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Updated: 2 hours 54 min ago

Medium-sized firms more upbeat than small firms - Azets

Fri, 02/16/2024 - 05:00
Business leaders are relatively upbeat about their economic prospects for the year ahead, according to the inaugural Azets Barometer.

Starwood buys 50% of Echelon Data Centres for €850m

Thu, 02/15/2024 - 23:22
Private investment firm, Starwood Capital, is to buy a 50% stake in Echelon Data Centres for €850m.

Ex-Astronomy Ireland worker stripped of finance duties

Thu, 02/15/2024 - 17:48
A former employee of Astronomy Ireland says she was stripped of any work regarding financial matters because she "started to ask questions about the legality of some of the ongoings" at the organisation.

Developer loses out in income tax battle with Revenue

Thu, 02/15/2024 - 17:41
A developer has lost his €288,897 income tax battle with Revenue that centred around the treatment of a $11.2m loss in a US business venture.

Explainer: The battle for control of I-RES REIT

Thu, 02/15/2024 - 16:50
For the second time in less than a year, the directors of Ireland's largest private landlord are under intense pressure.

People Power: The massive growth of crowd-funding

Thu, 02/15/2024 - 15:27
From charity drives to tech start-ups, crowd-funding has become a major source of finance for many, but campaigns don't always go smoothly, writes Adam Maguire.

Employer ordered to repay €2.24m in Covid wage supports

Thu, 02/15/2024 - 15:18
An employer has been ordered to repay €2.24m in Covid-19 wage supports to the Revenue Commissioners.

US retail sales fall in January, jobless claims decline

Thu, 02/15/2024 - 14:24
US retail sales fell more than expected in January, pulled down by declines in receipts at car dealerships and fuel service stations.

Fears for job losses at Cork's Blizzard Entertainment

Thu, 02/15/2024 - 13:12
Tánaiste Micheál Martin has said that the Government will support employees at gaming firm Blizzard Entertainment in Cork who are being made redundant.

SpaceX moves incorporation to Texas from Delaware - Musk

Thu, 02/15/2024 - 13:01
Rocket company SpaceX has moved its state of incorporation to Texas from Delaware, CEO Elon Musk said in a post on X, formerly Twitter.

RTÉ's capacity 'very significantly reduced,' Dáil told

Thu, 02/15/2024 - 12:59
Tánaiste Micheál Martin has told the Dáil that "RTÉ's capacity is very significantly reduced," adding that the national broadcaster's coverage of global events is "not what it should be".

Both exports and imports decreased in 2023 - CSO

Thu, 02/15/2024 - 12:14
The first estimates for 2023 from the Central Statistics Office show that exports were valued at €197 billion last year, a decrease of 6%, or €11 billion, when compared with 2022.

Air fryers and gin added to CSO basket of goods

Thu, 02/15/2024 - 11:53
Air fryers, gin and disposable vapes are among the items that have been added by the Central Statistics Office to the basket of goods and services that determine the annual rate of inflation.

Inflation slows to 4.1% in January from 4.6% in December

Thu, 02/15/2024 - 11:21
The annual rate of inflation fell to 4.1% in the 12 months to January from 4.6% in December, new figures from the Central Statistics Office show today.

Mortgage holders with non-bank lenders pay higher rates

Thu, 02/15/2024 - 11:00
The average Interest rate charged on new mortgages in Ireland was 1.5% higher in December than in the same month a year earlier, according to the latest data from the Central Bank.

Commission cuts Irish growth forecasts to 1.2% from 3%

Thu, 02/15/2024 - 10:44
The European Commission has today revised down its expectations for the performance of the Irish economy in its Winter 2024 Economic Forecast, which was published today.

Stellantis operating profit down 10% in H2 due to strikes

Thu, 02/15/2024 - 10:08
Stellantis has today warned of a turbulent year ahead after its operating profit fell 10% in the second half of 2023 when strikes caused long stoppages at its operations in North America, its profit powerhouse.

O'Keeffe exit package should be reassessed - Tánaiste

Thu, 02/15/2024 - 09:23
Tánaiste Micheál Martin has said the exit package given to former RTÉ Chief Financial Officer Breda O'Keeffe should be reassessed.

Inflation going in right direction - ECB's Lagarde

Thu, 02/15/2024 - 09:22
Euro zone economic data indicates that inflation is heading back towards target as earlier predicted but the European Central Bank still needs more information before it can be sure, ECB President Christine Lagarde said today.

Airbus plans special dividend, takes new space charge

Thu, 02/15/2024 - 09:12
Europe's Airbus has today unveiled a special dividend after posting higher 2023 results, buoyed by resurgent demand for jetliners and despite a fresh charge of €200m at its troubled Space business.

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