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Davy Stockbrokers calls for small budget 2015 adjustment of €500m

The broker said that Ireland is growing at an “exceptionally rapid pace” and is the fastest growing 
in Europe The broker has also said the unemployment rate will fall to 9.6pc next year, it is currently just above 11pc. The […]

UK less likely to hike interest rates early as economists see slack in economy

A majority of 67pc of respondents said there’s still enough slack in the British economy to justify holding the key rate at 0.5pc, where it’s been since March 2009. The BOE has put spare capacity at about 1pc to 1.5pc […]

Noonan’s officials: we will have say at ECB

And the Department of Finance points out that larger countries, including Germany and France, will also lose their permanent votes. From January 1 next year, all members of the eurozone will get rotating votes at ECB Governing Council meetings. Fine […]

Irish businesses under siege as crime costs employers €1.5bn every year

The results of the small employers’ group National Crime Survey found that crime cost businesses €1.5bn last year and owners were losing faith in the judiciary in the fight against crime. The survey found that the direct costs of crime […]

Spar South Africa to take 80 per cent stake in BWG

Spar South Africa, a publicly-quoted wholesaler and distributor, is to pay €55 million for an 80 per cent stake in the BWG Group, which owns the Spar brand in Ireland. The new partnership will have up to € 100 million […]

Failure to protect data will cost business in the end

Facebook was in touch the other day. “Help your friends recognise you,” they wrote. “Add a profile picture.” My instinctive reaction was: Why? So it could be added to the pile of data on me and others that is left […]

Consumer market in ‘recovery mode’ – monitor

Consumer spending represents over 60% of the economy here and there are signs of recovery after seven years of decline in a row. This is according to the Marketing Institute of Ireland and UCD’s Smurfit Graduate Business School. Their consumer […]

The Punt – Bets on house price folly

Business newswire Bloomberg reported yesterday that Paddy Power is offering odds of 9-to-4 that house prices will increase by between 15pc and 19.9pc this year. A €4 winning bet would return a €9 profit, the report helpfully points out to […]

Europe needs to start printing more money – and it needs to do it now

In his statement yesterday, ECB President Mario Draghi showed little evidence of a change on policy. What he ought to have said the council has had second thoughts: The changes in June were too timid, and since then the situation […]

House price rises are cause for worry, says bank boss

Belgian Wim Verbraeken has also cast doubts on claims that that houses in Dublin in particular are “undervalued.” Mr Wim Verbraeken, who took over as chief executive of KBC Bank Ireland in November last year, said a lack of homes […]

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