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Oil hits eight-month highs on U.S. inventory draw

Oil prices rose for a third day to hit their highest in about eight months on Wednesday, boosted by industry data showing a larger-than-expected drawdown in US crude inventories, worries about attacks on Nigeria’s oil industry and strong Chinese demand for oil. London Brent crude for August delivery LCOc1 was up 2c at $51.46 a […]

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State tipped to offload AIB and Bank of Ireland shares

The Government will potentially sell shares in both AIB and Bank of Ireland next year, specialist bank Investec has said. Finance Minister Michael Noonan has said the sale of no more than 25pc of AIB will take place next year, but there are no plans as yet for the Government to sell down its 14pc […]

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Fiscal Council says State needs extra €6bn over next five years

The Government will need an extra €6bn over the next five years just to maintain current spending needs, the State’s budgetary watchdog has said. That’s over half the projected amount of money the Government has estimated is available for extra spending out to 2021. Finance Minister Michael Noonan has said the amount of leeway the […]

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1,700 homes promised a year ago – not one has been built

Local authorities have failed to build any of the 1,700 ‘shovel-ready’ social houses promised more than a year ago. Architects and design teams are only now being appointed for some developments – 13 months after the previous Government announced a €312m investment programme which it claimed was part of an “aggressive” plan to tackle the […]

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Ryanair ranked ninth biggest airline in world on Forbes list

RYANAIR has been ranked the ninth biggest airline in the world in the Forbes list. Ranked at number 742, the biggest airline on the list was Delta followed by United Continental Holdings. Aer Lingus and BA owner was third and Lufthansa was fourth in the list of the world’s biggest public companies by sector. Unsurprisingly, […]

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Domino’s Pizza tapping in Euro 2016 takeaway market with creation of 600 jobs here

DOMINO’S Pizza is tapping into the Euro 2016 and Olympics markets with the creation of 600 jobs in Ireland and 10,000 roles in run-up to games. It is also creating 400 jobs in Northern Ireland with the majority of the roles being created across the UK in anticipation of a run on pizza orders from […]

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Rising rents and political uncertainty limits savings

Level of people who felt it was a good time to save fell in May to lowest point since 2015 The level of people who felt it was a good time to save fell in May to its lowest point since December 2015, according to the Nationwide UK (Ireland) Savings Index. The Savings Environment sub-index, […]

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Rising rents and political uncertainty limits savings

The credit union at the centre of a fraud allegation had fake loans and two sets of deposit books. Rush Credit Union is now under investigation by the gardaí and forensic accountants appointed by the board of Rush Credit Union, on the advice of the Central Bank. The revelations come as pressure mounts on smaller […]

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Broadband users face price hikes of 18% from September

Telcos say they intend to pass on Eir’s increase in wholesale rates to consumers Consumers can expect an 18 per cent hike in broadband prices from next September as a result of changes to Eir’s wholesale rates. The State’s largest telco rents space on its network to rival operators such as Vodafone, BT, Magnet and […]

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Under-fire credit union ‘had fake loans and two sets of deposit books’

The credit union at the centre of a fraud allegation had fake loans and two sets of deposit books. Rush Credit Union is now under investigation by the gardaí and forensic accountants appointed by the board of Rush Credit Union, on the advice of the Central Bank. The revelations come as pressure mounts on smaller […]

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