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Cantor Fitzgerald has lowered Ireland’s growth forecasts for the coming years on the back of the Brexit vote, as the International Monetary Fund warned the uncertainty the result created is the biggest risk to the global economy. It came as ratings giant S&P downgraded the EU’s credit rating yesterday on the back of the vote. […]

Cantor Fitzgerald has lowered Ireland’s growth forecasts for the coming years on the back of the Brexit vote, as the International Monetary Fund warned the uncertainty the result created is the biggest risk to the global economy. It came as ratings giant S&P downgraded the EU’s credit rating yesterday on the back of the vote. […]

AKO Capital, a $9.5bn London-based hedge fund, has taken a 3pc stake in Bank of Ireland, securing its holding in the company last Friday as equities slumped on the back of the Brexit vote. It’s the first time that AKO has held a notifiable interest in the Irish bank, it’s understood. Shares in Bank of […]

Esprit Holdings said Britain’s vote to leave the European Union could affect consumer sentiment in its key markets in Europe, as global businesses and political leaders grapple with the fall-out of last week’s “Brexit”. Britain’s vote to leave the EU has reverberated through global financial markets, with the pound falling to its lowest level in […]

Irish oil explorer Tullow Oil is expecting the TEN Project to deliver oil within the next three to six weeks – its first delivery oil since the company started the project three years ago. In a trading update released to shareholders this morning Tullow chief executive Aidan Heavey also said that production at its Jubilee […]

The initial shock from the UK’s Brexit vote has been contained for Ireland, Finance Minister Michael Noonan has said. At the opening of the National Economic Dialogue, Mr Noonan said there was “no sense of panic” here. “The NTMA are quite happy that they can fully fund the country,” Mr Noonan said. Taoiseach Enda Kenny […]

Trading in UK bank stocks was briefly halted this morning as stock markets continued to plunge on the back of the Brexit vote. So-called circuit breakers – automatic mechanisms for suspending trading in a share of there’s extreme volatility – kicked in on the London market on more than one occasion as shares in Barclays […]

Ireland’s corporation tax will remain low and is a ‘non-issue’ despite fears that the European Union may move to increase the rate, the IDA chief executive Martin Shanahan has said. The IDA boss’ comments come after a thinly veiled threat from Fine Gael MEP Brian Hayes, who said that if the EU looks to increase […]

Ireland’s corporation tax will remain low and is a ‘non-issue’ despite fears that the European Union may move to increase the rate, the IDA chief executive Martin Shanahan has said. The IDA boss’ comments come after a thinly veiled threat from Fine Gael MEP Brian Hayes, who said that if the EU looks to increase […]

The confirmation of victory for the leave camp in the Brexit referendum is causing major disruption to financial markets and is set to have serious implications the Irish economy. The result is “unambiguously negative” for the Irish economy, according Phillip O’Sullivan, chief economist Investec Ireland. One sixth of all Irish exports go to the UK. […]