Irish economy to take hit post-Brexit, UK may enter recession – NTMA

Ireland is likely to suffer an economic hit from Brexit, the National Treasury Management Agency (NTMA) has warned. In a presentation aimed at investors in the bond markets, who lend to the State, the agency that manages the country’s debt said Irish banks can expect to suffer because of their operations in Britain. Read more: […]

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“Deeply concerned” US multinationals call for Irish tax reform

American multinationals are “deeply concerned” about the personal tax burden in Ireland, according to the American Chamber of Commerce Ireland. The Chamber said reform would make Ireland a more attractive location for talented workers. The call comes as Ireland faces increased competition for foreign direct investment with UK chancellor George Osborne announcing plans to slash […]

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Tullow Oil looking for $300m via convertible bond issue

Irish oil and gas explorer Tullow Oil is looking to raise $300m via issuing convertible bonds. The money would be used for “for general corporate purposes and to fund capital investment in the Group’s assets in West and East Africa,” Tullow told the market this morning. The bonds carry a coupon of 6.625pc, Tullow said, […]

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Consumer sentiment hit a four-month high in June – just ahead of Brexit

Consumer sentiment hit a four-month high in June, just ahead of the British vote to leave the European Union. The Brexit vote Brexit is likely to hit sentiment in the coming months but unlikely to prompt a collapse, according to the authors of the KBC Bank Ireland/ESRI consumer sentiment index. This country having more to […]

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Hire a Bookkeeper to Operate Your Small Business Efficiently

Bookkeeping is crucial to the success and smooth operation of a business. In the absence of appropriate bookkeeping procedures and systems, firms cannot achieve their desired business goals and ambitions. While large scale businesses can afford to hire accountants and bookkeepers to ensure that their books are being maintained appropriately, small businesses don’t have the …

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The Border Brexodus – shoppers to go North amid fall of pound

The Department of Finance has warned that Vat receipts could drop in the wake of the Brexit vote, claiming plunging sterling may lure shoppers to the North instead. The admission Brexit will hit our tax take came as it was confirmed the takings for the first half of the year were €742m better than expected. […]

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Unemployment figures static in June – CSO

Latest figures released by the Central Statistics Office (CSO) show that unemployment remained static in the month of June. The figures reveal that the nationwide rate of unemployment still stands at 7.8pc, the same as the figure recorded for May of this year. However unemployment has contracted by 1.6pc compared to June 2015. There is […]

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Government would try to house EU bank body

The Irish Government would consider making an attempt to house the European Banking Authority (EBA) in the event of its relocation from London but as yet there is no specific plan in place, the Irish Independent understands. Finance Minister Michael Noonan has said the Government is committed to maximising any opportunities that might arise out […]

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