Category: Syndicated

Irish gold mining firm Conroy Gold and Natural Resources has found four new gold zones on its Glenish target in Monaghan. The discovery was made in a 150 metre-wide structural corridor in the western part of the Glenish gold target. It included intersections of 2.25 metres grading 2.65 g/t gold, at a depth of 18 […]

Deutsche Bank has cast doubts on the ability of Ireland to win increased foreign direct investment in the wake of Brexit. The global finance house also warned of a “marked slowdown” in Irish economic growth. Deutsche said Dublin’s capacity to take advantage of the dislocation from London of financial services firms has “limits”. In a […]

Asian shares extended gains to nine-month highs on Friday, on track for a solid weekly rise, as better-than-expected economic data from China lifted risk sentiment that was already buoyant after record highs on Wall Street. But European stock markets were expected to dip lower at the open, while travel stocks could come under pressure after […]

Theresa May’s new Government has indicated it is prepared to spend in order to stabilise the economy, as it set out a blueprint for post-Brexit Britain. In a major shift away from the era of austerity imposed by George Osborne, the former chancellor, his successor Philip Hammond suggested that his Treasury will borrow in order […]

The hit to Bank of Ireland’s pension scheme from Brexit will dent the bank’s capital, making a dividend pay-out to shareholders less likely, an analyst has warned. The State’s 14pc stake makes it the bank’s biggest shareholder. In a trading update released to shareholders, BoI said the Brexit decision has resulted in the bank revising […]

The ISEQ Overall index of Irish shares fell by 10.6pc in the second quarter of this year and is down 16.9pc overall for the year to date. The ISEQ Overall index fell by 10.6pc in the second quarter of this year and is down 16.9pc overall for the year to date. In a statement, the […]

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 […]