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Fears over hawkish central bankers weigh on market sentiment

Fears over hawkish central bankers weigh on market sentiment

Iseq index drops 0.9 per cent, dragged lower by the owner of Paddy Power bookmaker

Thu Nov 03 2022 - 18:54
Sales and profits fall at Rohan family’s property group

Sales and profits fall at Rohan family’s property group

Development group founded by Ken Rohan sitting on shareholders' funds of close to €170m

Wed Nov 02 2022 - 05:00
Varadkar steers clear of legal dispute between IDA and Connect Ireland

Varadkar steers clear of legal dispute between IDA and Connect Ireland

Department says Minister for Enterprise has not seen transcripts of evidence concerning dispute involving State agency

Mon Oct 31 2022 - 05:15
Nestlé Ireland makes €70m loss after writing down value of Limerick baby formula plant

Nestlé Ireland makes €70m loss after writing down value of Limerick baby formula plant

Sales from the Wyeth factory in Askeaton fell 30%

Mon Oct 31 2022 - 05:11
‘Countries that have crashes are those that follow one school of economics too closely’

‘Countries that have crashes are those that follow one school of economics too closely’

Ha-Joon Chang, author of Edible Economics, talks to Mark Paul ahead of his appearance at Kilkenomics next month

Sat Oct 29 2022 - 05:00
US markets optimism drives European values into positive territory

US markets optimism drives European values into positive territory

Dublin’s Iseq index advances on the back of big banks and other heavyweight stocks

Fri Oct 28 2022 - 19:05
Ireland’s night-time economy is in genuine peril - why were licensing reforms so long coming?

Ireland’s night-time economy is in genuine peril - why were licensing reforms so long coming?

Government’s proposals for overhauling the licensing laws and extending pub and club opening hours is far-reaching but necessary

Fri Oct 28 2022 - 05:20
Dermot Desmond agrees €65m bailout of Canadian diamond miner

Dermot Desmond agrees €65m bailout of Canadian diamond miner

Businessman has agreed to swap Mountain Province Diamond loan notes due next month for a new tranche due in three years time

Fri Oct 28 2022 - 05:00
C&C sees ‘resilient’ first half, but warns of challenges ahead

C&C sees ‘resilient’ first half, but warns of challenges ahead

Revenue for September was 5% lower

Thu Oct 27 2022 - 07:54
Markets rise as traders dare to hope central banks will ease off rate hikes

Markets rise as traders dare to hope central banks will ease off rate hikes

Iseq index up by only a quarter of 1% as banks fail to fire while downbeat guidance from Microsoft and Alphabet hit tech stocks

Wed Oct 26 2022 - 18:50
‘Inertia’ among KBC and Ulster Bank switchers means banks must do more

‘Inertia’ among KBC and Ulster Bank switchers means banks must do more

Of more than 850,000 accounts still open at the two departing institutions, around 300,000 are users’ main accounts increasing their risk of disruption

Wed Oct 26 2022 - 18:12
Former chief justice Frank Clarke mediates ‘INM 19′ cases

Former chief justice Frank Clarke mediates ‘INM 19′ cases

Newspaper publisher Mediahuis Ireland has settled several legal cases brought over illegal trawl of emails

Wed Oct 26 2022 - 05:00
Irish whiskey sales up 21% on last year but small producers hit by glass bottles and malt price hikes

Irish whiskey sales up 21% on last year but small producers hit by glass bottles and malt price hikes

Irish Whiskey Association’s international trade report cites supply chain issues as a major threat

Wed Oct 26 2022 - 05:00
Aldi ‘frustrated’ in search for Dublin outlet sites

Aldi ‘frustrated’ in search for Dublin outlet sites

The company insists it will not overpay for sites in the capital, where many of its rivals are better represented

Sat Oct 22 2022 - 06:00
Global hotel brands check in to Dublin but sector faces big challenges

Global hotel brands check in to Dublin but sector faces big challenges

Capital is a magnet for latest big brands but inflation, staffing and cuts to disposable income mean road ahead is far from easy

Fri Oct 21 2022 - 05:15
We should thank the central bankers for not easing mortgage rules years ago

We should thank the central bankers for not easing mortgage rules years ago

If the rules had been loosened sooner or, worse, not adopted at all, house prices would now be even higher with many borrowers in bigger trouble as rates rise

Fri Oct 21 2022 - 05:00
Equity markets calm after Truss resignation

Equity markets calm after Truss resignation

Shares rise as the British prime minister announces her resignation

Thu Oct 20 2022 - 19:40
Mediahuis settles several data breach claims

Mediahuis settles several data breach claims

Former Independent News & Media firm sets aside close to €10m for legal cases

Thu Oct 20 2022 - 05:00
Concrete levy to be cut to 5% and delayed until September next year

Concrete levy to be cut to 5% and delayed until September next year

Minister for Finance says charge, designed to cover cost of repairing building defects, will be in place ‘for the foreseeable future’

Tue Oct 18 2022 - 17:56
Supermarkets score highly in customer service research while utilities and banks rank poorly

Supermarkets score highly in customer service research while utilities and banks rank poorly

Credit unions top annual rankings for eighth year in a row

Tue Oct 18 2022 - 05:15
Britain’s fiscal U-turn calms market jitters as banks and real estate lift European stocks

Britain’s fiscal U-turn calms market jitters as banks and real estate lift European stocks

Iseq in Dublin rose by 2.5 per cent as big hitters finished the session ahead and large banks rose amid more stable atmosphere

Mon Oct 17 2022 - 20:16
Cardinal Capital invests €30m in Northern Ireland kitchens company

Cardinal Capital invests €30m in Northern Ireland kitchens company

Uform will use investment to grow the business in Ireland and the UK

Mon Oct 17 2022 - 17:51
Fuel imports from Britain soar as economy recovers after Covid

Fuel imports from Britain soar as economy recovers after Covid

Official statistics suggest the pharmaceuticals industry is helping to drive a rise in exports

Mon Oct 17 2022 - 13:40
Irish trade unions edge closer to Holy Grail of mandatory recognition by employers - but issues remain

Irish trade unions edge closer to Holy Grail of mandatory recognition by employers - but issues remain

A working group has told the Government that employers should be forced by court order to deal with trade unions. But turning that into a reality is still some way away

Fri Oct 07 2022 - 05:00
Dermot Desmond owed more than €30m by loss-making eSpatial Solutions

Dermot Desmond owed more than €30m by loss-making eSpatial Solutions

Dublin-headquartered geomapping business has racked up losses of €40.8 million

Wed Oct 05 2022 - 18:52
No let-up in State’s corporate tax boom as monthly receipts double in September to €2bn

No let-up in State’s corporate tax boom as monthly receipts double in September to €2bn

State took in almost as much last month in taxes from business as it did from taxing workers’ pay

Tue Oct 04 2022 - 18:36
Brody Sweeney’s Camile Thai takeaways delivered a surge in growth in 2021

Brody Sweeney’s Camile Thai takeaways delivered a surge in growth in 2021

Accounts for the group’s seven company-operated sites show profits jumped by a third last year to nearly €574,000

Tue Oct 04 2022 - 16:03
Tourism and hospitality staffing crisis easing as employers hike pay rates

Tourism and hospitality staffing crisis easing as employers hike pay rates

Fáilte Ireland research suggests shortage is still hampering the sector but it has started to ease

Tue Oct 04 2022 - 05:00
Markets gain amid hope central banks will slow rate hikes due to weak economic data

Markets gain amid hope central banks will slow rate hikes due to weak economic data

The Iseq index in Dublin rose by almost 0.5 per cent

Mon Oct 03 2022 - 18:46
Housing market beginning to ‘cool off’, MyHome.ie says

Housing market beginning to ‘cool off’, MyHome.ie says

House price growth slowed to 7.8 per cent as the summer ended

Mon Oct 03 2022 - 06:15
Deloitte Ireland revenues surge to €429m but client sentiment ‘more cautious’

Deloitte Ireland revenues surge to €429m but client sentiment ‘more cautious’

The bulk of the firm's growth in Ireland was driven by its consulting wing

Mon Oct 03 2022 - 05:30
Debts of bust businesses to top €2bn in 2022 and are rising fast, report finds

Debts of bust businesses to top €2bn in 2022 and are rising fast, report finds

PwC says insolvency rate in Ireland is currently one-third of the UK

Mon Oct 03 2022 - 05:00
National Lottery operator uses nearly all unclaimed prizes to boost advertising budget

National Lottery operator uses nearly all unclaimed prizes to boost advertising budget

About €120m of unclaimed prizes between 2015 and 2021 were used for 'marketing' while just €2 million was used to top up prizes

Fri Sept 30 2022 - 18:50
Mica redress should not require concrete levy, ESRI says

Mica redress should not require concrete levy, ESRI says

Cost of various building defect redress schemes, which could hit €6bn, could be "socialised" with windfall revenues, says economist Barra Roantree

Fri Sept 30 2022 - 17:34
Debate over 9% VAT is Irish tourism’s Neverending Story and it isn’t finished yet

Debate over 9% VAT is Irish tourism’s Neverending Story and it isn’t finished yet

Leo Varadkar’s intervention after the budget this week seemed calculated to keep the issue on the table

Fri Sept 30 2022 - 05:00
Markets roiled by fears over inflation and further steep interest rate hikes

Markets roiled by fears over inflation and further steep interest rate hikes

The Iseq in Dublin fell heavily, with Bank of Ireland prominent in a sea of red

Thu Sept 29 2022 - 19:38
Number of mortgage approvals to buy homes falls compared with 2021

Number of mortgage approvals to buy homes falls compared with 2021

Industry data shows surge in mortgage switchers and those fixing to escape interest rate hikes

Thu Sept 29 2022 - 06:00
Minister wanted tourism’s VAT rate kept at 9% and says decision to raise it will face ‘review’

Minister wanted tourism’s VAT rate kept at 9% and says decision to raise it will face ‘review’

Tourism industry hopes a change in Taoiseach and Minister for Finance at the end of the year will preface a decision to stop the rate reverting up to 13.5 per cent

Wed Sept 28 2022 - 13:04
Businesses will be able to claim up to €10,000 per month towards electricity and gas costs

Businesses will be able to claim up to €10,000 per month towards electricity and gas costs

Budget 2023: Paschal Donohoe announces new support scheme targeted at SMEs and administered by Revenue

Tue Sept 27 2022 - 14:48
Tourism’s 9% VAT coming to an end, but Varadkar leaves door ajar for possible extension

Tourism’s 9% VAT coming to an end, but Varadkar leaves door ajar for possible extension

Budget 2023: VAT rate for tourism and hospitality will revert to 13.5 per cent on March 1st

Tue Sept 27 2022 - 14:42
Lufthansa Technik’s Irish operations claimed $18.4m from taxpayers in 2021 ahead of the sale of a division in Shannon

Lufthansa Technik’s Irish operations claimed $18.4m from taxpayers in 2021 ahead of the sale of a division in Shannon

One of its three Irish units, an aircraft maintenance operation at Shannon, was later sold to Atlantic Aviation securing 300 jobs after 180 redundancies

Fri Sept 23 2022 - 15:40
Lenehans restaurant in Rathmines closes

Lenehans restaurant in Rathmines closes

Dublin 6 venue founded by husband-and-wife team Paul Byrne and Fiona McHugh has suffered cost increases

Fri Sept 23 2022 - 12:47
Hoteliers hint boom time is over as they call for extension of 9% VAT rate

Hoteliers hint boom time is over as they call for extension of 9% VAT rate

Irish Hotels Federation warns of 'rapidly cooling demand' amid galloping price hikes

Fri Sept 23 2022 - 07:49
National Children’s Hospital builder BAM Ireland reports a return to growth and profits

National Children’s Hospital builder BAM Ireland reports a return to growth and profits

Revenues at the firm surged by more than one-third in 2021, accounts show

Fri Sept 23 2022 - 06:00
Mark Paul: Runaway public spenders are like climate change deniers who want our kids to pick up the tab

Mark Paul: Runaway public spenders are like climate change deniers who want our kids to pick up the tab

It is as wrong to spend tomorrow's public cash today as it is to leave future generations the job of fixing the planet

Fri Sept 23 2022 - 05:00
Meticulous Clare man keeping up the standards at Dublin 4′s plushest hotel

Meticulous Clare man keeping up the standards at Dublin 4′s plushest hotel

Nicky Logue is as nitpicky as any serious five-star hotel manager but he has a 'giddy' side too

Fri Sept 23 2022 - 01:00
Government cannot ‘empty the tank’ with budget energy supports, Varadkar says

Government cannot ‘empty the tank’ with budget energy supports, Varadkar says

Subsidies for business in next week’s budget will be ‘broad based’, Tánaiste says

Thu Sept 22 2022 - 20:00
Dutch bank Rabobank gets €550m cash windfall from Irish operation

Dutch bank Rabobank gets €550m cash windfall from Irish operation

The institution, which used to operate here as ACC Bank, has taken €681m in dividends from Ireland since it quit the retail market in 2018

Wed Sept 21 2022 - 05:00
Prospects of US rate hikes and economic slowdown keep markets subdued

Prospects of US rate hikes and economic slowdown keep markets subdued

Iseq in Dublin falls 1.6 per cent

Tue Sept 20 2022 - 19:27
Tourism sector cuts recovery projections even if 9% VAT retained

Tourism sector cuts recovery projections even if 9% VAT retained

Industry believes return of visitors to pre-pandemic levels will stall over worries of European recession

Mon Sept 19 2022 - 05:00
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