News

ISME writes to TDs to express Level 5 lockdown concerns

The Irish SME Association (ISME) has written to all TDs in Ireland to express its grave concern at the latest national “lockdown” due to Covid-19.  ISME told the TDs that it believes there are more effective, evidence-based and successful ways to respond to Covid-19, other than an arbitrary national lockdown.  The association called on TDs […]

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Pandemic sparks increase in online shopping

Two in five people stay they began shopping online for the first time at the start of the pandemic. It comes as an initial lockdown in Ireland at the end of March forced all non-essential retailers to temporarily pull down their shutters. Over half of consumers are increasingly shopping online due to Covid-19, according to […]

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Market for private rentals is strong with shortage of supply a big factor

The private rental market is among the few areas of the commercial property sector to so far escape being negatively impacted by the threat of a hard Brexit and Covid-19. This is due, in part, to a continued shortage of supply. There has been an escalation in interest from both domestic and international investors in […]

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Covid lockdowns bring recession threat back to Europe

Europe’s economic recovery is being cut short as governments implement new restrictions to fight the coronavirus that risk driving the region toward another recession. The four biggest economies are going into various forms of lockdown, overshadowing data that showed a record surge in third-quarter output. A new slump is on the cards, governments are pumping […]

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Ireland set for €8bn more ECB support

IRELAND is in line for €8bn of further borrowing support after the European Central Bank (ECB) signalled it would expand the Pandemic Emergency Purchase Programme (PEPP) in December. The predicted purchase of an additional €8bn in Irish Government debt next year is on top of the €10bn expected to be purchased by June next year […]

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Mortgage holders leaving thousands of euro on the table by failing to switch home loan providers – CBI research

Mortgage holders are leaving thousands of euro on the table by failing to switch home loan providers, according to new research by the Central Bank of Ireland (CBI). Three in five eligible mortgages could save more than €1,000 in the first year after switching to a cheaper lender and more than €10,000 over the remaining […]

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AIB says Q3 performance more resilient than expected

AIB said its performance in the third quarter was more resilient than it had expected with positive momentum reported on a quarterly basis. In a trading update for the three months to the end of September, AIB said it remained comfortable with its full year guidance.  AIB said it granted about 66,000 payment breaks to […]

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Sterling could drop to 97p against the euro if no trade deal struck

Small and medium sized companies are generally showing signs of resilience in the current challenged trading environment, but there are concerns for particular sectors. That is according to a treasury specialist who works with businesses on managing capital, cash flow and currency moves among other things. John Finn, Managing Director of Treasury Solutions, said the […]

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Retail sales rise before introduction of tighter restrictions

Retail sales rose by 1.5 per cent in September boosted by car and DIY sales but several sectors, including bars, were still well behind pre-pandemic levels. The latest figures from the Central Statistics Office (CSO) also predate the introduction of Level 5 restrictions, which has resulted in the closure of all non-essential retail. This is […]

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Rising infection numbers drag global stocks lower

Stocks tumbled in the US and Europe as rising coronavirus infections and tougher lockdowns added to worries about the economic hit from the pandemic. The S&P 500 Index fell more than 2.5pc, headed for the biggest drop in seven weeks, amid a surge in Covid-19 hospitalisations, especially in the Midwest. Energy shares sank with oil […]

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