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ICS Mortgages cuts rates for buy-to-let borrowers

ICS Mortgages cuts rates for buy-to-let borrowers

Non-bank lender says buy-to-let rates would be reduced by 0.15 per cent from August 1st

Mon Jul 08 2024 - 05:33
Government urged to introduce productivity supports for food and drink firms

Government urged to introduce productivity supports for food and drink firms

Food Drink Ireland (FDI) says rapid rise in costs is threatening viability of many firms in sector

Mon Jul 08 2024 - 05:31
Construction activity contracts but housing output remains on upward curve

Construction activity contracts but housing output remains on upward curve

BNP Paribas’s latest index for the construction sector here fell to 47.5 in June as work on commercial projects fell

Mon Jul 08 2024 - 00:00
What would a Eurosceptic government in the heart of the EU mean?

What would a Eurosceptic government in the heart of the EU mean?

Macron’s election gamble has engineered a dangerous moment for France and the European Union

Sun Jul 07 2024 - 19:18
European shares fall on French election uncertainty

European shares fall on French election uncertainty

The pan-European Stoxx 600 index ended 0.2 per cent lower, after notching a more than one-week high early in the day

Fri Jul 05 2024 - 17:59
Six ways Jack Chambers might spend Ireland’s corporate tax windfall in Budget 2025

Six ways Jack Chambers might spend Ireland’s corporate tax windfall in Budget 2025

About half the State’s annual corporate tax take – €12 billion – is now classified as windfall

Thu Jul 04 2024 - 15:06
Glenveagh on track to meet targets despite dip in earnings

Glenveagh on track to meet targets despite dip in earnings

Home builder says it has completed 800 units of its 2,700 full-year target for 2024

Thu Jul 04 2024 - 07:51
Buoyant tax returns likely to fuel political demands for giveaway budget

Buoyant tax returns likely to fuel political demands for giveaway budget

Pressure likely to mount on Chambers and Donohoe to be generous as corporation tax receipts up 15 per cent on last year

Thu Jul 04 2024 - 06:00
Chambers warns Ministers as spending pressures build ahead of budget

Chambers warns Ministers as spending pressures build ahead of budget

Minister for Finance says Ministers will have to prioritise in new post-Covid, post-inflationary crisis period

Wed Jul 03 2024 - 20:43
Exchequer returns cap transformative week for new finance minister Jack Chambers

Exchequer returns cap transformative week for new finance minister Jack Chambers

Government is expecting a surplus of €8.6 billion this year

Wed Jul 03 2024 - 19:45
Surging corporation tax boosts State finances ahead of pre-election budget

Surging corporation tax boosts State finances ahead of pre-election budget

Increased revenues likely to ratchet up pressure on newly installed Minister for Finance Jack Chambers in run up to final pre-election budget

Wed Jul 03 2024 - 16:30
Jobless numbers rise to 4.2% but Ireland remains close to full employment

Jobless numbers rise to 4.2% but Ireland remains close to full employment

Despite marginal increase in official figures, unemployment rate stays anchored near historical low of 4%

Wed Jul 03 2024 - 11:49
Dublin is second most expensive city in Europe to build apartments

Dublin is second most expensive city in Europe to build apartments

Survey of construction costs suggests the Irish capital was eclipsed in cost terms only by Zurich in Switzerland

Wed Jul 03 2024 - 06:00
Irish economy could be headed for another technical recession

Irish economy could be headed for another technical recession

Bank of Ireland cuts its growth projections citing ‘measurement distortions related to the multinational sector’ while warning headline GDP could contract this year

Wed Jul 03 2024 - 06:00
Ryanair’s monthly passenger total exceeds 19m for first time

Ryanair’s monthly passenger total exceeds 19m for first time

Carrier said it carried a total of 19.3 million passengers in June, an increase of 11 per cent on the same month last year

Tue Jul 02 2024 - 08:37
How the rise and fall of Blackberry serves as a warning to Ireland

How the rise and fall of Blackberry serves as a warning to Ireland

It used to be the coolest gadget around, the preserve of high-flying execs, accounting for a fifth of all smartphone sales, now it’s a mere footnote in tech history

Sun Jun 23 2024 - 12:28
Irish consumers paying 42% more for goods and services than EU counterparts

Irish consumers paying 42% more for goods and services than EU counterparts

Eurostat’s latest price comparison survey ranks Ireland as second most expensive country in the EU, behind Denmark

Thu Jun 20 2024 - 12:46
Irish house prices now 10% above their boom-time peak

Irish house prices now 10% above their boom-time peak

Latest official barometer indicates house prices rose an average rate of 7.9 per cent in the 12 months to April this year

Wed Jun 19 2024 - 11:36
€25.5bn flows into Irish property market in 2023 despite rise in borrowing costs

€25.5bn flows into Irish property market in 2023 despite rise in borrowing costs

Sherry FitzGerald research finds headline figure reflects ‘resilience of demand’ in residential market

Wed Jun 19 2024 - 11:16
Ireland needs 85,000 new homes a year to address ‘structural shortfall’ - Davy

Ireland needs 85,000 new homes a year to address ‘structural shortfall’ - Davy

Lower inflation, foreign direct investment and high-skilled job creation to drive rapid growth in economy and population by 2030

Wed Jun 19 2024 - 08:16
Building 50,000 homes a year will require €20bn in annual finance, department report finds

Building 50,000 homes a year will require €20bn in annual finance, department report finds

Department of Finance report says biggest stumbling block to future housing development was uncertainty around planning

Wed Jun 19 2024 - 05:00
Nearly 50,000 homes receive planning with restriction around bulk buying

Nearly 50,000 homes receive planning with restriction around bulk buying

Darragh O’Brien hails success of measures aimed at stopping funds or companies bulk-buying housing units

Tue Jun 18 2024 - 15:14
Central Bank tells Government directly to change budgetary stance

Central Bank tells Government directly to change budgetary stance

Financial regulator warns Coalition it would not be appropriate to continue with an expansionary fiscal stance over the period 2024-2026

Tue Jun 18 2024 - 06:00
Central Bank warns Government against pre-election budget giveaway

Central Bank warns Government against pre-election budget giveaway

Generous budget measures, over and above the Government’s 5 per cent spending rule, could trigger overheating dynamics, regulator says

Tue Jun 18 2024 - 00:01
European investors in better spirits after last week’s political uncertainty fuelled losses

European investors in better spirits after last week’s political uncertainty fuelled losses

France’s Cac 40 had lost more than 6% of its value last week as financial markets reacted to heightened political uncertainty

Mon Jun 17 2024 - 19:50
Value of Irish exports grows to €72bn in first four months as pharma sector rebounds

Value of Irish exports grows to €72bn in first four months as pharma sector rebounds

CSO figures show value of exports of medical and pharmaceutical products increased by €3.5 billion (66 per cent) to €8.8 billion in April alone

Mon Jun 17 2024 - 12:42
Despite the concentration risk, Ireland’s corporation tax windfall could grow to €30bn

Despite the concentration risk, Ireland’s corporation tax windfall could grow to €30bn

Business tax receipts have tended to exceed even the most optimistic projections and there are reasons to suspect receipts will go up again, even from this high point

Sun Jun 16 2024 - 13:04
Mortgage rules spark war of words between Central Bank and ESRI

Mortgage rules spark war of words between Central Bank and ESRI

ESRI claims regulator’s move to relax rules has fuelled house price growth and lifted loan-to-income ratios back to Celtic Tiger levels

Thu Jun 13 2024 - 14:07
Most Irish businesses ill-equipped for climate transition, survey finds

Most Irish businesses ill-equipped for climate transition, survey finds

Study by Irish energy group UrbanVolt highlights disconnect between business and the State’s low carbon economy plans

Thu Jun 13 2024 - 06:00
Irish mortgage rates fall marginally in April

Irish mortgage rates fall marginally in April

Interest rates attached to home loans are expected to fall over the coming months as ECB reduces headline rates

Wed Jun 12 2024 - 13:07
From crisis-era mandarin to State’s first directly-elected mayor, who is John Moran?

From crisis-era mandarin to State’s first directly-elected mayor, who is John Moran?

The former lawyer, banker and at one time the State’s most recognisable civil servant has been elected the country’s first directly-elected mayor in Limerick

Tue Jun 11 2024 - 19:06
Global economy headed for ‘soft landing’ after four years of crises, World Bank says

Global economy headed for ‘soft landing’ after four years of crises, World Bank says

Washington-based institution cautions that better outlook comes with several high-profile risks including possibility of another commodity price shock.

Tue Jun 11 2024 - 14:30
Less than 3% Irish SMEs export goods, new figures show

Less than 3% Irish SMEs export goods, new figures show

Only small fraction of Irish-based firms export goods abroad despite the State’s reputation as a small, export-led economy

Tue Jun 11 2024 - 06:00
Number on Live Register falls again as unemployment remains at historic low

Number on Live Register falls again as unemployment remains at historic low

The 35-44 age cohort make up the largest number of those on list

Mon Jun 10 2024 - 11:43
Less than 12% of new buildings inspected in some counties

Less than 12% of new buildings inspected in some counties

New head of Society of Chartered Surveyors Ireland highlights lack of enforcement of building regulations

Mon Jun 10 2024 - 06:00
Northern Ireland’s economy gets shot in the arm from resumption of powersharing

Northern Ireland’s economy gets shot in the arm from resumption of powersharing

Ulster Bank’s latest purchasing managers’ index (PMI) points to pick-up in output, new orders and employment

Mon Jun 10 2024 - 05:30
Construction activity steady but housing still on upward curve

Construction activity steady but housing still on upward curve

Latest BNP Paribas Real Estate Ireland barometer indicates housing and commercial projects continued to increase in May

Mon Jun 10 2024 - 05:00
Ireland’s housing market is a byproduct of three mega-trends

Ireland’s housing market is a byproduct of three mega-trends

Ireland has had a unique experience with housing – centring on a spectacular build-up and blow-up in the 2000s – but it is also a microcosm of a global housing problem

Sun Jun 09 2024 - 13:30
Irish unemployment remains anchored near historic low of 4%

Irish unemployment remains anchored near historic low of 4%

Economists consider a jobless rate of 4% or less in the Irish labour market as tantamount to full employment

Fri Jun 07 2024 - 11:40
C&C plunges after chief executive quits amid accounting errors

C&C plunges after chief executive quits amid accounting errors

Patrick McMahon quits after company takes underlying charge of €5m on previous years’ accounts

Fri Jun 07 2024 - 08:16
ECB’s pivot on rates comes with uncertain outlook

ECB’s pivot on rates comes with uncertain outlook

European Central Bank cuts rates but several data sets point in wrong direction and make further cuts far from predictable

Thu Jun 06 2024 - 16:37
Exchequer returns: Strong tax revenues boost Government’s position ahead of budget

Exchequer returns: Strong tax revenues boost Government’s position ahead of budget

Latest exchequer returns show corporate tax receipts rose by 30 per cent in May, allaying fears that 2024 would see a downturn

Thu Jun 06 2024 - 16:34
ECB cuts interest rates by 0.25 percentage points after two years of hikes

ECB cuts interest rates by 0.25 percentage points after two years of hikes

European Central Bank makes first move lower interest rates after hiking them 10 times since 2022

Thu Jun 06 2024 - 13:16
Irish economy returns to growth in first quarter as IT sector expands

Irish economy returns to growth in first quarter as IT sector expands

CSO figures indicate the economy grew by 0.9 per cent in the first three months of the year

Thu Jun 06 2024 - 11:42
Nearly half of Irish adults believe their 60s will be most expensive decade in retirement

Nearly half of Irish adults believe their 60s will be most expensive decade in retirement

Views expressed changed depending on how close the respondents were to retirement, survey by life insurance company Royal London Ireland finds

Thu Jun 06 2024 - 00:01
Service sector continues to expand but cost pressures remain elevated - survey

Service sector continues to expand but cost pressures remain elevated - survey

Wages and fuel again cited as the main sources of higher costs by respondents, AIB survey finds

Thu Jun 06 2024 - 00:00
Institute of Education seeks to expand campus with plan to redevelop adjoining buildings

Institute of Education seeks to expand campus with plan to redevelop adjoining buildings

Plans include refurbishment of properties at 19 and 20 Leeson Street Lower to provide enhanced facilities

Wed Jun 05 2024 - 14:05
Why the signs indicate the Government could be planning a November election

Why the signs indicate the Government could be planning a November election

Budget 2025 creates a natural window for an election, according to many in the Coalition

Sun Jun 02 2024 - 13:06
Central Bank’s decision to ease mortgage rules has fanned house prices, ESRI report concludes

Central Bank’s decision to ease mortgage rules has fanned house prices, ESRI report concludes

In highly critical review, ESRI describes regulator’s move to ease its borrowing rules for first-time buyers as ‘premature’

Fri May 31 2024 - 16:13
Peter Burke: ‘What’s good for the worker doesn’t have to be bad for the employer’

Peter Burke: ‘What’s good for the worker doesn’t have to be bad for the employer’

The recently appointed Minister for Enterprise knows he has only a short window in which to leave his mark on the portfolio ahead of an election

Fri May 31 2024 - 05:00
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