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Business News

Oil price spikes higher on trader bets despite supply glut

13th June 2017

Oil rose on Monday to break a three-day losing streak, after futures traders increased their bets on a renewed price upswing even though rising US drilling helped keep physical markets bloated. Brent crude futures were up by 85 cents at $49 per barrel by midday, after hitting a session high of $49.15. US West Texas […]

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Oil price spikes higher on trader bets despite supply glut

13th June 2017

Oil rose on Monday to break a three-day losing streak, after futures traders increased their bets on a renewed price upswing even though rising US drilling helped keep physical markets bloated. Brent crude futures were up by 85 cents at $49 per barrel by midday, after hitting a session high of $49.15. US West Texas […]

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End of roaming fees – but mind Facebook and WhatsApp use

13th June 2017

Mobile phone charges for roaming calls and texts in the EU are to finally end this week. However, consumers are being warned that they could still face steep EU roaming bills for using services such as Facebook, WhatsApp and Instagram. The new EU-wide law comes into force on Thursday, June 15. Under the rules, all […]

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Varadkar: Theresa May’s failure to win a majority might result in a softer Brexit

12th June 2017

Taoiseach-designate Leo Varadkar said on Monday that Theresa May’s failure to win a majority in last week’s election might result in a softer Brexit. Varadkar said that members of Northern Ireland’s DUP, who May is looking to for support in government to achieve a working majority, and the Scottish wing of the Conservative party would […]

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Varadkar: Theresa May’s failure to win a majority might result in a softer Brexit

12th June 2017

Taoiseach-designate Leo Varadkar said on Monday that Theresa May’s failure to win a majority in last week’s election might result in a softer Brexit. Varadkar said that members of Northern Ireland’s DUP, who May is looking to for support in government to achieve a working majority, and the Scottish wing of the Conservative party would […]

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Construction activity growth rises sharply – the fastest seen since February 2016

12th June 2017

Activity in Ireland’s construction sector accelerated sharply last month and at one of the fastest rates in the 17-year history of the Ulster Bank Construction Purchasing Managers’ Index. Figures released this morning show the sector continues to remain upbeat. The index rose to 63.6 in May, compared to 61.3 in April. Any figure over 50 […]

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Yields on €500m auction of short-term government debt expected to remain in negative territory

12th June 2017

Yields on this week’s €500m auction of short-term government debt are expected to remain in negative territory as investors continue to pay the state for the privilege of holding their money. The National Treasury Management Agency announced in a statement today that it has scheduled an auction of one-year dated Treasury Bills for Thursday morning. […]

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The UK election result: Three things Irish businesses should monitor

9th June 2017

As the UK election bombshell unfolds this morning, business owners in Ireland already having to deal with the uncertainty around Brexit will be waking up to further reasons for concern. Below are three things that Irish businesses should monitor. 1. Falling sterling Falling sterling – for now the market is reacting very sensitively to developments. […]

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The UK election result: Three things Irish businesses should monitor

9th June 2017

As the UK election bombshell unfolds this morning, business owners in Ireland already having to deal with the uncertainty around Brexit will be waking up to further reasons for concern. Below are three things that Irish businesses should monitor. 1. Falling sterling Falling sterling – for now the market is reacting very sensitively to developments. […]

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Sterling drops after UK election shock

9th June 2017

Sterling dived and the FTSE share index was set to fall 1pc on Friday after a shockingly bad election result for Prime Minister Theresa May plunged Britain into political chaos days before the start of Brexit talks. The surprise of a result that raises questions about how Britain will advance with its plan to leave […]

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