Business News

New parental leave regulations coming into effect in September

19th August 2019

New parental leave regulations coming into effect in September New parental leave regulations will come into effect on September 1. Employees will be entitled to 22 weeks unpaid parental leave which is an additional 4 weeks on current entitlements. This will then increase a further 4 weeks to 26 weeks from 1 September 2020. The […]

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Businesses say Ireland is running out of warehousing space amid Brexit fears

19th August 2019

Businesses say Ireland is running out of warehousing space amid Brexit fears Groups representing businesses have said Ireland is running out of warehousing space as retailers and manufacturers rush to stockpile amid growing fears of a no-deal Brexit on 31 October. New figures from Savills Estate Agents show warehouses in Dublin have reached over 96% […]

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European bond yields fall as markets anticipate fresh ECB stimulus measures

19th August 2019

European bond yields fall as markets anticipate fresh ECB stimulus measures Government bond yields in the euro area are hovering near record lows, reflecting heightened expectations for European Central Bank easing soon and concern about global recession risks. Ten-year bond yields in Germany and Italy were poised to record their biggest weekly falls since mid-2018, […]

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Restaurants seek fresh VAT cut to combat hard-Brexit

16th August 2019

Restaurants seek fresh VAT cut to combat hard-Brexit Restaurants here want the Government to reduce the VAT rate for the hospitality sector to 9% once again, ahead of a potential no-deal Brexit. The organisation has warned that one in five restaurants here is likely to close if the UK leaves the EU without a deal. […]

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Wall Street rises on strong retail sales data; recession fears remain

16th August 2019

Wall Street rises on strong retail sales data; recession fears remain US stocks rose in choppy trading today, as strong July retail sales data and Walmart’s upbeat results eased some fears about the economy slipping into recession. However, a slump in shares of network gear maker Cisco limited gains. Cisco Systems Inc dropped 6.2% and […]

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Export values to the UK down in June but up for the half year

16th August 2019

Export values to the UK down in June but up for the half year The value of exports fell by 5% in the month of June compared to the same month last year. According to figures from the CSO, goods exports totalled €12.1 billion in the month, a decrease of €663 million on June 2018. […]

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4,920 new homes built between April and June – CSO

13th August 2019

4,920 new homes built between April and June – CSO There were 4,920 new homes completed between April and June, according to the CSO, an 11.8% increase year-on-year. More than half of those – 2,834 – were part of a scheme, which is classified as a development of two or more houses. That figure is […]

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Brexit impacting skill requirements of companies; state training body

13th August 2019

Brexit impacting skill requirements of companies; state training body Brexit is having an impact on the skills requirements of companies here, according to the head of the state body tasked with upskilling the workforce. Paul Healy, CEO of Skillnet Ireland, said the decision of our nearest neighbour to leave the EU was affecting the training […]

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July was the busiest month ever at Dublin Airport

13th August 2019

July was the busiest month ever at Dublin Airport Almost 3.5 million passengers travelled through Dublin Airport in July, making it the busiest month in the airport’s 79-year history. Passenger numbers increased by 4% compared to the same month last year as the airport welcomed an average of more than 110,000 passengers per day during […]

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2.2 million Irish people have private health insurance – Health Insurance Authority

9th August 2019

2.2 million Irish people have private health insurance – Health Insurance Authority The number of people with private health insurance in Ireland rose to 2.2 million at the end of last year, representing 45% of the population, according to the Health Insurance Authority. The figures have risen year on year since 2014, and so has […]

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