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Gas demand recedes due to mild weather

Gas demand recedes due to mild weather

Figures from Gas Networks Ireland show natural gas remains the primary source electricity generation in Ireland

Mon Feb 27 2023 - 06:00
Value of Irish M&A activity falls in 2022 as inflation crisis hits activity

Value of Irish M&A activity falls in 2022 as inflation crisis hits activity

Figures from legal firm William Fry point to modest slowdown in buyout activity

Mon Feb 27 2023 - 05:30
Marks & Spencer’s Irish business returns to profit after ‘lost year’ of pandemic

Marks & Spencer’s Irish business returns to profit after ‘lost year’ of pandemic

UK retailer made a pretax profit in excess of €31m for the 52 weeks up to April 2nd last year

Mon Feb 27 2023 - 05:15
Ibec predicts inflation to fall under 4% this year as energy prices stabilise

Ibec predicts inflation to fall under 4% this year as energy prices stabilise

Easing inflationary momentum and resilient global demand to boost growth in Irish economy, says employers’ group

Mon Feb 27 2023 - 05:00
Will Russia’s ailing economy topple Putin before his military reversals?

Will Russia’s ailing economy topple Putin before his military reversals?

Moscow’s military miscalculation is beginning to play out economically with GDP reversing, oil and gas revenue declining and, perhaps worst of all, the exodus of its youngest and brightest workers

Sun Feb 26 2023 - 14:40
Government U-turn ‘puts 80% of offshore wind projects at risk’

Government U-turn ‘puts 80% of offshore wind projects at risk’

Seen & Heard: Offshore wind projects at risk as Eirgrid and road authority clash while Irish banks benefit from being slow to pass on rising rates to savers

Sun Feb 26 2023 - 08:12
McGrath says inflation will fall more rapidly than expected

McGrath says inflation will fall more rapidly than expected

Minister for Finance says inflation in the Irish economy will now average 4-5% this year on the back of falling energy prices

Fri Feb 24 2023 - 21:17
Global stocks tumble after US figures show  inflation ‘far from over’

Global stocks tumble after US figures show inflation ‘far from over’

Cineworld plunged 43.1% after cinema chain operator said shareholders may see equity wiped out in Chapter 11 exit

Fri Feb 24 2023 - 19:15
Irish consumer sentiment lifts slightly as inflation moderates

Irish consumer sentiment lifts slightly as inflation moderates

Latest Credit Union index suggests that cost-of-living pressures remain significant but are not quite as bad as feared

Fri Feb 24 2023 - 05:00
Labour shortages driven by housing and childcare ‘shortcomings’, Varadkar says

Labour shortages driven by housing and childcare ‘shortcomings’, Varadkar says

Taoiseach Leo Varadkar highlights infrastructural issues in housing, education and childcare that undermine Irish economy

Thu Feb 23 2023 - 20:26
Housing starts rise in January despite increase in construction costs

Housing starts rise in January despite increase in construction costs

Commencement notices for the construction of 2,108 new residential homes nationally were received last month

Thu Feb 23 2023 - 17:19
Two-thirds of Irish workers have some form of private pension

Two-thirds of Irish workers have some form of private pension

CSO data shows pension coverage greatest among workers aged 45-54 years but low among younger workers

Thu Feb 23 2023 - 12:31
Employment in Irish economy surges to new high of 2.57m

Employment in Irish economy surges to new high of 2.57m

Latest CSO figures indicate number of working-age adults in employment increased by 68,600 last year

Thu Feb 23 2023 - 12:14
Fallon & Byrne incurs €4m loss related to liquidation of Rathmines outlet

Fallon & Byrne incurs €4m loss related to liquidation of Rathmines outlet

Food retailer was forced to close its loss-making Rathmines unit in early 2020 but has returned to profitability since then

Thu Feb 23 2023 - 06:15
Councils paying up to 50% more for construction of social housing than they were two years ago, department figures show

Councils paying up to 50% more for construction of social housing than they were two years ago, department figures show

Department of Housing data shed light on high cost of social housing projects even when the units are being built on public lands

Thu Feb 23 2023 - 05:45
Wholesale electricity prices fall 41.4% in January

Wholesale electricity prices fall 41.4% in January

CSO’s latest wholesale price index tracks moderation in energy prices globally

Wed Feb 22 2023 - 11:48
Ireland tops OECD growth charts in final quarter of 2022

Ireland tops OECD growth charts in final quarter of 2022

Paris-based agency highlights strong Irish GDP growth in latest batch of growth numbers for industrialised bloc

Tue Feb 21 2023 - 12:45
Revolut users fall victim to convincing scam text message

Revolut users fall victim to convincing scam text message

Financial Services and Pensions Ombudsman dealing with surge in complaints linked to payments app

Tue Feb 21 2023 - 05:00
Inflation is slowing but will it come back to ECB’s 2% target?

Inflation is slowing but will it come back to ECB’s 2% target?

Some analysts fear price growth will remain elevated at 4-5 per cent for a prolonged period, necessitating higher interest rates

Sun Feb 19 2023 - 11:48
Energy and tech stocks drag markets lower as rate-hike worries resurface

Energy and tech stocks drag markets lower as rate-hike worries resurface

Market optimism fades as fears of more monetary tightening intensifies

Fri Feb 17 2023 - 19:15
Irish economy sees significant decline in its emissions intensity

Irish economy sees significant decline in its emissions intensity

CSO report finds that while output has more than doubled in the past decade, emissions has only risen marginally

Fri Feb 17 2023 - 18:11
Persistently high inflation will damage the credibility of central banks, warns Makhlouf

Persistently high inflation will damage the credibility of central banks, warns Makhlouf

Central Bank governor says ECB has a long way to go before it gets inflation under control

Thu Feb 16 2023 - 19:38
Disposable incomes in Ireland: The counties with the highest and lowest levels

Disposable incomes in Ireland: The counties with the highest and lowest levels

Over one-third of workers countrywide in Dublin city and county during 2020 with 12% in Cork, notes CSO report

Thu Feb 16 2023 - 13:15
Irish inflation eases to 7.8% in January but energy and food costs remain high

Irish inflation eases to 7.8% in January but energy and food costs remain high

Consumer price index has fallen for three consecutive months, fuelling hopes inflation may have peaked

Thu Feb 16 2023 - 11:37
Exports hit record level of €208bn in 2022 on back of buoyant pharma trade

Exports hit record level of €208bn in 2022 on back of buoyant pharma trade

Latest trade numbers show strong performance was driven by pharma exports, which accounted for two thirds of total goods exports last year

Wed Feb 15 2023 - 13:37
Irish house price growth slows to 7.8% as market continues to cool

Irish house price growth slows to 7.8% as market continues to cool

Year-on-year inflation in Dublin falls to 6% as higher interest rates and wider inflationary pressures curb demand

Wed Feb 15 2023 - 11:32
Cost-of-living overtakes climate change as chief concern of Irish consumers

Cost-of-living overtakes climate change as chief concern of Irish consumers

Survey by investment firm Amundi reveals changing priorities of Irish consumers after a year of escalating prices

Wed Feb 15 2023 - 01:00
Finance Ireland to increase variable mortgage rates again

Finance Ireland to increase variable mortgage rates again

Non-bank lender says it will increase variable rate products by 1 per cent from March 16th

Tue Feb 14 2023 - 16:20
Unemployment in OECD remains at 4.9% low despite cost-of-living pressures

Unemployment in OECD remains at 4.9% low despite cost-of-living pressures

Latest jobless barometer corresponded to 33.9 million, the lowest annual level since the series began in 2001

Tue Feb 14 2023 - 15:04
Brexit has changed the North’s constitutional status no matter what the courts say

Brexit has changed the North’s constitutional status no matter what the courts say

The UK’s Supreme Court effectively shut down a legal challenge to the Northern Ireland protocol last week as Brexit grievances grow

Sun Feb 12 2023 - 11:59
Government spending supports €2bn of potentially climate harmful activity, study finds

Government spending supports €2bn of potentially climate harmful activity, study finds

Research by Department for Public Expenditure and Reform examines climate impact of Government spending

Fri Feb 10 2023 - 15:38
Nama may fall short of housing delivery targets due to viability challenges

Nama may fall short of housing delivery targets due to viability challenges

State-backed agency cites interest rates, infrastructure and planning permission as possible constraints on development

Wed Feb 08 2023 - 17:01
Exiting landlords linked to 21,000 property transactions last year

Exiting landlords linked to 21,000 property transactions last year

Sherry FitzGerald warns about impending slowdown in construction, highlighting a fall-off in commencement notices

Wed Feb 08 2023 - 15:37
Real household income rises across OECD as inflation crisis moderates

Real household income rises across OECD as inflation crisis moderates

Results on a country-by-country basis were mixed however

Wed Feb 08 2023 - 15:27
Minister transfers additional €4bn to National Reserve Fund

Minister transfers additional €4bn to National Reserve Fund

Latest transfer brings to €6 billion the total that has been placed in the fund since last year

Tue Feb 07 2023 - 19:05
Hopes of end to price squeeze as OECD inflation slows to 9.4% in December

Hopes of end to price squeeze as OECD inflation slows to 9.4% in December

Headline rate was down from peak of 10.8 per cent in October and lowest level since April last year

Tue Feb 07 2023 - 11:49
Ireland’s economic divide providing a lit match for far right

Ireland’s economic divide providing a lit match for far right

The twin-track, increasingly polarising nature of the Irish economy is being used as ammunition by dark forces

Sun Feb 05 2023 - 11:45
Housing now biggest threat to Ireland’s economic wellbeing

Housing now biggest threat to Ireland’s economic wellbeing

Business leaders say we have reached a tipping point and that unless something is done to improve housing availability, our jobs-rich growth model will stall

Fri Feb 03 2023 - 05:00
Consumer spending and inflation bolster Government’s VAT receipts

Consumer spending and inflation bolster Government’s VAT receipts

Latest exchequer numbers show the State collected €7.5bn in tax in January

Thu Feb 02 2023 - 16:30
Permanent TSB opens for business in former Ulster Bank branches

Permanent TSB opens for business in former Ulster Bank branches

Bank takes over 25 former Ulster Bank branches, expanding its branch network to 98 locations

Wed Feb 01 2023 - 15:52
Unemployment remains anchored at two-decade low of 4.4%

Unemployment remains anchored at two-decade low of 4.4%

Latest CSO figures point to tight labour market despite inflation crisis, with challenging recruitment conditions for employers

Wed Feb 01 2023 - 11:15
Davy doubles growth forecast for Irish economy on ‘less challenging’ global outlook

Davy doubles growth forecast for Irish economy on ‘less challenging’ global outlook

Brokerage predict economy will grow by 6.9 per cent this year, up from a previous forecast of 3.5 per cent, as energy prices fall

Wed Feb 01 2023 - 00:01
‘Sticky’ inflation might see higher interest rates lingering for a while longer

‘Sticky’ inflation might see higher interest rates lingering for a while longer

Price growth may have peaked but economists disagree on how quickly it will revert to more normal levels

Tue Jan 31 2023 - 15:43
Irish inflation falls to 7.7% amid hopes spike in prices may have peaked

Irish inflation falls to 7.7% amid hopes spike in prices may have peaked

Latest flash estimate from CSO points to a softening in headline price growth on the back of lower energy prices

Tue Jan 31 2023 - 11:39
IMF forecasts stronger global growth as inflation eases

IMF forecasts stronger global growth as inflation eases

Washington-based agency said balance of risks remain tilted to the downside while warning Russia’s war in Ukraine could escalate

Tue Jan 31 2023 - 01:30
Residential construction surges but demand still outstrips supply, report finds

Residential construction surges but demand still outstrips supply, report finds

Property database GeoDirectory highlights pick-up in construction while noting prices and rents are still on the rise

Tue Jan 31 2023 - 00:01
Irish economy grew by 12.2% last year despite price squeeze and slowdown internationally

Irish economy grew by 12.2% last year despite price squeeze and slowdown internationally

Latest flash estimate from Central Statistics Office was significantly ahead of expectations and made Ireland the fastest-growing economy in Europe

Mon Jan 30 2023 - 12:42
Housing shortage now a ‘critical barrier’ to growth in Irish economy, Ibec warns

Housing shortage now a ‘critical barrier’ to growth in Irish economy, Ibec warns

Employers’ group says Government must adopt a suite of measures to improve the viability and affordability of homebuilding

Mon Jan 30 2023 - 06:00
Inflation, economic volatility and war displace climate and cyber risks as top threats to business

Inflation, economic volatility and war displace climate and cyber risks as top threats to business

PwC’s annual CEO survey pinpoints changed priorities for business leaders after a year of inflation and war in Ukraine

Mon Jan 30 2023 - 05:30
Ten Irish SMEs win customised supports and ad package from Google to help them flourish online

Ten Irish SMEs win customised supports and ad package from Google to help them flourish online

Winning businesses from across retail and services sectors get leg up from web giant

Mon Jan 30 2023 - 05:15
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