Irish shares surged after Boris Johnson secured a resounding election victory in the UK, as banks, property, travel firms, and hoteliers tapped into the sharp climb in the value of sterling.

Sterling held most its gains against the euro and the dollar yesterday even as analysts saw the dangers of UK prime minster’s Boris Johnson’s new Brexit deal becoming ensnared in the Commons.

Surging optimism for a breakthrough Brexit deal also sent the value of the two main Irish banks, AIB and Bank of Ireland surging by an unprecedented €1.5bn by last night.

The Brexit gloom lifted helping boost the shares of Irish banks and property firms, as well as the owner of Paddy Power, as investors bet the risk of a crash-out Brexit had receded for the time being.

Shares in ICG sank 5% as the Irish Ferries-owner signalled up the uncertainty it faces from the fall in sterling that may put off British tourists travelling across the Irish Sea.

Global markets appear to have called time on the dangerous game of hardball US president Donald Trump is playing with China, as a plunge in shares, government bond yields, and the price of oil signalled his trade wars could lead to world recession.

The Irish Stock Exchange has been on an interesting journey during 2019, writes Joe Gill.

The last gamble of Theresa May to win over MPs to support her Brexit deal appeared to unravel putting a question mark over her future and weighing on sterling.

Shareholders in Irish Ferries-owner Irish Continental Group (ICG) have unanimously backed under-fire chairman John B. McGuckian and supported the group's executive pay policy.

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 risk of Britain crashing out of the EU.

The experts predict that a defeat may be snatched from the jaws of victory, with logic lacking in the Brexit negotiations. From local concerns to the international outlook, Eamon Quinn, Geoff Percival, and Pádraig Hoare report on this week’s Brexit progress.

Brightening prospects of what looked like, even a week ago, an unlikely Brexit breakthrough will be the key focus of Irish exporters, foreign exchange traders, and the Dublin and London stock markets this week.

The owner of Irish Ferries has said the economic outlook and its own earnings potential remain buoyant despite Brexit uncertainties, writes Geoff Percival

If transport capacity to and from the island of Ireland is a measure of economic activity, then we are set for period of expansion in 2018.

Irish Ferries owner Irish Continental Group (ICG) has said its €315m investment in two new ferries will equip it for further growth and is a sign of confidence in the Irish Sea and French passenger markets.

Irish Ferries has asked the public to name its new ferry, with the promise of free travel for life for the winner of the competition.

Irish Ferries has asked the public to name its new ferry, with the promise of free travel for life for the winner of the competition.

Irish Continental Group (ICG) which is the parent company of Irish Ferries, has said it is confident that 2017 will be another year of growth, despite the twin threats of Brexit and rising fuel prices.

Kyran Fitzgerald says that rather than drain the swamp as he promised in his election campaign, Donald Trump will actually bring more alligators with him next month.

At a time when high quality bond yields are collapsing to zero, the value and importance of dividends from equities has never been more important.

Shares in Irish Continental Group (ICG), the owner of Irish Ferries, fell by over 2% yesterday, despite it reporting strong first-half figures and saying bookings have recovered since an initial Brexit hit.

The pressure has resumed on Irish firms that depend on selling their goods and services to Britain.

Irish Continental Group’s share price recovery continued yesterday with a near 3% gain on the back of the Irish Ferries owner announcing a €144m deal for its first newly built vessel in 15 years.

Irish Continental Group (ICG) chief executive Eamonn Rothwell said yesterday he would be “wasting time” by planning for a possible Brexit and any implications which “might” arise.

Ferry and freight services business Irish Continental Group (ICG) expects to see continued earnings and revenue growth this year on the back of low fuel prices, but will also see revenues suffer slightly due to the current weakening in sterling.

Revenues have increased at Irish Continental, the company that owns Irish Ferries, growing by 10.5% to €320.6m while passenger numbers increased by 2% to 1.68 million during 2015.

Corporate Ireland is in good health and that is an important position for those who care about building a positive future for Ireland.

Ferry and freight services business Irish Continental Group (ICG) is expected to be debt free by the end of 2016.

Challenger companies are businesses that disrupt existing markets and dare to compete with much larger, incumbent organisations. 

Ferries and freight business Irish Continental Group (ICG) has reported a strong start to the year, with revenues up by over 7% for the first four months of the year, on an annualised basis.

Ferries and freight business Irish Continental Group (ICG) is anticipating further strong revenue and earnings growth this year, largely thanks to lower oil prices, after reporting a strong showing for 2014.

Irish Continental Group has reported a 10.3% year-on-year increase in revenues for the third quarter of 2014, its most important period of the year.

Irish Ferries owner Irish Continental Group saw profits fall significantly in the opening six months of the year despite an increase in revenues.

Ferry and freight services group Irish Continental has seen revenues grow by nearly 6% in the year to date, despite the negative effects of a weather-wracked first two months.

Irish Continental Group (ICG) has seen an 18% rise in its freight market.

It is always a challenge to measure the temperature of any economy as official data tends to be historic and forecasts are by definition estimates rather than facts.

Shipping group, Irish Continental (ICG) saw profits grow in both its ferry and freight/terminal divisions in the first half of this year, but an increase in financing costs dragged group pre-tax profits down by nearly 11%.

Irish Ferries’ owner Irish Continental Group (ICG) said it will continue its policy of not hedging on fuel costs; adding that if it had done so at the turn of this year, it would already have lost around €4m on the back of falling oil prices.

Irish Continental Group’s (ICG) revenue was €72m for the first four months of the year compared with €70.4m for the same period last year, although operating costs were 1.1% higher at €67.3m.