CREDIT ratings agency Standard & Poor’s expects the “robust recovery” in the housing market here to continue this year. It said prices would rise by 6pc, aided by the ongoing improvement in the labour market and a housing...
Read MoreIrish services industry growth hits slowest rate since 2014
Growth in the Irish services industry fell to its lowest rate since February 2014 as the fallout from Brexit continues to take its toll, new research has shown. According to the Investec Purchasing Managers’ Index (PMI), a slight weakening...
Read MoreCanadian firm agrees deal for Cork-based Whitegate oil refinery
A Canadian oil firm has agreed a deal to purchase Whitegate Oil refinery in Cork from its US owners. Irving Oil confirmed it has reached agreement with Houston-based Phillips 66 to acquire Whitegate for an undisclosed sum. The east Cork plant...
Read MoreUnemployment stays at 7.8pc in June
Unemployment in Ireland remained static in the month of July, with figures released by the CSO revealing that 7.8pc of those between 15 and 74 are currently on the live register. That is the same as the rate recorded for June. Unemployment fell...
Read MoreIrish man takes top job at US telecoms giant
Ronan Dunne, the outgoing Irish chief executive of O2 UK, has been named group president of America’s biggest mobile operator, Verizon Wireless. Mr Dunne will take charge of “all aspects” of Verizon Wireless’ operations in...
Read MoreEurope to help fund Irish energy company’s storage project
Irish energy firm Gaelectric is to receive €8.28m in funding from the European Union to develop a storage project in Northern Ireland. Project CAES Larne, NI – a 330 MW energy storage project using compressed air energy storage...
Read MoreSurging world growth makes a mockery of Brexit panic
Global economic growth is accelerating sharply after months in the doldrums, confounding predictions of a worldwide recession following Britain’s Brexit vote. The monthly ‘nowcast’ gauge of global activity assembled by Fulcrum...
Read MoreDrinks industry will take legal action to stave off ‘sugar tax’
Government plans to introduce a controversial ‘sugar tax’ in the upcoming Budget look set to be met by a high-profile legal challenge from the drinks industry, the Irish Independent has learned. Drinks giants are preparing to follow...
Read MoreAIB to tell 3,000 they are getting trackers back
AIB is set to restore around 3,000 mortgage customers to valuable tracker mortgage rates. The bank, which includes EBS, is as a first move to write to affected customers and restore them to the lower interest rate product, taking them off...
Read MoreRockefeller fund invests in Irish renewable firm’s Africa project
The Rockefeller Brothers fund has emerged as an investor in an African project of Eddie O’Connor’s Mainstream Renewable Power. The fund is run by descendants of legendary businessman John D Rockefeller, described by Forbes as...
Read MoreStick with UK despite Brexit, EI tells Irish exporters
Irish businesses shouldn’t turn their backs on the UK despite the Brexit vote, with potential opportunities in the NHS, the water market and the Northern Powerhouse agenda, Enterprise Ireland (EI) has said. The positive argument is in...
Read MoreAnglo-Irish trade ties at risk as May put under pressure to leave customs union
Mounting pressure on British prime minister Theresa May to leave the customs union could put Anglo-Irish trade ties at risk, it has been reported. According to the Financial Times, Ms May is being urged to leave the union by her trade secretary...
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