Practicenet, Author at Michael F. Dolan & Co

First-time buyers feel ‘pushed out’ by bulk investors

June 28, 2019By Practicenethousing

First-time buyers feel ‘pushed out’ by bulk investors Fianna Fáil is calling on the Government to restrict tax incentives for institutional investors in the Irish property market. The party said so-called “cuckoo funds” have given rise to entire housing developments being snapped up, locking out first-time buyers. A review by the Department of Finance into […]

Germany, Italy drive euro zone economic sentiment down to 3-year low

June 28, 2019By Practiceneteurozone, Syndicated

Germany, Italy drive euro zone economic sentiment down to 3-year low Euro zone economic sentiment dropped to its lowest point in nearly three years in June as confidence fell markedly in the bloc’s largest economies – Germany and Italy – European Commission data show. The Commission said that its main indicator of economic confidence dropped […]

Debt costs up for business despite ECB rate-cut talk

June 27, 2019By Practicenetecb, Syndicated

Debt costs up for business despite ECB rate-cut talk Borrowing costs for small and mid-sized businesses in Ireland increased in the first three months of the year, despite the wider speculation in the economy that interest rates will fall. Irish SMEs already pay some of the highest borrowing costs in Europe. The latest Central Bank […]

Road freight tonnage increased by 1.4% in 2018

June 27, 2019By Practicenetfreight

Road freight tonnage increased by 1.4% in 2018 A total of 149.2 million tonnes of goods was transported by road last year, new figures from the Central Statistics Office show, an increase of 1.4% on the 2017 total. But the CSO said that activity measured as weight by distance was 11,445 tonne-kilometres in 2018, a […]

Bank of Ireland’s chief finance officer to step down

June 27, 2019By Practicenetcfo, Syndicated

Bank of Ireland’s chief finance officer to step down Bank of Ireland has announced that its chief financial officer, Andrew Keating, is to leave the bank. Mr Keating, who has worked at the bank since 2004, is set to take up a “senior finance role” in an “international organisation outside the financial services sector”, the […]

Ireland runs risk of austerity-era spending cuts, economist to warn politicians

June 26, 2019By Practicenetausterity, Syndicated

Ireland runs risk of austerity-era spending cuts, economist to warn politicians Politicians will be warned today that Ireland runs the risk of austerity-era spending cuts if it continues with existing expenditure plans. Stephen Kinsella, Associate Professor of Economics at University of Limerick, will address the Budget Oversight Committee on the same day as the Government […]

UK car industry warns next PM no-deal Brexit is not an option

June 26, 2019By Practicenetcar

UK car industry warns next PM no-deal Brexit is not an option Britain’s car industry has warned the next prime minister against a “seismic” no-deal Brexit in October, which it said could add billions of pounds in tariffs and cause border disruption, crippling the sector. Boris Johnson, the frontrunner to succeed Theresa May, and his […]

Government to borrow to cushion impact of hard Brexit

June 26, 2019By Practicenetgovernment, Syndicated

Government to borrow to cushion impact of hard Brexit October’s Budget will involve a package worth €2.8 billion, Minister for Finance Paschal Donohoe said as he published the Government’s Summer Economic Statement. However, €2.1 billion of that is already committed to current and capital spending plans, which leaves just €700m to be allocated on budget […]

Report suggests new agri-food area for Ireland, UK

June 25, 2019By Practicenetarea

Report suggests new agri-food area for Ireland, UK A new shared food safety and animal health area taking in the island of Ireland and the island of Great Britain as a whole should be created to prevent the Irish backstop taking effect, according to a report by a UK non-government body of MPs, academics, trade […]

Second-hand property prices continue to drop in Dublin – survey

June 25, 2019By Practicenetproperty, Syndicated

Second-hand property prices continue to drop in Dublin – survey Second-hand property prices in Dublin have decreased by an average of €4,500 in the past three months, a survey has found. The Real Estate Alliance survey found the average house price for a three-bed semi-detached house in Dublin stands at €433,000, for the second quarter […]

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Author: Practicenet