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News

Government raises €750m in bond auction

The Government has raised €750m in in a bond auction.

KBC Bank Ireland doubles profit in first quarter

KBC Bank Ireland has more than doubled its profit in the first quarter of its financial year, rising to €34.2 from €16.2m when compared with the same period last year.

Formation of government has not ended political uncertainty – ratings agency Fitch

The formation of a government has not brought an end to political uncertainty, ratings agency Fitch has warned.

Virgin Media’s Irish TV customers take flight amid strong global results

Virgin Media has suffered a 14pc fall in its Irish TV customer base over the last year, new accounts show.

AIB’s mortgage rate cut puts fresh pressure on rival lenders

The pressure on banks to cut their variable rates has been ramped up after Fianna Fáil resubmitted a bill to the Dáil which would give powers to the Central Bank to enforce cuts in rates.

Pizza Hut to create 3,000 jobs in Ireland and UK

Pizza Hut Delivery is to create 3,000 jobs in 200 new stores across the UK and Ireland over the next four years.

Eirtech units reach €2.7m agreement with Irish Revenue

Units of Eirtech Aviation, the Shannon-based aircraft painting company, have concluded agreements with the Revenue Commissioners in relation to historical tax liabilities that have seen them hand over more than €2.7m to the authority.

Irish consumer spending increases 9.7pc in April

Consumer spending in Ireland increased at the second strongest rate of growth recorded by Visa in April.

NTMA to raise €750m in bond auction this week

The National Treasury Management Agency (NTMA) is to raise €750m from the sale of six-year treasury bonds on Thursday.

AIB reacts to new government by cutting mortgage interest rates

The State-owned banking group said its rate will come down by 0.25pc from start of July.

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