Business News

Ireland faces scrutiny from Trump’s US over $36bn surplus

5th April 2017

Ireland’s economic model is set to come under unprecedented scrutiny after the Trump administration launched an investigation into its trade relations with “partners” around the world. New data shows that Ireland currently has the most favourable trade with the US of any country in Europe bar Germany. It should be good news, showing we export […]

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Fears for Irish exporters as UK construction slows

5th April 2017

A slowdown in the growth of UK construction activity has added to fears that the country’s economy may be starting to cool. March saw only a marginal rise in new work across the British construction sector, with a weak rise in home building in particular. Any fall-off in activity in the sector is bad news […]

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State may take lower price to get top investors to buy into AIB

4th April 2017

The Government is considering roping in a handful of blue-chip investors to anchor AIB’s shareholder base when it sells €3bn of shares in the bank this summer. But any move to restrict smaller hedge funds and opportunist investors from piling into the deal could mean a lower price for the State when it sells the […]

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Claim that Gleeson ‘took cash from tills’

4th April 2017

ACCOUNTANT Patrick Burke has strongly disputed claims by publican Frank Gleeson related to a dispute over the merger of the Mercantile/Capital chains of well-known Dublin pubs, hotels and restaurants. Mr Burke was responding after Mr Gleeson claimed that he had behaved unethically and unprofessionally. In reply, Mr Burke said Mr Gleeson made the claim because […]

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Development bias to hurt economy – CIF

4th April 2017

Low levels of infrastructure development in regional areas will “fundamentally undermine” Ireland’s economic performance in the next decade, the Construction Industry Federation (CIF) has claimed. CIF president Dominic Doheny said a lack of strategic planning and the impact of demographic trends has resulted in Dublin becoming the focal point for economic growth in Ireland. The […]

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High tax rates ‘killing job creation here and stunting our growth’

3rd April 2017

High personal tax rates are holding back the establishment and growth of businesses and stunting job creation, a major report warns today. Ireland needs to slash personal tax rates to create jobs and secure a Brexit dividend as the UK leaves the EU, according to leading entrepreneurs. Nearly three-quarters said the overall cost of doing […]

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Help-to-Buy scheme fuels surge in house prices

3rd April 2017

House prices soared 9pc in a year on the back of new buyers clamouring to get hold of property in limited supply. The ‘Help-to-Buy’ scheme and looser credit conditions are expected to push Irish house-price inflation into double figures this year, amid fears the housing bubble is back. Economists have questioned the need for the […]

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Development bias to hurt economy – CIF

3rd April 2017

Low levels of infrastructure development in regional areas will “fundamentally undermine” Ireland’s economic performance in the next decade, the Construction Industry Federation (CIF) has claimed. CIF president Dominic Doheny said a lack of strategic planning and the impact of demographic trends has resulted in Dublin becoming the focal point for economic growth in Ireland. The […]

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Ireland renews its push to lure firms away from UK

31st March 2017

Luxembourg has claimed a legal right to grab the European Banking Authority for itself after Brexit, despite pitches from Ireland and other states to host the EU institution. Dublin’s ability to lure financial firms post Brexit got a much-needed boost yesterday after the Royal London Mutual Insurance Society picked Ireland as its future EU base, […]

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Nama set for loan sale as AIB nears €300m BTL deal

31st March 2017

The National Asset Management Agency is preparing to sell a portfolio of loans tied to the late Cork developer Owen O’Callaghan. It is understood a formal auction for the partially-peforming loans, bundled together under the name Project Lee, could be underway by May or June. The Irish Independent has established that this latest sell-off of […]

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