Industry & Business

Economy

Increased fuel costs see inflation rise to 0.5%

    Increased fuel costs see inflation rise to 0.5%

According to the latest consumer price index (CPI), inflation has risen to its highest level in almost four years due to rising fuel costs and a pick-up in hotel and

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Dell is best place to work, says Irish employees

    Dell is best place to work, says Irish employees

Job site Indeed has compiled a list of 25 companies to feature in ‘Best Places to Work in the Private Sector in Ireland’, with tech giant Dell coming out on

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SFA says fundamental reform of social welfare needed to make work pay

    SFA says fundamental reform of social welfare needed to make work pay

The Small Firms Association (SFA) has called for a complete review of the social welfare system to ensure that work always pays more than welfare. Linda Barry, SFA Assistant Director,

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One-third of Dublin’s office stock sold in deals worth €6bn since 2013

    One-third of Dublin’s office stock sold in deals worth €6bn since 2013

A new report from Savills on Ireland’s property investment market has revealed that, since the beginning of 2013, 1.1 million sq m (11.84 million sq ft) of modern office space

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ICTU calls for action on executive salaries

    ICTU calls for action on executive salaries

A report from the Irish Congress of Trade Unions (ICTU) has found that executive pay in some Irish private companies increased by up to 238% between 2009 and 2015, a

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Calling all Cork businesses – StartUp awards launched

    Calling all Cork businesses – StartUp awards launched

The Bank of Ireland StartUp awards 2017 were officially launched to business nationwide recently. The competition, now in its sixth year, recognises and rewards Irish startups for their success in business

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Dunnes Stores takes top supermarket spot for second month

    Dunnes Stores takes top supermarket spot for second month

New figures show that for the first time, Dunnes Stores has maintained its position as the country’s biggest grocer for two months in a row. Figures from Kantar Worldpanel show

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Enterprise Ireland brings 11 client companies to Texas event

    Enterprise Ireland brings 11 client companies to Texas event

Minister for Employment and Small Business Pat Breen is leading a 4-day Enterprise Ireland trade visit to the USA. The highlight of the trade visit is the Enterprise Ireland exhibition

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Job losses at Nenagh plant

    Job losses at Nenagh plant

250 employees at the Coty plant in Nenagh are to lose their jobs when the multinational company closes its business in the town. Staff at the former Procter & Gamble

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Operating profits at Aviva Ireland rise by 20%

    Operating profits at Aviva Ireland rise by 20%

Aviva Ireland has reported a 20% hike in operating profit for 2016 as it continues to turn around its financial performance following a major restructuring. The insurer said full-year profits

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HBAN angels invested €13.6m in 50 Irish start-ups in 2016

    HBAN angels invested €13.6m in 50 Irish start-ups in 2016

HBAN (Halo Business Angel Network), the all-island group responsible for the promotion of business angel investment in Ireland, recently announced that business angels invested €13.6 million in 50 Irish start-ups

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Irish small firms unaware of Brexit dangers

    Irish small firms unaware of Brexit dangers

Many Irish small- and medium-sized businesses are still unaware of the dangers posed to them by Brexit, according to a new report. The report from the Joint Committee on Jobs,

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Irish economy grows 5.2% in 2016

    Irish economy grows 5.2% in 2016

Ireland’s economy grew 5.2% last year, exceeding all other euro zone countries and most official forecasts for the third successive year. The latest quarterly national accounts from the Central Statistics

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Post offices to close and stamp cost to rise

    Post offices to close and stamp cost to rise

The Chief Executive of An Post, David McRedmond, has said that the cost of a national stamp is to rise from 72c to €1 and that some post offices will

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Revenues at Betfair climb 18% in 2016

    Revenues at Betfair climb 18% in 2016

Paddy Power Betfair has reported higher revenues and operating profits for 2016 – its first full year of earnings since the merger of the two betting giants last year. Revenues

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Live Register Continues to Fall

    Live Register Continues to Fall

The latest Live Register figures show a continuing fall in the numbers of people signing on. The seasonally adjusted figures show a decline of 2,800 compared to the January figures

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71,647 Days Lost to Industrial Disputes in 2016

    71,647 Days Lost to Industrial Disputes in 2016

During 2016 there were 71,647 days lost to industrial disputes, according to figures released by the Central Statistics Office on Friday. This compares with 32,964 days lost in 2015. There

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Service Activity Continues Expanding in February

    Service Activity Continues Expanding in February

Irish service providers benefited from improving economic conditions in February, seeing further sharp rises in activity and new business and recording an improvement in business confidence, according to the Investec

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New Car Sales Down 21 Percent in February

    New Car Sales Down 21 Percent in February

New car registration figures released on Wednesday by Motorcheck.ie show that new car sales in February 2017 have fallen 21% on last year with only 17,015 units sold compared to

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February Cost Burdens Rise at Fastest Rate Since May 2011

    February Cost Burdens Rise at Fastest Rate Since May 2011

The rate of input cost inflation accelerated sharply in February, amid higher prices for a range of raw materials, but output charge inflation moderated, according to the Investec Manufacturing PMI report

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Average Hourly Total Labour Costs Rose 1.4 Percent to €25.72 in 2016

    Average Hourly Total Labour Costs Rose 1.4 Percent to €25.72 in 2016

Average weekly earnings were €716.07 in Quarter four of 2016, a rise of 0.6% from €712.02 one year earlier according to preliminary estimates released by the Central Statistics Office (CSO)

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Direct Flights Between Cork and North America Announced

    Direct Flights Between Cork and North America Announced

Cork Chamber welcomed the Norwegian Air’s Thursday announcement that it will offer direct flights between Cork Airport and Providence in Rhode Island, less than an hour’s drive from Boston, Massachusetts. New North

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One Third of Irish Hotels Have Changed Hands Since 2011

    One Third of Irish Hotels Have Changed Hands Since 2011

One third of Irish hotels have changed hands since 2011, according to a study from property consultants, Savills Ireland. The combined sales value over the five-year period was approximately €2.4

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Ireland Records Lowest Annual Inflation in the Eurozone

    Ireland Records Lowest Annual Inflation in the Eurozone

Ireland’s annual inflation rate was recorded as 0.2% in January 2017, the lowest in the Euro Area which saw an inflation

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Price of Basic Metals Rises 12.1 Percent

    Price of Basic Metals Rises 12.1 Percent

The price of basic metals rose 12.1 % in January while other factory gate prices remained relatively stable, according to

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Employment Increased 3.3 Percent in 2016

    Employment Increased 3.3 Percent in 2016

There was an annual increase in employment of 65,100 (3.3%) in 2016, bringing total employment to 2,048,100, according to the

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Survey Indicates 98 Percent of Irish Companies Have no Brexit Plan

    Survey Indicates 98 Percent of Irish Companies Have no Brexit Plan

The September – December 2016 InterTradeIreland Business Monitor Report, issued on Monday, shows that 98 percent of businesses surveyed have

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Survey Reveals Pay and Conditions in Small Firms

    Survey Reveals Pay and Conditions in Small Firms

A survey on employment pay and conditions in 576 small companies employing 12,903 employees, released by the Small Firms Association on

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What Needs to Change in Ireland if we Want to be a Real Global Leader in R&D

    What Needs to Change in Ireland if we Want to be a Real Global Leader in R&D

Post written by Ian Collins, Partner at EY Ireland. Previously published on Fora.ie The burden for small firms investing in research

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European Parliament Approves Trade Agreement with Canada

    European Parliament Approves Trade Agreement with Canada

The EU-Canada Comprehensive Economic and Trade Agreement (CETA), which aims to boost goods and services trade and investment flows, was

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Record Level of Exports in 2016

    Record Level of Exports in 2016

Exports totalled more than €116 billion in 2016, the highest annual total on record, according to preliminary figures released by the

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Dublin Office Tenants ‘Pre-Letting’ Space In Buildings That Have Not Yet Been Constructed

    Dublin Office Tenants ‘Pre-Letting’ Space In Buildings That Have Not Yet Been Constructed

There has been a surge in office “pre-letting” – the practice of tenants committing to lease contracts before a building

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Mean Weekly Earnings Increased by One Percent Between 2011 and 2014

    Mean Weekly Earnings Increased by One Percent Between 2011 and 2014

Both mean and median weekly earnings for all employment increased by one percent in the period 2011 to 2014, according

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Dublin Airport Passenger Numbers Up Nine Percent in January

    Dublin Airport Passenger Numbers Up Nine Percent in January

Passenger numbers at Dublin Airport increased by 9% to almost 1.9 million in January, Dublin Airport announced Tuesday. Passenger volumes to

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Businesses Encouraged to Apply as New Funding is Made Available for Enterprise Training

    Businesses Encouraged to Apply as New Funding is Made Available for Enterprise Training

Skillnets, the national agency responsible for funding and supporting training networks, announced on Tuesday details of a new training fund

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Almost 1,000 New Jobs Supported Through Microfinance Ireland Loans in 2016

    Almost 1,000 New Jobs Supported Through Microfinance Ireland Loans in 2016

The Government-funded, not-for-profit lender, Microfinance Ireland (MFI), supported the creation of almost 1,000 Irish jobs through loans to small business

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Ryanair Q3 Profit Falls 8 Percent to €95 Million, Traffic Grows 16 Percent

    Ryanair Q3 Profit Falls 8 Percent to €95 Million, Traffic Grows 16 Percent

Irish airline Ryanair reported on Monday that Q3 profits fell 8% to €95 million, as average fares fell by 17%

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Government Opens Public Consultation for National Planning Framework

    Government Opens Public Consultation for National Planning Framework

The Taoiseach and Minister Simon Coveney launched a major national consultation for the preparation of a strategic planning and development

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“Wake up Ireland – the World has Completely Changed” – Irish Exporters Association CEO

    “Wake up Ireland – the World has Completely Changed” – Irish Exporters Association CEO

“Wake up Ireland – the world has completely changed,” was the clear, warning issued by Simon McKeever, Chief Executive of

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New Car Sales Down 1.75% in January, Used Imports Surge

    New Car Sales Down 1.75% in January, Used Imports Surge

New car sales in January 2017 have decreased slightly on last year with 39k units sold compared to 39.7k units

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Action Plan Hopes to Help Create 200,000 Jobs by 2020

    Action Plan Hopes to Help Create 200,000 Jobs by 2020

Taoiseach Enda Kenny and Minister for Jobs, Enterprise & Innovation Mary Mitchell O’Connor launched the Action Plan for Jobs 2017

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January Sees 18-Month High for Manufacturing Output Growth

    January Sees 18-Month High for Manufacturing Output Growth

The Irish manufacturing sector remained in growth territory during the opening month of 2017, with both output and new orders

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Retail Sales Dropped 0.7 Percent in December

    Retail Sales Dropped 0.7 Percent in December

The seasonally-adjusted volume of retail sales decreased by 0.7 percent in the month of December, according to figures released by the

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Research Predicts Brexit’s Effect on Tourism

    Research Predicts Brexit’s Effect on Tourism

Tourism Ireland published research on Tuesday that shows the potential impacts of Brexit on tourism to the island of Ireland

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EIB Confirms Record €825 Million Backing for Irish Investment in 2016

    EIB Confirms Record €825 Million Backing for Irish Investment in 2016

The European Investment Bank (EIB) announced on Tuesday that they had provided more than €825 million for long-term public and

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ICTU Says UK Prime Minister has Not Addressed Border Uncertainty Facing Workers

    ICTU Says UK Prime Minister has Not Addressed Border Uncertainty Facing Workers

UK Prime Minister Theresa May has done little to address the major uncertainty facing workers across the island of Ireland

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Taoiseach Attends World Economic Forum in Davos

    Taoiseach Attends World Economic Forum in Davos

Taoiseach Enda Kenny and Minister for Finance Michael Noonan participated in the Annual Meeting of the World Economic Forum (WEF)

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Prime Industrial Rents Expected to Grow 13.9 Percent in 2017

    Prime Industrial Rents Expected to Grow 13.9 Percent in 2017

Prime rents in the industrial sector may rise by almost 14% in 2017, following an increase of 25% last year,

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Construction Activity Rises for 40th Month in a Row

    Construction Activity Rises for 40th Month in a Row

The Ulster bank Purchasing Managers’ Index (PMI) for December, released on Monday, showed that activity in the construction sector constinued

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Investment In Irish Commercial Property Reached €4.5 Billion In 2016

    Investment In Irish Commercial Property Reached €4.5 Billion In 2016

Commercial property consultants CBRE Ireland released statistics on Friday, detailing the volume and value of investment in Irish commercial property

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Enterprise Ireland Launches Strategy to 2020

    Enterprise Ireland Launches Strategy to 2020

Enterprise Ireland, the Government agency responsible for developing Irish business globally, launched it’s 2017-2020 strategy on Monday, aiming to increase

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Industrial Production increased by 17.1% in November 2016

    Industrial Production increased by 17.1% in November 2016

Production for Manufacturing Industries rose 17.1 percent in November 2016 compared with the previous month, according to figures released by

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November Retail Sales Volume Rises 4.3 Percent

    November Retail Sales Volume Rises 4.3 Percent

The volume of retail sales  for November was up 4.3 percent when compared with the previous year, and up  0.9

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Service Sector New Order Growth Sees Five-Month High

    Service Sector New Order Growth Sees Five-Month High

Rates of expansion in the Irish service sector saw a boost at the end of 2016, with new orders, activity,

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Egypt Reopens Market to Irish Beef

    Egypt Reopens Market to Irish Beef

The Egyptian authorities reopened the market there to Irish beef, Minister for Agriculture, Food and the Marine Michael Creed announced

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Unemployment Rate Drops to 7.2%

    Unemployment Rate Drops to 7.2%

The seasonally adjusted unemployment rate for December 2016 was 7.2%. down from 7.3% in November 2016 and down from 8.9%

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Overseas Companies Employ Almost 200,000 in Ireland – IDA

    Overseas Companies Employ Almost 200,000 in Ireland – IDA

IDA Ireland, the Government agency responsible for attracting foreign direct investment, announced the highest level of employment in its client

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House Price Inflation May Hit Double-Digit Levels in 2017

    House Price Inflation May Hit Double-Digit Levels in 2017

Irish house price inflation is set to accelerate in 2017, potentially reaching double-digit levels, according to the MyHome.ie property report

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