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News

German economy contracts unexpectedly in second quarter

The data, combined with weakness in other large countries like Italy, is likely to raise new doubts about the recovery in the euro zone, which is struggling to emerge from the deep financial crisis that nearly tore it apart. Germany’s […]

Positivity hits five-year high despite concerns over hiring costs

Spending Is on the rise and companies believe the 
availability of credit from all sources Is improving, according to the latest Deloitte CFO survey. But despite the positivity, the men and women who control the finances of some of Ireland’s […]

Bailout loan can be repaid early, says IMF

Finance Minister Michael Noonan has said taxpayers could save up to €375m per year if the State was able to pay off a share of the IMF portion of the €67.5bn bailout. But unless there is agreement from Europe, repaying […]

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 […]

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