Author: Practicenet

The debts of households continue to fall. The borrowings of households are now at their lowest level since 2006, the Central Bank said. New figures show that households in this country fell from being the third most indebted in the European Union to the fourth. The borrowings owed work out at just over €31,000 per […]

I have a confession to make: I spend too much money on Hailo. The taxi ordering app is a reliable friend when I’m running late, bringing a car hurtling to my rescue in five minutes or less. Having looked through a recent batch of Hailo receipts I tell Andrew Pinnington his company has a lot […]

The UK could be “left with the old furniture” following negotiations to leave the European Union (EU), an academic has warned. Political scientist Matthew Qvortrup, who has published a new book on Angela Merkel, suggested Theresa May should not read too much into her friendly reception from the German leader. He told an audience at […]

Irish pubs are facing bills of up to €26,028 a year to air all of this year’s sport, including the English Premier League. The licence fees that pubs must pay are based around their revenue intake. A small pub taking in around €190,000 a year faces a bill of around €13,000. The fees are split […]

Irish jobs may be at risk as part of a global culling of Cisco’s workforce as the tech firm looks to pivot towards a more software-centric organisation. Cisco employs in the region of 300 people in Ireland across its two bases in Galway and Dublin. In 2012 the company announced a €26m investment into its […]

Sterling hit a new three-year low against the euro yesterday, placing further pressure on Irish exporters. The pound traded above 87 pence to the euro for a short period – for the first time since August 2013 – before dipping below it again. Hard economic data for July is due to be released this week, […]

The Bank of Tokyo-Mitsubishi is helping to bankroll the construction of five new schools being built in Ireland under a public-private partnership programme. UK firm InspiredSpaces, which won one of the contracts to build a number of new schools here, has secured the finance from the bank. The InspiredSpaces unit that won the contract is […]

Developers Greg Kavanagh and Pat Crean have changed initial plans for a development consisting of 400 houses and apartments near St Anne’s Park in Raheny, Dublin. The pair, operating through their company Crekav Landbank Investments, have reconfigured the project after nearly 300 objections were made to the scheme, according to a report in The Irish […]

Private investigators are using vehicle-tracking devices to carry out illegal surveillance on insurance customers suspected of making fraudulent claims. The investigators, also known as ‘tracing agents’, are themselves being investigated for placing spy equipment underneath cars belonging to unsuspecting policy holders. The shocking scale of the covert surveillance being used by private investigators is laid […]

Irish consumer spending has thus far been free from the effects Brexit as spending in the second quarter of the year increased by 5pc, new research has show. According to the Consumer Market Monitor household debt is now at its lowest since 2006 and coming down by around 2.4pc per year. The monitor also points […]