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Dublin: 7°C Tuesday 9 March 2021

Business - Today’s News

Significant decline in buy-to-lets as Covid-19 continues to impact housing market
# Mortgages
# Mortgages

Significant decline in buy-to-lets as Covid-19 continues to impact housing market

2 hours ago 6,823 Views 7 Comments

Buy-to-let investors now account for less than 1% of mortgages, compared to 20% in 2006, according to new figures.

Business - Thursday 4 March, 2021

Taoiseach: Government will 'move away' from Covid-19 business supports 'when virus is under control'
# Shuttered
# Shuttered

Taoiseach: Government will 'move away' from Covid-19 business supports 'when virus is under control'

Thu 1:05 PM 26,588 Views 40 Comments

A range of different government supports are currently in place as large portions of the economy remain closed or restricted.

Coveney had 'blunt' conversation with UK government over move to extend NI Protocol grace period
# Exports
# Exports

Coveney had 'blunt' conversation with UK government over move to extend NI Protocol grace period

Updated Thu 12:45 PM 34,359 Views 78 Comments
  • The EU is now considering legal options.
  • Coveney says the move was "disrespectful" and has damaged UK-EU relationships.

Business - Wednesday 3 March, 2021

Permanent TSB reports a pre-tax loss of €166 million in 2020 as Covid hits new lending
# The Banks
# The Banks

Permanent TSB reports a pre-tax loss of €166 million in 2020 as Covid hits new lending

Mar 3rd 2021, 8:31 AM 10,260 Views 18 Comments

The 75% State-owned bank took a loan impairment charge of €155 million.

Business - Tuesday 2 March, 2021

'A landmark deal': AIB agrees to buy stockbrokers Goodbody for €138 million
# The Banks
# The Banks

'A landmark deal': AIB agrees to buy stockbrokers Goodbody for €138 million

Mar 2nd 2021, 3:35 PM 30,181 Views 24 Comments

The bank says the move will diversify its revenue streams and address gaps in its customer offerings.

SPONSORED
Paschal Donohoe calls on stockbrokers Davy to make a public statement after €4.1 million Central Bank fine
# Davy Stockbrokers
# Davy Stockbrokers

Paschal Donohoe calls on stockbrokers Davy to make a public statement after €4.1 million Central Bank fine

Mar 2nd 2021, 3:08 PM 32,316 Views 0 Comments

It’s understood the fine relates to a transaction involving Anglo Irish Bank bonds and a Maple 10 developer.

Business - Monday 1 March, 2021

'Ripping commercial heart from Provincial Ireland': Political opprobrium descends on BOI closures
# Shuttered
# Shuttered

'Ripping commercial heart from Provincial Ireland': Political opprobrium descends on BOI closures

Mar 1st 2021, 12:26 PM 22,961 Views 47 Comments

Unions have also asked the bank to halt the decision.

Here's the full list of 103 Bank of Ireland branches set to shut across the island
# The Banks
# The Banks

Here's the full list of 103 Bank of Ireland branches set to shut across the island

Updated Mar 1st 2021, 10:55 AM 219,979 Views 127 Comments

Business - Friday 26 February, 2021

Morning Memo: Why are borrowing costs rising for eurozone governments?
# Morning Memo
# Morning Memo

Morning Memo: Why are borrowing costs rising for eurozone governments?

Feb 26th 2021, 11:32 AM 7,068 Views 10 Comments

The ECB says it’s closely monitoring what’s going on in government debt markets.

Business - Thursday 25 February, 2021

'The aristocracy of radio': What will Bauer's purchase of Communicorp mean for Irish airwaves and listeners?
# Making Waves
# Making Waves

'The aristocracy of radio': What will Bauer's purchase of Communicorp mean for Irish airwaves and listeners?

Feb 25th 2021, 6:30 PM 16,005 Views 0 Comments

Bauer’s Irish move could be a ‘shot in the arm’ for the radio industry here.

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Business - Friday 19 February, 2021

Ulster Bank exit is 'not good news for Ireland', says Taoiseach
# The Banks
# The Banks

Ulster Bank exit is 'not good news for Ireland', says Taoiseach

Feb 19th 2021, 4:11 PM 18,647 Views 44 Comments

The Government’s priority is to protect the 2,800 workers affected by the decision, Micheál Martin said.

'No need to panic': How will the Ulster Bank wind down affect customers?
# Banking
# Banking

'No need to panic': How will the Ulster Bank wind down affect customers?

Feb 19th 2021, 10:49 AM 20,487 Views 15 Comments

The bank will be wound down gradually over the next few years.

Ulster says go: Bank's decision to exit was in the wind — but why is it happening now?
# Ulster Bank
# Ulster Bank

Ulster says go: Bank's decision to exit was in the wind — but why is it happening now?

Feb 19th 2021, 8:50 AM 32,821 Views 31 Comments

Ulster Bank’s long goodbye creates major headaches for policymakers.

Business - Thursday 18 February, 2021

Leo Varadkar: 'Aer Lingus will not be allowed to fail'
# National Airline
# National Airline

Leo Varadkar: 'Aer Lingus will not be allowed to fail'

Feb 18th 2021, 6:46 PM 41,295 Views 83 Comments

The Tánaiste said that discussions are ongoing for further financial support if required.

Government to explore creating a 'third force' in Irish banking if Ulster Bank exits Irish market, says Varadkar
# The Banks
# The Banks

Government to explore creating a 'third force' in Irish banking if Ulster Bank exits Irish market, says Varadkar

Updated Feb 18th 2021, 12:53 PM 75,405 Views 89 Comments

A formal announcement is expected on Ulster Bank’s operations in the Republic of Ireland tomorrow.

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Business - Wednesday 17 February, 2021

Ryanair loses legal bid to block government bailouts of rival European airlines
# EU State Aid
# EU State Aid

Ryanair loses legal bid to block government bailouts of rival European airlines

Feb 17th 2021, 10:56 AM 13,149 Views 26 Comments

Ryanair says it will appeal the decision to the highest EU court.

Business - Tuesday 16 February, 2021

Finance Minister 'looking at ways' to keep money saved by people during pandemic in this country
# Rainy Day
# Rainy Day

Finance Minister 'looking at ways' to keep money saved by people during pandemic in this country

Feb 16th 2021, 6:01 PM 45,350 Views 62 Comments

Paschal Donohoe also stressed the vaccine roll-out as ‘biggest driver’ of Ireland’s economy this year and next.

Business - Monday 15 February, 2021

Historian brings collection of long-lost Irish whiskey recipes back to life
# Boann Distillery
# Boann Distillery

Historian brings collection of long-lost Irish whiskey recipes back to life

Feb 15th 2021, 11:01 AM 25,147 Views 8 Comments

The recipes were unearthed and brought back to life by leading whiskey historian Fionnan O’Connor, at the Boann Distillery in Co Meath.

Business - Saturday 13 February, 2021

Hoteliers suggest guest limit for weddings based on size of venue
# Big Day
# Big Day

Hoteliers suggest guest limit for weddings based on size of venue

Feb 13th 2021, 6:45 AM 44,705 Views 23 Comments

The Irish Hotels Federation said this could allow social distancing to take place.

Business - Thursday 11 February, 2021

'You're not a stupid man': Leo Varadkar and Pearse Doherty clash over Covid-19 insurance

'You're not a stupid man': Leo Varadkar and Pearse Doherty clash over Covid-19 insurance

Feb 11th 2021, 1:35 PM 79,842 Views 89 Comments

Tensions were running high during Leaders’ Questions.

Business - Wednesday 10 February, 2021

Public trust, regulation and killer robots: Why 2021 is going to be an important year for the AI debate
# Business Futures
# Business Futures

Public trust, regulation and killer robots: Why 2021 is going to be an important year for the AI debate

Feb 10th 2021, 6:00 PM 10,952 Views 12 Comments

Public trust in the technology is on a knife-edge, experts believe.

Business - Monday 8 February, 2021

New weekly payment of €203 introduced for 65-year-olds after rise of pension age
# Social Welfare
# Social Welfare

New weekly payment of €203 introduced for 65-year-olds after rise of pension age

Feb 8th 2021, 7:27 AM 148,992 Views 53 Comments

A person in receipt of this payment will not be required to be available for full-time work.

Business - Saturday 6 February, 2021

Higher premiums and Central Bank probes: Landmark case by pubs against FBD could have far-reaching implications
# Pubs Vs FBD
# Pubs Vs FBD

Higher premiums and Central Bank probes: Landmark case by pubs against FBD could have far-reaching implications

Feb 6th 2021, 7:00 AM 25,720 Views 30 Comments

It’s too early to say but experts believe the costs could eventually be passed onto consumers.

Business - Friday 5 February, 2021

'Vindicated': Pub owners react after landmark court ruling orders FBD Insurance to pay out over Covid losses
# High Court
# High Court

'Vindicated': Pub owners react after landmark court ruling orders FBD Insurance to pay out over Covid losses

Updated Feb 5th 2021, 1:37 PM 88,347 Views 108 Comments

The outcome of the case affects claims made by some 1,000 Irish pubs and restaurants against insurers.

Business - Wednesday 3 February, 2021

Whether it's flexible working or the four-day week, the pandemic is opening minds to new ways of doing business
# Business Futures
# Business Futures

Whether it's flexible working or the four-day week, the pandemic is opening minds to new ways of doing business

Feb 3rd 2021, 6:00 PM 14,926 Views 2 Comments

Experts believe the pandemic is forcing businesses to put theory into practice — and the results are clear.

Business - Tuesday 2 February, 2021

Council refuses planning permission for hotel on Capel Street, says there are 'too many' hotels in Dublin
# Housing
# Housing

Council refuses planning permission for hotel on Capel Street, says there are 'too many' hotels in Dublin

Feb 2nd 2021, 11:40 AM 36,020 Views 32 Comments

It is believed to be the first time council planners have cited concerns about the growing number of hotels as a reason to refuse planning permission.

Business - Monday 1 February, 2021

'To say everything is refunded is not true': Travel agents and Ryanair customers take aim at O'Leary over remarks
# Turbulent Times
# Turbulent Times

'To say everything is refunded is not true': Travel agents and Ryanair customers take aim at O'Leary over remarks

Feb 1st 2021, 3:53 PM 44,576 Views 56 Comments

The Commission for Aviation Regulation says that 80% of complaints relating to airline refunds have been resolved.

Tourism firms can apply for grants of up to €200,000 under new scheme
# Pandemic
# Pandemic

Tourism firms can apply for grants of up to €200,000 under new scheme

Updated Feb 1st 2021, 10:55 AM 23,222 Views 8 Comments

Applications for the TBCS will open on 11 February.

Huawei to create 110 jobs in Ireland over next two years
# Huawei
# Huawei

Huawei to create 110 jobs in Ireland over next two years

Feb 1st 2021, 7:30 AM 16,199 Views 26 Comments

The Chinese multinational said it plans to invest €80 million in Irish research and development.

Ryanair loses €306 million in the last three months of 2020 as Covid hits Christmas traffic
# Air Travel Disruption
# Air Travel Disruption

Ryanair loses €306 million in the last three months of 2020 as Covid hits Christmas traffic

Feb 1st 2021, 7:22 AM 15,004 Views 44 Comments

The no-frills airline said it’s facing “the most challenging year in Ryanair’s 35-year history”.

Business - Thursday 28 January, 2021

'The French Revolution of finance': Why Reddit users and Wall Street are doing battle over GameStop
# Wall Street Shuffle
# Wall Street Shuffle

'The French Revolution of finance': Why Reddit users and Wall Street are doing battle over GameStop

Jan 28th 2021, 2:23 PM 51,908 Views 92 Comments

Major Wall Street hedge funds have lost billions in recent days.

Business - Wednesday 27 January, 2021

Disrupting 'the cosy club': Are gender quotas the solution to achieving diversity in Irish boardrooms?
# Business Futures
# Business Futures

Disrupting 'the cosy club': Are gender quotas the solution to achieving diversity in Irish boardrooms?

Jan 27th 2021, 6:00 PM 13,578 Views 76 Comments

The Irish Human Rights and Equality Commission has called on the Government to introduce statutory gender quotas.

Business - Monday 25 January, 2021

How is Ireland's top business school delivering its MBA programme in the middle of a pandemic?
# MBA Scholarship
# MBA Scholarship

How is Ireland's top business school delivering its MBA programme in the middle of a pandemic?

Jan 25th 2021, 3:48 PM 15,894 Views 10 Comments

The UCD Smurfit Graduate School of Business had had to adapt to new realities.

Boohoo buys UK Debenhams brand for €62 million, saving name but not jobs
# Fashion Buyout
# Fashion Buyout

Boohoo buys UK Debenhams brand for €62 million, saving name but not jobs

Jan 25th 2021, 8:49 AM 41,719 Views 21 Comments

Debenhams in Ireland operated under a sperate company and closed all of its stores last year.

Business - Sunday 24 January, 2021

Poll: Would you use the payments app being planned by Irish banks?
# Your Say
# Your Say

Poll: Would you use the payments app being planned by Irish banks?

Jan 24th 2021, 10:23 AM 52,642 Views 106 Comments

The app, Synch Payments, hit a roadblock last week.

Business - Friday 22 January, 2021

Vaccine roll-out lifts economic prospects but recent virus surge has impeded progress, says Central Bank
# Central Bank
# Central Bank

Vaccine roll-out lifts economic prospects but recent virus surge has impeded progress, says Central Bank

Jan 22nd 2021, 12:10 AM 11,962 Views 18 Comments

Irish GDP grew by 2.5% in spite of the pandemic, according to the updated data.

Business - Wednesday 20 January, 2021

Greenwashing, green finance and emissions: Is Irish business doing its part in the fight against climate change?
# Business Futures
# Business Futures

Greenwashing, green finance and emissions: Is Irish business doing its part in the fight against climate change?

Jan 20th 2021, 1:00 PM 5,901 Views 4 Comments

Some companies have been more proactive than others but the pandemic may have slowed progress.

Business - Friday 15 January, 2021

Other countries have tried it, so what does the 'right to disconnect' actually mean?
# Work Life Balance
# Work Life Balance

Other countries have tried it, so what does the 'right to disconnect' actually mean?

Jan 15th 2021, 11:42 AM 25,754 Views 24 Comments

A public consultation is currently underway in this country.

Business - Thursday 14 January, 2021

Biden administration could 'heighten' US engagement on global tax reform, says Paschal Donohoe
# Corporation Tax
# Corporation Tax

Biden administration could 'heighten' US engagement on global tax reform, says Paschal Donohoe

Jan 14th 2021, 2:34 PM 13,631 Views 16 Comments

Donohoe was speaking at the launch of an update to Ireland’s corporation tax roadmap.

Business - Monday 11 January, 2021

Pro-Trump social media app Parler was a breeding ground for extremism - so why has it only been taken offline now?
# Explainer
# Explainer

Pro-Trump social media app Parler was a breeding ground for extremism - so why has it only been taken offline now?

Jan 11th 2021, 3:47 PM 17,583 Views 58 Comments

At the height of its powers, Parler had 10 million users.

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