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Business News

Exports surge by 15pc as business sentiment defies gloom

The value of Irish goods exports was up 15pc in February, compared with the same month last year. Read more

People who put off starting pension during recession to lose out heavily

People who held back on starting a pension because of the economic downturn could be big losers when it comes to retirement, new research has found. Read more

Retail body appoints BWG’s O’Byrne as chairman

BWG Foods managing director Willie O’Byrne has been named as the new chairman of Retail Ireland, the Ibec group that represents the sector. Read more

Hopes of interest rates war as Ulster Bank makes it cheaper to get a loan

Ulster Bank is to reduce its fixed rates for new and existing customers and make it easier for them to qualify for the new interest rates. Read more

Irish M&A tumbles as US gets tough on controversial deals

The value of Irish M&A has plunged 86pc since the start of this year, with deals worth €4.1bn announced in the year to date compared to almost €29bn in the same period last year. Read more

Offshore banks rebuked in Central Bank warning shot

The Central Bank has issued a rebuke to a number of international lenders operating in Ireland for failing to meet regulatory obligations – in a sign of the watchdog’s greater focus on the sector following the fallout from the financial crisis. Read more

Investors take €1.25bn of government debt in bond sale

Investors snapped up the sale of €1.25bn of government debt yesterday underscoring the robust demand for Irish bonds amid growing unease over the French presidential elections and receding hopes of any imminent change to the European Central Bank’s monetary policy. Read more

Our ‘Phoenix’ economy will be more myth than miracle if wages don’t rise with rents

You may not have noticed it but you are living through an economic miracle – apparently. The chief economist of the Central Bank, Gabriel Fagan, introduced the country to a new economic term last week called a “Phoenix Miracle” which is how he described Ireland’s rapid economic recovery since the depths of the recession. Read more

Unemployment rate ‘to fall below 6pc’ by the end of the year

The unemployment rate is due to fall below 6pc by the end of this year, according to updated Government forecasts. Read more

New rules may make switching mortgages easier

The Central Bank said it was considering imposing new rules on banks to make it easier for mortgage-holders to switch to another lender to reduce the cost of their repayments. Read more