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Analysis: In a few hours, everything has changed. This Irish goverment’s term will be dominated by the fallout So the nightmare has actually happened. With the decision of the UK to leave the European Union, Ireland now faces a series of consequences – and hard choices – in the short, medium and long term. Firstly, […]

Britain has voted to leave the European Union, the BBC said based on voter tallies from Thursday’s referendum, an outcome that would set the country on an uncertain path and deal the largest setback to European efforts to forge greater unity since World War Two. World financial markets dived as counting from 304 of 382 […]

Many of Ireland’s largest companies have seen their share price rocked this morning following the UK’s decision to leave the European Union. The Iseq has suffered a 12.73pc fall so far this morning with shares in Permanent TSB, Bank of Ireland, Paddy Power Betfair, and CRH amongst the worst hit. Shares in PTSB are down […]

UK retailer John Lewis is to enter the Irish market after securing an exclusive deal with Arnotts that will see the company occupy a section of the Henry Street store. The UK department store will take up around 2,000 sq ft of retail space in the Arnotts store, according to the Irish Times. As part […]

A third lender is to offer a cash incentive to home buyers in a bid to get them to take a mortgage out with it. EBS, which is part of AIB, is offering 2pc of the value of the mortgage drawn down when buyers take out a home loan with it. Bank of Ireland was […]

The Irish Data Protection Commissioner, Helen Dixon, is to “scope” a privacy audit of Apple in relation to a “very specific risk” that Apple device users are said to face. “We’ve identified a very specific risk,” said Ms Dixon. “This is something substantive that we want to look into. It’s a type of area for […]

Dublin is the second most expensive city for Eurozone for foreign workers to live in, according to a new study. Rises in rents have seen the capital rise 20 places in the last three years in the global study, released by consultants Mercer. Paris is the only Eurozone city ranked higher. “As the economy has […]

A Brexit could cost the Irish economy between €2.5bn and just over €3bn over the next two years, potentially wiping out the room for tax cuts and extra spending. Finance Minister Michael Noonan has attempted to play down the risk to the future budgets here, saying the reduction in growth would be “containable”. However, working […]

Providence Resources will be able to push ahead with development of its Druid off-shore oil prospect without seeking a new backer, using proceeds of a new capital raise. The Irish oil and gas company announced last night that it is set to raise $73.4m (€65m) through a sale of shares to new and existing investors. […]

Irish companies with big business interests were among the big gainers yesterday as markets soared on renewed speculation Britain will vote to remain in the European Union this Thursday. Global markets experienced a so-called relief rally, lifting currency markets and European shares, and sending so-called safe haven assets lower. Opinion polls over the weekend appear […]