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Hibernia ‘optimistic’ on Dublin market following Brexit vote

Property firm Hibernia REIT has said it is too early to predict the impact Britain’s departure from the European Union will have on Dublin’s real estate market. This morning Hibernia announced it had leased the remaining 30,000 sq ft of One Dockland Central to Comreg at an average rent of €50 per sq ft. However, […]

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Dundrum owner Hammerson says UK property market facing uncertainty after Brexit vote

Shopping centre landlord Hammerson said the impact of Britain’s decision to leave the European Union on property valuations was still unknown, but the lettings and investment markets were facing a period of uncertainty. The company, which partly owns the Brent Cross Shopping Centre in London, said its external valuers had said that the probability of […]

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Public wants referendum on TTIP – poll

The vast majority of Irish people want a referendum on the proposed US-EU free trade deal if it looks like it could become law, a survey suggests. They also want a similar poll on Europe’s planned trade agreement with Canada, according to the survey carried out by Red C. The survey was commissioned by lobby […]

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Banks taking centre stage after Brexit

Central banks from Washington to Tokyo take centre stage next week, although policymakers are likely to remain cautious as they wait for the dust to settle from Britain’s shock vote to leave the European Union. As they wait for political reassurances and greater clarity over the likely impact of the move, central banks have mostly […]

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Irish business confidence slumped in run-up to UK vote

Business confidence across the island dropped “dramatically” in the first half of the year, as firms awaited the outcome of the UK referendum, a survey shows. The latest Global Economic Conditions Survey for the second quarter, from the Association of Chartered Certified Accountants, shows a dip in confidence across the OECD linked to the Brexit […]

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Enterprise Ireland on post-Brexit trade blitz

Enterprise Ireland has beefed up the number of international trade missions for the remainder of its year in the wake of Brexit, with 26 ministerial-led trips set to take place. The full programme of events – 68 in total – includes ministerial-led trade missions, inward buyer visits, market study visits, international trade fairs, embassy events […]

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UK economy shrinking at fastest rate since financial crisis post Brexit vote, services PMI shows

Britain’s economy appears to be shrinking at the fastest rate since the financial crisis in the wake of last month’s Brexit vote, according to a business activity index that posted the biggest drop in its 20-year history. An early edition of Markit’s purchasing managers’ indices showed the services sector – one of the few drivers […]

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Central Bank for sale with €60m price tag

The Central Bank is to put its headquarters on Dame Street and two other premises on Dublin’s College Green on the market in the coming months, with sources estimating they could fetch upwards of €60m. The bank expects to be able to start moving into its new purpose-built office accommodation on North Wall Quay by […]

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Irish debt investors looking beyond GDP after distorted figures – NTMA

Ireland’s distorted gross domestic product (GDP) figures has made them less useful to potential investors into Irish debt, the National Treasury Management Agency (NTMA) has said. Figures released from the Central Statistics Office last week pointed to an enormous 26pc increase in Ireland’s GDP. Ireland’s growth was distorted by tax inversion deals by pharmaceutical companies […]

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Ireland needs domestic investment in wake of Brexit

The National Competitiveness Council (NCC) has called for policies to be introduced that will ensure long-term fiscal sustainability in its annual report published on Thursday. The NCC says that the Irish economy faces a number of external threats, and that the Government need to implement measures that can buffer the domestic economy against potential external […]

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