News

Bulmers and Magners owner C&C is under no pressure from shareholders to sell its US operations, after slashing the value of its assets there by €129m during its last financial year, according to CEO Stephen Glancey. The company said the carrying value of its US assets is now €45m. Mr Glancey said the long-embattled US […]

The average price of a house is set to soar by the end of 2018 – first jumping 10pc this year, and rising by another 8pc next year. House completions are to grow strongly, Goodbody Stockbrokers said in a new report on the economy. But it will take a number of years before the number […]

Ireland stands to gain more foreign direct investment (FDI) as a result of Brexit, and the public finances here have been on a continuously improving trend that’s set to continue over the coming years, Moody’s says. However, in its latest report on the Irish economy, the rating agency noted that a reduction in the level […]

DCC will continue to deploy the most of its acquisition capital in Europe over the next 18 months as it eyes opportunities to expand its fuel activities in the region, according to outgoing CEO Tommy Breen. The Irish FTSE-100 company – which also has technology and medical distribution businesses – announced last month that it […]

Gardai have been called into another credit union hit by suspected fraud, with accounts believed to have been raided by a staff member, the Irish Independent has learned. Gurranabraher Credit Union in Cork is understood to have lost €200,000 and will now have to make an insurance claim to refund members. It comes after similar […]

A leading bank has reported a surge in people applying for home improvement loans. Bank of Ireland said it has seen a 38pc rise in consumers seeking to borrow to do work on their properties. However, the average loan size has not changed in the first three months of this year compared with last year, […]

A €220,000 fund has been made available for innovative early stage projects that addresses health or social issues in Ireland. Social Innovation Fund Ireland (SIFI) has called for applications from organisation as it announced the launch of Animate 2017. The €220,000 fund will be shared between 11 successful applicants who should submit their concepts before […]

Contactless payments mean shoppers are increasingly using debit cards as an alternative to cash. New figures from the Central Bank show there was a 14pc rise in the value of spending on Visa and MasterCard debit cards in retail outlets in March, with a total of €2.7bn spent. This amounts to an extra €331m transacted […]

CBRE has called on the Government to follow the UK’s Build To Rent (BTR) model, where some £27.7bn (€33bn) of equity is currently targeting the sector across the water. The property sector consultants said there is an opportunity to attract significant capital from European and US institutional investors and to speed up efforts to resolve […]

There has been a 19.1pc fall in the number of long-term claimants on the live register since April 2016. The number of males who are long-term claimants decreased by 18,986 – or 21.7pc – in the year to April 2017, while the number of female long-term claimants decreased by 7,390 (14.6pc), according to the latest […]