Author: Practicenet

NTMA says overall impact from UK leaving EU is negative The National Treasury Management Agency is highlighting to Irish bond investors that the country could seize opportunities, particularly in the financial sector, from a Brexit, even if the overall impact would be negative. “Following UK exit, some activity in London may be forced to move […]

An entrpreneur who first came to prominence on TV show ‘Dragon’s Den’ has announced he’s to create 100 jobs. Smart Storage managing director Paul Jacob featured on the RTE show in 2012 with his stairs storage solutions. He’s now set to create 100 jobs across Ireland and the UK over the next 18 months. Sixty […]

UK-based Sports Direct has purchased the former Boyers department store site on North Earl Street in Dublin City Centre in a deal believed to be worth €12m. According to a report in The Irish Times, owner Mike Ashley acquired the premises whose sale was handled by DTZ Sherry Fitzgerald. Boyers closed up shop in January […]

IRELAND has emerged as America’s fourth biggest creditor, new figures from the US Government show. Ireland follows the likes of China, Japan and the Cayman Islands after the US Treasury Department revised the way it reports the figures. Investors in Ireland owned $264.3bn (€233.6bn) of Treasuries at the end of March, figures obtained by the […]

Online home furnishings and decor retailer Wayfair is to create 160 new jobs in Galway. The company is expanding its European operations centre in the city and will open a new facility on the Tuam Road to house the expanded operation. It already employs over 200 people in Galway. Wayfair vice president of sales and […]

More than 130 jobs are at risk following the appointment by the High Court of a provisional liquidator to a Co Tipperary based pharmaceutical manufacturing company. Suir Pharma Ireland Ltd, which is located at Waterford Road in Clonmel and has been making generic medicines for approximately 40 years in the town, is insolvent and is […]

Oil prices jumped more than 2 percent on Monday to their highest since November 2015 on the back of more disruption to supplies from Nigeria and after long-time bear Goldman Sachs said it was more positive about the market. Brent crude futures were trading at $49.05 per barrel at 1304 GMT, up $1.23 or 2.5 […]

Ryanair is likely to have lost between €30m and €40m during its fourth quarter as a result of the Brussels terrorist attacks and air traffic control strikes, double the estimate chief executive Michael O’Leary gave last month. Speaking to the Irish Independent, Mr O’Leary said that Ryanair had cancelled about 550 flights during its fourth […]

Ratings agency Moody’s has downplayed the risk of a Brexit to Ireland’s economy. It said that though there would be negative effects, these would be “manageable”. “Ireland will continue to grow at above-trend rates over the next two to three years, on account of strong and sustained competitiveness gains and the large and expanding presence […]

Planning to buy a house? Here’s how to get the cheapest mortgage However, KBC, ever aggressive, was quickly out of the traps last week with its own offer, undercutting its rival, but only for new customers – existing ones get new fixed rates. All have incentives and offers to get customers in the door, from […]