Business News

Euro zone lending continues to grow but money supply slows

26th July 2019

Euro zone lending continues to grow but money supply slows Euro zone lending continued to grow at a steady pace in June while a money supply indicator, which often foreshadows future activity, lost pace, data from the European Central Bank showed today. Household lending expanded by 3.3%, keeping a steady growth pace for the fifth […]

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NAMA wind-down date extended from 2021 to 2025

26th July 2019

NAMA wind-down date extended from 2021 to 2025 The Minister for Finance had recommended that NAMA should continue to manage its loan book beyond the agency’s expected 2021 wind-down date so as to deliver the best financial return for the taxpayer. The Department of Finance’s second review of the National Asset Management Agency – as […]

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Mortgage drawdowns up by 8.8% in second quarter

26th July 2019

Mortgage drawdowns up by 8.8% in second quarter A total of 10,157 new mortgages to the value of €2.25 billion were drawn down by borrowers in the second quarter of the year. This is according to the latest figures from Banking & Payments Federation Ireland. The figures marked an increase of 8.8% in volume terms […]

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Planning permission granted for Wicklow data centre

23rd July 2019

Planning permission granted for Wicklow data centre An Bord Pleanála has granted planning permission to Echelon Data Centres as the company moves forward with plans to build a 100MW, 484,000 sq ft facility at the Avoca River Business Park in Arklow, Co. Wicklow. Wicklow County Council originally granted planning permission in February 2019, a decision […]

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European debt rally pauses at start of a big week for bond markets

23rd July 2019

European debt rally pauses at start of a big week for bond markets Core European government bond yields steadied on Monday after posting their biggest weekly drop in seven weeks as investors consolidated positions before a central bank policy meeting this week where policymakers might unveil plans of more rate cuts. Though hopes have grown […]

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NAMA’s profit dropped 30.5% in first quarter as amount of cash generated fell

23rd July 2019

NAMA’s profit dropped 30.5% in first quarter as amount of cash generated fell The National Asset Management Agency made a profit of €41m in the three months to the end of March, according to its first quarter results. That is down €18m (30.5%) on the same period of 2018 and comes as the amount of […]

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Tough Brexit talk fuels sharp drop in sterling

18th July 2019

Tough Brexit talk fuels sharp drop in sterling Sterling fell sharply yesterday as both candidates to become UK prime minister talked up their willingness to execute a hard Brexit during Conservative Party leadership debates. On the eve of the Brexit referendum, it cost 76.5 pence to buy one euro. Now, with a hard Brexit fast […]

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Consumer spending falls in June – even online – as rain and Brexit dampen mood

18th July 2019

Consumer spending falls in June – even online – as rain and Brexit dampen mood Consumer spending has slowed at a pace not previously recorded in the past five years, according to a new analysis of spending in stores and online. Visa’s Irish Consumer Spending Index, produced by IHS Markit, found on Wednesday that the […]

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Hotels’ costs rising faster than revenues, says report

18th July 2019

Hotels’ costs rising faster than revenues, says report HOTEL insurance rates are rising by 10pc per annum, prompting some operators to rethink how their leisure facilities in particular are used, according to Aiden Murphy, a partner with accountancy and advisory firm Crowe Ireland. He said one of the options for hotel operators is outsourcing the […]

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Car running costs dip but insurance still an issue

17th July 2019

Car running costs dip but insurance still an issue The average cost of running a family car for a year stands at €10,590, according to the AA’s annual survey of motoring costs – a decrease of €98.11 on last year. The survey also revealed a 7% drop in insurance costs, but the AA said the […]

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