Sterling steadies after huge Brexit losses, shares hit by global trade turmoil

Sterling steadied after initially posting further large losses on UK political fears but shares in Europe and the US were hit as the fallout of the US-China trade ...

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Co Down port clinches €11m gas storage deal to secure supply of CO2 to pubs across Ireland

The plan has taken a major step forward after it signed an agreement with Nippon Gasses to provide CO2 for a facility with the capacity to store 2,500 tonnes of ...

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No Irish city 'responded to climate change survey request'

An international organisation that measures efforts by cities worldwide to cut carbon emissions said that no Irish city has responded to its survey.

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Sterling tumbles as May's exit plan stokes market fears of UK heading to crash out of EU

Sterling tumbled as Theresa May set down a timetable for her departure and setting up a leadership contest that may elect a hard line Brexiteer and increase the ...

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New KBC Bank chief says he's ‘comfortable’ with Irish share of mortgage market

The new boss of KBC Bank Ireland has said he is currently “comfortable” with its share of the Irish mortgage market and indicated he has ruled out selling ...

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Irish exporters shake off Brexit and trade concern for now as clouds darken

Irish exporters appear to have shaken off concerns over Brexit and global trade wars — but only for the time being — while consumer spending remains ...

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Irish banks should hike fees and commission to boost flagging profitability, says credit rating firm S&P

The days of Irish banks writing back large loan-loss provisions are coming to an end and it is “critical” for the lenders to hike fees and commissions ...

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Donald Trump dials down the rhetoric to soothe market fears over global trade wars

European and US shares clawed back some of the sharp losses from earlier in the week as President Donald Trump stepped down the rhetoric of the US trade clash with ...

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Bank of Ireland board faces barrage of complaints from shareholders over customer service at branches

The Bank of Ireland board faced a barrage of queries and complaints from shareholders on the future of its UK lending operations, customer service and new technology, ...

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Ireland ‘worst hit’ if US widens trade war front

Ireland will be the worst hit economy in the eurozone if the US-China trade spat broadens to envelop Europe, according to a leading economics group.

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IMF pushes Donohoe for action on tax change

The IMF has aimed an early warning shot at Paschal Donohoe, telling the finance minister to avoid any more huge spending over-runs on healthcare and to get on with ...

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IAG boss Willie Walsh reveals Aer Lingus early plans for new Atlantic routes

Chief executive Willie Walsh has said his IAG board heard a strong case this week from Aer Lingus bosses for further expansion out of Ireland across the Atlantic.

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Stockbroker that is closing up shop fined €280,000 by Central Bank

The Central Bank fine on Campbell O’Connor, which is closing down after almost 60 years in business, was reduced to €280,00 from €400,000 after it ...

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European stock markets avoid fallout from US-China trade war blowout

US shares were hit sideways but European markets were relatively unscathed as President Donald Trump insisted he was in no rush to settle the China trade spat.

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Providing access to computers is not enough to boost skills, says OECD

Providing access to computers in schools is not enough and governments will need to review life-long teaching to keep up with the pace of automation that threatens ...

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About a third of the bounce in 2018 corporation tax revenues linked to 'once-off' factors

A report by the Revenue on surging corporation tax revenues has re-sparked political concerns that Government spending relies too much on once-off revenue bounties. ...

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Nervous stock markets watch countdown toward Friday escalation in US trade dispute with China

Irish and UK shares were mixed as the trade war between the US and China threatened to flare by the end of the week, barring a last-minute intervention by one of ...

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Trade fears haunt stock markets

The risk that a potential trade deal between the US and China will unexpectedly unravel into acrimony hit German, Irish, and other shares exposed to world trade.

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Irish rents and wages to rise in robust economy even as Brexit threat looms, says EU

The costs of rents will continue to rise and wages will increase amid a “robust” economy despite ever-present threats from Brexit and global trade wars, ...

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Grocery prices rise at fastest pace since 2016

The prices of Irish groceries rose by an annual 2.6% over the Easter period, the fastest since August 2016.

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Sterling steadies after UK polls as focus falls on looming European Parliament elections

Sterling and shares brushed aside the UK local election results as investors focused on the potential fallout from the European Parliament elections later this month. ...

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Bank of Ireland sees some relief for SME lending amid Brexit pressures

SMEs are asking for more loans, Bank of Ireland has said, boosting hopes that some of the worst effects of Brexit are beginning to lift.

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Volatility returns to hit exchequer tax returns in April

Volatility has returned to the Government’s tax revenues, as Vat and corporation taxes brought in less than anticipated in April, while excise duties brought ...

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New threat faces 3,600 Belfast jobs as jet maker Bombardier puts sites up for sale

Uncertainty again faces 3,600 jobs at Bombardier in Belfast after the Canadian planemaker said it had put up for sale facilities across the city.

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AIB shares slip despite 'solid' start to year

Shares in AIB slipped 1% as the bank said that profits were “solid” in the first three months of the year despite the uncertainties of Brexit.

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Healthy rise in sales but no return to boom

Retail sales rose strongly in the first quarter but the sales uplift still appears to be far from indicating a return to a boom-time spending spree.

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There will be jobs, says the OECD, but automation threatens the nature of work

The OECD has urged governments across the world to bolster social protections as workers face another surge of unprecedented automation in the coming years.

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AIB loan sale sparks farmers’ protest

New AIB chief executive Colin Hunt has signalled the lender cannot rule out further sales of soured loans following a farmers’ protest at its annual meeting.

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Glanbia shares fall 6% despite profit goal

Shares in Glanbia tumbled by 6% even as the international food firm reiterated it is on track

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Affordability weighs on goal of 22,000 new homes

Reaching an interim target of 22,000 new homes this year may be missed because of the pressures of affordability and the fact that too few apartments are under construction, ...

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Leading economist Alan McQuaid steps down for new role

One of the country’s leading economic commentators, Alan McQuaid, stepped down this week from his job as chief economist at Cantor Fitzgerald in Dublin.

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Spending rise offers hope for retailers

Spending by Irish households has shown signs of picking up, which may be a glimmer of hope for retailers that consumers will increase spending in the coming months. ...

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Tax revenues to rise even as economy cools

Finance Minister Paschal Donohoe looks set to have ample room for spending rises and tax cuts in his next budget even as the Government cut the growth outlook.

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Green Reit sale sparks major surprise

Green Reit shares climbed following its surprise decision to put itself on the market, but other stock market property listed firms failed to get a major lift.

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Quinn Industrial Holdings eyes ready-mix facility to tap Irish building boom

Construction products and packing group, Quinn Industrial Holdings is seeking to expand into the ready-mix concrete market to tap the building boom in the Dublin ...

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Airline and travel shares soar on Brexit extension; markets see UK still in EU still by end of year

Shares in airlines, including Ryanair and Aer-Lingus-owner IAG, as well as travel giant TUI soared, as the threat of any disruption from Brexit was put off beyond ...

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Irish middle class ‘escaped the worst’ of global downturn

The middle class here may have largely escaped the worst of the “bleak” pressures on incomes and rising debt facing their counterparts in many parts ...

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Debenhams stays open but Irish concerns persist as union writes to retailer

Concerns persist for the hundreds of staff employed at 16 Debenhams stores in the Republic and the North as Debenhams said it was trading as normal despite its UK ...

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AIB: Dropping First Trust name in North not Brexit related

AIB said it is showing its commitment to its banking operation in the North as it changes the First Trust name back to AIB.

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Grocery spending tops €2.5bn in run-up to Easter

Aldi and Lidl gained market share as Dunnes retained its slot as the largest supermarket in a “bumper” market worth over €2.5 billion, the latest ...

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May's Brexit request drags sterling lower on fears of British political fallout

Sterling slid against the euro as the request by Prime Minister Theresa May for a Brexit extension increased market tension over the latest drama in British politics. ...

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Customs will talk to truckers at ports over no-deal fallout

The Revenue will start talking to truck drivers at Dublin and Rosslare ports from today about the potential huge delays and disruption to trade if Britain crashes ...

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INM value surges to €132m on potential bid; Axel Springer understood not to be interested

Shares in Independent News & Media (INM) climbed 30% as the publisher revealed it received a potential takeover approach from an unnamed company, putting it into ...

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Consumers seek end of Brexit gloom

A lifting of the Brexit gloom and the relief of Britain ruling out crashing out of the EU would likely spur Irish households to spend more on pricey consumer items, ...

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Pound falls as markets‘blasé’

Sterling fell against the euro but continued to trade higher in the week, as investors placed their hopes on MPs forcing through legislation banning the UK from ...

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Buoyant exchequer avoids Brexit hit but spending rises strongly

The huge uncertainty facing Irish businesses and households over the direction of Brexit has yet to significantly affect Government revenues, the latest exchequer ...

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Sterling surges as MPs prepare to vote on Brexit options this evening

Sterling surged almost 1% against the euro ahead of another series of votes in the Commons as investors bet that MPs were moving toward endorsing a soft version ...

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AIB’s €1bn sale raises call for focus on landlord loans

A leading mortgage debt advocate at the Free Legal Advice Centres, Flac, has called for a new focus on the link between the housing crisis and the sale of distressed ...

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Sterling starts to reflect possibility of early UK election

Sterling fell slightly as Theresa May lost a vote for the third time for her EU withdrawal deal, which could bring a UK general election closer.

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BoI earmarks €375m landlord loans

Bank of Ireland has moved to reduce the amount of crisis-era landlord mortgage loans on its books — but has opted to securitise or refinance the loans rather ...

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