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Aer Lingus weighs up legal action against Dublin Airport passenger cap

Aer Lingus weighs up legal action against Dublin Airport passenger cap

As flagship airline issues Q1 operating loss, Irish carriers question right of aviation regulator to intervene in cap

Fri May 10 2024 - 17:51
State has enough construction workers to build 50,000 homes a year, Cairn chief says

State has enough construction workers to build 50,000 homes a year, Cairn chief says

Michael Stanley appears to contradict National Competitiveness and Productivity Council report pinpointing shortage of labour as key constraint

Fri May 10 2024 - 16:32
CRH reports solid start to year on back of ‘positive pricing’

CRH reports solid start to year on back of ‘positive pricing’

Building materials group says revenues rose 2 per cent to $6.5 billion in first quarter

Fri May 10 2024 - 07:32
Irish inflation drops to near three-year low

Irish inflation drops to near three-year low

Falling energy prices drive headline rate lower but underlying price growth remains elevated

Thu May 09 2024 - 18:38
Irish manufacturing sector sees biggest orders slump in 16 months

Irish manufacturing sector sees biggest orders slump in 16 months

AIB’s latest Purchasing Managers’ Index points to sustained reduction in output volumes and incoming new work

Wed May 01 2024 - 00:00
Revenue to remain open for warehoused tax payment plans until Friday

Revenue to remain open for warehoused tax payment plans until Friday

More than 8,600 businesses have set up payment arrangements so far

Tue Apr 30 2024 - 18:51
European shares slip as investors parse inflation data

European shares slip as investors parse inflation data

Stoxx 600 notches first monthly loss in six even as data signals improving economic fundamentals

Tue Apr 30 2024 - 18:24
Euro zone exits recession but inflation remains sticky

Euro zone exits recession but inflation remains sticky

Largest economies perform better than anticipated

Tue Apr 30 2024 - 12:13
Ireland should have told ECB to ‘bugger off’ during bailout talks, Varoufakis says

Ireland should have told ECB to ‘bugger off’ during bailout talks, Varoufakis says

Greek economist believes Ireland was bullied into bailout, Greeks pay German prices on Bulgarian wages and global economy has moved into technofeudalism

Tue Apr 30 2024 - 06:00
Irish economy returns to growth in first quarter with GDP up 1.1%

Irish economy returns to growth in first quarter with GDP up 1.1%

Preliminary CSO data indicate GDP was boosted by an increase in activity in the State’s multinational-dominated technology sector

Mon Apr 29 2024 - 12:03
Irish inflation drops to three-year low of 1.6%

Irish inflation drops to three-year low of 1.6%

Falling energy prices push headline inflation lower but food prices still rising

Mon Apr 29 2024 - 11:59
Why are so many people leaving the UK’s workforce?

Why are so many people leaving the UK’s workforce?

Close to one million people have left, quit or retired from the workforce since pandemic

Sun Apr 28 2024 - 12:43
Consumer sentiment falls amid job losses and higher prices

Consumer sentiment falls amid job losses and higher prices

Latest Credit Union consumer sentiment index fell to 67.8 in April, down from 69.5 the previous month

Thu Apr 25 2024 - 18:46
Housing targets at risk as new home completions fall

Housing targets at risk as new home completions fall

CSO figures show output fell by more than 12 per cent in the first three months of 2024 which endangers Government’s aims

Thu Apr 25 2024 - 12:06
Budget spending spree could overheat economy, Central Bank deputy governor warns

Budget spending spree could overheat economy, Central Bank deputy governor warns

Vasileios Madouros highlights economic risk from rising geopolitical tensions and further trade fragmentation

Wed Apr 24 2024 - 17:14
Lenders not adequately engaging with borrowers in arrears, says Central Bank

Lenders not adequately engaging with borrowers in arrears, says Central Bank

Regulator’s review highlights instances of ‘inadequate follow-up with borrowers’ and poor staff knowledge

Wed Apr 24 2024 - 14:11
Coalition’s budgetary war chest balloons as election nears

Coalition’s budgetary war chest balloons as election nears

Government’s latest stability programme update forecasts €38 billion in budgetary surpluses over the next four years

Tue Apr 23 2024 - 18:01
Budget surplus of €8.6bn forecast despite ‘loss of economic momentum’

Budget surplus of €8.6bn forecast despite ‘loss of economic momentum’

Budgetary surplus of almost €38bn over the next four years, according to Stability Programme Update

Tue Apr 23 2024 - 13:00
Farmland prices forecast to rise in tandem with dairy recovery

Farmland prices forecast to rise in tandem with dairy recovery

Report indicates most expensive agricultural land in State is in Waterford where good quality land on small holdings fetched an average of €20,000 per acre last year

Tue Apr 23 2024 - 06:00
Wholesale electricity prices down over 70% since immediate aftermath of Russia’s invasion of Ukraine

Wholesale electricity prices down over 70% since immediate aftermath of Russia’s invasion of Ukraine

Energy prices spiked after Russia invaded Ukraine in February 2022, reaching a peak in August that year

Mon Apr 22 2024 - 12:03
Is Apple behind latest drop in corporation tax?

Is Apple behind latest drop in corporation tax?

A sharp fall-off in receipts in March might - according to insiders - relate to the tech giant’s reassessing its tax liability here

Sun Apr 21 2024 - 12:14
Residential property transactions fall 18% in first quarter as higher borrowing costs bite

Residential property transactions fall 18% in first quarter as higher borrowing costs bite

Report by property start-up Geowox highlights steep decline in transactions on back of 10 straight ECB interest rate hikes

Sat Apr 20 2024 - 06:00
European shares pare losses as geopolitical jitters ease

European shares pare losses as geopolitical jitters ease

Continent-wide Stoxx 600 closes 0.1 per cent lower

Fri Apr 19 2024 - 18:25
Heineken price hike could add 15 to 20 cent to cost of a pint

Heineken price hike could add 15 to 20 cent to cost of a pint

While the brewer is adding 6 cents to its price, sources indicate this could rise to as high as 20 at the taps due to margins such as VAT

Thu Apr 18 2024 - 14:44
Arrabawn bucks dairy market slump with record results

Arrabawn bucks dairy market slump with record results

Tipperary-based co-op posts record earnings and operating profits for last year despite slide in market returns elsewhere

Thu Apr 18 2024 - 13:16
Lakeland reports €8m loss amid once-off restructuring charge and weaker dairy market returns

Lakeland reports €8m loss amid once-off restructuring charge and weaker dairy market returns

Cavan-based group hit by weaker dairy prices and exceptional charges related to a restructuring of its business

Wed Apr 17 2024 - 13:00
House price inflation accelerates to more than 6%

House price inflation accelerates to more than 6%

Prices rose at an average rate of 6.1 per cent in the 12 months to February, latest CSO residential property price index shows

Wed Apr 17 2024 - 11:25
Wider Middle East conflict could re-ignite inflationary crisis, IMF warns

Wider Middle East conflict could re-ignite inflationary crisis, IMF warns

Washington-based fund says geopolitical tensions could trigger new commodity price spike

Tue Apr 16 2024 - 14:00
Exports fall by almost €800m in February

Exports fall by almost €800m in February

Fall-off was driven by €1.4 billion (38 per cent) drop in exports of organic chemicals, CSO latest trade numbers show

Tue Apr 16 2024 - 12:29
Makhlouf warns on risk to financial system from non-bank sector

Makhlouf warns on risk to financial system from non-bank sector

Central Bank of Ireland governor speaking in Washington in advance of International Monetary Fund and World Bank meetings

Mon Apr 15 2024 - 21:40
Europe stocks flat as energy counters strength in industrials

Europe stocks flat as energy counters strength in industrials

Investors remain on the look out for any developments in the Middle East after Iran launched retaliatory attack on Israel over the weekend

Mon Apr 15 2024 - 18:51
Fertiliser prices drop 45% in 12 months, easing pressure on farmers

Fertiliser prices drop 45% in 12 months, easing pressure on farmers

Fertiliser prices spiked in the wake of Russia’s invasion of Ukraine and the subsequent jump in the cost of natural gas

Mon Apr 15 2024 - 12:21
Did we catastrophise Brexit?

Did we catastrophise Brexit?

Four years on from UK’s official departure from the EU, the Irish economy is relatively untrammelled by the new arrangements

Sun Apr 14 2024 - 12:30
From laggard to first mover: ECB could be first big central bank to cut rates

From laggard to first mover: ECB could be first big central bank to cut rates

While Frankfurt, as predicted, kept rates unchanged on Thursday, policymakers signalled the possibility of a rate cut at their next meeting in June

Thu Apr 11 2024 - 17:01
Housing commencements surge 67% in first quarter

Housing commencements surge 67% in first quarter

Goodbody’s latest housing tracker highlights big jump in activity ahead of ending levy waiver

Wed Apr 10 2024 - 18:21
Switch to electric cars hits speed bump with further decline in sales

Switch to electric cars hits speed bump with further decline in sales

Number of newly licensed electric vehicles down almost 10 per cent in the first quarter, CSO figures show

Wed Apr 10 2024 - 13:38
Dairygold reports declines in revenue and profit, citing weak demand

Dairygold reports declines in revenue and profit, citing weak demand

Cork-based dairy processor says retaining Ireland’s derogation from the EU’s nitrates directive ‘absolutely critical’ for farmer and processor viability

Wed Apr 10 2024 - 12:24
Output from multinational-dominated ‘modern sector’ of economy drops 21%

Output from multinational-dominated ‘modern sector’ of economy drops 21%

CSO figures production in manufacturing industries fell on an annualised basis in the three months from December to February

Tue Apr 09 2024 - 16:00
Investment in Irish commercial real estate slumps to post-crash low

Investment in Irish commercial real estate slumps to post-crash low

Report by Sherry FitzGerald highlights dramatic fall-off in investment on back of higher interest interests

Tue Apr 09 2024 - 05:52
Harris’s 250,000-home pledge would need 375 new GPs and 1,250 hospital beds, ESRI says

Harris’s 250,000-home pledge would need 375 new GPs and 1,250 hospital beds, ESRI says

ESRI develops tool for planners to ensure that new housing is matched with sufficient healthcare services

Tue Apr 09 2024 - 00:06
European stocks rise while oil prices slip after recent highs

European stocks rise while oil prices slip after recent highs

London’s FTSE 100 recovered some, but not all, of its losses from Friday

Mon Apr 08 2024 - 18:10
Number on Live Register falls despite pick-up in headline unemployment

Number on Live Register falls despite pick-up in headline unemployment

CSO said the number in receipt of benefits fell to 174,500 on a seasonally-adjusted basis in March

Mon Apr 08 2024 - 12:12
North’s ailing economy explains the high cost of unification

North’s ailing economy explains the high cost of unification

Regardless of the terms of disengagement by UK in any unification, there is no magic economic pill to bring NI up to standards down South

Sun Apr 07 2024 - 11:00
Europe’s Stoxx 600 at two-week low in broader market decline

Europe’s Stoxx 600 at two-week low in broader market decline

Utilities, retail and telecommunications were the worst-hit sectors, down between 1.6 per cent and 2.2 per cent

Fri Apr 05 2024 - 18:55
Donohoe warns departments as Government spending jumps 15% in first quarter

Donohoe warns departments as Government spending jumps 15% in first quarter

Government spending totals €22.8bn for first three months of the year, which was €2.9bn or 14.9 per cent above the same period in 2023

Fri Apr 05 2024 - 05:38
Corporate tax over-performance ‘coming to an end’ as receipts fall, McGrath warns

Corporate tax over-performance ‘coming to an end’ as receipts fall, McGrath warns

Latest exchequer returns show the Government collected €20.1 billion in tax revenue up to the end of March

Thu Apr 04 2024 - 16:32
Some €100bn in excess corporate tax could be saved in new sovereign wealth fund

Some €100bn in excess corporate tax could be saved in new sovereign wealth fund

Legislation published to establish two new state funds aimed at future-proofing the State’s finances

Thu Apr 04 2024 - 14:13
Unemployment rises to 4.3% in March

Unemployment rises to 4.3% in March

Latest data indicate there were 122,100 people classified as unemployed last month

Thu Apr 04 2024 - 11:51
Irish workers twice as productive as EU counterparts, CSO figures show

Irish workers twice as productive as EU counterparts, CSO figures show

Employees here added on average €97.10 to the value of the economy for every hour they worked in the final quarter of 2023

Wed Apr 03 2024 - 12:27
Euro zone inflation falls more than expected, firming path to June interest rate cut

Euro zone inflation falls more than expected, firming path to June interest rate cut

Eurostat’s latest flash estimate of the Harmonised Index of Consumer Prices (HICP) for the currency bloc as a whole was 2.4% in March

Wed Apr 03 2024 - 10:57
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