Irish consumer sentiment lifts as inflation eases and economy grows
Latest Credit Union barometer points to an easing of strain on consumers
State’s housing targets at risk as new home completions stall
Latest figures indicate there were 6,884 new dwelling completions between April and June this year, a fall of 5.4 per cent on the same period last year
Creaking energy and water systems represent ‘reputational risk’ for Ireland, council warns
Competitiveness council warns current strain on utilities meant business demand would soon outstrip supply with ramifications for inward investment
Greencore upgrades earnings outlook as revenue increases
Convenience food group said it expects full-year adjusted operating profit to be in a range of £88m-£90m
Car congestion charge should be considered, officials advise
Annual tax strategy papers ahead of budget also call for mandatory reporting of all inheritances
Tax strategy papers: the highlights
Inheritance tax changes, congestion charges, indexing the income tax system and hospitality’s pursuit of the 9 per cent VAT rate
Department of Finance torpedoes return of 9% VAT rate for hospitality
Government’s tax strategy group also highlights progressive nature of income tax system with 10% of high earners accounting for nearly two-thirds of income tax
Mandatory reporting of all gifts and inheritances under consideration
Department of Finance’s Tax Strategy Group examines ways to strengthen the State’s inheritance tax system
Data centres now account for 21% of all electricity consumption
CSO findings come amid an increasingly heated debate about data centres and their energy demands
European stocks rebound but Ryanair leads airline sell-off
The pan-European Stoxx 600 index closed 0.9 per cent higher, coming off a five-day losing run
Wholesale electricity prices down 72% since peak of energy price shock
Energy prices spiked after Russia invaded Ukraine in February 2022, reaching a peak in August that year
Irish grocery price inflation lifts for first time in 15 months
Kantar data suggest price inflation was driving value sales growth rather than increased purchasing
Supermac’s chief wants VAT reprieve for food businesses
Pat McDonagh says the industry is struggling to deal with jump in operating costs
Ireland’s demographic time bomb: too many retirees and too few babies
While birth rates are falling, the number of people aged 65 years and over is accelerating and will reach a record one million by 2030
Fall-off in home sales fails to arrest price growth
A total of 12,212 homes were sold between April and June this year, a report by property tech firm Geowox indicates