Business News

Construction PMI sees first rise in four months

10th September 2019

Construction PMI sees first rise in four months Construction activity picked up for the first time in four months in August – normally a quiet month for the industry – the latest Construction Purchasing Managers Index from Ulster Bank shows. The construction PMI rose to 53.7 in August from 51.4 in July. Ulster Bank said […]

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Live Register continues downward trend – CSO

9th September 2019

Live Register continues downward trend – CSO The number of people signing on the Live Register fell again in August to the lowest level since early 2008, the latest figures from the Central Statistics Office show. The Live Register total recorded a monthly decrease of 1,500 – down 0.8% – last month, which brought the […]

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Big investment banks have worst start to year since 2006

9th September 2019

Big investment banks have worst start to year since 2006 The world’s largest investment banks have had their worst start to a year since 2006, according to the latest data published by industry analyst Coalition today. In the first six months of 2019 investment banks reported revenues of $76.8 billion, down 11% on the previous […]

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Business confidence sinking on Brexit concerns – IoD

9th September 2019

Business confidence sinking on Brexit concerns – IoD A new survey shows that business confidence has been severely impacted by the political and economic uncertainty surrounding Brexit. The latest quarterly survey from the Institute of Directors in Ireland shows that the uncertainty evident over the past 12 months has intensified. It also reveals that 89% […]

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84% of Irish consumers own a smartphone – ComReg

6th September 2019

84% of Irish consumers own a smartphone – ComReg A new survey from ComReg shows that 84% of the population here own a smartphone, with two thirds of these using Google’s Android operating system, while the remainder are using Apple’s iOS. The survey was released ahead of ComReg’s national conference on the Digital Society tomorrow. […]

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ECB President hopeful supports bank’s current stance

6th September 2019

ECB President hopeful supports bank’s current stance The nominee to be the next President of the European Central Bank, Christine Lagarde, has said she supports the current stance of the ECB. The ECB maintains that “a highly accommodative policy stance is warranted for a prolonged period of time in order to bring inflation back to […]

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Number of bankruptcies increase here – ISI

6th September 2019

Number of bankruptcies increase here – ISI New figures published today show that so far this year, a total of 183 people were adjudicated bankrupt in Ireland. The figures from the Insolvency Service of Ireland show that 2,323 people were adjudicated bankrupt from January 2014 to December 2018. This compares to a total of 225 […]

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‘Bankers are well paid’ – minister says salary cap will stay in place

4th September 2019

‘Bankers are well paid’ – minister says salary cap will stay in place Restrictions on banker pay imposed in response to the financial crisis will not be changed, Junior Finance Minister Michael D’Arcy has said. “I’m of the view the decision is made,” Mr D’Arcy said in a Bloomberg TV interview in Hong Kong. “The […]

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UK manufacturing output hits seven year low amid Brexit uncertainty

4th September 2019

UK manufacturing output hits seven year low amid Brexit uncertainty UK manufacturing output tumbled at the fastest rate in seven years in August, as Brexit uncertainty and the global economic slowdown hit demand. The IHS Markit/CIPS UK manufacturing purchasing managers’ index (PMI) fell to 47.4 in August, down from a reading of 48 in July. […]

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Unemployment rate dips to 5.2% in August – CSO

4th September 2019

Unemployment rate dips to 5.2% in August – CSO The unemployment rate fell marginally in August, according to the latest figures from the Central Statistics Office. The latest monthly unemployment figures show unemployment at 5.2%, down from 5.3% in July. The CSO said there were 126,000 people unemployed last month, down 6,400 compared to August […]

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