Author: Practicenet

Ryanair may apply for a British operating licence to retain post-Brexit untrammelled access to its biggest market. The Irish airline said yesterday that it is on course to carry 200 million passengers by 2024, after lifting its growth forecast by 10pc. Ryanair said it’s growing as other airlines are being sidelined by bruising competition in […]

BIG global banks, including Morgan Stanley , JPMorgan Chase & Co and Goldman Sachs Group Inc are bracing for potential tumult on financial markets after Tuesday’s U.S. election. As the outcome of the most bitterly fought U.S. presidential elections starts to roll out by Wednesday in Asia, the regional markets will the first to trade […]

The State-backed Ireland Strategic Investment Fund (ISIF)would have made around €22m more than it did at the end of last year had it sold off its fossil fuel stocks and invested in clean energy, a report has claimed. The paper, commissioned by Trocaire, argues retaining fossil fuel investments cost ISIF around €100m in the past […]

The Brexit could reduce the paper value of the Irish economy by about €12bn after five years, a study has warned. The joint paper by the Department of Finance and ESRI calculates a so-called hard Brexit would leave Irish economic output around 3.5pc below what it otherwise would have been. Even under a soft exit, […]

New entrant to the mortgage market Pepper will begin offering home loans directly to consumers from today. The Australian owned non-bank lender entered the market earlier this year, initially offering mortgages through brokers. From today, Pepper is to begin selling mortgages directly to Irish customers. Its new retail consumer brand, Pepper Money also plans to […]

Growth in Ireland’s services sector fell to a fresh three and a half year low in October as Britain’s decision to leave the European Union continued to weigh on new orders, a survey showed on Thursday. The Investec Purchasing Managers’ Index (PMI) of activity in services fell to 54.6 in October from 56.2 in September, […]

Dublin has risen two places to be named as the 20th most reputable city in the world, new research has shown. According to the City RepTrak 2016, which is compiled by the Reputations Agency and the Reputation Institute, Dublin has achieved its joint-highest ranking in the survey, which is based on the views of the […]

Irish Life added €36m to its Canadian parent’s profits in the third quarter of the year, up by a third on the same period in 2015. The insurer launched its new Irish Life Health business in September, shaking up the sector following its acquisitions of Aviva Health and the 51pc stake it did not already […]

Growth in Ireland’s services sector fell to a fresh three and a half year low in October as Britain’s decision to leave the European Union continued to weigh on new orders, a survey showed on Thursday. The Investec Purchasing Managers’ Index (PMI) of activity in services fell to 54.6 in October from 56.2 in September, […]

Insurer RSA posted a 5pc drop in net written premiums in the first nine months of 2016 due to the impact of asset disposals, the firm said on Thursday. RSA, best known in Britain for its More Than insurance brand, said net written premiums fell to £4.82bn from £5.09bn a year earlier. Tangible equity fell […]