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Government would try to house EU bank body

The Irish Government would consider making an attempt to house the European Banking Authority (EBA) in the event of its relocation from London but as yet there is no specific plan in place, the Irish Independent understands. Finance Minister Michael Noonan has said the Government is committed to maximising any opportunities that might arise out […]

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European, UK shares snap winning streak, silver surges

A post-Brexit recovery across European markets stalled on Monday with major share indexes mixed while safe-haven demand for precious metals helped the price of silver surge to a near-two year high. Light trading volumes ahead of a public holiday in the United States is likely to keep markets choppy through the day. Europe’s Stoxx 600 […]

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Brexit: Threat to Irish 12.5pc corporation tax as UK bids to slash rate

The UK is set to dramatically slash corporation tax rates to woo businesses deterred by Brexit, placing it in direct competition with Ireland for vital foreign direct investment. British Chancellor George Osborne outlined plans to aggressively cut its corporate tax to less than 15pc as he unveiled his plan to galvanise the economy. This would […]

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International survey ranks Ireland in Top 10

Ireland has moved into the top 10 ranking in a global reputation study. Amid the economic warnings over the Brexit fallout and the impact it could have here, Ireland has been ranked in ninth position by the public across the G8 nations out of 55 countries surveyed. However, the survey, published by The Reputations Agency […]

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Fidelity to move 100 jobs from London to Dublin

Fund manager Fidelity plans to move around 100 jobs from Britain to Dublin as a part of its long-term strategy, a spokesperson said in an email to Reuters. The company said the move was part of an existing plan and was not related to Britons’ vote last week to leave the European Union. It said […]

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IMF warns of Brexit global hit as Irish growth expected to ease

Cantor Fitzgerald has lowered Ireland’s growth forecasts for the coming years on the back of the Brexit vote, as the International Monetary Fund warned the uncertainty the result created is the biggest risk to the global economy. It came as ratings giant S&P downgraded the EU’s credit rating yesterday on the back of the vote. […]

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IMF warns of Brexit global hit as Irish growth expected to ease

Cantor Fitzgerald has lowered Ireland’s growth forecasts for the coming years on the back of the Brexit vote, as the International Monetary Fund warned the uncertainty the result created is the biggest risk to the global economy. It came as ratings giant S&P downgraded the EU’s credit rating yesterday on the back of the vote. […]

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Funds snapped up Bank of Ireland stakes in Friday crash

AKO Capital, a $9.5bn London-based hedge fund, has taken a 3pc stake in Bank of Ireland, securing its holding in the company last Friday as equities slumped on the back of the Brexit vote. It’s the first time that AKO has held a notifiable interest in the Irish bank, it’s understood. Shares in Bank of […]

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Clothing retailer Esprit says Brexit may hit consumer sentiment

Esprit Holdings said Britain’s vote to leave the European Union could affect consumer sentiment in its key markets in Europe, as global businesses and political leaders grapple with the fall-out of last week’s “Brexit”. Britain’s vote to leave the EU has reverberated through global financial markets, with the pound falling to its lowest level in […]

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Tullow’s TEN Project to deliver oil in “next three to six weeks”

Irish oil explorer Tullow Oil is expecting the TEN Project to deliver oil within the next three to six weeks – its first delivery oil since the company started the project three years ago. In a trading update released to shareholders this morning Tullow chief executive Aidan Heavey also said that production at its Jubilee […]

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