Categorized as: Syndicated News

The UK election result: Three things Irish businesses should monitor

As the UK election bombshell unfolds this morning, business owners in Ireland already having to deal with the uncertainty around Brexit will be waking up to further reasons for concern.

Sterling drops after UK election shock

Sterling dived and the FTSE share index was set to fall 1pc on Friday after a shockingly bad election result for Prime Minister Theresa May plunged Britain into political chaos days before the start of Brexit talks.

ECB signals ultra-cheap debt era is almost over

Mario Draghi has given the clearest indication yet that the era of record low borrowing costs is drawing to a close.

Motor premium costs fall for second month

The cost of motor insurance premiums fell for the second month in a row in May. New figures from the Central Statistics Office show that motor cover was 8.6pc cheaper last month than a year earlier.

Irish economy on a normalised footing as demand for sovereign debt grows

The rebound in demand for Irish sovereign debt shows little sign of dwindling following this morning’s €1bn auction by the National Treasury Management Agency.

Brexit means harmonised corporation tax closer

Brexit will make it much more difficult for Ireland to fight plans by the European Commission to standardise the way corporation tax is calculated and paid across the EU, an academic has warned.

Moody’s upgrades the long-term bank deposit and debt ratings of Bank Of Ireland and AIB

Credit ratings agency Moody’s has upgraded the long-term bank deposit and debt ratings of Bank Of Ireland and AIB.

Greenfield investment into UK plunges 42pc after vote to quit EU

The Brexit vote has dealt short-term damage to the UK’s offering as a foreign direct investment location, a report claims, with the country experiencing a 42pc fall in greenfield capital investment year-on-year.

How 30pc of houses for sale can’t find buyers despite crisis

One-in-three houses put on the market almost three months ago has failed to sell. A snapshot of almost 200 properties across 15 counties ranging from two-bed apartments to €1m-plus homes shows that 30pc, or 58, remain on the market despite the housing shortage.

Retail data startup wins pitch contest

Technology firm Popertee has walked away with first prize in the Wayra UK pitch contest at the TechConnect Live showcase at the RDS.