News

Rising rents and political uncertainty limits savings

The credit union at the centre of a fraud allegation had fake loans and two sets of deposit books. Rush Credit Union is now under investigation by the gardaí and forensic accountants appointed by the board of Rush Credit Union, on the advice of the Central Bank. The revelations come as pressure mounts on smaller […]

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Broadband users face price hikes of 18% from September

Telcos say they intend to pass on Eir’s increase in wholesale rates to consumers Consumers can expect an 18 per cent hike in broadband prices from next September as a result of changes to Eir’s wholesale rates. The State’s largest telco rents space on its network to rival operators such as Vodafone, BT, Magnet and […]

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Under-fire credit union ‘had fake loans and two sets of deposit books’

The credit union at the centre of a fraud allegation had fake loans and two sets of deposit books. Rush Credit Union is now under investigation by the gardaí and forensic accountants appointed by the board of Rush Credit Union, on the advice of the Central Bank. The revelations come as pressure mounts on smaller […]

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Multi-million euro scheme set to provide interest-free cash flow to dairy and grain farmers

A €55m scheme to provide interest-free cash flow supports to dairy and grain farmers with Glanbia Co-op has been confirmed as part of a move to combat volatility. Glanbia confirmed the advance payment scheme will offer farmers who are members of their co-op the chance to draw down the loans when the market prices for […]

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Tax cuts will overheat the economy says OECD

Government policies need to change to make the economic recovery more “inclusive” but spending also has to be controlled to mitigate the risk of a new downturn, according to a new report in the Irish economy. Cutting taxes risks overheating the economy, it said. The Organisation for Economic Cooperation and Development (OECD) released its global […]

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EY to create 270 new jobs and open two new offices

Financial services firm EY is to create 270 new jobs and open two new offices in Dublin and Galway as part of a major expansion in Ireland. EY is committing to recruiting 220 new experiences hires as well as increasing its annual graduate intake from 200 to 250 across its seven offices. The average salaries […]

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Irish competitiveness gains overstated says watchdog, as skills gap pushes up costs

A global ranking highlighting a marked improvement in Ireland’s competitiveness shouldn’t distract from outstanding problems, the head of the State’s competitiveness watchdog has warned. The National Competitiveness Council, headed by UCD economist Professor Peter Clinch, welcomed Ireland’s ranking rise. But Prof Clinch sounded a note of caution, saying: “While we should be pleased that Ireland’s […]

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Irish manufacturing growth slows to near three-year-low

Growth in the Irish manufacturing industry slowed to a near three-month-low in May, new figures have shown. According to the latest Investec Manufacturing Purchasing Managers’ Index (PMI), the headline figure of growth slowed to 51.5, its lowest since July 2013. The drop in growth is as a result of general weakening in demand with the […]

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Unemployment hits new post-crash low of 7.8%

Latest official figures points to annual decrease of 38,300 or 1.8 per cent Unemployment has fallen to a new post-crash low of 7.8 per cent as conditions in the jobs market continue to improve. The latest official figures show the number of workers classified as unemployed fell by 1,500 to 169,700 in May. This equated […]

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Prime retail rents jump as sector becomes latest to feel shortage of space

Prime rents for shops on Henry Street in central Dublin have increased 14pc on the past year, as the retail market continues to show signs of improvement. Property agent CBRE say the outlook for the retail sector is steadily getting better, and that is feeding through to demand for shops in strong locations around the […]

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