Business News
Mild weather so far this year boosts Irish retailers A new report shows that the value of retail sales rose by 4.7% in the first quarter of the year, boosted by a mild winter and early spring weather. The Retail Monitor, from Retail Ireland – the Ibec group that represents the sector – said there […]
Read MoreWorld Bank’s €1.5 billion sustainable bond to be listed on Euronext Dublin The World Bank has raised €1.5 billion from a 10-year Global Sustainable Development Bond, which will be listed on the Euronext Dublin exchange. It will also be listed on the Luxemburg Stock Exchange. The funds were raised from institutional investors around the globe […]
Read MoreFee increases will be critical for Irish banks – S&P Increasing fees and commissions will be critical for Irish banks in the coming years, in order to offset pressure on the difference between the amount of interest they earn versus what they pay out to those lending them money. That’s according to ratings agency S&P […]
Read MoreEuro zone economy accelerates in Q1 as Germany rebounds The euro zone economy accelerated quarter-on-quarter in the first three months of the year, the EU’s statistics office confirmed today. This was thanks to a rebound in the biggest economy Germany and the end of a technical recession in Italy. Eurostat said the economy of the […]
Read MoreAlmost €4.5m stolen in invoice redirect fraud this year Almost €4.5m has been stolen in invoice redirect frauds since the start of the year, according to gardaí. More than €2m has been stolen in the last month alone, they sad. Under the fraud criminals send emails to businesses purporting to be one of their legitimate […]
Read MoreTrade war escalation puts Europe’s shaky economy back on alert The US and China are taking another swing at global sentiment, which is bad news for Europe as the economy starts to find its feet after a torrid year. In a week that was supposed to bring progress in trade talks, President Donald Trump boosted […]
Read MoreConstruction activity growth quickens in April despite Brexit concerns Construction activity rose sharply last month with April marking the 68th consecutive month of stronger construction activity in Ireland. The Ulster Bank Construction Purchasing Managers’ Index – which tracks changes in total construction activity – rose to 56.6 in April up from 55.9 in March. Ulster […]
Read MoreRevenue collected 26% more corporation tax last year The amount of corporation tax collected by the state last year increased by 26% to €10.4 billion, according to the Revenue Commissioners’ annual report. The increase was driven by higher payments from manufacturing companies and increased payments from big multinational companies. The report also shows that the […]
Read MoreUK economy expands on Brexit stockpiling The UK economy grew by 0.5% in the first quarter, boosted by companies stockpiling ahead of Brexit, official data showed today. British gross domestic product expansion outpaced the 0.2% seen in the final three months of 2018, the Office for National Statistics said in a statement. The ONS added […]
Read MoreUK economy expands on Brexit stockpiling The UK economy grew by 0.5% in the first quarter, boosted by companies stockpiling ahead of Brexit, official data showed today. British gross domestic product expansion outpaced the 0.2% seen in the final three months of 2018, the Office for National Statistics said in a statement. The ONS added […]
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