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BREXIT: Britain votes to leave EU in historic divorce

Britain has voted to leave the European Union, the BBC said based on voter tallies from Thursday’s referendum, an outcome that would set the country on an uncertain path and deal the largest setback to European efforts to forge greater unity since World War Two. World financial markets dived as counting from 304 of 382 […]

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Irish share prices hammered as vote sends Iseq into 12pc slump

Many of Ireland’s largest companies have seen their share price rocked this morning following the UK’s decision to leave the European Union. The Iseq has suffered a 12.73pc fall so far this morning with shares in Permanent TSB, Bank of Ireland, Paddy Power Betfair, and CRH amongst the worst hit. Shares in PTSB are down […]

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UK retailer John Lewis to enter Irish market with Arnotts deal

UK retailer John Lewis is to enter the Irish market after securing an exclusive deal with Arnotts that will see the company occupy a section of the Henry Street store. The UK department store will take up around 2,000 sq ft of retail space in the Arnotts store, according to the Irish Times. As part […]

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Looking for a mortgage? EBS third lender to offer cash back

A third lender is to offer a cash incentive to home buyers in a bid to get them to take a mortgage out with it. EBS, which is part of AIB, is offering 2pc of the value of the mortgage drawn down when buyers take out a home loan with it. Bank of Ireland was […]

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Apple to face Irish led probe in privacy sweep

The Irish Data Protection Commissioner, Helen Dixon, is to “scope” a privacy audit of Apple in relation to a “very specific risk” that Apple device users are said to face. “We’ve identified a very specific risk,” said Ms Dixon. “This is something substantive that we want to look into. It’s a type of area for […]

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Dublin second most expensive city in Eurozone for expats

Dublin is the second most expensive city for Eurozone for foreign workers to live in, according to a new study. Rises in rents have seen the capital rise 20 places in the last three years in the global study, released by consultants Mercer. Paris is the only Eurozone city ranked higher. “As the economy has […]

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The price of Brexit: Noonan warns of €3bn loss to Ireland

A Brexit could cost the Irish economy between €2.5bn and just over €3bn over the next two years, potentially wiping out the room for tax cuts and extra spending. Finance Minister Michael Noonan has attempted to play down the risk to the future budgets here, saying the reduction in growth would be “containable”. However, working […]

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Providence Resources to resume trading after €65m deal

Providence Resources will be able to push ahead with development of its Druid off-shore oil prospect without seeking a new backer, using proceeds of a new capital raise. The Irish oil and gas company announced last night that it is set to raise $73.4m (€65m) through a sale of shares to new and existing investors. […]

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Irish among the biggest gainers as markets bet on UK to stay

Irish companies with big business interests were among the big gainers yesterday as markets soared on renewed speculation Britain will vote to remain in the European Union this Thursday. Global markets experienced a so-called relief rally, lifting currency markets and European shares, and sending so-called safe haven assets lower. Opinion polls over the weekend appear […]

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Government will have about €1bn for extra spending and cuts in Budget – Summer Economic Statement

The Government will have around €1bn for extra spending and tax cuts for October’s Budget. This is according to the Department of Finance’s published updated forecasts this afternoon, known as the Summer Economic Statement. The amount of spending leeway for the next five years is estimated at €11.3bn. This is the amount that remains after […]

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