Category: Syndicated

This week was a busy one in the Irish banking landscape as AIB, Bank of Ireland and Permanent TSB all reported annual results for 2021. There were many angles arising – from a return to profits, to the resumption of dividends, and progress on the purchase of new assets, to the reduction of the State’s […]

Since the end of last summer, inflation has rebounded across our own economy as well as the rest of the euro area, the UK and the US. But this week, as the war in Ukraine became more brutal and the impact of sanctions against Russia rippled out, it became clearer that what we’ve experienced up […]

One of the surprises of the recession caused by the pandemic is that, unlike the financial crisis over a decade ago, this time round there has not been significant permanent destruction of jobs nor a semipermanent rise in unemployment. Quite the contrary: many economies, including Ireland, are experiencing shortages of workers in some sectors, as […]

The European Commissioner for Financial Services, Financial Stability and Capital Markets Union, has said nothing is off the table when it comes to potential further action by the European Union on sanctions against Russia. Mairead McGuinness said everything the EU does will be about attacking Russia’s war machine by “pulling away money” but while also […]

The commercial vacancy rate across the country reached 13.9% in the final quarter of last year, the highest level recorded by GeoDirectory in nine years of reporting. There were 29,317 commercial units vacant across the country, according to the report which was prepared by EY. The data reveals that commercial vacancies increased in 15 out […]

Growth in the country’s service sector picked up strongly in February, as the recovery from the pandemic gained momentum following the lifting of Covid-19 restrictions. The AIB Services PMI rose sharply to 61.8 from 56.2 in January and 55.4 in December. Readings above 50 indicate overall rises in activity. The latest reading signalled the fastest […]

Euro zone inflation soared to another record high last month, intensifying a policy dilemma for the European Central Bank, which must convey a sense of calm amid war-related market turmoil but also respond to mounting price pressures. Inflation in the 19 countries sharing the euro accelerated to 5.8% from 5.1% in January, beating expectations for […]

Oil prices surged to seven-year highs today as supply disruption fears mounted following hefty sanctions on Russian banks amid the intensifying Ukraine conflict,. Traders are scrambling to seek alternative oil sources in an already tight market. Brent crude futures gained $5.30, or 5%, to $110.23 a barrel in early trade, a level last seen in […]

Groups representing trade unions and employers will address the Joint Oireachtas Committee on Enterprise, Trade and Employment on new remote working legislation. The Irish Congress of Trade Unions and business group Ibec will appear before the committee on Enterprise, Trade and Employment to give their views on the Right to Request Remote Working Bill. Details […]

Subsidy rates for the Government’s Employee Wage Subsidy Scheme (EWSS) are to be cut further from today. The changes will mean that all rates will be reduced to €100 per employee from now until 30 April. At that point the EWSS will end completely. However, those businesses who were directly impacted by the restrictions announced […]