Business News

Numbers signing on Live Register fall again in December – CSO

10th January 2020

The number of people signing on the Live Register is at the lowest level since January 2008, new figures from the Central Statistics Office show.  The CSO said the Live Register total recorded a monthly decrease of 1,100 in December, which brought the seasonally adjusted total to 185,300.  In unadjusted terms, a total of 181,996 […]

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Businesses warned to deal with cashflow implications of Brexit

8th January 2020

Businesses are being advised to put a number of preparatory steps in place to deal with the financial and cashflow implications of Brexit. Britain is scheduled to leave the EU at the end of this month when an eleven month transition period begins. The Banking and Payments Federation has produced a useful checklist of essential […]

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NTMA opens syndicated sale of 15-year bond

8th January 2020

The National Treasury Management Agency has today started the syndicated sale of a new 2035 bond that a market source said could raise around €3 billion.  The NTMA has kicked off its funding drive with a syndicated sale every year since 2013. It could cover around a quarter of its funding needs for this year […]

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Unemployment rate unchanged at 4.8% in December – CSO

8th January 2020

The unemployment rate remained unchanged at 4.8% in December to stay at the lowest level in almost 13 years, new figures from the Central Statistics Office show.  The jobless figure has been steady at 4.8% for three months in a row. Today’s CSO figures show that the seasonally adjusted number of people who were unemployed […]

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Euro zone business activity close to stagnation despite services bounce – PMI

7th January 2020

Euro zone business activity remained close to stagnation at the end of last year, a survey showed today, as an upturn in services activity only partially offset a continued decline in the bloc’s manufacturing industry.  IHS Markit’s final euro zone composite Purchasing Managers’ Index (PMI), seen as a good indicator of economic health, nudged up […]

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€350m worth of old punts yet to be exchanged – Central Bank

7th January 2020

The value of old Irish money that has not been swapped for euro since the change in currency equates to around €350 million. It is 18 years since the punt ceased to be legal tender in Ireland. The Central Bank said over €224m in old Irish notes and more than €123m in old Irish coins […]

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Revenue’s PAYE changes will see end of P60

7th January 2020

Revenue has today outlined what it has described as the most significant changes to the tax system since 1960 when PAYE was introduced. The changes are intended to make tax matters easier for the general public by removing much of the paperwork that normally goes in tandem with paying tax.  The new system will result […]

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Mortgage approvals up in November; BPFI

6th January 2020

Nearly 4,200 mortgages were approved in the month of November, according to figures from the Banking and Payments Federation. It was down around 7.5% on the approval numbers in October, but up 2% on November of 2018. In value terms, it amounted to €960 million in November. That measure was also down month-on-month, but up on the […]

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Corporation tax to boost Exchequer figures for 2019

6th January 2020

Exchequer figures to be released later today are expected to show a surplus of €1.5bn for last year. The surplus is mainly due to higher than forecast levels of corporation tax on company profits. The forecasts for corporation tax were revised upwards three times in 2019. The final figure is expected to be €1.4bn ahead […]

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Mild downturn in manufacturing continues in December

6th January 2020

The final AIB PMI survey of Irish manufacturers for 2019 revealed a further deterioration in business conditions in December.  The extent of the downturn remained mild, with new orders and employment only fractionally lower than in November. Exports remained the main drag on total new orders, linked to a weak UK market. Output was cut […]

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