Category: Syndicated

Members of the Bank’s Monetary Policy Committee voted 8-1 to hold rates, but minutes of the meeting showed most expect action to be taken next month. One member – Gertjan Vlieghe – voted for an immediate cut to 0.25% amid signs that the EU referendum decision was already hitting parts of the economy, with growth […]

The interest cost on Ireland’s debt fell below €7bn last year, the National Treasury Management Agency (NTMA) has said The agency said the early repayment of Ireland’s IMF loans helped contribute to that. But the organisation’s chief executive, Conor O’Kelly, warned that while the State’s debt dynamics are favourable, the debt pile remains at over […]

Theresa May will make appointing a cabinet minister to take charge of Brexit one of her first tasks as she takes the keys to No 10. Britain’s new prime minister will swiftly begin drawing up her new top team and is expected to increase the number of women in government. David Cameron will take to […]

Official figures showing the economy grew by an unprecedented 26pc last year have been roundly dismissed as “farcical and meaningless”. Worryingly, the true size of the country’s economy is now a mystery because of the distorting effect of foreign companies registering here in order to avoid paying tax elsewhere. The country’s status as a magnet […]

The Strategic Banking Corporation of Ireland (SBCI) and Bibby Financial Services Ireland (BFSI) have launched a new €45m invoice financing fund for small and medium enterprises (SMEs). The new fund makes more favourable rates for BFSI’s invoice finance facilities accessible for Irish firms and is available immediately. Invoice financing frees up cash for company by […]

European Union finance ministers endorsed on Tuesday a deficit sanction procedure for Spain and Portugal, paving the way for the EU executive to propose possible fines in the next 20 days. The European Commission said last week that Madrid and Lisbon had not done enough to correct their excessive budget deficits last year and in […]

The Irish economy grew, in GDP terThat’s dramatically faster than the 7.8pc growth rate estimated in March, the Central Statistics Office said this morning. The dramatic hikes were due to contributions from the likes of the aircraft leasing sector and multinationals -increases in the stock of capital assets of companies, company relocations, a massive jump […]

Average rents of €200 to €250 per week per room at Montrose Ziggurat, the UK-based developer of student accommodation behind the conversion of the former Montrose Hotel into student accommodation, has acquired a number of key sites in Dublin’s north city centre as part of its plans to build up to 4,000 new student units […]

European stock markets were seen opening higher on Monday, according to pre-market calls from financial bookmakers, tracking gains on Asian and US equity markets. Britain’s FTSE 100 was seen opening up by 30-34 points, or 0.5pc higher. Germany’s DAX was seen up by 91-98 points, or 0.9-1.0pc higher, while France’s CAC . was seen up […]

The pace of construction sector expansion quickened last month, new figures indicate. Faster rates of activity, new orders and employment were all recorded in June, according to the Ulster Bank’s Purchasing Managers’ Index (PMI). The benchmarked index provides a snapshot of economic performance. It recorded the fastest increase in constriction activity for three months. Simon […]