Business News

NAMA seeking €125m for 80% stake in docklands development

30th July 2019

NAMA seeking €125m for 80% stake in docklands development NAMA is seeking bids of over €125 million for an 80% stake in the Poolbeg West Development in Dublin’s docklands. The asset management agency will retain an interest of a fifth in the development on 37 acres of land commonly referred to as the old Irish […]

Read More

Grocery sales slow down slightly in early summer

30th July 2019

Grocery sales slow down slightly in early summer Grocery sales have slowed down slightly in the 12 weeks to 14 July compared to the same period last year, according to the latest Kantar figures. Overall sales are up 2.7%, compared with a 3.1% increase last year, which was thanks to a bumper summer featuring soaring […]

Read More

Euro zone lending continues to grow but money supply slows

26th July 2019

Euro zone lending continues to grow but money supply slows Euro zone lending continued to grow at a steady pace in June while a money supply indicator, which often foreshadows future activity, lost pace, data from the European Central Bank showed today. Household lending expanded by 3.3%, keeping a steady growth pace for the fifth […]

Read More

NAMA wind-down date extended from 2021 to 2025

26th July 2019

NAMA wind-down date extended from 2021 to 2025 The Minister for Finance had recommended that NAMA should continue to manage its loan book beyond the agency’s expected 2021 wind-down date so as to deliver the best financial return for the taxpayer. The Department of Finance’s second review of the National Asset Management Agency – as […]

Read More

Mortgage drawdowns up by 8.8% in second quarter

26th July 2019

Mortgage drawdowns up by 8.8% in second quarter A total of 10,157 new mortgages to the value of €2.25 billion were drawn down by borrowers in the second quarter of the year. This is according to the latest figures from Banking & Payments Federation Ireland. The figures marked an increase of 8.8% in volume terms […]

Read More

Planning permission granted for Wicklow data centre

23rd July 2019

Planning permission granted for Wicklow data centre An Bord Pleanála has granted planning permission to Echelon Data Centres as the company moves forward with plans to build a 100MW, 484,000 sq ft facility at the Avoca River Business Park in Arklow, Co. Wicklow. Wicklow County Council originally granted planning permission in February 2019, a decision […]

Read More

European debt rally pauses at start of a big week for bond markets

23rd July 2019

European debt rally pauses at start of a big week for bond markets Core European government bond yields steadied on Monday after posting their biggest weekly drop in seven weeks as investors consolidated positions before a central bank policy meeting this week where policymakers might unveil plans of more rate cuts. Though hopes have grown […]

Read More

NAMA’s profit dropped 30.5% in first quarter as amount of cash generated fell

23rd July 2019

NAMA’s profit dropped 30.5% in first quarter as amount of cash generated fell The National Asset Management Agency made a profit of €41m in the three months to the end of March, according to its first quarter results. That is down €18m (30.5%) on the same period of 2018 and comes as the amount of […]

Read More

How to Manage your Time when working from Home

19th July 2019

Flexible working arrangements can help us achieve a better work-life balance, but it can come at a cost. Moira Dunne gives five tips to help you stay productive while working from home. Many people are working from home these days. As employers offer flexibility, employees have started working from home to avoid their daily commute…

Read More

Tough Brexit talk fuels sharp drop in sterling

18th July 2019

Tough Brexit talk fuels sharp drop in sterling Sterling fell sharply yesterday as both candidates to become UK prime minister talked up their willingness to execute a hard Brexit during Conservative Party leadership debates. On the eve of the Brexit referendum, it cost 76.5 pence to buy one euro. Now, with a hard Brexit fast […]

Read More