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Business

Monday 15 October 2018

First-time buyers (Stock photo)

Breaking First-time buyers in Ireland paying multiples more for mortgage than European average

First-time buyers here are paying multiples more for a mortgage every year than the European average.

Tánaiste Simon Coveney Photo: Mark Condren

Brexit

Live Brexit talks: Simon Coveney 'frustrated and disappointed' as he calls on Theresa May to honour 'backstop' commitments

Minister for Foreign Affairs Simon Coveney has said...

Patrick Coveney, CEO of Greencore

Business

Irish food supplier Greencore to sell entire US business for €927m

Irish food-to-go supplier Greencore has reached an agreement to sell its entire US business to Hearthside Food Solutions for £817 million (€927m).

Photo: REUTERS

Brexit

House sales to UK buyers climb as 'Brexit refugees' outbid Irish-based homebuyers

PROPERTY sales to UK-based buyers have increased by 10pc over the past year,...

Jenny Radcliffe at the 2018 Information Sec in the RDS

Dublin Information Sec

Human beings are the biggest vulnerability in company's cybersecurity defences - Channel 4's 'Hunted' star Jenny Radcliffe

Sir Richard Branson at a Virgin Money branch (PA)

World

CYBG completes €1.9bn takeover of Virgin Money

CYBG has formally completed its £1.7bn (€1.9bn) takeover of Virgin Money, marking one of the first major banking deals since the financial crisis.

The Bank of America Tower in Charlotte, North Carolina

World

Bank of America reports better-than-expected rise in profit as lender reins in costs

Bank of America reported a better-than-expected rise in quarterly profit on Monday as the second-largest US lender reined in costs, while higher interest rates and loan growth helped offset lower bond trading revenue.

Ireland has the highest switching rate in Europe. Stock photo: PA

Latest News

Revealed: Record number of householders switch gas supplier to get better value

A record number of householders switched gas supplier last year, but more consumers have been...

A Sears store scheduled for closure in Overland Park, Kansas (Charlie Riedel/AP)

World

Century-old US retailer Sears files for Chapter 11 bankruptcy

Sears filed for Chapter 11 bankruptcy on Monday with a plan to close 142 more stores.

A woman walks past a branch of Patisserie Valerie in London. Photo: Reuters

World

Scandal-hit Patisserie spent undisclosed £10m overdraft

Patisserie Holdings spent a previously undisclosed £10m (€11.4m) overdraft before an accounting scandal erupted last week, and then passed-up on a rescue deal that would have protected small shareholders, UK newspapers reported yesterday.

Claire’s is thought to be looking at restructuring its store estate (Kirsty O’Connor/PA)

World

Troubled accessories chain Claire's considering raft of store closures in potential restructure

Claire's is considering a raft of British store closures as the troubled fashion accessories chain becomes the latest high street firm to show signs of distress.

Most Read
Most Shared

Photo: REUTERS

House sales to UK buyers climb as 'Brexit refugees' outbid Irish-based homebuyers Brexit

Under fire: Arlene Foster’s appearance at the Donegal v Fermanagh GAA match in June is still proving contentious among DUP members. Photo: Ramsey Cardy/Sportsfile

Theresa May rejects Brexit deal done by UK officials over cabinet revolt fears Brexit

Tánaiste Simon Coveney Photo: Mark Condren

Brexit talks: Simon Coveney 'frustrated and disappointed' as he calls on Theresa May to... Brexit

Patrick Coveney, CEO of Greencore

Irish food supplier Greencore to sell entire US business for €927m Business

Concern: Denis Naughten told bidder that it was being too conservative

Denis Naughten warned broadband bidder that costs and revenue were 'too conservative' News

Tony Ferguson (left) in action against Anthony Pettis

Joe Brolly: The time has come to call a halt to the UFC's bloody freak show MMA

Dave Taylor Picture: Damien Eagers

Disgraced Garda Supt David Taylor set to retire on full pension Irish News

Harry and Meghan Photo: Chris Jackson/PA Wire

Meghan Markle expecting first child with Prince Harry Celebrity News

Photo: REUTERS

House sales to UK buyers climb as 'Brexit refugees' outbid Irish-based homebuyers Brexit

WATCH: 'I'm actually mortified' - Does this toddler have the strongest Cork... Have You Seen

Business Newsletter

Editor's Choice

Slow lane: Gerry and Irene Rice at their corner shop in Maugherow, Co Sligo. Photo: Damien Eagers

Out of order: Sligo shopkeepers count the cost of slow connection

Simple tasks such as taking card payments or processing...

Pictured in Strandhill, Co Sligo, are Overstock’s Sophia Price, software developer; David Kenny, director of software development; Stephen O’Connor, senior software tester; and Lucia Macari, development team lead.

Wild Atlantic Way tech buzz pushing back on narrative that Rural Ireland is closing down

Dublin is not the only show in town. That’s becoming...

Denis Naughten had pledged that no matter how far people are from Leinster House they will have access to highspeed broadband

The Big Tech Show: A broadband clusterf***...what happens now?

In a week that saw the resignation of the Minister...

WATCH: Independent News & Media's Budget 2019 breakfast event

Ray MacSharry, Minister for Finance, holds aloft the Budget Bag.

In Pictures: It's Budget 2019 - but here is 'Budget Day' down through the years

First-time buyers (Stock photo)

Breaking First-time buyers in Ireland paying multiples more for mortgage than European...

First-time buyers here are paying multiples...

Irish

Jenny Radcliffe at the 2018 Information Sec in the RDS

Dublin Information Sec

Human beings are the biggest vulnerability in company's cybersecurity defences - Channel 4's 'Hunted' star Jenny Radcliffe

Rising interest rates are expected to cool the market for wind farms

IT disposal company AMI to grow market share by 20pc following secure certification

Irish Distillers to pour €150m into whiskey expansion

[TICON-A VIDEO] Hoteliers not feeling hospitable about Paschal Donohoe's half-billion hit

Tesla company cars take a hit in Budget as electric benefit-in-kind perk capped

Desperation mounts in Montrose as cash appeals fall on deaf ears

Irish

IT disposal company AMI to grow market share by 20pc following secure certification

World

The Bank of America Tower in Charlotte, North Carolina

World

Bank of America reports better-than-expected rise in profit as lender reins in costs

Bank of America reported a better-than-expected...

Unseasonably warm weather sparks profit warning from Superdry clothing group

Century-old US retailer Sears files for Chapter 11 bankruptcy

Scandal-hit Patisserie spent undisclosed £10m overdraft

'Winter is coming,' warn finance chiefs

China exports surge, creating record surplus with US despite tariffs

Patisserie warns it will go under without capital injection

World

A Sears store scheduled for closure in Overland Park, Kansas (Charlie Riedel/AP)

Century-old US retailer Sears files for Chapter 11 bankruptcy

Technology

Jenny Radcliffe at the 2018 Information Sec in the RDS

Dublin Information Sec

Human beings are the biggest vulnerability in company's cybersecurity defences - Channel 4's 'Hunted' star Jenny Radcliffe

Irishman's fund backs hot tech startup Pitch

First Derivatives catches eye of British short seller Shadowfall

Out of order: Sligo shopkeepers count the cost of slow connection

App lets parents track children's driving

God help rural broadband plans

Adrian Weckler: After Naughten's resignation, what next for the National Broadband Plan?

News

Slow lane: Gerry and Irene Rice at their corner shop in Maugherow, Co Sligo. Photo: Damien Eagers

Out of order: Sligo shopkeepers count the cost of slow connection

Jobs

The Central Bank .. Photo: PA Wire

Jobs

Brexit the big cloud in bank's forecasts for jobs and growth

THE Central Bank has laid out a rosy economic forecast, with continued growth and tens of thousands more people in work over the next...

CIX expands with €6m investment

Spar boss warns on city staff crisis as it expands

US tech company to create 100 jobs in Sligo

Youth Council calls for €22m apprenticeship boost to lift job figures

Manufacturing growth dips but still outperforms eurozone

Should you Invite Your Colleagues to Your Wedding?

Jobs

Pictured in Strandhill, Co Sligo, are Overstock’s Sophia Price, software developer; David Kenny, director of software development; Stephen O’Connor, senior software tester; and Lucia Macari, development team lead.

Stock take: Tech company Overstock to create 100 jobs

Personal Finance

Ireland has the highest switching rate in Europe. Stock photo: PA

Latest News

Record number of householders switch gas supplier to get better value

A record number of householders switched gas supplier last...

Drivers hit by fuel price hikes but pay less than many in EU

Wild geese to return early - but it's not clear where we are going to put them

Budget picks

Payroll levies still leave well-paid and low earners out of pocket

Minister failed to focus in on runaway rents and easing the housing crisis

More needs to be done to help even the playing field for self-employed workers

Property & Mortgages

First-time buyers (Stock photo)

Breaking First-time buyers in Ireland paying multiples more for mortgage than European average

Small Business

Mark O'Rourke, MD of Bibby. Photo: Andres Poveda

Brexit

SMEs warned not to rely on UK partners to cope with Brexit

Irish firms are being warned that their ability to cope with Brexit could be undermined because of their UK-based suppliers and customers' lack...

Economic data and sentiment are becoming detached

Your Business: Boost your conversion rate

No SMEs have taken up shares deal: IPSA

Focus on building a team that knows the importance of satisfied customers

Small firms fear Brexit tariffs and CAP budget cuts

Hban’s medtech syndicate leads €1.1m investment in Ostoform

Small Business

Stock image

Economic data and sentiment are becoming detached

Commercial Property

The headquarters of New Ireland Assurance on Dawson Street in Dublin 2. The addition of the property to the Record of Protected Structures is being considered by Dublin City Council. Paddy McKillen Jr’s Press-Up Entertainment paid €38m to acquire the property in the sought-after central business district

Commercial Property

City Council's move to protect New Ireland HQ could limit McKillen plan

A reported plan by developer Paddy...

Glenveagh remains bullish in face of share price fall

WK Nowlan chief: PRS may still see a stamp duty hike

McKillen Jr faces New Ireland HQ challenge

Silicon Docks to see the biggest Brexit bounce

Residential developers join the race for industrial properties

Galway housing portfolio at €1.6m to draw developers and investors

Commercial Property

All 262 apartments at Fernbank in Dublin were acquired by Irish Life in a €120m private rented sector (PRS) deal

WK Nowlan chief: PRS may still see a stamp duty hike

Media & Marketing

'Despite the downside risks to the marketplace from Brexit, the implications for marketing functions in Ireland are, on balance, quite positive.' Stock photo: PA Wire/PA Images

Media & Marketing

Brexit spectre stalks Irish marketing world, but it's not all doom and gloom

At this time of the year, many Irish marketers are probably...

AIB backs belief in mortgage war

The art of upselling to your customers

Sunday Business Post buyer hints at digital TV future

Chance joins Independent business team

Belfast News owner puts itself up for sale

Virgin blasts €8.6m in extra Budget funding for RTÉ

Media & Marketing

Matthew Iles, CEO of The Civil Media Company

Blockchain-powered journalism needs more than Civil discourse

Switching Saturday

Switching Saturday

Take charge: Cut banking fees by moving current account

In the first half of 2016, just 3,600 of us, or 0.06pc, switched our current account to another bank.

With car insurance premiums still rising, is it worth switching?

TV and broadband: Best value is a combined broadband offer

Don't get left out in the cold with price hikes

Healthy savings

Don’t fall into the trap of over-insuring

Homing in on savings: Financial rewards for changing mortgage are worth it

Switching Saturday

Research shows that just one in seven of us bothered to ditch our mobile-phone provider for another one. Stock image

Save €300 a year by changing mobile phone provider

Sponsored Features

You could win €747m in lottery prizes this week, without leaving Ireland

What would you do if you won a lottery...

Kreativ Dental owner Attila Knott with the ITMJ Award

International Dental Clinic of the Year 2018 winner announced

A Hungarian dental clinic that has become a...

A relaxing and calm atmosphere at Keativ Dental Clinic

Make September all about you

For many, September offers the opportunity to make a fresh start when it comes to healthy habits and feeling...

Helping you to find your fit

An expert reveals what to consider when thinking about your next career step.

Live life and treat yourself, guilt-free

How often do you treat yourself? Perhaps it’s something you seldom do, or...

Daniel Goulding lifts the Sam Maguire for Cork in 2010. Photo: Dire Brennan

Win a training session for your GAA team with All-Ireland winning Cork footballer,...

How would your GAA club like an All-Ireland...

Calm After the Wild

This summer, fall under the spell of the west coast wilderness of North Mayo while enjoying the calm and...

Ireland’s rivers, lakes and beaches: natural treasures for us all to enjoy

You might like to walk along a beach or...

Rethinking consumption- our choices can make a difference

The 3 Rs, Reduce, Reuse, Recycle, are well known as the mantra of...