News

Just over 4,300 mortgages were approved last month, down 5.9% on the previous month and 1.3% on the same time last year. New figures from Banking and Payments Federation Ireland reveal that 53% of the approvals or 2,296 went to First Time Buyers (FTBs), while 923 or 21% went to mover purchasers. The value of […]

A new monthly economic survey shows that while households remain cautious, the arrival of the holiday season looks to have raised their spirits a little. But the mood among firms was little changed, with three in five still saying that they are finding it difficult to predict the future development of their business situation at […]

Almost one third of workers would change jobs – even if it means a pay cut – if their remote working preferences are not facilitated, according to the third annual National Remote Working Survey. 37% of respondents said they would change jobs for remote working, even if it meant fewer promotion opportunities. 30% also indicated […]

A record amount in monetary fines imposed on financial firms and individuals by the Central Bank in 2021 contributed to profits at the bank last year increasing by 59% to €1.32 billion. That is according to the 2021 annual report for the Central Bank which reveals that a dividend of €1.067 billion will be paid […]

British supermarket group Asda has reported a near double-digit fall in first quarter sales, which it said reflected comparison with exceptionally strong trading in the same quarter last year when the UK was in a Covid-19 lockdown. Asda said first quarter to March 31 like-for-like sales, excluding fuel, fell 9.2% year-on-year, having fallen 2.9% in […]

Dell Technologies has beaten Wall Street estimates for quarterly profit and revenue, as enterprises invested heavily in the company’s desktops and laptops to support hybrid work. Dell’s shares rose about 7% in extended trading as the PC maker forecast current-quarter revenue and profit above analysts’ expectations. The company has seen strong demand for its products […]

New research has found that 62% of people feel they will have to cut back on food spending over the coming year in response to sharp price rises, while 53% of people worry they will be unable to pay higher energy bills. The findings are part of the latest in the Permanent TSB research series […]

Marketing data software company, Supermetrics, is to create 100 new jobs in Dublin. The roles will be filled over the next two years. The Helsinki based firm is also opening a new office in the capital. Supermetrics said the expansion of its Dublin operations showed its commitment to the region and also strengthens its international […]

E-commerce platform eDesk is to create 150 jobs over the next 18 months. The new positions will be at the company’s Dublin HQ, Derry, Skibbereen, and the east coast of the US, where 20 of the new roles will be based. It will bring the total headcount to 250 and eDesk says the growth will […]

Irish consumers plan to spend more on holidays this year despite concerns about the rising cost of living, according to the latest KBC Bank Ireland consumer sentiment index. The survey for May asked a special question on holiday spending plans, and the answer hinted at a resilience in people’s personal finances. Austin Hughes, Chief Economist […]