The EU’s plan for the Common Consolidated Corporate Tax Base (CCCTB) should be suspended until a country-by-country analysis of its likely impact is undertaken by the European Commission – according to Fine Gael MEP Brian Hayes. Mr...
Read MoreMortgage lending at Bank of Ireland soars by 30pc in first three months of 2017
Bank of Ireland’s new mortgage lending recorded a 30pc increase in the first three months of the year versus the same period in 2016. The bank has announced that its net interest margin has increased to 2.3pc in the first three months of...
Read MoreReceiver appointed by Cardinal Capital to two Genesis Homes units
Two units of Genesis Homes, a homebuilder controlled by former McInerney Holdings chief executive Barry O’Connor, have been placed in receivership after a repayment date was missed. Bank of Ireland, which acts as security trustee on behalf...
Read MoreINM board members to be reclassified as non-independent
Two members of the board of Independent News and Media will be reclassified as non-independent, non-executive directors, the Irish Independent has learned. The reclassification will be confirmed when the company issues its annual report for 2016...
Read MoreESB and Bord na Móna in €500m solar venture to power 150,000 homes
Bord na Mona and the ESB are joining forces to develop four huge solar farms that are likely to cost in the region of €500m and generate sufficient electricity to power 150,000 homes. The four solar farms – which will generate a total...
Read MoreImpaired loans at State-owned AIB down 70pc from peak
The quantity of impaired loans at State-owned AIB is down 70pc from the peak levels seen in 2013, according to a first quarter trading update issued by the bank. The total value of impaired loans now on the banks books is €8.6bn, a fall of...
Read MoreDan O’Brien: How Ireland’s economy has dodged two potential bullets – for now
One-in-four people employed in the private sector in this State works for a foreign company that sells stuff to foreigners. The taxes those workers and companies pay fund a great deal of the public sector and the cost of providing public...
Read MoreEmbarrassment for AIB as bank fined €2.3m for breach of money laundering rules
State-owned AIB has been hit with a massive Central Bank fine for failing to check if it was being used for money laundering and tax evasion. The bank has to cough up €2.275m to the Central Bank for breaches of anti-money laundering...
Read MoreIrish firms are finally facing up to Brexit – EI chief Sinnamon
Exporting companies are waking up to the fact that Brexit is now a reality and that they need to put in place a strategy to mitigate the fallout, the head of Enterprise Ireland (EI) has told the Irish Independent. Since Prime Minister Theresa May...
Read MoreScheme to encourage more IPOs is launched
The Irish Stock Exchange (ISE) has launched its ‘IPOready’ programme for 2017, which is geared towards helping Irish companies prepare for stock market flotations over the next five years. The programme will offer assistance to...
Read MoreSME office culture top with workers
Almost 70pc of Irish workers would like to work in a small to medium-size enterprise (SME) or a startup, research has found – with respondents believing that startups and SMEs offer the best office culture. Younger workers are also...
Read MoreLong term renters urged to look at protection similar to mortgage holders
Long-term renters should look at ways in which they can financially protect themselves, similar to mortgage holders, a leading insurance company has said. With rents across the country now 8pc higher on average than their Celtic Tiger peak in...
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