News

Blanchardstown Centre bought by private equity giant Blackstone

Blackstone has completed a deal to take over the Blanchardstown Centre in one of the biggest property deals in the history of the state. The US private equity giant is believed to have paid Green Property at €950m for the centre. The deal is expected to close this summer pending relevant regulatory approvals. In a […]

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Dealz to open 20 new shops in Ireland but profits plunge at parent Poundland

Discount retailer and owner of Dealz is to open 20 new stores in Ireland in the coming year. Its owner Poundland said that 300,000 Irish customers visit shops every week. The retailer is opening 20 to 30 net new stores “primarily in the Republic of Ireland and in retail parks” – it already has 53 […]

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Brexit already hitting house prices, pound could plunge – stark new warning from BofE

The Bank of England has warned it is “increasingly probable” that Brexit could send the pound plunging. It added that referendum uncertainty is already hitting the housing market as Britons put spending decisions on hold. Policymakers sounded the alarm once more over the impact on the economy of a vote to leave the EU as […]

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Google expands in Ireland, opens new €150m data centre

Google has opened a new €150m data centre in west Dublin bringing its total investment in capital assets in Ireland to over €750m. The tech giant, which employs 3,000 people directly and a further 3,000 indirectly here, has increased its staffing levels by over 20pc in the last 12 months. The new data centre in […]

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Irish banks have contingency in place ahead of Brexit vote, says Central Bank

Banks here are ready for a Brexit, the deputy governor of the Central Bank said. With just over a week to go until the crucial UK vote, Sharon Donnery said disruption and volatility in the financial markets is the chief short-term risk posed by a possible vote by the UK to withdraw from the EU. […]

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Trade surplus expanded by a fifth in April – CSO

The goods trade surplus expanded by more than a fifth in April as exports increased and imports fell. Preliminary figures for the month, published by the Central Statistics Office, shows that seasonally adjusted goods exports increased by €254m to €9.24bn in the month. By contrast, goods imports slipped by 11pc to €4.7bn, dragged down by […]

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Ireland faces four big issues. Three of them are out of our hands

Brexit, migration, geopolitical tensions and debt. They’re the big issues that are fuelling economic uncertainty, according to the Central Bank’s latest Macro Financial Review. The scary thing is that of the four issues identified, there’s only one on which we can have any impact – debt. The first three are external and entirely out of […]

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Brexit: Pound falls and hedging costs rise, UK and Ireland vying for similar FDI

The pound weakened to almost 80 pence against the euro and the cost of hedging rose as investors grew more concerned about the outcome of next week’s EU referendum. It could mean bad news for retail businesses in border areas in the Republic, as shoppers may capitalise on the weaker pound and shop in Northern […]

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Ireland sixth fastest growing property market in world – survey

Annual growth of 7.7% in year to March 2016 sees Ireland outpace growth in Germany, Netherlands and Canada Irish house price growth may have stalled of late, but new figures show that Ireland was nonetheless one of the fastest growing markets in the world in the year to March 2016. According to figures from the […]

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More than 7,000 jobs could come from solar power – report

New study shows huge potential for job creation from renewable energy Solar power could create up to 7,300 jobs while meeting 7 per cent of electricity demand, according to report published by the industry on Tuesday. The Irish Solar Energy Association is lobbying the Government for supports similar those given to wind and other renewables, […]

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