The Central Bank has issued a stinging criticism of the way risk is managed in some Irish stockbrokers, investment firms, and fund service providers. The bank said it had found “notable inconsistencies and deficiencies” in the way...
Read MoreAct now to avoid huge increases in health cover
Thousands of people who are due to renew their health insurance in the next few weeks have been warned to act now to avoid huge increases in the cost of cover. Up to 400,000 people are due to renew by the end of January. But most insurers have...
Read MoreEnd of the supermarket queue? Amazon opens futuristic shop with no tills or cashiers
Long queues at the supermarket could soon become a distant memory after Amazon unveiled a grocery store without tills or barcode scanners. The internet retailer has opened a grocery store in which shoppers only have to scan their smartphone upon...
Read MoreRetailers facing 10pc hike in rents
Property agent Savills Ireland is predicting rises of 7pc to 10pc for retail property rents by 2018, notwithstanding the recent slowdown in the sector. Savills’ latest quarterly Market in Minutes Ireland Retail report says a “notable...
Read MoreIrish manufacturing picks up despite currency swings
Irish manufacturing output picked up in November, with the pace of export growth in particular accelerating. The data, showing the fastest growth in eight months, suggests Irish industry is adjusting relatively well to the big swings in the...
Read MoreNew whiskey tourism plan to triple number of visitors
A new strategy aimed at promoting Ireland as a whiskey tourism destination will be unveiled this week. The campaign, which has national and local government support, is targeting massive tourism growth, building on the 653,277 tourists who visit...
Read MoreStrong jobs growth is reason for cautious optimism
When a recovery begins, and as consumers loosen their personal purse strings, companies tend to have existing employees work extra hours and overtime rather than taking on new people. That is because the cost invested in the hiring and training...
Read MoreSBCI announce new €70m funding package for Irish SMEs
A new €70m funding package that will allow small Irish businesses to borrow specialist equipment and vehicles at a lower cost has been announced. SMEs can avail of a 1.57pc discount for specialist machinery as part of the scheme from the...
Read MoreThe Collisons have become Ireland’s youngest billionaires
John and Patrick Collison, the Limerick brothers that set up micro-payments firm Stripe, have become Ireland’s youngest billionaires after their latest funding round, which raised $150m at a $9bn valuation. The pair own just under...
Read MoreRevenue hires to delve into multinationals
Experts in complex international tax avoidance schemes are to be recruited by the Revenue Commissioners to inspect the books of big multinationals based here. The new hires will carry out transfer pricing audits on large corporate firms...
Read MoreCyber Monday offers €53m boost to embattled retailers
Cyber Monday – the busiest online sales day of the year – is predicted to boost Irish retailers’ coffers to the tune of €53m. The annual online sales splurge that traditionally takes place tomorrow is the online equivalent...
Read MoreHow to shield your pension from Brexit and Trump as higher inflation looms nearer
Irish investors in their early 60s who have yet to retire could be among the most vulnerable to Brexit and any uncertainty in financial markets triggered by the election of Donald Trump. Some of the largest bond holders include private pension...
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