Business News

We are on road to ruin unless we increase infrastructure investment without delay

6th April 2017

Ireland is going to change dramatically over the next 10 to 15 years and we are not preparing for it properly. I am not talking about Brexit or the future of the single currency. Neither am I talking about the impact Donald Trump’s US presidency might have on corporations and how they are taxed. The […]

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Standard Life considering Ireland as possible EU base

6th April 2017

Standard Life is considering increasing the size of its Dublin operation as a result of Brexit. The company is considering Dublin as one of a number of possible destinations for the its EU base after Brexit negotiations are concluded, according to a report in The Irish Times. That would require the company-which currently employs around […]

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Citadel moves to expand in prime Dublin location

6th April 2017

The largest equity trader in the United States, Citadel Securities, is to grow its Dublin operation over the next two years. The company will move into an 18,500 square foot office space at 1 Grand Canal Dock which it will rent for an annual €1.1m, according to The Irish Times. Citadel said it will ramp […]

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Advisers to snap up €10.5m in Bank of Ireland fees

5th April 2017

Advisers to Bank of Ireland’s corporate overhaul – a largely technical move – stand to make close to €10.5m in fees. The figure was disclosed in a prospectus, filed yesterday, detailing a reorganisation of the lender that will result in a drastic reduction in the number of shares on issue and create a new holding […]

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Ireland faces scrutiny from Trump’s US over $36bn surplus

5th April 2017

Ireland’s economic model is set to come under unprecedented scrutiny after the Trump administration launched an investigation into its trade relations with “partners” around the world. New data shows that Ireland currently has the most favourable trade with the US of any country in Europe bar Germany. It should be good news, showing we export […]

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Fears for Irish exporters as UK construction slows

5th April 2017

A slowdown in the growth of UK construction activity has added to fears that the country’s economy may be starting to cool. March saw only a marginal rise in new work across the British construction sector, with a weak rise in home building in particular. Any fall-off in activity in the sector is bad news […]

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State may take lower price to get top investors to buy into AIB

4th April 2017

The Government is considering roping in a handful of blue-chip investors to anchor AIB’s shareholder base when it sells €3bn of shares in the bank this summer. But any move to restrict smaller hedge funds and opportunist investors from piling into the deal could mean a lower price for the State when it sells the […]

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Claim that Gleeson ‘took cash from tills’

4th April 2017

ACCOUNTANT Patrick Burke has strongly disputed claims by publican Frank Gleeson related to a dispute over the merger of the Mercantile/Capital chains of well-known Dublin pubs, hotels and restaurants. Mr Burke was responding after Mr Gleeson claimed that he had behaved unethically and unprofessionally. In reply, Mr Burke said Mr Gleeson made the claim because […]

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Development bias to hurt economy – CIF

4th April 2017

Low levels of infrastructure development in regional areas will “fundamentally undermine” Ireland’s economic performance in the next decade, the Construction Industry Federation (CIF) has claimed. CIF president Dominic Doheny said a lack of strategic planning and the impact of demographic trends has resulted in Dublin becoming the focal point for economic growth in Ireland. The […]

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High tax rates ‘killing job creation here and stunting our growth’

3rd April 2017

High personal tax rates are holding back the establishment and growth of businesses and stunting job creation, a major report warns today. Ireland needs to slash personal tax rates to create jobs and secure a Brexit dividend as the UK leaves the EU, according to leading entrepreneurs. Nearly three-quarters said the overall cost of doing […]

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