News

Has the trend for luxury brands reached its peak?

There was a time when branding was confined to ‘pesky’ steers in cowboy movies, but now it seems, everyone wants to be branded – be it labelled footwear, logo-ed beachwear, or Abercrombie & Fitch emblazoned over one’s manly chest; it seems necessary even to have a famous brand name on your sunglasses. The international corporation […]

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Public to be asked how banks should deal with problem loans

A working group led by the Central Bank of Ireland’s Sharon Donnery has launched a public consultation on how banks across the Eurozone should best deal with problem loans. Nine years after the great crash European lenders continue to hold dangerously high levels of non performing loans – including soared business and property debts and […]

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Investors concerned by FF bill on mortgages

Fianna Fáil’s proposed legislation which would enable the Central Bank to regulate mortgage interest rates has sparked concern among investors, the Department of Finance has claimed. Some feedback centred on the potential impact on Ireland as a location for foreign direct investment (FDI), the department said. Minutes of the June meeting of the so-called Principals […]

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Ryanair will force flyers to sign up to app for tickets

All passengers flying with Ryanair could soon have to sign up for the airline’s ‘myRyanair’ programme before being able to book tickets, and the change might be introduced as early as next year, according to chief executive Michael O’Leary. The move would be a major shift in how the airline sells its tickets, and would […]

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Mastercard sued for €16.5bn in massive damages claim

About 46 million people could potentially benefit from a legal case brought against Mastercard demanding £14bn (€16.5bn) in damages for allegedly charging excessive fees, according to court documents filed in London. The case brought by a former chief financial services ombudsman alleges the payments company set unlawfully high fees charged to stores when shoppers swipe […]

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UK firms to lower investment after Brexit

British firms are likely to cut investment during the rest of this year and in 2017 due to the Brexit vote, and the government must show quickly how it will move forward with leaving the European Union, a professional body for accountants said. The forecast from the Institute of Chartered Accountants in England and Wales […]

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Galway firm Vivasure secures €16m as it rolls out first European product

Galway medical device firm Vivasure Medical has secured €16.2m in backing from investors as it starts to roll out its first product in Europe. Vivasure, which was co-founded by chief executive Ger Brett, has developed a technology – PerQseal – that enables surgeons to quickly and easily repair puncture holes caused by arteriotomies for catheter-based […]

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CSO: Motor premium hikes easing but still jump 28pc in year to August

THERE was an easing back in motor insurance premium rises last month. New figures out this morning from the Central Statistics Office show that motor premiums were up 28pc in the year to August. Although this is a sharp increase, it is down from the 38.6pc annual rise recorded by the CSO in July. The […]

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Ireland borrows €1bn at a rate of just 0.33pc

The State has borrowed €1bn for 10 years at an effective interest rate of just a third of one percent. The National Treasury Management Agency (NTMA) issued the bond this morning on behalf of the Government. Lenders offered €2.452bn at auction, helping drive down borrowing costs. The bond was sold at an annualised yield of […]

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Record food exports can’t mask scale of over reliance on UK

Irish food and drink exports clocked up a sixth consecutive year of growth in 2015, despite the steep decline in dairy prices. Data from Bord Bia shows favourable exchange rates last year plus better beef, seafood and beverage prices helped lift the total value of food sold abroad to €10.8bn – an all-time high. The […]

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