Business News

Credit ratings agency Moody’s has upgraded the long-term bank deposit and debt ratings of Bank Of Ireland and AIB. As part of the same action, Moody’s upgraded the baseline credit assessments (BCAs) of AIB and BOI. The news comes one week after the Government announced that it is to float a quarter of its share […]

The Brexit vote has dealt short-term damage to the UK’s offering as a foreign direct investment location, a report claims, with the country experiencing a 42pc fall in greenfield capital investment year-on-year. The number of projects dropped by 9pc, as did job creation, according to the data from the ‘Financial Times’ FDI Intelligence unit. The […]

One-in-three houses put on the market almost three months ago has failed to sell. A snapshot of almost 200 properties across 15 counties ranging from two-bed apartments to €1m-plus homes shows that 30pc, or 58, remain on the market despite the housing shortage. Experts said that in many cases, houses were overpriced leading them to […]

Technology firm Popertee has walked away with first prize in the Wayra UK pitch contest at the TechConnect Live showcase at the RDS. Six finalists had been selected to participate in the live Dragons’ Den-style pitch – all with the ambition to see their business selected to access technology incubator Wayra and Telefónica’s vast network […]

This week saw a number of Irish businesses announce deals and partnerships in Canada, one of the world’s most successful and stable economies. It was the result of a three-day trade mission, led by Minister of State Seán Canney, aimed at promoting the potential of the new Comprehensive Economic and Trade Agreement (CETA), recently agreed […]

Anne Fanthom is managing director of RecruitmentPlus – a specialist recruitment company which she founded in 1999. Headquartered in Stillorgan, Co Dublin, and with offices in Dundalk and Limerick, the company employs 16 staff and has an annual turnover of more than €4.5m. “We offer a broad range of recruitment services in a number of […]

A hard Brexit could result in a 20pc drop in the level of UK trade to Ireland, lead to 40,000 job losses and reduce Irish GDP by up to 4pc within a decade, according to the British Irish Chamber of Commerce (BICC). The stark warning was issued at a special Brexit forum hosted by the […]

Topaz has announced that it will be dropping fuel prices in 14 locations over the bank holiday weekend to 99c per litre for 99 minutes. The fuel offers are to celebrate the rollout of Miles, Topaz’s new fuel additive and fuel brand, across its 430 service stations in Ireland. The rollout of Miles is set to […]

The pace of growth in the Irish manufacturing sector rose to a near two-year high last month thanks to rising new orders and improving economic conditions. New business rose at a faster pace, and while new export orders slowed, the rate of growth still remained substantial, according to the latest Purchasing Managers Index for the […]

he largest pension provider in the State is closing its staff pension scheme, prompting fears that traditional defined benefit plans are now set to disappear from the private sector. Unions at Irish Life want the law altered urgently in a bid to stop the company closing its defined benefit pension for staff. Some 1,200 staff […]