Business News

Alaskan model may help restart the aviation industry

17th August 2020

The aviation industry is staring into a winter of devastation but the answer could lie in colder climes. An Alaska-style safe travel model could be utilised, amid warnings Irish airports desperately need support measures for the crippled aviation sector. Traffic has collapsed by 97pc at Dublin, Cork, Shannon and Ireland West-Knock airports since the pandemic […]

Read More

Protecting our vulnerable startups and SMEs is now more vital than ever

17th August 2020

There is a popular trope in the narrative surrounding the origins of a successful enterprise, usually centring around working from a back bedroom, the kitchen table or from the garden shed. But the truth about successful start-ups and SMEs is usually a lot more prosaic. On top of a great idea and business plan, there […]

Read More

Protecting our vulnerable startups and SMEs is now more vital than ever

17th August 2020

There is a popular trope in the narrative surrounding the origins of a successful enterprise, usually centring around working from a back bedroom, the kitchen table or from the garden shed. But the truth about successful start-ups and SMEs is usually a lot more prosaic. On top of a great idea and business plan, there […]

Read More

Staycations and bad weather helped to boost demand for gas

17th August 2020

Staycations and the reopening of hospitality and leisure venues have spurred gas demand to near normal levels. But while overall gas demand climbed 4.1pc in July compared to June, it remains 3.7pc lower than a year ago, according to Gas Networks Ireland. Gas demand in the hospitality and leisure sector was just 1pc below where […]

Read More

Staycations and bad weather helped to boost demand for gas

17th August 2020

Staycations and the reopening of hospitality and leisure venues have spurred gas demand to near normal levels. But while overall gas demand climbed 4.1pc in July compared to June, it remains 3.7pc lower than a year ago, according to Gas Networks Ireland. Gas demand in the hospitality and leisure sector was just 1pc below where […]

Read More

Lack of funding for Irish startups worries investors

14th August 2020

Senior venture capitalists have described as “worrying” the lack of money coming through for new Irish startups. While the overall amount raised on both parts of the island reached €545m for the first six months of 2020 – the highest for four years -the figures were skewed by a handful of giant deals, leaving early-stage […]

Read More

Eurozone government bonds sell off for fourth consecutive day

14th August 2020

Euro zone government bond yields rose on Friday, after three consecutive days of selling-off, with the benchmark German 10-year Bund yield having briefly touched a six-week high in early London trading. Borrowing costs in Europe have tracked US Treasuries this week, which have been driven to new highs by a deluge of debt issuance in […]

Read More

No recovery in the retail sector before 2025, says EY report

14th August 2020

The technology sector will have recovered from the effects of the coronavirus and lockdown by the end of this year, but retail will not see 2019 levels of activity until beyond 2025. Overall, the economy here will not recover to its 2019 size until 2023 and Northern Ireland’s will take a further year return to […]

Read More

Irish consumers now sixth-most confident in Europe

13th August 2020

Deloitte has released it latest State of the Consumer Tracker which shows consumer confidence holding steady into July, with Ireland now in second place in Europe for consumer confidence in visiting stores in person. This is the latest of the new bi-weekly survey, which tracks Irish consumers’ attitudes towards personal well-being, financial concerns, travel and […]

Read More

EU proposes changes to VAT rules

13th August 2020

The European Commission has proposed changes to the EU’s VAT rules, in preparation for the end of the transition period with the UK on 31 December 2020. The amendment to the VAT Directive introduces a special identification number for businesses in Northern Ireland, so that EU VAT provisions can be properly applied to goods, in […]

Read More