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Ireland's premier news website providing news and sports reports.



 



US GDP growth better than expected

Fri, 30 Sep 2016 12:00:00 GMT

US economic growth was less sluggish than previously thought in the second quarter as exports grew more than imports and businesses raised their investments, hopeful signs for the economic outlook.

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Construction Industry Federation warns of ‘permanent low growth’

Fri, 30 Sep 2016 12:00:00 GMT

Significantly increased infrastructure investment — starting in next month’s budget — is needed in order to avoid much of the country, outside of the Greater Dublin area, being saddled with permanently-low growth levels.

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Signs of growth in euro economy

Fri, 30 Sep 2016 12:00:00 GMT

Economic sentiment in the eurozone was much better than expected in September thanks to a rebound of confidence in industry in the biggest economies, data from the European Commission showed yesterday.

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Mail newspapers to axe 400 jobs

Fri, 30 Sep 2016 12:00:00 GMT

The owner of the Daily Mail and The Mail on Sunday is axing 400 jobs as it battles against plunging advertising sales.

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Deutsche Bank AG: ‘Bust followed by boom’ for UK offices

Fri, 30 Sep 2016 12:00:00 GMT

Central London’s best offices may lose as much as 30% of their value by the end of next year before the UK bounces back to beat continental Europe for the rest of the decade, according to Deutsche Bank AG.

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UK mortgage approval levels fall to two-year low

Fri, 30 Sep 2016 12:00:00 GMT

British lenders approved the fewest mortgages in nearly two years last month as the UK housing market continued to slow after June’s vote to leave the EU, raising the chance of an outright fall in prices next year.

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IMF warns mortgage limits must stay in place

Fri, 30 Sep 2016 12:00:00 GMT

The Central Bank’s mortgage lending rules should be maintained to help head off the boom-bust economic cycles that have plagued Ireland and brought the country to its knees during the recession, the IMF has warned.

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UK think-tank calls for Brexit clarity

Fri, 30 Sep 2016 12:00:00 GMT

Britain needs to begin explaining its Brexit strategy to avoid prolonged uncertainty for businesses and negotiating partners, a London-based think tank said yesterday, warning that internal squabbling risked undermining the British government’s position.

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Risk to Celtic Linen’s 380 jobs

Fri, 30 Sep 2016 12:00:00 GMT

A company which has been a market leader in the supply of linen to hotels, hospitals and the HSE, has gone into examinership, the High Court was told yesterday.

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Providence Resources feels ‘renewed optimism’ as losses narrow

Fri, 30 Sep 2016 12:00:00 GMT

Exploration company Providence Resources said it has entered the second half of the year with “renewed optimism” after seeing a near halving of its first-half losses and carrying out a company-saving funding round.

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Budget can help boost Ireland’s attractiveness

Fri, 30 Sep 2016 12:00:00 GMT

With less than two weeks to go to Budget 2017, the speculation about what it might contain is intensifying. Nothing terribly unusual in that, but some of the suggestions doing the rounds are somewhat bewildering.

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Budget can help boost Ireland’s attractiveness

Fri, 30 Sep 2016 12:00:00 GMT

With less than two weeks to go to Budget 2017, the speculation about what it might contain is intensifying. Nothing terribly unusual in that, but some of the suggestions doing the rounds are somewhat bewildering.

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Mario Draghi defends ECB policies in face of German criticism

Thu, 29 Sep 2016 12:00:00 GMT

European Central Bank (ECB) president Mario Draghi defended his stimulus policies to critical lawmakers in Berlin, yesterday, while reaffirming the urgency to step up structural reforms.

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American Soybean Association group keeps eye on mergers

Thu, 29 Sep 2016 12:00:00 GMT

American Soybean Association is reviewing likely impacts on farmers of Bayer’s plan to acquire Monsanto.

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Calls for EU’s €11m aid to go to tillage and dairy

Thu, 29 Sep 2016 12:00:00 GMT

Tillage farmers must be prioritised for the European Commission’s €11m agricultural aid package, said Mairead McGuinness MEP and vice-president of the European Parliament.

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Opec agrees oil output cut

Thu, 29 Sep 2016 12:00:00 GMT

Opec last night agreed to a preliminary deal that will cut production for the first time in eight years.

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Origin Enterprises eyes more deals as profits collapse

Thu, 29 Sep 2016 12:00:00 GMT

Dublin-headquartered agri-services group Origin Enterprises said it remains on the lookout for more international acquisitions, even after seeing its annual profits plummet by nearly 26%.

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Cork needs to make agrifood dream a reality

Thu, 29 Sep 2016 12:00:00 GMT

I’d like to outline an argument about why Cork city should be a stand-out agrifood industry hub and be recognised as such internationally.

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Cork needs to make agrifood dream a reality

Thu, 29 Sep 2016 12:00:00 GMT

I’d like to outline an argument about why Cork city should be a stand-out agrifood industry hub and be recognised as such internationally.

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Apple’s London move seen as a post-Brexit lift for the UK

Thu, 29 Sep 2016 12:00:00 GMT

Technology giant Apple yesterday said it is moving its London headquarters to the landmark Battersea Power Station, a move hailed by the UK government as a sign that major firms are still investing after the Brexit vote.

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August retail sales dip 4.7% as car sales decline

Thu, 29 Sep 2016 12:00:00 GMT

Slowing car sales last month following an initial surge in demand for 162 number plates in July contributed to a 4.7% decline in retail sales during August.

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Stellar line-up fails to boost Aviva Stadium profitability

Thu, 29 Sep 2016 12:00:00 GMT

The return of top-drawer concerts and the Irish soccer team’s momentous qualifying campaign for last summer’s European Championships weren’t enough to boost profits at Dublin’s Aviva Stadium last year.

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Germany denies Deutsche Bank rescue plans

Thu, 29 Sep 2016 12:00:00 GMT

The German government denied it was working on a rescue of Deutsche Bank as Germany’s biggest lender boosted its balance sheet by selling its British insurance business yesterday.

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CEOs: Next 3 years more important than last 50

Thu, 29 Sep 2016 12:00:00 GMT

A significant majority of Irish chief executives believe the next three years will be more important for their industry than the previous 50 as they struggle to keep pace with rapidly-changing work environments.

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PayPal’s Irish profits halve to €5.8m

Thu, 29 Sep 2016 12:00:00 GMT

Pre-tax profits at the main Irish arm of online payments facilitator PayPal last year more than halved to €5.8m.

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Providence Resources names former Tullow executive Pat Plunkett as chairman

Wed, 28 Sep 2016 12:00:00 GMT

Providence Resources — the Tony O’Reilly Jr-led exploration company — has named former Tullow Oil senior executive Pat Plunkett as its chairman.

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Sale of Merchants Quay units could fetch €12.5m

Wed, 28 Sep 2016 12:00:00 GMT

The investment sale of 29 shop units in the Merchants Quay Shopping Centre, on Cork City’s Patrick Street, is expected to make more than €12.5 million, with buying interest likely to come from a range of skilled retail asset investors.

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Premiums set to rise further as insurers’ motor losses total €273m

Wed, 28 Sep 2016 12:00:00 GMT

Motorists are likely to be hit with further insurance price hikes over the coming months after the country’s insurers made a combined loss of more than €273m last year.

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Connecting Cork tells London launch that city means business post-Brexit

Wed, 28 Sep 2016 12:00:00 GMT

Cork Chamber launched a major initiative in London last night to showcase opportunities in what will be the second largest English-speaking city in the EU post-Brexit.

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Banks are researching Dublin move, claims Central Bank governor Philip Lane

Wed, 28 Sep 2016 12:00:00 GMT

Central Bank governor Philip Lane said banks have already begun exploring the possibility of moving activities to Dublin following Britain’s vote to leave the EU, which may jeopardise London’s right to sell financial services across Europe.

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