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News

State forestry agency Coillte sees profits soar to €47m

STATE forestry agency Coillte generated profits last year of €47.6m, two thirds more than the previous year. The company paid a dividend to the State €5m.

Shortage of homes sees house prices rise again – CSO

PROPERTY prices nationwide rose again last month as a shortage of homes to buy continues to push up values.

Ulster Bank to sell more than 900 customers’ mortgages to vulture funds

Ulster Bank is to offer more than 900 distressed home loans to so called vulture funds, as part of a sale aimed at clearing the decks of the bank’s boom era problem assets.

Shell to implement cuts in UK and Ireland gas production unit

Royal Dutch Shell will increase the number of job cuts in 2015 and 2016 by around 20pc to at least 12,500 as a result of low oil prices and the integration of BG Group, it said on Wednesday.

The European Union and the euro: this is a marriage made in hell

Over recent weeks I have traversed the UK debating whether it should leave the EU. I have been struck by the way that most speakers for readily acknowledge that the euro is a disaster yet still argue that the UK […]

Thousands of families paying over the odds for health insurance

Four out of five consumers who have health insurance are on the wrong plan, according to research by one of the country’s leading health insurance experts.

French oil and port workers vote to begin new strikes

Oil sector workers of French CGT and FO unions voted on Monday to begin a strike at Exxon Mobil’s 240,000 barrels-per-day Port Jerome refinery in northern France, the unions said in a joint statement.

Ireland joins fellow EU countries in call for removal of barriers to data flows

Half of the European Union’s member states on Monday called for the removal of barriers to the free flow of data both within and outside the 28-nation bloc to ensure the continent can benefit from new data-driven technologies.

Insurance giant Axa stubs out ties with tobacco industry

Axa, one of the largest insurance companies in the world, will stop investing in the tobacco industry, it has announced.

Exports would take years to recover from Brexit, S&P warns

Ireland is in the front line of countries that will be worst hit if the UK votes for a so-called Brexit. Recovery in the export sector could take years.

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