April 2018

The National Treasury Management Agency has raised €4bn from bond investors this afternoon after encountering heavy demand for its latest syndicated bond issuance. It is understood the notes will deliver a yield of over 1.3pc, although the deal has yet to be priced. A spokesperson for the NTMA declined to comment on the yield but […]

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PTSB adds fuel to mortgage war by slashing fixed rates for new business

9th April 2018

Permanent TSB has reduced its rates on a number of its fixed rate mortgage products for new business. The changes, will apply to three-year and five-year fixed home loans, will come into effect on Monday, April 9. Eight products in total will see the rate reductions, which range from 0.10pc up to 0.15pc. Experts are […]

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Household spending will soar to record €100bn as economy surges and wages rise – Ibec

9th April 2018

HOUSEHOLD spending is set to top €100bn this year for the first time as a resurgent economy fattens workers’ wallets, business group Ibec has predicted. And we’re splashing out more on restaurants and entertainment as wages rise and more people join the workforce. Ibec, headed by chief executive Danny McCoy, has predicted household spending will […]

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Ireland’s economic growth could be at risk from emerging threats to competitiveness – Ibec

9th April 2018

Ireland’s surging economic growth could be at risk from emerging threats to the country’s competitiveness, business lobby group Ibec has warned. In its latest quarterly economic outlook published this morning, Ibec has predicted that the Irish economy will grow by a robust 5.6pc in 2018, with the number of people in jobs expected to reach […]

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