Ulster Bank aims to cut soured loans by further sale

Ulster Bank plans to reduce by a significant amount its elevated level of non-performing mortgages through another loans sale this year.

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Major shortage of tradespeople delaying company projects

A major shortage of construction workers is being made worse by a “myriad of problems” in the apprenticeship system, the president of Cork Institute ...

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Shannon Estuary gas terminal project referred to Europe by High Court

The High Court has referred to Europe a number of questions relating to a five-year extension of planning permission for a liquid gas terminal on the Shannon Estuary. ...

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Trade talks with China 'made headway', says US envoy

US-Chinese talks on a war of wills over Beijing's technology ambitions have "made headway" on important issues, the chief American envoy said, but he gave no indication ...

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HSE settles action against Hickey group of pharmacies

A dispute in which the HSE claimed a leading pharmacy group owed it more than €5m over alleged non-compliance with phased dispensing rules has settled at the ...

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Unions: Workers must be protected in the event of no-deal Brexit

The Irish Congress of Trade Unions has warned of the consequences for workers of a no-deal Brexit.

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Construction firms 'experiencing severe difficulties in hiring workers'

A survey has found that 89% of construction companies in Ireland say they are experiencing severe difficulties in hiring workers.

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Yew Grove REIT buys first commercial property in Cork city

Yew Grove REIT has bought a two-storey office block in Cork Airport Business Park for €7.5m.

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Grapevine: Employers urged to look at board room diversity before new rules

Businesses should be examining gender balance in their workplace now in advance of the Gender Pay Gap Information Bill eventually comes into force, advises Patrick ...

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Royal Bank of Scotland profits rise as lender issues £1.6bn dividend

Bottom line profits more than doubled from £752 million last year to £1.62 billion.

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In pictures: Huawei’s European city-inspired campus in China

The tech giant’s new campus will eventually house around 25,000 staff.

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No fizz in Coca-Cola’s shares

Coca-Cola shares plunged the most in more than 10 years after the company forecast slowing sales in 2019, hit by a stronger dollar in the face of rising global economic ...

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3,500 jobs at risk as Airbus ends A380 superjumbo

Europe’s Airbus is scrapping production of the A380 superjumbo, with lacklustre sales forcing it to abandon a dream of dominating the skies with a 21st century ...

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UK firms face higher debt financing costs on Brexit

British companies with over £102bn (€116bn) of debt to refinance this year are facing rising funding costs as a no-deal Brexit looms, with yields on some ...

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Rents rise and prices hiked at food outlets stand out in January consumer prices

Hikes in rents by private landlords and food outlets increasing prices stood out in the January consumer price figures.

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KBC Bank taps financial boost from rising Irish house prices

KBC Bank Ireland got a huge financial boost from rapidly increasing house prices in 2018 but the outlook suggests Irish lenders will have fewer opportunities to ...

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Trump Doonbeg losses fall to €100k in 'best year' for golf resort

Operating losses at the Trump Doonbeg resort reduced sharply to around €100,000 in 2018 as revenues further increased in the "best year" to date for the resort. ...

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Another setback for Harry Crosbie's Vicar Street hotel plan as two appeals are lodged

Developer Harry Crosbie has received another setback in his hotel building plans for the capital.

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Irish fund steps in to rescue Patisserie Valerie coffee outlets

Causeway Capital, an Irish-based equity fund, has bought out the Patisserie Valerie coffee-and-cake chain from British administrators, showing its faith in troubled ...

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Business groups back lifting of €320m Dublin runway restrictions

Business groups have backed the Daa in its efforts to remove restrictions on overnight flights from its new North Runway, as protests from local residents opposed ...

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Local firms urged to practice 'social innovation' and engage in community projects

Firms in Cork have been encouraged to practice so-called ‘social innovation’ by engaging in community projects and not only raising funds for good causes. ...

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Standard & Poor's ratings agency opens European HQ in Dublin

Global ratings agency Standard & Poor's (S&P) has opened a new European headquarters in Dublin.

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Interest rates more likely to be cut after no-deal Brexit, says Bank of England policymaker

A Bank of England policymaker says recent data suggests the slowdown in the British economy is continuing.

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Irish private equity firm saves 2,000 jobs after buying UK cake chain Patisserie Valerie

Dublin-based Causeway Capital Partners now owns the company.

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Here are the vacancy rates for commercial properties in each county

13.2% of commercial properties are vacant around the country, according to the latest report by GeoDirectory.

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Enterprise Ireland invests €23m in 132 start-ups in 2018

Enterprise Ireland invested €23m in Irish start-ups in 2018 and supported a total of 132 start-up companies.

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German narrowly misses tumbling into a technical recession

Construction and business spending helped Europe's largest economy avoid two consecutive quarters of negative GDP growth - a technical recession.

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Work to begin on new runway at Dublin Aiport

The first sod on Dublin Airport's new north runway will be turned by Taoiseach Leo Varadkar and Transport Minister Shane Ross later today.

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Airbus to end production of A380 superjumbo jet

The company described the decision as “painful”.

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High rate of commercial vacancies

Vacancies in commercial premises remain “stubbornly high” around the country with more than one in 10 buildings unoccupied, a report from property database ...

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Irish banks likely to sell off more loans, says S&P

Irish banks will likely dispose of many more of their non-performing loans to meet targets of the European regulators, S&P Global Ratings has predicted.

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Smurfit likely to attract renewed bid from US firm

Smurfit Kappa will likely in time attract a renewed offer from International Paper after the Irish firm resisted its takeover offer last year, broker Cantor Fitzgerald ...

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Woman sues ex partner of 17 years over alleged business partnership agreement

A South Dublin businesswoman has sued her former partner claiming she is entitled to a share in a property business they allegedly built up together over many years. ...

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Paddy Power Betfair to challenge €55 m tax bills

Paddy Power Betfair is to mount a legal challenge after being landed with a €55 m euro tax bill in Germany and Greece.

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Construction firm Ardmac to open new offices in Cork and Amsterdam

Irish construction company Ardmac has announced the creation of 70 new jobs as part of its expansion in Cork and Amsterdam this year.

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Number of NAMA and NTMA employees earning over €100,000 rose to 261 last year

The number of high-fliers earning over €100,000 in remuneration at the National Asset Management Agency (NAMA) and the National Treasury Management Agency (NTMA) ...

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Ford warns no-deal Brexit would be 'catastrophic' for car industry

Car giant Ford has warned that leaving the European Union without a deal next month would be "catastrophic" for the UK's auto industry.

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Premier Inn owner to return £2.5bn to investors and slash costs

Premier Inn owner Whitbread has unveiled plans to return another £2 bn (€2.28bn) to investors following its Costa Coffee sale and slash costs by a further ...

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Women urged to 'step up' ahead of International Women's Day event at Thomond Park

Women must be ready to seize opportunities and promotions and take for State board positions, the president of women’s business organisation Network Ireland ...

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Financial services firm secures injunction against EBS over purported termination of agreement to operate EBS branches

A financial services company has secured a High Court injunction preventing EBS from terminating an agency agreement to operate three of the building society's branches ...

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Imagine announces €300m investment in high-speed broadband network

Imagine Communications has announced its plans to bring high-speed broadband to 1 million homes and businesses across Ireland within the next 18 months.

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Cork cybersecurity firm beats global firms to win prestigious IBM award

Cork-headquartered cybersecurity firm Smarttech247 has become the first Irish company to win IBM’s Beacon Award for Outstanding Security Solution in California. ...

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Industrial production in EU sees largest fall in Ireland 

Ireland has experienced the largest reduction in industrial production when compared to other European Union countries, new data shows.

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Shares rise 4% in Tullow Oil as it returns to net profit, resumes dividend

Shares in Irish-founded Tullow Oil rose more than 4% as it reported its first annual net profit in five years.

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We're spending less in shops and more online

A study carried out by Visa's Irish Consumer Spending Index showed that people have not been spending as much.

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January inflation undershoots Bank of England target

Inflation last month fell to 1.8% from 2.1% in December.

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Dublin's 'Reflector' building goes on sale for €155m

Dublin's iconic new 'Reflector' building has just gone on the market for €155m.

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UK businesses seek ‘clear answers’ over trade after Brexit

Firms and communities risk being ‘hung out to dry’ over Brexit uncertainty, BCC warns.

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‘Apex Legends’ game sales helps boost EA shares

Shares of Electronic Arts (EA) jumped after the video game maker said 25 million players signed up for its new battle royal game Apex Legends.

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Global markets can’t make up their minds about what might happen next

Investors are riding helter-skelter markets — causing headaches as they try to figure out whether Goldilocks is back or recession is nigh.

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