News

The Brexit could reduce the paper value of the Irish economy by about €12bn after five years, a study has warned. The joint paper by the Department of Finance and ESRI calculates a so-called hard Brexit would leave Irish economic output around 3.5pc below what it otherwise would have been. Even under a soft exit, […]

New entrant to the mortgage market Pepper will begin offering home loans directly to consumers from today. The Australian owned non-bank lender entered the market earlier this year, initially offering mortgages through brokers. From today, Pepper is to begin selling mortgages directly to Irish customers. Its new retail consumer brand, Pepper Money also plans to […]

Growth in Ireland’s services sector fell to a fresh three and a half year low in October as Britain’s decision to leave the European Union continued to weigh on new orders, a survey showed on Thursday. The Investec Purchasing Managers’ Index (PMI) of activity in services fell to 54.6 in October from 56.2 in September, […]

Dublin has risen two places to be named as the 20th most reputable city in the world, new research has shown. According to the City RepTrak 2016, which is compiled by the Reputations Agency and the Reputation Institute, Dublin has achieved its joint-highest ranking in the survey, which is based on the views of the […]

Irish Life added €36m to its Canadian parent’s profits in the third quarter of the year, up by a third on the same period in 2015. The insurer launched its new Irish Life Health business in September, shaking up the sector following its acquisitions of Aviva Health and the 51pc stake it did not already […]

Growth in Ireland’s services sector fell to a fresh three and a half year low in October as Britain’s decision to leave the European Union continued to weigh on new orders, a survey showed on Thursday. The Investec Purchasing Managers’ Index (PMI) of activity in services fell to 54.6 in October from 56.2 in September, […]

Insurer RSA posted a 5pc drop in net written premiums in the first nine months of 2016 due to the impact of asset disposals, the firm said on Thursday. RSA, best known in Britain for its More Than insurance brand, said net written premiums fell to £4.82bn from £5.09bn a year earlier. Tangible equity fell […]

ENGLAND’S High Court has ruled that the British government requires parliamentary approval to trigger the process of exiting the European Union, a major upset for Prime Minister Theresa May’s plans for Brexit. Campaigners were celebrating victory in the legal battle against Theresa May’s decision to use the royal prerogative in her Brexit strategy, with demands […]

Irish nutritional group Glanbia has delivered a strong performance in the first nine months of the year as revenue in its rapidly growing performance arm continued to surge. Sales at its Glanbia Performance Nutrition (GPN) division increased by 10.9pc, driven largely by strong volume growth across all of its regions. Glanbia snapped up US protein […]

Used car imports reached their highest monthly level for the year last month as sterling’s plunge induced more motorists to buy in the North or across the water. There were 7,090 used imports registered in October, a rise of 75.63pc on the 4,037 for the corresponding month in 2015. And it is the second successive […]