News

Brexit: Could one of these cities replace London as Europe’s financial centre?

It has been argued that the separation of the UK from the European Union, when Government triggers Article 50, could jeopardise London’s position as the financial centre of Europe. But how likely is it that other European cities could take on its mantle? Uncertainty about the future of the country’s access to the EU market […]

Continue Reading

Glan Agua to create 60 new jobs after opening new Irish HQ

Water and waste solutions firm Glan Agua and civil engineering company MEIC have both opened new offices in Loughrea, Galway, as they look to add 60 new jobs over the next five years. Both firms are owned by construction group Mota Engil, which is expanding its Irish operations and creating a UK and Ireland headquarters […]

Continue Reading

Glan Agua to create 60 new jobs after opening new Irish HQ

Water and waste solutions firm Glan Agua and civil engineering company MEIC have both opened new offices in Loughrea, Galway, as they look to add 60 new jobs over the next five years. Both firms are owned by construction group Mota Engil, which is expanding its Irish operations and creating a UK and Ireland headquarters […]

Continue Reading

European shares gain after three-day losing streak

European shares rose on Thursday after a three-day losing streak, buoyed by gains in major consumer goods stocks such as Danone and Associated British Foods. The pan-European STOXX 600 index, which had fallen in the last three sessions, rose 1.5 percent while the FTSEurofirst 300 index advanced 1.4 percent. Danone surged 7 percent as investors […]

Continue Reading

Irish economy to take hit post-Brexit, UK may enter recession – NTMA

Ireland is likely to suffer an economic hit from Brexit, the National Treasury Management Agency (NTMA) has warned. In a presentation aimed at investors in the bond markets, who lend to the State, the agency that manages the country’s debt said Irish banks can expect to suffer because of their operations in Britain. Read more: […]

Continue Reading

JP Morgan on Brexit: ‘Worst case scenario we move a few thousand out of London’

JPMorgan Chase and Co has warned that it may have to move a few thousand of its London-based staff to other eurozone offices as a result of Brexit. In an interview with Italian newspaper Il Sole-24 Ore, the bank’s boss Jamie Dimon said he is still unsure what is going to happen but maintains the […]

Continue Reading

“Deeply concerned” US multinationals call for Irish tax reform

American multinationals are “deeply concerned” about the personal tax burden in Ireland, according to the American Chamber of Commerce Ireland. The Chamber said reform would make Ireland a more attractive location for talented workers. The call comes as Ireland faces increased competition for foreign direct investment with UK chancellor George Osborne announcing plans to slash […]

Continue Reading

Tullow Oil looking for $300m via convertible bond issue

Irish oil and gas explorer Tullow Oil is looking to raise $300m via issuing convertible bonds. The money would be used for “for general corporate purposes and to fund capital investment in the Group’s assets in West and East Africa,” Tullow told the market this morning. The bonds carry a coupon of 6.625pc, Tullow said, […]

Continue Reading

Consumer sentiment hit a four-month high in June – just ahead of Brexit

Consumer sentiment hit a four-month high in June, just ahead of the British vote to leave the European Union. The Brexit vote Brexit is likely to hit sentiment in the coming months but unlikely to prompt a collapse, according to the authors of the KBC Bank Ireland/ESRI consumer sentiment index. This country having more to […]

Continue Reading

The Border Brexodus – shoppers to go North amid fall of pound

The Department of Finance has warned that Vat receipts could drop in the wake of the Brexit vote, claiming plunging sterling may lure shoppers to the North instead. The admission Brexit will hit our tax take came as it was confirmed the takings for the first half of the year were €742m better than expected. […]

Continue Reading