Business News
Average weekly earnings were €740 in 2018, an increase of 3.4% on the previous year, according to new statistics released by the Central Statistics Office. However, those on higher than average salaries can skew the numbers and the CSO pointed out that 63% of workers earn less than the average while 37% earn above the […]
The UK economy grew at the slowest annual rate in nearly a decade in the three months to the end of September, as a global slowdown and Brexit worries hit business investment and manufacturing. Year-on-year gross domestic product growth slowed to 1% from 1.3% in the second quarter, Britain’s Office for National Statistics said. This […]
New rules to improve transparency on motor insurance pricing are coming into force. From today, the Central Bank rules will force insurance companies to provide more detail to customers when they are being sent motor insurance renewals. When a consumer receives their motor insurance renewal, their insurance company is obliged to inform them what the […]
Sterling slips from 5-month high on Brexit delay jitters Sterling fell over half a percent against the dollar this morning, slipping from five-month highs after the British parliament delayed a crucial vote on a Brexit withdrawal agreement. The move derailed Prime Minister Boris Johnson’s plan for a decision on his withdrawal deal. But the pound […]
Banks to take steps to support bereaved customers The five main banks in Ireland are to set up dedicated phone lines to help bereaved customers, in an effort to improve the care of those who have lost loved ones. Access will also be given by the financial institutions to any available funds of the deceased […]
Ireland sees 12% increase in brand value – survey Ireland has recorded a 12% increase in brand value over the past year to bring its total to $604 billion. This is according to the latest report by Brand Finance, which ranks the 100 most valuable and strongest nation brands every year. Brand Finance said that […]
Fear of ‘difficult’ tenants driving landlords out of market – RTB The chairman designate of the Residential Tenancies Board has said the fear of difficult tenants is one of the reasons why “accidental” landlords are getting out of the market. Speaking to the Oireachtas Housing Committee, Tom Dunne said some landlords are “vulnerable” and he […]
Economy to slip into recession after no-deal Brexit – Central Bank The Central Bank has delivered its first detailed forecast for what the economy might look like under a disorderly, no-deal Brexit. The bank believes the worst impact will be felt in the early part of next year. It expects disruption to trade at ports […]
Consumer sentiment falls to 6 year low on Brexit fears Consumer sentiment here fell to a six-year low last month, the third month in a row in which it has fallen. According to the KBC Bank Ireland Consumer Sentiment Index, Brexit uncertainty continues to drive people’s confidence in the economy and their personal finances lower. […]
Euro zone inflation slows in September on cheaper energy Euro zone inflation slowed further year-on-year in September because of cheaper energy, new figures showed today. But the core measure excluding such volatile components rose, the first estimate from the European Union’s statistics office Eurostat showed. The numbers underline the difference of opinion over the state […]