News

Rents had their highest rise on record last year, just as measures have been put in place to limit increases. The average cost of rented accommodation shot up by an average of 13.5pc in the year to last December. Rents nationwide are at a new high of €1,111 on average. The latest Daft.ie rental report […]

The battle between grocery chains for market share is poised to deliver big savings for consumers this year. Research group Kantar Worldpanel said that grocery inflation is set to stay low in 2017 as the supermarket giants duke it out for supremacy. Meanwhile, the see-saw at the top of Ireland’s grocery market league has continued, […]

Political uncertainty ahead of European elections prompted nervous investors to sell the euro and kept French government debt under pressure on Wednesday while the price of safe-haven gold hit three-month highs. Three months before the final round of France’s presidential election, investors are concerned about the strong showing of far-right candidate Marine Le Pen, who […]

Office space is in such demand in Dublin that tenants are committing to lease contracts before a building has even been constructed. A new report from auctioneers Savills shows there was a huge surge in “pre-letting” in the final quarter of last year. Pre-lets accounted for 44pc of all Dublin office spaced leased, according to […]

Global web and application server Nginx is to create 100 jobs at a new facility in Cork. The new jobs will be created over the next three years as the company seeks to expand its EMEA operations. The Cork base will be the group’s headquarters in the EMEA region and will allow the company to […]

Energy firms face probe for manipulating costs to keep consumer prices high. A probe is to be carried out by the Commission for Energy Regulation to see why retail energy prices have not fallen more for customers. In a review of retail competition in the energy market, the regulator said wholesale energy costs had fallen […]

Consultancy giant Accenture is to add 300 jobs to its Dublin operation in a move that will increase the size of the firm’s headcount in the capital to 2,500. The new positions are to be filled in the areas of design and technology. One third of the jobs will specifically focus on the Internet of […]

Revenue Commissioners have issued a warning about the latest email scam to hit people’s inboxes. Their security team has advised anybody who followed up to the email to contact their bank or credit card company immediately. The fraud email and texts purport to come from Revenue and claim they are looking for an update on […]

The total cost of the bank bailout is now likely to fall “comfortably” below €30bn, taking into account a surplus from Nama, Investec’s Philip O’Sullivan said yesterday. The State bad bank said yesterday that it had paid off a further €1.09bn owed to banks whose property loans were transferred into the agency in 2010. Nama […]

GIBRALTAR’S top insurance regulator has insisted that companies there operate at the same standard as others in the EU, including Ireland. She was responding after the Irish Independent revealed that senior Central Bank staff here had raised repeated concerns with the Gibraltar Financial Services Commission in relation to some motor insurers selling in Ireland. The […]