Hairdressers, barbers, spas, chiropractors and dentists were among the big beneficiaries of the Phase 3 reopening of the economy yesterday, according to transaction data from Revolut. Pubs and restaurants also got a boost from the restart of business, although to a lesser extent than the other big winners. Excluding online shopping, overall spending yesterday by […]
Category: Syndicated
The chief executive of Banking Payments Federation Ireland has said it is not unreasonable for banks to look closely at applicants coming forward for mortgages and loans. Brian Hayes’ comments follow news of AIB’s stricter lending guidelines as a result of the impact of Covid-19. Mr Hayes said that lenders have a responsibility to borrowers. He […]
The Oireachtas Special Committee on Covid-19 Response has heard calls for more help for small and medium businesses affected by the pandemic. The Chair of SME Recovery Ireland, John Moran, told politicians that small and medium businesses across Ireland are dying and need more funding to help them to survive. In his opening statement, Mr Moran called […]
The country’s unemployment rate, including those receiving temporary Covid-19 jobless benefit, fell to 22.5% at the end of June from 26.1% a month earlier, new figures from the Central Statistics Office show. Today’s monthly unemployment figures reflect the first two stages of the economy’s gradual re-opening. The unemployment rate, which stood at just 4.8% before […]
The Competition and Consumer Protection Commission has warned businesses that despite economic challenges, they must act independently in their commercial decisions, especially when setting prices and charges. The warning comes on the back of engagement between the CCPC and a number of trade associations after they made public statements about new potential charges and price increases, […]
The National Treasury Manangement Agency said today it plans to hold two bond auctions in the third quarter of this year. The NTMA said it will hold bond auctions on July 9 and September 10. The agency is also planning three Treasury Bill sales and these are pencilled in for July 16, August 20 and […]
The downturn in euro zone manufacturing was not as bad as initially thought last month after more economies in the bloc eased restrictions imposed to quell the spread of the coronavirus. Over 10 million people have been infected by the virus globally and more than 500,000 have died. This lead governments to impose lockdowns and force […]
The manufacturing sector returned to growth in June after recovering almost all of the sudden deterioration seen following the coronavirus-related shutdown of most of the economy in March, a survey showed today. The economy here has opened more gradually than much of Europe with large parts of the services sector including hotels, restaurants, hairdressers and […]
Lending to euro zone companies continued to surge in May as firms relied heavily on bank credit to stay afloat amid the continent’s coronavirus-related lockdown, data from the European Central Bank showed today. With millions of people in stuck at home and much of the bloc’s economy mothballed, activity came to a standstill in March […]
The number of new mortgage approvals in May was nearly 62% lower than the same month last year. According to the Banking and Payments Federation Ireland, the decrease was not unexpected given the scale of the lockdown and physical restrictions due to Covid-19. In total 1,879 new mortgages were approved by lenders here in May […]
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Loughrea,
Co. Galway.
EirCode: H62 HX65
Telephone: +353 (0)91 841518
Mobile: +353 (0)86 2550866
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Web: www.michaelfdolan.ie
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