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Irish economic growth close to 5pc in first half of 2016 – Davy

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 […]

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KBC Bank Ireland post €39.5m profit as impaired loans fall 14pc

Profits at KBC Bank Ireland rose to €39.5m in the second quarter of 2016 from €17.8m during the same period last year. In the year to date the bank posted a net profit of €73.7m as it slashed its stock of impaired loans by 14pc to €6.1bn. The bank added 16,200 new customer accounts in […]

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Global experts combining to address cybersecurity issues at INM conference

Ireland’s first annual cybersecurity conference, InfoSec 2016, is set to address the main areas of IT security threats and the implications for businesses in Ireland. The conference takes place on November 15 in the RDS and is sponsored by technology expert eir Business, a Cisco Gold Partner. Among the keynote speakers are WikiLeaks journalist Sarah […]

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Average Dublin house is now four times dearer than one in Longford

Houses in Longford are selling for less than a quarter of the cost of Dublin properties, a new survey shows. It comes as evidence has emerged that the mortgage market is bouncing back with a jump in the number of home loans drawn down. But property prices remain muted in many rural parts of the […]

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Job vacancies in London’s financial sector fall as Brexit effect kicks in

Job vacancies in London’s powerhouse financial sector fell sharply last month as the Brexit vote applied the brakes to the pace of hiring, a report found. Heightened uncertainty surrounding Britain’s vote to leave the European Union saw the number of available jobs drop by 12pc month on month in July, according to a study by […]

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Volkswagen growth slumps in Ireland after emissions scandal

Irish car sales in July revealed mixed results for German car manufacturers. Last month’s figures, released by the Central Statistics Office (CSO), reveal an overall annual increase of 5.5pc for car sales across Ireland. July is an important month for car sales in Ireland because it’s the first month of the “162” sequence – traditionally […]

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Ireland has the gloomiest view of Brexit

Financial and economic experts in Ireland are the most pessimistic of any country about the impact of Britain’s withdrawal from the European Union, according to an influential German think-tank. More than 700 experts in more than 100 states across the world were asked how Brexit would affect their country and the Irish response was the […]

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Mortgage market bounces back as home loan drawdowns up 25pc

The mortgage market is bouncing back with a jump in the number of home loans drawn down. In the April to June period the number of mortgages drawn down rose to 6,800, the banks said. This was up 25pc compared with the previous quarter, with the market now at the highest level it was at […]

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The world’s largest meat company has just moved its HQ to Ireland

The world’s largest meat company JBS is to move some €30bn worth of assets to Dublin as the firm implements a major overhaul of its corporate structure. JBS’ headquarters will be moved to Dublin as part of the overhaul, according to a report in The Irish Times. The paper reports the Brazilian-based company paid €1.35bn […]

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Braemar a sturdy defence against the Brexit threat

Amid the entire clamour about Brexit and the consequent topsy turvy behaviour of the stock and foreign exchange markets, a few of the old rules still apply. In times of uncertainty, defensive stocks are the safest. It was during the search for one of these defensive investments among the ‘small cap’ UK companies that I […]

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