Business News

Brexit firms must be managed in Ireland – Central Bank

Financial firms looking to relocate due to Brexit must demonstrate that local management will be accountable for decision-making and that operations can be effectively supervised, the Central Bank has said. Read more

Age of first-time buyers rises as housing supply fails to increase

The average age at which people buy their first home has rocketed to 35, with thousands of families trapped in unsuitable accommodation. Read more

AIB appoints NTMA’s Hannigan as CRO

AIB has appointed Deirdre Hannigan as its new chief risk officer. Read more

€100m ISIF-backed joint venture bankrolls four office developments

A funding platform that’s a joint venture between the Ireland Strategic Investment Fund (ISIF) and US-based Quadrant Real Estate has contributed to loan facilities totalling €238.4m used to bankroll the construction of four office developments here, according to accounts filed for the venture. Read more

Four in 10 firms failing to address data law changes

Four out of 10 businesses have not initiated plans to implement the upcoming General Data Protection Regulation (GDPR). Read more

Taking stock of the man who put Ireland’s exchange on global map

Tom Healy rescued the Irish Stock Exchange from the threat of extinction, transforming the Dublin market from a sleepy backwater into one of the one of the leading destinations for international listed funds and debt securities. Read more

Exports surge by 15pc as business sentiment defies gloom

The value of Irish goods exports was up 15pc in February, compared with the same month last year. Read more

People who put off starting pension during recession to lose out heavily

People who held back on starting a pension because of the economic downturn could be big losers when it comes to retirement, new research has found. Read more

Retail body appoints BWG’s O’Byrne as chairman

BWG Foods managing director Willie O’Byrne has been named as the new chairman of Retail Ireland, the Ibec group that represents the sector. Read more

Hopes of interest rates war as Ulster Bank makes it cheaper to get a loan

Ulster Bank is to reduce its fixed rates for new and existing customers and make it easier for them to qualify for the new interest rates. Read more