Business News

The controversial ‘Help-To-Buy’ scheme is helping drive the property market to heights not seen since the boom years. Asking prices for newly listed homes in Dublin have risen by €32,000 in the past six months – with house price inflation on course for double-digit growth in 2017. Nationally, prices also rose significantly – by €24,000 […]

The UK is the slowest-growing advanced economy on earth, official statistics confirmed on Friday. GDP grew at just 0.2pc in the first three months of the year; down from 0.7pc in the previous quarter, and confirming previous estimates, the UK Office for National Statistics reported. This means that the UK economy, which had held up […]

Retailing will change more in the next 10 years than in the past 40, according to new research from Accenture, led by digitalisation. The digital wave, could bring a cumulative $2.95 trillion (€2.5 trillion) in value to the retail industry as quickly as 2025, according to the research. And Ireland will not be immune to […]

Retailing will change more in the next 10 years than in the past 40, according to new research from Accenture, led by digitalisation. The digital wave, could bring a cumulative $2.95 trillion (€2.5 trillion) in value to the retail industry as quickly as 2025, according to the research. And Ireland will not be immune to […]

HBAN, the all-island group responsible for the promotion of business angel investment in Ireland, has won the best Business Angel Week award at the European Business Angel Awards. Angle investment provides capital for business start-ups, often in exchange for a share of ownership in the company. HBAN, which is a joint initiative of InterTradeIreland and […]

The Irish government has secured deals with more than a dozen London-based financial houses and banks which will see the firms move some of their business to Ireland, according to a report in the Guardian. The head of Ireland’s Industrial Development Authority (IDA), Kieran Donoghue, told the publication that each of the companies in question […]

The number of people approved for a mortgage surged by a third last month, driven largely by first-time buyers. And potential buyers are getting approved for higher amounts of borrowings, according to the figures from the Banking and Payments Federation. The figures imply property prices will keep rising, economists said. A total of 4,124 want-to-be […]

Minister Paschal Donohoe has warned of possible “capacity constraints” in the labour market if the unemployment numbers continue to drop at the expected rate. While the Government doesn’t expect a situation to arise where there won’t be enough workers to fill available jobs, Mr Donohoe said the scenario is something ministers would have to “reflect […]

Property owners could be offered local authority loans to bring vacant homes back into use and help tackle the housing crisis. It is understood the Government is considering implementing a local authority loan scheme to help encourage owners to sell or rent vacant properties after it emerged that up to 80,000 empty units may be […]

The European Commission has fined Google €2.42bn for abusing its dominant market position by giving illegal advantage in search results to its own comparison shopping service. The fine is the biggest ever handed down by European competition authorities for so-called ant-trust or market abuse. It is the latest in a string of findings that have […]