Author: Practicenet

Insulation company Kingspan has clawed back around half of its share price after it took a substantial blow following Britain’s decision to leave the European Union. Shares in the company fell from €25.05 to €19.80 overnight after the Brexit result was confirmed, however share prices have continued to rise since then. Kingspan shares now stand […]

Dublin has less office space and higher commercial rents than Frankfurt, making it a less attractive option for business looking to relocate from post-referendum London, a German think tank has claimed. As European Union countries ramp up efforts to carve up the Brexit spoils from the City of London, the Cologne Institute for Economic Research […]

Surging motor insurance premiums have seen inflation hit its highest level in three years. Motor premiums were up 38.3pc in the year to July, according to inflation figures from the Central Statistics Office. Over the last three years, the average premium is up 70pc, according to a deeper analysis provided by the CSO. The ongoing […]

TECH giant Apple has been given the green-light to build an €850m data centre in Co Galway. An Bord Pleanála has granted planning permission for a 24,500 square metre data centre which will help run online services including the iTunes store, App store and Siri. Among the reasons why the project was approved included the […]

Ireland’s economy grew by close to 5pc in the first half of 2016 and by 6pc last year Davy Stockbrokers has said. Despite recently published figures from the Central Statistics Office that pointed to 26.3pc growth in domestic GDP last year, Davy believes underlying growth was much lower last year. Davy analyst Conall MacCoille also […]

Profits at KBC Bank Ireland rose to €39.5m in the second quarter of 2016 from €17.8m during the same period last year. In the year to date the bank posted a net profit of €73.7m as it slashed its stock of impaired loans by 14pc to €6.1bn. The bank added 16,200 new customer accounts in […]

Ireland’s first annual cybersecurity conference, InfoSec 2016, is set to address the main areas of IT security threats and the implications for businesses in Ireland. The conference takes place on November 15 in the RDS and is sponsored by technology expert eir Business, a Cisco Gold Partner. Among the keynote speakers are WikiLeaks journalist Sarah […]

Houses in Longford are selling for less than a quarter of the cost of Dublin properties, a new survey shows. It comes as evidence has emerged that the mortgage market is bouncing back with a jump in the number of home loans drawn down. But property prices remain muted in many rural parts of the […]

Job vacancies in London’s powerhouse financial sector fell sharply last month as the Brexit vote applied the brakes to the pace of hiring, a report found. Heightened uncertainty surrounding Britain’s vote to leave the European Union saw the number of available jobs drop by 12pc month on month in July, according to a study by […]

Irish car sales in July revealed mixed results for German car manufacturers. Last month’s figures, released by the Central Statistics Office (CSO), reveal an overall annual increase of 5.5pc for car sales across Ireland. July is an important month for car sales in Ireland because it’s the first month of the “162” sequence – traditionally […]