Author: Practicenet

The UK is set to dramatically slash corporation tax rates to woo businesses deterred by Brexit, placing it in direct competition with Ireland for vital foreign direct investment. British Chancellor George Osborne outlined plans to aggressively cut its corporate tax to less than 15pc as he unveiled his plan to galvanise the economy. This would […]

Ireland has moved into the top 10 ranking in a global reputation study. Amid the economic warnings over the Brexit fallout and the impact it could have here, Ireland has been ranked in ninth position by the public across the G8 nations out of 55 countries surveyed. However, the survey, published by The Reputations Agency […]

Fund manager Fidelity plans to move around 100 jobs from Britain to Dublin as a part of its long-term strategy, a spokesperson said in an email to Reuters. The company said the move was part of an existing plan and was not related to Britons’ vote last week to leave the European Union. It said […]

Cantor Fitzgerald has lowered Ireland’s growth forecasts for the coming years on the back of the Brexit vote, as the International Monetary Fund warned the uncertainty the result created is the biggest risk to the global economy. It came as ratings giant S&P downgraded the EU’s credit rating yesterday on the back of the vote. […]

Cantor Fitzgerald has lowered Ireland’s growth forecasts for the coming years on the back of the Brexit vote, as the International Monetary Fund warned the uncertainty the result created is the biggest risk to the global economy. It came as ratings giant S&P downgraded the EU’s credit rating yesterday on the back of the vote. […]

AKO Capital, a $9.5bn London-based hedge fund, has taken a 3pc stake in Bank of Ireland, securing its holding in the company last Friday as equities slumped on the back of the Brexit vote. It’s the first time that AKO has held a notifiable interest in the Irish bank, it’s understood. Shares in Bank of […]

Esprit Holdings said Britain’s vote to leave the European Union could affect consumer sentiment in its key markets in Europe, as global businesses and political leaders grapple with the fall-out of last week’s “Brexit”. Britain’s vote to leave the EU has reverberated through global financial markets, with the pound falling to its lowest level in […]

Irish oil explorer Tullow Oil is expecting the TEN Project to deliver oil within the next three to six weeks – its first delivery oil since the company started the project three years ago. In a trading update released to shareholders this morning Tullow chief executive Aidan Heavey also said that production at its Jubilee […]

The initial shock from the UK’s Brexit vote has been contained for Ireland, Finance Minister Michael Noonan has said. At the opening of the National Economic Dialogue, Mr Noonan said there was “no sense of panic” here. “The NTMA are quite happy that they can fully fund the country,” Mr Noonan said. Taoiseach Enda Kenny […]

Trading in UK bank stocks was briefly halted this morning as stock markets continued to plunge on the back of the Brexit vote. So-called circuit breakers – automatic mechanisms for suspending trading in a share of there’s extreme volatility – kicked in on the London market on more than one occasion as shares in Barclays […]