Category: Syndicated

Sterling hit a new three-year low against the euro yesterday, placing further pressure on Irish exporters. The pound traded above 87 pence to the euro for a short period – for the first time since August 2013 – before dipping below it again. Hard economic data for July is due to be released this week, […]

The Bank of Tokyo-Mitsubishi is helping to bankroll the construction of five new schools being built in Ireland under a public-private partnership programme. UK firm InspiredSpaces, which won one of the contracts to build a number of new schools here, has secured the finance from the bank. The InspiredSpaces unit that won the contract is […]

Developers Greg Kavanagh and Pat Crean have changed initial plans for a development consisting of 400 houses and apartments near St Anne’s Park in Raheny, Dublin. The pair, operating through their company Crekav Landbank Investments, have reconfigured the project after nearly 300 objections were made to the scheme, according to a report in The Irish […]

Private investigators are using vehicle-tracking devices to carry out illegal surveillance on insurance customers suspected of making fraudulent claims. The investigators, also known as ‘tracing agents’, are themselves being investigated for placing spy equipment underneath cars belonging to unsuspecting policy holders. The shocking scale of the covert surveillance being used by private investigators is laid […]

Irish consumer spending has thus far been free from the effects Brexit as spending in the second quarter of the year increased by 5pc, new research has show. According to the Consumer Market Monitor household debt is now at its lowest since 2006 and coming down by around 2.4pc per year. The monitor also points […]

Insulation company Kingspan has clawed back around half of its share price after it took a substantial blow following Britain’s decision to leave the European Union. Shares in the company fell from €25.05 to €19.80 overnight after the Brexit result was confirmed, however share prices have continued to rise since then. Kingspan shares now stand […]

Dublin has less office space and higher commercial rents than Frankfurt, making it a less attractive option for business looking to relocate from post-referendum London, a German think tank has claimed. As European Union countries ramp up efforts to carve up the Brexit spoils from the City of London, the Cologne Institute for Economic Research […]

Surging motor insurance premiums have seen inflation hit its highest level in three years. Motor premiums were up 38.3pc in the year to July, according to inflation figures from the Central Statistics Office. Over the last three years, the average premium is up 70pc, according to a deeper analysis provided by the CSO. The ongoing […]

TECH giant Apple has been given the green-light to build an €850m data centre in Co Galway. An Bord Pleanála has granted planning permission for a 24,500 square metre data centre which will help run online services including the iTunes store, App store and Siri. Among the reasons why the project was approved included the […]

Ireland’s economy grew by close to 5pc in the first half of 2016 and by 6pc last year Davy Stockbrokers has said. Despite recently published figures from the Central Statistics Office that pointed to 26.3pc growth in domestic GDP last year, Davy believes underlying growth was much lower last year. Davy analyst Conall MacCoille also […]