Only a quarter of vacant properties financially viable for renovation, report findsSociety of Chartered Surveyors Ireland study highlights high costs and regulatory barriers faced by people trying to restore vacant propertiesWed Mar 22 2023 - 00:01
National Lottery to be sold as Canadian pension fund owner plans Irish exitOntario Teachers’ Pension Plan hires Swiss bank UBS to advise on possible sale of Irish gaming franchiseTue Mar 21 2023 - 15:58
Lagarde insists there’s no conflict between higher interest rates and financial stabilityECB president warns banks to prepare for slower economic growth, higher funding costs and lower lending volumesMon Mar 20 2023 - 20:14
Irish banks face higher costs but appear insulated from wider Credit Suisse fallout, analysts sayBut decision to burn Credit Suisse bondholders raises prospect of higher borrowing costsMon Mar 20 2023 - 19:34
Smurfit Kappa wraps up its Russian operations, crystallising €128m financial hitIseq-listed packaging company confirms it has completed its exit from the Russian market announced last AprilMon Mar 20 2023 - 11:13
ECB backed itself into a corner ahead of interest rate hikeECB has a credibility issue as it was clearly caught out by the initial surge in inflation, downplaying it as short-term fallout from CovidSun Mar 19 2023 - 14:21
Rapid hike in interest rates has led to ‘financial vulnerabilities’, OECD warnsAgency’s interim outlook says interest rates likely to peak at 4.25% in euro zone and 5.25-5.5% in USFri Mar 17 2023 - 12:08
ECB rate hike raises costs for almost 250,000 mortgage holdersHalf-point interest rate rise will add €1,000 a year on a €300,000 mortgage, as Varadkar says banks ‘cannot have it both ways’ on ratesFri Mar 17 2023 - 01:00
Markets dial down expectations for further ECB hikes after half-point increaseFrankfurt’s latest decision comes amid major market turbulence linked to overnight bailout of Swiss lender Credit SuisseThu Mar 16 2023 - 18:19
Inflation in Irish economy unexpectedly rises to 8.5% in FebruaryAnnualised price growth in Irish economy lifts again, adding to fears that inflation may prove stickier than previously thoughtThu Mar 16 2023 - 11:50
Number of ICT workers shrinks as tech job cuts feed throughCSO’s new dataset on monthly estimates of payroll employees points to continued momentum in economyWed Mar 15 2023 - 14:55
Property prices fall for first time in nearly three years as interest rates biteYear-on-year inflation in Dublin fell to 4.3% as higher borrowing costs slows marketWed Mar 15 2023 - 11:17
DAA rejects claims it is in breach of planning permission over north runwayAirport operator says revised flight paths from the north runway became operational on February 23rdWed Mar 15 2023 - 09:03
Keyword Studios sees revenue jump by 35% to €691m on back of ‘sustained demand’Irish video game specialist says it is continuing to enhance its technology platform through both acquisitionWed Mar 15 2023 - 07:33
OECD unemployment at record low of 4.9% despite interest rates hikes and inflation pressuresStrength of labour markets globally has confounded policymakersTue Mar 14 2023 - 17:22
€4.7bn invested in Irish real estate last year despite ‘turbulence in global economy’€4.7bn invested in Irish real estate last year despite ‘turbulence in global economy’Tue Mar 14 2023 - 17:14
As Rishi Sunak begins to soften Brexit, it must be asked: what was it all about?UK prime minister begins process that will most likely see UK moving back towards the EU as Johnson and co fade awaySun Mar 12 2023 - 11:49
Glanbia boss Siobhán Talbot sees salary jump 73% to nearly €6mManaging director’s pay hike comes as Kilkenny-based food group posts record revenues for last yearFri Mar 10 2023 - 19:28
Wrights group in running to operate Dún Laoghaire’s Pavilion Cafe Hospitality group eyes lucrative €7.7m contract to run restaurant and cafe unitFri Mar 10 2023 - 16:50
Number of planning permissions for new homes drops sharplyCSO data point to 20.5 per cent fall-off in number of dwelling units granted planning in 2022 with apartment permissions showing the steepest fallFri Mar 10 2023 - 12:33
Thousands of mortgage holders face payment shock as their fixed-rate contracts expireMortgage expert says Republic is more exposed than other countries because of relatively short fixed ratesThu Mar 09 2023 - 16:41
Irish mortgage rates rise sharply in January as squeeze on mortgage holders tightensCentral Bank data shows average interest rates applying to new Irish mortgage agreements rose by 24 basis points in JanuaryThu Mar 09 2023 - 14:29
Value of Irish agricultural output jumps 24% to €12.6bn on back of higher pricesCSO figures show most of the increase last year was driven by higher prices paid for basic foodstuffs globallyThu Mar 09 2023 - 13:03
Irish households save €1 for every €4 they spendLatest CSO data shows households are saving at an even higher rate than during pandemicThu Mar 09 2023 - 12:12
Tax code review to weigh indexation and Taoiseach’s 30% rate proposalReview will consider issues including income tax, USC and PRSIWed Mar 08 2023 - 12:17
Irish inflation will ease to average of 5% this year, Central Bank expects Higher prices and rising interest rates will temper the pace of growth this year and next, Central Bank warnsWed Mar 08 2023 - 00:15
OECD inflation falls again but rate of decline slowsHeadline rate fell to 9.2 per cent in January with declines recorded in half of OECD countriesTue Mar 07 2023 - 13:01
Kingspan imposes new internal carbon tax on itself to drive down emissionsInsulation specialist adopts new measures in attempt to cut emissions by 90% by the end of the decadeTue Mar 07 2023 - 06:00
ECB signals further interest rate rises beyond March European Central Bank chief economist says February inflation numbers pointed to stronger-than-expected pressures from food-related costs and wagesMon Mar 06 2023 - 16:11
Irish consumers get mixed signals on inflation as ECB gears up for more rate hikesAt no time in the last four years has there been more confusion, more mixed signals about the future direction of the global economySun Mar 05 2023 - 13:03
European shares rise but stubborn inflation caps gainsData from Spain, France and Germany indicate inflation remains sticky, fuelling fears ECB may extend hawkish sentimentThu Mar 02 2023 - 18:24
VAT receipts deliver €4bn exchequer boost on back of higher inflationData for first two months shows VAT has generated €700m more than at same point last yearThu Mar 02 2023 - 16:32
Irish unemployment falls to new post-crash low of 4.3%Latest CSO figures point to tight labour market despite inflation crisis, with challenging recruitment conditions for employersWed Mar 01 2023 - 11:24
Irish inflation unexpectedly rises to 8% in FebruaryAnalysts had been pencislling in another drop in the rate of price growthWed Mar 01 2023 - 11:12
Glanbia’s Optimum Nutrition becomes company’s first billion dollar brandKilkenny-based food group also announces sale cheese business to partner Leprino Foods for €160 million.Wed Mar 01 2023 - 07:31
Average weekly earnings in Irish economy rose 4.2% last yearPublic sector wage agreement included backdated element that inflated the annual increase for civil servants, CSO figures showTue Feb 28 2023 - 13:08
Retail sales rise slightly in January despite inflationary pressures Latest figures indicate Irish consumers spent more on clothing and footwear but less in bars and department stores at the start of the yearTue Feb 28 2023 - 11:51
Mortgage activity increases despite higher borrowing costsNumber and value of mortgages approved in January rose, according to Banking & Payments Federation IrelandTue Feb 28 2023 - 00:15
European stocks jump higher as investors upbeat over post-Brexit dealGlobal markets had taken a knock-back on Friday after new price index figures revealed US inflation unexpectedly ticked up last monthMon Feb 27 2023 - 18:08
Number of second-hand homes listed for sale falls to new record lowJust 15,140 second-hand homes available to buy in January, down 26% on pre-pandemic, says estate agentMon Feb 27 2023 - 15:23
Gas demand recedes due to mild weather Figures from Gas Networks Ireland show natural gas remains the primary source electricity generation in IrelandMon Feb 27 2023 - 06:00
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 activityMon Feb 27 2023 - 05:30
Marks & Spencer’s Irish business returns to profit after ‘lost year’ of pandemicUK retailer made a pretax profit in excess of €31m for the 52 weeks up to April 2nd last yearMon Feb 27 2023 - 05:15
Ibec predicts inflation to fall under 4% this year as energy prices stabiliseEasing inflationary momentum and resilient global demand to boost growth in Irish economy, says employers’ groupMon Feb 27 2023 - 05:00
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 workersSun Feb 26 2023 - 14:40
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 saversSun Feb 26 2023 - 08:12
McGrath says inflation will fall more rapidly than expectedMinister for Finance says inflation in the Irish economy will now average 4-5% this year on the back of falling energy pricesFri Feb 24 2023 - 21:17
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 exitFri Feb 24 2023 - 19:15
Irish consumer sentiment lifts slightly as inflation moderatesLatest Credit Union index suggests that cost-of-living pressures remain significant but are not quite as bad as fearedFri Feb 24 2023 - 05:00
Labour shortages driven by housing and childcare ‘shortcomings’, Varadkar saysTaoiseach Leo Varadkar highlights infrastructural issues in housing, education and childcare that undermine Irish economyThu Feb 23 2023 - 20:26
