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Corporate tax windfall likely to hit €23bn this year, exceeding Government forecasts

Corporate tax windfall likely to hit €23bn this year, exceeding Government forecasts

Corporate tax generated a record €21.1 billion for the first 11 months of the year, which is €7.6 billion ahead of the same period last year.

Mon Dec 05 2022 - 05:00
Ireland’s top firms focusing more on ESG issues

Ireland’s top firms focusing more on ESG issues

Spencer Stuart report shows ESG increasingly important for listed firms

Mon Dec 05 2022 - 05:00
Services activity slows to ‘crawl’ amid recession fears

Services activity slows to ‘crawl’ amid recession fears

Services PMI is closely watched measure of health of the economy

Mon Dec 05 2022 - 00:01
How EU made a fundamental error when determining Irish house prices are not overvalued

How EU made a fundamental error when determining Irish house prices are not overvalued

Are house prices too high? The Commission doesn't seem to think so

Sun Dec 04 2022 - 12:24
State’s domestic economy contracts as cost-of-living challenges mount

State’s domestic economy contracts as cost-of-living challenges mount

Economic activity, as measured by modified domestic demand (MDD), falls by 1.1 per cent between July and September

Fri Dec 02 2022 - 12:07
Housing targets under major threat amid slump in homebuilding

Housing targets under major threat amid slump in homebuilding

CSO figures point to a sharp slowdown in residential construction on foot of increasing costs

Fri Dec 02 2022 - 03:00
European stocks close above three-month high on Fed, China cheer

European stocks close above three-month high on Fed, China cheer

Stoxx 600 up 0.9%, scaling highs last seen in August

Thu Dec 01 2022 - 19:44
Insurance customers mistakenly believe loyalty is rewarded, study finds

Insurance customers mistakenly believe loyalty is rewarded, study finds

Central Bank report examines engagement and switching patterns among car and home insurance consumers

Thu Dec 01 2022 - 15:13
Homebuilding slumps by 16% as construction inflation soars

Homebuilding slumps by 16% as construction inflation soars

CSO figures point to a slowdown in construction output on foot of increasing costs

Thu Dec 01 2022 - 12:34
Beacon Hospital swings back into profit as pandemic wanes

Beacon Hospital swings back into profit as pandemic wanes

Turnover at private facility rose 24 per cent to €188.5 million last year, accounts show

Thu Dec 01 2022 - 05:00
Card spending falls in October as cost-of-living pressures mount

Card spending falls in October as cost-of-living pressures mount

Central Bank data can be leading indicator of trends in wider economy

Wed Nov 30 2022 - 13:37
Unemployment still at two-decade low despite souring outlook

Unemployment still at two-decade low despite souring outlook

Latest official figures put headline jobless rate at two-decade low of 4.4%

Wed Nov 30 2022 - 11:44
Wages rising at half the rate of inflation, CSO figures show

Wages rising at half the rate of inflation, CSO figures show

Average weekly earnings rose at an annual rate of 3.2 per cent in the third quarter while inflation was approximately 8 per cent

Tue Nov 29 2022 - 14:31
New Greencore boss says sandwich business more recession-proof than most

New Greencore boss says sandwich business more recession-proof than most

Group operating profit at Greencore increased to £52.1 million (€60.3 million) for the 12 months to September 22 from £42.8 million the year before

Tue Nov 29 2022 - 07:58
It’s depressing that two big trends driving Ireland’s housing crisis continue unabated

It’s depressing that two big trends driving Ireland’s housing crisis continue unabated

Two decades on and the State’s housing woes are as bad as ever while the arguments about what the solution is continue

Sun Nov 27 2022 - 12:09
AmCham: McGrath hails Ireland’s ‘unique relationship’ with US

AmCham: McGrath hails Ireland’s ‘unique relationship’ with US

Minister for Public Expenditure addresses American Chamber of Commerce Ireland Thanksgiving lunch

Thu Nov 24 2022 - 16:15
Nearly two-thirds of US multinationals in State expect to hire employees over next 12 months

Nearly two-thirds of US multinationals in State expect to hire employees over next 12 months

Survey by American Chamber of Commerce Ireland suggests housing is top concern for members

Thu Nov 24 2022 - 13:37
Employment in Irish economy rises 650,000 since low point of financial crisis

Employment in Irish economy rises 650,000 since low point of financial crisis

CSO’s latest Labour Force Survey shows employment hit new record high of 2.55 million in Q3 of 2022

Thu Nov 24 2022 - 13:05
Nearly half of €93bn paid in tax last year came from income

Nearly half of €93bn paid in tax last year came from income

CSO data highlights growing importance of sources such as corporation tax

Wed Nov 23 2022 - 15:18
Almost 900,000 people experiencing ‘enforced deprivation’ in Ireland

Almost 900,000 people experiencing ‘enforced deprivation’ in Ireland

More than 17% of households now unable to pay for some basic items

Wed Nov 23 2022 - 12:12
Rising prices stalling Irish economy’s post-Covid recovery, budgetary watchdog finds

Rising prices stalling Irish economy’s post-Covid recovery, budgetary watchdog finds

Irish Fiscal Advisory Council warns growth will slow next year as cost-of-living pressures hurt real incomes

Wed Nov 23 2022 - 00:15
OECD warns of year-long recession as global economy stagnates

OECD warns of year-long recession as global economy stagnates

Paris-based agency says falling real incomes will hold back consumer spending in Ireland until the middle of next year

Tue Nov 22 2022 - 10:46
Average Dublin advertised rents rise to €2,258, up 14.3%, amid ‘extreme shortage’

Average Dublin advertised rents rise to €2,258, up 14.3%, amid ‘extreme shortage’

Daft.ie says there were fewer 1,100 homes available to rent nationwide on its website at the beginning of November

Tue Nov 22 2022 - 05:10
Despite the warnings, Ireland’s tax boom is getting boomier

Despite the warnings, Ireland’s tax boom is getting boomier

US report suggests corporate tax receipts this year may top State’s €21bn forecast, and Apple again appears to have a starring role in that

Sun Nov 20 2022 - 12:08
CRH has worst pay disparity of any FTSE 100 company

CRH has worst pay disparity of any FTSE 100 company

Latest Responsibility 100 index shows Albert Manifold’s €13.9m pay packet was 289 times CRH’s median wage

Fri Nov 18 2022 - 15:58
Tullamore Dew owner reports €4.3m loss for 2021 on back of pandemic, Brexit and US tariffs

Tullamore Dew owner reports €4.3m loss for 2021 on back of pandemic, Brexit and US tariffs

William Grant and Sons Irish Manufacturing Limited also warn of highly uncertain global outlook

Fri Nov 18 2022 - 12:10
Poorer households experiencing significantly higher inflation, CSO study finds

Poorer households experiencing significantly higher inflation, CSO study finds

Research suggests headline price growth was two percentage points higher for those on the lowest incomes

Fri Nov 18 2022 - 12:06
Permanent TSB to raise fixed mortgage and deposit rates in response to ECB changes

Permanent TSB to raise fixed mortgage and deposit rates in response to ECB changes

Permanent TSB becomes latest lender to raise rates in response to ECB moves

Fri Nov 18 2022 - 07:40
Government housing expenditure likely to undershoot €4bn target this year

Government housing expenditure likely to undershoot €4bn target this year

Figures supplied by way of a parliamentary question indicate spending to the end of September was €1.2 billion

Thu Nov 17 2022 - 05:00
Property markets may be at turning point, ECB warns

Property markets may be at turning point, ECB warns

Frankfurt highlights potential reversal in real estate among challenges facing the EU

Wed Nov 16 2022 - 18:52
Government could raise €15bn by following tax commission’s proposals

Government could raise €15bn by following tax commission’s proposals

Budgetary watchdog assesses recommendations in commission’s report

Wed Nov 16 2022 - 13:04
House price inflation slows again as higher borrowing costs cool market

House price inflation slows again as higher borrowing costs cool market

Latest official figures show price growth fell to 10.8 per cent in September

Wed Nov 16 2022 - 11:15
Children’s science museum’s cost would exceed estimates of €47m, OPW admits

Children’s science museum’s cost would exceed estimates of €47m, OPW admits

Planning proposals for science centre draw 17 third-party observations

Wed Nov 16 2022 - 05:00
Donohoe accuses Sinn Féin of ‘demonising’ landlords

Donohoe accuses Sinn Féin of ‘demonising’ landlords

Donohoe tells finance committee that the cost of the scheme in terms of tax forgone was €5.5m

Tue Nov 15 2022 - 13:20
Exports surge to almost €20bn in September on back of roaring pharma trade

Exports surge to almost €20bn in September on back of roaring pharma trade

Value of Irish goods exports increased by €4.8bn in September compared with same month last year

Tue Nov 15 2022 - 12:22
Most buyers of Owen Reilly group’s €1m period homes require no mortgage funding

Most buyers of Owen Reilly group’s €1m period homes require no mortgage funding

Report by real estate group Owen Reilly also reveals that majority of purchasers are Irish people and limited demand from international buyers

Mon Nov 14 2022 - 18:36
Shhh, don’t mention the Brexit war

Shhh, don’t mention the Brexit war

The British economy is headed for a deeper and longer recession than its peers

Mon Nov 14 2022 - 11:03
Big Tech crunch: How badly could Ireland be bitten?

Big Tech crunch: How badly could Ireland be bitten?

Colossal amounts of corporate and income tax are derived from the ICT sector. But as tech giants apply brakes and announce layoffs, indigenous firms may benefit from the staff they liberate

Fri Nov 11 2022 - 03:00
Irish mortgage rates fell in September but drop will not last

Irish mortgage rates fell in September but drop will not last

Data shows average interest rate on new mortgages fell by six basis points in September

Wed Nov 09 2022 - 16:32
Wage growth accelerates on back of inflation and staff shortages

Wage growth accelerates on back of inflation and staff shortages

Research by Central Bank and Indeed reveals that wages rose at annual rate of 4.7% in October

Wed Nov 09 2022 - 00:01
House prices to continue rising despite economic slowdown, says leading estate agent

House prices to continue rising despite economic slowdown, says leading estate agent

Market unlikely to have price correction due to ongoing supply problem, according to Sherry FitzGerald

Tue Nov 08 2022 - 05:00
European shares at seven-week peak as travel stocks shine

European shares at seven-week peak as travel stocks shine

Ryanair and PaddyPower Betfair Flutter drive Dublin’s Iseq higher

Mon Nov 07 2022 - 20:13
Real household income across OECD declines for third straight quarter as price squeeze intensifies

Real household income across OECD declines for third straight quarter as price squeeze intensifies

Paris-based organisation says real household income per capita declined by 0.5 per cent in the second quarter of 2022

Mon Nov 07 2022 - 12:32
Live Register total falls again as labour market continues to tighten

Live Register total falls again as labour market continues to tighten

Latest data show a further 800 people came off the register in October

Mon Nov 07 2022 - 12:27
Ireland among least tax-competitive countries in OECD, says Washington-based think tank

Ireland among least tax-competitive countries in OECD, says Washington-based think tank

Tax Foundation ranks the State 35th of 38 OECD countries in terms of overall tax competitiveness

Mon Nov 07 2022 - 06:30
French central bank chief forecasts three-year fight against inflation

French central bank chief forecasts three-year fight against inflation

Villeroy de Galhau warns not to stop hikes until underlying inflation calms

Mon Nov 07 2022 - 05:00
Irish consumers paying more for renewable electricity than necessary, lobby group claims

Irish consumers paying more for renewable electricity than necessary, lobby group claims

Irish Solar Energy Association says auction prices for renewable projects are rising unnecessarily

Mon Nov 07 2022 - 00:01
Kerry Co-op shareholders plan to force vote on deal to purchase legacy milk business

Kerry Co-op shareholders plan to force vote on deal to purchase legacy milk business

Farmers uneasy about how co-op plans to finance purchase of Kerry’s legacy dairy business

Mon Nov 07 2022 - 00:00
Is Big Tech the canary in the economic coal mine?

Is Big Tech the canary in the economic coal mine?

Technology firms announce lay-offs and hiring freezes in response to worsening economic conditions

Sun Nov 06 2022 - 11:25
Inflation across OECD countries surges to 34-year high of 10.5%

Inflation across OECD countries surges to 34-year high of 10.5%

Paris-based organisation says double-digit inflation was recorded in 19 of 38 OECD countries,

Thu Nov 03 2022 - 12:17
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