Business News

Sailings into and out of Holyhead Port have resumed this morning, after a temporary closure due to damage caused by Storm Darragh in early December. Of the two ferry berths that were damaged, one has reopened. However, Holyhead Port has insisted that it will still be able operate at full volume by altering its schedule.…

Wind and solar farms have saved Irish consumers a total of €840 million since the year 2000, according to new research for Wind Energy Ireland. This is despite over €6 billion having to be invested in network costs and government subsidies to develop the renewables sector throughout that period. The analysis suggests a further €640…

Land sales worth just over €900m were completed across the country last year, new figures show. This is nearly three times the total spend recorded in 2023, but still slightly below the ten-year annual average. The figures from CBRE Ireland show that over €415 million of transactions were recorded between October and December 2024. This…

The Sustainable Energy Authority of Ireland (SEAI) has said it disbursed a record €616 million in grants and supports for energy upgrades and clean energy projects last year. This represented a 13% increase in activity by the national energy authority in 2024. Two thirds of the funding, or €420 million, was allocated to 54,000 home…

The incoming government intends to cut the VAT rate to 9% for food-based hospitality, entertainment and hairdressing in the next budget. It is also understood the new programme for government will contain a commitment to continue work on enacting the Occupied Territories Bill. The move follows commitments in the document, which will be published later…

There has been a 40% drop in public liability claims between 2019 and 2023, the body which resolves personal injury claims has said. The development follows the introduction of new guidelines in 2021 recommending lower awards for many injuries and new anti-fraud measures. Close to half of all trip, slip and fall accidents occurred on…

The US government said it would further restrict artificial intelligence chip and technology exports, divvying up the world to keep advanced computing power in the US and among its allies while finding more ways to block China’s access. But Ireland and a number of other countries including the UK and the Netherlands will essentially be…

New figures show that, as expected, Monday 23 December was the most popular shopping day of 2024, with consumers spending €107m on that one day alone, an increase of €11.9m on the busiest trading day in 2023. The latest figures from Kantar show that take-home value sales over the four weeks to 29 December increased…

China’s exports gained momentum in December, with imports also showing recovery, though strength at the year-end was in part fuelled by factories rushing inventory overseas as they braced for heightened trade risks under a Trump presidency. Exports have been a vital growth engine for the $18 trillion economy, which is still burdened by a prolonged…

Irish food and drink makers feel “broadly positive” about current economic conditions, but the mood is slightly less positive than other industries, and likely to turn more negative in the months ahead. That is according to Food Drink Ireland, which is part of business group Ibec. Food Drink Ireland’s latest report found that 58% of…