Business News

The initial shutdown of the construction sector for seven weeks during the initial stages of the Covid-19 pandemic knocked €2bn off construction output last year. That is according to a report carried out by EY DKM on behalf of the Construction Industry Federation.  Analysing official data, the report concluded that the shutdown – which started […]

Homeowners could face increased buildings insurance premiums because of a hike in the cost of rebuilding a home, according to a report from the Society of Chartered Surveyors. The latest Guide to House Rebuilding Costs shows that the national average outlay associated with rebuilding has increased by an average of 7.3% over the past 18 […]

The Minister for Finance, Paschal Donohoe, has confirmed that the three banks in which the state has shares utilised loss reliefs of almost €500m against their corporation tax bill over a three year period. In a written Dail reply to Labour Finance spokesman, Ged Nash, Minister Donohoe confirmed that AIB, Bank of Ireland and Permanent TSB (PTSB) have utilised tax losses of €493m against their corporation […]

Britain has delayed by around six months its plans to introduce a range of post-Brexit border checks on goods imported from the European Union, saying it had listened to businesses which needed more time to prepare. The immediate introduction of checks and paperwork on goods exported from Britain into Europe has delayed the arrivals of […]

The European Central Bank has left its key interest rates unchanged after today’s Governing Council meeting. However, the ECB has said it expects to buy bonds under its Pandemic Emergency Purchase Programme (PEPP) “…at a significantly higher pace than during the first months of this year.” The size of the PEPP at €1.85 trillion remains […]

The European Central Bank has left its key interest rates unchanged after today’s Governing Council meeting. However, the ECB has said it expects to buy bonds under its Pandemic Emergency Purchase Programme (PEPP) “…at a significantly higher pace than during the first months of this year.” The size of the PEPP at €1.85 trillion remains […]

Almost two thirds of chief executives here believe that their companies will end up paying more tax as a result of policy changes to address rising debt levels arising from the pandemic. It’s one of the findings in PwC’s latest Irish and Global CEO survey. The company canvassed the views of over 5,000 company CEOs […]

Applications for the €60m Small Business Assistance Scheme for Covid-19 have opened today.  The SBASC scheme is in addition to the package the Government has put in place to help businesses and workers during the pandemic. These other supports include the Employment Wage Subsidy Scheme (EWSS), the Pandemic Unemployment Payment (PUP), the Covid Restrictions Support […]

Applications for the €60m Small Business Assistance Scheme for Covid-19 have opened today.  The SBASC scheme is in addition to the package the Government has put in place to help businesses and workers during the pandemic. These other supports include the Employment Wage Subsidy Scheme (EWSS), the Pandemic Unemployment Payment (PUP), the Covid Restrictions Support […]

A third of the world’s biggest banks still have no board members with professional technology experience, skills needed to help lenders make better decisions as they increase investments on IT, a new study by consultancy Accenture showed today.  Accenture analysed almost 2,000 directors at more than 100 large banks. It found that only 10% of […]