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Business News

Surge in hotel job vacancies sparks fear of skills shortages

26th March 2018

Job vacancies in the hotel sector have surged in the five-year period up to 2017, a recruitment website has claimed. Analysis by jobs.ie found that there has been an increase in jobs vacancies in a number of key hotel roles – specifically hotel chefs, bartenders, waiters, receptionists, porters, mixologists and concierges. Every role has experienced […]

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Where now for investors as low-interest era finally ends?

26th March 2018

Investors in banks and tech companies could make money as rates start to rise, but telco and bond investors might lose out. Rising interest rates are changing the rules of the game for investors. Over the last decade, investors have largely been operating in an environment of record low interest rates – but these days […]

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Will I face double tax bill for Spanish job?

26th March 2018

Q: I have lived in Spain since January 2017 where I work as a self-employed teacher. However, I worked in Ireland for some weeks during 2017, earning around €2,000 (PAYE income only). The same will happen this year. What are the tax implications of the few weeks’ Irish work? I am assuming I don’t need […]

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Economy shrugs off Brexit threat to grow at fastest rate in EU

16th March 2018

Ireland is again the fastest-growing economy in the European Union, with a rise of almost 8pc in GDP last year. Just 10 years after the economic crash, and despite the looming threat of Brexit, the economy continues to perform strongly. Ireland has the European Union’s fastest-growing economy for the fourth year in a row, although […]

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Ireland’s biggest mobile operator warns customers of possible data disruption over four days

16th March 2018

The country’s biggest mobile operator has warned more than 100,000 phone customers of possible disruption to roaming costs and data access in a week’s time. Vodafone says that technical updates will mean that its customers won’t be able to add data to packages for four days, starting Thursday March 22, which may leave some of […]

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Monday 12 March 2018 Ulster Bank kicks off new mortgage war with string of cuts to fixed rates

12th March 2018

Ulster Bank has kicked off a new round of mortgage wars with a string of cuts to its fixed mortgage rates. The leading lender has ramped up pressure on its rivals by reducing its five-year fixed rates and by making it easier to qualify for its market-leading, four-year rate of 2.6pc. The move comes as […]

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Irish SMEs aren’t investing enough, warns ESRI study

12th March 2018

Under-investment by small and medium-sized businesses was at over 30pc in 2016, with financial issues the biggest contributing factors, research has found. The study by the Economic and Social Research Institute (ESRI) stated that there was “clear evidence” that actual investment is below what would be expected, given how companies are currently performing. ESRI researcher […]

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Only 11pc of SMEs using renewables

12th March 2018

Almost four in 10 Irish businesses would be willing to pay higher energy costs if their energy was coming from renewable sources, according to a new survey. Half of those businesses would pay a premium of more than 5pc. The survey carried out by Behaviour & Attitudes on behalf of Calor found that only 11pc […]

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Thursday 8 March 2018 Dunnes Stores restructures 40 companies in group reshuffle

8th March 2018

Dunnes Stores has completed a major corporate restructuring process by assimilating 40 individual companies into a principal entity within the group via a merger process. The move comes just months after it became apparent that the secretive retailer has been undergoing significant change as matriarch Margaret Heffernan (who turns 76 tomorrow) increasingly cedes control of […]

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Wholesale gas prices rocket as freezing conditions drive demand

8th March 2018

Freezing temperatures pushed gas demand far above the seasonal norms at the end of February. The monthly energy report from Vayu shows that average Irish wholesale gas prices increased by 15pc on January 2018. Wholesale electricity prices saw a 14pc increase month-on-month. This is likely to lead to new price rises for businesses and households, […]

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