Category: Business News

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 […]

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

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 […]

Read More… from Over 70% of businesses plan to increase staff salaries in 2024

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 […]

Read More… from PTSB reports 10% increase in Q1 net interest income

Private healthcare has come under the spotlight of late with the sale of the Beacon Hospital in Dublin and the planned move by Aviva back into the health insurance market. It comes at a time of sharp medical cost inflation and an apparent stalling in the proportion of the population holding private health insurance. However, […]

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The banking industry is warning people who have previously fallen victim to investment fraud about new scams where the fraudsters are promising to recover their lost money. The scam is particularly being targeted at people over the age of 50. The Banking and Payments Federation Ireland’s FraudSMART campaign says it is seeing growing numbers of […]

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New figures from the Central Statistics Office show that the public-private pay differential on average ranged from 0.9% to a decrease of 6.6% in 2022. The CSO said that trends in the public-private pay differential show that public sector employees on higher incomes are worse off in terms of gross pay in comparison with private […]

Read More… from Public-private pay differential ranged from 0.9% to – 6.6% in 2022

Homebuilder Glenveagh Properties said its forward order book now stand at €963m, up from €805m at the end of February. In a trading statement issued ahead of the company’s AGM in Dublin today, Glenveagh said it was well positioned to deliver over 2,700 new homes across its three business segments in 2024. It noted that […]

Read More… from Glenveagh Properties set to build over 2,700 homes this year

AIB said its total income increased by 18% in the first quarter of the year on the back of the higher interest rate environment and after what it called “a very strong first quarter performance”. In an interim management statement ahead of its AGM today, AIB said its Net Interest Income was 27% higher in […]

Read More… from AIB’s first quarter income up by 18% due to higher interest rates

Smurfit Kappa shares rose this morning after its first quarter core profit fell sharply year-on-year but was higher than the final quarter of 2023 when it had signalled a dip in demand for packaging was at an end. Smurfit Kappa, Europe’s largest paper packaging producer, posted a 16% year-on-year fall in core profit to €487m […]

Read More… from Smurfit Kappa posts 16% drop in first quarter profit

Trade unions will mark May Day today which is celebrated as International Workers’ Day. A rally and march will be held this evening at the Garden of Remembrance in Dublin. Ireland’s first ‘Trade Union Week’ began on Monday and includes a series of events to promote union membership. As part of the campaign, the Government […]

Read More… from Trade unions to mark International Workers’ Day with Dublin event