News | Latest Breaking News Stories & Headlines

"You have to focus on the bigger picture and learn the lessons when they go wrong and apply those lessons when developing future projects"

Focus on the bigger picture and learn lessons

A senior figure in global infrastructure has said cost overruns are inevitable in big projects like the National Children's Hospital but that it is important to press ahead and learn lessons.

Business • 31 Jan 19

Matthew Thomas, CEO of the Shannon Group, said lack of connectivity to an EU hub post-Brexit was a concern for the Western region

Passenger numbers through Shannon up 6.5% last year

The chief executive of the Shannon Group has said the decision to separate Shannon Airport out into an independent entity from the DAA has been vindicated.

Business • 30 Jan 19

The iPhone maker cut its revenue guidance in recent weeks

Apple sets the bar low ahead of full year results

Investor expectations are set quite low for Apple's full year results report tonight, after the iPhone maker cut its revenue guidance in recent weeks.

Business • 29 Jan 19

There's been a substantial hit to sentiment in recent months as consumers start focus on the potential economic impact of a no deal Brexit

Brexit blues outweigh January blues

Consumer sentiment is taking a hit from Brexit, the latest Bank of Ireland latest economic pulse shows.

Business • 28 Jan 19

Central Bank warns that the economic hit in Ireland in a no-deal scenario would be almost instant

Central Bank warns of stark impact of no-deal Brexit

The Central Bank has warned that a no-deal Brexit could severely impact the Irish economy by reducing the growth rate this year by up to 4%.

Brexit • 25 Jan 19

Gerry Hennigan, senior equity research analyst at Goodbody, delves into CPL Resources half yearly results

CPL Resources' half yearly revenues and profits rise

Recruitment and contract staffing firm CPL Resources has reported a 9% increase in revenue for the six months to the end of December.

Business • 24 Jan 19

Although job numbers continue to soar as we edge ever closer to full employment, the number of new houses and apartments to accommodate these people is growing at nothing like the same rate

More jobs are a positive but where will employees live?

In the past week we have had two of the biggest jobs announcements by numbers since the financial crisis.

Business • 23 Jan 19

In the report there are many examples, such as an oil find creating €16.25 billion in expenditure, 1,200 jobs annually and tax revenue of €8.5 billion

Potential boost of offshore oil & gas to economy

The potential benefit of offshore oil or gas finds to the economy is the theme of a new report from the Irish Offshore Operators' Association.

Business • 22 Jan 19

The events, to be hosted by Airline Economics and Airfinance Journal, get under way today and run until Thursday

Eyes of aviation finance world focus on Dublin

The eyes of the aviation finance world are on Dublin this week, as the city hosts two of the largest annual conferences in the industry.

Business • 21 Jan 19

Fáilte Ireland said around €1.75m will be spent on business development to help Irish businesses increase their sales internationally

Fáilte Ireland to spend €5m to get sector Brexit ready

Following a huge defeat for Theresa May's Brexit deal in Westminster earlier in the week, much of the focus of business here has been to ensure firms are doing as much as they can to prepare for a sudden, disorderly Brexit.

Business • 18 Jan 19

Businesses are advised to check their supply chain

Business needs to prepare for a 'crash-out Brexit'

The outcome of Brexit may be uncertain, but business cannot afford to take a 'wait-and-see' approach, according to the Irish Exporters Association.

Business • 17 Jan 19

The Global Markets team at Bank of Ireland expects currency volatility to pick up this year

'Reduced risk of no-deal reflected in steady sterling'

Currency is the first financial responder to political events, and while many predicted that Sterling would fall after the vote on the Withdrawal Agreement in the House of Commons last night, the pound gained in value.

Business • 16 Jan 19

Ruth McCarthy, CEO f Fexco Corporate Payments, said the exchange rate is the main reason people are heading to the UK to buy cars

UK used car imports reach record high in 2018

The strength of the euro against the pound saw motorists accelerate spending on UK car imports last year. 2018 saw used imports reach a record high.

Business • 16 Jan 19

Broad optimism in the construction industry for the year ahead

Construction industry forecasts growth of 20% in 2019

There will be significant growth in the construction of houses this year, as the industry forecasts 20% growth in construction overall in 2019.

Business • 14 Jan 19

Global gloom is spreading across industries, sparking job cuts and lower profit forecasts.

Signs of global economic gloom looming

The World Bank has warned of "darkening skies" for the global economy, leading it to cut its growth forecast from 3% to 2.9% for 2019.

Business • 11 Jan 19

The KBC Bank Ireland/ESRI Consumer Sentiment index stood at 96.5 in December, unchanged from November

Consumer sentiment unchanged in December - survey

Consumer sentiment was unchanged in December from November, as concerns about the economic outlook appeared to be offset by improved personal finances and end-of-year spending.

Business • 10 Jan 19

Pictured at the 2019 Cantillon Conference launch is event MC Jonathan McCrea; CEO of Fexco Corporate Payments, Ruth McCarthy and Vice President, Academic Affairs and Registrar at IT Tralee, Brendan O'Donnell

Most consumers fear data being sold without consent

A new survey from IT Tralee and financial services firm Fexco suggests that people are not generally aware of what happens with their data, but they assume it is something malign.

Business • 09 Jan 19

Lisney's Paul Hipwell tells Adam Maguire that 4 million square feet of office space could be taken up over the coming year

Lisney predicts another strong year for office space

Strong demand will lead to another solid year for the property sector this year, according to estate agents Lisney, but a lack of supply will limit activity.

Business • 09 Jan 19

Joe Tynan, head of tax at PwC Ireland, tells Adam Maguire that businesses in Ireland pay an average of 26% of their profits in tax

Irish business tax system is most efficient in Europe

Ireland has the most efficient business tax system in Europe and the fourth most efficient in the world, according to a new study by PwC and the World Bank.

Business • 07 Jan 19

The requirements are part of changes to the Central Bank's Consumer Protection Code on mortgages

Banks now required to tell mortgage holders how to save

Irish banks are now required to give mortgage customers more information about their loan in order to help them save money by moving to a better rate or switching provider.

Business • 03 Jan 19

The median asking price for new sales nationally is €266,000 down €2,000 from the last quarter while the price in Dublin remains unchanged at €375,000

House prices set to grow by 5% in 2019 - report

House prices are expected to rise by 5% this year, according to the latest report from property website MyHome.ie.

Business • 02 Jan 19

Digital payments have made the process of signing up easier than ever

How digital innovation has revolutionised subscriptions

Services like Netflix and Spotify have made a new generation of consumer more comfortable with the idea of paying a monthly fee for a product - while digital payments have made the process of signing up easier than ever.

Business • 24 Dec 18

For retail, the lead-up to Christmas is crucial, as a good month at this time of year can make up for all kinds of hardship between January and November

Retailers reflect on a changing business environment