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Bank of Ireland and PTSB hold off on higher rates as ECB hikes again

Bank of Ireland and PTSB hold off on higher rates as ECB hikes again

Lenders are alone in not raising non-tracker rates in recent months

Thu Oct 27 2022 - 19:15
ECB more hawkish on rates as inflation outlook deteriorates

ECB more hawkish on rates as inflation outlook deteriorates

Policymakers are fearful that the surge in price growth is becoming more entrenched

Thu Oct 27 2022 - 16:11
Consumers cut  discretionary spending in response to inflation

Consumers cut discretionary spending in response to inflation

AIB report highlights impact of higher prices on consumer spending patterns

Thu Oct 27 2022 - 13:30
ECB rate: More pain for mortgage-holders with 0.75 percentage point hike

ECB rate: More pain for mortgage-holders with 0.75 percentage point hike

Third rise since July means that interest rates have now jumped from zero to 2 per cent in the space of a few months

Thu Oct 27 2022 - 13:16
Housing supply to fall further behind demand as rising costs hit investment, Goodbody warns

Housing supply to fall further behind demand as rising costs hit investment, Goodbody warns

Brokerage’s latest housing supply tracker highlights weakening trend in commencements

Wed Oct 26 2022 - 11:25
European markets hit one-month high as earnings offset economic gloom

European markets hit one-month high as earnings offset economic gloom

Company updates help lift sentiment despite lingering worries about a European recession

Tue Oct 25 2022 - 18:52
Martin Shanahan steps down as IDA chief executive earlier than expected

Martin Shanahan steps down as IDA chief executive earlier than expected

State agency announces competition to replace Shanahan while appointing Mary Buckley as interim chief executive

Tue Oct 25 2022 - 16:16
Monart Spa owner returns to profit after pandemic hit

Monart Spa owner returns to profit after pandemic hit

Griffin Group announces plans for five-acre 1.5MW solar farm at the five-star Wexford hotel

Tue Oct 25 2022 - 16:13
Trading volumes at Irish ports improve as Covid disruption eases

Trading volumes at Irish ports improve as Covid disruption eases

The State’s seven ports handled 13.1 million tonnes of merchandise in the second quarter

Tue Oct 25 2022 - 15:47
Markets take back control as UK’s low tax gamble falls apart

Markets take back control as UK’s low tax gamble falls apart

Post-Brexit Britain has no real notion of what it wants from the process or where it is going in policy terms

Sun Oct 16 2022 - 15:38
House price inflation slows again as higher borrowing costs cool market

House price inflation slows again as higher borrowing costs cool market

Latest CSO figures suggest headline price growth fell 12% in August

Thu Oct 13 2022 - 11:15
Pandemic triggers decline in use of cash, Central Bank study finds

Pandemic triggers decline in use of cash, Central Bank study finds

Research detects structural shift in use of cash since pandemic though it remains widely-used in Ireland and across Europe

Thu Oct 13 2022 - 11:01
State may need to limit home-building to just 21,000 units a year to meet climate targets

State may need to limit home-building to just 21,000 units a year to meet climate targets

Study by the Irish Green Building Council suggests Ireland’s development targets may not be compatible with its climate targets

Thu Oct 13 2022 - 06:00
Irish mortgage holders warned to brace for sequence of payment hikes

Irish mortgage holders warned to brace for sequence of payment hikes

Data shows average interest rate applied to new mortgages remained roughly unchanged in August

Wed Oct 12 2022 - 15:30
Perfect economic storm will make 2023 ‘feel like a recession’

Perfect economic storm will make 2023 ‘feel like a recession’

Overlapping shocks include Russia’s war in Ukraine, surging inflation and slowdown in China

Tue Oct 11 2022 - 18:57
IMF cuts global growth forecasts for fourth time this year, warning 2023 ‘will feel like a recession’

IMF cuts global growth forecasts for fourth time this year, warning 2023 ‘will feel like a recession’

Washington DC-based fund blames deteriorating outlook on Russia’s invasion of Ukraine, inflation pressures and slowing Chinese economy

Tue Oct 11 2022 - 15:30
Up to 10,000 Irish businesses remain in state of financial distress post pandemic, Central Bank finds

Up to 10,000 Irish businesses remain in state of financial distress post pandemic, Central Bank finds

Regulator publishes two financial stability notes on wage supports and financial distress in wake of pandemic

Tue Oct 11 2022 - 12:31
European shares subdued amid growth concerns and geopolitical tensions

European shares subdued amid growth concerns and geopolitical tensions

Stoxx 600 falls for fourth straight session

Mon Oct 10 2022 - 18:41
An Cailín Ciúin becomes first Irish language film to gross over €1m at box office

An Cailín Ciúin becomes first Irish language film to gross over €1m at box office

Coming-of-age drama and Irish entry for best international feature at the upcoming Oscars hits new milestone

Mon Oct 10 2022 - 18:11
House prices continue to cool as interest rates tick up

House prices continue to cool as interest rates tick up

State’s largest estate agent Sherry FitzGerald reports a further slowing of price growth but says housing demand remains strong

Mon Oct 10 2022 - 13:31
Davy cuts growth forecast for Irish economy and warns on home completions

Davy cuts growth forecast for Irish economy and warns on home completions

Broker warns higher input costs in construction sector will result in fewer-than-expected new houses next year

Mon Oct 10 2022 - 06:28
UK turmoil set to hit Irish SMEs’ business there, Asia-focused think tank says

UK turmoil set to hit Irish SMEs’ business there, Asia-focused think tank says

Asia Matters warns firms stuck in 'English language mode'

Mon Oct 10 2022 - 04:54
Rising costs trigger 16% decline in business start-ups as economic uncertainty persists

Rising costs trigger 16% decline in business start-ups as economic uncertainty persists

Figures by credit risk analyst CRIFVision-net point to inflationary pressures, but optmism is high despite deteriorating outlook

Mon Oct 10 2022 - 00:15
Construction costs surge again with concrete levy impact yet to be felt

Construction costs surge again with concrete levy impact yet to be felt

BNP Paribas’s construction industry tracker detects pick-up in activity despite another jump in input costs

Mon Oct 10 2022 - 00:15
Does the ‘soft landing’ narrative for house prices stand up to scrutiny?

Does the ‘soft landing’ narrative for house prices stand up to scrutiny?

The frenzied activity of the pandemic might be over but it’s uncertain whether price correction will follow in an era of higher inflation

Sun Oct 09 2022 - 11:52
Live Register total falls again as labour market tightens

Live Register total falls again as labour market tightens

Manufacturing output rises by 8.1% as prevalence of pharmaceutical firms helps Ireland defy deteriorating international outlook.

Fri Oct 07 2022 - 12:24
European shares fall as investors fret about inflation, aggressive interest rates

European shares fall as investors fret about inflation, aggressive interest rates

The pan-European Stoxx 600 index reverses early session gains

Thu Oct 06 2022 - 18:55
Property market headed for ‘perfect storm’ of rising costs and flattening or falling prices

Property market headed for ‘perfect storm’ of rising costs and flattening or falling prices

Experts, estate agents give verdict on ESRI’s latest assessment of market and whether house prices are 7% overvalued

Thu Oct 06 2022 - 14:06
Ireland’s corporation tax take unlikely to fall due to global reforms, ESRI says

Ireland’s corporation tax take unlikely to fall due to global reforms, ESRI says

Government has forecast OECD reforms could cost State €2m per year

Thu Oct 06 2022 - 00:01
Irish property market likely to slow down with house prices overvalued by 7%, ESRI says

Irish property market likely to slow down with house prices overvalued by 7%, ESRI says

Cost-of-living squeeze and higher interest rates likely to cool market, says think tank, but too early to say if prices will fall

Thu Oct 06 2022 - 00:01
Withdrawal of Ulster Bank, KBC and branch closures negatively impacting services

Withdrawal of Ulster Bank, KBC and branch closures negatively impacting services

Regulator launches discussion paper to kickstart an upcoming review of the State’s consumer protection code

Mon Oct 03 2022 - 15:13
Ireland ranks second worst across OECD for parental leave and worst for ‘public family policies’

Ireland ranks second worst across OECD for parental leave and worst for ‘public family policies’

Study found parental leave package here at 7.6 weeks for mothers and just 0.5 weeks for fathers was second worst of 38 industrialised states

Mon Oct 03 2022 - 13:22
Brexiteer fantasy of low-tax, Singapore-style economy gets slapped down by markets

Brexiteer fantasy of low-tax, Singapore-style economy gets slapped down by markets

Truss and Kwarteng’s low-tax plan to kickstart the UK’s underperforming economy triggers crisis

Sun Oct 02 2022 - 11:34
Ireland is facing biggest decline in living standards since the crash despite budget measures

Ireland is facing biggest decline in living standards since the crash despite budget measures

Heightened levels of inflation will depress real wages, while a severe winter in Europe could trigger another round of energy price hikes

Fri Sept 30 2022 - 05:45
UK’s economic plan is nuts and could bankrupt economy, Ryanair boss claims

UK’s economic plan is nuts and could bankrupt economy, Ryanair boss claims

Ryanair's Michael O'Leary assails UK government's economic plan

Wed Sept 28 2022 - 13:35
Ryanair plans to grow Irish passenger traffic by 10m, creating 2,000 jobs

Ryanair plans to grow Irish passenger traffic by 10m, creating 2,000 jobs

Airline announces ambitious growth strategy for its Irish operations as carrier celebrates 35 years in business

Wed Sept 28 2022 - 11:53
Donohoe unveils €11bn budget to combat inflationary squeeze

Donohoe unveils €11bn budget to combat inflationary squeeze

Budget 2023: Government bids to combat cost of living crisis

Tue Sept 27 2022 - 19:18
Corporation tax windfall allows Government to spend big and save at the same time

Corporation tax windfall allows Government to spend big and save at the same time

Budget 2023: €11bn package is one of the biggest budget spends on record outside of the Covid era

Tue Sept 27 2022 - 16:17
ICS Mortgages announces another interest rate hike

ICS Mortgages announces another interest rate hike

Non-bank lender says move reflects ongoing upward pressure on cost of financing

Mon Sept 26 2022 - 20:56
Credit union bailout fund now contains almost €50m

Credit union bailout fund now contains almost €50m

Minister for Finance announces levy rate for credit unions

Mon Sept 26 2022 - 16:48
Lagarde warns of future ECB rate hikes despite deteriorating growth outlook

Lagarde warns of future ECB rate hikes despite deteriorating growth outlook

ECB chief also warns that government interventions to date have been too broad

Mon Sept 26 2022 - 16:24
Global economy paying high price for Russia’s war of aggression, says OECD

Global economy paying high price for Russia’s war of aggression, says OECD

Paris-based agency warns of slowing growth as monetary policy tightens and the possibility of recessions in several European ecnomies

Mon Sept 26 2022 - 12:32
Republican Party’s anti-climate agenda threatens cosy alliance with Wall Street

Republican Party’s anti-climate agenda threatens cosy alliance with Wall Street

Some states are attempting to punish financial firms for climate-friendly investing

Sun Sept 25 2022 - 11:48
House price growth in Dublin slows significantly amid increased supply and higher interest rates

House price growth in Dublin slows significantly amid increased supply and higher interest rates

DNG’s latest house price gauge suggests the average price of a resale property in the capital increased by 6.4 per cent in the year to September

Sat Sept 24 2022 - 05:00
Inflationary squeeze triggers pick-up in corporate insolvencies

Inflationary squeeze triggers pick-up in corporate insolvencies

Report indicates the number of corporate insolvencies forecasted for the first nine months of 2022 is up by over a third

Fri Sept 23 2022 - 09:31
Global move on interest rates sends shudders through markets

Global move on interest rates sends shudders through markets

Bank of England and Swiss central bank follow US Fed in announcing further monetary tightening

Thu Sept 22 2022 - 19:35
‘We’ll be poorer for longer’ if inflation gets embedded in economy, Donohoe warns

‘We’ll be poorer for longer’ if inflation gets embedded in economy, Donohoe warns

Budget must strike balance between helping households and keeping economy on sustainable path, Minister for Finance says

Thu Sept 22 2022 - 06:00
Dutch MEP says Ireland needs to ‘match actions with words’ on tax

Dutch MEP says Ireland needs to ‘match actions with words’ on tax

Head of European Parliament’s subcommittee on tax matters wants Ireland to sign up to 15% corporation tax rate

Tue Sept 20 2022 - 17:01
Is a house price correction on the cards in Ireland?

Is a house price correction on the cards in Ireland?

Ever-optimistic industry professionals talk about a slowdown, not a correction, but their predictions rarely play out

Sun Sept 18 2022 - 12:13
Too big a budgetary package could fuel further inflation, Seán Fleming warns

Too big a budgetary package could fuel further inflation, Seán Fleming warns

Minister of State says budget must strike balance between helping households and keeping economy on sustainable path

Fri Sept 16 2022 - 18:16
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