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 […]

This time may be different but it will still be dangerous

There is also the harmless amusement to be gained from watching the unshakeable belief of so many that things will turn out the same. Not so harmless for them, mind you, if they invest their money on that belief – […]

Your house will be worth 20pc more by 2017 – ESRI

Property prices are still undervalued despite the surges seen this year, the Economic and Social Research Institute said. It estimates that prices are set to increase by 6.5pc a year up to 2017. This means prices may surge by close […]

50,000 will find a job as economic growth surges

The numbers at work will jump by 52,000 next year, with unemployment dropping below 10pc for the first time in six years. The Economic and Social Research Institute (ESRI) has also predicted the economy will grow 3pc this year – […]

Irish services sector expands at slower rate in July

Irish services companies registered another sharp expansion of business activity in July, with the rate of growth only slightly weaker than June’s recent high. The Investec monthly services Purchasing Managers’ Index (PMI), which covers businesses from banks to hotels, eased […]

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