Business News
Mortgage rules and Brexit cause Dublin house prices to fall Brexit is continuing to cause uncertainty at the upper ends of the property market here. That’s according to agent REA, which says the market has segmented into two groups – those who need to buy and those who are able to choose when they can […]
Read MoreGovernment pledges to generate 70% of electricity from renewable sources by 2030 The Government has pledged to generate 70% of the country’s electricity supply from renewable sources by 2030. The figure is up from the current target for the period, which stands at 55%. The commitment will form part of the new climate action plan […]
Read MoreIreland jumps to fifth in the world for competitiveness Ireland has become the fifth most attractive country in the world to do business in, according to a new study. Ireland has risen by two places in the latest BDO International Compass, which measures the competitiveness of a country across the three areas of economic, politico- […]
Read MoreBund yields stay negative as recession fears mount Germany’s benchmark 10-year bond yield held below zero on Monday and close to its lowest levels in more than two years as fears grew that the world economy was headed for recession. After posting its biggest one-day fall since the start of January on Friday, the German […]
Read MoreIrish bank shares and sterling hit amid Brexit political chaos Irish bank shares and the pound fell sharply yesterday as investors confronted the possibility of a no-deal Brexit. With Ireland’s economy significantly exposed to a no-deal scenario, Permanent TSB lost almost 6.5pc, AIB lost 5.35pc and Bank of Ireland lost 4.87pc – all serving to […]
Read More‘Challenging’ year on the energy market, according to ESB ESB delivered “satisfactory results” in 2018 in what was a challenging year on the energy market, according to the company’s chief financial officer. ESB reported an operating profit of €455m last year, and invested €1.2 billion in long term electricity infrastructure as part of its brighter […]
Read MoreBusiness people buying almost 25% of Irish farmland – report Almost 25% of farmland sold in 2018 was bought by business people, the Irish Farmers Journal Agricultural Land Price Report for 2018 shows. Almost 7,800 acres of farmland was bought by business people in 2018, out of a total of 31,687 acres – amounting to […]
Read MoreOil prices fall despite tighter global supply Oil prices fell yesterday, dragged down by concerns about global economic growth as the US-China trade dispute rumbled on, but receiving some support from tightened supply. International Brent crude oil futures were at $67.35 a barrel at lunchtime in London, down 26 cents, or 0.38pc. US West Texas […]
Read MoreNew mortgage lending increased to nearly €9bn last year New mortgage lending in the Republic rose by €1 billion to nearly €9 billion last year, according to the Central Bank. This was the largest annual increase since 2009. However, the annual total remains low by historical standards. Prior to the crash, new mortgage lending hit […]
Read MoreRevenue sets sights on value of private shares Revenue is plotting a crackdown on shareholders of private companies who undervalue their stakes in tax returns. The rules on valuation apply to all unquoted companies – whether it is a large entity operating on a grey market, or a local sweetshop owned by a company. Without […]
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