News

Our contribution to the EU budget will mean a big increase as a result of the controversial higher Gross Domestic Product figures that emerged recently, Minister for Finance Michael Noonan has confirmed. Minister Noonan confirmed that the figure would be higher in a reply to Fianna Fáil’s Finance spokesman Michael McGrath in the Dail. However, […]

The UK’s vote to pull out of the European Union will result in a “marked slowdown” in Irish economic growth, Deutsche Bank has warned. And it said there were “limits” to Dublin’s capacity to take on financial services firms from London that may be looking to shift some operations in the wake of the Brexit […]

Irish research and development is significantly below European targets and is being dominated by multinationals, according to a new report from the European Commission. Two thirds of all business-related research and development in Ireland is being done by multinational companies, says the Commission’s Research and Innovation Observatory. Citing figures from 2014, the report says that […]

National broadcaster RTE made an overall loss last year of €2.8m, reversing a small surplus in 2014. In a statement RTE said cost pressures, including the negative impact of currency swings were behind the loss. Since the crash RTE has been forced to cope with dramatically reduced resources. State funding was cut by €5m in […]

New Ireland Assurance has been fined €650,000 by the Central Bank for breaches of the Consumer Protection Code. The Central Bank said this morning that the breaches relate to the provision of incomplete information to consumers regarding New Ireland’s investment products, including the performance of those products. The Central Bank also said that there were […]

Irish gold mining firm Conroy Gold and Natural Resources has found four new gold zones on its Glenish target in Monaghan. The discovery was made in a 150 metre-wide structural corridor in the western part of the Glenish gold target. It included intersections of 2.25 metres grading 2.65 g/t gold, at a depth of 18 […]

Deutsche Bank has cast doubts on the ability of Ireland to win increased foreign direct investment in the wake of Brexit. The global finance house also warned of a “marked slowdown” in Irish economic growth. Deutsche said Dublin’s capacity to take advantage of the dislocation from London of financial services firms has “limits”. In a […]

Asian shares extended gains to nine-month highs on Friday, on track for a solid weekly rise, as better-than-expected economic data from China lifted risk sentiment that was already buoyant after record highs on Wall Street. But European stock markets were expected to dip lower at the open, while travel stocks could come under pressure after […]

Theresa May’s new Government has indicated it is prepared to spend in order to stabilise the economy, as it set out a blueprint for post-Brexit Britain. In a major shift away from the era of austerity imposed by George Osborne, the former chancellor, his successor Philip Hammond suggested that his Treasury will borrow in order […]

The hit to Bank of Ireland’s pension scheme from Brexit will dent the bank’s capital, making a dividend pay-out to shareholders less likely, an analyst has warned. The State’s 14pc stake makes it the bank’s biggest shareholder. In a trading update released to shareholders, BoI said the Brexit decision has resulted in the bank revising […]