Category: Syndicated

ONE of Ireland’s largest local authorities has opted not to reduce its Local Property Tax (LPT) rate for 2017 amid concerns over the funding shortfall it would create. Cork Co Council rejected proposals by both Fianna Fáil and Sinn Féin to cut the base rate of LPT. The LPT rate will now remain unchanged next […]

Two companies are to create 140 new jobs over the next five years in the areas of technology and medicine. Software firm WP Engine has opened a new technical support and innovation centre in Limerick, which will lead to the create of 100 new jobs over the next three years. WP Engine powers digital experiences […]

Ireland will escape being hit with an extra €280m in EU budget contributions due to the 26pc spike in the country’s wealth which was dubbed “leprechaun economics”. The huge surge in Gross Domestic Product (GDP) caused by multinational companies’ accounting changes was revealed in late July. What was expected to be a 7.8pc increase in […]

TWITTER shares soared over 18% on reports that tech giants including Google are circling the social media site. Twitter is said to be in talks with several companies and could receive a bid soon, business broadcaster CNBC reported, citing sources. Google and Salesforce.com are said to be among the firms eyeing the microblogging site. US-listed […]

Ireland has shaved 0.5pc off its growth forecast for 2016 as well as 2017 ahead of a budget due next month that will aim to “Brexit-proof” the economy from further damage, the minister for public expenditure said on Thursday. Ireland is considered especially vulnerable to the knock-on effects of Britain’s decision to leave the European […]

CASH buyers of properties pay less, a new official survey shows. Prices rose by 6.7pc in the year to July, the Central Statistics Office said. The CSO had revamped its property price index to include cash purchases for the first time. It indicates that Dublin 6, which includes Dartry and Rathgar, has the most expensive […]

The iconic Portobello House at the top off Lower Rathmines Road Dublin 8 has been sold along with an adjoining sire for €10m, it is understood. According to a report in The Irish Times, the Georgian House, which sits on the edge of the Grand Canal, by one of Dublin’s biggest property developers, MKN Property […]

Domestic spending has overtaken exports as the key driver of growth in the Irish economy, according to the latest research from the ESRI. It’s a shift compared to the earlier phase of the Irish recovery which was driven largely by a surge in exports. “There is now a considerable contrast between the domestic and external […]

British Prime Minister Theresa May met business chiefs from firms including Goldman Sachs, IBM and Amazon.com on Monday in an attempt to reassure investors after her country’s shock vote to leave the European Union. The June 23 vote took many investors and chief executives by surprise, triggering the deepest political and financial turmoil in Britain […]

Ryanair boss Michael O’Leary has rubbished British Government claims it will secure favourable trade deals post-Brexit, insisting the UK will be “screwed” in negotiations. The outspoken Remain campaigner said most of the Cabinet did not have a clue what Brexit will look like, and described predictions of positive agreements as “arrogant nonsense”. “I have no […]