Week closes on positive note as attention turns to US Fedearal Reserve
Expectations of a hefty rate cut in Washington growing while Bank of England is expected to hold fire following last month’s cut
The latest news, comment, and features on Irish bank AIB
Expectations of a hefty rate cut in Washington growing while Bank of England is expected to hold fire following last month’s cut
The €13 billion from the Apple case will not be available to use until March, while further €3 billion from sale of AIB shares is also available
Banking stocks rise on Irish market as Ryanair retreats
The ECB is expected to cut interest rates today and also make a second, technical change to rate used to price tracker mortgages
iPhone maker Apple recorded revenue of just under €200bn; while Google, Microsoft and Meta are all ranked in the top five
Heightened spend reflects surge in stock repurchases on both sides of the Atlantic following drop-off in 2023
Average ticket spend on August 31st was 300% higher than year so far
Dublin’s Iseq All-Share index dropped 1.1 per cent to 9,571.96 on Friday
US employment numbers due on Friday
Firms reported accelerating growth in new business last month, finds AIB purchasing managers index
Minister for Finance also discusses renewable energy investment with Britain’s new chancellor Rachel Reeves during trip to London
US markets close for Labor Day, while traders contemplate September, which can be treacherous month for markets
Latest transaction sees State’s stake in lender fall to 22.04% from 71% in 2022
Stoxx 600 Index has rallied for the past four straight weeks, longest streak since March
Irish banks have a mixed day as Datalex enjoys bounce
Market in Dublin climbs 0.5% as it is buoyed by a strong showing from budget airline Ryanair following O’Leary comments
After you have paid off more expensive debt, overpaying a mortgage may deliver better returns
US Federal Reserve chair Jerome Powell says ‘the time has come’ to cut interest rates
Shortlisted entries will be exhibited at the National Gallery of Ireland from November
Iseq index adds 0.3% as financials move higher
It is hard to see the Garda credit union evicting a member of the force and selling their home.
Investors awaiting interest rate clues from Jackson Hole
Finding the balance between security, investment and customer experience is something most lenders still need to work on
Sentiment boosted by upbeat global economic data, although some analysts cautioned investors against complacency
Department of Finance officials made clear State’s holding dropping below 25% would not impact pay restrictions at lender
Iseq index slips 0.4% amid declines for Glanbia and Ryanair
But pub and restaurant spending slumps amid ongoing consumer pullback
Global markets recover much of ground lost in previous few days
European stocks were flat after latest US jobless claims data helped ease concerns of slowdown
Introduction of new building regulations this year increases upside for consultancy sector, says ORS chief
Euronext Dublin rose 0.6% but traders note market muted with trading volumes down about 25%
Banks are getting 3.75% on your savings with the Central Bank and paying you an average of 0.13% in a demand deposit account
Financials and tech stocks worst hit as indices show a sea of red
Bank sees full-year net interest income amounting to about €4bn, up from previous €3.65bn-plus projection
Iseq index down almost 1.8% as AIB and Bank of Ireland slip after PTSB’s strong results
Mark Bourke says shareholders agree ‘overcapitalised’ Novo Banco should no longer be barred from paying dividends
The best news, analysis and comment from The Irish Times business desk
While the higher interest rate environment has led to improved profitability in recent years, it has not made bank business models any more sustainable, Sharon Donnery said
Inside Business podcast with Ciarán Hancock
Chambers has the opportunity to decouple the sale of Government’s stake from the issue of executive remuneration, and there are good reasons to consider doing so
Standout performer in Dublin was healthcare services group Uniphar, which finished up 6.8% after positive trading update
The best news, analysis and comment from The Irish Times business desk
Irish market ends the day down, with Dalata and Glanbia the big fallers
The best news, analysis and comment from The Irish Times business desk
Online banks are the cats who get the cream in Ireland and should be hit with a super levy in Budget 2025
Seen and Heard: AIB and Bank of Ireland dividends; Cairn Homes deal in Bray; investment giants pushback against the Central Bank; Paddy Power racing remarks
Clunky online services are bad enough but not telling customers what they need to know to operate them is just daft
Waterford City and County Council moves against Aperee Living Ballygunner which is now in receivership and seeking a buyer
European shares boosted by strong earnings reports while tech stocks mostly bounce back on Wall St
Brokers Ireland says anyone who has not reviewed their home loan in a while is likely missing out on savings
Joseph Kennedy claims Everyday Finance should be disentitled to order as its application contains “lies”
Crosswords & puzzles to keep you challenged and entertained
Inquests into the nightclub fire that led to the deaths of 48 people
How does a post-Brexit world shape the identity and relationship of these islands
Weddings, Births, Deaths and other family notices