News

Housebuilding boosts ‘robust’ construction growth

April 10, 2019By Practicenetconstruction, Syndicated

Housebuilding boosts ‘robust’ construction growth Construction sector output remained strong in March, and was led by housebuilding for the third month in a row, according to the latest industry figures. Ulster Bank’s construction industry purchasing managers index (PMI) tracks output and sentiment among hundreds of managers month to month. The latest PMI reading of 55.9 […]

Euro zone banks toughen requirements for mortgage borrowers

April 10, 2019By Practiceneteurozone, Syndicated

Euro zone banks toughen requirements for mortgage borrowers Euro zone banks are toughening their requirements of prospective mortgage borrowers, a European Central Bank survey published today showed. Despite this demand for home purchase loans continued to swell in early 2019. Credit standards – the boxes house-hunters have to check to receive a mortgage – tightened […]

Tariff rows leave new Nafta deal ‘in trouble’

April 10, 2019By Practicenetnafta, Syndicated

Tariff rows leave new Nafta deal ‘in trouble’ More than six months after the United States, Mexico and Canada agreed a new deal to govern more than $1tn in regional trade, the chances of the countries ratifying the pact this year are receding. The three countries struck the United States-Mexico-Canada agreement (USMCA) on September 30, […]

Pace of construction activity growth slows in March

April 9, 2019By Practicenetconstruction, Syndicated

Pace of construction activity growth slows in March The pace of expansion in construction activity eased in March, the latest Ulster Bank Construction Purchasing Managers Index shows. The index eased to 55.9 in March from 60.5 in February, but Ulster Bank said this follows a very strong February performance and the still-robust level of the […]

Access to finance underpins upbeat era of acquisitions

April 9, 2019By Practicenetfinance, Syndicated

Access to finance underpins upbeat era of acquisitions Improved access to finance is underpinning business optimism in Munster, fuelling increased M&A activity along with a rise in the number of businesses willing to invest to support their growth, according to Deloitte. Business leaders attending Deloitte’s ‘Scaling for Growth’ event in the River Lee Hotel in […]

Revenue officials meeting hauliers in Brexit preparations

April 9, 2019By Practicenetrevenue, Syndicated

Revenue officials meeting hauliers in Brexit preparations Revenue officers have begun engaging with hauliers at ports in Dublin and Wexford as part of preparations for a no-deal Brexit. Concerns have been raised about the number of companies trading with the UK that have not yet registered for customs. Lynda Slattery, head of Revenue’s Brexit unit, […]

Eurozone releases debt relief to Greece

April 8, 2019By Practiceneteurozone, Syndicated

Eurozone releases debt relieft to Greece Eurozone finance ministers have released long delayed debt relief to Greece, saying the government had implemented reforms promised during the massive bailout that ended last year. Greece exited its third and final international bailout in August, a turning point in its progress out of the catastrophe that engulfed the […]

Relief as property tax changes delayed for a year

April 8, 2019By PracticenetSyndicated, tax

Relief as property tax changes delayed for a year Local Property Tax (LPT) rates for householders are to be frozen for another year the Government decided late last night. Homeowners won’t see any change in their LPT bills until 2021, and tens of thousands of householders who currently benefit from exemptions will continue to do […]

Central Bank slightly reduces estimates for economic growth this year

April 8, 2019By Practicenetcentral bank, Syndicated

Central Bank slightly reduces estimates for economic growth this year The Central Bank has slightly reduced its estimates for economic growth this year, amidst an ongoing weakening of the international trading and economic environment. In its latest Quarterly Bulletin, the Central Bank expects GDP growth of 4.2% this year, down 0.2% since its January forecast. […]

Exchequer ahead of target in March as income tax, VAT improves

April 5, 2019By PracticenetSyndicated

Exchequer ahead of target in March as income tax, VAT improves Exchequer returns for March have come in ahead of forecast; as income tax, VAT and Corporation Tax take were all higher than expected. Almost €4.69 billion was taken in by the State during the month, €207m (4.6%) above target and €550 (13.3%) higher than […]

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