Business News

Ireland sees 12% increase in brand value – survey

16th October 2019

Ireland sees 12% increase in brand value – survey Ireland has recorded a 12% increase in brand value over the past year to bring its total to $604 billion. This is according to the latest report by Brand Finance, which ranks the 100 most valuable and strongest nation brands every year. Brand Finance said that […]

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Fear of ‘difficult’ tenants driving landlords out of market – RTB

16th October 2019

Fear of ‘difficult’ tenants driving landlords out of market – RTB The chairman designate of the Residential Tenancies Board has said the fear of difficult tenants is one of the reasons why “accidental” landlords are getting out of the market. Speaking to the Oireachtas Housing Committee, Tom Dunne said some landlords are “vulnerable” and he […]

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Activity in construction industry sees first slowdown in 6 years

15th October 2019

Activity in construction industry sees first slowdown in 6 years Activity in the construction sector contracted for the the first time in over six years in September, Ulster Bank’s latest Purchasing Manager’s Index reveals. The PMI fell to 48.3 in September, a significant drop from 53.7 recorded in August. Any figure under 50 signals a […]

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Dublin market heading for big gain on Brexit hopes

15th October 2019

Dublin market heading for big gain on Brexit hopes Dublin’s ISEQ index is on track for its biggest one-day percentage gain this year, soaring more than 230 points (3.7%) this evening, boosted by optimism that a Brexit deal can be reached. After holding talks yesterday in the UK, Taoiseach Leo Varadkar and British Prime Minister […]

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China imports, exports down in September as growth cools

15th October 2019

China imports, exports down in September as growth cools China’s imports and exports fell more than expected in September, official data showed today, as US tariffs and cooling demand at home and abroad hit trade in the world’s second largest economy. Globally, China’s exports dropped 3.2% in September from the same period last year, while […]

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Economy to slip into recession after no-deal Brexit – Central Bank

14th October 2019

Economy to slip into recession after no-deal Brexit – Central Bank The Central Bank has delivered its first detailed forecast for what the economy might look like under a disorderly, no-deal Brexit. The bank believes the worst impact will be felt in the early part of next year. It expects disruption to trade at ports […]

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Irish mortgage rates still higher than euro zone average

14th October 2019

Irish mortgage rates still higher than euro zone average New figures from the Central Bank show that Irish mortgage holders continue to pay the second highest interest rates in the euro zone. The average interest rate on all new mortgages issued here in August stood at 2.99%, down two basis points since the beginning of […]

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Tech tariffs may spark retaliation from China

11th October 2019

Tech tariffs may spark retaliation from China China has signalled it intends to hit back after the Trump administration placed eight of the country’s technology giants on a blacklist over alleged human rights violations against Muslim minorities. Asked yesterday whether China would retaliate over the blacklist, foreign ministry spokesman Geng Shuang told reporters “stay tuned”. […]

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Manufacturer slowdown starts to hit jobs market

11th October 2019

Manufacturer slowdown starts to hit jobs market Jobs growth in manufacturing stalled for the first time since 2016 this month. A fourth consecutive month of weaker manufacturing conditions has started to feed through to weaker hiring data, according to a survey. AIB’s Manufacturing Purchasing Managers’ Index showed a drop in new orders led to a […]

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Government will only borrow if it needs to for no-deal

10th October 2019

Government will only borrow if it needs to for no-deal The Minister for Finance has said €650m will be made available to support the Agriculture, Enterprise and Tourism sectors and to assist regions most impacted by a no-deal Brexit. The money will be made available in the event of a no-deal. €220 million of that […]

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