Business News

Irish-listed Amryt Pharma posted operating losses before tax of €7.8m following a number of strategic acquisitions over the course of 2016. The company said that it had signed an exclusive licensing agreement with Aegerion Pharmaceuticals in December, which it said could have a transformational effect on the business. Amryt specialises in creating drugs to treat […]

A war of words has erupted over estate agent Lisney’s role in an apparently damning report into Nama. Lisney has distanced itself from the report that claimed taxpayers lost out on €18bn because Nama sold off properties too cheaply and too early. The ‘Sunday Business Post’ reported that the report into Nama was “prepared by […]

Taoiseach Enda Kenny insists he is confident that Ireland’s interests will be reflected in the draft Brexit negotiating guidelines due to be published by Brussels. With the formal divorce process now under way, European Council President Donald Tusk will set out the bloc’s priorities for the talks, which the Government expects will make reference to […]

Taoiseach Enda Kenny insists he is confident that Ireland’s interests will be reflected in the draft Brexit negotiating guidelines due to be published by Brussels. With the formal divorce process now under way, European Council President Donald Tusk will set out the bloc’s priorities for the talks, which the Government expects will make reference to […]

A state-rescued bank has been accused of exploiting its mortgage customers by offering those who want to fix an interest rate that is more than double what other banks are charging. The bank has a two-year fixed rate of 7.25pc for existing residential customers. Its three-year rate is 8.75pc. It comes as there are fears […]

A rush to get approved for a mortgage, with first-time buyers to the fore, is expected to push house prices up by 10pc this year. Changes to Central Bank lending rules and the introduction of the Government’s help-to-buy scheme at the start of the year have resulted in a surge in people applying to take […]

Irish Life has restated its commitment to the Dublin office market with a decision to pre-fund the €125m development of 13-18 City Quay in the docklands. The 118,000sq ft office building – which will be built by Bennett Construction – has been pre-let to business advisory specialists Grant Thornton, and ownership of the property will […]

With only a month left for taxpayers to make voluntary disclosures about offshore assets, there’s likely to be a surge in calls to the Revenue Commissioners’ dedicated helpline in coming weeks. Revenue Commissioners said yesterday that about 2,000 calls have so far been made to its helpline, which was established after Finance Minister Michael Noonan […]

Labour costs in Ireland are rising at one of the slowest rates in the EU despite the country’s strong economic performance. Ireland is currently the fastest-growing economy in western Europe, yet the latest data from Eurostat shows that wage costs in the country rose by just 1.1pc in the last three months of last year. […]

Ireland is one of the countries “leading the race to the bottom” in the facilitation of global tax avoidance, according to a new report from charity group Oxfam. Oxfam said there “is strong evidence” that Ireland is aiding significant corporate-tax-avoidance schemes for European banks. In a report titled ‘Opening the Vaults’, researchers at Oxfam, in […]