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A simple revision and we are in recession

A simple revision and we are in recession

CSO revises second quarter GDP number down, pushing Irish economy into recession in the process

Tue Dec 05 2023 - 05:47
Oisín Fanning may need fresh San Leon plan as US funds fail to turn up

Oisín Fanning may need fresh San Leon plan as US funds fail to turn up

Earlier this year, San Leon planned to take over certain assets of Nigeria’s Midwestern Oil and Gas Company, a 13 per cent shareholder in San Leon, by way of a reverse takeover

Tue Dec 05 2023 - 05:39
Debit and credit card use keeps rising, but cashless society is a long way away

Debit and credit card use keeps rising, but cashless society is a long way away

Latest Central Bank data shows cash continues to be a popular choice for many

Sun Dec 03 2023 - 05:00
GDP data shows domestic economy still doing okay, but can that continue?

GDP data shows domestic economy still doing okay, but can that continue?

Contraction largely driven by sectors dominated by multinationals doing business outside Ireland

Sat Dec 02 2023 - 06:00
Exports now exaggerating Irish downturn

Exports now exaggerating Irish downturn

Ireland’s headline growth is faltering but not as badly as the headline GDP numbers suggest

Thu Nov 30 2023 - 06:00
Proof will be in the pudding for Greencore

Proof will be in the pudding for Greencore

Company’s revenues and profits are up but volumes remain tight while costs continue to rise

Thu Nov 30 2023 - 05:30
Ulster Bank move on ‘offset mortgages’ paves way for licence return in 2025

Ulster Bank move on ‘offset mortgages’ paves way for licence return in 2025

Plan’s €58m cost will be worth it for bank as it moves to exit the Republic

Tue Nov 28 2023 - 06:00
Government and big dairy at loggerheads as nitrates row rolls on

Government and big dairy at loggerheads as nitrates row rolls on

Dairy farmer group talks of ‘Government’s animosity towards the dairy sector’

Tue Nov 28 2023 - 06:00
The European Commission gave the two former budgetary miscreants a clean bill of health

The European Commission gave the two former budgetary miscreants a clean bill of health

It is welcome at a time when interest rates are rising and bond investors are again looking at the prospects of individual countries

Sun Nov 26 2023 - 05:30
O’Connell Street traders fight to recover ground lost to riots

O’Connell Street traders fight to recover ground lost to riots

O’Connell Street is supposed to be Dublin’s main thoroughfare but instead vast tracts of land lie empty awaiting redevelopment

Sat Nov 25 2023 - 06:00
What did you spend your last bonus on?

What did you spend your last bonus on?

Is your annual bonus from your employer being sucked into your day-to-day spending?

Thu Nov 23 2023 - 06:00
Is the property market that ‘hot’

Is the property market that ‘hot’

Property website Daft.ie said homes offered on its bidding platform have gone from first to final offer within just 10 days

Thu Nov 23 2023 - 05:30
Press Up redundancies a harsh reality check for sector

Press Up redundancies a harsh reality check for sector

Hospitality group cites sale of hotel group as a reason for laying off staff

Tue Nov 21 2023 - 05:30
Funds lobby needs to target message carefully on tax changes

Funds lobby needs to target message carefully on tax changes

There are reasons why investment funds are taxed at a higher headline rate even if 41% is too big a share for the exchequer

Tue Nov 21 2023 - 05:00
Auto-enrolment deadline looks as unrealistic as ever

Auto-enrolment deadline looks as unrealistic as ever

Employers getting frustrated at lack of realistic guidance on landmark reform that will challenge their businesses

Sun Nov 19 2023 - 10:00
After 10 year of jobs-rich growth, the Irish labour market is turning

After 10 year of jobs-rich growth, the Irish labour market is turning

Weaker demand, ongoing inflation and the impact of monetary tightening have triggered a rise in unemployment

Sat Nov 18 2023 - 06:00
Is change in the air at Brown Thomas and Arnotts?

Is change in the air at Brown Thomas and Arnotts?

Thailand’s Central Group has moved to take full control of the department stores’ parent group

Thu Nov 16 2023 - 06:00
New banker rules eased for overseas executives

New banker rules eased for overseas executives

Central Bank rows back on some aspects of accountability regime

Thu Nov 16 2023 - 06:00
Is increase in rental supply a blip or the start of a trend?

Is increase in rental supply a blip or the start of a trend?

Daft.ie figures suggest rental supply is rising but it is still some way off the number that you would expect in a properly functioning market, according to Ronan Lyons

Tue Nov 14 2023 - 06:00
Web Summit faces crucial week in attempt to move on from Paddy Cosgrave’s exit

Web Summit faces crucial week in attempt to move on from Paddy Cosgrave’s exit

New chief Katherine Maher says event returning to connecting investors, founders, companies and entrepreneurs

Tue Nov 14 2023 - 05:26
Will RTÉ throw politicians a decentralisation bone?

Will RTÉ throw politicians a decentralisation bone?

Ministers seem especially interested in what the broadcaster plans to do beyond Donnybrook

Sun Nov 12 2023 - 06:30
Lagarde indicates ECB rates have peaked

Lagarde indicates ECB rates have peaked

Interest rate cuts are now firmly on the cards for next year

Sat Nov 11 2023 - 06:00
Beef off the menu as China bans premium product

Beef off the menu as China bans premium product

Martin seeks to reassure China on trade intentions

Thu Nov 09 2023 - 06:00
Is Ryan Tubridy about to sign up with Virgin Radio UK?

Is Ryan Tubridy about to sign up with Virgin Radio UK?

Former RTÉ presenter due to be out and about in London on Thursday

Wed Nov 08 2023 - 17:22
Kingspan investors look beyond record profit forecast

Kingspan investors look beyond record profit forecast

Shares plunge on Monday as Cavan firm grapples with lower sales

Tue Nov 07 2023 - 06:00
Unemployment barometers point in different directions

Unemployment barometers point in different directions

Fall in live register runs counter to official unemployment statistics

Tue Nov 07 2023 - 06:00
Dublin Airport cap on passenger numbers won’t do anything to halt steep rises in air fares

Dublin Airport cap on passenger numbers won’t do anything to halt steep rises in air fares

Airline believes its air fares will rise by a ‘mid-teen percentage’ in the three months to the end of December

Tue Nov 07 2023 - 05:30
Ireland and Apple face key opinion next week on EU tax case

Ireland and Apple face key opinion next week on EU tax case

Apple tax case: General mood in Government circles is that it’ll soon be releasing the funds in escrow bank to tech giant. But what if Vestager secures a rare tax-aid victory?

Sun Nov 05 2023 - 05:58
November shaping up to be a make-or-break month for corporation tax

November shaping up to be a make-or-break month for corporation tax

Not for the first time in 2023, receipts from the tax on company profits have dropped precipitously

Sat Nov 04 2023 - 06:00
AIB ‘may return €4.3bn’ to shareholders in coming years

AIB ‘may return €4.3bn’ to shareholders in coming years

AIB has paid out €594 million over the past two years by way of dividends and buying back some of the State’s shares – or what are known as directed buy-backs

Thu Nov 02 2023 - 05:59
Insurers know the answer to Irish flood cover problem

Insurers know the answer to Irish flood cover problem

States, including the UK, the US, France and Germany, have a variety of formalised scheme to cover flood damage

Thu Nov 02 2023 - 05:00
Irish banks likely to increase mortgage rates in coming months even if ECB leaves rates unchanged

Irish banks likely to increase mortgage rates in coming months even if ECB leaves rates unchanged

AIB, Bank of Ireland and PTSB have so far absorbed most of the ECB rate hikes but with deposit rates now rising, this could change in coming months

Sun Oct 29 2023 - 06:00
We are used to dismissing GDP figures — but they may be signalling a slowdown

We are used to dismissing GDP figures — but they may be signalling a slowdown

Perhaps, as has long been forecast, we are finally seeing growth here return to more normal levels

Sat Oct 28 2023 - 06:00
Jim Ratcliffe’s pursuit of Manchester United poised to go to extra time

Jim Ratcliffe’s pursuit of Manchester United poised to go to extra time

Glazer family’s sale of the football club has proven a protracted process

Thu Oct 26 2023 - 06:00
What is Portugal’s view of Web Summit controversy?

What is Portugal’s view of Web Summit controversy?

The event’s economic impact for Lisbon and Portugal is estimated at €300 million a year

Wed Oct 25 2023 - 18:50
EY’s David McNamara to be AIB’s next chief economist

EY’s David McNamara to be AIB’s next chief economist

Appointment shines a light on bank research teams at a time that sector is in flux

Tue Oct 24 2023 - 06:00
Web Summit struggles to find direction without Paddy Cosgrave

Web Summit struggles to find direction without Paddy Cosgrave

Events group strongly identified with the dominant leadership of its founder Paddy Cosgrave now putting faith in leadership by committee

Tue Oct 24 2023 - 05:30
Paying a price for the cashless society

Paying a price for the cashless society

Fundamental clash is looming between banks that see cash as a cost to them and the EU which wants to keep people’s options open

Sun Oct 22 2023 - 06:00
Northern Ireland protocol delivers for some

Northern Ireland protocol delivers for some

Co Armagh-based pharmaceutical company Almac working both sides of the Border in pursuit of growth and profit

Sat Oct 21 2023 - 06:00
Inflation target is still far away

Inflation target is still far away

Central banks’ 2% target rate is likely to become harder to achieve

Thu Oct 19 2023 - 06:00
Could Ireland’s defeat by New Zealand hit Irish consumer confidence?

Could Ireland’s defeat by New Zealand hit Irish consumer confidence?

There was a palpable slump in mood following Ireland’s exit from the world cup at the weekend

Thu Oct 19 2023 - 05:00
ESRI’s mixed views on State’s housing interventions

ESRI’s mixed views on State’s housing interventions

Taken together, measures contained in last week’s budget will increase household income but housing measures are expected to keep upward pressure on prices

Tue Oct 17 2023 - 06:00
Whither the Government’s low-cost retrofitting loan scheme?

Whither the Government’s low-cost retrofitting loan scheme?

After several false starts, the department says initiative will be up and running by year’s end

Tue Oct 17 2023 - 05:45
A snapshot of trading by Brown Thomas and Arnotts since their takeover last year

A snapshot of trading by Brown Thomas and Arnotts since their takeover last year

Accounts for parent group show Irish department stores made a loss from mid-August 2022 under new owners

Sun Oct 15 2023 - 06:00
DPC inquiry into Central Bank data breach compounds regulator’s embarrassment

DPC inquiry into Central Bank data breach compounds regulator’s embarrassment

Financial regulator may be on the receiving end of a fine for a regulatory breach

Sat Oct 14 2023 - 06:00
Department warns of monetary ‘sting in the tail’

Department warns of monetary ‘sting in the tail’

Full impact of higher interest rates is still rippling out across the real economy

Thu Oct 12 2023 - 06:00
Bank levy changing to focus on customer deposits instead of Dirt

Bank levy changing to focus on customer deposits instead of Dirt

Change in methodology set to increase revenue from levy to €200m

Thu Oct 12 2023 - 06:00
Metro Bank barely survives problems of its own making

Metro Bank barely survives problems of its own making

United Kingdom lender secures new capital to ease immediate peril, with few signs of a wider crisis

Tue Oct 10 2023 - 06:00
Budget 2024: ‘Tailored’ mortgage relief could easily unravel on Government

Budget 2024: ‘Tailored’ mortgage relief could easily unravel on Government

Budget proposal to offer relief to some homeowners but not others looks like allowing two ideas to undermine each other

Tue Oct 10 2023 - 05:15
Business turning a deaf ear to the green regime

Business turning a deaf ear to the green regime

Survey shows dramatic fall off in support for steps required to deliver a green transition and meet emissions targets

Sun Oct 08 2023 - 06:00
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