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Dublin: 7°C Saturday 28 May 2022

Friday 20 May, 2022

Construction costs surge again in April as inflation continues to pump up wholesale prices
# Price Pressures
# Price Pressures

Construction costs surge again in April as inflation continues to pump up wholesale prices

May 20th 2022, 2:52 PM 16,409 Views 18 Comments

Structural steel and fabricated metal prices were up 42% and 38.5% respectively over 12 months.

Wednesday 18 May, 2022

Exiting Ulster Bank gives customers six-month 'deadline' to repay their overdrafts
# The Banks
# The Banks

Exiting Ulster Bank gives customers six-month 'deadline' to repay their overdrafts

May 18th 2022, 4:25 PM 37,997 Views 28 Comments

But bank officials said the lender will remain flexible and urged customers having difficulties to come forward immediately.

Department to explore 'substantial' revisions to remote working bill after criticism
# Home Work
# Home Work

Department to explore 'substantial' revisions to remote working bill after criticism

Updated May 18th 2022, 12:00 PM 36,289 Views 56 Comments

The draft bill has gone down like a “lead balloon” with workers, said Sinn Féin’s Louise O’Reilly.

Monday 16 May, 2022

Buy-now-pay-later firms offering 'indirect credit' must now be authorised by the Central Bank
# New Rules
# New Rules

Buy-now-pay-later firms offering 'indirect credit' must now be authorised by the Central Bank

May 16th 2022, 2:14 PM 13,722 Views 5 Comments

The regulator has also placed an interest rate cap of 23% APR on all consumer credit agreements.

Ryanair lost €355 million last year amid 'fragile' recovery in air travel from the pandemic
# Turbulent Times
# Turbulent Times

Ryanair lost €355 million last year amid 'fragile' recovery in air travel from the pandemic

May 16th 2022, 7:44 AM 9,248 Views 4 Comments

The low-cost airline said it hopes to return to profitability in the current financial year,

Friday 13 May, 2022

Elon Musk 'still committed' to $44 billion Twitter takeover despite putting deal 'on hold'
# Twitter Takeover
# Twitter Takeover

Elon Musk 'still committed' to $44 billion Twitter takeover despite putting deal 'on hold'

Updated May 13th 2022, 2:20 PM 23,622 Views 15 Comments

The Tesla chief executive tweeted the news this morning.

Thursday 12 May, 2022

Despite prices falling at the pump, annual Irish consumer price inflation hit 7% in April — a 22-year high
# Cost Of Living
# Cost Of Living

Despite prices falling at the pump, annual Irish consumer price inflation hit 7% in April — a 22-year high

May 12th 2022, 11:42 AM 10,362 Views 26 Comments

Consumer price inflation has now been rising at an annual pace of 5% or more since October 2022.

Tuesday 10 May, 2022

Competition authority launches full probe into Permanent TSB's €7.6 billion Ulster Bank deal
# The Banks
# The Banks

Competition authority launches full probe into Permanent TSB's €7.6 billion Ulster Bank deal

May 10th 2022, 2:20 PM 15,086 Views 6 Comments

The investigation will determine whether the proposed acquisition could lead to a substantial lessening of competition in the State.

Saturday 30 April, 2022

After Moscow follows through on gas cut threat, 'all bets are off' on Europe's Russian supply
# Energy Crisis
# Energy Crisis

After Moscow follows through on gas cut threat, 'all bets are off' on Europe's Russian supply

Apr 30th 2022, 12:05 AM 39,612 Views 24 Comments
  • Russia may have 'crossed the Rubicon' by halting gas flows to Poland and Bulgaria this week, experts say.
  • The move by Gazprom throws into question assumptions about Russia's unwillingness to retaliate using its energy exports.
  • Ireland imports no gas directly from Russia but a loss of Russian supply to Europe could further push up global prices.

Friday 29 April, 2022

Flurry of announcements caps off noteworthy week for Irish banks and their customers
# The Banks
# The Banks

Flurry of announcements caps off noteworthy week for Irish banks and their customers

Apr 29th 2022, 12:26 PM 16,307 Views 0 Comments

Stakeholders say the industry is staring down the barrel of one of the biggest logistical challenges in its history.

Tuesday 26 April, 2022

Question marks hang over Elon Musk's plans after $44 billion Twitter takeover deal
# Known Unknowns
# Known Unknowns

Question marks hang over Elon Musk's plans after $44 billion Twitter takeover deal

Apr 26th 2022, 5:25 PM 16,441 Views 20 Comments

What has Musk said about his vision for the social media platform and what do experts think is actually going to happen?

Wednesday 20 April, 2022

City centre businesses vote to retain DublinTown organisation for another five years
# Dublin Town
# Dublin Town

City centre businesses vote to retain DublinTown organisation for another five years

Apr 20th 2022, 3:12 PM 11,876 Views 14 Comments

Out of 2,500 eligible businesses, just over 1,200 took part in the plebiscite on the future of the scheme.

Tuesday 19 April, 2022

The Twittering classes: Elon Musk's $43 billion bid and Twitter's 'poison pill'
# Morning Memo
# Morning Memo

The Twittering classes: Elon Musk's $43 billion bid and Twitter's 'poison pill'

Apr 19th 2022, 11:33 AM 13,677 Views 12 Comments

Twitter co-founder and board member Jack Dorsey has signalled his unhappiness with the board’s handling of the situation.

Friday 15 April, 2022

Is your bank exiting the market? Take action soon, experts say. Here's what you need to know
# The Banks
# The Banks

Is your bank exiting the market? Take action soon, experts say. Here's what you need to know

Apr 15th 2022, 12:05 AM 28,047 Views 20 Comments
  • Ulster Bank and KBC Bank are in the process of winding down their Irish operations as announced last year.
  • Concerns have been raised in recent months about the scale of the logistical challenges involved.
  • Consumer experts say customers have time to sort out new arrangements but they should "take action" soon.

Thursday 14 April, 2022

Boston Scientific to pump €100 million into Galway facility, adding 300 jobs
# Ballybrit
# Ballybrit

Boston Scientific to pump €100 million into Galway facility, adding 300 jobs

Apr 14th 2022, 8:13 AM 11,846 Views 9 Comments

Opened in 2019, the facility is the firm’s second in Galway City where it has had a presence since 1994.

Wednesday 13 April, 2022

Ulster Bank gives current and deposit account customers six months' notice to switch providers
# The Banks
# The Banks

Ulster Bank gives current and deposit account customers six months' notice to switch providers

Apr 13th 2022, 1:39 PM 28,320 Views 11 Comments

Separately, KBC Bank announced yesterday that from June, customers will get 90 days’ notice to move their accounts.

Monday 11 April, 2022

Raise social welfare rates to shield struggling households from spiralling inflation, experts say
# Cost Of Living
# Cost Of Living

Raise social welfare rates to shield struggling households from spiralling inflation, experts say

Apr 11th 2022, 12:05 AM 52,110 Views 58 Comments
  • Current social welfare rates were set last year when inflation was expected to peak at 4.5% annually.
  • But with prices on the march, household earnings are now expected to fall in real terms in 2022 for the first time since 2013.
  • Economists say raising core social welfare raise on a temporary basis could be the best way of protecting low-income households.

Thursday 7 April, 2022

Cost of living anxieties mount as inflation accelerates to 6.7% in March
# Consumer Prices
# Consumer Prices

Cost of living anxieties mount as inflation accelerates to 6.7% in March

Apr 7th 2022, 11:43 AM 8,584 Views 21 Comments

It represents the largest annual change in prices since November 2000.

Brittany Ferries to operate 'huge' tourist-oriented vessel on Rosslare to Bilbao route
# Ferry Nice
# Ferry Nice

Brittany Ferries to operate 'huge' tourist-oriented vessel on Rosslare to Bilbao route

Apr 7th 2022, 11:04 AM 36,373 Views 22 Comments

Unveiled in February 2020, originally as a freight route, the link from Wexford to the Basque city has proved popular.

Wednesday 6 April, 2022

Tax receipts climbed in the first three months of 2022 but figures are 'flattered' by Covid
# Taxing Matters
# Taxing Matters

Tax receipts climbed in the first three months of 2022 but figures are 'flattered' by Covid

Apr 6th 2022, 2:50 PM 7,756 Views 9 Comments

Tax revenues were up over 30% compared with the same period last year when strict public health measures were in place.

'Real' incomes to fall for first time since 2013 with inflation outpacing wage growth
# Cost Of Living
# Cost Of Living

'Real' incomes to fall for first time since 2013 with inflation outpacing wage growth

Apr 6th 2022, 12:10 AM 24,281 Views 36 Comments

The war is expected to “weigh” on trade and overall growth while fueling “strong” energy price inflation, the Central Bank said,

Monday 4 April, 2022

Irish food giant Kerry Group to suspend operations in Russia and Belarus
# Ukraine
# Ukraine

Irish food giant Kerry Group to suspend operations in Russia and Belarus

Apr 4th 2022, 3:02 PM 21,975 Views 21 Comments

The company, which employs 250 people in Russia and Belarus, said it is “horrified” by the humanitarian crisis in Ukraine.

Irish grocery prices have increased at their fastest pace this year in nearly a decade
# Cost Of Living
# Cost Of Living

Irish grocery prices have increased at their fastest pace this year in nearly a decade

Apr 4th 2022, 1:31 PM 15,897 Views 35 Comments

To “mitigate supply chain pressure”, supermarkets are running fewer promotions, Kantar said.

Banks 'ill-prepared for the biggest logistical challenge in Irish banking since the euro'
# The Banks
# The Banks

Banks 'ill-prepared for the biggest logistical challenge in Irish banking since the euro'

Apr 4th 2022, 12:05 AM 73,023 Views 32 Comments
  • Concerns have been raised that the exits of Ulster Bank and KBC Bank could be "the perfect storm" for the remaining banks.
  • Over one million customers will have to choose a new provider and switch over their current accounts.
  • But the Financial Services Union believes significant customer service issues are likely to arise, Ian Curran reports.

Friday 1 April, 2022

Explainer: Why is Vladimir Putin demanding that Europe pays for Russian gas in roubles?
# Ukraine
# Ukraine

Explainer: Why is Vladimir Putin demanding that Europe pays for Russian gas in roubles?

Apr 1st 2022, 6:18 PM 32,632 Views 10 Comments

Germany has warned its citizens that gas rationing could be implemented if Russian flows are interrupted.

Wednesday 30 March, 2022

Land Development Agency lodges plans for close to 1,000 homes on Central Mental Hospital site
# Dundrum
# Dundrum

Land Development Agency lodges plans for close to 1,000 homes on Central Mental Hospital site

Mar 30th 2022, 11:31 AM 17,645 Views 14 Comments

The project consists of 940 apartments, 17 duplexes and 20 houses.

Tuesday 29 March, 2022

'More natural gas does not mean more energy security for Ireland,' Dáil committee hears
# Gas Prices
# Gas Prices

'More natural gas does not mean more energy security for Ireland,' Dáil committee hears

Mar 29th 2022, 1:13 PM 9,884 Views 23 Comments

The Government is facing calls to back the development of a commercial LNG import terminal in North Kerry.

Monday 28 March, 2022

Ulster Bank to write to customers, giving them six months to close current and deposit accounts
# The Banks
# The Banks

Ulster Bank to write to customers, giving them six months to close current and deposit accounts

Mar 28th 2022, 3:23 PM 34,788 Views 27 Comments

It’s part of the NatWest-owned bank’s phased withdrawal from the market in the Republic of Ireland, announced in February 2021.

Sunday 27 March, 2022

Ireland's inflation shock explained: The factors driving up prices here and across the globe
# Cost Of Living
# Cost Of Living

Ireland's inflation shock explained: The factors driving up prices here and across the globe

Mar 27th 2022, 12:05 AM 47,741 Views 32 Comments
  • "What we have at present is pretty much all being driven by international factors," one economist said.
  • Issues around energy, food and fertiliser supplies have all reared their heads as a consequence of the war in Ukraine.
  • Consumer sentiment has dipped amid rising prices, raising some concern about Ireland's economic prospects this year.

Thursday 24 March, 2022

Irish arm of large US financial firm fined €10.78 million over 'serious systemic' breaches
# Central Bank
# Central Bank

Irish arm of large US financial firm fined €10.78 million over 'serious systemic' breaches

Updated Mar 24th 2022, 2:48 PM 28,634 Views 7 Comments

BNY Mellon Fund Services also provided “inaccurate and misleading information” to the Central Bank.

Wednesday 23 March, 2022

Petrol prices: Consumer watchdog receives almost 200 complaints in two weeks
# Cost Of Living
# Cost Of Living

Petrol prices: Consumer watchdog receives almost 200 complaints in two weeks

Updated Mar 23rd 2022, 3:23 PM 19,536 Views 18 Comments

The CCPC has urged anyone with information about cartel behaviour and collusion to come forward as a whistleblower.

Disposable incomes to fall for the first time since 2012 amid rampant inflation, economists say
# Cost Of Living
# Cost Of Living

Disposable incomes to fall for the first time since 2012 amid rampant inflation, economists say

Updated Mar 23rd 2022, 10:00 AM 36,697 Views 56 Comments

The combined impact of higher prices and greater uncertainty in global trade from the war in Ukraine is likely to weaken Irish growth this year.

Wednesday 16 March, 2022

Lower-income customers face 'real difficulty' from rising energy bills, says regulator
# Cost Of Living
# Cost Of Living

Lower-income customers face 'real difficulty' from rising energy bills, says regulator

Mar 16th 2022, 11:34 AM 16,209 Views 36 Comments

The chair of the Commission for the Regulation of Utilities said it is exploring every option.

Thursday 10 March, 2022

Taoiseach says fuel price gouging 'morally reprehensible' as watchdog receives 25 more complaints
# CCPC
# CCPC

Taoiseach says fuel price gouging 'morally reprehensible' as watchdog receives 25 more complaints

Updated Mar 10th 2022, 6:25 PM 94,431 Views 133 Comments

It comes after allegations of price gouging by service station chains were aired in Dáil Éireann yesterday.

Billionaire Russian owner of Co Limerick aluminium plant named on UK sanctions list
# Ukraine
# Ukraine

Billionaire Russian owner of Co Limerick aluminium plant named on UK sanctions list

Mar 10th 2022, 12:21 PM 78,255 Views 21 Comments

Auginish Alumina employs 450 people in the Askeaton area of Co Limerick.

Tuesday 8 March, 2022

'Panic buying will only make the situation worse,' say Ireland's oil and fuel suppliers
# Energy Crunch
# Energy Crunch

'Panic buying will only make the situation worse,' say Ireland's oil and fuel suppliers

Mar 8th 2022, 2:58 PM 16,366 Views 27 Comments

Oil suppliers are limiting the amount they are selling to high volume customers.

Nervous times for Irish households and businesses as supply anxieties roll through markets
# Morning Memo
# Morning Memo

Nervous times for Irish households and businesses as supply anxieties roll through markets

Mar 8th 2022, 12:01 PM 15,903 Views 5 Comments

Market ructions, gas rationing and 1970s-style inflation fears hit the headlines.

Friday 4 March, 2022

Ireland 'engaging' with EU on proposal to ban Russian ships from docking at European ports
# Ukraine
# Ukraine

Ireland 'engaging' with EU on proposal to ban Russian ships from docking at European ports

Mar 4th 2022, 5:17 PM 15,638 Views 19 Comments

Russian trade is facing severe disruption as a consequence of sanctions announced this week.

Thursday 3 March, 2022

Explainer: How reliant is Ireland on Russian energy - and why are gas and oil prices rising?
# Ukraine
# Ukraine

Explainer: How reliant is Ireland on Russian energy - and why are gas and oil prices rising?

Mar 3rd 2022, 1:52 PM 60,179 Views 40 Comments

“When it comes to a global energy shortage, the implications are far more devastating in developing countries,” one economist said.

Tuesday 1 March, 2022

Morning Memo: Western sanctions heap pressure on Russian banks
# Ukraine
# Ukraine

Morning Memo: Western sanctions heap pressure on Russian banks

Mar 1st 2022, 10:56 AM 16,275 Views 5 Comments

Russia’s currency has depreciated rapidly in the past few days of trade.

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