Business News

Govt publishes strategy for future needs of business

11th March 2019

The Government is publishing details of a new approach to the future needs of businesses and workers. Called Future Jobs Ireland, the aim is to prepare people and companies for coming technological changes and the move to a low-carbon economy. The Department of Business, Enterprise and Innovation says the policy is needed to ensure there […]

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Workers priced out of housing market by cash-rich investors

8th March 2019

First-time buyers are facing stiff competition from housing associations, investment firms and State bodies when trying to buy homes, a new report says. Known as non-household buyers, they now make up 22pc of purchases for newly built homes, up from 7pc in 2010. The latest housing monitor from the Irish Banking and Payments Federation says […]

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Bolder than expected: ECB pushes out rate hike and showers banks with yet more cash

8th March 2019

The European Central Bank pushed out the timing of its first post-crisis rate hike until 2020 at the earliest and offered banks new rounds of multi-year loans in a bid to revive the currency bloc’s slowing economy, it said on Thursday. The bolder-than-expected move showed ECB was having to revisit plans to dial back its […]

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More women holding top roles in Ireland – but gender balance action ‘must not be rushed’

8th March 2019

More women are holding senior management roles in Ireland but, while gender balance at the top level is still a way off, the strategy to address the issue must not be rushed according to the head of Grant Thornton in Ireland. Grant Thornton International’s latest Women in Business report ranks Ireland eighth out of 35 […]

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Modest pick up in mortgage approvals in January

7th March 2019

The number of mortgages approved by banks here fell by 3.4% in the year to the end of January, new figures show. The drop came despite a modest monthly increase in the volume of home loans given the green light during the first month of the year. In total, the Banking and Payment Federation Ireland […]

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Modest pick up in mortgage approvals in January

7th March 2019

The number of mortgages approved by banks here fell by 3.4% in the year to the end of January, new figures show. The drop came despite a modest monthly increase in the volume of home loans given the green light during the first month of the year. In total, the Banking and Payment Federation Ireland […]

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Group warns of impact of Brexit legislation on duty free sales

7th March 2019

An organisation representing those involved in sales of duty free here has warned Government changes to draft laws designed to prepare the country for a no-deal Brexit will prevent the sale of such products at Irish airports. Expressing its concern about the amendments to the bill, the Irish Duty Free Alliance (IDFA) said the changes […]

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Group warns of impact of Brexit legislation on duty free sales

7th March 2019

An organisation representing those involved in sales of duty free here has warned Government changes to draft laws designed to prepare the country for a no-deal Brexit will prevent the sale of such products at Irish airports. Expressing its concern about the amendments to the bill, the Irish Duty Free Alliance (IDFA) said the changes […]

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Central bankers’ bank warns of danger of bonds to markets

7th March 2019

A SURGE in the supply of corporate debt in the riskiest investment-grade category may leave markets vulnerable to a rout if economic weakness triggers bouts of rating downgrades, according to the Bank for International Settlements. The BIS is the central bankers’ central bank and provides policy advice as well as acting as a forum for […]

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EU budget contributions rise hits Exchequer surplus

6th March 2019

The Exchequer surplus for February came in lower than expected at €139m, according to Department of Finance data issued yesterday. That compares with €217m a year ago and a forecast of a rise in the surplus to €325m by Cantor Fitzgerald. The Department of Finance said that there was an increase in non-voted current spending, […]

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