Business

Last year

2022

# bank holliers

Explainer: What does Ireland's new public holiday actually mean for workers and employers?

For the vast bulk of workers within the State, a new public holiday will entitle them to an extra day’s paid leave.

46.4k

Jan 20th 2022, 3:57 PM

# hauliers

Road safety fears raised over relaxation of lorry driver resting time rules

“I am not aware of any scientific evidence that supports this move” a Sinn Féin spokesperson said.

21.0k

Jan 15th 2022, 6:15 AM

# close contacts

No change to hospitality restrictions until February at the earliest, Taoiseach confirms

Micheál Martin said that Cabinet would discuss the restrictions on hospitality again at the end of January.

45.4k

Updated

Jan 12th 2022, 12:32 PM

# supply and demand

As 'unprecedented' inflation bites, the gap between Irish used and new car prices is tightening

In some cases, a second-hand car is being listed with a higher asking price than a new version of the same model.

51.1k

Jan 12th 2022, 6:00 AM

# retail sales

Irish shoppers splashed out on clothes and DIY supplies in the lead-up to Christmas

But the volume of sales in pubs was still 29.2% below pre-pandemic levels in November, the CSO said.

10.1k

Jan 7th 2022, 2:09 PM

# Corporation Tax

Irish corporation tax revenues set to decline from 2023 onwards, says Donohoe

New figures revealed that Irish tax receipts surged to their highest ever level last year at 68.4 billion euro.

23.8k

Jan 6th 2022, 12:35 PM

# State Finances

Ireland reports record €68.4 billion tax take for 2021 - an annual increase of almost 20%

That’s according to exchequer returns for December published by the Department of Finance this afternoon.

26.2k

Jan 5th 2022, 4:31 PM

# close contacts

Supermarkets and hauliers struggling with 'higher than normal' rates of staff shortages

Amid industry pressure, the Taoiseach said NPHET will keep the isolation period for close contacts under review.

17.1k

Jan 5th 2022, 3:16 PM

# covid absences

'Absenteeism': Union officials hit out at use of term to describe workers out for Covid reasons

“Covid-related shortages are not the result of ‘absenteeism’, which is defined as an avoidable absence from work.”

24.3k

Jan 4th 2022, 3:51 PM

All time

# Climate Change

Ibec boss warned Taoiseach that climate budget could cost economy €7.8bn a year

A move to include emissions from land usage in the budgets would ‘totally undermine the viability’ of the agri-food industry, CEO Danny McCoy wrote.

15.3k

Dec 28th 2021, 1:35 PM

THE MORNING LEAD

Incoming cold snap looks likely to bring inflated Irish energy bills with it in early 2022

A report by

Ian Curran

The arrival of freezing temperatures in parts of Europe will likely increase European demand for natural gas.

While the forecast for Ireland is comparatively mild, supplies of gas are in relatively short supply across Europe due to a number of factors.

This could further increase wholesale gas prices, in turn, fueling electricity and gas bill hikes as soon as January.

69.2k

Dec 22nd 2021, 12:05 AM

# omicron

'We can get through Omicron and overcome it' - Taoiseach

All restaurants, bars, cinemas and theatres must close at 8pm until 30 January.

All restaurants, bars, cinemas and theatres must close at 8pm until 30 January

There is speculation that further restrictions could be introduced in the coming weeks

The Taoiseach has said that data on Omicron will be the "key consideration" around restrictions

67.0k

148

Updated

Dec 21st 2021, 5:20 PM

# The Banks

State to sell 15% chunk of its AIB stake over the next six months, Donohoe announces

The plan is similar to the one used by the Government to sell part of its remaining bailout-era stake in Bank of Ireland.

20.0k

Dec 21st 2021, 8:48 AM

# Trading Places

Brexit drives slump in Irish imports from Britain while cross-border trade flourishes

The food and beverage sector has been particularly affected by the changes, according to the ESRI.

26.2k

Dec 21st 2021, 6:00 AM

# PTSB

Permanent TSB signs agreement to buy €7 billion of Ulster Bank mortgages and 25 branches

The bank will also acquire Business Direct and Lombard Asset Finance loan business under the deal.

14.8k

Dec 17th 2021, 10:21 AM

THE MORNING LEAD

'Wild West': Private fertility sector making millions as patients left in debt

A report by

Maria Delaney

The Noteworthy team also reveals numerous decisions have not been finalised by Government on long-promised public IVF services.

Noteworthy reveals numerous decisions have not been finalised on long-promised public IVF services

Reporter Maria Delaney finds people are using house deposits to pay for fertility treatment

A lack of legislation is leaving Ireland a ‘Wild West’ when it comes to treatment provision

35.9k

Dec 14th 2021, 12:05 AM

# Brexit

Irish trade and politics are being transformed by Brexit - but how? What can we expect in 2022?

We’ve spent the last six weeks attempting to answer these questions at The Good Information Project.

17.7k

Dec 12th 2021, 7:00 PM

# Inflation

Irish consumer prices rise 5.3% during biggest annual increase in 20 years

Soaring petrol, diesel and energy prices continue to drive inflation, the CSO said.

19.8k

Updated

Dec 9th 2021, 1:49 PM

# BUSINESS SUPPORTS

Govt says it was 'too complicated' to bring in targeted hospitality supports and instead extends EWSS

MIinister Paschal Donohoe says it was too complex to do it before Christmas.

Minister Paschal Donohoe says it was too complex to bring in targeted supports Christmas.

The higher rate of the Employment Wage Subsidy Scheme has been extended across December and January.

Planned reductions building up to the end of the scheme on 30 April will continue.

20.1k

Updated

Dec 9th 2021, 12:42 PM

# Catherine Martin

Minister announces €50 million boost for live entertainment with extra €3 million for pantos

Leo Varadkar said a decision will be made today or tomorrow on a support scheme for businesses affected by new restrictions.

9.0k

Dec 8th 2021, 3:22 PM

# Frozen Out

Amazon server outage hits thousands of Disney+ and Netflix customers

The e-commerce giant said it has “identified the root cause and are actively working towards recovery.”

28.0k

Dec 8th 2021, 7:42 AM

# festive spirit

Shop workers facing 'worrying' rise in verbal abuse from customers this Christmas

Mandate is calling for greater respect for retail workers on the frontline.

37.2k

Dec 6th 2021, 6:30 AM

# Hospitality

'We've had 3,400 cancellations in 3 weeks': Restaurants say Christmas trade has been 'decimated'

Businesses have called for cuts to the Employment Wage Subsidy Scheme to be reversed amid mass cancellations over Covid fears.

48.1k

Dec 2nd 2021, 4:00 PM

# christmas cancellations

Varadkar says hospitality sector is 'taking a hit for the team' as he pledges continued supports

Varadkar said a decision on financial supports will be made in the coming days.

20.3k

Dec 2nd 2021, 2:33 PM

# The Banks

Bank of Ireland fined €24.5 million for IT failures that had potential 'serious' customer impact

The failures could have led to customers being denied access to basic banking services.

38.2k

Dec 2nd 2021, 11:00 AM

# trade winds

Rosslare Europort had one of the busiest days in its history this month - thanks to Brexit

European trade volumes are up close 400% in the first nine months of 2021, according to the port.

The volume of cargo going through the Wexford port has ballooned by 55% this year

A big increase in direct trade with Europe is driving the change, writes Ian Curran

Irish businesses are finding new customers and new suppliers in Europe as an alternative to Britain

57.7k

Nov 28th 2021, 12:05 AM

# Power trip

Two big power stations disconnected from the national grid on Monday night in rare 'one-off' event

The national grid operator said two power stations tripping almost simultaneously is a rare, “one-off” event.

The 'tripping' of the two stations resulted in the loss of 820 megawatts of power to the grid.

This was the equivalent of 20% of the total national demand for electricity at that time.

A spokesperson for EirGrid said the incident was unrelated to ongoing issues around security of electricity supply.

93.4k

Nov 24th 2021, 4:12 PM

# covid supports

Government to keep wage subsidy scheme levels 'under review', says minister

The scheme is supporting 289,000 workers and 25,800 employers at cost of €414 million, as of last month, said Donohoe.

7.6k

Nov 23rd 2021, 3:59 PM

# Banking

Banking review to assess mortgage pricing, savings rates and bankers' pay

The review will also assess submissions on the salary cap for bankers.

16.1k

Nov 23rd 2021, 3:13 PM

# Brexit

Brexit is fuelling a boom in cross-border trade. But why? And what does it mean for the island?

“There’s a whole cohort of Great British businesses going, ‘Do you know what? We can’t be arsed sending goods to Northern Ireland.’”

In the year to September, the value of imports to the Republic from the North grew by 60% to almost €2.6 billion.

The value of goods going the opposite direction rose by almost 50% over the same period last year to €2.8 billion.

The changes have been born of necessity rather than politics or questions of identity, Ian Curran writes.

37.1k

Nov 23rd 2021, 12:05 AM

# Inflation

Cost of living concerns mount as October sees largest annual jump in consumer prices since 2007

Electricity and fuel costs are the main drivers of inflation currently, the Central Statistics Office said.

21.9k

Nov 11th 2021, 2:49 PM

# Sell Sell Sell

Elon Musk sells $5 billion of Tesla shares mostly to cover taxes, shortly after Twitter poll

Close to 58% of the 3.5 million votes were cast supporting a sale in the poll over the weekend.

25.5k

Nov 11th 2021, 7:53 AM

# Innovate

Watchdog orders shop to refund customers who never received PS5 consoles bought last year

The consoles were bought as gifts for Christmas 2020 but never received.

36.8k

Nov 10th 2021, 12:39 PM

# Sean FitzPatrick

Anglo's collapse has had an outsized impact on Irish life and so will Seán FitzPatrick's legacy

The former chairman of the collapsed bank never felt he had anything to apologise for.

25.8k

Nov 9th 2021, 6:48 PM

# climate action plan

Agriculture, Building, Transport: Here's how sectors are expected to cut emissions by 2030

The agriculture sector has been targeted with the lowest change – a 22% to 30% reduction in emissions.

8.7k

Nov 4th 2021, 5:51 PM

# Meta

Facebook ends facial recognition over privacy fears

The announcement came as the tech giant battles one of its worst crises ever.

12.4k

Nov 2nd 2021, 10:30 PM

THE MORNING LEAD

'Concertina effect': Supply chain and shipping disruption could last 'the entirety of 2022'

A report by

Ian Curran

Once goods arrive in Ireland, a shortage of truck drivers is causing delays to final deliveries.

Major congestion at European feeder ports serving Ireland continues to delay the flow of goods to and from Irish ports.

Once goods arrive in Ireland, a shortage of truck drivers is causing delays to final deliveries.

Businesses are being urged to afford struggling hauliers and drivers respect ahead of what could be a challenging Christmas.

34.2k

Nov 1st 2021, 12:05 AM

# price inflation

'Supply chain bottlenecks and rising energy prices' are main threat to recovery, warns Lagarde

Despite rising prices, the European Central Bank also decided to keep its pandemic stimulus efforts unchanged.

10.6k

Oct 28th 2021, 2:15 PM

# empty piggy bank

Cabinet agrees not to make €500 million payment into the country's rainy day fund

There is currently no money in the rainy day fund which was set up in 2018.

20.0k

Oct 27th 2021, 7:11 PM

# Port In A Storm

Brexit's impact on Dublin Port is 'clear' as cargo volumes decline

Trade with European ports, meanwhile, has increased by 36% in the first nine months of the year.

34.7k

Oct 27th 2021, 6:30 AM