Business News

Davy upgrades GDP growth forecast for 2020 to 5.5%

14th January 2020

Stockbrokers Davy have revised upwards their GDP growth forecast for 2020 to 5.5% from 4.1% previously. Davy said the upgrade came on the back of strong foreign direct investment, expansion in the multinational sector and an exceptional export performance. The new forecasts puts Davy well above official projections including the Central Bank’s estimate of 4.3% […]

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Mortgage holders benefit from – and need – advice, says ESRI

13th January 2020

The Economic and Social Research Institute has found that mortgage holders can get a better deal when they read independent advice.  However, the think tank also found some serious misunderstandings about how mortgages work.  The ESRI and the Competition and Consumer Protection Commission brought together a sample of 110 people with mortgages and gave them […]

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Proposed laws aim to create new online safety regulator

13th January 2020

Internet and social media services could in future be blocked for not complying with online safety rules, if draft new legislation published by the Government today comes into force. Under the proposed new laws, internet companies will be legally obliged to comply with new online safety codes. If the legislation is passed by the Oireachtas, […]

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Numbers signing on Live Register fall again in December – CSO

13th January 2020

The number of people signing on the Live Register is at the lowest level since January 2008, new figures from the Central Statistics Office show.  The CSO said the Live Register total recorded a monthly decrease of 1,100 in December, which brought the seasonally adjusted total to 185,300.  In unadjusted terms, a total of 181,996 […]

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Monthly retail sales sink by 3.3% in November – CSO

10th January 2020

New figures from the Central Statistics Office show that annual growth in retail sales volumes slowed to 1.4% in November from growth of almost 4% in the previous two months.  Retail sales volumes were 3.3% lower in November than October, today’s figures showed, with sales of medical and cosmetic goods and food, beverages and tobacco […]

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NTMA to hold one bond auction in Q1 after early syndicated sale

10th January 2020

The National Treasury Management Agency said it will hold one bond auction in the first quarter of the year on March 12. The NTMA covered around a third of its funding target for 2020 with a syndicated sale yesterday. It kicked off its funding drive by raising €4 billion via a new 15-year bond sale […]

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Numbers signing on Live Register fall again in December – CSO

10th January 2020

The number of people signing on the Live Register is at the lowest level since January 2008, new figures from the Central Statistics Office show.  The CSO said the Live Register total recorded a monthly decrease of 1,100 in December, which brought the seasonally adjusted total to 185,300.  In unadjusted terms, a total of 181,996 […]

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Businesses warned to deal with cashflow implications of Brexit

8th January 2020

Businesses are being advised to put a number of preparatory steps in place to deal with the financial and cashflow implications of Brexit. Britain is scheduled to leave the EU at the end of this month when an eleven month transition period begins. The Banking and Payments Federation has produced a useful checklist of essential […]

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NTMA opens syndicated sale of 15-year bond

8th January 2020

The National Treasury Management Agency has today started the syndicated sale of a new 2035 bond that a market source said could raise around €3 billion.  The NTMA has kicked off its funding drive with a syndicated sale every year since 2013. It could cover around a quarter of its funding needs for this year […]

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Unemployment rate unchanged at 4.8% in December – CSO

8th January 2020

The unemployment rate remained unchanged at 4.8% in December to stay at the lowest level in almost 13 years, new figures from the Central Statistics Office show.  The jobless figure has been steady at 4.8% for three months in a row. Today’s CSO figures show that the seasonally adjusted number of people who were unemployed […]

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