Business News

Permanent TSB agrees potential deal for Ulster Bank loans

23rd July 2021

Shares in Permanent TSB soared over 15% today after it announced a potential deal worth about €7.6 billion to buy some elements of Ulster Bank’s business here. The lender said it has entered into a non-binding Memorandum of Understanding with Ulster Bank owner NatWest regarding a potential acquisition involving certain elements of the Ulster Bank […]

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Final meetings on indoor dining rules

23rd July 2021

Final meetings to agree the legal rules for indoor dining will take place this morning. It is hoped the regulations will be published later today followed by the operational guidelines for the hospitality sector. The Attorney General will meet with government officials and Fáilte Ireland this morning to finalise the legal underpinning for the new […]

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Consumer confidence dips marginally from June’s high

23rd July 2021

Irish consumer confidence dipped marginally in July from the two year high recorded in June, according to the latest consumer sentiment index from KBC Bank Ireland. A still uncertain economic outlook coupled with growing inflation fears, together with practical issues around the reopening and increasing nervousness about the Delta variant of Covid-19 are among the […]

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Guidelines on indoor dining to be outlined

22nd July 2021

Government guidelines on how indoor hospitality will operate from Monday are due to be published shortly. The new measures will allow those who are vaccinated against Covid-19, or have recently recovered from the virus, and their children to eat and drink indoors. President Michael D Higgins yesterday signed the Health Amendment Bill into law, paving […]

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Central Bank seeks to end loyalty penalty for car and home insurance customers

22nd July 2021

The Central Bank has recommended a ban on home and motor insurance customers being charged a loyalty penalty the longer they remain with an insurance provider, a practice known as “price walking”. However, the regulator has stopped short of recommending the outlawing of dual pricing, where new and renewing customers with a similar risk profile […]

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PUP numbers at lowest level since March 2020

22nd July 2021

New figures from the Department of Social Protection show that the number of people getting the Pandemic Unemployment Payment are at the lowest level since early March 2020. Just over 202,000 people received the Pandemic Unemployment Payment this week, a decrease of almost 9,700 on last week. The largest reduction – over 3,000 – was […]

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Covid spending to top €30 billion by end of year

21st July 2021

Minister for Public Expenditure and Reform Michael McGrath will tell his Government colleagues this morning that Covid spending over a 22 month period to the end of this year will top €30 billion. Minister McGrath will update the Cabinet on government spending ahead of the publication of the Mid-Year Expenditure Report. It is understood that […]

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No time limits on indoor dining under reopening plans

21st July 2021

There will not be any time limits for those allowed to eat and drink inside pubs and restaurants under guidelines agreed with the hospitality sector this evening. Closing time will be set at 11.30pm and an app will be developed by Government to allow business owners to check customers’ Digital Covid Certificates at the door […]

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EU to set up anti money-laundering agency

21st July 2021

The EU is to set up a stand-alone agency to crack down on money laundering across Europe where major banks have been hit by a wave of dirty money scandals. Many cases have involved northern countries such as Denmark, Sweden and Finland with a reputation for playing by the rules, but criminal gangs and terrorism […]

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Talks on reopening indoor dining for fully vaccinated

20th July 2021

Representatives from the restaurant and bar sector will this evening meet with Government officials as work continues on guidelines ahead of the anticipated reopening of indoor hospitality next week. The question of whether or not there will be time limits on the indoor service in bars and restaurants will be examined. Last night, there were […]

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