The value of old Irish money that has not been swapped for euro since the change in currency equates to around €350 million. It is 18 years since the punt ceased to be legal tender in Ireland. The Central Bank said over €224m in old Irish notes and more than €123m in old Irish coins […]
Author: Practicenet
Revenue has today outlined what it has described as the most significant changes to the tax system since 1960 when PAYE was introduced. The changes are intended to make tax matters easier for the general public by removing much of the paperwork that normally goes in tandem with paying tax. The new system will result […]
Nearly 4,200 mortgages were approved in the month of November, according to figures from the Banking and Payments Federation. It was down around 7.5% on the approval numbers in October, but up 2% on November of 2018. In value terms, it amounted to €960 million in November. That measure was also down month-on-month, but up on the […]
Exchequer figures to be released later today are expected to show a surplus of €1.5bn for last year. The surplus is mainly due to higher than forecast levels of corporation tax on company profits. The forecasts for corporation tax were revised upwards three times in 2019. The final figure is expected to be €1.4bn ahead […]
The final AIB PMI survey of Irish manufacturers for 2019 revealed a further deterioration in business conditions in December. The extent of the downturn remained mild, with new orders and employment only fractionally lower than in November. Exports remained the main drag on total new orders, linked to a weak UK market. Output was cut […]
The euro, the pound and some trade-sensitive currencies rallied as the dollar slid to a six-month low today. Investors are confident that global growth prospects are improving and that US-China trade relations are getting significantly better. After staying strong for much of 2019 thanks to the relative outperformance of the US economy and investors’ preference […]
Gold rose to its highest level in more than three months today, capping its best year in nearly a decade, on a weakening dollar and year-end buying in thin-volume trading. Spot gold hit its highest since September 25 at $1,524.20 and was last up 0.5% to $1,522.89 per ounce. US gold futures rose 0.4% to $1,524.70. […]
Oil fell on the last trading day of 2019 but was still on track for monthly and annual gains, supported by a thaw in the prolonged US-China trade row and Middle East unrest. Brent crude was up 11 cents at $66.78 a barrel this afternoon, while US West Texas Intermediate (WTI) crude rose six cents […]
Housing prices saw their first annual fall since 2012 this year, the latest Daft.ie Sales Report shows today. Housing prices fell by 1.2% during 2019, with the average price nationwide in the final quarter of the year standing at €250,766. This was 2.4% lower than in the third quarter and 1.2% lower than a year […]
The euro hit a four and a half month high today as optimism over US-China trade relations and the global growth outlook knocked demand for dollars. Thin end-of-year volumes exacerbated the broad weakness in the greenback, which has seen it dip for three sessions in a row and on Friday suffer its biggest one-day fall […]
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