People count more than numbers

Oil slips on signs of weak fuel demand, strong dollar

Oil prices extended declines today amid signs of weak fuel demand and as comments from US Federal Reserve officials dampened hopes of interest rate cuts, which could slow growth and crimp energy use in the world’s biggest economy. Brent crude futures slid seven cents (0.1%) to stand at $82.72 a barrel this morning, while US […]

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UK exits recession with better-than-expected 0.6% GDP growth

Britain’s economy grew by the most in nearly in three years in the first quarter of 2024, ending the shallow recession it entered in the second half of last year and delivering a boost to Prime Minister Rishi Sunak ahead of an election. The Office for National Statistics said UK gross domestic product expanded by […]

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Inflation rate slows to 2.6% in April from 2.9% in March – CSO

Inflation in Ireland rose by 2.6% in the 12 months to April, according to the latest figures from the Central Statistics Office, down from the rate of 2.9% the previous month. However when energy and unprocessed foods are excluded, the inflation rate stood at 3.5%. The difference reflects the fact that consumers have benefitted from […]

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Just 13% of prospective homebuyers think over the next year a good time to buy

Almost 80% of prospective homebuyers are worried about the state of the property market, new data shows. The consumer sentiment research from property website MyHome.ie reveals that just 13% believe the next year would be a good time to buy. Meanwhile, nearly half said the cost of living crisis has meant they have had to […]

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Over 70% of businesses plan to increase staff salaries in 2024

Over 70% of businesses expect to increase salaries this year, while 40% plan to hire more staff, new data shows. The latest KPMG Enterprise Barometer reveals overall optimism among Irish businesses, with 65% expecting turnover to increase in the next 12 months However, those surveyed highlighted a number of challenges facing businesses this year, with […]

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PTSB reports 10% increase in Q1 net interest income

PTSB said today it had recorded a strong financial performance in the first quarter of 2024, including an increase in net interest income and a doubling of business lending. In an interim management statement today, the bank said its mortgage market share during the three months from January to March declined slightly from the fourth […]

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