Category: Syndicated

Shares in Ireland’s biggest construction company soar as investors hope it will benefit from Trump’s infrastructure plans

Shares in ireland’s biggest company, building materials giant CRH, have soared nearly 7pc this morning as investors bet that it will be a big beneficiary from Donald Trump’s plan to pump money into America’s infrastructure. CRH, headed by chief executive Albert Manifold, generates about 60pc of its profits in the United States, and is heavily […]

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Markets plummet as Trump elected US president

Global stockmarkets have plunged as Donald Trump emerged victorious in the US presidential election this morning. His protectionist outlook and unpredictable nature have struck terror into investors, who dumped stocks and fled to commodity and currency safety zones including gold and the Japanese yen. Ireland’s ISEQ Overall Index was 0.5pc soon after the open this […]

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Noonan to file Apple appeal as MEPs attack Irish tax regime

Ireland will today launch a formal appeal against the controversial EU ruling that Apple received an unfair tax deal worth €13bn, and must pay it back with interest. The Minister for Finance Michael Noonan said he would file the appeal against the European Commission’s decision to force Ireland to claw back the claimed tax subsidies, […]

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Mexico defends €7bn telecoms tender after Ganley bid disqualified

Mexico’s government has defended the exclusion of Declan Ganley’s Rivada from a massive €7bn telecoms tender process. The Galway-based businessman and political campaigner criticised the process on Friday night, after Mexican authorities disqualified a consortium he backs from the running to build and run a national wholesale mobile network, dubbed Red Compartida. That decision left […]

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Mexico defends €7bn telecoms tender after Ganley bid disqualified

Mexico’s government has defended the exclusion of Declan Ganley’s Rivada from a massive €7bn telecoms tender process. The Galway-based businessman and political campaigner criticised the process on Friday night, after Mexican authorities disqualified a consortium he backs from the running to build and run a national wholesale mobile network, dubbed Red Compartida. That decision left […]

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Ryanair shares surge as airline to carry 200 million by 2024

Ryanair may apply for a British operating licence to retain post-Brexit untrammelled access to its biggest market. The Irish airline said yesterday that it is on course to carry 200 million passengers by 2024, after lifting its growth forecast by 10pc. Ryanair said it’s growing as other airlines are being sidelined by bruising competition in […]

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World’s biggest banks brace for financial tumult after US election result

BIG global banks, including Morgan Stanley , JPMorgan Chase & Co and Goldman Sachs Group Inc are bracing for potential tumult on financial markets after Tuesday’s U.S. election. As the outcome of the most bitterly fought U.S. presidential elections starts to roll out by Wednesday in Asia, the regional markets will the first to trade […]

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Retaining fossil fuel stocks ‘cost State €100m’

The State-backed Ireland Strategic Investment Fund (ISIF)would have made around €22m more than it did at the end of last year had it sold off its fossil fuel stocks and invested in clean energy, a report has claimed. The paper, commissioned by Trocaire, argues retaining fossil fuel investments cost ISIF around €100m in the past […]

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A ‘hard’ Brexit will wipe €12bn off our economy, experts warn

The Brexit could reduce the paper value of the Irish economy by about €12bn after five years, a study has warned. The joint paper by the Department of Finance and ESRI calculates a so-called hard Brexit would leave Irish economic output around 3.5pc below what it otherwise would have been. Even under a soft exit, […]

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New entrant to the mortgage market to begin selling directly to Irish consumers

New entrant to the mortgage market Pepper will begin offering home loans directly to consumers from today. The Australian owned non-bank lender entered the market earlier this year, initially offering mortgages through brokers. From today, Pepper is to begin selling mortgages directly to Irish customers. Its new retail consumer brand, Pepper Money also plans to […]

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