Revenue sets sights on value of private shares Revenue is plotting a crackdown on shareholders of private companies who undervalue their stakes in tax returns. The rules on valuation apply to all unquoted companies – whether it is a large entity operating on a grey market, or a local sweetshop owned by a company. Without […]
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Household debt shrinks to 2003 levels but economic risk remains Even though household and company debt remain high by international standards, they have fallen sharply and may now be in line with the underlying fundamentals of the economy, according to the Department of Finance. Yesterday’s report did warn that in the event of a downturn […]
Deutsche and Commerzbank consider merger cuts as talks enter endgame Deutsche Bank and Commerzbank are now getting down to the finer details of just how a takeover could actually work. With talks expected to last at least four weeks, there’s a mountain of thorny detail to work through. Cost cuts – and where to make […]
‘American selfishness on trade’ criticised by EU EUROPEAN Commission vice-president Jyrki Katainen said on Tuesday that Washington’s “selfish” approach to trade was not sustainable, but it was too early to say that EU-US trade talks were doomed to fail. The Trump administration has imposed stiff tariffs on US imports of steel and aluminium and set […]
Banks fight thousands of disputed tracker cases Thousands of tracker cases continue to be disputed by banks, despite the scandal dragging on for a decade now. An additional 8,700 cases in three different banks are being disputed by the lenders. If the banks eventually have to concede on these it will take the total number […]
UK jobs growth surges as labour market defies Brexit UK employers increased their hiring at the fastest pace in more than three years in the three months to January as the country’s labour market defied the broader weakness in the overall economy as Brexit approached. The number of people in work surged by 222,000, helping […]
Taoiseach hosts talks with Tusk as Brexit deal deadline looms Taoiseach Leo Varadkar is meeting European Council President Donald Tusk in Dublin with just ten days left before Brexit, but with no deal in sight. Mr Tusk and Mr Varadkar shook hands on the steps of Government Buildings, but declined to comment to waiting media. […]
ECONOMIC growth came in at 6.7pc in 2018, and although it slowed in the second half of last year, Ireland has experienced the most rapid growth of any eurozone country since 2014. Strong exports were once again behind the strong growth seen here, according to data from the Central Statistics Office released yesterday. However, there […]
MORTGAGE arrears figures from the Central Bank show another fall in the overall numbers behind on their payments. But there is only a small alteration in the numbers in long-term arrears. This is despite the issue persisting for years now. Court-ordered repossessions are at a nine-year low. The figures show that overall some 63,246 residential […]
Sterling was seeing its best week since January, as investors waited for next week’s parliamentary vote on Prime Minister Theresa May’s deal to exit the European Union. Sterling has rallied this week – it is up 1.7% against the dollar – after British politicians voted against leaving the EU without a deal and backed a […]
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Recent News
Fed cuts rates but sees slower pace of further reductions December 19, 2024
Residential property prices up 9.7% in October – CSO December 19, 2024
Spending by BOI customers up 6.8% on Black Friday December 19, 2024
Holyhead Port to stay closed until 15 January ‘at the earliest’ December 18, 2024
Planning permissions down 10.9% in third quarter – CSO December 18, 2024
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Park House,
Main Street,
Loughrea,
Co. Galway.
EirCode: H62 HX65
Telephone: +353 (0)91 841518
Mobile: +353 (0)86 2550866
Fax: +353 (0)91 842663
Email: michael@michaelfdolan.ie
Web: www.michaelfdolan.ie
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