Business News

New home completions up by 23% in first quarter – CSO

New home completions up by 23% in first quarter – CSO

The number of new homes built in the first quarter of this year rose by 23.2%, the latest figures from the Central Statistics Office show.

The CSO said a total of 4,275 new dwellings were finished in the first three months of the year, compared with 3,470 completions the same time last year.

Today’s figures show that once-off builds …

Mild weather so far this year boosts Irish retailers

Mild weather so far this year boosts Irish retailers

A new report shows that the value of retail sales rose by 4.7% in the first quarter of the year, boosted by a mild winter and early spring weather.

The Retail Monitor, from Retail Ireland – the Ibec group that represents the sector – said there was a “modest uptick” in consumer confidence coming off the back of some respite from …

World Bank’s €1.5 billion sustainable bond to be listed on Euronext Dublin

World Bank’s €1.5 billion sustainable bond to be listed on Euronext Dublin

The World Bank has raised €1.5 billion from a 10-year Global Sustainable Development Bond, which will be listed on the Euronext Dublin exchange.

It will also be listed on the Luxemburg Stock Exchange.

The funds were raised from institutional investors around the globe to finance the World Bank’s sustainable development activities.

This is the World Bank’s first 10-year …

Fee increases will be critical for Irish banks – S&P

Fee increases will be critical for Irish banks – S&P

Increasing fees and commissions will be critical for Irish banks in the coming years, in order to offset pressure on the difference between the amount of interest they earn versus what they pay out to those lending them money.

That’s according to ratings agency S&P Global Ratings, which says it does not expect banks here to be able to expand …

Euro zone economy accelerates in Q1 as Germany rebounds

Euro zone economy accelerates in Q1 as Germany rebounds

The euro zone economy accelerated quarter-on-quarter in the first three months of the year, the EU’s statistics office confirmed today.

This was thanks to a rebound in the biggest economy Germany and the end of a technical recession in Italy.

Eurostat said the economy of the 19 countries sharing the euro expanded by 0.4% quarter-on-quarter in the three months from …

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