Business News

Banks have paid out €647m in redress, compensation and costs to customers caught up in the tracker mortgage controversy, new figures from the Central Bank show. The number of borrowers identified as being affected by the issue had risen by 1,400 since the end of August to 39,800 by the end of December, the bank […]

Banks have paid out €647m in redress, compensation and costs to customers caught up in the tracker mortgage controversy, new figures from the Central Bank show. The number of borrowers identified as being affected by the issue had risen by 1,400 since the end of August to 39,800 by the end of December, the bank […]

Spending by householders was flat last month as the bills for Christmas arrived. New figures from the Visa Consumer Spending Index show expenditure in shops was down 5pc in January, but online spending was up almost 10pc. This meant overall consumer spending was up just 0.01pc in January compared with a year ago. In a […]

Spending by householders was flat last month as the bills for Christmas arrived. New figures from the Visa Consumer Spending Index show expenditure in shops was down 5pc in January, but online spending was up almost 10pc. This meant overall consumer spending was up just 0.01pc in January compared with a year ago. In a […]

With 44 days to go until the UK leaves the European Union, Taoiseach Leo Varadkar has said he believes a deal will be reached between the two. However, he added that Ireland would continue its preparations for all possible outcomes, including a no-deal scenario. Opening the European Financial Forum in Dublin today, Mr Varadkar also […]

With 44 days to go until the UK leaves the European Union, Taoiseach Leo Varadkar has said he believes a deal will be reached between the two. However, he added that Ireland would continue its preparations for all possible outcomes, including a no-deal scenario. Opening the European Financial Forum in Dublin today, Mr Varadkar also […]

Europe’s second-highest court will rule tomorrow whether a Belgian tax break which benefited some 35 large companies is illegal state aid, a judgment which could provide clues to other tax cases involving Apple, Starbucks and Fiat Chrysler. As part of its crackdown on tax avoidance, the European Commission three years ago ordered Belgium to recover […]

Europe’s second-highest court will rule tomorrow whether a Belgian tax break which benefited some 35 large companies is illegal state aid, a judgment which could provide clues to other tax cases involving Apple, Starbucks and Fiat Chrysler. As part of its crackdown on tax avoidance, the European Commission three years ago ordered Belgium to recover […]

Credit union members have reacted angrily to moves by a number of the lenders to reduce a key insurance benefit. Most credit unions offer death benefit insurance and share insurance. These provide a payment when the member dies, at no cost to the members. But the high cost of providing the cover has seen credit […]

The imposition of tariffs in the event of a no-deal Brexit will inevitably see consumer prices rising here, according to Retail Ireland. Thomas Burke, director of the Ibec retail industry group, said the imposition of tariffs of up to 30 or 40% on some products couldn’t be absorbed by the retail industry. The sector, he […]