News

Ireland’s stock market bucked declines among European peers yesterday after Donald Trump’s landmark election win, with an 8pc-plus surge in CRH shares boosting the Iseq Overall Index by over 2pc as US markets opened. The rocketing CRH share price added about €2bn to the company’s market capitalisation, valuing it at €26.8bn. CRH is Ireland’s biggest […]

The pace of debt reduction in households eased in the three months to the end of June to its slowest level in almost eight years, according to data from the Central Bank. The level of debt was virtually unchanged, falling by less than €200m, compared with the period between January and March. This was the […]

Shares in ireland’s biggest company, building materials giant CRH, have soared nearly 7pc this morning as investors bet that it will be a big beneficiary from Donald Trump’s plan to pump money into America’s infrastructure. CRH, headed by chief executive Albert Manifold, generates about 60pc of its profits in the United States, and is heavily […]

Global stockmarkets have plunged as Donald Trump emerged victorious in the US presidential election this morning. His protectionist outlook and unpredictable nature have struck terror into investors, who dumped stocks and fled to commodity and currency safety zones including gold and the Japanese yen. Ireland’s ISEQ Overall Index was 0.5pc soon after the open this […]

Ireland will today launch a formal appeal against the controversial EU ruling that Apple received an unfair tax deal worth €13bn, and must pay it back with interest. The Minister for Finance Michael Noonan said he would file the appeal against the European Commission’s decision to force Ireland to claw back the claimed tax subsidies, […]

Mexico’s government has defended the exclusion of Declan Ganley’s Rivada from a massive €7bn telecoms tender process. The Galway-based businessman and political campaigner criticised the process on Friday night, after Mexican authorities disqualified a consortium he backs from the running to build and run a national wholesale mobile network, dubbed Red Compartida. That decision left […]

Mexico’s government has defended the exclusion of Declan Ganley’s Rivada from a massive €7bn telecoms tender process. The Galway-based businessman and political campaigner criticised the process on Friday night, after Mexican authorities disqualified a consortium he backs from the running to build and run a national wholesale mobile network, dubbed Red Compartida. That decision left […]

Ryanair may apply for a British operating licence to retain post-Brexit untrammelled access to its biggest market. The Irish airline said yesterday that it is on course to carry 200 million passengers by 2024, after lifting its growth forecast by 10pc. Ryanair said it’s growing as other airlines are being sidelined by bruising competition in […]

BIG global banks, including Morgan Stanley , JPMorgan Chase & Co and Goldman Sachs Group Inc are bracing for potential tumult on financial markets after Tuesday’s U.S. election. As the outcome of the most bitterly fought U.S. presidential elections starts to roll out by Wednesday in Asia, the regional markets will the first to trade […]

The State-backed Ireland Strategic Investment Fund (ISIF)would have made around €22m more than it did at the end of last year had it sold off its fossil fuel stocks and invested in clean energy, a report has claimed. The paper, commissioned by Trocaire, argues retaining fossil fuel investments cost ISIF around €100m in the past […]