An average of 3,274 mortgages are being approved on a monthly basis

Mortgage approvals increased by 17.6pc year on year in the three months to the end of July, new figures from the Banking and Payments Federation Ireland show. A total of 3,274 mortgages were approved per month during the period with just under half of them accounted for by first-time buyers. On average mover purchases accounted […]

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An average of 3,274 mortgages are being approved on a monthly basis

Mortgage approvals increased by 17.6pc year on year in the three months to the end of July, new figures from the Banking and Payments Federation Ireland show. A total of 3,274 mortgages were approved per month during the period with just under half of them accounted for by first-time buyers. On average mover purchases accounted […]

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Ireland’s Brexit benefit? Europe’s biggest stock exchange is eyeing up Dublin

Europe’s biggest stock exchange Bats Europe could open a base outside London following Brexit, its head told Reuters, voicing doubts about whether the City of London would secure sufficient access to the European market. Bats Europe accounts for about 24 percent of daily trading in European shares and a shift of UK operations of one […]

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Profits at pharma firm double to €18.5m

Pre-tax profits at pharmaceutical firm Clonmel Healthcare more than doubled to €18.5m last year. New accounts show that the Co Tipperary-based firm enjoyed the massive increase in pre-tax profits largely as a result of receiving dividends of €12m from a subsidiary. Revenues fell from €47.38m to €41.62m in the 12 months to the end of […]

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Restaurant Group to sell or shut 33 sites

Britain’s Restaurant Group, the struggling owner of the Joe’s Kitchen chain, said it identified 33 underperforming sites for sale or closure as a part of its ongoing strategy review after a turbulent year. The company, that ousted its chief executive earlier this month, said it would take action on pricing and add back popular dishes […]

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Apple set to create 1,000 jobs with Cork plan go-ahead

Apple has received planning permission for an expansion at its European HQ in Cork that is to deliver 1,000 jobs. An Bord Pleanála gave the expansion plan the go-ahead after dismissing an appeal against the development by local residents. The plan by the iPhone maker comprises a four-storey office block and a 752-space car park […]

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Lending loophole in Central Bank home loan rules

Irish banks can ignore the Central Bank’s tough new mortgage rules when they lend to customers abroad, the Irish Independent has learned. Banks with UK operations, for example, can lend mortgages to their customers there without being bound by the home loan rules introduced by the Central Bank last year. The Central Bank’s loan-to-income (LTI) […]

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Cairn Homes revenue rises to €16m

Revenue at Irish homebuilder Cairn Homes increased to €16m in the first half of the year after the company concluded its site acquisition phase. The firm also reported strong progress on the Ulster Bank Project Clear portfolio. Cairn said it had realised €32m in proceeds from settlements and asset sales with nine sites (€126.1m) transferred […]

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Cairn Homes revenue rises to €16m

Revenue at Irish homebuilder Cairn Homes increased to €16m in the first half of the year after the company concluded its site acquisition phase. The firm also reported strong progress on the Ulster Bank Project Clear portfolio. Cairn said it had realised €32m in proceeds from settlements and asset sales with nine sites (€126.1m) transferred […]

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