Will I actually make money through Ireland’s new savings scheme for ‘squeezed middle’?
The planned savings scheme has been much heralded but numerous details are still unclear
AIB
The latest news, comment, and features on Irish bank AIB
Employment in tech sector rose at steepest rate for a year in May despite Meta cuts
Year-ahead outlook ‘improved further’, according to AIB data, despite fears of job displacement from AI
European shares fall amid heightened Middle East tension
Banks and travel stocks suffer setback in Dublin while collapse of Akzo Nobel takeover wipes over 17% off its market cap
AIB mops up almost half of shareholders by buying out small legacy holdings
Over 40% of those with fewer than 50 shares in bank after holdings were diluted chose not to sell into odd-lot offer
Ireland’s new savings scheme may have ‘modest’ impact on banks’ income, Goodbody says
Lenders’ investment arms are set to capture a share of money leaving deposit accounts, analyst forecasts
Business conditions across manufacturing sector hit best level in four years
Sector saw increases in new orders in May as well as further strong increases in production, employment and purchasing activity
Markets choppy as investors await Middle East outcome
Euronext Dublin finished up 0.5% after a tumultuous day’s trading full of swings and roundabouts
AIB chief financial officer Donal Galvin to leave bank for ‘other business opportunities’
Unexpected departure highlights challenge of executive retention amid pay and bonus restrictions in banking sector
Oil rises again as markets digest fresh tension in the Gulf
Euronext Dublin finishes session down 1.2% with most major names in the red
European shares rise on technology stocks
Markets optimistic about signs of progress in US-Iran peace talks
Shares slide as US-Iran deadlock raises spectre of energy crisis
Dublin market performs well as investors once again feel jitters
Pressure on ECB to get digital euro project off the ground
AIB, Bank of Ireland join consortium of EU banks developing euro-denominated stablecoin some say could rival digital euro
Stocks rise as crude prices fall and traders await Nvidia results
Chipmaker’s quarterly earnings are seen as a crucial test of AI demand
AIB, Bank of Ireland join consortium of European banks developing euro-backed stablecoin
Stablecoins are digital assets that are pegged to the value of currencies and other traditional assets
European markets start week on positive note
Traders shake off worries about prolonged spike in oil prices – for now
Bank of Ireland staff union accepts ruling that workers must attend office two days a week
FSU says it secured concessions, with requests and appeals on exemptions to be heard independently
Global indexes fall as bond yields rise
Inflation fears increase as traders anticipate Fed interest rate hikes
Technology stocks lift equity indexes around the world
Ryanair drops 1.6% in Dublin even as oil prices dip on reports of ships moving through Strait of Hormuz
Irish inflation rises to 3.7% on back of energy price shock
Biggest drivers of increase are transport fuels and home heating oil
Coalition prepares €7bn budget against backdrop of potential economic turmoil
Inside Politics: Our opinion poll on the Dublin Central byelection will give first indication of who’s in line for seat
Irish inflation could hit 7% if Hormuz blockade continues for rest of year – AIB
Real wage growth will be offset by higher rate of inflation, leaving households marginally worse off on average, bank says
European shares rally as miners and tech sectors advance
Investors continue to weigh impact of Iran war as oil retreats slightly
Irish households may invest up to €7bn in savings scheme in first year, BPFI says
There is €170bn on deposit in the State
Reader caught out by Complete Savings subscription: ‘I never knowingly signed up’
Many people face a charge without being fully aware, but a refund is available
MHL Hotel Collection completes €190m refinancing with AIB
Dublin’s College Green Hotel and Galmont Hotel in Galway among properties refinanced by John Malone-backed group
UK bond yields hit 1998 levels as political crisis deepens
Global Shares indexes fall as US inflation climbs and oil gains for third straight day
House building slows as Middle East conflict hits orders in Irish construction
Building of new homes fell sharply in April, according to latest AIB survey
Irish banks account for under half of all loans since 2019
However, institutions provide 88% of mortgages
Cars and home improvements drive personal lending to record €2.9bn
Consumers shrug off cost-of-living and trade concerns
Input price ‘surge’ bites Irish services sector as output shrinks in April
Gloom in transport, tourism and leisure business continues as overall service sector activity slows for first time in five years
Global markets rise amid barrage of earnings results
AIB closed up 0.8% on the day of its annual general meeting after it said new lending increased by 11% to €3.6bn
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