Business News

New voucher scheme for remote working goes live

28th June 2022

A new voucher scheme that will give remote workers free access to local digital hubs has begun operating. The initiative was announced by the Government earlier this month. Under the plan, at least 10,000 ‘hot desk’ facilities are being provided free of charge to existing hub users and those availing of the facilities for the […]

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Mortgage switching activity hits record high ahead of rate hikes

28th June 2022

Mortgage switching volumes and values more than doubled in May compared to the same month last year, according to new figures from Banking and Payments Federation Ireland. Over 1,200 households switched their mortgage last month, up over 111% on the same time last year, while the value of these mortgages increased by over 129% year-on-year […]

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Some Aer Lingus flight cancellations due to air traffic control strikes, Covid

27th June 2022

Aer Lingus had to cancel 13 flights yesterday and another three today due to air traffic control strikes in France, Italy and Spain as well as an outbreak of Covid-19 among its staff. The airline has apologised for the cancellations. In a statement, Aer Lingus said it had anticipated the return of demand for travel […]

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Home prices up 3.8% in Q2 but stock levels rising – Daft.ie

27th June 2022

Average home prices rose by 3.8% in the second quarter of this year, the largest three-month gain in nearly two years, while the stock of homes increased slightly, property website Daft.ie’s latest report shows. Daft’s latest sales report for the three months from March to June also reveals that the average listed price nationwide in […]

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One third of households ‘just making ends meet’

27th June 2022

Consumer sentiment dropped in June, while the mood among businesses was mixed, according to the latest Economic Pulse report from Bank of Ireland. As cost of living pressures intensify, the survey reveals that one third of households now say they are ‘just making ends meet’, up from a quarter at the start of the year. […]

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Expleo Ireland announces 200 new jobs for Cork

24th June 2022

Expleo, a global technology, engineering and consulting service provider, has announced 200 new jobs and the opening of its first regional hub in Mahon in Co Cork. The company is investing €10m in the expansion of its workforce from 800 to 1,000 over the next two years. The majority of the 200 jobs will be […]

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AIB’s share trading plan extended up to January

24th June 2022

Minister for Finance Paschal Donohoe said today he was extending AIB Group’s share trading plan, which was first announced in December. Since then the Government’s stake in AIB has been reduced from about 71.2% to about 68%. The plan aims to gradually reduce the State’s investment in the bank, while it is also improving liquidity […]

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Asking prices for homes up almost 11%, growth rate slows – MyHome.ie

24th June 2022

Cost-of-living concerns and rising interest rates will slow the demand for houses in the second half of the year, according to the latest house price report from MyHome.ie. It reveals that a “minor” fall in house prices could be on the way as a result, but states that a ‘Celtic Tiger’ crash in unlikely. Asking […]

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Toast to create 100 jobs as it opens new Dublin office

23rd June 2022

US restaurant management platform Toast said it plans to create 100 jobs this year as it opens its new office on St Stephen’s Green in Dublin. Toast said the new jobs will be across several functions including software development, sales and customer support. Launched in 2013 in the US, Toast powers restaurants of all sizes […]

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More Irish companies sign low carbon pledge

23rd June 2022

70 of Ireland’s biggest companies have now committed to setting carbon-reduction targets based on climate science, by signing a low-carbon pledge overseen by Business in the Community Ireland (BITCI), a not for profit organisation. The number of companies signed up to the pledge has increased from 47 in 2019, when it was first launched. Companies […]

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