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With schools and tradesmen looking to exit, it’s the end of the cheque era

It’s around this time of year that the back-to-school costs surveys start to pile up, drawing attention once again to the ever-rising costs of putting a child through a primary or secondary school system that is supposed to be ‘free’. […]

Weak euro helps manufacturing sector bounces back from 16 month low

Irish manufacturing sector growth rebounded from a 16-month low in July as the weak euro boosted exports, a new survey has shown. The Investec Manufacturing Purchasing Managers’ Index rose to 56.7 in July from 54.6 in June. But it remained […]

UK government starts privatisation of Ulster Bank parent company RBS

Britain has sold a £2.1bn (€3bn) stake in Royal Bank of Scotland to kick off the disposal of its holding seven years after bailing out the bank. Finance Minister George Osborne hailed the sale this morning as “an important first […]

GDP returns to its pre-crash level but slowing of house prices expected to continue

House-price growth of 9pc in Ireland this year is set to be the fastest in Europe, but will slow sharply in 2016 and 2017, including because from the effect of strict new lending rules, according to Standard & Poors. The […]

SMEs get €45m from Strategic Bank

The Strategic Banking Corporation of Ireland (SBCI) has revealed that €44.7m worth of loans has  een drawn down by small and medium businesses since mid-March. The SBCI, which was set up last year to provide low-cost loans to small businesses, […]

Bank of Ireland profits more than double to €743m

Underlying profits at Bank of Ireland more than doubled in the six months to the end of June to €743m according to new results from the bank. This was an improvement of €416m compared to the €327m underlying profit recorded […]

Laya Healthcare announces price hikes

Over half of Laya Healthcare policies are set to increase by an average of 4% from September, the health insurer has announced. Earlier this year, the company said that it had no plans to increase its premiums, however it has […]

Ireland sees sharpest industrial output fall in Europe

Ireland’s first annual decline in industrial production, recorded in May, was the sharpest fall in industrial production recorded in any European country in that month, according to new data. The figures from the European Union’s statistics agency, Eurostat, show that […]

Mortgage cases cast shadow on PTSB return to profit

Permanent TSB yesterday reported an underlying profit of €1m for the first half of 2015. However, the bailed-out bank’s first profit since 2007 was overshadowed by confirmation that at least 22 of its customers had lost their homes as a […]

Stripe worth $5bn: Collison brothers company gets new round of funding

Stripe, the online payments company founded by Limerick brothers Patrick and John Collison, has raised fresh funding that values the startup at €4.6bn ($5bn). Chief executive Patrick Collison told The New York Times that the five-year-old firm has taken new […]

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