Adding up: Mary Clarke, a volunteer Clontarf at Credit Union, and other parents have introduced the idea of saving with the credit union to Conor Lynch and others in Belgrove Senior Boys School. photograph: brenda fitzsimons

The credit union movement has changed utterly since the recession but hopes to emerge stronger than ever

Ed Farrell, chief executive of the ILCU, says that stimulating demand for lending is one of the credit union sector’s greatest challenges at present. Photograph: Frank Miller

According to the Irish League of Credit Unions’ review, loans fell by €166m

While we await next week’s pronouncements, it’s a good time to consider a range of financial experiences across Ireland

On Thursday, some €1bn in the 2.40% Treasury Bond 2030 will be auctioned at 8am, and will be confined to recognised primary dealers. (Photograph: Simon Dawson/Bloomberg)

Last auction of the year will see state agency sell €1bn in 15-year bonds

Credit union sector: it continues to lobby the Government over new Central Bank regulations it deems unfair. Photograph:  Colin Keegan

Irish League of Credit Unions appoints consultant to undertake review of movement

Irish tax policy must ensure that Ireland remains a competitive location for foreign direct investment,  Lorraine Griffin, head of tax with Deloitte said.

Ireland ‘needs to end its dependence on multinationals’

Dalata held its recent agm  in the Clyde Court Hotel, Dublin, formerly the Berkeley Court. The hotel is set to close for re-development from the end of the year. (Photograph: DAVE MEEHAN)

Ballsbridge hotel will close on January 1st to allow construction begin

Parkside is a development by Cairn Homes that when completed will comprise some 400 A-rated houses at Clongriffin, Dublin 13.  Prices in Phase 1 ranged from € 299,000-€ 325,000 for a three-bedroom, with four-bedroom houses on sale for between € 345,000-€ 385,000.

Developer achieves average sale price of €342,000 and puts another 30 on the market as Phase 1 sells out

Many people are entitled to claim tax relief on work related expenses, be they uniforms or tools, while others can claim a certain cash amount towards expenses when travelling for work – whether they actually spend the full amount or not

Under Revenue rules you are allowed to claim for the past four years

Dermot Smurfit led company is focusing more on simulated gaming as US remains slow to deregulate

Aryzta CEO Owen Killian said that the group’s focus is now on delivering the underlying revenue growth potential of the business. (Photograph: Cyril Byrne / The Irish Times)

CEO says group hopes to build on revenue growth potential in 2016

Financial planning: getting a clear and realistic picture of your goals is essential. Photograph: Thinkstock

Investors can withstand volatility by having a well-diversified portfolio, say experts

Mr. O’Brien, the company’s founder and chairman of the board of directors, will have about 94 per cent of the voting power of the company after the IPO. (Photograph: Swoan Parker/Reuters)

Telecoms group sets range at $13-$16 a share; company will retire up to $1.3bn in debt after IPO on New York Stock Exchange

Ireland has moved into the top ten of the world’s most innovative economies. Switzerland, the UK, Sweden, the Netherlands and the US are the world’s five most innovative nations, according to the index.

Switzerland holds onto the top spot as Ireland advances three places in Global Innovation Index 2015

As banks continue to offer their best mortgage rates to homeowners who are willing to lock into fixed rates, new data from the Central Bank shows that the number of outstanding fixed rate loans showed a marked increase in the second quarter.

Figures from Central Bank show homeowners are responding to fixed rate offers from lenders

After 23 years with UDG Healthcare, chief executive Liam Fitzgerald is to step down from the role in March 2016. (Photograph: Eric Luke / The Irish Times)

LloydsPharmacy owner will pay €407.5m for the business; UDG CEO Liam Fitzgerald to step down in March 2016

One51 chief executive Alan Walsh. The company said on Friday that it has acquired a UK company which it will integrate into its environmental-services division. (Photograph:DAVE MEEHAN)

Greenway Environmental Services provides industrial services in the north west

Two companies have announced plans to create 75 jobs in Cork, a data management service and the Department of Social Protection

Data management company to open Ballincollig office and department to develop jobs website

Women continue to underperform men in terms of pensions savings, with men accounting for about 70 per cent of all of Irish Life’s customers.

Residents of south Dublin area making the largest monthly pension contributions - survey

Review shows office space in the prime Dublin office market rose by 24 per cent in the 12 months to the end of June.

HWBC’s office market review expects rents to rise by a further 20 per cent in 2015

Financial sector support led to a substantial increase in government debt of around 20 per cent of GDP in Ireland, on a par with the level reached in Greece, Cyprus and Slovenia.

European governments have recovered just 40% of financial support offered to banking sector and Ireland is one of the worst perfor(...)

Moody’s said that the Irish RMBS market still displays higher delinquency ratios than its European peers. (Photograph: Scott Eells/Bloomberg/The Irish Times)

Quality of Irish mortgages continues to improve ratings agency says, but cautions that it’s being driven by restructurings

Zamano, the Dublin-listed provider of interactive applications and services to mobile devices, saw sales rise by 19.3 per cent in the first six months of its financial year on the back of strong third party (B2B) sales performance in the UK. (Photograph: Getty)

Mobile messaging company points to ‘challenging’ market in Ireland

Mick Power and his wife:  they are using to attract older foreign students, or graduates who come to Dublin for an internship, typically in their 20s and 30s

Airbnb income has always been taxable but the rent-a-room scheme is another story

While the internet is rife with stories of “mouse monitoring”, whereby the company will ring you if your mouse doesn’t move within a designated time, companies have many other ways of monitoring your performance

The numbers who work from home only are increasing – and fast

UnipolSai Assicurazioni has launched a Dublin based reinsurer, the first move outside of Italy for one of Europe’s largest non-life insurance groups.

UnipolRe to maximise capital efficiency under Solvency II for Italian non-life parent

According to new figures from the Central Bank, new lending to small and medium sized enterprises (SMEs) advanced by 32 per cent in the second quarter of 2015, driven by increased lending to the motor trade.

Lending advanced by 32% in Q2 but loan repayments continue to outpace new lending

The last census was held in April 2011. (Photograph: David Sleator/The Irish Times)

Supervisors to be paid €500 a week plus final payment of up to €1,300 for six-month contracts

Some 150,000 Irish people who went to Australia on a working holiday visa may be entitled to claim back an average tax refund of $,2600 (€1,614)

Up to 150,000 Irish people can claim back tax and pension refund for up to 10 years

AIB employees have voted to accept a 2 per cent proposal to increase basic pay by 2 per cent, backdated to January 1st 2015. (Photograph by Cyril Byrne/The Irish Times)

First pay rise since 2009 will apply to employees earning up to € 100,000

58 Northbrook Avenue, Ranelagh, Dublin 6. Lot 199, Reserve € 350,000, 3 Bedrooms

Five-bed in Brittas Bay sells for €290k, twice the reserve as others withdrawn unsold

Paddy Power Betfair will be headquartered in Dublin and is expected to maintain a significant presence in both Ireland and the United Kingdom. (Photograph: Matthew Lloyd/Bloomberg)

Bookmaker agrees terms of Betfair merger giving Paddy Power shareholders a 52% stake in new Dublin headquartered company

Petroceltic chief executive Brian O’Cathain. (Photograph: Sara Freund / The Irish Times)

Oil and gas exploration company says such a move would be ‘a regrettable waste of company funds’

Central Park office park in Leopardstown where Green Reit is reporting full occupancy and has construction underway on Block H. Photograph: Alan Betson/The Irish Times

‘Golden period’ for commercial property probably over, says executive chairman

Senan Murphy will assume the role of group finance director at construction group CRH from January 2016. (Photograph: Brenda Fitzsimons/The Irish Times)

Bank of Ireland’s Senan Murphy will join construction group in January

In Kilkenny, CipherTechs, the privately held information security services provider headquartered in New York, will establish its EMEA headquarters creating 36 new jobs over five years at its security operations centre. (Photograph: Brenda Fitzsimons/The Irish Times)

Call centre Eishtec to create 200 jobs in Clonmel call centre as Government reveals plan to create 25,000 new jobs in region

A ban on flat annual charges is set to come into force on July 1st next year but it is worth trying to save some money in the meantime. File photograph: Alan Betson/The Irish Times

Customers may see upward pressure on prices as operators prepare for new service

Albert Manifold, chief executive, CRH, said that the group’s acquisition of CRL is an “excellent operational fit” with the group’s US building envelope business.(Photograph: Cyril Byrne / THE IRISH TIMES)

Building materials group is forecasting full year earnings growth as it said it will acquire US glazing manufacturer for $1.3bn

Gavin Slark, Grafton chief executive officer, said that despite current challenges the group is “well placed to make further progress in the second half towards delivery of its medium term targets of a 7 per cent operating margin and 15 per cent return on capital employed.”(Photograph: Cyril Byrne / THE IRISH TIMES)

Builders merchanting group points to ‘siginficant increase’ in Irish revenues

Royal London’s Irish business reported a 31 per cent jump in new business in the first half of 2015, driven by strong growth in the company’s protection business.

UK mutual now has 9% share of Irish protection market

Home building group Cairn Homes said on Thursday it is considering acquiring 11 sites valued at €120m with a potential to build about 1,600 residential units. (Photograph: Alan Betson/The Irish Times)

Home builder’s Parkside development in Malahide to launch in September with selling prices to start at €315,000

IFG group chief executive Paul McNamara, said that the company’s “sharp strategic focus” on the retirement wealth market is delivering growth and improved performance.  (Photograph: Eric Luke / The Irish Times)

Financial services group grew operating profit by 12% in H1 as divestment of Irish insurance business nears completion

 Albert Manifold, chief executive, CRH, said that the group’s acquisition of CRL is an “excellent operational fit” with the group’s US building envelope business.(Photograph: Cyril Byrne / THE IRISH TIMES)

Building materials group is forecasting full year earnings growth as it said it will acquire US glazing manufacturer for $1.3bn (...)

Brian Keegan of Chartered Accountants Ireland says non-executive directors of non-commercial bodies are already entitled to claim tax relief on their expenses

Experts have called on Government to update rules on how people claim tax relief

Ryanair said it would immediately appeal the ruling, and estimates the potential liability will likely be less than €5m.

Ruling means that millions of passengers could be in line for a payout

An Enoc petrol station in Dubai: the company says it plans to delist Dragon Oil. (Photograph: Ali Haider/EPA)

Irish exploration company will delist from Iris Stock Exchange on September 7th

AIB says that some 110,000 customers may be entitled to a refund for the mis-selling of credit card protection insurance. (Photograph: Bryan O’Brien)

Bank will refund up to €128 for customers who were mis-sold credit card protection insurance

Irish engineering group Mincon grew revenues in the first half of 2015 by 40 per cent, but operating margin fell by 22 per cent due to a pressure on pricing. (Photograph: Eric Vidal/REUTERS)

Engineering group reports 40% jump in revenues but margins are hit by pricing pressures

Analog Devices in Limerick. On Wednesday the company said it would close its defined benefit pension scheme and invest €190m in a new defined contribution scheme. (Photograph: Press 22)

Limerick based company will invest €190m in converting to a defined contribution scheme

Siobhan Talbot, Glanbia managing director, said that the group’s first half year results show that its strategy is “on track”. (Photograph:v Dylan Vaughan)

Company’s half-year results show performance nutrition as biggest earnings contributor

Loans transacted during the first half of the year include the sale  by Permanent TSB of half of its UK residential portfolio to Cerberus for €3.5 billion. Photograph: Alan Betson

PwC study of year to June reveals banks in Ireland have allocated €7.5bn in loan sales

Ryanair was strong again on Tuesday, adding 17 cent, or 1.4 per cent to close at €12.88. Photograph: Josep Lago/AFP/Getty Images

Mining and energy stocks hold global markets back as uncertainty in China continues

Aer Lingus will continue to fly with a shamrock on its tail but it will no longer have an Irish owner as it joins the British-Spanish group IAG.

End of an era as airline waves goodbye to Irish ownership

Aer Lingus staff, Fiona Tracey, Sorcha O’Rourke, Grainne Kelly and Lydia Worrell, welcome the arrival of first Aer Cap Airbus A350 at Hanger 6 Dublin Airport in July 2015. (Photograph: Dara Mac Dónaill / The Irish Times)

From humble origins to being part of a global group: a brief history

Many get out loans to cover fees and living costs, but sooner or later it’s payback time

Irish owners of holiday homes in Brittany or apartments in Puerto Banus are now able for the first time to decide to whom they wish to leave these properties under new EU succession regulations

Rules designed to allow national laws be applied to succession assets elsewhere in EU

A drilling rig at Providence’s Helvic Oil field in the Celtic Sea.  Shares in the Irish oil and gas exploration company have plunged in the past year.

Oil and gas exploration stock falls by 8% in Dublin

Minister for Finance, Michael Noonan, delivering last year’s Budget. Small businesses across Ireland want to see the Minister cut the rate of capital gains tax in this year’s Budget. (Photograph; Dara Mac Donaill / The Irish Times)

Small Firms Association also calls for end to tax discrimination against self-employed

Ballymaguire Foods currently employs 150 people in Lusk and is one of the largest producers of chilled ready meals to retailers in Ireland.

Chilled ready meals producer is gearing up for UK expansion

Improved economic outlook likely to spur move from ratings agency

AIB said on Friday that it will cut its variable mortgage interest rate for both new and existing customers by 0.25 per cent, as it announced first half pre-tax profits of some €1.2bn, up by 50 per cent on the same period in 2014. (Photograph by Cyril Byrne/The Irish Times)

Bank reports H1 profits of €1.2bn on back of significant writebacks

KBC added more than 31,500 customer accounts for the first half of the year. Photograph:

Belgian parent indicates it could divest Irish operation in 2016

RSA is the subject of a potential takeover bid by Zurich Insurance Group, and a deal would cap a tumultuous two-year period for the insurer after an accounting scandal in Ireland. (Photograph: Philip Toscano/PA Wire)

Scandal hit insurer aims to return to profitability in 2016

Aviva reported a 17 per cent increase in the value of its new life business in the first half of the year, up to €9.3m, on the back of increased sales in pensions and annuities as well as investment products

Profits jump to €45m as insurer reports strong growth in new life business but says a rise in claim costs hit heath insurance

Kerry said that it now expects to achieve 6 to 9 per cent growth in adjusted earnings per share to a range of 296 to 304 cent per share in 2015.  (Photograph: Nick Bradshaw)

Food group boosts revenues by 4.7% in H1 as it raises earnings forecasts and eyes up future investments

Avolon saw its net income advance by 133 per cent to $56 million in the three months to end June 2015, driven by a very strong performance on trading activity and an improved financing costs. (Photograph: Alexander Hassenstein/Getty Images)

Dublin bassed lessor forecasts net trading gains of up to $65m for 2015 as it stays quiet on rival bids

Data shows jobless rate unchanged at 9.7% but lowest since 2009

While Dublin remained the main hub for jobs in Ireland, accounting for 20 per cent of job ads, professionals in cities outside the capital were also in high demand, with adverts across all sectors up 17 per cent year-on-year the survey from Robert Walters shows.

Number of job ads rose by 19% in Q1 with growth noted outside Dublin

 Defined contribution (DC) schemes, worth some €40.4bn,  reduced their equity holdings in 2014, down by 1 per cent to 52.2 per cent, as they upped their allocation to bonds by 2 per cent to 23.1 per cent, according to the IAPF’s annual survey. (Photograph: Peter Dazeley/Getty)

Savings soar by 18% to €107.8bn but IAPFchief sounds warning

Grant Thornton managing partner Paul McCann said that the merger will “serve to increase competition within the larger Irish firms, particularly in the areas of audit and taxation, as well as the growing market for corporate finance advisory services”. Photograph: Patrick O’Leary

Accountancy firms seek to challenge dominance of profession’s ‘big four’

Estate agents report pickup in business this summer

Worthwhile gains can be made despite low prevailing rates of deposit interest

The IFSC in Dublin: its promoters have always sought to leverage on Ireland’s proximity to London to win business; a Brexit could damage that

If a Brexit happens, it could bring benefits for financial services here – but also some risks

Blue skies all the way for Ryanair shares

European stocks little changed yesterday after they had enjoyed a three-day rally

Domhnal Slattery , CEO Avolon. The Dublin based aircraft leasing group is subject to a $2.6bn takeover offer. (Photograph: Eric Luke / The Irish Times)

Offer of $2.6bn from China’s Bohai values Dublin based lessor at 55% premium to December IPO

Irish households are increasingly turning away from low yielding fixed deposits in favour of overnight or instant access accounts. (Photograph: Bryan O’Brien / THE IRISH TIMES)

Consumers still have poor appetite for credit despite recovering economy

Credit unions said on Friday that the new regulations place “unwarranted restrictions” on credit unions, and send out a message that may cause “reputational damage” to the movement. (Photograph: Matt Kavanagh/The Irish Times)

New rules will prevent consumers from saving more than €100,000 with their local credit union

Efforts at national level will stop repeat of mistakes, says Competitiveness Council chief

S&P is predicting property price growth of 9 per cent for 2015 for Ireland, after which it said that growth should slow to a “calmer” rate of 5 per cent in 2016 and 3 per cent in 2017.

Annual growth of 9% will see Ireland outpace UK, Germany and Portugal

Barcelona’s Argentinian forward Lionel Messi celebrates after scoring during the UEFA Champions League football match in May 2015.  BT Sports will have exclusive coverage of the tournament in 2015. (Photograph: PIERRE-PHILIPPE MARCOUPIERRE/Getty Images)

Broadband provider benefits from jump in MNC business as viewing figures for BT Sports soar

The sale of the assets will leave Lloyds with ‘minimal exposure’ to Irish commercial assets the bank said. (Photograph: Simon Dawson/Bloomberg)

Sale of commercial loans will leave Lloyds with ‘minimal’ exposure to Irish assets

Operating profit at Ulster Bank rose by 74 per cent to £80m (€113m)in its second quarter, compared with the prior year, as the bank said on Thursday that it continues to maintain a strong capital and funding position. (Photograph: Alan Betson / The Irish Times)

RBS owned bank says improving economy will lead to further impairment releases

Savers increasingly turned to the prize bond draw to boost their returns amid plummeting deposit rates. However, a low interest environment means the available prize fund has also diminished. Photograph: Julien Behal/PA Wire

State-run fund worth €2.3bn, but low interest rate reduces prize total

Bookmaker Ladbrokes is to retain 144 shops nationwide and continue to employ over 700 people in Ireland following the High Court’s approval of its rescue plan. (Photograph: Aidan Crawley/The Irish Times)

Bookmaker will retain 144 shops nationwide and continue to employ over 700 people

Profits at Trinity Biotech fell by 37 in its second quarter, as the Irish medical diagnostic firm reported a decline in HIV revenues in Africa.

Irish medical diagnostic firm hit by falling sales of HIV products to Africa

Dublin’s skyline in 2007. A new €500m fund hopes to bring the cranes back by lending to residential property developers.(Photograph: Eric Luke/The Irish Times)

State run investment fund joins forces to fund development of up to 11,000 homes in urban areas

The enforcement investigation by the Central Bank identified “significant failures” by both PTSB and its subsidiary company Springboard Mortgages Limited connected to tracker mortgage options and rates. (Photograph: Alan Betson / The Irish Times)

Compensation of some 1,300 mortgage holders to cost bank €76m and it may also face fine

Last summer, Green REIT paid €23 million for the Sun Alliance building on Dawson Street in Dublin city centre. It is planning to replace it with a new modern building twice its size

Cash deals dominate in a sector where lending remains a risky uncertainty

Nama has disputed claims that assets in the controversial €5.7 billion Project Eagle portfolio have risen in value by as much as 20 per cent since they were sold. (Photograph: Cyril Byrne / THE IRISH TIMES)

Agency disputes claims that value of assets in portfolio has risen by 20% since it was sold to US group Cerberus

Ireland’s trade surplus narrowed by €627m in May, on the back of a 5 per cent decline in exports and a corresponding rise in imports. (Photograph: Reuters)

Decline of 5% in exports pushes trade surplus down as CSO includes aircraft leasing data for first time


A bill of €160 a year is not unusual if customers don’t look to avoid the fees that banks are levying on them

In a market that had been rising too rapidly, some agents are reporting lower selling prices because of increased housing stock on the market and longer selling times. Photograph: Frank Miller

Central Bank’s tough restrictions on desposits have cooling effect

Inheritance thresholds for a child have plummeted since 2009 but there are ways to avoid or mitigate tax bills

First announced by the Government in the budget in October 2013, free GP care for the under-sixes was seen as the first step in a roll-out of free GP care for all. Photograph: Katarzyna Bialasiewicz/Getty Images/iStockphoto

It is finally going live, but how do you register and how will the scheme work?

 It’s likely the only way rates will fall  to a level enjoyed by our European counterparts – despite the efforts of Government – is if new entrants come in. Photograph: Rui Vieira/PA Wire

With little movement on interest rates, banks are offering other sweeteners

The report supports earlier comments made by Patrick Honohan, the outgoing governor of the Central Bank. Speaking last February at the Trinity Economic Forum, Mr Honohan said first-time house buyers clearly represent a safer prospect for lenders. Photograph: Matt Kavanagh/The Irish Times

Survey of brokers shows new income rules hitting first-time buyers hard

Banks in  periphery countries like Ireland, Italy, Portugal and Spain remain vulnerable in the event of a Greek exit from the EU, ratings agency Moody’s said on Monday. (Photograph: Bryan O’Brien/The Irish Times)

European banks are better prepared for such a scenario but banks in peripheral countries like Ireland remain vulnerable

New Industry Advisory Committee succeeds the old Clearing House Group, a key success factor for development of the IFSC.  Photograph: Bryan O’Brien/THE IRISH TIMES

Industry Advisory Committee, whcih will implement the new IFS2020 strategy, is to meet on Wednesday

JD Wetherspoon, which plans to open 30 bars across Ireland over the next five years, was founded in 1979. It operates more than 900 bars across Britain

Moss Vision announces further 50 positions in Co Roscommon

Dealz, where (almost) everything costs €1.49,  is now selling to some 300,000 customers a week in Ireland. (Photograph: Eric Luke / THE IRISH TIMES)

Discount retailer now selling to 300,000 Irish customers a week as it eyes opening 10 new stores this year

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