Business News

Almost €4.5m stolen in invoice redirect fraud this year

16th May 2019

Almost €4.5m stolen in invoice redirect fraud this year Almost €4.5m has been stolen in invoice redirect frauds since the start of the year, according to gardaí. More than €2m has been stolen in the last month alone, they sad. Under the fraud criminals send emails to businesses purporting to be one of their legitimate […]

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Trade war escalation puts Europe’s shaky economy back on alert

14th May 2019

Trade war escalation puts Europe’s shaky economy back on alert The US and China are taking another swing at global sentiment, which is bad news for Europe as the economy starts to find its feet after a torrid year. In a week that was supposed to bring progress in trade talks, President Donald Trump boosted […]

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Construction activity growth quickens in April despite Brexit concerns

14th May 2019

Construction activity growth quickens in April despite Brexit concerns Construction activity rose sharply last month with April marking the 68th consecutive month of stronger construction activity in Ireland. The Ulster Bank Construction Purchasing Managers’ Index – which tracks changes in total construction activity – rose to 56.6 in April up from 55.9 in March. Ulster […]

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Revenue collected 26% more corporation tax last year

13th May 2019

Revenue collected 26% more corporation tax last year The amount of corporation tax collected by the state last year increased by 26% to €10.4 billion, according to the Revenue Commissioners’ annual report. The increase was driven by higher payments from manufacturing companies and increased payments from big multinational companies. The report also shows that the […]

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UK economy expands on Brexit stockpiling

13th May 2019

UK economy expands on Brexit stockpiling The UK economy grew by 0.5% in the first quarter, boosted by companies stockpiling ahead of Brexit, official data showed today. British gross domestic product expansion outpaced the 0.2% seen in the final three months of 2018, the Office for National Statistics said in a statement. The ONS added […]

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Annual inflation hits seven-year high of 1.7% in April – CSO

13th May 2019

Annual inflation hits seven-year high of 1.7% in April – CSO Inflation hit a seven-year high of 1.7% in the year to April, new figures from the Central Statistices Office figures show. Today’s CSO figures are a sign of significant consumer price growth in the country after four years as European Union’s best performing economy. […]

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Annual inflation hits seven-year high of 1.7% in April – CSO

13th May 2019

Annual inflation hits seven-year high of 1.7% in April – CSO Inflation hit a seven-year high of 1.7% in the year to April, new figures from the Central Statistices Office figures show. Today’s CSO figures are a sign of significant consumer price growth in the country after four years as European Union’s best performing economy. […]

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Irish savers still earn the lowest return on their deposits across the Euro zone

10th May 2019

Irish savers still earn the lowest return on their deposits across the Euro zone Saver with €10,000 earns average of just €3 in Ireland – compared with €122 in the Netherlands It’s not getting any better for Irish savers. In fact, it could be getting worse. New figures show that Irish savers continue to earn […]

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European shares tumble amid trade tensions

10th May 2019

European shares tumble amid trade tensions European shares dropped broadly on Thursday as investors shunned risky assets while waiting to see whether United States and China manage to avoid a trade war which would damage the global economy. The pan-European STOXX 600 index had dropped 0.7pc by 0720 GMT, touching a fresh four-week low. US […]

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Irish and Spanish bond sales could underline move away from ‘periphery’

10th May 2019

Irish and Spanish bond sales could underline move away from ‘periphery’ Irish and Spanish borrowing costs were close to record lows today ahead of planned bond sales that could well cement their move away from the “periphery”. This is a phrase used to describe the lower-rated and more volatile euro zone bond markets. Even though […]

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