Business

Last year

2022

# Consumer Prices

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

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

8.8k

Apr 7th 2022, 11:43 AM

# Ferry nice

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

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

37.1k

Apr 7th 2022, 11:04 AM

# Taxing matters

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

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

8.0k

Apr 6th 2022, 2:50 PM

# Cost of Living

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

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

24.6k

Apr 6th 2022, 12:10 AM

# Ukraine

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

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

22.3k

Apr 4th 2022, 3:02 PM

# Cost of Living

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

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

16.6k

Apr 4th 2022, 1:31 PM

THE MORNING LEAD

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

A report by

Ian Curran

Concerns have been raised that the exits of Ulster Bank and KBC Bank could be “the perfect storm” for the remaining banks.

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.

73.7k

Apr 4th 2022, 12:05 AM

# Ukraine

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

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

32.9k

Apr 1st 2022, 6:18 PM

# energy costs

Electric Ireland to raise electricity and gas prices by over 20% from start of May

Electric Ireland is the latest energy provider to announce a price hike.

41.9k

Mar 30th 2022, 12:58 PM

# Dundrum

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

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

18.1k

Mar 30th 2022, 11:31 AM

# The Banks

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

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

35.4k

Mar 28th 2022, 3:23 PM

THE MORNING LEAD

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

A report by

Ian Curran

“What we have at present is pretty much all being driven by international factors.”

"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.

49.6k

Mar 27th 2022, 12:05 AM

# Central Bank

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

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

28.9k

Updated

Mar 24th 2022, 2:48 PM

# Cost of Living

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

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

19.8k

Updated

Mar 23rd 2022, 3:23 PM

# Cost of Living

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

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.

37.0k

Updated

Mar 23rd 2022, 10:00 AM

# Job Losses

P&O Ferries staff refuse to leave ships after company makes 800 workers redundant

In a statement, the company said that in its current state, “P&O Ferries is not a viable business.”

66.5k

Updated

Mar 17th 2022, 3:50 PM

# Cost of Living

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

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

16.4k

Mar 16th 2022, 11:34 AM

# regulations

Ban on insurance 'price walking' from July but new customer discounts still allowed

The regulations were the result of a review by the Central Bank of the use of differential pricing.

33.3k

Mar 15th 2022, 12:01 PM

# pay at the pump

Fuel price crisis: Industry denies profiteering as hauliers set to receive €100-a-week grant

Micheál Martin said there was concern across Europe at high fuel prices, as Paschal Donohoe said he backed Martin’s comments.

37.6k

Updated

Mar 11th 2022, 5:30 PM

# CCPC

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

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

94.7k

133

Updated

Mar 10th 2022, 6:25 PM

# Ukraine

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

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

78.8k

Mar 10th 2022, 12:21 PM

# Inflation

Cost-of-living crisis: Consumer prices up by 5.6%, the largest increase in 21 years

The last time the CPI was this was was in April 2001.

10.3k

Mar 10th 2022, 11:53 AM

# energy crunch

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

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

16.6k

Mar 8th 2022, 2:58 PM

# Morning Memo

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

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

16.1k

Mar 8th 2022, 12:01 PM

# food supplies

The price of wheat is soaring and the world is already feeling it

Poorer countries are feeling it the most.

35.6k

Mar 7th 2022, 1:13 PM

# cost of living crisis

The €200 electricity rebate should be applied 'next month' as President Higgins signs law

The government is also providing advice to customers who hardship prepay meters.

19.4k

Mar 7th 2022, 8:49 AM

# Anti-Fraud

Tougher rules for online card payments could affect customer subscriptions going through

Higher security standards will come into effect for certain card payments from tomorrow.

41.5k

Mar 7th 2022, 6:37 AM

# Ukraine

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

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

15.8k

Mar 4th 2022, 5:17 PM

# Ukraine

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

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

65.4k

Mar 3rd 2022, 1:52 PM

# Banking

AIB returns to profit as discussions underway to buy back some State shares

The bank will pay out €213 million to shareholders, including the State.

10.2k

Mar 3rd 2022, 12:41 PM

# IFSC

Three Irish-registered firms linked to Russian banks or people who've been sanctioned, says Taoiseach

Micheál Martin was speaking in response to a question from Catherine Murphy TD.

37.4k

Mar 1st 2022, 4:24 PM

# Ukraine

Morning Memo: Western sanctions heap pressure on Russian banks

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

16.4k

Mar 1st 2022, 10:56 AM

# The Banks

Bank of Ireland reports a pre-tax profit of €1.4 billion for 2021

Bank of Ireland CEO Francesca McDonagh said it delivered its “strongest performance since the global financial crisis”.

18.0k

Feb 28th 2022, 11:04 AM

# Ukraine

SWIFT exclusion the most 'disruptive sanction' against Russia

Swift is a discreet but important cog in the machinery of international finance.

36.4k

Feb 27th 2022, 12:21 PM

# Frances Haugen

Facebook whistleblower tells TDs that harm from metaverse 'could be worse'

Facebook employee-turned-whistleblower Frances Haugen has made a number of blistering claims about the social network.

22.3k

Feb 23rd 2022, 4:42 PM

# security guards

Tesco security staff given extra week to decide between severance and moving to new company

Earlier this month almost 100 Tesco security workers were told their jobs could be lost by the end of February.

46.8k

Feb 23rd 2022, 11:34 AM

# Data Breach

Data leak reveals Credit Suisse bank accepted 'autocrats, war criminals and human traffickers'

German daily newspaper Sueddeutsche Zeitung received the data last year.

29.2k

Updated

Feb 21st 2022, 10:39 AM

# Job Losses

'Good job in the pandemic lads, now you're gone': Tesco security guards shocked at job losses

Almost 100 Tesco security workers face losing their jobs by the end of the month.

Almost 100 Tesco security workers face losing their jobs by the end of the month, Órla Ryan reports

Security guards said they were verbally abused and spat on during the pandemic and have now been made to feel "disposable"

"I've worked for this company since I was 16 years of age, I literally do not know anything else," one man told us

104k

Updated

Feb 16th 2022, 12:05 AM

# Brexit

Irish exports hit their highest-ever level in 2021 while trade with Northern Ireland surged

Imports and exports to and from Northern Ireland both rose by nearly €4 billion.

10.5k

Feb 15th 2022, 4:01 PM

# Jobs

Irish utility contracting firm to create 150 new jobs

Gaeltec provides specialist contracting support to public and private companies rolling out or upgrading energy and telecoms infrastructure.

26.7k

Feb 14th 2022, 6:56 AM