Business News

FTSE 100 rebounds as housebuilders gain, new virus cases drop

19th February 2020

London’s FTSE 100 rebounded in tandem with global markets on Wednesday as housebuilders advanced after HSBC upgraded its view on the stocks ahead of a first batch of results next week, while the number of new coronavirus cases in China fell. The FTSE 100 added 0.7pc, with Berkeley, Barratt, Taylor Wimpey and Persimmon rising between […]

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Number of employed people rose by 3.5% last year – CSO

19th February 2020

The number of people in employment rose by 3.5% in the year to December, according to the latest figures in the Labour Force Survey from the Central Statistics Office. The Labour Force Survey is the official source of data for employment and unemployment in Ireland. A total of 2,361,200 people were in employment at the […]

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Consumer spending set to hit €111bn in 2020

19th February 2020

Consumer spending in Ireland is forecast to top €111 billion this year, as the consumer economy emerges from a so-called ‘lost decade’. The latest Consumer Market Monitor from the Marketing Institute and the UCD Smurfit Graduate Business School says consumer demand has remained resilient in recent years despite the threat of Brexit. It forecasts a […]

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Irish economy set to grow by 3.4% in 2020, according to EY forecast

18th February 2020

Accountancy firm EY has revised upwards its economic forecast for this year. EY’s latest Economic Eye report said it expects to see GDP growth of 3.4% for 2020. That is expected to moderate to 2.8% in 2021 and 2.7% in 2022. Professor Neil Gibson, Chief Economist for EY Ireland, said they revised the forecast following […]

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EU adds Seychelles, Cayman Islands, Panama to tax haven blacklist

18th February 2020

European Union finance ministers added Panama, the Seychelles, the Cayman Islands and Palau to the EU’s blacklist of tax havens. But Turkey got more time to avoid listing despite shortfalls, an EU document showed today.  The list, which was set up in 2017 after revelations of widespread tax evasion and avoidance schemes, now includes 12 […]

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Number of employed people rose by 3.5% last year – CSO

18th February 2020

The number of people in employment rose by 3.5% in the year to December, according to the latest figures in the Labour Force Survey from the Central Statistics Office. The Labour Force Survey is the official source of data for employment and unemployment in Ireland. A total of 2,361,200 people were in employment at the […]

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Sterling maintains gains amid expectations government will spend more

17th February 2020

Sterling was slightly weaker today, though it maintained some gains above $1.30, after having its best week in two months as investors priced in looser financial conditions under Britain’s new finance minister.  Rishi Sunak was appointed on Thursday when incumbent Sajid Javid unexpectedly quit as Prime Minister Boris Johnson reshuffled his cabinet.  Boris Johnson wants […]

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Irish economy set to grow by 3.4% in 2020, according to EY forecast

17th February 2020

Accountancy firm EY has revised upwards its economic forecast for this year. EY’s latest Economic Eye report said it expects to see GDP growth of 3.4% for 2020. That is expected to moderate to 2.8% in 2021 and 2.7% in 2022. Professor Neil Gibson, Chief Economist for EY Ireland, said they revised the forecast following […]

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Moody’s leaves Ireland’s credit-rating unchanged

17th February 2020

Ratings agency Moody’s has reaffirmed Ireland’s credit-rating, but has highlighted a range of possible risks to the health of the Irish economy. The organisation said it was keeping the Government of Ireland’s long-term issuer rating at A2. The ratings on the country’s senior unsecured bond, progamme and commercial paper ratings have also been left unchanged. […]

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Oil prices rise 1% and remain on course for weekly gain

14th February 2020

Oil prices rose today and were on track for their first weekly gain since early January as investors bet the economic impact of the coronavirus would be short-lived and hoped for further Chinese central bank stimulus to tackle any slowdown.  Brent crude was up 57 cents or 1% at $56.91 a barrel this morning It […]

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