Syndicated News

25 Mar

Irish bank shares and sterling hit amid Brexit political chaos

Irish bank shares and sterling hit amid Brexit political chaos Irish bank shares and the pound fell sharply yesterday as investors confronted the possibility of a no-deal Brexit. With Ireland’s economy significantly exposed to a no-deal scenario, Permanent TSB lost almost 6.5pc, AIB lost 5.35pc and Bank of Ireland lost 4.87pc – all serving to

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25 Mar

‘Challenging’ year on the energy market, according to ESB

‘Challenging’ year on the energy market, according to ESB ESB delivered “satisfactory results” in 2018 in what was a challenging year on the energy market, according to the company’s chief financial officer. ESB reported an operating profit of €455m last year, and invested €1.2 billion in long term electricity infrastructure as part of its brighter

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25 Mar

Business people buying almost 25% of Irish farmland – report

Business people buying almost 25% of Irish farmland – report Almost 25% of farmland sold in 2018 was bought by business people, the Irish Farmers Journal Agricultural Land Price Report for 2018 shows. Almost 7,800 acres of farmland was bought by business people in 2018, out of a total of 31,687 acres – amounting to

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22 Mar

Oil prices fall despite tighter global supply

Oil prices fall despite tighter global supply Oil prices fell yesterday, dragged down by concerns about global economic growth as the US-China trade dispute rumbled on, but receiving some support from tightened supply. International Brent crude oil futures were at $67.35 a barrel at lunchtime in London, down 26 cents, or 0.38pc. US West Texas

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22 Mar

New mortgage lending increased to nearly €9bn last year

New mortgage lending increased to nearly €9bn last year New mortgage lending in the Republic rose by €1 billion to nearly €9 billion last year, according to the Central Bank. This was the largest annual increase since 2009. However, the annual total remains low by historical standards. Prior to the crash, new mortgage lending hit

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22 Mar

Revenue sets sights on value of private shares

Revenue sets sights on value of private shares Revenue is plotting a crackdown on shareholders of private companies who undervalue their stakes in tax returns. The rules on valuation apply to all unquoted companies – whether it is a large entity operating on a grey market, or a local sweetshop owned by a company. Without

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21 Mar

Household debt shrinks to 2003 levels but economic risk remains

Household debt shrinks to 2003 levels but economic risk remains Even though household and company debt remain high by international standards, they have fallen sharply and may now be in line with the underlying fundamentals of the economy, according to the Department of Finance. Yesterday’s report did warn that in the event of a downturn

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21 Mar

Deutsche and Commerzbank consider merger cuts as talks enter endgame

Deutsche and Commerzbank consider merger cuts as talks enter endgame Deutsche Bank and Commerzbank are now getting down to the finer details of just how a takeover could actually work. With talks expected to last at least four weeks, there’s a mountain of thorny detail to work through. Cost cuts – and where to make

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21 Mar

‘American selfishness on trade’ criticised by EU

‘American selfishness on trade’ criticised by EU EUROPEAN Commission vice-president Jyrki Katainen said on Tuesday that Washington’s “selfish” approach to trade was not sustainable, but it was too early to say that EU-US trade talks were doomed to fail. The Trump administration has imposed stiff tariffs on US imports of steel and aluminium and set

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20 Mar

Banks fight thousands of disputed tracker cases

Banks fight thousands of disputed tracker cases Thousands of tracker cases continue to be disputed by banks, despite the scandal dragging on for a decade now. An additional 8,700 cases in three different banks are being disputed by the lenders. If the banks eventually have to concede on these it will take the total number

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