Business News

May to discuss Brexit fears with finance industry leaders

11th January 2018

Britain’s Prime Minister Theresa May and senior officials will meet executives from major finance companies today to give them a clearer idea of what Britain’s European Union exit will mean for them. There are concerns that Brexit threatens London’s status as the financial capital of Europe and that banks are preparing to move thousands of […]

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Revealed: Fancy a job change for 2018? Here are the top roles employers are looking to fill

10th January 2018

With employees setting back into work after the festive period, the new year is a prime opportunity for staff to consider their career options for 2018. Understanding which employers are recruiting and where the opportunities lie is essential for any jobseeker. In 2018 nearly three-quarters of Irish employers are planning on recruiting staff, 75pc of […]

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Shops miss out as consumers splash the cash on online sales

10th January 2018

Shoppers increased their spending in December, but it was mainly driven by a rise in online sales. Expenditure in shops was flat last year compared with 2016. Spending in shops grew in the final months of last year, but for 2017 as a whole it was unchanged, according to Visa’s Irish Consumer Spending Index, which […]

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New thinking – and new taxes – are necessary as we all move online

10th January 2018

The impressive retail figures in Ireland should not be a surprise. Ireland is the fastest-growing economy in Europe. With employment levels rising rapidly, net migration boosting population levels and salaries comfortably above the rate of inflation, Ireland’s consumer spending environment should be buoyant. However, the retail sector is undergoing profound change as consumer behaviours and […]

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Property tax overhaul could be fairer on hard-hit Dubliners

9th January 2018

A complete overhaul of property tax has moved significantly closer after a dramatic intervention by the Minister for Housing, who says bills should no longer be solely based on the value of homes and the annual charge needs reform. Minister Eoghan Murphy said the current property tax system is unfair on homeowners and needs to […]

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Brexit sectoral analyses highlight UK’s extensive links to Ireland

9th January 2018

Northern Ireland exports around £20m (€22.6m) of fish products to the Republic annually, the UK exports around twice as much freight to Ireland than it imports, and Ireland is the fourth most visited country by UK travellers. These are just some of the detail contained in the UK government’s sectoral analyses prepared in advance of […]

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Amazon plans new data centre for Dublin

9th January 2018

Undeterred by objections to a proposed data centre campus in Dublin, Amazon is looking to build yet another data centre in the capital. The planned 88,500 sq ft data centre – which could cost as much as €45m – will neighbour another Amazon data centre on a site in Tallaght, in the south of the […]

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Bad debts cost Irish SMEs €1.7bn a year

8th January 2018

Irish SMEs are writing off €1.7bn every year due to bad debts, according to a new report. Bibby Financial Services said the firms are losing the money due to customers not paying bills, or customers becoming insolvent. The Global Business Monitor report from the firm found that an average of €13,780 is written off every […]

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Work permit rules now under review

8th January 2018

Heather Humphreys has said she won’t rush into a decision to relax the work-permits regime to let in low-skilled workers from outside Europe. The Business, Enterprise and Innovation Minister said that while her department is carrying out a review of the employment permits system as the economy booms and unemployment falls, she does not want […]

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Irish households have ‘never been better off’ – employers’ group

8th January 2018

Irish households have never been better off and now have a combined €4bn more of savings than they owe in debts. The total amount of loans owned by households has fallen by €60bn since the start of the crash, thanks to debt repayments, write-offs and to the slowdown in the new mortgage market, according to […]

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