Category: Syndicated

Jobless rate falls to 11 year low of 5.4% in March

Jobless rate falls to 11 year low of 5.4% in March New figures from the Central Statistics Office show that the unemployment rate fell to an 11-year low of 5.4% in March from a rate of 5.6% in February. The CSO said the seasonally adjusted number of people who were unemployed stood at 131,300 in […]

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AIB to sell €1 billion non-performing loan portfolio

AIB to sell €1 billion non-performing loan portfolio AIB has agreed a deal to sell a €1 billion portfolio of non-performing loans to Everyday Finance, as part of a consortium with Everyday and affiliates of Cerberus Capital Management. The portfolio consists of about 2,200 non performing loans, with around 95% over two years in arrears […]

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Euro zone inflation slows to 1.4% in March

Euro zone inflation slows to 1.4% in March Inflation in the euro zone slowed in March, data showed today, amid worries that the European economy is cooling. The slowdown of inflation comes as signs are multiplying of slower economic growth, especially in powerhouse Germany and the bloc’s second-biggest economy, France. The rise in consumer prices […]

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New car registrations slow down by 5.6% in March – SIMI

New car registrations slow down by 5.6% in March – SIMI New figures published today show that total new car registrations fell by 5.6% to 16,738 in March compared to the same time last year. The Society of the Irish Motor Industry (SIMI) figures show that new car registrations for the year to date are […]

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New Revenue system to hit SMEs for unpaid tax

New Revenue system to hit SMEs for unpaid tax The Revenue Commissioners will chase more small companies for unpaid tax following the launch of a new high-tech debt management system. Revenue’s Debt Management Services (DMS), which was brought in last week, uses technology to deal with a wider range of taxpayers. This will include those […]

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Energy bills going up for 1 million customers

Energy bills going up for 1 million customers Over 1 million energy customers will feel the impact of larger bills from today. Electric Ireland and PrePayPower are increasing their gas and electricity prices by 4% and 3.9% respectively, having frozen them over the winter months. The increase will add around €38 a year to the […]

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Manufacturing growth holds steady as Brexit boosts inventories – PMI

Manufacturing growth holds steady as Brexit boosts inventories – PMI Manufacturing activity grew at an almost identical rate in March compared to a month earlier, as further stockpiling ahead of Brexit mostly offset a dip in the level of output growth, a new survey shows. AIB’s manufacturing purchasing managers’ index stood at 53.9 in March, […]

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Irish shipping industry booming amid Brexit fears

Irish shipping industry booming amid Brexit fears The Irish shipping industry has seen a marked increase in business as companies bypass British ports amid Brexit fears. Irish ports have been forced to adapt quickly and increase capacity for direct sailings to continental EU ports as manufacturers increasingly see Irish ports like Dublin and Rosslare as […]

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Irish shipping industry booming amid Brexit fears

Irish shipping industry booming amid Brexit fears The Irish shipping industry has seen a marked increase in business as companies bypass British ports amid Brexit fears. Irish ports have been forced to adapt quickly and increase capacity for direct sailings to continental EU ports as manufacturers increasingly see Irish ports like Dublin and Rosslare as […]

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Asking property prices continue to moderate in 2019

Asking property prices continue to moderate in 2019 House prices are still rising, but they are doing so at a slower rate, according to a new report from property website Myhome.ie. The Myhome.ie report showed that the trend of downward house price inflation – first noticeable in the second half of 2018 – has continued […]

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