Irish households remain the fourth indebted across the Europe, behind Denmark, Netherlands and Sweden. Photograph: Michaela Rehle/Reuters

Irish households still fourth most indebted in Europe, new Central Bank report finds

 UDG Healthcare: Revenues rose by 8 per cent in the six months to March 31st to $578.9 million (€516 million). Photograph: David Sleator/The Irish Times

Outlook for healthcare group remains ‘exciting’ after solid performance, says Davy

Greencore chief executive Patrick Coveney: “encouraging pipeline of new business” emerging at Peacock Foods. Photograph: Cyril Byrne

Revenue rose 46 per cent in first half, helped by Peacock Foods deal

Protecting your nest-egg can be hard work. Getty Images

Defined benefit pension plans below 140,000 active members

Paye workers can now earn more via Airbnb or rental income without having to undergo the full rigours of self-assessment –  and they’ll also pay less tax. Photograph: Martin Bureau/AFP/Getty Images

Move means Paye workers will pay less tax on Airbnb or consultancy earnings of up to €5,000 in 2016 tax returns

Insomnia plans to  open stores in Drumcondra and Mary Street in Dublin, Cavan, Mallow and Belfast. Photograph: Eric Luke

Coffee chain operating in Ireland and UK plans to open up to 30 outlets by end of year

Tesco first entered the Irish credit card market back in 2000, shaking up the banking sector

Card was popular with shoppers as it allowed them to collect 50% more Tesco points

The commissioner for economic and financial affairs said the European Commission was closely monitoring “the evolution of prices, supply and demand for housing in Ireland”.   Photographer: Chris Ratcliffe/Bloomberg

Commissioner says boost in supply is the only ‘durable solution’ to affordability in Ireland

“The popularity of TV programmes like RTÉ’s Room to Improve encourages homeowners to invest in their homes”

Bank of Ireland reports 38% surge in loans as property owners look to spruce things up

An increase in regulation is behind much of the growth across the capital markets sector, says Brian Conlon, chief executive of First Derivatives. Photograph:

Newry based firm reports ‘solid financial performance’ for 2017 on the back of significant contract wins

The Coombe maternity hospital in Dublin charges a reasonable parking rate of €2.50 for up to four hours, and a special daily rate for the day of delivery of €7.50. Photograph: Alan Betson

Patients and visitors to Irish hospitals have the added stress of pricey parking fees

Figures for first quarter show property prices are rising at fastest rate since 2007 - but still remain way off boom time highs

Debit-card point-of-sale spending in March increased 14 per cent to €2.7 billion on the same month in 2016. Photograph: Getty Images

Figures show switch from cash to contactless as Irish consumers reach for the cards

Mallinckrodt’s new location on the Cruiserath Road in Blanchardstown also houses  a state-of-the-art manufacturing facility

US pharma group has just opened its global medical device engineering centre at the site

JP Morgan is to acquire a 130,000sq ft building in the heart of Dublin’s docklands in a move that will provide the US investment bank with the capacity to double its Irish work force to 1,000.

Acquisition of new property could see US investment bank double Irish work force to 1,000

Assets in IFG’s retirement wealth planning platform, James Hay, rose 5.4%  to £23.3bn

UK-focused financial services group warns of impact of falling interest rates on profits

Ireland’s largest landlord Ires Reit has set rents far in excess of norms at its new development at The Maple in Sandyford, south Dublin. Excluded from rent restriction rules, it is hoping to achieve  € 2,570 for a two-bed apartment - close to the average industrial wage of about €3,000 a month. (Photograph: Eric Luke / The Irish Times)

End to soaring prices seems nowhere in sight

Stan McCarthy is to join Ryanair’s board at the end of May. Photograph: Dara Mac Dónaill

Stan McCarthy to join airline board as non-executive director

With Wow Air and Norwegian in the market stateside travel has never been so cheap - or has it?

The Maple, at Beacon South Quarter in Sandyford, south Dublin, is a newly-built development of 68 apartments – four one-bed, 55 two-bed and nine three-bed apartments.

Apartments to rent from €2,570 a month at investment fund’s new Maple scheme

Customers looking to venture further afield can opt for European Motor Breakdown cover

Product costs about €100 a year for European-wide breakdown assist cover

Figures from the Central Bank show that Irish people  are saving more than they were in the aftermath of the banking crisis when deposit rates were more than 3%. Photograph: Getty Images

Irish savers will earn just €10 on a €10,000 deposit compared with €179 in Slovakia

Hanover Lofts, a development, of four one-bed and 11 	two-bed apartments, has prices starting at € 415,000 for a one-bed, and €575,000 for a two-bed.

80% of Hanover Lofts apartments, starting at €415k for a one bed, sell at launch weekend

Colm Lyons  to target the UK market. Photograph: Brendan Lyon/ImageBureau

Realex founder takes space in Shoreditch in Europe’s largest fintech hub

Immedis was formed last November when Taxback Group pulled out its specialist corporate division and rebranded it Immedis.Today it employs 50 people in Dublin

Immedis targets international payroll company Expaticore, paving way for 150 new jobs

Globoforce CEO Eric Mosley: “These are very exciting times for Globoforce”

Irish software firm relocating to new Park West building almost five times bigger

Minister for Social Protection Leo Varadkar: The Government’s intention is to enhance the range of benefits accessible by the self-employed. Photograph: Gareth Chaney Collins

Survey finds that those working for themselves will pay more to get sick pay

Growth in the Irish manufacturing sector expanded to a three month high in March, with export orders now growing at the fastest rate since 2015.  (Photograph:  Alan Betson/The Irish Times)

Out-turn driven by improved market conditions both at home and abroad

First-time buyers are looking to buy in greater numbers than in recent times. Photograph: Dara Mac Dónaill/The Irish Times

It is cheaper to buy than rent in many parts of the State but buying is not always best

While audit fees have fallen from their dizzy highs in recent years, both PwC and KPMG saw income from their audit functions advance in 2016. Photograph: Getty Images

Revenues up 9% at PwC, while KPMG enjoys a similar buoyant year

Veneto’s closure is the latest in the line of foreign owned banks – many of which ran into trouble during the crisis – that have opted to bring their foreign business back home. Photograph: Bryan O’Brien / The Irish Times

Veneto Ireland Financial Services branch closes as bank rationalises foreign divisions

 Ulster Bank said operating profits stood at €32m  in the first quarter of the year, compared with €78m in the same period in 2016. Photograph Nick Bradshaw

Restructuring costs hit subsidiary of Royal Bank of Scotland but mortgage lending up 25%

Irish consumers are still preparing for a rainy day – latest figures from the Central Bank show that Irish consumers are now saving more than they’re borrowing.

Some €540m poured into Irish deposits in March despite record low rates of return

Planned revamp at Stillorgan following the agreement of a 25-year lease with owner Kennedy Wilson Europe.

Construction of 11,000sq ft extension is expected to be completed by end of 2017

Blanchardstown shopping centre: perhaps the rental shortage in the area is in part to do with the popularity of Airbnb.

With just three properties, Blanchardstown typifies the lack of accommodation to rent

Is it worth your while saving? Deposit rates have continued to fall in recent months, with the best rate currently on offer just 0.51 per cent on an instant access account - and it’s offered by Nationwide UK, which is readying its departure from the Irish market. It means that a € 15,000 deposit will earn just €76.50 over the course of a year - or just € 46.66 once Dirt is deducted.

Winning € 50 just once a year is now better than return offered on € 15,000 deposit, as savers pour €100m into product in first t(...)

Cairn Homes Marianella residential construction site in Dublin:  Timothy Kenny is  replacing Eamonn O’Kennedy as chief financial officer. Photograph: Chris Ratcliffe/Bloomberg

Kenny joins Irish homebuilder after 12 years with grocery group Musgraves

Kennedy Wilson plan for refurbishment of Stillorgan shopping centre, Co Dublin:  the London-listed property company that owns the shopping centre is to merge with its parent company.

Merger will create $4bn property group with 400-plus properties worldwide

Maximum Media,  the firm behind,, and, has been  listed  250th in the Financial Times’s FT1000.

Dublin internet firm Asavie and firm behind listed among ‘FT’ top companies

 First Derivatives is making headway in its efforts to expand its market beyond its historical base among Wall Street banks. Photograph:

Newry-based financial software consultancy forecasts full year earnings of £27.5m

At Ard Lugalisheen in Ballindine, Co. Mayo, a three-bed semi-detached house is now selling for €105,000, up from €95,000 before Christmas.

House prices soar by up to 43% in western counties – but it’s off a relatively low base

N26 Business allows freelancers and the self-employed to use one account to navigate both their business and private finances

Account is free to open but ATM use of Mastercard may incur charges

Nabriva is a clinical stage biopharmaceutical company engaged in the research and development of anti-infectives to treat serious bacterial infections

Nabriva Therapeutics to create new entity to be publicly traded parent company

All these extra costs really add up and significantly increase your overall tax burden.

A couple earning € 100,000 will lose as much as € 11,000 a year in Vat, excise and levies - and this is on top of income tax

The team at the Kemmy Business School in Limerick are focusing on the role of expert professional networks, tax advisors, wealth managers and the factors which can lead them to take ethical or aggressive approaches to their tax work.

Project aims to find amount of tax revenue being lost through avoidance and evasion

Ireland’s child benefit regime, €135 a month per child, combined with its method of taxing families, means some families pay a negative rate of tax on income.

Thanks to child benefit, lower income families lose nothing to income tax

Alan Walsh, chief executive of One51: One51  has reported strong growth for 2016, with revenues rising by 18.6 per cent to €433.9 million. Photograph: Dave Meehan

Sale of environmental services arm part of One51’s focus on its global plastics business

Retire to the Algarve in Portugal . . . and pay 0% tax on your pension. Photograph: Hemera

Portugal, France or Spain? Pension tax implications or other high-living costs can lead people to look abroad

Austin Hughes, chief economist with KBC Bank Ireland, says the survey suggests a pipeline of unsatisfied demand is building.

KBC Homebuyer survey indicates demand for 300,000 sales in next two years

Bottled cola goods such as Coca Cola are getting cheaper in Ireland, new figures from Kantar show. (Photograph: REMY GABALDA/AFP/Getty Images)

Cost of cola drops by as much as 10%, but fresh fish price hikes batter shoppers

Supervalu is back on top in the latest Kantar survey, with a 22.6 per cent market share. (Photograph: Aidan Crawley)

Groceries have dropped in price for the first time since May 2015; Supervalu is back as Ireland’s largest supermarket

Bank of Ireland: New Ireland, the Bank of Ireland-owned life assurer, is to appoint Michael Murphy as its new managing director.

Michael Murphy to join life assurer New Ireland from Willis Towers Watson

Then tánaiste Mary Coghlan at the opening of Nationwide UK offices at Spencer Dock in  2009. The bank is to pull out of Ireland. Photograph: Cyril Byrne

British building society’s savings-only subsidiary in Ireland offered attractive rates

Ruairí and Marie-Thérèse de Blacam, who founded Inis Meáin Restaurant & Suites 10 years ago

High-end hotel suites on least developed Aran island are poised for expansion

Three-quarters of UK-based companies favour Ireland’s tax regime above all others, a new   KPMG survey has found

Ireland also top pick for post-Brexit relocations alongside the Netherlands

 Revenue  wants  employers  to report pay, tax and other deductions, as well as details of employees leaving, when they run their payroll.

Small firms concerned that new approach will be time-consuming and not cost-effective

First-time buyers are coming back into the market in greater numbers, accounting for one in two out of every mortgage approval in February. Photograph: Cyril Byrne

Latest figures show there are more people looking to buy and seeking morgage approval but short supply is still a big issue

The  commission wants the market to allow  increased competition

Irish homeowners are paying significantly over the odds for their mortgages compared to European averages – but CCPC says capping (...)

For now, deposit rates will likely continue to fall from their already shallow depths. File photograph; iStockPhoto

BoI has cut its demand deposit rate to zero, possibly a first for the Irish market

The Irish subsidiary of US car rental group Enterprise has bought the car rental business of the Dan Dooley Group for an undisclosed sum. (Photograph: Dara Mac Dónaill/The Irish Times)

Deal brings together two family-owned motor rental companies

Rockbrook in Sandyford: Residents say the area is  dominated by ‘one monstrosity’ which is a ‘total eyesore’.

The council disagrees with the ‘height, massing, scale and bulk’ of the development

US investment bank JP Morgan is said to be in talks to lease a building Dublin, while Citi is also assessing its options. Photograph: Bryan O’Brien

Japanese bank will create up to 100 jobs if it opts for Dublin over Frankfurt as hub

The two acquisitions announced by UDG Healthcare will not have a material impact on profitability this year, Goodbody Stockbrokers said. Photograph: David Sleator

Sharp Packaging Services acquires packaging facilities in Pennsylvania and Wales

Dublin looks set to lose out again, with Lloyd’s of London set to favour either Luxembourg or Brussels as the location for its new European hub

Move follows AIG and Blackstone’s decisions to opt for Luxembourg as European bases

Wage pressures are building, as evidenced by the recent industrial action at Bus Eireann. For now however, Irish salaries remain either competitive - or too low, depending on how you look at it - compared with European norms. (Photograph: Dara Mac Dónaill / The Irish Times)

Entry level staff in Ireland paid less than in eleven other European countries, but higher buying power mitigates the impact

One in two bookings for Hosteworld now comes via a mobile or tablet, up from 41 per cent in 2015.

Sales down 4% as online hostel platform cites worries over Brexit and terrorist attacks

Given the growth in mortgage approvals, Goodbody economist Dermot O’Leary questions whether or not the supply of new housing will be able to match this. “Clearly, a significant deficit in housing will continue to exist, thus pushing prices up further.” Photographer: Chris Ratcliffe/Bloomberg

Imbalances in supply and demand will likely continue to push property prices up

If rates rose by three percentage points, it could deliver a shock to Irish households with high levels of debt

Rate rises are on the cards, and Irish consumers will be the most vulnerable

The Burren Smokehouse has  just entered the Hong Kong market with its smoked salmon.  Photograph: Roger Overall

Brexit isn’t the only issue Irish food firms will have to contend with in future

The move means that the self-employed, farmers and their dependent spouses will be able to access free dental benefits for the first time this week. Photograph: John Giles/PA Wire

Re-introduction of annual free teeth cleaning for everyone to commence in October 2017

EnergyPro Asset Management will have an initial combined long-term contract roster of 180MW of wind turbines.  Photograph: Ben Curtis/PA

Merger will use analysis tools to maximise the electricity produced at each wind turbine

Sentiment in the construction sector picked up in March, according to the latest Bank of Ireland economic survey. Photograph: Alan Betson

Business mood remains muted ahead of UK’s triggering of Brexit process, survey shows

Automated Insights’s software generated a report written by Irish Times journalist Charlie Taylor (pictured). Scroll down to view the two reports.

Intuitive content-generating software won’t be transforming newsrooms any time soon

In March 2016, Capita Asset Services took over the management of all ACC Loan Management customer accounts and loan facilities, and staff moved from ACC to Capita Asset Services.

Rabobank-owned ACC Loan Management cuts loan portfolio

 Ardagh  chairman Paul Coulson,     global head of listings at the NYSE John Tuttle, Ardagh chief executive Ian Curley and Ardagh director of investor relations   John Sheehan  at the group’s flotation on the New York Stock Exchange  on March 15, 2017

Glass and metal containers giant went public on New York Stock Exchange on March 14th

Government data   points to strong growth in the number of new housing starts, with 910 units commenced in January, up by 45 per cent year on year.

Developers look to capitalise on Help to Buy by increasing output

Watch out for the fine print too. Some pension schemes for example, won’t give your estate back employer contributions if you die within two years of joining the scheme.

Like everything to do with pensions, it’s complicated, opaque, and full of jargon ... but also very important

John Collison. co-founder of Stripe, is the youngest self-made billionaire on Forbes list.

Eight Irish people now on ‘Forbes’ billionaires list

The CSO data shows that the premium paid to women in the public sector (excluding the pension levy) was about 12 per cent more in 2014

Women in public sector earn more than those in private sector, CSO figures show

A pedestrian shelters from the rain beneath a Union Jack umbrella at the Houses of Parliament in London, following the pro-Brexit result of the UK’s  referendum in June, 2016. Photograph: Justin Tallis/AFP/Getty Images

Just one in 10 businesses has plan to deal with economic fallout of UK departure

One51’s group chief executive Alan Walsh: “Trading in 2017 to date has been solid and in line with expectations.” Photograph: Dave Meehan

Company eyeing acquisitions in North American retail and bulk packaging sectors

The Savoy Hotel, London:  Quinlan Private made a profit of about €60 million in  eight months from its sale in 2005

Syndicates accounted for just 1% of Irish commercial property investment in 2016

The non-principal private residence charge (NPPR) applied from 2009 to 2013 and second home owners, including those with holiday homes or rental investments, were liable to the tax at a rate of €200 a year. Over the period, some 360,000 second homes were registered and more than € 400 million collected.

Saga continues over whether or not second home charge is tax deductible

The Central Bank said a major concern for it remained the banking sector’s ability to deal with IT risks. Photograph: Matt Kavanagh

Regulator warns risks remain in Irish banking system, particularly in IT

Dublin’s Grand Canal Dock: city is the 34th best place to  live in terms of quality of life, according to a new survey. Photograph: Eric Luke

Survey says you’ll have a better quality of life in Dublin, but Vienna and Zurich fill top spots

UK furniture retailer DFS will pay  €98 per square metre (€9.10 per square foot) at Horizon Logistics Park,  Dublin Airport

UK furniture retailer to let 3,060 sq/m unit at Horizon Logistics Park

Berlin, where just about 14 per cent own their own homes compared to about 60 per cent in Dublin.  Photograph:  John MacDougall/AFP/GettyImages

The number of people buying rather than renting has fallen to a near 50-year low

Soaring property prices and the rise of flexible work patterns and contract work have excluded a certain cohort from buying homes. Photograph: Rui Vieira/PA

Central Statistics Office figures show one in four residents of the capital are now renters

Dunnes Stores has moved upmarket, introducing  ranges from designers such as  Joanne Hynes (pictured) and revamping its grocery hall. Photograph: Leon Farrell / Photocall Ireland

Market advances by 3 per cent with Tesco the only multiple to report drop in sales

Don Gallagher, chief executive  of the Health Insurance Authority, and former minister for health Leo Varadkar in the run-up to the launch of lifetime community rating  in March 2015. Photograph: Dara Mac Dónaill

Society of Actuaries wants lifetime community rating limit to be cut from life to 20 years

Figures published last week show the Irish economy grew by 5.2 per cent in 2016, with little signs that Brexit has started to hurt output. Photograph: Yui Mok/PA Wire

Bloomberg survey reveals more optimistic forecasts for economy in 2018 and 2019

Last May U+I  agreed to let the 15,992sq m (172,000sq ft) building to US e-commerce giant Amazon for €50 per sq ft, in what was one of the biggest letting deals of the year.

Spacious building on Burlington Road was let to Amazon last year for €50 per sq ft

Ireland Connected: Trading and Investing in a Dynamic World identifies exporting to new third country markets as a priority for Irish food and drink products. Photograph: Dara Mac Dónaill/The Irish Times

‘Ireland Connected’ plan sets ambitious targets for exports, FDI, tourism and education

Cairn will pay 45 per cent of the costs of drilling the 53/6-A exploration well in June 2017, subject to a gross well cap of $42 million. The company will also make a cash payment of $2.82 million to PVR and Sosina on closing.

Scottish-headquartered Cairn Energy takes 30 per cent working interest in well

A PwC report found women who had recently changed employers said a lack of opportunities for career progression was the top reason they left their former employer (35 per cent).  Photograph: Dave Thompson

PwC survey finds 10% of jobseeking Irish women experience gender discrimination

New figures show the Irish have a far higher government debt per person than even the Greeks. Photograph: Yiannis Kourtoglou/Reuters

Ireland has third-highest government debt per capita, behind only Japan and US

Bunn, a UK provider of prescription fertiliser blends and nutrition management systems servicing the arable, grassland and horticultural sectors, has an established business-to-business and retail customer franchise. Bunn’s turnover for the year ended December 31st 2016 was £127.7 million. (Photograph: Sandra Mu/Getty Images)

Bunn is a UK provider of prescription fertiliser blends

The survey  exposes a gender gap: in the EU as a whole, 56 per cent of men are financially literate, compared to 48 per cent of women. Photograph: iStockphoto

The S&P FinLit survey found almost half of Irish people lack savvy about money matters - but are you one of them?

Irish consumer sentiment reached a high in February 2016 but has been on a downward trajectory since, as consumers fear the impact of changes in the global environment. Photograph: Ben Stansall/AFP/Getty Images

Things are not getting a lot worse, but they are not getting better either, survey finds

Risky: a study  by the Central Bank  in 2015 found that 75 per cent of retail CFD clients who invested in CFDs during 2013 and 2014 made a loss. Photograph: Alan Betson

Regulator may ban sale and marketing of ‘complex’ CFDs to retail investors

More articles