Business News

Digital tax kept alive by France and Germany

6th December 2018

Europe’s efforts to tax large tech companies were kept on life-support yesterday as France and Germany proposed a final-hour compromise that scales back the broad plan initially envisioned by Paris. Ireland, along with other countries including Sweden, opposes the tax plan and even the watered down proposals will face resistance. The updated proposal is to […]

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Mortgage approvals jump by 11pc as values also increase

6th December 2018

Mortgage approvals jumped in October, both in terms of volume and value. Across all types of borrowers, banks approved a total of 4,262 mortgages in October, up 11.4pc month-on-month. This is a 13.6pc increase in approvals year-on-year, figures from the Banking and Payments Federation Ireland show. First-time buyers accounted for the lion’s share of activity, […]

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Drive down wage costs, renegotiate supplier prices to boost profits

5th December 2018

Q. Could you give me a few words of wisdom on improving the profitability of a manufacturing business? A. Sales are vanity, profit is sanity. It is good to see that you are focused on the bottom line. In most manufacturing businesses wages tends to be the biggest cost. It is not so much about […]

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Tax windfall won’t boost spending – Paschal Donohoe

5th December 2018

Bumper corporation tax receipts pushed the overall tax–take in November to €631m ahead of target. Department of Finance show that taxation receipts for the month of November were €938m higher than in the same month last year, boosted by very strong corporation tax receipts.  November is the month when must businesses pay their tax, making […]

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You’d be crazy not to tap into open-source software and communities

4th December 2018

Last week in this diary I discussed our remote-working strategy. By adopting a company culture of remote and flexible work, we gain access to much larger pool of global talent. The trade-off is that you have to work harder to ensure team cohesion. Making this work is not just about fancy tools like Slack, it’s […]

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Should I accept pension transfer value?

3rd December 2018

Query: I left my former employer two years ago after working there for almost 20 years. I have an entitlement to a pension from that company’s defined benefit (DB) pension scheme. I have received a letter from my former employer, offering me an ‘enhanced transfer value’. Should I transfer my benefit entitlement out of that […]

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Mortgage approvals jump by 11pc as values also increase

3rd December 2018

Mortgage approvals jumped in October, both in terms of volume and value. Across all types of borrowers, banks approved a total of 4,262 mortgages in October, up 11.4pc month-on-month. This is a 13.6pc increase in approvals year-on-year, figures from the Banking and Payments Federation Ireland show. First-time buyers accounted for the lion’s share of activity, […]

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‘If you’re going to leave, leave, but don’t do this halfway house’ – Tony Blair on second Brexit referendum

30th November 2018

Former UK prime minister Tony Blair said any second Brexit referendum should be a choice between remain and a hard Brexit. Speaking on ITV’s Good Morning Britain on Monday, the former Labour leader said a second people’s vote was the only way to settle the deadlock in Parliament. Mr Blair, who is in favour of […]

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Hundreds of regional jobs to be created as €30m allocated to ‘food hubs’

30th November 2018

A selection of ‘food zones’ are the big winners from the allocation of €30m in new funding for regional employers. Business Minister Heather Humphreys will today reveal the recipients of the Regional Enterprise Development Fund. It provides money to enterprises involved in food, pharma, design, marine, engineering, bio economy and disruptive technologies. Among those getting […]

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Italian stocks lead Europe in recovery driven by banks, technology

23rd November 2018

European shares climbed modestly at the end of a volatile week, with banks and technology stocks, which have been hit hard by growth worries, leading the way, while Italian stocks rallied as bond yields fell. The pan-European STOXX 600 managed a 0.2pc gain by 0830 GMT, while Italy’s FTSE MIB outperformed with a 0.8pc rise. […]

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