News

The Central Bank’s top economist has warned the UK economy will take a hit from the Brexit vote, despite it so far proving resilient. Gabriel Fagan said no “serious” economist expected the effects to have been felt immediately. “I think it’s far too early to say ‘don’t worry about Brexit, things are fine’,” Mr Fagan […]

The Department of Foreign Affairs is considering the launch of a network of independent agents in Ireland and abroad to cope with a surge in passport applications, partly prompted by the UK’s Brexit vote. The department has predicted that by 2019 the number of passports issued will jump to one million. The rush for the […]

Developer Johnny Ronan’s Ronan Group Real Estate (RGRE) has said it will commence the development within months of 325,000 sq ft of office space on a site it owns at the front of AIB’s Bankcentre headquarters in Ballsbridge. RGRE’s development director Shane Whelan said the company had already been in discussions with its existing funder, […]

The Central Bank has downgraded Irish growth slightly for this year because of a slowdown internationally. GDP is expected to increase by 4.5pc this year, 0.4 percentage points slower than previously expected. The projection for 2017 remains unchanged at 3.6pc from the Central Bank’s last forecast in the wake of the Brexit referendum. Central Bank […]

Auditing and corporate advisory firm PwC believes companies have overcome the initial shock of Britain’s vote to leave the European Union and are getting on with preparing for the changes that lie ahead, the firm said on Tuesday. “I think we are through the initial shock. We’re seeing companies getting back to business, working through […]

Unemployment in Ireland fell to 7.9pc last month, down from 8.2pc figure for August. Overall, there was a 7,300 reduction in the amount of registered unemployed last month, with the national figure for those out of work now standing at 172,900. The figure for September of this year represents an annual decline of 1.2pc compared […]

SURGING rents and the Central Bank lending rules mean it now takes up to four years to save for a deposit to get a mortgage for a Dublin property. And Dublin buyers now need up to €40,000 more in a deposit than they did two years ago to satisfy lending rules. It now takes between […]

US venture capital heavyweight Mark Stevens – who oversaw early-stage investments in firms such as Google and PayPal – has taken a stake in Ireland-based student loan provider Future Finance, underpinning the Dublin firm’s plans to enter new markets. And Future Finance chief executive Brian Norton has told the Irish Independent that his company hopes […]

Swiss Irish food group Aryzta has withheld the €958,000 performance related bonus of its chief executive Owen Killian. The bonus has been withheld until the “resumption of growth in underlying fully diluted earnings per share”. Mr Killian’s other incomes from the company, namely his salary, benefits in kind, and pension contributions, have remained unaffected. The […]

Broadband access company Casa Systems has established operations in Limerick with the aim of creating over 50 new jobs in the next three years. The firm’s new Irish offices will act as a base for its non-US activity. Initial operations in Limerick will include manufacturing, distribution, and customer support. The company, which will be located […]