Category: Syndicated

Average earnings rise by 3.5% last year – CSO

Average earnings in the economy rose by 3.5% last year, according to the latest figures from the Central Statistics Office. The highest earnings were in the Information and Communication sector while the lowest earnings were in the Accommodation and Food Services sector.  Today’s CSO figures show that in the last three months of last year, […]

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Enterprise Ireland invested €24m in Irish start-ups

600 delegates are attending the Enterprise Ireland Start-Up Showcase today in Croke Park. Enterprise Ireland, the government agency responsible for the development and growth of Irish companies in global markets, invested a total of €24m in Irish start-ups in 2019 and supported a total of 127 start-up companies. The investments were provided through Enterprise Ireland’s […]

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Early gains fade for European shares as virus fears weigh

European shares edged lower today after recording their worst losses since June 2016 in the previous session. Trading was still dominated by concern that the coronavirus outbreak is spreading fast outside China. After opening up about 0.4%, the pan-European STOXX 600 shed those gains more than hour into trading to trade 0.3% lower.  Banking shares were […]

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EU budget summit ends with no agreement

A marathon EU summit called to set the next seven-year budget ended in impasse tonight after the 27 member countries failed to find common ground. The two-day gathering saw a stand-off between poorer countries and “frugal” member states seeking to rein in spending. The departure of the UK means there will be a hole of […]

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Hotel sector reports mixed performance for 2019

The hotel and guesthouse sector here experienced a mixed performance for 2019, against the backdrop of a significant fall in overseas visitor growth.  New figures from the Irish Hotels Federation show that room occupancy nationally grew marginally during the year, finishing at 73% compared to 72% in 2018.  However, the wide gap between the occupancy […]

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Virus pandemic fears knock European markets

A jump in number of coronavirus cases outside China hit European shares this morning, as investors feared the outbreak will take a bigger toll on global growth than anticipated. The pan-European STOXX 600 tumbled 2.5% in early trade, on pace for its biggest percentage loss since October, with all the major regional indexes down over […]

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Consumer prices rose by 1.3% in year to January

Consumer prices rose by 1.3% in the year to the end of January, according to the Central Statistics Office, maintaining the level recorded at the end of 2019. Prices fell on a monthly basis, however, by 0.7%. According to the CSO prices in education saw the biggest increase over the 12 month period, up 4.1%.  […]

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NTMA sells €500m of Treasury Bills with -0.535% yield

The National Treasury Management Agency has sold €500m worth of Treasury Bills. The manager of the State’s finances said it received bids worth a total of €1.425 billion – almost three times the amount on offer. The bills have a maturity of six months and were sold at a yield of -0.535%. Today’s auction was […]

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Significant gaps as EU budget negotiations to resume

EU leaders will resume negotiations this morning on the seven year budget after failing to make any breakthrough in talks late last night. There are still significant gaps between bigger net contributors and poorer member states over the size of the budget and what the spending priorities should be. Leo Varadkar is expected to join […]

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European shares hit record high on drop in new coronavirus cases

European shares notched a fresh record high on Wednesday, as a decline in the number of new coronavirus cases and hopes of more stimulus from Beijing helped a recovery from fears of a sustained hit to global supply and demand. DUBLIN Glanbia, which is due to publish full-year results next week, was one of the […]

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