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Wholesale electricity prices down 64% on this time last year

Wholesale electricity prices down 64% on this time last year

Electricity costs on wholesale markets are lower than any time during the past two years, CSO data indicates

Tue Aug 22 2023 - 13:32
Irish economy defies deteriorating outlook to register strong growth in June

Irish economy defies deteriorating outlook to register strong growth in June

ESRI’s latest nowcast indicated that modified domestic demand (MDD) grew by 3.5 per cent year-on-year in June

Tue Aug 22 2023 - 12:18
One of the largest solar farm projects for the midlands is refused planning permission

One of the largest solar farm projects for the midlands is refused planning permission

Westmeath County Council rejects application for solar energy development on 87-hectare site at Garlandstown

Mon Aug 21 2023 - 14:59
New electricity provider enters Irish market, claiming to offer cheapest rates

New electricity provider enters Irish market, claiming to offer cheapest rates

Yuno Energy says its new service could save Irish consumers more than €500 annually on their electricity bills

Mon Aug 21 2023 - 07:51
Statkraft buys Irish portfolio of wind assets from London-listed TRIG group

Statkraft buys Irish portfolio of wind assets from London-listed TRIG group

Norwegian energy group beefs up its asset base in Ireland acquiring portfolio of wind farms

Mon Aug 21 2023 - 07:23
The UK blew it on tax cuts, Norway invested it: what will Ireland do with its tax windfall?

The UK blew it on tax cuts, Norway invested it: what will Ireland do with its tax windfall?

What the UK and Norway did with their oil and gas wealth couldn’t have been more different. Both experiences provide valuable lessons for Ireland

Sun Aug 20 2023 - 11:28
Dublin house prices now falling at sharpest rate in almost three years

Dublin house prices now falling at sharpest rate in almost three years

Property prices continue to rise outside the capital but there was a significant fall-off in the number of transactions

Wed Aug 16 2023 - 11:22
Glanbia upgrades earnings forecasts as group managing director Siobhán Talbot to step down

Glanbia upgrades earnings forecasts as group managing director Siobhán Talbot to step down

Glanbia Performance Nutrition chief Hugh McGuire to take up role in January

Wed Aug 16 2023 - 08:30
Number of second-hand homes for sale falls to record low

Number of second-hand homes for sale falls to record low

Historically low housing stock levels hitting market, says Sherry FitzGerald

Tue Aug 15 2023 - 16:49
Irish exports hit near record €19.5bn in June on back of strong pharma trade

Irish exports hit near record €19.5bn in June on back of strong pharma trade

Exports of pharmaceutical products organic chemicals accounted (at €4.4 billion) accounted for around 60 per cent of total exports

Tue Aug 15 2023 - 12:03
Property sales being lost amid conveyancing delays, agents claim

Property sales being lost amid conveyancing delays, agents claim

Institute of Professional Auctioneers and Valuers says process is now taking on average four months to complete

Mon Aug 14 2023 - 14:24
Fertiliser prices in Ireland fall by 43% in tandem with reduced gas prices

Fertiliser prices in Ireland fall by 43% in tandem with reduced gas prices

Reduced input cost ease pressure on farmers and food prices

Mon Aug 14 2023 - 14:17
Avolon partners with cabin supplier Soisa to recycle discarded aircraft materials

Avolon partners with cabin supplier Soisa to recycle discarded aircraft materials

Waste materials, including over 800kg of leather, to be used to make traditional artisan products such as wallets, bags and aprons

Mon Aug 14 2023 - 05:00
Economic activity in Northern Ireland slows for first time in six months

Economic activity in Northern Ireland slows for first time in six months

Latest Ulster Bank barometer points to a decline in activity for the first time in six months

Mon Aug 14 2023 - 05:00
Recovery in construction stalls in July as inflation picks up again

Recovery in construction stalls in July as inflation picks up again

Latest BNP Paribas Real Estate Purchasing Managers’ Index (PMI) highlights first fall-off in new orders in six months

Mon Aug 14 2023 - 05:00
Eoin Burke-Kennedy: How the ESB protected UK customers from higher energy prices but not Irish ones

Eoin Burke-Kennedy: How the ESB protected UK customers from higher energy prices but not Irish ones

Despite wanting to limit price increases on consumers here, the former State monopoly was prevented from doing so by EU competition law

Sun Aug 13 2023 - 12:00
Irish inflation falls to 18-month low of 5.8% as cost of basic items drops

Irish inflation falls to 18-month low of 5.8% as cost of basic items drops

Core rate remains stubbornly high, maintaining pressure on households

Thu Aug 10 2023 - 11:37
Rent inflation ‘stabilises’ in Dublin, Daft report shows

Rent inflation ‘stabilises’ in Dublin, Daft report shows

Latest Daft report indicates the rate of increase in the capital moderated to just 0.3% in second quarter but was running at 4.3% elsewhere

Thu Aug 10 2023 - 05:00
Mounting pressure on Coalition to help mortgage holders as interest rates rise above 4%

Mounting pressure on Coalition to help mortgage holders as interest rates rise above 4%

Group of Independent TDs demand action ahead of budget to help hard-pressed homeowners

Thu Aug 10 2023 - 05:00
Irish mortgage rates hit decade high above 4%

Irish mortgage rates hit decade high above 4%

Data predate ECB’s July increase and recent rake hikes from lenders here so average is likely to increase further

Wed Aug 09 2023 - 12:37
Flutter’s big US gamble bears fruit as revenues soar

Flutter’s big US gamble bears fruit as revenues soar

Half-year group revenue jumps by 38% to £4.8 billion as company reports strong pick-up in US business

Wed Aug 09 2023 - 07:42
Ireland, the most expensive EU state, has bloc’s highest male life expectancy

Ireland, the most expensive EU state, has bloc’s highest male life expectancy

CSO report provides a snapshot of the State across a range of metrics and how it compares to other European countries

Tue Aug 08 2023 - 12:09
Inflation drives value of retail spending in Dublin

Inflation drives value of retail spending in Dublin

MasterCard’s latest SpendingPulse report point to continued upward momentum in retail sales

Tue Aug 08 2023 - 11:49
Bust-up over congestion charges in London could soon play out in Dublin

Bust-up over congestion charges in London could soon play out in Dublin

Congestion and air pollution in the capital are rising and the city’s transport network could soon become a major climate battleground

Mon Aug 07 2023 - 06:00
Wicklow eclipses Dublin as most expensive county in which to buy property

Wicklow eclipses Dublin as most expensive county in which to buy property

Geowox report indicates the median or middle price paid for a home in Wicklow in the second quarter of this year was €425,000

Fri Aug 04 2023 - 05:00
Three Ireland blames €13m earnings hit on higher energy costs

Three Ireland blames €13m earnings hit on higher energy costs

State’s largest mobile operator adds 300,000 customers to its network, pushing its market share in the Republic to 43.5 per cent

Thu Aug 03 2023 - 09:57
State sets new record with €48bn tax revenue so far this year

State sets new record with €48bn tax revenue so far this year

Exchequer returns show tax revenue now running €4.3bn ahead of the same period last year

Wed Aug 02 2023 - 16:30
Republic’s unemployment rate revised up to 4.1%

Republic’s unemployment rate revised up to 4.1%

Youth unemployment edges up to 10.7% but analysts say labour market remains ‘incredibly tight’

Wed Aug 02 2023 - 11:55
Kerry expands Chinese footprint with €91m acquisition of Shanghai food business

Kerry expands Chinese footprint with €91m acquisition of Shanghai food business

Irish food giant has been strengthening its position in Asia’s rapidly expanding food market

Tue Aug 01 2023 - 17:26
Greencoat Renewables expands wind assets portfolio with Spanish acquisition

Greencoat Renewables expands wind assets portfolio with Spanish acquisition

Dublin wind and solar group announces third acquisition in the Spanish market

Tue Aug 01 2023 - 07:31
New mortgage loans exceed repayments for first time in June

New mortgage loans exceed repayments for first time in June

Central Bank statistics indicate annual growth in loans to households for house purchase turned positive for the year to the end of June

Mon Jul 31 2023 - 18:27
European stocks rise on cooling inflation and healthcare boost

European stocks rise on cooling inflation and healthcare boost

Investors buoyed by report showing euro zone inflation eased further in July

Mon Jul 31 2023 - 18:00
European shares rise as tech leads gains on Fed rate optimism

European shares rise as tech leads gains on Fed rate optimism

Stoxx 600 records best winning streak since April as tech and mining stocks boost index

Thu Jul 13 2023 - 19:47
More than 100,000 planning permissions lay dormant at end-2022, including 50,000 in Dublin

More than 100,000 planning permissions lay dormant at end-2022, including 50,000 in Dublin

Department of Finance report links viability of apartment schemes to combination of issues such as rising interest rates and judicial reviews

Thu Jul 13 2023 - 17:53
Core inflation in State rises to 7.1% on back of higher mortgage costs

Core inflation in State rises to 7.1% on back of higher mortgage costs

CSO’s latest consumer price index points to another decline in headline price growth but underlying prices are still rising

Thu Jul 13 2023 - 11:27
Trade NI leads ‘largest ever’ mission to Dublin

Trade NI leads ‘largest ever’ mission to Dublin

Business delegation aims to highlight the North’s bright prospects to potential investors

Thu Jul 13 2023 - 05:00
Republic losing out on new business because of ‘housing constraint’, Ibec warns

Republic losing out on new business because of ‘housing constraint’, Ibec warns

Employers’ group says ‘capacity constraints’ in housing, infrastructure, skills and labour are main issues for firms

Thu Jul 13 2023 - 05:00
Hostelworld books record half-year revenues of €51.5m as demand recovers since Covid

Hostelworld books record half-year revenues of €51.5m as demand recovers since Covid

Travel company has seen bookings rise by 64% to 3.4m, driven by strong performances in key markets in Europe, Asia and Oceania

Wed Jul 12 2023 - 09:49
Tullow expects new Jubilee oil field to deliver over 100,000 barrels a day

Tullow expects new Jubilee oil field to deliver over 100,000 barrels a day

Oil and gas company maintains full-year production guidance while reporting unchanged revenue from last year

Wed Jul 12 2023 - 08:42
Woodie’s owner Grafton Group sees revenues rise as it reaps benefits of diversification

Woodie’s owner Grafton Group sees revenues rise as it reaps benefits of diversification

DIY chain reports 3.2% increase in half-year revenue to £1.19bn (€1.4bn), ‘with 60% of revenue generated in Ireland, the Netherlands and Finland’

Wed Jul 12 2023 - 07:40
Rapid-build technologies to facilitate delivery of 1,800 social homes

Rapid-build technologies to facilitate delivery of 1,800 social homes

Department signals plan to target more innovative prefabricated construction processes to speed up housing delivery

Wed Jul 12 2023 - 05:00
McGrath promises fund to ensure spending on vital infrastructure into the future

McGrath promises fund to ensure spending on vital infrastructure into the future

Minister for Finance says he plans to introduce legislation establishing a countercyclical public investment fund and a sovereign wealth fund later this year

Tue Jul 11 2023 - 15:44
Irish industrial production figures being distorted by outsourcing, says CSO

Irish industrial production figures being distorted by outsourcing, says CSO

Contract manufacturing makes Irish output data volatile, State agency says

Mon Jul 10 2023 - 14:28
Tesla the best-selling brand of new car with Irish motorists in June, CSO figures show

Tesla the best-selling brand of new car with Irish motorists in June, CSO figures show

Almost a fifth of new cars registered in the State in the first half of 2023 were electric

Mon Jul 10 2023 - 12:32
Keir Starmer has started to sound like Boris Johnson on Brexit

Keir Starmer has started to sound like Boris Johnson on Brexit

Labour leader’s Damascene conversion to the process he once fought tooth and nail against has him riding high in the polls

Sun Jul 09 2023 - 12:05
Three months out from the budget and we’ve already had a big widening of parameters

Three months out from the budget and we’ve already had a big widening of parameters

Revised budgetary package draws criticism from Ifac over return to pro-cyclical policies that have traditionally undermined economy

Fri Jul 07 2023 - 00:00
Budgetary strategy undermines Government’s credibility, Ifac claims

Budgetary strategy undermines Government’s credibility, Ifac claims

Taoiseach Leo Varadkar said that he would ‘respectfully disagree’ with the views of the Irish Fiscal Advisory Council

Thu Jul 06 2023 - 12:00
Euro-zone blue-chip values slip as tech shares pressured in advance of release of minutes from US Fed meeting

Euro-zone blue-chip values slip as tech shares pressured in advance of release of minutes from US Fed meeting

Weak China services data weighs on miners, financials as euro zone services activity takes a hit

Wed Jul 05 2023 - 19:11
Despite warnings of overheating, the Coalition signals bigger budget package and again parks spending rule

Despite warnings of overheating, the Coalition signals bigger budget package and again parks spending rule

Strategy strikes balance between investing in public services and safeguarding finances, says Minister for Finance

Wed Jul 05 2023 - 05:00
Surging revenues to fund giveaway budget with public spending boost and modest tax cuts, Government says

Surging revenues to fund giveaway budget with public spending boost and modest tax cuts, Government says

The two ministers declined to say if this year’s ‘one-off’ measures – which do not entail permanent increases in public spending budgets – would match or exceed last year’s level of €4 billion

Tue Jul 04 2023 - 20:23
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