Author: splash

The company marked the latest milestone in the NBP rollout at a farm in rural Co Cork. Peter Hendrick, the chief executive of National Broadband Ireland, the number of of homes, farms and businesses connected to the NBI network has doubled in the last nine months. “Over 180,000 premises are ready to connect by signing […]

The main Irish bank and non-bank lenders have agreed a new set of criteria designed to provide clear guidance to mortgage holders whose loans are managed by credit servicing on how they could potentially switch their loan to another provider. The criteria lay out agreed requirements that borrowers whose mortgages are with credit servicers would […]

The amount of corporation tax collected in August was over a billion euro less than the amount taken in the same month last year. In a statement, the Department of Finance said ‘a sharp decline’ had been expected but the 36% drop was ‘somewhat higher than anticipated.’ In August last year, the public finances received […]

Many employees are increasingly feeling cash-strapped as inflation continues to impact their ability to spend, according to a survey of Irish workers by PwC. The proportion of the Irish respondents who said that they are able to pay all the bills and have money left over for savings, holidays etc at the end of the […]

The latest Purchasing Managers Index from AIB marks two and a half years of successive monthly improvement in business activity, new business and employment. The report states that demand in the sector continued to bolster these increases. The index dropped slightly to 55, down from 56.7 in July and 56.8 in June. Readings above 50 […]

The economy continued to grow in the second three months of the year, according to the latest figures from the Central Statistics Office. Measured by GDP, which includes the activities of multinationals, the economy grew by 0.5% compared to the first quarter of the year. Modified Domestic Demand, which excludes some of the activities of […]

When the banks published their half year results in the early part of last month, it was clear that pressure was going to mount on them to improve the returns that they have been offering depositors. All of the main lenders reported bumper profits for the half year with interest income and interest margins looking […]

The Competition and Consumer Protection Commission (CCPC) has said that research it has carried out into pensions has revealed some concerning gaps in retirement planning. The survey of 757 people showed that one-in-ten 45-64 year olds do not have a pension. Pension ownership among the 45-54 age group stands at 76%, a sharp decline since […]

The National Treasury Management Agency said it is increasing the rates that apply to new fixed term and variable rate State Savings products. It also said it will almost treble the Prize Bond fund on offer to holders of Prize Bonds to €48m. All new interest rate changes and the new Prize Bond fund structure […]

AIB has become the latest bank to increase its interest rates on certain savings products, as well as on EBS saving accounts. The move comes amid growing calls for the benefit of European Central Bank rate increases to be passed on to savers. Increased deposit rates of up to 3% for both Regular Savers and […]