News

Bank of Ireland’s new shares started trading Monday at €7.38 each –compared to the 24.60 cents each where they closed last Friday. The bank has completed a reorganisation that included swapping every 30 old shares for one new share – a process known as a reverse split or stock consolidation. Shareholders still hold their stake […]

In June 2015, UK pub chain JD Wetherspoons was hit by a cyber attack. More than 650,000 emails and some staff details were stolen. When the breach was discovered, the company’s founder and chairman sounded an interesting note on security. “As far as I’m concerned, there’s no need for Wetherspoon to hold customer information in […]

Irish farmers stand to be among the main winners from an agreement between the EU and Japan to conclude a deal to scrap tariffs on much of their bilateral trade. The deal will see duties wiped out on over 90pc of EU agricultural exports. For Irish consumers it could, eventually, bring down the price of […]

When European Union and Japanese leaders endorsed a preliminary free-trade agreement yesterday it was in significant measure a counter to Donald Trump’s protectionist stance. The political green light in Brussels yesterday came a day after negotiators for both sides reached a breakthrough over food and car exports, which had been sticking points since talks started […]

Kildare-based technology firm vCloud.ie has invested €300k in what it describes as a “cutting edge” cyber security product. The product is the first of its kind currently available globally. Designed to protect operating systems and online facing services, the product can withstand hundreds of thousands attacks per minute, surpassing other online security systems. “We expect […]

A NEW EU audit is set to find that Ireland is in breach of European broadband targets. The European Court of Auditors has picked Ireland as one of five countries measured to see whether agreed targets broadband rollout have been met. However, the Government’s latest delay on connecting 542,000 rural homes and businesses to broadband […]

Investment firms may have to move thousands of jobs to the European Union after regulators said “letterbox entities” nominally based in the EU but in reality run from abroad will no longer be tolerated, lawyers and advisers say. The proposal would affect UCITS, a type of mutual fund domiciled in the European Union, that hold […]

The number of people signing on the live register has dropped to the lowest recorded since October 2008 – but concerns have been raised over the number of young people that are signed on long term. In June of this year, the number of people registered fell 1.8pc from the figure in May to 259,200, […]

MOTORISTS will end up being hit after the Government approved changes to the law on insurance to boost the size of a compensation fund. The decision by the Cabinet comes after a ruling in May by Supreme Court on which fund should cover the cost of claims associated with collapsed Setanta Insurance. Malta-registered Setanta collapsed […]

Retail Excellence has called for a VAT reduction of 3pc in next year’s budget to protect Ireland’s retailers from Brexit excesses. The Budget 2018 submission from the largest representative body in Ireland calls for a general cut in the cost of doing business, increased funding to get retailers online and increased infrastructural investment. ‘Retail: Sustaining […]