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Brexit: Threat to Irish 12.5pc corporation tax as UK bids to slash rate

The UK is set to dramatically slash corporation tax rates to woo businesses deterred by Brexit, placing it in direct competition with Ireland for vital foreign direct investment.

International survey ranks Ireland in Top 10

Ireland has moved into the top 10 ranking in a global reputation study.

Fidelity to move 100 jobs from London to Dublin

Fund manager Fidelity plans to move around 100 jobs from Britain to Dublin as a part of its long-term strategy, a spokesperson said in an email to Reuters.

IMF warns of Brexit global hit as Irish growth expected to ease

Cantor Fitzgerald has lowered Ireland’s growth forecasts for the coming years on the back of the Brexit vote, as the International Monetary Fund warned the uncertainty the result created is the biggest risk to the global economy.

Funds snapped up Bank of Ireland stakes in Friday crash

AKO Capital, a $9.5bn London-based hedge fund, has taken a 3pc stake in Bank of Ireland, securing its holding in the company last Friday as equities slumped on the back of the Brexit vote.

Clothing retailer Esprit says Brexit may hit consumer sentiment

Esprit Holdings said Britain’s vote to leave the European Union could affect consumer sentiment in its key markets in Europe, as global businesses and political leaders grapple with the fall-out of last week’s “Brexit”.

Tullow’s TEN Project to deliver oil in “next three to six weeks”

Irish oil explorer Tullow Oil is expecting the TEN Project to deliver oil within the next three to six weeks – its first delivery oil since the company started the project three years ago.

‘Initial Brexit shock for Ireland has been contained’ – Noonan

The initial shock from the UK’s Brexit vote has been contained for Ireland, Finance Minister Michael Noonan has said.

Irish stock market in freefall as UK bank stocks plunge

Trading in UK bank stocks was briefly halted this morning as stock markets continued to plunge on the back of the Brexit vote.

Ireland’s corporation tax will remain low – it’s not an issue, says IDA chief

Ireland’s corporation tax will remain low and is a ‘non-issue’ despite fears that the European Union may move to increase the rate, the IDA chief executive Martin Shanahan has said.

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