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News

Fast-track Brexit: Theresa May sets out blueprint

Theresa May’s new Government has indicated it is prepared to spend in order to stabilise the economy, as it set out a blueprint for post-Brexit Britain.

Increase in Bank of Ireland pension deficit could delay first dividend payout

The hit to Bank of Ireland’s pension scheme from Brexit will dent the bank’s capital, making a dividend pay-out to shareholders less likely, an analyst has warned.

ISEQ index of Irish shares suffers Q2 Brexit uncertainty hit

The ISEQ Overall index of Irish shares fell by 10.6pc in the second quarter of this year and is down 16.9pc overall for the year to date.

BREXIT: Bank of England to hold interest rates, but expect cut in August

Members of the Bank’s Monetary Policy Committee voted 8-1 to hold rates, but minutes of the meeting showed most expect action to be taken next month.

Interest cost on Ireland debt fell below €7bn last year – NTMA

The interest cost on Ireland’s debt fell below €7bn last year, the National Treasury Management Agency (NTMA) has said

Theresa May to appoint Brexit minister after taking reins from Cameron

Theresa May will make appointing a cabinet minister to take charge of Brexit one of her first tasks as she takes the keys to No 10.

SBCI launches €45 invoice financing fund for SMEs with Bibby Finance

The Strategic Banking Corporation of Ireland (SBCI) and Bibby Financial Services Ireland (BFSI) have launched a new €45m invoice financing fund for small and medium enterprises (SMEs).

EU states back deficit sanction procedure for Spain, Portugal

European Union finance ministers endorsed on Tuesday a deficit sanction procedure for Spain and Portugal, paving the way for the EU executive to propose possible fines in the next 20 days.

Irish GDP growth at staggering 26.3pc last year, economist says figures are ‘meaningless’

The Irish economy grew, in GDP terThat’s dramatically faster than the 7.8pc growth rate estimated in March, the Central Statistics Office said this morning.

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

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