News

Ziggurat spends €400m buying up student accommodation sites in Dublin, Galway and Cork

Average rents of €200 to €250 per week per room at Montrose Ziggurat, the UK-based developer of student accommodation behind the conversion of the former Montrose Hotel into student accommodation, has acquired a number of key sites in Dublin’s north city centre as part of its plans to build up to 4,000 new student units […]

Continue Reading

European stock markets seen opening higher

European stock markets were seen opening higher on Monday, according to pre-market calls from financial bookmakers, tracking gains on Asian and US equity markets. Britain’s FTSE 100 was seen opening up by 30-34 points, or 0.5pc higher. Germany’s DAX was seen up by 91-98 points, or 0.9-1.0pc higher, while France’s CAC . was seen up […]

Continue Reading

Construction expansion rate speeded up in June – index

The pace of construction sector expansion quickened last month, new figures indicate. Faster rates of activity, new orders and employment were all recorded in June, according to the Ulster Bank’s Purchasing Managers’ Index (PMI). The benchmarked index provides a snapshot of economic performance. It recorded the fastest increase in constriction activity for three months. Simon […]

Continue Reading

‘We are copying Ireland’ – UK’s tax cut to boost FDI

Cutting the UK’s corporation tax rate to 15pc would boost foreign investment there by almost 11pc and reverse any declines suffered as a result of Brexit, a think tank has said. Chancellor George Osborne has unveiled plans to aggressively cut the country’s corporate tax to less than 15pc to woo businesses deterred by Brexit. That […]

Continue Reading

US Revenue demands answers on Facebook’s Irish assets

US officials have gone to court demanding answers from Facebook about the tax due when the social media giant moved key assets to Ireland. It is claimed that the value of assets transferred by Facebook to its Irish subsidiary in 2010 may have been “understated by billions of dollars” by the social media giant’s accountancy […]

Continue Reading

Brexit: Could one of these cities replace London as Europe’s financial centre?

It has been argued that the separation of the UK from the European Union, when Government triggers Article 50, could jeopardise London’s position as the financial centre of Europe. But how likely is it that other European cities could take on its mantle? Uncertainty about the future of the country’s access to the EU market […]

Continue Reading

Glan Agua to create 60 new jobs after opening new Irish HQ

Water and waste solutions firm Glan Agua and civil engineering company MEIC have both opened new offices in Loughrea, Galway, as they look to add 60 new jobs over the next five years. Both firms are owned by construction group Mota Engil, which is expanding its Irish operations and creating a UK and Ireland headquarters […]

Continue Reading

European shares gain after three-day losing streak

European shares rose on Thursday after a three-day losing streak, buoyed by gains in major consumer goods stocks such as Danone and Associated British Foods. The pan-European STOXX 600 index, which had fallen in the last three sessions, rose 1.5 percent while the FTSEurofirst 300 index advanced 1.4 percent. Danone surged 7 percent as investors […]

Continue Reading

Irish economy to take hit post-Brexit, UK may enter recession – NTMA

Ireland is likely to suffer an economic hit from Brexit, the National Treasury Management Agency (NTMA) has warned. In a presentation aimed at investors in the bond markets, who lend to the State, the agency that manages the country’s debt said Irish banks can expect to suffer because of their operations in Britain. Read more: […]

Continue Reading

JP Morgan on Brexit: ‘Worst case scenario we move a few thousand out of London’

JPMorgan Chase and Co has warned that it may have to move a few thousand of its London-based staff to other eurozone offices as a result of Brexit. In an interview with Italian newspaper Il Sole-24 Ore, the bank’s boss Jamie Dimon said he is still unsure what is going to happen but maintains the […]

Continue Reading