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Northern Ireland’s economy gets shot in the arm from resumption of powersharing

Northern Ireland’s economy gets shot in the arm from resumption of powersharing

Ulster Bank’s latest purchasing managers’ index (PMI) points to pick-up in output, new orders and employment

Mon Jun 10 2024 - 05:30
Construction activity steady but housing still on upward curve

Construction activity steady but housing still on upward curve

Latest BNP Paribas Real Estate Ireland barometer indicates housing and commercial projects continued to increase in May

Mon Jun 10 2024 - 05:00
Ireland’s housing market is a byproduct of three mega-trends

Ireland’s housing market is a byproduct of three mega-trends

Ireland has had a unique experience with housing – centring on a spectacular build-up and blow-up in the 2000s – but it is also a microcosm of a global housing problem

Sun Jun 09 2024 - 13:30
Irish unemployment remains anchored near historic low of 4%

Irish unemployment remains anchored near historic low of 4%

Economists consider a jobless rate of 4% or less in the Irish labour market as tantamount to full employment

Fri Jun 07 2024 - 11:40
C&C plunges after chief executive quits amid accounting errors

C&C plunges after chief executive quits amid accounting errors

Patrick McMahon quits after company takes underlying charge of €5m on previous years’ accounts

Fri Jun 07 2024 - 08:16
ECB’s pivot on rates comes with uncertain outlook

ECB’s pivot on rates comes with uncertain outlook

European Central Bank cuts rates but several data sets point in wrong direction and make further cuts far from predictable

Thu Jun 06 2024 - 16:37
Exchequer returns: Strong tax revenues boost Government’s position ahead of budget

Exchequer returns: Strong tax revenues boost Government’s position ahead of budget

Latest exchequer returns show corporate tax receipts rose by 30 per cent in May, allaying fears that 2024 would see a downturn

Thu Jun 06 2024 - 16:34
ECB cuts interest rates by 0.25 percentage points after two years of hikes

ECB cuts interest rates by 0.25 percentage points after two years of hikes

European Central Bank makes first move lower interest rates after hiking them 10 times since 2022

Thu Jun 06 2024 - 13:16
Irish economy returns to growth in first quarter as IT sector expands

Irish economy returns to growth in first quarter as IT sector expands

CSO figures indicate the economy grew by 0.9 per cent in the first three months of the year

Thu Jun 06 2024 - 11:42
Nearly half of Irish adults believe their 60s will be most expensive decade in retirement

Nearly half of Irish adults believe their 60s will be most expensive decade in retirement

Views expressed changed depending on how close the respondents were to retirement, survey by life insurance company Royal London Ireland finds

Thu Jun 06 2024 - 00:01
Service sector continues to expand but cost pressures remain elevated - survey

Service sector continues to expand but cost pressures remain elevated - survey

Wages and fuel again cited as the main sources of higher costs by respondents, AIB survey finds

Thu Jun 06 2024 - 00:00
Institute of Education seeks to expand campus with plan to redevelop adjoining buildings

Institute of Education seeks to expand campus with plan to redevelop adjoining buildings

Plans include refurbishment of properties at 19 and 20 Leeson Street Lower to provide enhanced facilities

Wed Jun 05 2024 - 14:05
Why the signs indicate the Government could be planning a November election

Why the signs indicate the Government could be planning a November election

Budget 2025 creates a natural window for an election, according to many in the Coalition

Sun Jun 02 2024 - 13:06
Central Bank’s decision to ease mortgage rules has fanned house prices, ESRI report concludes

Central Bank’s decision to ease mortgage rules has fanned house prices, ESRI report concludes

In highly critical review, ESRI describes regulator’s move to ease its borrowing rules for first-time buyers as ‘premature’

Fri May 31 2024 - 16:13
Peter Burke: ‘What’s good for the worker doesn’t have to be bad for the employer’

Peter Burke: ‘What’s good for the worker doesn’t have to be bad for the employer’

The recently appointed Minister for Enterprise knows he has only a short window in which to leave his mark on the portfolio ahead of an election

Fri May 31 2024 - 05:00
CSO appoints first female director general

CSO appoints first female director general

Agency announces Jennifer Banim as its new director general

Thu May 30 2024 - 15:00
Irish inflation unexpectedly rises to 1.9%, CSO says

Irish inflation unexpectedly rises to 1.9%, CSO says

Latest flash estimate for the harmonised index of consumer prices (HICP) shows prices rose by 0.5 per cent during May

Thu May 30 2024 - 11:38
Average weekly earnings rise by 4.7% as workers seek real wage catch-up

Average weekly earnings rise by 4.7% as workers seek real wage catch-up

CSO’s latest earnings data show workers earned an average of €969.12 in the 12 months to the first quarter of 2024

Wed May 29 2024 - 12:41
Retail sales fall as consumers spend less in department stores and bars

Retail sales fall as consumers spend less in department stores and bars

Latest CSO figures show volume of retail sales dropped by 1.2 per cent in April

Tue May 28 2024 - 11:45
Top 7.7% of earners now paying more than half all income tax and USC, report finds

Top 7.7% of earners now paying more than half all income tax and USC, report finds

Parliamentary Budget Office highlights significant concentration risk at heart of income tax system

Tue May 28 2024 - 05:24
Two businesses a day going bust because of rising costs, SFA director warns

Two businesses a day going bust because of rising costs, SFA director warns

Small Firms Association director tells delegates that small businesses accounted for 85 per cent of all shutdowns last year

Mon May 27 2024 - 18:25
McGrath promises ‘substantial’ income tax package in budget

McGrath promises ‘substantial’ income tax package in budget

Minister for Finance says workers are likely to benefit from further changes to income tax system and a fall-off in headline inflation

Mon May 27 2024 - 12:10
From noble ambition to corporate tokenism: the rise and fall of ESG

From noble ambition to corporate tokenism: the rise and fall of ESG

How does electric carmaker Telsa have a lower ESG score than US oil major Exxon, a company that spent decades trying suppress information about climate change?

Sun May 26 2024 - 11:13
‘Ireland is good in a crisis but can’t manage success’, says crisis era mandarin

‘Ireland is good in a crisis but can’t manage success’, says crisis era mandarin

Former secretary general of the Department of Finance John Moran is standing as a candidate to be Limerick’s first directly-elected mayor

Fri May 24 2024 - 05:00
Employment in Irish economy rises but at lowest annual rate in three years

Employment in Irish economy rises but at lowest annual rate in three years

CSO’s latest Labour Force Survey show the number of people employed in the Irish economy stood at 2.7 million in the first quarter of 2024

Thu May 23 2024 - 12:20
Eir revenues increase by 2% as more mobile and broadband customers sign up

Eir revenues increase by 2% as more mobile and broadband customers sign up

Company says broadband and mobile customers rose by 148,000 year on year in first quarter

Thu May 23 2024 - 07:58
Revolut launches savings account with interest of up to 3.49% a year

Revolut launches savings account with interest of up to 3.49% a year

Financial platform tries to steal march on mainstream lenders with higher yielding savings accounts

Thu May 23 2024 - 06:00
SYS Group acquires Cork-based Global Life & Finance

SYS Group acquires Cork-based Global Life & Finance

It is the fourth acquisition for the Tipperary-headquartered financial services company

Wed May 22 2024 - 10:55
Irish consumers want more sustainable food but not to pay for it, UCC survey finds

Irish consumers want more sustainable food but not to pay for it, UCC survey finds

Research into market behaviour launched to coincide with annual food and beverage finance summit in Cork

Wed May 22 2024 - 00:15
European markets lose momentum

European markets lose momentum

Pan-European Stoxx 600 index ended 0.2 per cent lower after hitting a one-week low earlier in the session

Tue May 21 2024 - 17:55
Remote working creating ‘dead zones’ in cities, NY governor tells Irish economic summit

Remote working creating ‘dead zones’ in cities, NY governor tells Irish economic summit

Parts of downtown Manhattan have lost vibrancy due to remote work and overpriced housing, Kathy Hochul says

Tue May 21 2024 - 06:00
ESB jettisons troubled NI business while pumping millions into loss-making British unit

ESB jettisons troubled NI business while pumping millions into loss-making British unit

Energy group decides to axe Northern Ireland retail business in wake of regulatory headaches and dwindling customer base

Sun May 19 2024 - 13:37
McGrath appoints UK economist to Irish Fiscal Advisory Council

McGrath appoints UK economist to Irish Fiscal Advisory Council

Announcement comes ahead of appointment of new chair in wake of departure of Sebastian Barnes last year

Thu May 16 2024 - 18:13
Irish workers among the least productive in Europe, study indicates

Irish workers among the least productive in Europe, study indicates

Research utilised Eurostat data on productivity, focusing on the domestic Irish market economy

Thu May 16 2024 - 17:57
Irish goods exports rise to €53bn in first quarter as pharma trade recovers

Irish goods exports rise to €53bn in first quarter as pharma trade recovers

Latest trade numbers point to modest recovery in pharma exports after 2023 slump

Thu May 16 2024 - 12:36
House price inflation surges to over 7% as supply pressures continue to bite

House price inflation surges to over 7% as supply pressures continue to bite

CSO figures show average values grew at a rate of 7.2 per cent in Dublin in March

Wed May 15 2024 - 18:55
The Government’s small business package unpacked: What is in it and why is it coming now?

The Government’s small business package unpacked: What is in it and why is it coming now?

What measures has the Government introduced or promised and how have they been received?

Wed May 15 2024 - 17:16
Irish economy expected to rebound on back of improving global trade and falling inflation

Irish economy expected to rebound on back of improving global trade and falling inflation

European Commission delivers positive assessment of economic outlook with growth picking up and inflation continuing to moderate

Wed May 15 2024 - 13:00
Stocks edge up as markets await US inflation data

Stocks edge up as markets await US inflation data

Pan-European Stoxx 600 index ends 0.2 per cent higher, with most sectors in positive territory

Tue May 14 2024 - 18:23
Housing starts surge to almost 18,000 in April

Housing starts surge to almost 18,000 in April

Increase takes total for the 12 months to April above 50,000 but that might not translate into 50,000 completions in a year

Tue May 14 2024 - 14:01
New car and home insurance firm enters Irish market

New car and home insurance firm enters Irish market

Outsurance is hoping to translate its model of offering discounts for loyalty instead of traditional no claims bonuses

Mon May 13 2024 - 12:59
Yuno Energy announces another electricity price cut

Yuno Energy announces another electricity price cut

Company is newest supplier of electricity to residential market

Mon May 13 2024 - 07:55
Three big international headwinds that could derail Ireland

Three big international headwinds that could derail Ireland

Sunak’s Rwanda immigration plan, the election of Donald Trump in the US and a stagnating euro zone economy could all be big problems for us

Sun May 12 2024 - 11:45
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
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