Using life insurance to beat inheritance tax

If you stand to inherit property or assets from parents but are worried about getting caught in the current inheritance tax ‘trap’, a life insurance policy might be an effective way to avoid paying the full whack. Over the last […]

AIB blasts Citibank in $500m case linked to rogue trader

Allied Irish Banks has lashed out at Citibank’s latest efforts to derail a $500m (€458m) lawsuit launched over a decade ago after rogue trader John Rusnak racked up $691m of losses at former AIB subsidiary Allfirst. AIB claims that Citibank […]

Growth in services sector reaches a nine-year high

Growth in the country’s services reached a nine-year high in July, marking three years of unbroken expansion as new business rose to levels last seen a decade and a half ago, a survey has shown. Ireland’s economy grew by 6.5pc […]

500 jobs targeted at Ireland’s first rural digital hub

Work is due to start on a new high-speed digital hub in Skibbereen in Cork, where it is hoped that 500 new jobs will be created over the next five years. The 10,000 sq ft hub, which was officially launched […]

AIB to cut standard variable rate to 3.65pc for all customers, makes €1.2bn profit

Allied Irish Banks has announced that it will cut its standard variable mortgage rate for both new and existing AIB customers by 0.25pc to 3.65pc. The reduction will come into effect during October. It will save customers on a €200,000 […]

Fewer mortgages being issued to ‘movers’

Data from Banking and Payments Federation Ireland (BPFI) shows how Central Bank lending rules appear to be having an impact. The figures show how much is being lent by the main banks for house purchases, and a slowdown in the […]

State is on course for balanced budget ahead of its 2019 target

A balanced budget could be on the cards ahead of the 2019 target after new figures showed that the State’s finances are in increasingly good shape. The closely watched Exchequer deficit fell to €647.5m in the first seven months of […]

Last month was best July for startups since the recession

The number of startup companies in Ireland reached its highest level in July since before the recession in 2007, new figures have shown. According to a survey carried out by business and credit risk company Vision-net, 1,764 new limited companies […]

New car sales fuel jobs boost across the motor industry

More than 27,500 new cars were bought by Irish motorists in July, almost as many as the traditional bumper month, January. Figures show the nation’s buying trends are changing dramatically with the new twice-a-year change of registration plates. New-car registrations […]

Irish firms’ factory output rebounds in July

Irish manufacturing sector growth bounced back 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 […]

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