News

Dublin Port to speed up investment as growth exceeds all expectations

18th October 2018

An expected 3.3pc annual growth rate at Dublin Port established just six months ago by the facility to determine its infrastructure requirements for the next two decades is already being exceeded. The chief executive of Dublin Port Company, Eamonn O’Reilly, said the current pace of growth means the semi-state firm now needs to speed up […]

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Half of female bosses can’t get funding, finds new report

18th October 2018

More than half of companies led by women have no external funding at all, compared with 30pc of male-led businesses – and three times as many female business leaders regard access to capital as their biggest challenge. The results are from EY’s Global Growth Barometer, based on a survey of 2,766 senior business leaders. In […]

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Rising interest rates are expected to cool the market for wind farms

15th October 2018

Wind farm prices may have peaked, one of Ireland’s most experienced corporate financiers has warned, despite strong overseas demand for a range of Irish assets. IBI chief executive Tom Godfrey said wind farm assets were probably “as expensive as they’re going to be” now that the low interest rate environment had begun to change. Rising […]

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Budget picks

15th October 2018

Budget 2019 didn’t put much money back into our pockets. Much of the focus of Finance Minister Pascal Donohue last Tuesday was on housing and health – with little left in the pot for anyone else. Many of us will only be better off to the tune of about €5 or €6 a week next […]

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Irish food supplier Greencore to sell entire US business for €927m

15th October 2018

Irish food-to-go supplier Greencore has reached an agreement to sell its entire US business to Hearthside Food Solutions for £817m (€927m). Greencore said it will hand a large part of the proceeds to shareholders via a special dividend of £509m, or 72 pence per ordinary share. The group said that the deal will also “support […]

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Brexit the big cloud in bank’s forecasts for jobs and growth

12th October 2018

THE Central Bank has laid out a rosy economic forecast, with continued growth and tens of thousands more people in work over the next three years. However, it warned that a hard Brexit would damage the country – and even a soft Brexit would slow growth substantially for an economy that is more exposed to […]

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Iseq hits two-year low as market volatility returns

12th October 2018

THE Iseq index of Irish shares slumped to its lowest level since November 2016, mirroring moves in European shares as investors moved to shed risk. The market was gripped by turbulence for a second consecutive day, with sharp falls at heavily weighted stocks almost pushing the index through the 6,000 level. Cement giant CRH – […]

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150,000 self-employed workers get big gains

10th October 2018

THE self-employed have emerged as major gainers from the measures announced. Those who work for themselves will be able to earn more before paying tax, will get a new entitlement to Jobseeker’s Benefit if they lose their jobs, and have escaped any increase in social insurance contributions. The changes are set to benefit some 150,000 […]

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150,000 self-employed workers get big gains

10th October 2018

THE self-employed have emerged as major gainers from the measures announced. Those who work for themselves will be able to earn more before paying tax, will get a new entitlement to Jobseeker’s Benefit if they lose their jobs, and have escaped any increase in social insurance contributions. The changes are set to benefit some 150,000 […]

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Multinationals hit with surprise tax on assets exiting State

10th October 2018

Multinational companies (MNCs) moving assets offshore to another tax jurisdiction now face an exit tax of 12.5pc as a result of Budget 2019. The new measure, which took effect from midnight last night, will tax unrealised capital gains where companies migrate residence or transfer assets offshore. The “big surprise” from the Budget follows sweeping changes […]

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