News

Consumer spending in Ireland increased at the second strongest rate of growth recorded by Visa in April. According to Visa Europe’s Consumer Spending Index, Irish consumer expenditure increased by 9.7pc year on year in April. Online shopping was the main driver of growth during the month, with the Irish web spend increasing by 18.7pc, when […]

The National Treasury Management Agency (NTMA) is to raise €750m from the sale of six-year treasury bonds on Thursday. The bonds will be sold at the NTMA’s first auction since the formation of the new government. The auction of the 0.8pc 2022 treasury bonds, which will conducted on the Bloomberg Auction System, will begin at […]

The State-owned banking group said its rate will come down by 0.25pc from start of July. However, the group said the new lower variable rates only apply to AIB customers, and there has been no reduction announced for EBS and Haven mortgage holders. AIB is also said it is now offering a new €2,000 contribution […]

Ryanair is likely to feed passengers to the Aer Lingus long-haul network as part of what would be an unprecedented formal agreement between the two former arch rivals, according to IAG chief executive Willie Walsh. The two airlines have held high level talks at various stages over the past year or more on a so-called […]

From water charges to sugar tax, the proposed plan will impact on your wallet – Taxes on your income: The programme promises to ask the Oireachtas to approve a tax plan which will “continue to phase out the USC” as part of a medium- term strategy. So more USC cuts are on the way and […]

The number of people signing on the Live Register fell by 4,400 in April as the country’s unemployment rate dipped to 8.4pc in the month, new figures have shown. According to the Central Statistics Office (CSO) there were 305,785 people signing on the live register last month, which is down 11pc on the same period […]

Ryanair is on course to overtake EasyJet as the biggest airline in the UK this year, Michael O’Leary has said. “We’re neck and neck at the moment,” the Ryanair chief executive said yesterday. “As we open up the new base in Belfast, we’re adding more aircraft this winter in Glasgow, Edinburgh, Manchester, and Stansted continues […]

Political instability may have caused a slowdown in the Irish services industry in April as growth in new business hit a 26-month low. According to the Investec Purchasing Managers’ Index (PMI) new business growth in the sector eased for the third month in a row, hitting its lowest since February 2014. The headline reading from […]

A welcome move, the introduction of a rainy day fund by the New Government – especially after the National Pension Reserve Fund was raided to the tune of €17bn to contribute to the bailout and shore up the banks. But will we have learned lessons from the past and what will the fund be used […]

US property firm Hines has pulled out of a €242m purchase of PriceWaterhouseCoopers’ (PwC) headquarters in Dublin, it is understood. Hines was expected to complete the deal for the 226,624 sq ft office block, located at One Spencer Dock D1, on a joint venture basis with two German pension funds. However, according to a report […]