Business News

Sterling reaches 2-month high

23rd January 2019

Sterling jumped to a 2-month high against the euro after strong employment data suggested Britain’s labour market remained robust despite an economic slowdown ahead of Brexit. The pound slumped 7% in 2018 on Brexit concerns but it has started the year on the front foot with some investors viewing medium-term sterling valuations as decently priced. […]

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Buyer beware: How bargains being offered by supermarkets are often bad for your health

23rd January 2019

More than a third of products on special offer in Irish supermarkets are high in fat, sugar or salt, according to new research. Some 35pc of food and drink being sold at bargain prices was found to fall into this category. Worryingly, the balance is even further skewed in convenience stores where it is as […]

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Car loans top list as huge numbers of consumers plan to borrow from their credit union

23rd January 2019

Huge numbers of people say they plan to borrow from their credit union this year, is what is set to be a major boost for the lenders. They mostly want the money to buy cars, with mortgages, holidays and third-level education also featuring as reasons for borrowing. Consumers plan to borrow an average of €8,558, […]

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Fresh battle plan to lure UK tourists after Brexit

22nd January 2019

Tourism Ireland is set to unveil a new strategy to lure holidaymakers from the UK as it risks crashing out of the European Union with no deal and putting its economy in peril. Tourism Ireland chief executive Niall Gibbons refused to be drawn on the details of the new battle plan, but said it would […]

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Don’t get left out in the cold: switching energy supplier could save you €260 a year

22nd January 2019

SWITCHING energy supplier is extremely quick and easy and it can all be done online in the space of a few minutes. There’s no need for any messy paperwork or to give 30 days’ notice to your current provider before cancelling. In fact you don’t even have to contact your current supplier to let them […]

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Sterling gains following May’s Brexit ‘Plan B’ statement

22nd January 2019

Sterling gained ground following British prime minister Theresa May’s comments that she would seek further concessions from the EU on the Brexit Withdrawal Agreement. Britain’s pound had been volatile ahead of the statement, but later hit session highs against the US dollar after Mrs May promised to be more open with parliament in negotiating the […]

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‘Brexit anoraks say one thing, but the market says something else’

21st January 2019

The political anoraks say one thing. Investors say another. That is how things are shaping up after a tumultuous week in British politics as Theresa May’s Brexit plan was shot down in flames. Arch Brexiteer Jacob Rees Mogg hosted a champagne party as his Grade II listed home following the bruising defeat of the May […]

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ECB rate hike to be delayed as recession risks rise again – poll

21st January 2019

The European Central Bank is expected to wait until the fourth quarter to raise its deposit rate, later than thought just a month ago, according to economists in a Reuters poll. The poll also showed that the chances of a euro zone recession have grown. Reuters polls since June 2018 have predicted that after ending […]

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Check stamp of approval when investing or borrowing money

21st January 2019

Dealing with an unregulated firm or product could leave you with nowhere to turn to if things go wrong. Most of us expect to have somewhere to turn for redress if things go wrong with a loan or investment. This isn’t always the case though. When you borrow money or invest in something, you usually […]

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PayPal offers Irish customers new way to share bills or fundraise together

18th January 2019

PayPal Holdings, the global online payments company, is extending Money Pools – its online community savings product – to Irish consumers. Money Pools allows users to set a group fundraising goal and then share that goal with a group. “We created Money Pools because we felt that there was a need for this type of […]

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