Category: Syndicated

Political uncertainty ahead of European elections prompted nervous investors to sell the euro and kept French government debt under pressure on Wednesday while the price of safe-haven gold hit three-month highs. Three months before the final round of France’s presidential election, investors are concerned about the strong showing of far-right candidate Marine Le Pen, who […]

Office space is in such demand in Dublin that tenants are committing to lease contracts before a building has even been constructed. A new report from auctioneers Savills shows there was a huge surge in “pre-letting” in the final quarter of last year. Pre-lets accounted for 44pc of all Dublin office spaced leased, according to […]

Global web and application server Nginx is to create 100 jobs at a new facility in Cork. The new jobs will be created over the next three years as the company seeks to expand its EMEA operations. The Cork base will be the group’s headquarters in the EMEA region and will allow the company to […]

Energy firms face probe for manipulating costs to keep consumer prices high. A probe is to be carried out by the Commission for Energy Regulation to see why retail energy prices have not fallen more for customers. In a review of retail competition in the energy market, the regulator said wholesale energy costs had fallen […]

Consultancy giant Accenture is to add 300 jobs to its Dublin operation in a move that will increase the size of the firm’s headcount in the capital to 2,500. The new positions are to be filled in the areas of design and technology. One third of the jobs will specifically focus on the Internet of […]

Revenue Commissioners have issued a warning about the latest email scam to hit people’s inboxes. Their security team has advised anybody who followed up to the email to contact their bank or credit card company immediately. The fraud email and texts purport to come from Revenue and claim they are looking for an update on […]

The total cost of the bank bailout is now likely to fall “comfortably” below €30bn, taking into account a surplus from Nama, Investec’s Philip O’Sullivan said yesterday. The State bad bank said yesterday that it had paid off a further €1.09bn owed to banks whose property loans were transferred into the agency in 2010. Nama […]

GIBRALTAR’S top insurance regulator has insisted that companies there operate at the same standard as others in the EU, including Ireland. She was responding after the Irish Independent revealed that senior Central Bank staff here had raised repeated concerns with the Gibraltar Financial Services Commission in relation to some motor insurers selling in Ireland. The […]

KBC Bank said it will look at buying bank or insurance businesses here after taking a decision to remain in the Irish market. Ulster Bank and Permanent TSB have long been tipped as potential tie-up partners for KBC Ireland. A merger with one or both would add scale to the business here, which is dwarfed […]

Former CRH chief executive Myles Lee is joining the board of UDG Healthcare as a non-executive director. He’ll take up the role in April. It’s the third directorship Mr Lee has taken at a stockmarket-listed company since he retired from CRH in December 2013. In 2015, he joined the board of global firm Ingersoll Rand, […]