News

There is simply no question that the Irish authorities sought to give Apple any kind of special tax deal. That is according to Minister for Finance, Michael Noonan who has stated that “detailed and comprehensive responses have been provided to the EU Commission demonstrating that the appropriate amount of Irish tax was charged in accordance […]

Over 80pc of Irish directors and business leaders are concerned that the Irish government is not adequately prepared for a Brexit scenario, new research has shown. According to a survey by the Institute of Directors in Ireland, 92pc of directors are concerned about a UK exit from the EU with 87pc believing it will have […]

Michael Noonan says he will call in the heads of all of the main banks to apply pressure to cut mortgage interest rates again, but stood over claims a move to legally force down prices could be unconstitutional. Speaking ahead of a speech to an international banking conference in Dublin this afternoon, Michael Noonan said […]

NTMA says overall impact from UK leaving EU is negative The National Treasury Management Agency is highlighting to Irish bond investors that the country could seize opportunities, particularly in the financial sector, from a Brexit, even if the overall impact would be negative. “Following UK exit, some activity in London may be forced to move […]

An entrpreneur who first came to prominence on TV show ‘Dragon’s Den’ has announced he’s to create 100 jobs. Smart Storage managing director Paul Jacob featured on the RTE show in 2012 with his stairs storage solutions. He’s now set to create 100 jobs across Ireland and the UK over the next 18 months. Sixty […]

The SuperValu brand could start making an appearance on shop shelves around the world, as Cork-based retail group Musgrave plots a targeted internationalisation of its products. Musgrave chief executive Chris Martin told the Irish Independent that while its plans are at a very early stage, the group is looking at how it might emulate retailers […]

Eddie O’Connor’s Mainstream Renewable Power is “in the process” of raising €100m as it seeks to expand across emerging markets in South America, Africa, and South East Asia. The company swung to an after tax profit of €96m last year after losing almost €50m in 2015. Mr O’Connor said the results reflected “diligent implementation” of […]

Businessman Denis O’Brien has criticised the Irish government’s decision to suspend water charges. Speaking to Bloomberg Television, Mr O’Brien said a plan to set up a commission to examine the water charges issue meant it had been “kicked in the air and down the field.” “The government was wrong to back down on Irish Water,” […]

Gross domestic product in the euro zone up 0.6 per cent on a quarter-on-quarter basis The euro zone economy accelerated more than expected in the first quarter, preliminary data showed on Friday, but consumer prices also dropped by more than forecast in April because of a steep fall in energy costs. The European Union’s statistics […]

MORE than one million households are set to benefit from one of the biggest cuts in energy prices in recent years. Electric Ireland said its 1.2 million customers will see prices fall by 6pc in June. The reduction will save the average family €57 over the course of a year. It comes as wholesale gas […]