News

One in three households considers it a good time to purchase big ticket items and a quarter intend to purchase a car in the next year, a survey by Bank of Ireland has found. Almost four in ten consumers expect their household financial situation to improve in the next year, although just under half expect […]

FARMERS have seen some savings in their pockets with the price of fertiliser falling in recent weeks. Prices of fertiliser have dropped as low as €240 to €290 for a large bag of CAN in North Leinster, down from €306 to €355 during May last year. However, most retailers are quoting €250 up to €290 […]

The Government has raised €750m in in a bond auction. The yield on the 0.8pc 2022 treasury bonds was 0.157pc with bid/cover of 2.6. It was conducted by the National Treasury Management agency and was the first auction since the formation of the news government. Last month the NTMA auctioned off another €750m worth of […]

KBC Bank Ireland has more than doubled its profit in the first quarter of its financial year, rising to €34.2 from €16.2m when compared with the same period last year. In the three month period to the end of March, the bank added 16,800 with current accounts continuing to drive new customer acquisitions. The firm […]

The formation of a government has not brought an end to political uncertainty, ratings agency Fitch has warned. Although uncertainty has been reduced, it hasn’t been eliminated because it isn’t clear how much of its legislative programme the minority government will be able to implement, the ratings giant said. The agency also warned that possible […]

Virgin Media has suffered a 14pc fall in its Irish TV customer base over the last year, new accounts show. The operator, which rebranded from UPC last year, lost 53,900 television customers in the last 12 months as stiff competition from Sky, Eir and Saorview continue to bite. Virgin also saw a slight fall in […]

The pressure on banks to cut their variable rates has been ramped up after Fianna Fáil resubmitted a bill to the Dáil which would give powers to the Central Bank to enforce cuts in rates. The move comes after AIB said it was reducing its variable rate for the fourth time in July. It is […]

Pizza Hut Delivery is to create 3,000 jobs in 200 new stores across the UK and Ireland over the next four years. The firm did not give a breakdown of how many jobs would be based in Ireland and where it plans to open the new stores. The chain is set to invest £40m (€50.6m) […]

Units of Eirtech Aviation, the Shannon-based aircraft painting company, have concluded agreements with the Revenue Commissioners in relation to historical tax liabilities that have seen them hand over more than €2.7m to the authority. Eirtech was acquired in 2014 by Los Angeles-based Vance Street Capital in a deal thought to be worth in the region […]