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Irish financial offering isn’t geared up to reap a Brexit benefit, conference told

Ireland needs to ramp up its offering in terms of tax, education and the infrastructure around financial services to attract investment in the event of a Brexit, a conference heard yesterday. A British withdrawal from the EU will present opportunities for Ireland, Susan Dargan, the head of Financial Services Ireland (FSI), told the conference, organised […]

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No question that Government gave Apple tax deal – Noonan

There is simply no question that the Irish authorities sought to give Apple any kind of special tax deal. That is according to Minister for Finance, Michael Noonan who has stated that “detailed and comprehensive responses have been provided to the EU Commission demonstrating that the appropriate amount of Irish tax was charged in accordance […]

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80pc of Irish directors fear Government isn’t ready for Brexit

Over 80pc of Irish directors and business leaders are concerned that the Irish government is not adequately prepared for a Brexit scenario, new research has shown. According to a survey by the Institute of Directors in Ireland, 92pc of directors are concerned about a UK exit from the EU with 87pc believing it will have […]

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Michael Noonan vows to pressure bank bosses to cut mortgage interest rates again

Michael Noonan says he will call in the heads of all of the main banks to apply pressure to cut mortgage interest rates again, but stood over claims a move to legally force down prices could be unconstitutional. Speaking ahead of a speech to an international banking conference in Dublin this afternoon, Michael Noonan said […]

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Irish debt agency sees financial silver lining from Brexit

NTMA says overall impact from UK leaving EU is negative The National Treasury Management Agency is highlighting to Irish bond investors that the country could seize opportunities, particularly in the financial sector, from a Brexit, even if the overall impact would be negative. “Following UK exit, some activity in London may be forced to move […]

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Dragon’s Den winner to create 100 jobs and expand in Britain

An entrpreneur who first came to prominence on TV show ‘Dragon’s Den’ has announced he’s to create 100 jobs. Smart Storage managing director Paul Jacob featured on the RTE show in 2012 with his stairs storage solutions. He’s now set to create 100 jobs across Ireland and the UK over the next 18 months. Sixty […]

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Sports Direct acquires Boyers site for €12m – report

UK-based Sports Direct has purchased the former Boyers department store site on North Earl Street in Dublin City Centre in a deal believed to be worth €12m. According to a report in The Irish Times, owner Mike Ashley acquired the premises whose sale was handled by DTZ Sherry Fitzgerald. Boyers closed up shop in January […]

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Ireland emerges as America’s fourth biggest creditor – US Treasury Department

IRELAND has emerged as America’s fourth biggest creditor, new figures from the US Government show. Ireland follows the likes of China, Japan and the Cayman Islands after the US Treasury Department revised the way it reports the figures. Investors in Ireland owned $264.3bn (€233.6bn) of Treasuries at the end of March, figures obtained by the […]

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Wayfair: online retailer to create 160 new Galway jobs

Online home furnishings and decor retailer Wayfair is to create 160 new jobs in Galway. The company is expanding its European operations centre in the city and will open a new facility on the Tuam Road to house the expanded operation. It already employs over 200 people in Galway. Wayfair vice president of sales and […]

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Over 130 jobs at risk at Suir Pharma following appointment of provisional liquidator in High Court

More than 130 jobs are at risk following the appointment by the High Court of a provisional liquidator to a Co Tipperary based pharmaceutical manufacturing company. Suir Pharma Ireland Ltd, which is located at Waterford Road in Clonmel and has been making generic medicines for approximately 40 years in the town, is insolvent and is […]

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