Author: Practicenet

Ireland joins fellow EU countries in call for removal of barriers to data flows

Half of the European Union’s member states on Monday called for the removal of barriers to the free flow of data both within and outside the 28-nation bloc to ensure the continent can benefit from new data-driven technologies. In a letter to the European Commission and the Netherlands – which holds the rotating EU presidency […]

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Insurance giant Axa stubs out ties with tobacco industry

Axa, one of the largest insurance companies in the world, will stop investing in the tobacco industry, it has announced. The international firm which has more than 10 million customers in the UK has also pledged to sell investments worth more than €1.7bn. Incoming chief executive Thomas Buberl told the BBC it “makes no sense” […]

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Exports would take years to recover from Brexit, S&P warns

Ireland is in the front line of countries that will be worst hit if the UK votes for a so-called Brexit. Recovery in the export sector could take years. That’s according to Jean Michel Six, S&P Global Rating’s chief economist for Europe, the Middle East and North Africa. However, a vote for the so-called remain […]

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Harvey Nash to create 100 jobs, open Galway office

Tech recruitment company Harvey Nash has announced the creation of 100 new jobs in Ireland over the next two years. The IT specialist firm said 40 of the new roles would be directly involved with Harvey Nash Ireland in the areas of recruitment and support services. The move was spurred by a growth in demand […]

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Irish financial offering isn’t geared up to reap a Brexit benefit, conference told

Ireland needs to ramp up its offering in terms of tax, education and the infrastructure around financial services to attract investment in the event of a Brexit, a conference heard yesterday. A British withdrawal from the EU will present opportunities for Ireland, Susan Dargan, the head of Financial Services Ireland (FSI), told the conference, organised […]

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No question that Government gave Apple tax deal – Noonan

There is simply no question that the Irish authorities sought to give Apple any kind of special tax deal. That is according to Minister for Finance, Michael Noonan who has stated that “detailed and comprehensive responses have been provided to the EU Commission demonstrating that the appropriate amount of Irish tax was charged in accordance […]

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80pc of Irish directors fear Government isn’t ready for Brexit

Over 80pc of Irish directors and business leaders are concerned that the Irish government is not adequately prepared for a Brexit scenario, new research has shown. According to a survey by the Institute of Directors in Ireland, 92pc of directors are concerned about a UK exit from the EU with 87pc believing it will have […]

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Michael Noonan vows to pressure bank bosses to cut mortgage interest rates again

Michael Noonan says he will call in the heads of all of the main banks to apply pressure to cut mortgage interest rates again, but stood over claims a move to legally force down prices could be unconstitutional. Speaking ahead of a speech to an international banking conference in Dublin this afternoon, Michael Noonan said […]

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Irish debt agency sees financial silver lining from Brexit

NTMA says overall impact from UK leaving EU is negative The National Treasury Management Agency is highlighting to Irish bond investors that the country could seize opportunities, particularly in the financial sector, from a Brexit, even if the overall impact would be negative. “Following UK exit, some activity in London may be forced to move […]

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Dragon’s Den winner to create 100 jobs and expand in Britain

An entrpreneur who first came to prominence on TV show ‘Dragon’s Den’ has announced he’s to create 100 jobs. Smart Storage managing director Paul Jacob featured on the RTE show in 2012 with his stairs storage solutions. He’s now set to create 100 jobs across Ireland and the UK over the next 18 months. Sixty […]

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