Business News

Economy a ‘miracle’ despite Trump and Brexit threat, says Central Bank

7th April 2017

The Central Bank has revised up its growth forecasts on the back of strong domestic demand despite citing the twin threats of Brexit and the potential economic policies of US President Donald Trump. Chief economist Gabriel Fagan lauded the economy’s performance and said it had all the hallmarks of the ‘Phoenix Miracle’ – the theory […]

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Publican Gleeson wins court fight to block his dismissal

7th April 2017

High-profile publican Frank Gleeson has secured a temporary High Court injunction preventing the company he is CEO of from taking steps to dismiss him. Mr Justice Paul Gilligan granted Mr Gleeson an interim injunction yesterday preventing Dublin pub group Mercantile Entertainment from dismissing him. The order also prevents Mercantile taking any steps to discipline Mr […]

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IDA chief: ‘Housing crisis isn’t hurting our Brexit bid’

7th April 2017

The impact of the housing crisis on the drive to attract foreign direct investment into Ireland and into Dublin, particularly in the wake of Brexit, is the subject of increasing concern among developers involved in the delivery of new office space. The issue took centre stage last Friday at the annual conference of the Society […]

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We are on road to ruin unless we increase infrastructure investment without delay

6th April 2017

Ireland is going to change dramatically over the next 10 to 15 years and we are not preparing for it properly. I am not talking about Brexit or the future of the single currency. Neither am I talking about the impact Donald Trump’s US presidency might have on corporations and how they are taxed. The […]

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Standard Life considering Ireland as possible EU base

6th April 2017

Standard Life is considering increasing the size of its Dublin operation as a result of Brexit. The company is considering Dublin as one of a number of possible destinations for the its EU base after Brexit negotiations are concluded, according to a report in The Irish Times. That would require the company-which currently employs around […]

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Citadel moves to expand in prime Dublin location

6th April 2017

The largest equity trader in the United States, Citadel Securities, is to grow its Dublin operation over the next two years. The company will move into an 18,500 square foot office space at 1 Grand Canal Dock which it will rent for an annual €1.1m, according to The Irish Times. Citadel said it will ramp […]

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Advisers to snap up €10.5m in Bank of Ireland fees

5th April 2017

Advisers to Bank of Ireland’s corporate overhaul – a largely technical move – stand to make close to €10.5m in fees. The figure was disclosed in a prospectus, filed yesterday, detailing a reorganisation of the lender that will result in a drastic reduction in the number of shares on issue and create a new holding […]

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Ireland faces scrutiny from Trump’s US over $36bn surplus

5th April 2017

Ireland’s economic model is set to come under unprecedented scrutiny after the Trump administration launched an investigation into its trade relations with “partners” around the world. New data shows that Ireland currently has the most favourable trade with the US of any country in Europe bar Germany. It should be good news, showing we export […]

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Fears for Irish exporters as UK construction slows

5th April 2017

A slowdown in the growth of UK construction activity has added to fears that the country’s economy may be starting to cool. March saw only a marginal rise in new work across the British construction sector, with a weak rise in home building in particular. Any fall-off in activity in the sector is bad news […]

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State may take lower price to get top investors to buy into AIB

4th April 2017

The Government is considering roping in a handful of blue-chip investors to anchor AIB’s shareholder base when it sells €3bn of shares in the bank this summer. But any move to restrict smaller hedge funds and opportunist investors from piling into the deal could mean a lower price for the State when it sells the […]

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