Ireland sees sharp gain in construction activity recorded in June

Ireland sees sharp gain in construction activity recorded in June

Construction activity in Ireland increased for the first time in four months according to the monthly Purchasing Managers’ Index (PMI) from Ulster Bank.

MORE
Ireland's trade fair organisers seek clarity on when they can reopen

Ireland's trade fair organisers seek clarity on when they can reopen

The Irish Exhibition Organisers Association (IEOA) said that for September and October alone, more than 3,000 small businesses are already booked to exhibit at IEOA ...

MORE
Europe looks to ‘messy’ earnings that may test market’s optimism

Europe looks to ‘messy’ earnings that may test market’s optimism

Investors are gearing up for a potentially tumultuous European earnings season that may offer clues on whether the stock market’s rapid rebound since the start ...

MORE
John Moran: Politicians must write the recovery plan, not bankers

John Moran: Politicians must write the recovery plan, not bankers

The politicians who write the recovery plan will determine how history is written

MORE
Direct support rather than VAT cuts needed for Covid-19 recovery, says Central Bank Governor

Direct support rather than VAT cuts needed for Covid-19 recovery, says Central Bank Governor

Targeted financial support rather than VAT cuts are a better way of providing assistance to business sectors impacted by Covid-19 the Governor of the Central Bank ...

MORE
Pearse Doherty: Government and Tánaiste 'naive' to believe bankers

Pearse Doherty: Government and Tánaiste 'naive' to believe bankers

Sinn Féin says the Tánaiste needs to correct the account of a meeting he had with senior bankers he gave to the Dáil.

MORE
Up to 9,000 jobs to be slashed from Emirates due to coronavirus

Up to 9,000 jobs to be slashed from Emirates due to coronavirus

The airline had previously announced cuts but did not provide specific numbers.

MORE
Ireland faces second mortgage arrears crisis when payment breaks end this autumn, leading financial advisers warn

Ireland faces second mortgage arrears crisis when payment breaks end this autumn, leading financial advisers warn

Ireland is heading into a second arrears crisis as a significant number of people availing of payment breaks will be in no position to restart paying their mortgages ...

MORE
Hotel occupancy plummets as federation calls for cut in Vat to 5%

Hotel occupancy plummets as federation calls for cut in Vat to 5%

Almost 90% of hotels across the country are expected to be open by the middle of this month but reported occupancy levels for the peak summer months of July and ...

MORE
EU's Michel proposes €5bn Brexit emergency fund that may help Ireland

EU's Michel proposes €5bn Brexit emergency fund that may help Ireland

European Council President Charles Michel said on Friday that EU talks with Britain on their new relationship were “not easy” and countries, regions, ...

MORE
Pressure builds on Donohoe after UK cut Vat to boost pubs and restaurants in Covid-19 storm

Pressure builds on Donohoe after UK cut Vat to boost pubs and restaurants in Covid-19 storm

Business groups are stepping up the pressure on Finance Minister Paschal Donohoe to cut the Vat rate as part of this month's Covid-19 economic stimulus package after ...

MORE
Britain heads for sharpest economic slump of major economies in Covid-19 storm

Britain heads for sharpest economic slump of major economies in Covid-19 storm

Moody forecasts a 10% contraction in the UK's GDP for this year.

MORE
UK firm starts selling travel insurance again but rivals hold back amid Covid-19 uncertainty

UK firm starts selling travel insurance again but rivals hold back amid Covid-19 uncertainty

Insurer Admiral has restarted sales of travel insurance to new customers now the UK has once more allowed people to go on holiday, but rivals Aviva and Direct Line ...

MORE
Used car sales rebound in June but demand will lead to price increases

Used car sales rebound in June but demand will lead to price increases

Overall the used car market is down 17.7% year on year with used car imports down 57%

MORE
Carlsberg sees better-than-expected sales pickup amid Covid-19 slump

Carlsberg sees better-than-expected sales pickup amid Covid-19 slump

Danish brewer Carlsberg said on it expects a smaller than forecast drop in first-half operating profit as its key Chinese market rebounded strongly during the second ...

MORE
Judge confirms examinership for parent company of Compu b

Judge confirms examinership for parent company of Compu b

A High Court judge has confirmed examinership for the Irish-headquartered parent of Compu b, a reseller of Apple premium computer products, and three related companies ...

MORE
AM O’Sullivan PR takes top communications award

AM O’Sullivan PR takes top communications award

AM O’Sullivan PR Ltd has won the inaugural PR Agency of the Year prize

MORE
Business Movers

Business Movers

Here is a selection of people starting new roles with companies and organisations in Ireland, including Ibec, Accelerated Payments, Consultative Committee of Accountancy ...

MORE
GRAPEVINE: Analyst warns sluggish Irish R&D investment levels risk stalling recovery

GRAPEVINE: Analyst warns sluggish Irish R&D investment levels risk stalling recovery

Barrie Dowsett, CEO of UK-based Myriad Associates, says Ireland can make better use of tax credits to incentive R&D investment.

MORE
Dublin Port traffic back to 2016 levels due to Covid-19

Dublin Port traffic back to 2016 levels due to Covid-19

Traffic is expected to fall back to 2016 levels

MORE
Good day for Irish consumer companies as share prices rise

Good day for Irish consumer companies as share prices rise

Bulmers cider maker C&C shot up 4.4% after it announced it had poached the boss of Heineken’s UK division to be its next chief executive and had further freshened ...

MORE
Ireland raises €700m in benchmark debt to fund Covid-19 crisis at lowest cost in history of State

Ireland raises €700m in benchmark debt to fund Covid-19 crisis at lowest cost in history of State

The NTMA has raised €700m for 10-years at a negative rate of -0.025%, marking the lowest cost in history for the State to tap a benchmark 10-year bond in international ...

MORE
Stores in Ireland not impacted by Boots plan to cut 4,000 jobs

Stores in Ireland not impacted by Boots plan to cut 4,000 jobs

The move will affect around 7% of the company’s workforce and will particularly affect staff in its Nottingham support office.

MORE
Barnier: 'Significant divergences' persist in EU-UK trade talks

Barnier: 'Significant divergences' persist in EU-UK trade talks

The EU’s chief Brexit negotiator has said that “significant divergences” persist in its talks with Britain on their new relationship from 2021.

MORE
Provisional liquidators appointed to Caritas convalescent centre in Dublin

Provisional liquidators appointed to Caritas convalescent centre in Dublin

The High Court has appointed joint provisional liquidators to a company operating the Caritas Convalescent Centre in Dublin, which employs 65 people, including nurses ...

MORE
Aldi pledges to cut plastic packaging by 50%

Aldi pledges to cut plastic packaging by 50%

Aldi Ireland claimed it will remove 9,874 tonnes of plastic packaging during the next five years, or the equivalent of 200m single items of plastic.

MORE
Wholesale energy prices rise 14% in June as Covid-19 restrictions ease

Wholesale energy prices rise 14% in June as Covid-19 restrictions ease

The Bord Gáis Energy Index has now made double-digit gains for 2 months in a row.

MORE
Govt will come down on banks profiting from pandemic 'like a ton of bricks'

Govt will come down on banks profiting from pandemic 'like a ton of bricks'

Leo Varadkar has said the government will come down on the banks like a ton of bricks if they try to make extra profits out of Covid-19 mortgage breaks.

MORE
Boots to cut more than 4,000 jobs in UK after Covid-19 hammers sales

Boots to cut more than 4,000 jobs in UK after Covid-19 hammers sales

The move will affect around 7% of the company’s workforce in the UK and will particularly impact staff in its Nottingham support office.

MORE
1,300 jobs at risk as John Lewis permanently shuts eight stores in Britain

1,300 jobs at risk as John Lewis permanently shuts eight stores in Britain

The John Lewis Partnership said the cuts are aimed at securing the business’s long-term future and responding to customers’ needs.

MORE
Burger King could be forced to permanently shut one in 10 UK outlets

Burger King could be forced to permanently shut one in 10 UK outlets

Chancellor Rishi Sunak on Wednesday unveiled a £30 billion support package to help boost the nation’s economic recovery.

MORE
VAT reduction necessary for tourism sector to survive

VAT reduction necessary for tourism sector to survive

The chairperson of the Irish Tourism Industry Confederation, Ruth Andrews has said that a reduction in VAT for the hospitality sector is vital to ensure its survival. ...

MORE
Clothes retailer Boohoo shares slide again by 14% on factory pay probe

Clothes retailer Boohoo shares slide again by 14% on factory pay probe

Shares in clothes retailer Boohoo -- which also owns the Pretty Little Things label -- continued to slide as it commissioned an independent review of its supply ...

MORE
Varadkar eyes business tax cuts in job stimulus plan

Varadkar eyes business tax cuts in job stimulus plan

Tánaiste Leo Varadkar has promised a “radical” and “far-reaching” set of initiatives - including the prospect of reduced business ...

MORE
UK's €33bn stimulus includes Vat cut to 5% for restaurants and new 'eat-out' voucher

UK's €33bn stimulus includes Vat cut to 5% for restaurants and new 'eat-out' voucher

UK chancellor Rishi Sunak unveiled an additional £30bn (€33.3bn) stimulus to the British economy to fend off a potential jobs crisis that includes a bonus ...

MORE
Ireland in new OECD spotlight as Apple to hear on €13bn back-tax appeal next week

Ireland in new OECD spotlight as Apple to hear on €13bn back-tax appeal next week

A new OECD report has again put Ireland’s tax regime under the spotlight highlighting the large amounts in corporation tax US multinationals pay the Irish ...

MORE
Leisure sector fears future job losses in Ireland without government support

Leisure sector fears future job losses in Ireland without government support

Future job losses in the leisure and fitness sector are imminent without continued government support according to Ireland Active.

MORE
Landlord of iconic Bewley's Cafe seeks repossession of premises

Landlord of iconic Bewley's Cafe seeks repossession of premises

The landlord of Bewley's Cafe on Dublin's Grafton St has brought a legal action against the operators of the landmark premises seeking alleged rental arrears of ...

MORE
Cork pizza company opens new factory with plans to grow internationally

Cork pizza company opens new factory with plans to grow internationally

A Cork pizza company is expanding its operations and workforce to meet demands as consumers increased their spend on groceries during Covid-19 restrictions.

MORE
Analyst warns sluggish Irish R&D investment levels stalling  recovery

Analyst warns sluggish Irish R&D investment levels stalling  recovery

IRELAND should consider bringing national R&D investment incentives in line with key competitors, whose pro-investor approaches currently seem to be better at accelerating ...

MORE
Covid-19 tracing app nears 1 million downloads in 24 hours

Covid-19 tracing app nears 1 million downloads in 24 hours

The number of people who have downloaded the Government's Covid-19 tracing app is expected to pass one million within 24 hours of its formal launch, which the HSE ...

MORE
Shannon airport unions reject recovery plan and 20% paycuts

Shannon airport unions reject recovery plan and 20% paycuts

Unions at Shannon airport have rejected a recovery plan that would see pay cuts of up to 20%.

MORE
Deal struck to avert cabin crew job losses at Ryanair, Unite announces

Deal struck to avert cabin crew job losses at Ryanair, Unite announces

Workers have agreed a temporary pay cut, to be returned over the next few years, the union said.

MORE
Shops losing up to 25% of floor space due to Covid-19 restrictions

Shops losing up to 25% of floor space due to Covid-19 restrictions

The parent group of Mace, Spar, Londis and XL said 98% of retailers have had to invest in upgrades in response to the Covid-19 pandemic.

MORE
JYSK announce first Dublin store

JYSK announce first Dublin store

The brand, which specialises in household goods such as furniture and interior decor already has seven outlets in Ireland.

MORE
Gilead to create 140 jobs in Dublin and Cork

Gilead to create 140 jobs in Dublin and Cork

Drugmaker Gilead has announced plans to open a new €7m base establishing a paediatric centre of excellence in Ireland that will create 140 jobs in Dublin and ...

MORE
Asos and Next drop Boohoo after Leicester factory allegations

Asos and Next drop Boohoo after Leicester factory allegations

Other online retailers, including Zalando and Very.co.uk, have also temporarily suspended the sale of Boohoo items.

MORE
Clarks joins the growing list of retail casualties on Cork's Patrick's Street

Clarks joins the growing list of retail casualties on Cork's Patrick's Street

Retailers are tentatively reopening their doors as Covid-19 subsides but the scars caused by the pandemic are evident on streets across the country.

MORE
Irish-based aircraft lessor Avolon cancels 27 Boeing 737 Max jets

Irish-based aircraft lessor Avolon cancels 27 Boeing 737 Max jets

Aircraft lessor Avolon said it cancelled an additional 27 Boeing 737 Max planes after cancelling 75 of the jets in April.

MORE
Sportswear retailer JD Sports scraps shareholder dividend pay out due to Covid uncertainty

Sportswear retailer JD Sports scraps shareholder dividend pay out due to Covid uncertainty

Despite a 30% jump in revenue to over £6bn, JD Sports said it will not be paying shareholders an annual dividend due to the ongoing Covid uncertainty.

MORE