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Business

Last year
2022
City centre businesses vote to retain DublinTown organisation for another five years
Out of 2,500 eligible businesses, just over 1,200 took part in the plebiscite on the future of the scheme.
12.2k
14
Apr 20th 2022, 3:12 PM
The Twittering classes: Elon Musk's $43 billion bid and Twitter's 'poison pill'
Twitter co-founder and board member Jack Dorsey has signalled his unhappiness with the board’s handling of the situation.
14.0k
12
Apr 19th 2022, 11:33 AM
Boston Scientific to pump €100 million into Galway facility, adding 300 jobs
Opened in 2019, the facility is the firm’s second in Galway City where it has had a presence since 1994.
12.2k
9
Apr 14th 2022, 8:13 AM
Ulster Bank gives current and deposit account customers six months' notice to switch providers
Separately, KBC Bank announced yesterday that from June, customers will get 90 days’ notice to move their accounts.
28.6k
11
Apr 13th 2022, 1:39 PM
Raise social welfare rates to shield struggling households from spiralling inflation, experts say
A report by
Ian Curran
The Government is set to unveil a new cost of living package this week.
Current social welfare rates were set last year when inflation was expected to peak at 4.5% annually.
But with prices on the march, household earnings are now expected to fall in real terms in 2022 for the first time since 2013.
Economists say raising core social welfare raise on a temporary basis could be the best way of protecting low-income households.
52.6k
58
Apr 11th 2022, 12:05 AM
Cost of living anxieties mount as inflation accelerates to 6.7% in March
It represents the largest annual change in prices since November 2000.
8.9k
21
Apr 7th 2022, 11:43 AM
Brittany Ferries to operate 'huge' tourist-oriented vessel on Rosslare to Bilbao route
Unveiled in February 2020, originally as a freight route, the link from Wexford to the Basque city has proved popular.
37.2k
23
Apr 7th 2022, 11:04 AM
Tax receipts climbed in the first three months of 2022 but figures are 'flattered' by Covid
Tax revenues were up over 30% compared with the same period last year when strict public health measures were in place.
8.0k
9
Apr 6th 2022, 2:50 PM
'Real' incomes to fall for first time since 2013 with inflation outpacing wage growth
The war is expected to “weigh” on trade and overall growth while fueling “strong” energy price inflation, the Central Bank said,
24.6k
35
Apr 6th 2022, 12:10 AM
Irish food giant Kerry Group to suspend operations in Russia and Belarus
The company, which employs 250 people in Russia and Belarus, said it is “horrified” by the humanitarian crisis in Ukraine.
22.4k
21
Apr 4th 2022, 3:02 PM
Irish grocery prices have increased at their fastest pace this year in nearly a decade
To “mitigate supply chain pressure”, supermarkets are running fewer promotions, Kantar said.
16.6k
35
Apr 4th 2022, 1:31 PM
Banks 'ill-prepared for the biggest logistical challenge in Irish banking since the euro'
A report by
Ian Curran
Concerns have been raised that the exits of Ulster Bank and KBC Bank could be “the perfect storm” for the remaining banks.
Concerns have been raised that the exits of Ulster Bank and KBC Bank could be "the perfect storm" for the remaining banks.
Over one million customers will have to choose a new provider and switch over their current accounts.
But the Financial Services Union believes significant customer service issues are likely to arise, Ian Curran reports.
Is your bank exiting the market? Take action soon, experts say. Here's what you need to know
73.7k
32
Apr 4th 2022, 12:05 AM
Explainer: Why is Vladimir Putin demanding that Europe pays for Russian gas in roubles?
Germany has warned its citizens that gas rationing could be implemented if Russian flows are interrupted.
32.9k
10
Apr 1st 2022, 6:18 PM
Electric Ireland to raise electricity and gas prices by over 20% from start of May
Electric Ireland is the latest energy provider to announce a price hike.
41.9k
77
Mar 30th 2022, 12:58 PM
Land Development Agency lodges plans for close to 1,000 homes on Central Mental Hospital site
The project consists of 940 apartments, 17 duplexes and 20 houses.
18.1k
14
Mar 30th 2022, 11:31 AM
Ulster Bank to write to customers, giving them six months to close current and deposit accounts
It’s part of the NatWest-owned bank’s phased withdrawal from the market in the Republic of Ireland, announced in February 2021.
35.4k
27
Mar 28th 2022, 3:23 PM
Ireland's inflation shock explained: The factors driving up prices here and across the globe
A report by
Ian Curran
“What we have at present is pretty much all being driven by international factors.”
"What we have at present is pretty much all being driven by international factors," one economist said.
Issues around energy, food and fertiliser supplies have all reared their heads as a consequence of the war in Ukraine.
Consumer sentiment has dipped amid rising prices, raising some concern about Ireland's economic prospects this year.
Energia: Average electricity and gas bills to increase by 15% from next month
Disposable incomes to fall for the first time since 2012 amid rampant inflation, economists say
49.8k
32
Mar 27th 2022, 12:05 AM
Irish arm of large US financial firm fined €10.78 million over 'serious systemic' breaches
BNY Mellon Fund Services also provided “inaccurate and misleading information” to the Central Bank.
28.9k
7
Updated
Mar 24th 2022, 2:48 PM
Petrol prices: Consumer watchdog receives almost 200 complaints in two weeks
The CCPC has urged anyone with information about cartel behaviour and collusion to come forward as a whistleblower.
19.8k
18
Updated
Mar 23rd 2022, 3:23 PM
Disposable incomes to fall for the first time since 2012 amid rampant inflation, economists say
The combined impact of higher prices and greater uncertainty in global trade from the war in Ukraine is likely to weaken Irish growth this year.
37.0k
56
Updated
Mar 23rd 2022, 10:00 AM
P&O Ferries staff refuse to leave ships after company makes 800 workers redundant
In a statement, the company said that in its current state, “P&O Ferries is not a viable business.”
66.6k
51
Updated
Mar 17th 2022, 3:50 PM
Lower-income customers face 'real difficulty' from rising energy bills, says regulator
The chair of the Commission for the Regulation of Utilities said it is exploring every option.
16.5k
36
Mar 16th 2022, 11:34 AM
Ban on insurance 'price walking' from July but new customer discounts still allowed
The regulations were the result of a review by the Central Bank of the use of differential pricing.
33.4k
32
Mar 15th 2022, 12:01 PM
Fuel price crisis: Industry denies profiteering as hauliers set to receive €100-a-week grant
Micheál Martin said there was concern across Europe at high fuel prices, as Paschal Donohoe said he backed Martin’s comments.
37.6k
60
Updated
Mar 11th 2022, 5:30 PM
Taoiseach says fuel price gouging 'morally reprehensible' as watchdog receives 25 more complaints
It comes after allegations of price gouging by service station chains were aired in Dáil Éireann yesterday.
94.7k
132
Updated
Mar 10th 2022, 6:25 PM
Billionaire Russian owner of Co Limerick aluminium plant named on UK sanctions list
Auginish Alumina employs 450 people in the Askeaton area of Co Limerick.
78.9k
22
Mar 10th 2022, 12:21 PM
Cost-of-living crisis: Consumer prices up by 5.6%, the largest increase in 21 years
The last time the CPI was this was was in April 2001.
10.3k
7
Mar 10th 2022, 11:53 AM
'Panic buying will only make the situation worse,' say Ireland's oil and fuel suppliers
Oil suppliers are limiting the amount they are selling to high volume customers.
16.6k
27
Mar 8th 2022, 2:58 PM
Nervous times for Irish households and businesses as supply anxieties roll through markets
Market ructions, gas rationing and 1970s-style inflation fears hit the headlines.
16.1k
5
Mar 8th 2022, 12:01 PM
The price of wheat is soaring and the world is already feeling it
Poorer countries are feeling it the most.
35.6k
25
Mar 7th 2022, 1:13 PM
The €200 electricity rebate should be applied 'next month' as President Higgins signs law
The government is also providing advice to customers who hardship prepay meters.
19.4k
33
Mar 7th 2022, 8:49 AM
Tougher rules for online card payments could affect customer subscriptions going through
Higher security standards will come into effect for certain card payments from tomorrow.
41.6k
11
Mar 7th 2022, 6:37 AM
Ireland 'engaging' with EU on proposal to ban Russian ships from docking at European ports
Russian trade is facing severe disruption as a consequence of sanctions announced this week.
15.8k
19
Mar 4th 2022, 5:17 PM
Explainer: How reliant is Ireland on Russian energy - and why are gas and oil prices rising?
“When it comes to a global energy shortage, the implications are far more devastating in developing countries,” one economist said.
65.7k
40
Mar 3rd 2022, 1:52 PM
AIB returns to profit as discussions underway to buy back some State shares
The bank will pay out €213 million to shareholders, including the State.
10.2k
11
Mar 3rd 2022, 12:41 PM
Three Irish-registered firms linked to Russian banks or people who've been sanctioned, says Taoiseach
Micheál Martin was speaking in response to a question from Catherine Murphy TD.
37.5k
10
Mar 1st 2022, 4:24 PM
Morning Memo: Western sanctions heap pressure on Russian banks
Russia’s currency has depreciated rapidly in the past few days of trade.
16.4k
5
Mar 1st 2022, 10:56 AM
Bank of Ireland reports a pre-tax profit of €1.4 billion for 2021
Bank of Ireland CEO Francesca McDonagh said it delivered its “strongest performance since the global financial crisis”.
18.0k
51
Feb 28th 2022, 11:04 AM
SWIFT exclusion the most 'disruptive sanction' against Russia
Swift is a discreet but important cog in the machinery of international finance.
36.4k
23
Feb 27th 2022, 12:21 PM
Facebook whistleblower tells TDs that harm from metaverse 'could be worse'
Facebook employee-turned-whistleblower Frances Haugen has made a number of blistering claims about the social network.
22.5k
14
Feb 23rd 2022, 4:42 PM
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