Author: Practicenet

The Rockefeller Brothers fund has emerged as an investor in an African project of Eddie O’Connor’s Mainstream Renewable Power. The fund is run by descendants of legendary businessman John D Rockefeller, described by Forbes as “arguably the richest man in history”. Rockefeller founded Standard Oil and the University of Chicago. The Rockefeller fund – set […]

Irish businesses shouldn’t turn their backs on the UK despite the Brexit vote, with potential opportunities in the NHS, the water market and the Northern Powerhouse agenda, Enterprise Ireland (EI) has said. The positive argument is in contrast to the repeated warnings about the harmful effects of a weakened pound and concerns over the health […]

Mounting pressure on British prime minister Theresa May to leave the customs union could put Anglo-Irish trade ties at risk, it has been reported. According to the Financial Times, Ms May is being urged to leave the union by her trade secretary Liam Fox so that he will receive maximum freedom to negotiate new trade […]

Here are the 10 things we now know about Brexit… that we didn’t know a month ago. 1 Bookies and money markets also get things horribly wrong Opinion polls were discredited in Britain during the 2015 general election. They predicted a hung parliament, but David Cameron’s Conservatives won an overall majority. Polls right up to […]

The Central Bank has revised down its growth projections for the Irish economy this year and next year on the back of Brexit. Irish GDP growth will be 0.2 percentage points lower this year than initially thought, and 0.6 percentage points lower next year.But it is still forecasting strong growth of 4.9pc in 2016 and […]

The Central Bank is planning an €8.5 million revamp of its south Dublin currency centre to modernise the complex and boost security. The Sandyford-based facility was constructed in the late 1970s and was designed to house the printing facility for Irish currency notes. At the time, architect Sam Stephenson was awarded the Royal Institute of […]

Cash buyers are dominating the housing market, with new figures showing that the proportion of such buyers has shot up – they now account for six out of 10 house and apartment purchases. Experts said that this indicated a highly dysfunctional market, something the Government is hoping its new housing and homeless strategy will address. […]

Property firm Hibernia REIT has said it is too early to predict the impact Britain’s departure from the European Union will have on Dublin’s real estate market. This morning Hibernia announced it had leased the remaining 30,000 sq ft of One Dockland Central to Comreg at an average rent of €50 per sq ft. However, […]

Shopping centre landlord Hammerson said the impact of Britain’s decision to leave the European Union on property valuations was still unknown, but the lettings and investment markets were facing a period of uncertainty. The company, which partly owns the Brent Cross Shopping Centre in London, said its external valuers had said that the probability of […]

The vast majority of Irish people want a referendum on the proposed US-EU free trade deal if it looks like it could become law, a survey suggests. They also want a similar poll on Europe’s planned trade agreement with Canada, according to the survey carried out by Red C. The survey was commissioned by lobby […]