News

Hostelworld shareholders raise £61m after selling stock

Luxembourg-based parent H&F and members of the Duffy Family sell 23.5m shares Shareholders in Irish travel website Hostelworld have raised £61 million (€77m) after selling their stock. The company, which floated in November, said its Luxembourg-based parent H&F, and members of the Duffy Family, sold 23.5 million shares in Hostelword at a price of 260 […]

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Global slowdown starts to hit Irish jobs market

More people are chasing almost the same number of available jobs as a year ago, according to the latest employment monitor from recruitment firm Morgan McKinley. The availability of professional jobs remained almost constant at 37,171 in the first three months of 2016 compared to the same period last year, while the number of professionals […]

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Dublin Port busier than during the boom as trade soars

The Dublin Port Company has paid an almost €11m dividend to the State as trade and profits surge at the semi-state business. The dividend for 2015 is almost 24pc more than was paid by Dublin Port in respect of 2014. Dublin Port Company chief executive Eamonn O’Reilly said that 2016 had started strongly, with the […]

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EU unveiling new tax rules for multinationals: 7 things you need to know

The EU is unveiling new rules around multinationals, their taxes and revenues. Here’s what you need to know: 1 What is the EU asking companies to do? The EU wants multinationals to pay tax where they do business – and show it. That means revealing details on staff numbers, turnover, profits and tax bills for […]

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Safe harbour: Fears for Irish jobs in new threat to data treaty with US

European data privacy agencies may be set to reject a treaty between the EU and the US on data privacy, a move that could cost Irish companies dearly. According to leaked documents published by German data protection authorities, Europe’s most influential privacy regulators are to say that the so-called ‘Privacy Shield’ accord agreed by the […]

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European stock bounce counters broader market gloom

World markets struggled for direction on Monday, with renewed strength in the yen, government bonds and gold pointing to heightened caution among investors, but a sharp rebound in European stocks suggesting a pent-up appetite for risk. As the U.S. first quarter earnings season kicks off and G20 finance chiefs gear up for talks in Washington […]

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Number of houses for sale now is lower than during recession

A chronic lack of homes across the country means there are now fewer houses for sale than when the property market collapsed during the darkest days of the recession. And an analysis of recent trends in the residential market by property website Daft.ie shows the total number of properties for sale at any one time […]

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Government to raise €750m in bond auction

THE National Treasury Management Agency is to raise €750m in a bond auction on Thursday April 14. Earlier this month, the agency, which is responsible for borrowing on behalf of the exchequer, borrowed €100m through issuing Ireland’s first-ever 100-year note with an interest rate of just 2.35pc. This is seen as very cheap for a […]

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Ireland to gain flexibility on VAT rates as EC tackles fraud

Ireland could benefit from increased flexibility and discretion around the VAT rates it can apply as the European Commission bids to crack down on VAT fraud. As part of a new action plan for VAT reform the Commission is looking to reboot the existing system, which was implemented as a transitional measure in 1993. The […]

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Irish house prices and GDP to grow 5pc in 2016 – broker

Irish house prices are to increase on average by 5pc this year while the country’s gross domestic product (GDP) is also to increase by 5pc, according to Merrion Stockbrokers’ Quarterly Economic Outlook. The report expects an average unemployment rate of 8.3pc in a year where a British exit from the EU (Brexit) remains one of […]

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