Category: Syndicated

The Central Bank has issued a stinging criticism of the way risk is managed in some Irish stockbrokers, investment firms, and fund service providers. The bank said it had found “notable inconsistencies and deficiencies” in the way firms managed risk. It did not name individual firms but said it was following up with companies where […]

Thousands of people who are due to renew their health insurance in the next few weeks have been warned to act now to avoid huge increases in the cost of cover. Up to 400,000 people are due to renew by the end of January. But most insurers have imposed double-digit rises in the cost of […]

Long queues at the supermarket could soon become a distant memory after Amazon unveiled a grocery store without tills or barcode scanners. The internet retailer has opened a grocery store in which shoppers only have to scan their smartphone upon entry, with purchases automatically charged to a credit card when they leave the store. The […]

Property agent Savills Ireland is predicting rises of 7pc to 10pc for retail property rents by 2018, notwithstanding the recent slowdown in the sector. Savills’ latest quarterly Market in Minutes Ireland Retail report says a “notable softening” in short-term indicators, including retail sales, VAT receipts and consumer sentiment, is driven by economic and political uncertainty […]

Irish manufacturing output picked up in November, with the pace of export growth in particular accelerating. The data, showing the fastest growth in eight months, suggests Irish industry is adjusting relatively well to the big swings in the currency market since the June Brexit vote. In contrast, British manufacturing growth cooled unexpectedly in November as […]

A new strategy aimed at promoting Ireland as a whiskey tourism destination will be unveiled this week. The campaign, which has national and local government support, is targeting massive tourism growth, building on the 653,277 tourists who visit an Irish whiskey distillery each year and increasing this figure to 1.9m by 2025. The Irish Whiskey […]

When a recovery begins, and as consumers loosen their personal purse strings, companies tend to have existing employees work extra hours and overtime rather than taking on new people. That is because the cost invested in the hiring and training of new staff could be lost if the upturn peters out and the newly employed […]

A new €70m funding package that will allow small Irish businesses to borrow specialist equipment and vehicles at a lower cost has been announced. SMEs can avail of a 1.57pc discount for specialist machinery as part of the scheme from the Strategic Banking Corporation of Ireland (SBCI) and FEXCO Asset Finance. The product offering from […]

John and Patrick Collison, the Limerick brothers that set up micro-payments firm Stripe, have become Ireland’s youngest billionaires after their latest funding round, which raised $150m at a $9bn valuation.  The pair own just under 30pc of the business and according to the Bloomberg Billionaires Index the net worth of their stake in the firm […]

Experts in complex international tax avoidance schemes are to be recruited by the Revenue Commissioners to inspect the books of big multinationals based here. The new hires will carry out transfer pricing audits on large corporate firms, “compliance interventions” and manage the roll-out of country-by-country reporting. They’ll also be asked to draw up strategies to […]